# EDGAR Filing Document

**Accession Number:** 0001479026
**File Stem:** 0000940400-26-015181
**Filing Date:** 2026-4
**Character Count:** 200937
**Document Hash:** eff4786c58f0c0124ec12e04078ad782
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-015181.hdr.sgml**: 20260428

**ACCESSION NUMBER**: 0000940400-26-015181

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260428

**DATE AS OF CHANGE**: 20260428

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Goldman Sachs ETF Trust
- **CENTRAL INDEX KEY:** 0001479026

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23013
- **FILM NUMBER:** 26905696

**BUSINESS ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282-2198
- **BUSINESS PHONE:** (312) 655-4400

**MAIL ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282-2198

## Series and Classes Contracts Data

### Goldman Sachs Core Bond ETF (Series ID: S000092493)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000260524 | Goldman Sachs Core Bond ETF | GBND            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Goldman Sachs ETF Trust

- **b. Investment Company Act file number:** 811-23013

- **c. CIK number of Registrant:** 0001479026

- **d. LEI of Registrant:** 549300VEZF7K2ES5WL82

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

  - **Street Address 1:** 200 West Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10282

  - **Telephone number:** 312-655-4400

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

- **a. Name of Series:** Goldman Sachs Core Bond ETF

- **b. EDGAR series identifier (if any):** S000092493

- **c. LEI of Series:** 98450064BPE2F9384B44

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2026-02-28

**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:** $101756835.03

**Total Liabilities:** $21716540.84

**Net Assets:** $80040294.19

**Delayed Delivery Securities:** $567778.00

**Stand-by Commitments:** $18557910.16

**Cash Not Reported:** $1420581.16

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 15.49000000 | **1-Year:** 703.60000000 | **5-Year:** 5717.04000000 | **10-Year:** 9775.57000000 | **30-Year:** 15910.95000000

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

- **3-Month:** 0.00000000 | **1-Year:** 24.34000000 | **5-Year:** 690.92000000 | **10-Year:** 481.21000000 | **30-Year:** 9.08000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000260524 | -0.25%               | 0.28%                | 1.60%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-9044.05                | $-104392.09                                |
| Month 2  | $63277.23                | $-121393.66                                |
| Month 3  | $42936.32                | $741381.12                                 |

**Designated Index Information**

- **Index Name:** Bloomberg US Aggregate Bond (Total Return, Unhedged, USD)

- **Index Identifier:** LMUSRET5MP

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHICAGO BOARD OF TRADE                                 | Ultra U.S. Treasury Bond Futures, Jun-2026,ETH         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        47 | NC      | $53922.70     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PENSKE TRUCK LEASING CO LP                             | PENSKE 5.25 07/01/29 144A                              | CUSIP: 709599CA0<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |     68000 | PA      | $70199.44     | 0.09%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                  | NY NYSHGR 4.29 07/01/2044                              | CUSIP: 64990GJY9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    100000 | PA      | $91713.83     | 0.11%             | 2044-07-01      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                            | COF 4.1 02/09/27                                       | CUSIP: 254709AM0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50061.74     | 0.06%             | 2027-02-09      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN FS9616                                              | CUSIP: 3140XRVJ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    231045 | PA      | $211245.36    | 0.26%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Electronic Arts Inc.                                   | EA 2.95 02/15/51                                       | CUSIP: 285512AF6<br>LEI: 549300O7A67PUEYKDL45 | Long             | DBT              | CORP              | US        |     54000 | PA      | $46664.81     | 0.06%             | 2051-02-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2 MA6709                                              | CUSIP: 36179VN22<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    377219 | PA      | $333343.80    | 0.42%             | 2050-06-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                     | META 4.2 11/15/30                                      | CUSIP: 30303MAB8<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50465.87     | 0.06%             | 2030-11-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                   | JPM V5.35 06/01/34                                     | CUSIP: 46647PDR4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41860.26     | 0.05%             | 2034-06-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                         | MS V5.25 04/21/34 MTN                                  | CUSIP: 61747YFE0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    268000 | PA      | $277373.15    | 0.35%             | 2034-04-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company Inc                   | GM 2.4 10/15/28                                        | CUSIP: 37045XDP8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19156.13     | 0.02%             | 2028-10-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Benchmark 2020-B16 Mortgage Trust                      | BMARK 2019-B11 A5                                      | CUSIP: 08162BBE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $244662.03    | 0.31%             | 2052-05-17      | Variable      | 3.54%                 | No            |                  2 | On Loan: No      |
| Acushnet Co                                            | GOLF 5.625 12/01/33 144A                               | CUSIP: 005095AB0<br>LEI: 549300H805O14KEFES79 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20394.92     | 0.03%             | 2033-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Essex Portfolio Lp                                     | ESS 3 01/15/30                                         | CUSIP: 29717PAU1<br>LEI: 5493003GN3O58H286O74 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28740.36     | 0.04%             | 2030-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                         | C V5.411 09/19/39                                      | CUSIP: 17327CAU7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     39000 | PA      | $39222.99     | 0.05%             | 2039-09-19      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                           | AVGO 5.2 07/15/35                                      | CUSIP: 11135FCM1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     34000 | PA      | $35140.11     | 0.04%             | 2035-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                  | BAC V5.872 09/15/34                                    | CUSIP: 06051GLU1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    115000 | PA      | $123376.17    | 0.15%             | 2034-09-15      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company Inc                   | GM 5.75 02/08/31                                       | CUSIP: 37045XER3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10560.75     | 0.01%             | 2031-02-08      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FR SD7093                                              | CUSIP: 3132DU3A3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    206896 | PA      | $212742.55    | 0.27%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WONDER LAKE PARK CLO LTD                               | WONPK 2025-1A A                                        | CUSIP: 97816WAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    350000 | PA      | $351135.75    | 0.44%             | 2038-07-26      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                     | META 4.875 11/15/35                                    | CUSIP: 30303MAD4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    175000 | PA      | $176617.23    | 0.22%             | 2035-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Laboratory Corporation of America Holdings             | LH 2.7 06/01/31                                        | CUSIP: 50540RAY8<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |     39000 | PA      | $36091.86     | 0.05%             | 2031-06-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                | HYNMTR 5.6 03/30/28 144A                               | CUSIP: 44891ACD7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     44000 | PA      | $45299.16     | 0.06%             | 2028-03-30      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR9                                        | BANK5 2024-5YR9 AS                                     | CUSIP: 06644VBM1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    180000 | PA      | $189966.82    | 0.24%             | 2057-08-17      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| Cousins Properties LP                                  | CUZ 5.25 07/15/30                                      | CUSIP: 222793AC5<br>LEI: 254900ZQIHJ5FQH4C329 | Long             | DBT              | CORP              | US        |     46000 | PA      | $47550.66     | 0.06%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FNMA-30YR                                              | CUSIP: 01F042632<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1750000 | PA      | $1730477.00   | 2.16%             | 2056-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2 MB0205                                              | CUSIP: 3618N5GP8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    320619 | PA      | $325446.63    | 0.41%             | 2055-02-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                         | C V6.27 11/17/33                                       | CUSIP: 172967PA3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     30000 | PA      | $32908.75     | 0.04%             | 2033-11-17      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| BFLD COMMERCIAL MORTGAGE TRUST 2025-660F               | BFLD 2025-660F B                                       | CUSIP: 05556QAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250469.20    | 0.31%             | 2042-11-17      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| Warwick Capital CLO 1 Ltd.                             | WWICK 2023-1A AR                                       | CUSIP: 936919AN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    350000 | PA      | $351142.40    | 0.44%             | 2038-10-20      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Regatta XXV FDG Ltd.                                   | REG25 2023-1A A1R                                      | CUSIP: 758978AL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501157.50    | 0.63%             | 2038-07-15      | Variable      | 5.01%                 | No            |                  2 | On Loan: No      |
| Elmwood Clo 38 Ltd.                                    | ELM38 2025-1A A                                        | CUSIP: 289908AA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    525000 | PA      | $525613.73    | 0.66%             | 2038-04-22      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| CommonSpirit Health                                    | CATMED 4.352 09/01/30                                  | CUSIP: 20268JAY9<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25107.17     | 0.03%             | 2030-09-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| DTE Energy Co.                                         | DTE 4.875 06/01/28                                     | CUSIP: 233331BJ5<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |     59000 | PA      | $60139.15     | 0.08%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Applovin Corp.                                         | APP 5.5 12/01/34                                       | CUSIP: 03831WAD0<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56051.89     | 0.07%             | 2034-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                         | MS V3.971 07/22/38                                     | CUSIP: 61744YAL2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     63000 | PA      | $57192.61     | 0.07%             | 2038-07-22      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| NXP BV                                                 | NXPI 3.4 05/01/30                                      | CUSIP: 62954HAY4<br>LEI: 724500RKKW4NOJ9YQF60 | Long             | DBT              | CORP              | NL        |     46000 | PA      | $44570.76     | 0.06%             | 2030-05-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                   | JPM V3.882 07/24/38                                    | CUSIP: 46647PAJ5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    121000 | PA      | $109607.21    | 0.14%             | 2038-07-24      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NYC COMMERCIAL MORTGAGE TRUST 2025-11X                 | NYC 2025-11X B                                         | CUSIP: 67122NAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250468.85    | 0.31%             | 2040-10-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Chord Energy Corp.                                     | CHRD 6 10/01/30 144A                                   | CUSIP: 674215AQ1<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35778.06     | 0.04%             | 2030-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Hilton Domestic Operating Co Inc.                      | HLT 5.5 03/31/34 144A                                  | CUSIP: 432833AT8<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25272.79     | 0.03%             | 2034-03-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                         | C V2.561 05/01/32                                      | CUSIP: 172967MY4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    137000 | PA      | $125461.73    | 0.16%             | 2032-05-01      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                              | MARS 5 03/01/32 144A                                   | CUSIP: 571676AZ8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    131000 | PA      | $135539.64    | 0.17%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CACI International Inc.                                | CACI 6.375 06/15/33 MAR                                | CUSIP: 127190AG1<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |     35000 | PA      | $36061.08     | 0.05%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                        | CVS 5.45 09/15/35                                      | CUSIP: 126650EK2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     12000 | PA      | $12372.44     | 0.02%             | 2035-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| BANK 2021-BNK35                                        | BANK 2021-BN35 A5                                      | CUSIP: 06540CBF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $180582.27    | 0.23%             | 2064-06-17      | Variable      | 2.29%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd.                           | RCL 5.25 02/27/38                                      | CUSIP: 78017TAD5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    120000 | PA      | $120183.87    | 0.15%             | 2038-02-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MSCI Inc.                                              | MSCI 3.875 02/15/31 144A                               | CUSIP: 55354GAL4<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |     77000 | PA      | $73766.67     | 0.09%             | 2031-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CACI International Inc.                                | CACI 6.375 06/15/33 144A                               | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77353.64     | 0.10%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL AUTOMOBILE LEASING TRU                    | GMALT 2024-1 A3                                        | CUSIP: 36269FAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     16110 | PA      | $16133.03     | 0.02%             | 2027-03-22      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                           | UBS V3.091 05/14/32 144A                               | CUSIP: 225401AU2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    650000 | PA      | $608547.82    | 0.76%             | 2032-05-14      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2026-1250B       | WFCM 2026-1250B A                                      | CUSIP: 949939AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $150487.82    | 0.19%             | 2041-03-12      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                           | T 4.75 08/15/55                                        | CUSIP: 912810UM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     50000 | PA      | $50921.88     | 0.06%             | 2055-08-15      | Fixed         | 4.75%                 | No            |                  1 | On Loan: No      |
| Starwood Property Trust, Inc.                          | STWD 5.75 01/15/31 144A                                | CUSIP: 85571BBG9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15172.37     | 0.02%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                           | ORCL 4.65 05/06/30                                     | CUSIP: 68389XCN3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     71000 | PA      | $70879.23     | 0.09%             | 2030-05-06      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit Clo 2019-1                         | BCC 2019-1A BR3                                        | CUSIP: 05683VBL7<br>LEI: 549300B0VI605XM3L529 | Long             | ABS-CBDO         | CORP              | KY        |    950000 | PA      | $950167.20    | 1.19%             | 2034-04-19      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| Aviation Capital Group LLC                             | ACGCAP 5.375 07/15/29 144A                             | CUSIP: 05369AAQ4<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46428.83     | 0.06%             | 2029-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AutoNation, Inc.                                       | AN 5.89 03/15/35                                       | CUSIP: 05329WAT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     37000 | PA      | $38595.41     | 0.05%             | 2035-03-15      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES INC                               | ACI 5.75 03/31/34 144A                                 | CUSIP: 01309QAD0<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |     29000 | PA      | $28862.35     | 0.04%             | 2034-03-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                            | COF V7.964 11/02/34                                    | CUSIP: 254709AT5<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     20000 | PA      | $23536.69     | 0.03%             | 2034-11-02      | Fixed         | 7.96%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                             | OXY 5.375 01/01/32                                     | CUSIP: 674599EK7<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     57000 | PA      | $59337.87     | 0.07%             | 2032-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                              | SUN 4.5 05/15/29                                       | CUSIP: 86765LAT4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     14000 | PA      | $13784.44     | 0.02%             | 2029-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                            | COF V4.493 09/11/31                                    | CUSIP: 14040HDM4<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10004.06     | 0.01%             | 2031-09-11      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                              | MARS 4.8 03/01/30 144A                                 | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     42000 | PA      | $43161.76     | 0.05%             | 2030-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Barclays Dryrock Issuance Trust                        | DROCK 2025-1 A                                         | CUSIP: 06742LBF9<br>LEI: 213800R4G3N2G68CHU37 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100732.59    | 0.13%             | 2031-07-15      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                   | JPM 6.4 05/15/38                                       | CUSIP: 46625HHF0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     94000 | PA      | $106967.59    | 0.13%             | 2038-05-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                | UNH 4.25 03/15/43                                      | CUSIP: 91324PCD2<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     45000 | PA      | $38871.82     | 0.05%             | 2043-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| American Homes 4 Rent L P                              | AMH 4.95 06/15/30                                      | CUSIP: 02666TAK3<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40780.65     | 0.05%             | 2030-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Duquesne Light Holdings, Inc.                          | DQE 2.532 10/01/30 144A                                | CUSIP: 266233AH8<br>LEI: 4CUJ1D8WDXK9X7QI6B93 | Long             | DBT              | CORP              | US        |     60000 | PA      | $55553.63     | 0.07%             | 2030-10-01      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| MSCI Inc.                                              | MSCI 3.625 11/01/31 144A                               | CUSIP: 55354GAM2<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46998.61     | 0.06%             | 2031-11-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares Incorporated                     | HBAN V6.141 11/18/39                                   | CUSIP: 446150BF0<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |     29000 | PA      | $30485.28     | 0.04%             | 2039-11-18      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                | MPLX 5.5 02/15/49                                      | CUSIP: 55336VAT7<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     93000 | PA      | $87223.53     | 0.11%             | 2049-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2026-CSMO                 | BX 2026-CSMO A                                         | CUSIP: 12433LAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100031.15    | 0.12%             | 2042-02-15      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                               | HCA 5.5 06/01/33                                       | CUSIP: 404119CQ0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     47000 | PA      | $49220.18     | 0.06%             | 2033-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| B.A.T. International Finance PLC                       | BATSLN 4.448 03/16/28                                  | CUSIP: 05530QAP5<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |     38000 | PA      | $38347.33     | 0.05%             | 2028-03-16      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines Inc.                                   | DAL 5.25 07/10/30                                      | CUSIP: 247361A32<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41246.87     | 0.05%             | 2030-07-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| B.A.T. International Finance PLC                       | BATSLN 5.931 02/02/29                                  | CUSIP: 05530QAQ3<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |     50000 | PA      | $52621.58     | 0.07%             | 2029-02-02      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| PeaceHealth                                            | PEAHEA 4.335 11/15/28                                  | CUSIP: 70462GAE8<br>LEI: PLDU35L52IYZUL5SMS69 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20143.11     | 0.03%             | 2028-11-15      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Cinemark USA Inc.                                      | CNK 7 08/01/32 144A                                    | CUSIP: 172441BH9<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |     19000 | PA      | $19783.96     | 0.02%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Dollar General Corporation                             | DG 3.5 04/03/30                                        | CUSIP: 256677AG0<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9725.71      | 0.01%             | 2030-04-03      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd.                           | RCL 5.375 01/15/36                                     | CUSIP: 78017TAB9<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     10000 | PA      | $10209.08     | 0.01%             | 2036-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                             | OXY 6.45 09/15/36                                      | CUSIP: 674599DF9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     45000 | PA      | $49055.61     | 0.06%             | 2036-09-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| GE Aerospace                                           | GE 6.875 01/10/39 GMTN                                 | CUSIP: 36962G4B7<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |     37000 | PA      | $44029.34     | 0.06%             | 2039-01-10      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                  | BAC V5.425 08/15/35 MTN                                | CUSIP: 06051GMB2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     63000 | PA      | $64500.28     | 0.08%             | 2035-08-15      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FR SL1538                                              | CUSIP: 31427NV89<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    228366 | PA      | $233124.13    | 0.29%             | 2053-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Block Inc                                              | XYZ 6 08/15/33 144A                                    | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10157.24     | 0.01%             | 2033-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines Inc.                                   | DAL 4.95 07/10/28                                      | CUSIP: 247361A24<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |     29000 | PA      | $29478.11     | 0.04%             | 2028-07-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company Inc                   | GM 5.8 01/07/29                                        | CUSIP: 37045XEN2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6266.40      | 0.01%             | 2029-01-07      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                         | MS V5.587 01/18/36                                     | CUSIP: 61748UAF9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    305000 | PA      | $320539.62    | 0.40%             | 2036-01-18      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| Cousins Properties LP                                  | CUZ 5.375 02/15/32                                     | CUSIP: 222793AB7<br>LEI: 254900ZQIHJ5FQH4C329 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20654.00     | 0.03%             | 2032-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                     | STT V6.45 PERP                                         | CUSIP: 857477CS0<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     12000 | PA      | $12551.14     | 0.02%             | N/A             | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Kodiak Gas Services LLC                                | KGS 6.5 10/01/33 144A                                  | CUSIP: 50012LAD6<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10314.02     | 0.01%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Constellation Brands, Inc.                             | STZ 4.8 05/01/30                                       | CUSIP: 21036PBS6<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |     36000 | PA      | $36903.72     | 0.05%             | 2030-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                           | ORCL 4 07/15/46                                        | CUSIP: 68389XBJ3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     72000 | PA      | $50285.10     | 0.06%             | 2046-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                         | MS V5.664 04/17/36                                     | CUSIP: 61747YGA7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    226000 | PA      | $238828.68    | 0.30%             | 2036-04-17      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                     | ET 5 05/15/44                                          | CUSIP: 292480AJ9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     30000 | PA      | $26858.24     | 0.03%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                | UNH 5.625 07/15/54                                     | CUSIP: 91324PFL1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1969.67      | 0.00%             | 2054-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Healthcare Realty Holdings L.P                         | HR 2.05 03/15/31                                       | CUSIP: 42225UAM6<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              | CORP              | US        |     51000 | PA      | $45289.89     | 0.06%             | 2031-03-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Starwood Property Trust, Inc.                          | STWD 5.25 10/15/28 144A                                | CUSIP: 85571BBF1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20068.19     | 0.03%             | 2028-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Qnity Electronics Inc.                                 | QNTELE 6.25 08/15/33 144A                              | CUSIP: 74743LAB6<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5194.99      | 0.01%             | 2033-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Rogers Communications Inc.                             | RCICN 4.5 03/15/42                                     | CUSIP: 775109CJ8<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |     20000 | PA      | $17438.66     | 0.02%             | 2042-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ascension Health Alliance                              | ASCHEA 4.923 11/15/35 2025                             | CUSIP: 04351LAE0<br>LEI: 549300IMOY6ECI21DH68 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25524.45     | 0.03%             | 2035-11-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Ferguson Enterprises Inc                               | FERG 4.35 03/15/31                                     | CUSIP: 31488VAB3<br>LEI: 2138003JYQMRP3SLX189 | Long             | DBT              | CORP              | US        |     23000 | PA      | $23063.56     | 0.03%             | 2031-03-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Carlisle Companies Inc.                                | CSL 5.55 09/15/40                                      | CUSIP: 142339AM2<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5157.67      | 0.01%             | 2040-09-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| LCM Investments Holdings II LLC                        | MAGLLC 8.25 08/01/31 144A                              | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10531.30     | 0.01%             | 2031-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 1.25 08/15/31                                        | CUSIP: 91282CCS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5523000 | PA      | $4888717.97   | 6.11%             | 2031-08-15      | Fixed         | 1.25%                 | No            |                  1 | On Loan: No      |
| United States Treasury Bonds                           | T 4.75 02/15/45                                        | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    290000 | PA      | $297295.31    | 0.37%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  1 | On Loan: No      |
| Solventum Corp.                                        | SOLV 5.4 03/01/29                                      | CUSIP: 83444MAP6<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |     28000 | PA      | $29044.40     | 0.04%             | 2029-03-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Revvity Inc                                            | RVTY 3.3 09/15/29                                      | CUSIP: 714046AG4<br>LEI: 549300IKL1SDPFI7N655 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48482.68     | 0.06%             | 2029-09-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                           | ORCL 4 11/15/47                                        | CUSIP: 68389XBQ7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     63000 | PA      | $43398.14     | 0.05%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kodiak Gas Services LLC                                | KGS 6.75 10/01/35 144A                                 | CUSIP: 50012LAE4<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5222.29      | 0.01%             | 2035-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                 | Ultra 10-Year U.S. Treasury Note Futures, Jun-2026,ETH | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -11 | NC      | $-9254.81     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Pacific Gas and Electric Company                       | PCG 5.9 06/15/32                                       | CUSIP: 694308KG1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |      7000 | PA      | $7413.14      | 0.01%             | 2032-06-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| OCP CLO 2024-33 LTD                                    | OCP 2024-33A A1                                        | CUSIP: 671080AA7<br>LEI: 213800MSZWCRHL4TG372 | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $501217.50    | 0.63%             | 2037-07-20      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Romania (Republic Of)                                  | ROMANI 6.625 05/16/36 REGS                             | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    160000 | PA      | $170277.87    | 0.21%             | 2036-05-16      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| AutoNation, Inc.                                       | AN 4.75 06/01/30                                       | CUSIP: 05329WAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $20288.61     | 0.03%             | 2030-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                            | COF V5.884 07/26/35                                    | CUSIP: 14040HDH5<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     38000 | PA      | $40028.46     | 0.05%             | 2035-07-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group Inc                           | CFG 3.25 04/30/30                                      | CUSIP: 174610AT2<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |     11000 | PA      | $10576.16     | 0.01%             | 2030-04-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| COLT 2025-7 MORTGAGE LOAN TRUST                        | COLT 2025-7 A1                                         | CUSIP: 19689CAA9<br>LEI: 213800DOQUYA3TO33M98 | Long             | ABS-O            | CORP              | US        |    335373 | PA      | $339306.95    | 0.42%             | 2070-06-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| Teachers Insurance and Annuity Association of America  | TIAAGL 4.9 09/15/44 144A                               | CUSIP: 878091BD8<br>LEI: O06XD7BJ4EPXNABVFN69 | Long             | DBT              | CORP              | US        |     47000 | PA      | $43572.57     | 0.05%             | 2044-09-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PacifiCorp.                                            | BRKHEC 2.9 06/15/52                                    | CUSIP: 695114CY2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |     43000 | PA      | $25723.56     | 0.03%             | 2052-06-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| OHA CREDIT FUNDING 15-R LTD                            | OAKC 2023-15RA A                                       | CUSIP: 67121NAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $301460.40    | 0.38%             | 2038-07-20      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                       | PCG 5.7 03/01/35                                       | CUSIP: 694308KU0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20849.28     | 0.03%             | 2035-03-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| BANK5 2025-5YR14                                       | BANK5 2025-5YR14 A3                                    | CUSIP: 06604MAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    180000 | PA      | $189602.08    | 0.24%             | 2058-04-17      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| Commercial Metals Company                              | CMC 5.75 11/15/33 144A                                 | CUSIP: 201723AS2<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20383.02     | 0.03%             | 2033-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Block Inc                                              | XYZ 6.5 05/15/32                                       | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    232000 | PA      | $238647.01    | 0.30%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| 1011778 B.C. ULC                                       | BCULC 4 10/15/30 144A                                  | CUSIP: 68245XAM1<br>LEI: 549300RHSHNRWI5LLA86 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $9613.52      | 0.01%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Installed Building Products Inc                        | IBP 5.625 02/01/34 144A                                | CUSIP: 45780RAB7<br>LEI: 549300I95Y9P9YM5FI86 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76086.46     | 0.10%             | 2034-02-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                             | BATSLN 6 02/20/34                                      | CUSIP: 05526DBZ7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     65000 | PA      | $70420.05     | 0.09%             | 2034-02-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| USA COMPRESSION PARTNERS LP                            | USAC 6.25 10/01/33 144A                                | CUSIP: 91740PAH1<br>LEI: 5493000B1PEOKXRZEO65 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30455.69     | 0.04%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Viking Cruises, Ltd.                                   | VIKCRU 5.875 10/15/33 144A                             | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |     75000 | PA      | $76515.83     | 0.10%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| QXO INC                                                | BECN 6.75 04/30/32 144A                                | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    195000 | PA      | $202093.27    | 0.25%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 1 07/31/28                                           | CUSIP: 91282CCR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4263000 | PA      | $4029534.12   | 5.03%             | 2028-07-31      | Fixed         | 1.00%                 | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.                                  | CAH 5.15 09/15/35                                      | CUSIP: 14149YBV9<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5013.49      | 0.01%             | 2035-09-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc.                                    | ALLY V5.543 01/17/31                                   | CUSIP: 02005NBW9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     46000 | PA      | $47284.81     | 0.06%             | 2031-01-17      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| Solstice Advanced Materials Inc.                       | SOLADV 5.625 09/30/33 144A                             | CUSIP: 83443QAA1<br>LEI: 2138004GZ4H9TW6HK435 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75856.07     | 0.09%             | 2033-09-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2 MA8268                                              | CUSIP: 36179XFH4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    990525 | PA      | $987625.51    | 1.23%             | 2052-09-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group Inc                           | CFG 2.5 02/06/30                                       | CUSIP: 174610AS4<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9395.03      | 0.01%             | 2030-02-06      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                  | BAC V5.468 01/23/35                                    | CUSIP: 06051GMA4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     75000 | PA      | $78602.46     | 0.10%             | 2035-01-23      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| BANK5 2025-5YR16                                       | BANK5 2025-5YR19 A3                                    | CUSIP: 05494RBL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $104464.63    | 0.13%             | 2058-12-17      | Variable      | 5.27%                 | No            |                  2 | On Loan: No      |
| Howard Midstream Energy Partners Llc                   | HOWARD 6.625 01/15/34 144A                             | CUSIP: 442722AD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $10350.08     | 0.01%             | 2034-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| AMMC CLO 30 LTD / AMMC CLO 30 LLC                      | AMMC 2024-30A A1R                                      | CUSIP: 03165UAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    260000 | PA      | $260155.48    | 0.33%             | 2039-04-15      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                    | NEE 5.05 03/15/30                                      | CUSIP: 65339KDJ6<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     36000 | PA      | $37313.00     | 0.05%             | 2030-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                             | BA 6.259 05/01/27                                      | CUSIP: 097023DP7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    220000 | PA      | $225391.23    | 0.28%             | 2027-05-01      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                           | ORCL 5.55 02/06/53                                     | CUSIP: 68389XCQ6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    105000 | PA      | $87651.18     | 0.11%             | 2053-02-06      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                            | COF V4.927 05/10/28                                    | CUSIP: 14040HCS2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25247.36     | 0.03%             | 2028-05-10      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Macquarie Airfinance Holdings Ltd                      | MCAIRH 5.2 03/27/28 144A                               | CUSIP: 55609NAF5<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |     20000 | PA      | $20334.34     | 0.03%             | 2028-03-27      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Kilroy Realty L.P.                                     | KRC 6.25 01/15/36                                      | CUSIP: 49427RAS1<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              | CORP              | US        |     29000 | PA      | $29576.64     | 0.04%             | 2036-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc.                                    | ALLY V5.737 05/15/29                                   | CUSIP: 02005NBZ2<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30809.27     | 0.04%             | 2029-05-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FR SD8506                                              | CUSIP: 3132DWNX7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    983013 | PA      | $999083.25    | 1.25%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                             | OXY 5.55 10/01/34                                      | CUSIP: 674599EL5<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     32000 | PA      | $33376.83     | 0.04%             | 2034-10-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                            | COF V6.183 01/30/36                                    | CUSIP: 14040HDJ1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    119000 | PA      | $123764.12    | 0.15%             | 2036-01-30      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| Rocket Companies Inc                                   | RKT 6.375 08/01/33 144A                                | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    122000 | PA      | $126157.56    | 0.16%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Chord Energy Corp.                                     | CHRD 6.75 03/15/33 144A                                | CUSIP: 674215AN8<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |     35000 | PA      | $36306.06     | 0.05%             | 2033-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corporation                                   | MTB V5.4 07/30/35                                      | CUSIP: 55261FAZ7<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20295.22     | 0.03%             | 2035-07-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                     | MO 5.25 08/06/35                                       | CUSIP: 02209SBV4<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51225.99     | 0.06%             | 2035-08-06      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2-30YR-Multi                                          | CUSIP: 21H060630<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    500000 | PA      | $510100.00    | 0.64%             | 2055-03-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COLT 2025-4 MORTGAGE LOAN TRUST                        | COLT 2025-4 A1                                         | CUSIP: 12674HAA0<br>LEI: 2138002WIT3BHLQD3E93 | Long             | ABS-O            | CORP              | US        |    448577 | PA      | $455309.94    | 0.57%             | 2070-04-25      | Variable      | 5.79%                 | No            |                  2 | On Loan: No      |
| Great Wolf Trust 2015-Wolf Mz                          | GWT 2024-WLF2 A                                        | CUSIP: 362414AA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $300607.95    | 0.38%             | 2041-05-15      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| Brinks Company                                         | BCO 6.5 06/15/29 144A                                  | CUSIP: 109696AC8<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |     33000 | PA      | $33984.31     | 0.04%             | 2029-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                         | C V2.572 06/03/31                                      | CUSIP: 172967MS7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     61000 | PA      | $57016.43     | 0.07%             | 2031-06-03      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                | UNH 3.05 05/15/41                                      | CUSIP: 91324PEE8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    208000 | PA      | $159772.75    | 0.20%             | 2041-05-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FNMA-30YR                                              | CUSIP: 01F022634<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6000000 | PA      | $5198100.00   | 6.49%             | 2056-03-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                         | MEX 6.05 01/11/40                                      | CUSIP: 91086QAV0<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    180000 | PA      | $181270.41    | 0.23%             | 2040-01-11      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY                           | MA MASDEV 4.57 05/01/2045                              | CUSIP: 57584FEV8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    130000 | PA      | $125791.82    | 0.16%             | 2045-05-01      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                               | HCA 4.5 02/15/27                                       | CUSIP: 404119BU2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50082.79     | 0.06%             | 2027-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN FA0445                                              | CUSIP: 3140W0P74<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    462501 | PA      | $470203.27    | 0.59%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                    | NEE 1.9 06/15/28                                       | CUSIP: 65339KBW9<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     41000 | PA      | $39246.02     | 0.05%             | 2028-06-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                    | SYF V4.947 02/25/32                                    | CUSIP: 87165BAZ6<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    105000 | PA      | $104308.00    | 0.13%             | 2032-02-25      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| NXP BV                                                 | NXPI 2.5 05/11/31                                      | CUSIP: 62954HBA5<br>LEI: 724500RKKW4NOJ9YQF60 | Long             | DBT              | CORP              | NL        |     10000 | PA      | $9156.53      | 0.01%             | 2031-05-11      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                           | T 5 05/15/45                                           | CUSIP: 912810UL0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    326000 | PA      | $344643.13    | 0.43%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  1 | On Loan: No      |
| Performance Food Group Inc                             | PFGC 5.625 03/01/34 144A                               | CUSIP: 71376LAH3<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100356.92    | 0.13%             | 2034-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                      | INTC 3.05 08/12/51                                     | CUSIP: 458140BW9<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1255.95      | 0.00%             | 2051-08-12      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Vale Overseas Limited                                  | VALEBZ 6.4 06/28/54                                    | CUSIP: 91911TAS2<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |    149000 | PA      | $156182.32    | 0.20%             | 2054-06-28      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| COLT 2025-8 MORTGAGE LOAN TRUST                        | COLT 2025-8 A1                                         | CUSIP: 19689DAA7<br>LEI: 2138009IZ4NQZAKAEN75 | Long             | ABS-O            | CORP              | US        |    209832 | PA      | $212324.34    | 0.27%             | 2070-08-25      | Variable      | 5.48%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                       | PCG 2.95 03/01/26                                      | CUSIP: 694308HP5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50000.00     | 0.06%             | 2026-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Eagle Funding Luxco S.a.r.l.                           | MEXPCP 5.5 08/17/30 144A                               | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | CORP              | LU        |    250000 | PA      | $254889.14    | 0.32%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| 1011778 B.C. ULC                                       | BCULC 6.125 06/15/29 144A                              | CUSIP: 68245XAR0<br>LEI: 549300RHSHNRWI5LLA86 | Long             | DBT              | CORP              | CA        |     31000 | PA      | $31876.26     | 0.04%             | 2029-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company Inc                   | GM 5.35 07/15/27                                       | CUSIP: 37045XEX0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203413.03    | 0.25%             | 2027-07-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| BANK 2025-BNK50                                        | BANK 2025-BNK51 B                                      | CUSIP: 06541HAJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $105070.14    | 0.13%             | 2067-12-25      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| SYMPHONY CLO 52 LTD                                    | SYMP 2025-52A BR                                       | CUSIP: 87170MAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500069.50    | 0.62%             | 2036-01-22      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| Commercial Metals Company                              | CMC 6 12/15/35 144A                                    | CUSIP: 201723AV5<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10236.54     | 0.01%             | 2035-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                         | MS V6.342 10/18/33                                     | CUSIP: 61747YEY7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    110000 | PA      | $120904.93    | 0.15%             | 2033-10-18      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                   | JPM V4.912 07/25/33                                    | CUSIP: 46647PDH6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10255.97     | 0.01%             | 2033-07-25      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                             | BA 3.25 02/01/35                                       | CUSIP: 097023CP8<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     77000 | PA      | $68573.36     | 0.09%             | 2035-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                         | C V4.412 03/31/31                                      | CUSIP: 172967MP3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    197000 | PA      | $197969.80    | 0.25%             | 2031-03-31      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                 | TFC V5.867 06/08/34 MTN                                | CUSIP: 89788MAP7<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |     33000 | PA      | $35306.25     | 0.04%             | 2034-06-08      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                | MPLX 4.7 04/15/48                                      | CUSIP: 55336VAN0<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     43000 | PA      | $36317.09     | 0.05%             | 2048-04-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| The J M Smucker Company                                | SJM 2.125 03/15/32                                     | CUSIP: 832696AU2<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |      7000 | PA      | $6147.59      | 0.01%             | 2032-03-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FNMA-30YR                                              | CUSIP: 01F020638<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1250000 | PA      | $1035581.25   | 1.29%             | 2056-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust 2019-1              | EFMT 2022-1 A1                                         | CUSIP: 31573CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    264120 | PA      | $237556.26    | 0.30%             | 2067-01-25      | Variable      | 2.21%                 | No            |                  2 | On Loan: No      |
| J P MG CH CM MT SC T 2024-OMNI                         | JPMCC 2024-OMNI A                                      | CUSIP: 46593JAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    180000 | PA      | $183192.19    | 0.23%             | 2039-10-07      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                             | BA 6.528 05/01/34                                      | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    140000 | PA      | $157083.19    | 0.20%             | 2034-05-01      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| Glencore Finance (Canada) Limited                      | GLENLN 5.55 10/25/42 144A                              | CUSIP: 98417EAR1<br>LEI: 5493005TTO0UJ33KCK70 | Long             | DBT              | CORP              | CA        |     15000 | PA      | $15005.18     | 0.02%             | 2042-10-25      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                              | MARS 5.7 05/01/55 144A                                 | CUSIP: 571676BC8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40559.28     | 0.05%             | 2055-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Host Hotels & Resorts, L.P.                            | HST 5.7 06/15/32                                       | CUSIP: 44107TBD7<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |     26000 | PA      | $27385.85     | 0.03%             | 2032-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                           | ORCL 5.7 02/04/36                                      | CUSIP: 68389XDZ5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90029.72     | 0.11%             | 2036-02-04      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Wesco Distribution, Inc.                               | WCC 5.25 04/15/31 144A                                 | CUSIP: 95081QAT1<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30095.49     | 0.04%             | 2031-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Regions Financial Corporation                          | RF V5.722 06/06/30                                     | CUSIP: 7591EPAU4<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20947.41     | 0.03%             | 2030-06-06      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corporation                                   | MTB V6.082 03/13/32                                    | CUSIP: 55261FAT1<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |     20000 | PA      | $21393.05     | 0.03%             | 2032-03-13      | Fixed         | 6.08%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                   | JPM V1.764 11/19/31                                    | CUSIP: 46647PBU9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     30000 | PA      | $26873.44     | 0.03%             | 2031-11-19      | Fixed         | 1.76%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                       | PCG 5 06/04/28                                         | CUSIP: 694308KW6<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     59000 | PA      | $60084.18     | 0.08%             | 2028-06-04      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Choice Hotels International, Inc.                      | CHH 3.7 01/15/31                                       | CUSIP: 169905AG1<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |    184000 | PA      | $177270.32    | 0.22%             | 2031-01-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                  | BAC V1.898 07/23/31 MTN                                | CUSIP: 06051GJF7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    197000 | PA      | $178681.93    | 0.22%             | 2031-07-23      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Darling Ingredients, Inc                               | DAR 6 06/15/30 144A                                    | CUSIP: 237266AJ0<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15199.79     | 0.02%             | 2030-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Hexcel Corporation                                     | HXL 5.875 02/26/35                                     | CUSIP: 428291AP3<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | DBT              | CORP              | US        |     64000 | PA      | $68173.77     | 0.09%             | 2035-02-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Securities Trust 2017-C7     | JPMDB 2017-C7 A5                                       | CUSIP: 46648KAU0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    480000 | PA      | $473445.31    | 0.59%             | 2050-10-17      | Fixed         | 3.41%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                       | PCG 5.05 10/15/32                                      | CUSIP: 694308KY2<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50962.12     | 0.06%             | 2032-10-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                   | JPM V5.294 07/22/35                                    | CUSIP: 46647PEK8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31124.31     | 0.04%             | 2035-07-22      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Royalty Pharma PLC                                     | RPRX 5.2 09/25/35                                      | CUSIP: 78081BAU7<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |     26000 | PA      | $26407.73     | 0.03%             | 2035-09-25      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Builders Firstsource, Inc.                             | BLDR 4.25 02/01/32 144A                                | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |     11000 | PA      | $10487.52     | 0.01%             | 2032-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC                                           | ACRISU 6.75 07/01/32 144A                              | CUSIP: 004961AA6<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9810.68      | 0.01%             | 2032-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                                  | BAC 6 10/15/36 BKNT                                    | CUSIP: 06050TJZ6<br>LEI: B4TYDEB6GKMZO031MB27 | Long             | DBT              | CORP              | US        |    250000 | PA      | $271208.51    | 0.34%             | 2036-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Ares LI Clo Ltd.                                       | ARES 2019-51A A1R2                                     | CUSIP: 04019LAU8<br>LEI: 5493003FNA8PT0CMDE92 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250339.00    | 0.31%             | 2037-10-15      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| StoneX Escrow Issuer LLC                               | SNEX 6.875 07/15/32 144A                               | CUSIP: 86189AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $25959.62     | 0.03%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Choice Hotels International, Inc.                      | CHH 5.85 08/01/34                                      | CUSIP: 169905AH9<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20735.47     | 0.03%             | 2034-08-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                           | ORCL 5.35 05/04/33                                     | CUSIP: 68389XDY8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    110000 | PA      | $110436.53    | 0.14%             | 2033-05-04      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                           | MAR 2.85 04/15/31 HH                                   | CUSIP: 571903BG7<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |     33000 | PA      | $30887.03     | 0.04%             | 2031-04-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                               | T 4.35 06/15/45                                        | CUSIP: 00206RBK7<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     15000 | PA      | $12600.57     | 0.02%             | 2045-06-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                      | WFC V4.892 09/15/36                                    | CUSIP: 95000U4B6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    105000 | PA      | $105067.09    | 0.13%             | 2036-09-15      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| SIGNAL PEAK CLO 12 LTD                                 | SPEAK 2022-12A A1R                                     | CUSIP: 82671XAQ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $501214.00    | 0.63%             | 2037-07-20      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Group                                  | RCL 6.25 03/15/32 144A                                 | CUSIP: 780153BU5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     61000 | PA      | $63611.08     | 0.08%             | 2032-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                 | U.S. Treasury Bond Futures, Jun-2026,ETH               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        13 | NC      | $12042.79     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacific Gas and Electric Company                       | PCG 2.1 08/01/27                                       | CUSIP: 694308JF5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     39000 | PA      | $37998.15     | 0.05%             | 2027-08-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                | MPLX 5.2 03/01/47                                      | CUSIP: 55336VAL4<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9128.25      | 0.01%             | 2047-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Atkore Inc                                             | ATKR 4.25 06/01/31 144A                                | CUSIP: 047649AA6<br>LEI: 52990002TI38AM4RPV48 | Long             | DBT              | CORP              | US        |     22000 | PA      | $21093.75     | 0.03%             | 2031-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FNMA-30YR                                              | CUSIP: 01F060634<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $1025760.00   | 1.28%             | 2056-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                             | BA 6.858 05/01/54                                      | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     11000 | PA      | $12621.74     | 0.02%             | 2054-05-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| Blackstone Secured Lending Fund                        | BXSL 5.3 06/30/30                                      | CUSIP: 09261XAK8<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |      7000 | PA      | $6884.53      | 0.01%             | 2030-06-30      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                   | JPM V4.898 01/22/37                                    | CUSIP: 46647PFJ0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160864.64    | 0.20%             | 2037-01-22      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Dollar General Corporation                             | DG 5.45 07/05/33                                       | CUSIP: 256677AP0<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20963.05     | 0.03%             | 2033-07-05      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                              | MARS 5.2 03/01/35 144A                                 | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     28000 | PA      | $29003.50     | 0.04%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BSTN COML MTG TR 2025-1C                               | BSTN 2025-1C A                                         | CUSIP: 05615EAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $208675.44    | 0.26%             | 2044-06-17      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| Fair Isaac Corporation                                 | FAIRIC 6 05/15/33 144A                                 | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |     31000 | PA      | $31332.38     | 0.04%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| INVESCO US CLO 2023-3 LTD                              | INVCO 2023-3A BR                                       | CUSIP: 46091RAN3<br>LEI: 213800YAVR2FVYDIRM63 | Long             | ABS-CBDO         | CORP              | JE        |    250000 | PA      | $251291.25    | 0.31%             | 2038-07-15      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2-30YR-Multi                                          | CUSIP: 21H032639<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    500000 | PA      | $469064.50    | 0.59%             | 2056-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corporation                                   | MTB V5.385 01/16/36 MTN                                | CUSIP: 55261FAV6<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76875.09     | 0.10%             | 2036-01-16      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Constellation Software Inc.                            | CSUCN 5.461 02/16/34 144A                              | CUSIP: 21037XAD2<br>LEI: 549300B6PYHMCTDWQV29 | Long             | DBT              | CORP              | CA        |     25000 | PA      | $24912.22     | 0.03%             | 2034-02-16      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                  | BAC V5.288 04/25/34                                    | CUSIP: 06051GLH0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    134000 | PA      | $139115.34    | 0.17%             | 2034-04-25      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                           | AVGO 4.9 02/15/38                                      | CUSIP: 11135FCX7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19895.46     | 0.02%             | 2038-02-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                      | WFC V3.584 05/22/28 MTN                                | CUSIP: 95000U2A0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49739.56     | 0.06%             | 2028-05-22      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                  | FN MA4437                                              | CUSIP: 31418D4X7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1297621 | PA      | $1082413.96   | 1.35%             | 2051-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Group                                  | RCL 6 02/01/33 144A                                    | CUSIP: 780153BV3<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     55000 | PA      | $56940.30     | 0.07%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FR QC4423                                              | CUSIP: 3133AN4G6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    231307 | PA      | $192945.45    | 0.24%             | 2051-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Revvity Inc                                            | RVTY 2.55 03/15/31                                     | CUSIP: 714046AH2<br>LEI: 549300IKL1SDPFI7N655 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9147.06      | 0.01%             | 2031-03-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS LLC                             | AMNPHA 6.875 08/01/32 144A                             | CUSIP: 03168LAA3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | DBT              | CORP              | US        |     13000 | PA      | $13697.01     | 0.02%             | 2032-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                     | BX 2024-BIO A                                          | CUSIP: 05612AAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250000.35    | 0.31%             | 2041-02-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                   | JPM V5.193 02/05/37                                    | CUSIP: 46647PFK7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85895.29     | 0.11%             | 2037-02-05      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                               | T 5.55 11/01/45                                        | CUSIP: 00206RND0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |      3000 | PA      | $2951.48      | 0.00%             | 2045-11-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| OCP SA                                                 | OCPMR 6.75 05/02/34 REGS                               | CUSIP: 000000000<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    200000 | PA      | $217083.04    | 0.27%             | 2034-05-02      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VFH PARENT LLC                                         | VIRT 7.5 06/15/31 144A                                 | CUSIP: 91824YAA6<br>LEI: 549300FRO9M476YHHY64 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10438.20     | 0.01%             | 2031-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Ovintiv Inc                                            | OVV 8.125 09/15/30                                     | CUSIP: 012873AH8<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |     20000 | PA      | $23017.50     | 0.03%             | 2030-09-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                           | AVGO 4.8 02/15/36                                      | CUSIP: 11135FCY5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30078.37     | 0.04%             | 2036-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| First Horizon Corporation                              | FHN V5.514 03/07/31                                    | CUSIP: 320517AE5<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | DBT              | CORP              | US        |     49000 | PA      | $50716.20     | 0.06%             | 2031-03-07      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                     | ET 6.125 12/15/45                                      | CUSIP: 29273RBJ7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     90000 | PA      | $91088.80     | 0.11%             | 2045-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Lamar Media Corp.                                      | LAMR 5.375 11/01/33 144A                               | CUSIP: 513075CA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $55114.06     | 0.07%             | 2033-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines Lng LLC                     | VEGLPL 6.125 12/15/30 144A                             | CUSIP: 922966AE6<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15579.44     | 0.02%             | 2030-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                   | CCL 5.875 06/15/31 144A                                | CUSIP: 143658BZ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     20000 | PA      | $20893.02     | 0.03%             | 2031-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| United Airlines Holdings Inc                           | UAL 5.375 03/01/31                                     | CUSIP: 910047AL3<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |     57000 | PA      | $58091.21     | 0.07%             | 2031-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                         | C V2.666 01/29/31                                      | CUSIP: 172967ML2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47192.78     | 0.06%             | 2031-01-29      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                         | C V6.75 PERP EE                                        | CUSIP: 172967PR6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     26000 | PA      | $26590.84     | 0.03%             | N/A             | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2025-ARIA                                     | BX 2025-ARIA A                                         | CUSIP: 05619TAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $205127.14    | 0.26%             | 2042-12-15      | Variable      | 5.03%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                  | BAC V2.572 10/20/32                                    | CUSIP: 06051GKD0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9100.00      | 0.01%             | 2032-10-20      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 4.5 04/15/27                                         | CUSIP: 91282CKJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $2021718.74   | 2.53%             | 2027-04-15      | Fixed         | 4.50%                 | No            |                  1 | On Loan: No      |
| BMO 2026-C14 MORTGAGE TRUST                            | BMO 2026-C14 A5                                        | CUSIP: 096942AV9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $208983.64    | 0.26%             | 2059-02-17      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                        | TDG 6.75 01/31/34 144a                                 | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10382.03     | 0.01%             | 2034-01-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                   | JPM V2.58 04/22/32                                     | CUSIP: 46647PCC8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9217.46      | 0.01%             | 2032-04-22      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust 2021-6                        | AOMT 2021-6 A1                                         | CUSIP: 03465JAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     80459 | PA      | $69827.70     | 0.09%             | 2066-09-25      | Variable      | 1.46%                 | No            |                  2 | On Loan: No      |
| Revvity Inc                                            | RVTY 2.25 09/15/31                                     | CUSIP: 714046AN9<br>LEI: 549300IKL1SDPFI7N655 | Long             | DBT              | CORP              | US        |     49000 | PA      | $43590.23     | 0.05%             | 2031-09-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Builders Firstsource, Inc.                             | BLDR 6.75 05/15/35 144A                                | CUSIP: 12008RAT4<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20886.17     | 0.03%             | 2035-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| News Corporation                                       | NWSA 3.875 05/15/29 144A                               | CUSIP: 65249BAA7<br>LEI: 549300ITS31QK8VRBQ14 | Long             | DBT              | CORP              | US        |     38000 | PA      | $37054.33     | 0.05%             | 2029-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Poland (Republic of)                                   | POLAND 5.5 03/18/54 30Y                                | CUSIP: 731011AZ5<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     30000 | PA      | $29401.59     | 0.04%             | 2054-03-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Host Hotels & Resorts, L.P.                            | HST 2.9 12/15/31 J                                     | CUSIP: 44107TBA3<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18269.33     | 0.02%             | 2031-12-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| COMM 2024-277P MORTGAGE TRUST                          | COMM 2024-277P A                                       | CUSIP: 12654FAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $263255.03    | 0.33%             | 2044-08-11      | Variable      | 6.34%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                        | TDG 6.125 07/31/34 144A                                | CUSIP: 893647CB1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15236.77     | 0.02%             | 2034-07-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                | UNH 4.375 03/15/42                                     | CUSIP: 91324PBW1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     40000 | PA      | $35717.91     | 0.04%             | 2042-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 3.75 01/31/31                                        | CUSIP: 91282CPW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    400000 | PA      | $402312.50    | 0.50%             | 2031-01-31      | Fixed         | 3.75%                 | No            |                  1 | On Loan: No      |
| Composecure Holdings LLC                               | COMPOS 5.625 02/01/33 144A                             | CUSIP: 20459XAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $99495.93     | 0.12%             | 2033-02-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Highwoods Realty Limited Partnership                   | HIW 7.65 02/01/34                                      | CUSIP: 431282AU6<br>LEI: JUJNVZX73BIYHLR58F51 | Long             | DBT              | CORP              | US        |    101000 | PA      | $115079.07    | 0.14%             | 2034-02-01      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                   | CCL 6.125 02/15/33 144A                                | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     33000 | PA      | $34155.54     | 0.04%             | 2033-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Paychex Inc                                            | PAYX 5.35 04/15/32                                     | CUSIP: 704326AB3<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20506.89     | 0.03%             | 2032-04-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Royalty Pharma PLC                                     | RPRX 5.4 09/02/34                                      | CUSIP: 78081BAR4<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |     41000 | PA      | $42391.08     | 0.05%             | 2034-09-02      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Trust                                    | Goldman Sachs Financial Square Government Fund         | CUSIP: 38141W273<br>LEI: S2FHCT8U6D2VORP0J605 | Long             | STIV             | RF                | US        |   4957845 | PA      | $4957845.03   | 6.19%             | 2099-12-01      | Floating      | 0.00%                 | No            |                  1 | On Loan: No      |
| Enbridge Inc.                                          | ENBCN 5.7 03/08/33                                     | CUSIP: 29250NBR5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |      6000 | PA      | $6375.88      | 0.01%             | 2033-03-08      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Wesco Distribution, Inc.                               | WCC 5.5 04/15/34 144A                                  | CUSIP: 95081QAU8<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45341.82     | 0.06%             | 2034-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                             | BA 6.625 02/15/38                                      | CUSIP: 097023AS4<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    284000 | PA      | $320762.35    | 0.40%             | 2038-02-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                 | TFC V5.435 01/24/30 MTN                                | CUSIP: 89788MAR3<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |     62000 | PA      | $64309.35     | 0.08%             | 2030-01-24      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corporation                                   | MTB V5.053 01/27/34                                    | CUSIP: 55261FAR5<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30431.31     | 0.04%             | 2034-01-27      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| SPECTRUM MANAGEMENT HOLDING COMPANY LLC                | CHTR 5.875 11/15/40                                    | CUSIP: 88732JAY4<br>LEI: B1WXCWLJVJXMWJX6O298 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18777.99     | 0.02%             | 2040-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Videotron LTD/ Videotron LTEE                          | QBRCN 5.7 01/15/35 144A                                | CUSIP: 92660FAT1<br>LEI: 549300LW4GNJRBECSD81 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $10332.69     | 0.01%             | 2035-01-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                           | ORCL 5.25 02/03/32                                     | CUSIP: 68389XCZ6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    154000 | PA      | $154562.36    | 0.19%             | 2032-02-03      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| EFMT 2026-NQM6                                         | EFMT 2026-NQM1 A1A                                     | CUSIP: 26846GAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    199568 | PA      | $200115.30    | 0.25%             | 2071-02-25      | Variable      | 4.77%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                   | JPM V4.586 04/26/33                                    | CUSIP: 46647PDC7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20181.06     | 0.03%             | 2033-04-26      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                   | JPM V4.347 01/22/32                                    | CUSIP: 46647PFG6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    135000 | PA      | $135626.05    | 0.17%             | 2032-01-22      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                         | MS V5.32 07/19/35                                      | CUSIP: 61747YFT7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    105000 | PA      | $108641.29    | 0.14%             | 2035-07-19      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                             | BA 5.04 05/01/27                                       | CUSIP: 097023CU7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50527.52     | 0.06%             | 2027-05-01      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Seagate Data Storage Technology Pte. Ltd.              | STX 5.875 07/15/30 144A                                | CUSIP: 81180LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |     20000 | PA      | $20558.68     | 0.03%             | 2030-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Amkor Technology, Inc.                                 | AMKR 5.875 10/01/33 144A                               | CUSIP: 031652BL3<br>LEI: 529900VHLRTKPWZJBM84 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76611.46     | 0.10%             | 2033-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                               | VST 4.3 07/15/29 144A                                  | CUSIP: 92840VAE2<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     32000 | PA      | $32014.85     | 0.04%             | 2029-07-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                             | BA 5.705 05/01/40                                      | CUSIP: 097023CV5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     64000 | PA      | $66602.50     | 0.08%             | 2040-05-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| COUSINS PROPERTIES INC                                 | CUZ 5.875 10/01/34                                     | CUSIP: 222793AA9<br>LEI: 5493007XPYD5EJABN062 | Long             | DBT              | CORP              | US        |     54000 | PA      | $56571.12     | 0.07%             | 2034-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 1.25 04/30/28                                        | CUSIP: 91282CBZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3981000 | PA      | $3804965.16   | 4.75%             | 2028-04-30      | Fixed         | 1.25%                 | No            |                  1 | On Loan: No      |
| United States Treasury Bonds                           | T 4.625 02/15/46                                       | CUSIP: 912810UT3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    160000 | PA      | $161125.01    | 0.20%             | 2046-02-15      | Fixed         | 4.62%                 | No            |                  1 | On Loan: No      |
| Truist Financial Corp.                                 | TFC V5.711 01/24/35 MTN                                | CUSIP: 89788MAS1<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    136000 | PA      | $143994.92    | 0.18%             | 2035-01-24      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                           | ORCL 3.6 04/01/40                                      | CUSIP: 68389XBW4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     73000 | PA      | $54803.95     | 0.07%             | 2040-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Agree LP                                               | ADC 5.625 06/15/34                                     | CUSIP: 008513AE3<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              | CORP              | US        |     20000 | PA      | $21121.38     | 0.03%             | 2034-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Dollar General Corporation                             | DG 5 11/01/32                                          | CUSIP: 256677AL9<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25643.26     | 0.03%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                            | COF V7.624 10/30/31 .                                  | CUSIP: 14040HDC6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     15000 | PA      | $16945.75     | 0.02%             | 2031-10-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                  | BAC V2.482 09/21/36                                    | CUSIP: 06051GKC2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    131000 | PA      | $115732.17    | 0.14%             | 2036-09-21      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FNMA-30YR                                              | CUSIP: 01F052631<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    750000 | PA      | $761955.00    | 0.95%             | 2056-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2024-1CHI        | WFCM 2024-1CHI A                                       | CUSIP: 95003PAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    119000 | PA      | $120097.48    | 0.15%             | 2035-07-17      | Variable      | 5.48%                 | No            |                  2 | On Loan: No      |
| Hungary (Republic Of)                                  | REPHUN 5.5 06/16/34 REGS                               | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    200000 | PA      | $205000.00    | 0.26%             | 2034-06-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                      | WFC V5.198 01/23/30                                    | CUSIP: 95000U3J0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30907.56     | 0.04%             | 2030-01-23      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| GCAT TRUST 2021-NQM5                                   | GCAT 2021-NQM5 A2                                      | CUSIP: 36168KAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    603726 | PA      | $520610.34    | 0.65%             | 2066-07-25      | Variable      | 1.42%                 | No            |                  2 | On Loan: No      |
| Sixth Street Clo XVI Ltd.                              | SIXST 2020-16A A1R2                                    | CUSIP: 83012DBQ5<br>LEI: 549300YD05LZSDNMVF16 | Long             | ABS-CBDO         | CORP              | KY        |    725000 | PA      | $725432.83    | 0.91%             | 2039-01-21      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| Cencora Inc                                            | COR 2.7 03/15/31                                       | CUSIP: 03073EAT2<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |     47000 | PA      | $43809.10     | 0.05%             | 2031-03-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Chase Commercial Mortgage Securities Trust | JPMCC 2022-NLP A                                       | CUSIP: 466317AA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    135256 | PA      | $134166.58    | 0.17%             | 2037-04-15      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| American Homes 4 Rent L P                              | AMH 2.375 07/15/31                                     | CUSIP: 02666TAC1<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18009.11     | 0.02%             | 2031-07-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                     | TMUS 4.7 01/15/35                                      | CUSIP: 87264ADM4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9939.03      | 0.01%             | 2035-01-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| DBR Land Holdings LLC                                  | LB 6.25 12/01/30 144A                                  | CUSIP: 24024BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $77266.11     | 0.10%             | 2030-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Apollo Debt Solutions BDC                              | APODS 6.55 03/15/32                                    | CUSIP: 03770DAF0<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |     39000 | PA      | $39860.93     | 0.05%             | 2032-03-15      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                | UNH 5.95 02/15/41                                      | CUSIP: 91324PBQ4<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     20000 | PA      | $21236.11     | 0.03%             | 2041-02-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                         | C V4.503 09/11/31                                      | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30238.12     | 0.04%             | 2031-09-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WHITEBOX CLO III LTD                                   | WBOX 2021-3A A1R                                       | CUSIP: 96467HAL0<br>LEI: 549300JXCQSPB1A61C68 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250282.75    | 0.31%             | 2035-10-15      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| OAKTREE CLO 2023-2 LTD                                 | OAKCL 2023-2A A1R                                      | CUSIP: 67401QAL0<br>LEI: 254900E6646RC82IR359 | Long             | ABS-CBDO         | CORP              | KY        |    575000 | PA      | $578325.23    | 0.72%             | 2038-07-20      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                           | AVGO 3.187 11/15/36 144A                               | CUSIP: 11135FBQ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    161000 | PA      | $138829.85    | 0.17%             | 2036-11-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                   | JPM V4.81 10/22/36                                     | CUSIP: 46647PFE1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     77000 | PA      | $76776.71     | 0.10%             | 2036-10-22      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FNMA-30YR                                              | CUSIP: 01F040636<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    500000 | PA      | $486075.00    | 0.61%             | 2056-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company Inc                   | GM 5.45 09/06/34                                       | CUSIP: 37045XFA9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20534.42     | 0.03%             | 2034-09-06      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                  | BAC V4.571 04/27/33                                    | CUSIP: 06051GKQ1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    154000 | PA      | $154704.89    | 0.19%             | 2033-04-27      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| Crowdstrike Holdings Inc                               | CRWD 3 02/15/29                                        | CUSIP: 22788CAA3<br>LEI: 549300YBY08K9KM4HX32 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9502.96      | 0.01%             | 2029-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                              | SUN 5.875 03/15/34 144A                                | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25165.35     | 0.03%             | 2034-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                               | VST 5.25 10/15/35 144A                                 | CUSIP: 92840VAW2<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35113.05     | 0.04%             | 2035-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                 | 10-Year T-Note Futures, Jun-2026,ETH                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -60 | NC      | $-26091.41    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| B.A.T. Capital Corporation                             | BATSLN 4.742 03/16/32                                  | CUSIP: 05526DBW4<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     43000 | PA      | $43739.72     | 0.05%             | 2032-03-16      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                           | ORCL 6.7 02/04/56                                      | CUSIP: 68389XEB7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     45000 | PA      | $43610.93     | 0.05%             | 2056-02-04      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Adventist Health Systems (West)                        | ADVENT 4.742 12/01/30 2025                             | CUSIP: 007944AN1<br>LEI: 5493008YM33UCY5QPW83 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70857.42     | 0.09%             | 2030-12-01      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| GE Aerospace                                           | GE 5.875 01/14/38 MTN                                  | CUSIP: 36962G3P7<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |    293000 | PA      | $321940.17    | 0.40%             | 2038-01-14      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 3.5 02/28/31                                         | CUSIP: 91282CQD6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    800000 | PA      | $799375.00    | 1.00%             | 2031-02-28      | Fixed         | 3.50%                 | No            |                  1 | On Loan: No      |
| The Cigna Group                                        | CI 3.875 10/15/47 *                                    | CUSIP: 125523BK5<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |     45000 | PA      | $34931.99     | 0.04%             | 2047-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CARVAL CLO X-C LTD                                     | CARVL 2024-2A A                                        | CUSIP: 146918AA5<br>LEI: 254900DAR7W0XP2CHD65 | Long             | ABS-CBDO         | CORP              | JE        |    750000 | PA      | $750052.50    | 0.94%             | 2037-07-20      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| SPECTRUM MANAGEMENT HOLDING COMPANY LLC                | CHTR 6.75 06/15/39                                     | CUSIP: 88732JAU2<br>LEI: B1WXCWLJVJXMWJX6O298 | Long             | DBT              | CORP              | US        |     66000 | PA      | $67675.05     | 0.08%             | 2039-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                 | TFC V4.964 10/23/36 MTN                                | CUSIP: 89788MAV4<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79761.39     | 0.10%             | 2036-10-23      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| Hyatt Hotels Corporation                               | H 5.5 06/30/34                                         | CUSIP: 448579AS1<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |     27000 | PA      | $28144.93     | 0.04%             | 2034-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                  | BAC V1.922 10/24/31 MTN                                | CUSIP: 06051GJL4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     49000 | PA      | $44166.04     | 0.06%             | 2031-10-24      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                  | BAC V2.687 04/22/32                                    | CUSIP: 06051GJT7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9262.28      | 0.01%             | 2032-04-22      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR11                                       | BANK5 2024-5YR11 A3                                    | CUSIP: 06644WBD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $158452.37    | 0.20%             | 2057-11-19      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                         | MEX 5.55 01/21/45                                      | CUSIP: 91086QBE7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     20000 | PA      | $18725.94     | 0.02%             | 2045-01-21      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| J P MORGAN MTG TR 2025-NQM1                            | JPMMT 2025-NQM5 A1A                                    | CUSIP: 46664DAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    438034 | PA      | $439835.81    | 0.55%             | 2066-05-25      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| Willis North America Inc.                              | WTW 4.55 03/15/31                                      | CUSIP: 970648AP6<br>LEI: 5493004KVU1HWZCP0C66 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20018.37     | 0.03%             | 2031-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                               | HCA 3.5 09/01/30                                       | CUSIP: 404119CA5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    227000 | PA      | $219894.33    | 0.27%             | 2030-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Crown Castle Inc.                                      | CCI 4 03/01/27                                         | CUSIP: 22822VAE1<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49984.81     | 0.06%             | 2027-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                   | JPM V5.576 07/23/36                                    | CUSIP: 46647PFC5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20786.58     | 0.03%             | 2036-07-23      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                       | FN FA3631                                              | CUSIP: 3140W4A98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    526112 | PA      | $536410.39    | 0.67%             | 2054-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                   | CHTR 6.1 06/01/29                                      | CUSIP: 161175CQ5<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    164000 | PA      | $171839.83    | 0.21%             | 2029-06-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                      | WFC V5.499 01/23/35                                    | CUSIP: 95000U3K7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     70000 | PA      | $73284.40     | 0.09%             | 2035-01-23      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARZ TRUST 2024-BILT                                    | ARZ 2024-BILT A                                        | CUSIP: 00218TAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $205851.22    | 0.26%             | 2039-06-13      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| Regal Rexnord Corporation                              | RRX 6.3 02/15/30 *                                     | CUSIP: 758750AN3<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |     20000 | PA      | $21364.32     | 0.03%             | 2030-02-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                         | C V3.057 01/25/33                                      | CUSIP: 17327CAQ6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     69000 | PA      | $63826.09     | 0.08%             | 2033-01-25      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                         | C V2.976 11/05/30                                      | CUSIP: 17308CC53<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     77000 | PA      | $73788.62     | 0.09%             | 2030-11-05      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| The Cigna Group                                        | CI 4.8 08/15/38                                        | CUSIP: 125523AJ9<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |     43000 | PA      | $41636.87     | 0.05%             | 2038-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 3.75 02/28/33                                        | CUSIP: 91282CQC8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    810000 | PA      | $811423.83    | 1.01%             | 2033-02-28      | Fixed         | 3.75%                 | No            |                  1 | On Loan: No      |
| SV RNO Property Owner 1 LLC                            | TRACTC 5.875 03/01/31 144A                             | CUSIP: 78488XAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $75324.05     | 0.09%             | 2031-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SFS AUTO RECEIVABLES SECURITIZATION                    | SFAST 2024-2A A4                                       | CUSIP: 78397XAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    135000 | PA      | $138401.93    | 0.17%             | 2030-08-20      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                             | BA 5.15 05/01/30                                       | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     42000 | PA      | $43496.20     | 0.05%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2-30YR-Multi                                          | CUSIP: 21H052637<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    250000 | PA      | $253165.00    | 0.32%             | 2056-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JANE STREET GROUP LLC                                  | JANEST 6.75 05/01/33 144A                              | CUSIP: 47077WAE8<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |    136000 | PA      | $139531.53    | 0.17%             | 2033-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                           | MAR 4.5 05/01/33                                       | CUSIP: 571903BY8<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69806.11     | 0.09%             | 2033-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Global Payments Inc                                    | GPN 5.55 11/15/35                                      | CUSIP: 37940XAY8<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29836.49     | 0.04%             | 2035-11-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                               | VST 4.7 01/31/31 144A                                  | CUSIP: 92840VAY8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20113.01     | 0.03%             | 2031-01-31      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                          | GOOGL 4.1 11/15/30                                     | CUSIP: 02079KAW7<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100881.96    | 0.13%             | 2030-11-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| The Cigna Group                                        | CI 4.9 12/15/48                                        | CUSIP: 125523AK6<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |     25000 | PA      | $22461.12     | 0.03%             | 2048-12-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2 MA7937                                              | CUSIP: 36179WZA9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    246464 | PA      | $226066.18    | 0.28%             | 2052-03-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CBRE Services Inc                                      | CBG 5.5 04/01/29                                       | CUSIP: 12505BAH3<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |     19000 | PA      | $19732.64     | 0.02%             | 2029-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FNMA-30YR                                              | CUSIP: 01F062630<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    500000 | PA      | $519220.00    | 0.65%             | 2056-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2-30YR-Multi                                          | CUSIP: 21H030633<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    250000 | PA      | $229257.25    | 0.29%             | 2056-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CBAMR 2020-12R LTD                                     | CBAMR 2020-12A A1R2                                    | CUSIP: 14988FAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250759.50    | 0.31%             | 2039-01-20      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                | UNH 5.875 02/15/53                                     | CUSIP: 91324PES7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10174.33     | 0.01%             | 2053-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Venture Global Plaquemines Lng LLC                     | VEGLPL 6.5 06/15/34 144A                               | CUSIP: 922966AF3<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15779.13     | 0.02%             | 2034-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Hudson Yards 2025-Sprl Mortgage Trust                  | HY 2025-SPRL A                                         | CUSIP: 44855PAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $104345.08    | 0.13%             | 2040-01-13      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                            | IL ILS 5.65 12/01/2038                                 | CUSIP: 452152UP4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    162500 | PA      | $170172.00    | 0.21%             | 2038-12-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                        | TDG 6.375 05/31/33 144A                                | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     88000 | PA      | $89880.74     | 0.11%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Laboratory Corporation of America Holdings             | LH 4.55 04/01/32                                       | CUSIP: 50540RBA9<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |     61000 | PA      | $61471.18     | 0.08%             | 2032-04-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD | FHMS K547 A2                                           | CUSIP: 3137HN6B9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    100000 | PA      | $102334.21    | 0.13%             | 2030-05-25      | Variable      | 4.42%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                        | CVS 6.125 09/15/39                                     | CUSIP: 126650BR0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15897.69     | 0.02%             | 2039-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                  | BAC V5.744 02/12/36                                    | CUSIP: 06051GMQ9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    200000 | PA      | $208987.58    | 0.26%             | 2036-02-12      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| NYC COMMERCIAL MTG TR 2025-3BP                         | NYC 2025-77C A                                         | CUSIP: 67123LAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100765.69    | 0.13%             | 2036-01-10      | Variable      | 4.79%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                             | BA 3.625 03/01/48                                      | CUSIP: 097023BZ7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     68000 | PA      | $49762.71     | 0.06%             | 2048-03-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Match Group Holdings II LLC                            | MTCHII 6.125 09/15/33 144A                             | CUSIP: 57667JAC6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29935.34     | 0.04%             | 2033-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                      | WFC V4.97 04/23/29                                     | CUSIP: 95000U3T8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50968.93     | 0.06%             | 2029-04-23      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Elevance Health Inc.                                   | ELV 4.6 09/15/32                                       | CUSIP: 036752BJ1<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151296.10    | 0.19%             | 2032-09-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                | UNH 5.7 10/15/40                                       | CUSIP: 91324PBN1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     54000 | PA      | $56495.20     | 0.07%             | 2040-10-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Vertiv Holdings Co                                     | VRT 4.85 03/15/36                                      | CUSIP: 92537NAA6<br>LEI: 549300KTTIRAOGXCRV69 | Long             | DBT              | CORP              | US        |     95000 | PA      | $94629.78     | 0.12%             | 2036-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Advanced Drainage System Inc                           | WMS 5.375 03/01/34 144A                                | CUSIP: 00790RAC8<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75582.68     | 0.09%             | 2034-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | T 4.25 11/15/34                                        | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8168000 | PA      | $8392620.00   | 10.49%            | 2034-11-15      | Fixed         | 4.25%                 | No            |                  1 | On Loan: No      |
| Government National Mortgage Association               | G2-30YR-Multi                                          | CUSIP: 21H042638<br>LEI: 549300M8ZYFG0OCMTT87 | Short            | ABS-MBS          | USGA              | US        |   -250000 | PA      | $-246990.00   | -0.31%            | 2056-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                      | WFC V6.491 10/23/34                                    | CUSIP: 95000U3H4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     10000 | PA      | $11102.65     | 0.01%             | 2034-10-23      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| General Motors Company                                 | GM 5.4 10/15/29                                        | CUSIP: 37045VAY6<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    153000 | PA      | $159025.38    | 0.20%             | 2029-10-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                  | FR SD8146                                              | CUSIP: 3132DWBP7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    474708 | PA      | $397087.18    | 0.50%             | 2051-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SILVER POINT CLO 2 LTD                                 | SPCLO 2023-2A A1R                                      | CUSIP: 82808EAQ4<br>LEI: 549300ODF186WFGMDH65 | Long             | ABS-CBDO         | CORP              | JE        |    250000 | PA      | $250842.25    | 0.31%             | 2038-04-20      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| Standard Building Solutions Inc.                       | BMCAUS 6.25 08/01/33 144A                              | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |     39000 | PA      | $39715.01     | 0.05%             | 2033-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                    | NEE 3.55 05/01/27                                      | CUSIP: 65339KAT7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49812.79     | 0.06%             | 2027-05-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                        | TDG 6.25 01/31/34 144A                                 | CUSIP: 893647BZ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5170.36      | 0.01%             | 2034-01-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Snap Inc                                               | SNAP 6.875 03/15/34 144A                               | CUSIP: 83304AAM8<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19962.51     | 0.02%             | 2034-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                       | PCG 4.65 08/01/28                                      | CUSIP: 694308JC2<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    143000 | PA      | $144706.48    | 0.18%             | 2028-08-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Bacardi Ltd.                                           | BACARD 4.7 05/15/28 144A                               | CUSIP: 067316AF6<br>LEI: 549300R32WTQNHNN5055 | Long             | DBT              | CORP              | BM        |    100000 | PA      | $100869.19    | 0.13%             | 2028-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| RHP Hotel Properties LP / RHP Finance Corporation      | RHP 5.75 03/15/34 144A                                 | CUSIP: 74984CAA6<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30198.69     | 0.04%             | 2034-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Barclays Dryrock Issuance Trust                        | DROCK 2023-1 A                                         | CUSIP: 06742LAX1<br>LEI: 213800R4G3N2G68CHU37 | Long             | ABS-O            | CORP              | US        |    175000 | PA      | $175171.46    | 0.22%             | 2029-02-15      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| Travel Plus Leisure Co                                 | TNL 6.125 09/01/33 144A                                | CUSIP: 894164AC6<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15232.56     | 0.02%             | 2033-09-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Sutter Health                                          | SUTHEA 3.161 08/15/40 20A                              | CUSIP: 86944BAH6<br>LEI: 549300MJCC12LU768G81 | Long             | DBT              | CORP              | US        |    116000 | PA      | $93826.53     | 0.12%             | 2040-08-15      | Fixed         | 3.16%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FNMA-30YR                                              | CUSIP: 01F050635<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2750000 | PA      | $2762320.00   | 3.45%             | 2056-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN CC1438                                              | CUSIP: 3140Y7S41<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    247706 | PA      | $254059.33    | 0.32%             | 2055-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                   | GLENLN 2.625 09/23/31 144A                             | CUSIP: 378272BG2<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |     85000 | PA      | $77534.17     | 0.10%             | 2031-09-23      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2-30YR-Multi                                          | CUSIP: 21H020634<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    500000 | PA      | $423604.50    | 0.53%             | 2056-03-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company Inc                   | GM 4.35 01/17/27                                       | CUSIP: 37045XBT2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    180000 | PA      | $180283.47    | 0.23%             | 2027-01-17      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| PALMER SQUARE CLO LTD 2024-3                           | PLMRS 2024-3A A                                        | CUSIP: 69688GAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    350000 | PA      | $351026.20    | 0.44%             | 2037-07-20      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group Inc                           | CFG V5.841 01/23/30                                    | CUSIP: 174610BF1<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |     19000 | PA      | $19861.65     | 0.02%             | 2030-01-23      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| Peru (Republic Of)                                     | PERU 5.5 03/30/36                                      | CUSIP: 715638FC1<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |     60000 | PA      | $62033.16     | 0.08%             | 2036-03-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CommonSpirit Health                                    | CATMED 4.975 09/01/35 2025                             | CUSIP: 20268JBD4<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    170000 | PA      | $171062.92    | 0.21%             | 2035-09-01      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Healthpeak OP LLC                                      | DOC 5.375 02/15/35                                     | CUSIP: 42250GAA1<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20607.06     | 0.03%             | 2035-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                  | BAC V2.972 02/04/33 MTN                                | CUSIP: 06051GKK4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     88000 | PA      | $81298.57     | 0.10%             | 2033-02-04      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| CIFC Funding 2017-1 LTD/CIFC Funding 2017-1 LLC        | CIFC 2017-1A ARR                                       | CUSIP: 17181PAC3<br>LEI: 549300X1SKS4LNS5LQ62 | Long             | ABS-CBDO         | CORP              | KY        |    570000 | PA      | $570930.24    | 0.71%             | 2037-04-21      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2 MA7766                                              | CUSIP: 36179WTX6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    393453 | PA      | $333408.60    | 0.42%             | 2051-12-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                         | MS V5.466 01/18/35                                     | CUSIP: 61747YFL4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     94000 | PA      | $98229.59     | 0.12%             | 2035-01-18      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                  | BAC 6.11 01/29/37                                      | CUSIP: 59022CAJ2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    100000 | PA      | $108045.65    | 0.13%             | 2037-01-29      | Fixed         | 6.11%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                | UNH 3.5 08/15/39                                       | CUSIP: 91324PDT6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     13000 | PA      | $10916.82     | 0.01%             | 2039-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                           | ORCL 6 08/03/55                                        | CUSIP: 68389XDB8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     25000 | PA      | $21988.27     | 0.03%             | 2055-08-03      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Carlyle Us Clo 2018-2 LLC                              | CGMS 2021-10A A1R                                      | CUSIP: 14316YAL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    650000 | PA      | $650901.55    | 0.81%             | 2038-01-20      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| SILVER PT CLO LTD 2024-6                               | SPCLO 2025-14A A1                                      | CUSIP: 82810EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    350000 | PA      | $351223.60    | 0.44%             | 2039-01-15      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| Carpenter Technology Corporation                       | CRS 5.625 03/01/34 144A                                | CUSIP: 144285AN3<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10192.42     | 0.01%             | 2034-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                 | 2-Year T-Note Futures, Jun-2026,ETH                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        11 | NC      | $2783.68      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Aimco Clo Series 2019-10A Ltd / Llc                    | AIMCO 2019-10A ARR                                     | CUSIP: 00901AAS6<br>LEI: 5493004I93856WYBB035 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250330.00    | 0.31%             | 2037-07-22      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                               | T 4.85 07/15/45                                        | CUSIP: 00206RJL7<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     47000 | PA      | $42472.99     | 0.05%             | 2045-07-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Solventum Corp.                                        | SOLV 5.6 03/23/34                                      | CUSIP: 83444MAR2<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41790.28     | 0.05%             | 2034-03-23      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                   | JPM V5.572 04/22/36                                    | CUSIP: 46647PEX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     33000 | PA      | $34834.97     | 0.04%             | 2036-04-22      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| 7-Eleven Inc.                                          | SVELEV 2.5 02/10/41 144A                               | CUSIP: 817826AF7<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |     20000 | PA      | $14133.33     | 0.02%             | 2041-02-10      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                         | MS V4.892 10/22/36 I                                   | CUSIP: 61748UAN2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     43000 | PA      | $42775.35     | 0.05%             | 2036-10-22      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| Colt Mortgage Loan Trust                               | COLT 2021-4 A1                                         | CUSIP: 19688GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    179814 | PA      | $156729.00    | 0.20%             | 2066-10-25      | Variable      | 1.40%                 | No            |                  2 | On Loan: No      |
| Benchmark 2020-B16 Mortgage Trust                      | BMARK 2020-B22 ASB                                     | CUSIP: 08163BBD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     94317 | PA      | $89743.20     | 0.11%             | 2054-01-16      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                       | PCG 6.15 01/15/33                                      | CUSIP: 694308KJ5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10745.11     | 0.01%             | 2033-01-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                         | MS V2.484 09/16/36                                     | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    177000 | PA      | $156617.96    | 0.20%             | 2036-09-16      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                 | 5-Year T-Note Futures, Jun-2026,ETH                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        10 | NC      | $3898.84      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                                   | JPM V2.963 01/25/33                                    | CUSIP: 46647PCU8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9266.79      | 0.01%             | 2033-01-25      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| NXP BV                                                 | NXPI 4.4 06/01/27                                      | CUSIP: 62954HBE7<br>LEI: 724500RKKW4NOJ9YQF60 | Long             | DBT              | CORP              | NL        |     20000 | PA      | $20100.57     | 0.03%             | 2027-06-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                           | BACR 4.836 05/09/28                                    | CUSIP: 06738EAW5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $201507.64    | 0.25%             | 2028-05-09      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PROPERTIES LP                                | RHP 6.5 06/15/33 144A                                  | CUSIP: 749571AL9<br>LEI: 549300SJMSMA2471GA96 | Long             | DBT              | CORP              | US        |     53000 | PA      | $55083.52     | 0.07%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Dbc 2025-DBC Mortgage Trust                            | DBC 2025-DBC A                                         | CUSIP: 23306HAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250234.98    | 0.31%             | 2042-11-17      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Cornell University                                     | CORNLU 4.733 06/15/35 2025                             | CUSIP: 219207AF4<br>LEI: 549300ZZIJPNT0RZWP17 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46043.61     | 0.06%             | 2035-06-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FNMA-30YR                                              | CUSIP: 01F032633<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    500000 | PA      | $471315.00    | 0.59%             | 2056-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Post Holdings Inc.                                     | POST 6.375 03/01/33 144A                               | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10186.61     | 0.01%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                             | BA 3.45 11/01/28                                       | CUSIP: 097023CA1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49397.10     | 0.06%             | 2028-11-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                           | ORCL 6.9 11/09/52                                      | CUSIP: 68389XCK9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14814.37     | 0.02%             | 2052-11-09      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                      | CDS CDX.NA.IG.45.V1                                    | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $98914.45     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| General Motors Financial Company Inc                   | GM 5.55 07/15/29                                       | CUSIP: 37045XEU6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104124.27    | 0.13%             | 2029-07-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                       | DUK 3.75 09/01/46                                      | CUSIP: 26441CAT2<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |     29000 | PA      | $22245.12     | 0.03%             | 2046-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                           | ORCL 5.2 09/26/35                                      | CUSIP: 68389XDM4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38656.83     | 0.05%             | 2035-09-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Uber Technologies Inc                                  | UBER 4.15 01/15/31                                     | CUSIP: 90353TAT7<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9961.58      | 0.01%             | 2031-01-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                             | OXY 6.125 01/01/31                                     | CUSIP: 674599EF8<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     95000 | PA      | $102187.95    | 0.13%             | 2031-01-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                         | MS V5.424 07/21/34 MTN                                 | CUSIP: 61747YFG5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     75000 | PA      | $78311.13     | 0.10%             | 2034-07-21      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| Elastic NV                                             | ESTC 4.125 07/15/29 144A                               | CUSIP: 28415LAA1<br>LEI: 2549003I48WHHH937I59 | Long             | DBT              | CORP              | NL        |     80000 | PA      | $75745.94     | 0.09%             | 2029-07-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| DEWOLF PARK CLO LTD                                    | DWOLF 2017-1A AR2                                      | CUSIP: 25211AAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    270000 | PA      | $270483.57    | 0.34%             | 2039-01-24      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Graham Holdings Co                                     | GHC 5.625 12/01/33 144A                                | CUSIP: 384637AC8<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35042.35     | 0.04%             | 2033-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Benchmark 2020-B16 Mortgage Trust                      | BMARK 2021-B28 ASB                                     | CUSIP: 08163GAV2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    220000 | PA      | $206930.72    | 0.26%             | 2054-08-17      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                      | CDS CDX.NA.IG.44.V1                                    | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DCR              | CORP              | GB        |         1 | NC      | $45526.29     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Carlyle Us Clo 2018-2 LLC                              | CGMS 2021-1A A1AR                                      | CUSIP: 14316MAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250373.50    | 0.31%             | 2040-01-17      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FNMA-30YR                                              | CUSIP: 01F030637<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $904584.00    | 1.13%             | 2056-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AECOM                                                  | ACM 6 08/01/33 144A                                    | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |     76000 | PA      | $77623.19     | 0.10%             | 2033-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust 2023-DSC2                   | JPMMT 2023-DSC2 A1                                     | CUSIP: 46657BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     72573 | PA      | $73526.98     | 0.09%             | 2063-11-25      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                             | OXY 7.875 09/15/31                                     | CUSIP: 674599DE2<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     17000 | PA      | $19784.32     | 0.02%             | 2031-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan Energy Partners LP                       | KMI 6.55 09/15/40                                      | CUSIP: 494550BF2<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |     20000 | PA      | $22228.04     | 0.03%             | 2040-09-15      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                             | BATSLN 4.625 03/22/33                                  | CUSIP: 054989AF5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85314.16     | 0.11%             | 2033-03-22      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | G2-30YR-Multi                                          | CUSIP: 21H050631<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    750000 | PA      | $752542.50    | 0.94%             | 2056-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc.                                    | ALLY 7.1 11/15/27                                      | CUSIP: 02005NBR0<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     23000 | PA      | $24086.36     | 0.03%             | 2027-11-15      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                      | WFC 5.375 02/07/35                                     | CUSIP: 949746JM4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31533.02     | 0.04%             | 2035-02-07      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                   | CHTR 3.75 02/15/28                                     | CUSIP: 161175BJ2<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |     31000 | PA      | $30719.73     | 0.04%             | 2028-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Crown Americas LLC                                     | CCK 5.875 06/01/33 144A                                | CUSIP: 228180AC9<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41101.43     | 0.05%             | 2033-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                   | JPM V5.502 01/24/36                                    | CUSIP: 46647PEW2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     95000 | PA      | $99866.55     | 0.12%             | 2036-01-24      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BFLD COMMERCIAL MORTGAGE TRUST 2025-660F               | BFLD 2025-660F A                                       | CUSIP: 05556QAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100208.18    | 0.13%             | 2042-11-17      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                           | ORCL 4.8 09/26/32                                      | CUSIP: 68389XDK8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     60000 | PA      | $58649.08     | 0.07%             | 2032-09-26      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Axon Enterprise Inc                                    | AXON 6.25 03/15/33 144A                                | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51867.67     | 0.06%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NYC COMMERCIAL MORTGAGE TRUST 2025-11X                 | NYC 2025-11X A                                         | CUSIP: 67122NAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250156.75    | 0.31%             | 2040-10-15      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                        | CVS 4.78 03/25/38                                      | CUSIP: 126650CY4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     95000 | PA      | $90658.88     | 0.11%             | 2038-03-25      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                            | COF 3.75 03/09/27                                      | CUSIP: 14040HBN4<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64886.54     | 0.08%             | 2027-03-09      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Roblox Corporation                                     | RBLX 3.875 05/01/30 144A                               | CUSIP: 771049AA1<br>LEI: 529900ANZDBDFU91SO19 | Long             | DBT              | CORP              | US        |     18000 | PA      | $17139.86     | 0.02%             | 2030-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                           | MAR 5.5 04/15/37                                       | CUSIP: 571903BU6<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15492.76     | 0.02%             | 2037-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-28

**Name of Applicant:** Goldman Sachs ETF Trust

**Signature:** Allison Frachiolla

**Name of Signer:** Allison Frachiolla

**Title:** Vice President Assistant Treasurer