# EDGAR Filing Document

**Accession Number:** 0000908406
**File Stem:** 0001193125-25-190116
**Filing Date:** 2025-8
**Character Count:** 218762
**Document Hash:** 76c126bddc7e6da17ad3e98c19712990
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-190116.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001193125-25-190116

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN CENTURY INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000908406

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07822
- **FILM NUMBER:** 251267053

**BUSINESS ADDRESS:**
- **STREET 1:** 4500 MAIN STREET
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64111
- **BUSINESS PHONE:** 816-531-5575

**MAIL ADDRESS:**
- **STREET 1:** 4500 MAIN STREET
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BENHAM INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19930629

## Series and Classes Contracts Data

### SHORT DURATION STRATEGIC INCOME FUND (Series ID: S000046093)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000144162 | INVESTOR CLASS | ASDVX           |
| C000144163 | R5 CLASS       | ASDJX           |
| C000144164 | A CLASS        | ASADX           |
| C000144165 | C CLASS        | ASCDX           |
| C000144166 | R CLASS        | ASDRX           |
| C000144167 | R6 CLASS       | ASXDX           |
| C000189693 | I CLASS        | ASDHX           |
| C000189694 | Y CLASS        | ASYDX           |

## Nport-Ex

**American Century Investments**<sup>®</sup>

**Quarterly Portfolio Holdings**

**Short Duration Strategic Income Fund**

**June 30, 2025**

------

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| |
|:---|
| **<u>Short Duration Strategic Income - Schedule of Investments</u>** |
| **JUNE 30, 2025 (UNAUDITED)** |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount ($)/Shares** | **Value ($)** |
| **CORPORATE BONDS — 43.1%** | | |
| **Aerospace and Defense — 1.1%** | | |
| Boeing Co., 2.20%, 2/4/26 | 2320000 | 2284118 |
| Boeing Co., 6.30%, 5/1/29 | 994000 | 1051131 |
| Spirit AeroSystems, Inc., 4.60%, 6/15/28 | 2285000 | 2247801 |
| TransDigm, Inc., 4.625%, 1/15/29 | 1545000 | 1517055 |
| TransDigm, Inc., 4.875%, 5/1/29 | 1545000 | 1519138 |
|  |  | 8619243 |
| **Air Freight and Logistics — 0.4%** |  |  |
| GXO Logistics, Inc., 1.65%, 7/15/26 | 3000000 | 2902374 |
| **Automobiles — 1.6%** |  |  |
| Ford Motor Credit Co. LLC, 5.125%, 11/5/26 | 3025000 | 3018658 |
| Ford Motor Credit Co. LLC, 5.80%, 3/5/27 | 1530000 | 1542638 |
| General Motors Financial Co., Inc., 5.40%, 4/6/26 | 2650000 | 2662519 |
| Nissan Motor Acceptance Co. LLC, 6.95%, 9/15/26<sup>(1)</sup> | 3650000 | 3694596 |
| Volkswagen Group of America Finance LLC, 4.90%, 8/14/26<sup>(1)</sup> | 1150000 | 1152513 |
|  |  | 12070924 |
| **Banks — 9.1%** |  |  |
| Banco de Credito del Peru SA, VRN, 3.125%, 7/1/30<sup>(1)</sup> | 3360000 | 3360000 |
| Banco Santander SA, VRN, 6.53%, 11/7/27 | 2400000 | 2464010 |
| Bank of Montreal, VRN, 7.70%, 5/26/84 | 1840000 | 1904555 |
| Bank of Nova Scotia, VRN, 3.625%, 10/27/81 | 1045000 | 980344 |
| Bank of Nova Scotia, VRN, 8.625%, 10/27/82 | 1671000 | 1777474 |
| Barclays PLC, VRN, 7.39%, 11/2/28 | 1670000 | 1773046 |
| BNP Paribas SA, VRN, 4.375%, 3/1/33<sup>(1)</sup> | 527000 | 516642 |
| Citibank NA, 4.58%, 5/29/27 | 2165000 | 2177685 |
| Citibank NA, VRN, 4.88%, 11/19/27 | 1655000 | 1665516 |
| Citigroup, Inc., VRN, 4.64%, 5/7/28 | 1890000 | 1895260 |
| Comerica, Inc., VRN, 5.98%, 1/30/30 | 1600000 | 1639246 |
| Danske Bank AS, VRN, 6.26%, 9/22/26<sup>(1)</sup> | 1577000 | 1581927 |
| First Horizon Bank, 5.75%, 5/1/30 | 446000 | 456355 |
| Freedom Mortgage Corp., 6.625%, 1/15/27<sup>(1)</sup> | 3305000 | 3313210 |
| Freedom Mortgage Corp., 12.00%, 10/1/28<sup>(1)</sup> | 785000 | 844706 |
| Freedom Mortgage Holdings LLC, 9.25%, 2/1/29<sup>(1)</sup> | 346000 | 359641 |
| Goldman Sachs Bank USA, VRN, 5.41%, 5/21/27 | 1380000 | 1391626 |
| HSBC Holdings PLC, VRN, 7.39%, 11/3/28 | 1925000 | 2044736 |
| HSBC USA, Inc., 4.65%, 6/3/28 | 3129000 | 3154133 |
| Intesa Sanpaolo SpA, VRN, 4.20%, 6/1/32<sup>(1)</sup> | 4187000 | 3853716 |
| JPMorgan Chase & Co., VRN, 4.51%, 10/22/28 | 544000 | 545732 |
| Morgan Stanley Bank NA, VRN, 5.02%, 1/12/29 | 4040000 | 4103701 |
| National Bank of Canada, VRN, 5.60%, 7/2/27 | 1580000 | 1597694 |
| Nationstar Mortgage Holdings, Inc., 7.125%, 2/1/32<sup>(1)</sup> | 915000 | 951037 |
| Planet Financial Group LLC, 10.50%, 12/15/29<sup>(1)</sup> | 838000 | 839483 |
| PNC Bank NA, 4.05%, 7/26/28 | 1885000 | 1870565 |
| PNC Financial Services Group, Inc., VRN, 5.10%, 7/23/27 | 3080000 | 3103933 |
| Royal Bank of Canada, VRN, 4.97%, 1/24/29 | 2110000 | 2141149 |
| Societe Generale SA, VRN, 5.51%, 5/22/31<sup>(1)</sup> | 908000 | 926307 |
| Societe Generale SA, VRN, 3.65%, 7/8/35<sup>(1)</sup> | 969000 | 890085 |
| Toronto-Dominion Bank, VRN, 8.125%, 10/31/82 | 2800000 | 2931340 |
| Truist Bank, VRN, 4.67%, 5/20/27 | 1470000 | 1472410 |

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| | | |
|:---|:---|:---|
| Truist Bank, VRN, 4.63%, 9/17/29 | 980000 | 969083 |
| U.S. Bancorp, VRN, 5.73%, 10/21/26 | 2240000 | 2247643 |
| U.S. Bank NA, VRN, 4.51%, 10/22/27 | 1625000 | 1627118 |
| UniCredit SpA, VRN, 5.86%, 6/19/32<sup>(1)</sup> | 1820000 | 1835038 |
| Wells Fargo & Co., VRN, 4.90%, 1/24/28 | 1520000 | 1531501 |
| Wells Fargo & Co., VRN, 4.97%, 4/23/29 | 1465000 | 1485693 |
|  |  | 68223340 |
| **Building Products — 0.3%** |  |  |
| Standard Industries, Inc., 5.00%, 2/15/27<sup>(1)</sup> | 2475000 | 2471136 |
| **Capital Markets — 5.3%** |  |  |
| Ares Capital Corp., 3.25%, 7/15/25 | 1849000 | 1847888 |
| Ares Strategic Income Fund, 5.70%, 3/15/28 | 1635000 | 1648750 |
| Bain Capital Specialty Finance, Inc., 5.95%, 3/15/30 | 878000 | 868387 |
| Blackstone Private Credit Fund, 7.05%, 9/29/25 | 1835000 | 1845213 |
| Blackstone Private Credit Fund, 7.30%, 11/27/28 | 957000 | 1021005 |
| Blackstone Private Credit Fund, 5.95%, 7/16/29 | 880000 | 897145 |
| Blue Owl Capital Corp., 3.75%, 7/22/25 | 1849000 | 1847586 |
| Blue Owl Capital Corp., 3.40%, 7/15/26 | 1920000 | 1889631 |
| Blue Owl Capital Corp., 2.875%, 6/11/28 | 765000 | 712879 |
| Blue Owl Capital Corp., 5.95%, 3/15/29 | 765000 | 769188 |
| Blue Owl Credit Income Corp., 7.75%, 1/15/29 | 3130000 | 3325395 |
| Blue Owl Technology Finance Corp., 6.10%, 3/15/28<sup>(1)</sup> | 1478000 | 1486413 |
| Citadel Finance LLC, 5.90%, 2/10/30<sup>(1)</sup> | 1000000 | 1009915 |
| Citadel Securities Global Holdings LLC, 5.50%, 6/18/30<sup>(1)</sup> | 1405000 | 1422148 |
| Coinbase Global, Inc., 3.375%, 10/1/28<sup>(1)</sup> | 1475000 | 1383956 |
| Goldman Sachs Group, Inc., VRN, 4.94%, 4/23/28 | 1028000 | 1036411 |
| Goldman Sachs Group, Inc., VRN, 5.73%, 4/25/30 | 1540000 | 1603398 |
| Golub Capital BDC, Inc., 7.05%, 12/5/28 | 1309000 | 1374933 |
| HPS Corporate Lending Fund, 5.45%, 1/14/28 | 1965000 | 1971097 |
| Morgan Stanley, VRN, 4.99%, 4/12/29 | 968000 | 982212 |
| Northern Trust Corp., VRN, 3.375%, 5/8/32 | 3892000 | 3780056 |
| Nuveen Churchill Direct Lending Corp., 6.65%, 3/15/30 | 1090000 | 1119975 |
| State Street Corp., VRN, 3.03%, 11/1/34 | 2480000 | 2291803 |
| UBS Group AG, VRN, 6.33%, 12/22/27<sup>(1)</sup> | 3125000 | 3209423 |
|  |  | 39344807 |
| **Chemicals — 0.2%** |  |  |
| Braskem Netherlands Finance BV, 4.50%, 1/10/28<sup>(1)</sup> | 1472000 | 1269086 |
| Celanese U.S. Holdings LLC, 6.42%, 7/15/27 | 602000 | 623822 |
|  |  | 1892908 |
| **Commercial Services and Supplies — 0.2%** |  |  |
| Deluxe Corp., 8.125%, 9/15/29<sup>(1)</sup> | 1834000 | 1895105 |
| **Communications Equipment — 0.2%** |  |  |
| Motorola Solutions, Inc., 4.85%, 8/15/30 | 1380000 | 1395264 |
| **Construction and Engineering — 0.4%** |  |  |
| Mexico City Airport Trust, 3.875%, 4/30/28<sup>(1)</sup> | 2802000 | 2723838 |
| **Consumer Finance — 0.4%** |  |  |
| Avolon Holdings Funding Ltd., 6.375%, 5/4/28<sup>(1)</sup> | 686000 | 715658 |
| Bread Financial Holdings, Inc., VRN, 8.375%, 6/15/35<sup>(1)</sup> | 1337000 | 1347272 |
| Encore Capital Group, Inc., 9.25%, 4/1/29<sup>(1)</sup> | 823000 | 876234 |
|  |  | 2939164 |
| **Consumer Staples Distribution & Retail — 0.6%** |  |  |
| Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC, 4.625%, 1/15/27<sup>(1)</sup> | 3745000 | 3724900 |
| Walgreens Boots Alliance, Inc., 3.45%, 6/1/26 | 470000 | 460155 |
|  |  | 4185055 |

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| | | |
|:---|:---|:---|
| **Diversified REITs — 2.2%** | | |
| GLP Capital LP/GLP Financing II, Inc., 5.375%, 4/15/26 | 1310000 | 1311104 |
| Highwoods Realty LP, 4.20%, 4/15/29 | 1859000 | 1808663 |
| Kilroy Realty LP, 4.25%, 8/15/29 | 2705000 | 2615802 |
| Lineage OP LP, 5.25%, 7/15/30<sup>(1)</sup> | 1970000 | 1982715 |
| MPT Operating Partnership LP/MPT Finance Corp., 8.50%, 2/15/32<sup>(1)</sup> | 1353000 | 1417080 |
| Piedmont Operating Partnership LP, 9.25%, 7/20/28 | 1123000 | 1251311 |
| Piedmont Operating Partnership LP, 6.875%, 7/15/29 | 240000 | 252908 |
| Piedmont Operating Partnership LP, 3.15%, 8/15/30 | 188000 | 168758 |
| Trust Fibra Uno, 4.87%, 1/15/30<sup>(1)</sup> | 2816000 | 2676197 |
| Vornado Realty LP, 2.15%, 6/1/26 | 3260000 | 3167343 |
|  |  | 16651881 |
| **Diversified Telecommunication Services — 0.9%** |  |  |
| AT&T, Inc., 7.30%, 8/15/26 | 1725000 | 1764246 |
| Frontier Communications Holdings LLC, 8.625%, 3/15/31<sup>(1)</sup> | 3439000 | 3656750 |
| Sprint Capital Corp., 6.875%, 11/15/28 | 1440000 | 1546252 |
|  |  | 6967248 |
| **Electric Utilities — 0.8%** |  |  |
| Emera, Inc., Series 16-A, VRN, 6.75%, 6/15/76 | 1594000 | 1607985 |
| Evergy Kansas Central, Inc., 4.70%, 3/13/28 | 771000 | 780149 |
| Pinnacle West Capital Corp., 5.15%, 5/15/30 | 1325000 | 1356909 |
| Southern Co., Series B, VRN, 4.00%, 1/15/51 | 1970000 | 1961787 |
|  |  | 5706830 |
| **Electrical Equipment — 0.3%** |  |  |
| Regal Rexnord Corp., 6.05%, 2/15/26 | 2520000 | 2534938 |
| **Entertainment — 0.4%** |  |  |
| Warnermedia Holdings, Inc., 3.76%, 3/15/27 | 1388000 | 1355146 |
| Warnermedia Holdings, Inc., 3.76%, 3/15/27 | 1460000 | 1362488 |
|  |  | 2717634 |
| **Financial Services — 2.1%** |  |  |
| Antares Holdings LP, 2.75%, 1/15/27<sup>(1)</sup> | 2731000 | 2622202 |
| Atlas Warehouse Lending Co. LP, 6.05%, 1/15/28<sup>(1)</sup> | 1955000 | 1980144 |
| Deutsche Bank AG, VRN, 4.875%, 12/1/32 | 3878000 | 3837098 |
| Essent Group Ltd., 6.25%, 7/1/29 | 2010000 | 2082872 |
| Nationwide Building Society, VRN, 4.125%, 10/18/32<sup>(1)</sup> | 2076000 | 2030074 |
| NMI Holdings, Inc., 6.00%, 8/15/29 | 1600000 | 1643760 |
| Rocket Cos., Inc., 6.125%, 8/1/30<sup>(1)</sup> | 755000 | 769839 |
| Rocket Cos., Inc., 6.375%, 8/1/33<sup>(1)</sup> | 635000 | 650526 |
|  |  | 15616515 |
| **Food Products — 0.1%** |  |  |
| Mars, Inc., 4.60%, 3/1/28<sup>(1)</sup> | 869000 | 876245 |
| **Gas Utilities — 0.2%** |  |  |
| Excelerate Energy LP, 8.00%, 5/15/30<sup>(1)</sup> | 258000 | 272174 |
| Snam SpA, 5.00%, 5/28/30<sup>(1)</sup> | 940000 | 948302 |
|  |  | 1220476 |
| **Ground Transportation — 0.3%** |  |  |
| Ashtead Capital, Inc., 4.375%, 8/15/27<sup>(1)</sup> | 2200000 | 2191970 |
| **Health Care Equipment and Supplies — 0.3%** |  |  |
| Medline Borrower LP/Medline Co-Issuer, Inc., 6.25%, 4/1/29<sup>(1)</sup> | 1888000 | 1941872 |
| **Health Care Providers and Services — 1.1%** |  |  |
| IQVIA, Inc., 5.00%, 5/15/27<sup>(1)</sup> | 2250000 | 2243864 |
| IQVIA, Inc., 5.70%, 5/15/28 | 1425000 | 1462143 |
| Tenet Healthcare Corp., 6.25%, 2/1/27 | 2190000 | 2191284 |
| Universal Health Services, Inc., 1.65%, 9/1/26 | 2163000 | 2089053 |
|  |  | 7986344 |

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| | | |
|:---|:---|:---|
| **Hotel & Resort REITs — 0.4%** | | |
| Service Properties Trust, 5.25%, 2/15/26 | 1320000 | 1314758 |
| Service Properties Trust, 8.375%, 6/15/29 | 1320000 | 1373918 |
|  |  | 2688676 |
| **Hotels, Restaurants and Leisure — 0.7%** |  |  |
| Hyatt Hotels Corp., 5.75%, 1/30/27 | 651000 | 664652 |
| Hyatt Hotels Corp., 5.05%, 3/30/28 | 2500000 | 2527802 |
| International Game Technology PLC, 4.125%, 4/15/26<sup>(1)</sup> | 1850000 | 1850135 |
|  |  | 5042589 |
| **Household Durables — 0.3%** |  |  |
| Taylor Morrison Communities, Inc., 5.75%, 1/15/28<sup>(1)</sup> | 946000 | 960856 |
| TopBuild Corp., 3.625%, 3/15/29<sup>(1)</sup> | 1475000 | 1396468 |
|  |  | 2357324 |
| **Independent Power and Renewable Electricity Producers — 0.1%** |  |  |
| Greenko Wind Projects Mauritius Ltd., 7.25%, 9/27/28<sup>(1)</sup> | 1062000 | 1071413 |
| **Insurance — 2.4%** |  |  |
| Aspen Insurance Holdings Ltd., 5.75%, 7/1/30 | 2085000 | 2120432 |
| Athene Global Funding, 5.68%, 2/23/26<sup>(1)</sup> | 1900000 | 1913387 |
| Athene Global Funding, 5.62%, 5/8/26<sup>(1)</sup> | 1810000 | 1826559 |
| Athene Global Funding, 5.35%, 7/9/27<sup>(1)</sup> | 437000 | 443936 |
| F&G Annuities & Life, Inc., 6.50%, 6/4/29 | 2410000 | 2486278 |
| GA Global Funding Trust, 2.25%, 1/6/27<sup>(1)</sup> | 2650000 | 2559527 |
| GA Global Funding Trust, 4.40%, 9/23/27<sup>(1)</sup> | 1590000 | 1587453 |
| Global Atlantic Fin Co., 4.40%, 10/15/29<sup>(1)</sup> | 2000000 | 1942240 |
| Liberty Mutual Group, Inc., VRN, 4.125%, 12/15/51<sup>(1)</sup> | 2795000 | 2722647 |
|  |  | 17602459 |
| **IT Services — 0.4%** |  |  |
| Genpact Luxembourg SARL/Genpact USA, Inc., 6.00%, 6/4/29 | 844000 | 874031 |
| Kyndryl Holdings, Inc., 2.70%, 10/15/28 | 2485000 | 2347740 |
|  |  | 3221771 |
| **Leisure Products — 0.3%** |  |  |
| Mattel, Inc., 5.875%, 12/15/27<sup>(1)</sup> | 2270000 | 2277384 |
| **Life Sciences Tools and Services — 0.7%** |  |  |
| Illumina, Inc., 5.80%, 12/12/25 | 3590000 | 3605706 |
| Illumina, Inc., 4.65%, 9/9/26 | 1291000 | 1292874 |
|  |  | 4898580 |
| **Media — 1.6%** |  |  |
| CCO Holdings LLC/CCO Holdings Capital Corp., 5.125%, 5/1/27<sup>(1)</sup> | 2060000 | 2054784 |
| Lamar Media Corp., 3.75%, 2/15/28 | 1935000 | 1876992 |
| Nexstar Media, Inc., 5.625%, 7/15/27<sup>(1)</sup> | 3690000 | 3683748 |
| Sirius XM Radio LLC, 3.125%, 9/1/26<sup>(1)</sup> | 3205000 | 3146972 |
| TEGNA, Inc., 4.75%, 3/15/26<sup>(1)</sup> | 1434000 | 1432753 |
|  |  | 12195249 |
| **Metals and Mining — 0.2%** |  |  |
| CSN Inova Ventures, 6.75%, 1/28/28<sup>(1)</sup> | 1416000 | 1339781 |
| **Mortgage Real Estate Investment Trusts (REITs) — 0.3%** |  |  |
| Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 5.50%, 8/1/30<sup>(2)</sup> | 1147000 | 1155193 |
| Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 7.00%, 7/15/31<sup>(1)</sup> | 1140000 | 1192834 |
|  |  | 2348027 |
| **Oil, Gas and Consumable Fuels — 2.7%** |  |  |
| Blue Racer Midstream LLC/Blue Racer Finance Corp., 7.00%, 7/15/29<sup>(1)</sup> | 1350000 | 1409783 |
| Crescent Energy Finance LLC, 8.375%, 1/15/34<sup>(1)(2)</sup> | 531000 | 531695 |
| Enbridge, Inc., VRN, 6.00%, 1/15/77 | 3720000 | 3724205 |
| Encino Acquisition Partners Holdings LLC, 8.50%, 5/1/28<sup>(1)</sup> | 1650000 | 1696461 |
| Energy Transfer LP, 5.625%, 5/1/27<sup>(1)</sup> | 1550000 | 1553081 |

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| | | |
|:---|:---|:---|
| EOG Resources, Inc., 4.40%, 7/15/28<sup>(2)</sup> | 1141000 | 1147820 |
| Expand Energy Corp., 6.75%, 4/15/29<sup>(1)</sup> | 285000 | 288590 |
| Geopark Ltd., 8.75%, 1/31/30<sup>(1)</sup> | 855000 | 753067 |
| Gran Tierra Energy, Inc., 9.50%, 10/15/29<sup>(1)</sup> | 1561000 | 1189193 |
| Petroleos Mexicanos, 4.50%, 1/23/26 | 770000 | 760078 |
| Petroleos Mexicanos, 6.49%, 1/23/27 | 958000 | 953764 |
| Petroleos Mexicanos, 6.50%, 3/13/27 | 3121000 | 3101268 |
| Petroleos Mexicanos, 5.35%, 2/12/28 | 945000 | 908033 |
| Petroleos Mexicanos, 5.95%, 1/28/31 | 564000 | 510406 |
| SM Energy Co., 6.75%, 9/15/26 | 1492000 | 1493913 |
|  |  | 20021357 |
| **Passenger Airlines — 2.0%** |  |  |
| American Airlines, Series 2017-2, Class B, 3.70%, 4/15/27 | 1135417 | 1128624 |
| American Airlines Pass-Through Trust, Class A, 3.70%, 4/1/28 | 69093 | 67896 |
| American Airlines, Inc., 7.25%, 2/15/28<sup>(1)</sup> | 1495000 | 1527776 |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.50%, 4/20/26<sup>(1)</sup> | 3969610 | 3962982 |
| Delta Air Lines, Inc., 4.95%, 7/10/28 | 1170000 | 1177444 |
| Delta Air Lines, Inc., 3.75%, 10/28/29 | 2003000 | 1915396 |
| Delta Air Lines, Inc./SkyMiles IP Ltd., 4.50%, 10/20/25<sup>(1)</sup> | 175500 | 175099 |
| Grupo Aeromexico SAB de CV, 8.25%, 11/15/29<sup>(1)</sup> | 1630000 | 1605061 |
| Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., 6.50%, 6/20/27<sup>(1)</sup> | 3270114 | 3276448 |
|  |  | 14836726 |
| **Real Estate Management and Development — 0.1%** |  |  |
| First Industrial LP, 5.25%, 1/15/31 | 760000 | 769240 |
| **Semiconductors and Semiconductor Equipment — 0.9%** |  |  |
| Broadcom Corp./Broadcom Cayman Finance Ltd., 3.875%, 1/15/27 | 1950000 | 1937292 |
| Broadcom, Inc., 4.80%, 4/15/28 | 1905000 | 1932996 |
| Intel Corp., 4.875%, 2/10/26 | 1770000 | 1772884 |
| ON Semiconductor Corp., 3.875%, 9/1/28<sup>(1)</sup> | 1516000 | 1467820 |
|  |  | 7110992 |
| **Software — 0.4%** |  |  |
| AppLovin Corp., 5.125%, 12/1/29 | 2160000 | 2188743 |
| Synopsys, Inc., 4.65%, 4/1/28 | 1005000 | 1015433 |
|  |  | 3204176 |
| **Technology Hardware, Storage and Peripherals — 0.1%** |  |  |
| Hewlett Packard Enterprise Co., 4.40%, 9/25/27 | 1103000 | 1104385 |
| **Trading Companies and Distributors — 1.0%** |  |  |
| Aircastle Ltd., 6.50%, 7/18/28<sup>(1)</sup> | 2160000 | 2256138 |
| Aircastle Ltd., 5.95%, 2/15/29<sup>(1)</sup> | 765000 | 790709 |
| Herc Holdings, Inc., 5.50%, 7/15/27<sup>(1)</sup> | 1376000 | 1377218 |
| Herc Holdings, Inc., 7.00%, 6/15/30<sup>(1)</sup> | 2720000 | 2842352 |
|  |  | 7266417 |
| **TOTAL CORPORATE BONDS**<br>(Cost $318,981,433) |  | **322431657** |
| **U.S. TREASURY SECURITIES — 19.8%** |  |  |
| U.S. Treasury Notes, 4.50%, 5/15/27<sup>(3)</sup> | 400000 | 405328 |
| U.S. Treasury Notes, 3.875%, 10/15/27<sup>(3)</sup> | 900000 | 903270 |
| U.S. Treasury Notes, 4.25%, 2/15/28 | 20000000 | 20273438 |
| U.S. Treasury Notes, 3.875%, 3/15/28 | 73500000 | 73864629 |
| U.S. Treasury Notes, 3.875%, 6/15/28 | 9000000 | 9048164 |
| U.S. Treasury Notes, 4.625%, 9/30/28<sup>(3)</sup> | 9000000 | 9251367 |
| U.S. Treasury Notes, 3.75%, 12/31/28 | 11000000 | 11012461 |
| U.S. Treasury Notes, 4.125%, 3/31/29 | 23000000 | 23316250 |
| **TOTAL U.S. TREASURY SECURITIES**<br>(Cost $147,510,810) |  | **148074907** |

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| | | |
|:---|:---|:---|
| **COLLATERALIZED MORTGAGE OBLIGATIONS — 14.3%** | | |
| **Private Sponsor Collateralized Mortgage Obligations — 14.1%** | | |
| Angel Oak Mortgage Trust, Series 2019-5, Class A3, VRN, 2.92%, 10/25/49<sup>(1)</sup> | 645082 | 636941 |
| Angel Oak Mortgage Trust, Series 2020-2, Class A2, VRN, 3.86%, 1/26/65<sup>(1)</sup> | 779383 | 757269 |
| BRAVO Trust, Series 2025-SR1, Class A1, SEQ, 3.00%, 3/25/45<sup>(1)</sup> | 2560632 | 2461585 |
| Chase Home Lending Mortgage Trust, Series 2024-2, Class A6A, SEQ, VRN, 6.00%, 2/25/55<sup>(1)</sup> | 1992769 | 2002219 |
| Chase Home Lending Mortgage Trust, Series 2024-7, Class A4, VRN, 6.00%, 6/25/55<sup>(1)</sup> | 3208492 | 3241661 |
| Chase Home Lending Mortgage Trust, Series 2024-8, Class A6A, SEQ, VRN, 5.50%, 8/25/55<sup>(1)</sup> | 1093760 | 1092534 |
| Chase Home Lending Mortgage Trust, Series 2024-9, Class A4, VRN, 5.50%, 9/25/55<sup>(1)</sup> | 1823752 | 1830662 |
| Chase Home Lending Mortgage Trust, Series 2024-9, Class A6, SEQ, VRN, 5.50%, 9/25/55<sup>(1)</sup> | 762825 | 763231 |
| Chase Home Lending Mortgage Trust, Series 2025-2, Class A4, VRN, 6.00%, 12/25/55<sup>(1)</sup> | 2947083 | 2994505 |
| Chase Home Lending Mortgage Trust, Series 2025-5, Class A4A, VRN, 5.50%, 4/25/56<sup>(1)</sup> | 2737567 | 2748353 |
| Citigroup Mortgage Loan Trust, Series 2024-1, Class A7A, VRN, 6.00%, 7/25/54<sup>(1)</sup> | 1493430 | 1510963 |
| Citigroup Mortgage Loan Trust, Series 2024-CMI1, Class A11, VRN, 5.50%, 6/25/54<sup>(1)</sup> | 2524922 | 2530631 |
| Citigroup Mortgage Loan Trust, Series 2025-2, Class A10, VRN, 6.00%, 2/25/55<sup>(1)</sup> | 3848004 | 3895629 |
| GCAT Trust, Series 2024-INV3, Class A6, SEQ, VRN, 5.50%, 9/25/54<sup>(1)</sup> | 2372349 | 2382851 |
| GS Mortgage-Backed Securities Trust, Series 2024-PJ7, Class A7, SEQ, VRN, 5.50%, 11/25/54<sup>(1)</sup> | 2130809 | 2127854 |
| GS Mortgage-Backed Securities Trust, Series 2025-PJ5, Class A5, VRN, 5.50%, 10/25/55<sup>(1)</sup> | 2050024 | 2055089 |
| JP Morgan Mortgage Trust, Series 2023-6, Class A4, SEQ, VRN, 6.00%, 12/26/53<sup>(1)</sup> | 1653159 | 1671126 |
| JP Morgan Mortgage Trust, Series 2023-8, Class A4, SEQ, VRN, 6.00%, 2/25/54<sup>(1)</sup> | 3329587 | 3363847 |
| JP Morgan Mortgage Trust, Series 2024-1, Class A4, SEQ, VRN, 6.00%, 6/25/54<sup>(1)</sup> | 2414645 | 2437505 |
| JP Morgan Mortgage Trust, Series 2024-10, Class A4, VRN, 5.50%, 3/25/55<sup>(1)</sup> | 1554233 | 1558681 |
| JP Morgan Mortgage Trust, Series 2024-10, Class A6, SEQ, VRN, 5.50%, 3/25/55<sup>(1)</sup> | 2211081 | 2210052 |
| JP Morgan Mortgage Trust, Series 2024-11, Class A4, VRN, 6.00%, 4/25/55<sup>(1)</sup> | 2450978 | 2476290 |
| JP Morgan Mortgage Trust, Series 2024-11, Class A6, SEQ, VRN, 6.00%, 4/25/55<sup>(1)</sup> | 2255881 | 2271365 |
| JP Morgan Mortgage Trust, Series 2024-5, Class A6, SEQ, VRN, 6.00%, 11/25/54<sup>(1)</sup> | 1047829 | 1051005 |
| JP Morgan Mortgage Trust, Series 2024-6, Class A6, SEQ, VRN, 6.00%, 12/25/54<sup>(1)</sup> | 777801 | 781281 |
| JP Morgan Mortgage Trust, Series 2024-8, Class A6A, SEQ, VRN, 5.50%, 1/25/55<sup>(1)</sup> | 1601430 | 1603677 |
| JP Morgan Mortgage Trust, Series 2024-9, Class A6, SEQ, VRN, 5.50%, 2/25/55<sup>(1)</sup> | 1250712 | 1249660 |
| JP Morgan Mortgage Trust, Series 2024-INV1, Class A4, SEQ, VRN, 6.00%, 4/25/55<sup>(1)</sup> | 1460281 | 1477742 |
| JP Morgan Mortgage Trust, Series 2025-5MPR, Class A3, 6.16%, 11/25/55<sup>(1)</sup> | 3121800 | 3206793 |
| JP Morgan Mortgage Trust, Series 2025-CCM2, Class A4, SEQ, VRN, 6.00%, 9/25/55<sup>(1)</sup> | 4179289 | 4236803 |
| MFA Trust, Series 2023-NQM3, Class A1, SEQ, 6.62%, 7/25/68<sup>(1)</sup> | 1813793 | 1828324 |
| MFA Trust, Series 2024-NQM1, Class A2, SEQ, 6.83%, 3/25/69<sup>(1)</sup> | 1002478 | 1015355 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2024-3, Class A2, VRN, 6.00%, 7/25/54<sup>(1)</sup> | 1015360 | 1019939 |
| OBX Trust, Series 2022-NQM9, Class A2, 6.45%, 9/25/62<sup>(1)</sup> | 2028305 | 2027454 |
| OBX Trust, Series 2024-J1, Class A5, SEQ, VRN, 5.50%, 9/25/54<sup>(1)</sup> | 994298 | 996597 |
| OBX Trust, Series 2024-NQM10, Class A3, 6.43%, 5/25/64<sup>(1)</sup> | 525252 | 529938 |
| OBX Trust, Series 2024-NQM11, Class A3, 6.23%, 6/25/64<sup>(1)</sup> | 2107124 | 2121872 |
| OBX Trust, Series 2024-NQM7, Class A1, 6.24%, 3/25/64<sup>(1)</sup> | 1456395 | 1472380 |
| OBX Trust, Series 2024-NQM8, Class A1, 6.23%, 5/25/64<sup>(1)</sup> | 1298057 | 1313121 |
| OBX Trust, Series 2025-J1, Class A4, SEQ, VRN, 6.00%, 5/25/55<sup>(1)</sup> | 3656026 | 3707579 |
| Provident Funding Mortgage Trust, Series 2024-1, Class A3, VRN, 5.50%, 12/25/54<sup>(1)</sup> | 2411488 | 2420256 |
| Rate Mortgage Trust, Series 2024-J3, Class A8, SEQ, VRN, 5.50%, 10/25/54<sup>(1)</sup> | 3227157 | 3228391 |
| Sequoia Mortgage Trust, Series 2024-10, Class A11, VRN, 5.50%, 11/25/54<sup>(1)</sup> | 704530 | 704337 |
| Sequoia Mortgage Trust, Series 2024-10, Class A5, SEQ, VRN, 5.50%, 11/25/54<sup>(1)</sup> | 954530 | 957342 |
| Sequoia Mortgage Trust, Series 2024-8, Class A11, SEQ, VRN, 5.50%, 9/25/54<sup>(1)</sup> | 1717588 | 1715605 |
| Sequoia Mortgage Trust, Series 2024-8, Class A5, SEQ, VRN, 5.50%, 9/25/54<sup>(1)</sup> | 2134538 | 2139965 |
| Sequoia Mortgage Trust, Series 2024-9, Class A5, SEQ, VRN, 5.50%, 10/25/54<sup>(1)</sup> | 1282997 | 1286952 |
| Sequoia Mortgage Trust, Series 2025-5, Class A5, SEQ, VRN, 5.50%, 6/25/55<sup>(1)</sup> | 3859971 | 3880620 |
| Triangle Re Ltd., Series 2023-1, Class M1A, VRN, 7.71%, (30-day average SOFR plus 3.40%), 11/25/33<sup>(1)</sup> | 1169811 | 1183160 |
| Verus Securitization Trust, Series 2020-4, Class A3, SEQ, 3.32%, 5/25/65<sup>(1)</sup> | 106595 | 104927 |
| Verus Securitization Trust, Series 2024-4, Class A1, 6.22%, 6/25/69<sup>(1)</sup> | 1544830 | 1562668 |
| Verus Securitization Trust, Series 2024-4, Class A2, 6.57%, 6/25/69<sup>(1)</sup> | 1622084 | 1643783 |
| Verus Securitization Trust, Series 2024-5, Class A1, 6.19%, 6/25/69<sup>(1)</sup> | 1588726 | 1605391 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| Verus Securitization Trust, Series 2024-9, Class A3, 5.89%, 11/25/69<sup>(1)</sup> |  | 2800420 | 2811230 |
| Verus Securitization Trust, Series 2025-4, Class A3, 5.75%, 5/25/70<sup>(1)</sup> |  | 1341092 | 1347529 |
|  |  |  | 105252519 |
| **U.S. Government Agency Collateralized Mortgage Obligations — 0.2%** |  |  |  |
| FHLMC, Series 2022-DNA5, Class M1A, VRN, 7.26%, (30-day average SOFR plus 2.95%), 6/25/42<sup>(1)</sup> |  | 738942 | 755740 |
| FHLMC, Series 2022-DNA6, Class M1A, VRN, 6.46%, (30-day average SOFR plus 2.15%), 9/25/42<sup>(1)</sup> |  | 287154 | 289383 |
| FNMA, Series 2016-55, Class PI, IO, 4.00%, 8/25/46 |  | 1196962 | 210247 |
| FNMA, Series 2017-7, Class AI, IO, 6.00%, 2/25/47 |  | 776589 | 121057 |
| FNMA, Series 413, Class C27, IO, 4.00%, 7/25/42 |  | 1136573 | 159672 |
|  |  |  | 1536099 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS**<br>(Cost $105,862,835) |  |  | **106788618** |
| **CONVERTIBLE PREFERRED SECURITIES — 7.4%** |  |  |  |
| **Banks — 6.3%** |  |  |  |
| Australia & New Zealand Banking Group Ltd., 6.75%<sup>(1)</sup> |  | 2613000 | 2647499 |
| Banco Bilbao Vizcaya Argentaria SA, 6.125% |  | 3800000 | 3731534 |
| Banco Mercantil del Norte SA, 5.875%<sup>(1)</sup> |  | 691000 | 671643 |
| Banco Santander SA, 4.75% |  | 2800000 | 2721400 |
| Barclays PLC, 6.125% |  | 3710000 | 3716051 |
| BNP Paribas SA, 4.625%<sup>(1)</sup> |  | 3847000 | 3746147 |
| Credit Agricole SA, 8.125%<sup>(1)</sup> |  | 1960000 | 1986156 |
| Danske Bank AS, 4.375% |  | 3853000 | 3796698 |
| HSBC Holdings PLC, 6.00% |  | 3795000 | 3800649 |
| ING Groep NV, 5.75% |  | 3775000 | 3757400 |
| Intesa Sanpaolo SpA, 7.70%<sup>(1)</sup> |  | 2925000 | 2937709 |
| Lloyds Banking Group PLC, 7.50% |  | 1490000 | 1497726 |
| Macquarie Bank Ltd., 6.125%<sup>(1)</sup> |  | 1837000 | 1847105 |
| NatWest Group PLC, 8.00% |  | 1335000 | 1343382 |
| NatWest Group PLC, 6.00% |  | 1080000 | 1080926 |
| Nordea Bank Abp, 6.625%<sup>(1)</sup> |  | 2660000 | 2681945 |
| Skandinaviska Enskilda Banken AB, 6.875% |  | 1600000 | 1632662 |
| Societe Generale SA, 4.75%<sup>(1)</sup> |  | 2695000 | 2661702 |
| Societe Generale SA, 9.375%<sup>(1)</sup> |  | 520000 | 553134 |
|  |  |  | 46811468 |
| **Capital Markets — 0.8%** |  |  |  |
| Deutsche Bank AG, 6.00% |  | 2400000 | 2395068 |
| UBS Group AG, 9.25%<sup>(1)</sup> |  | 3510000 | 3839849 |
|  |  |  | 6234917 |
| **Insurance — 0.3%** |  |  |  |
| Allianz SE, 3.50%<sup>(1)</sup> |  | 2200000 | 2168445 |
| **TOTAL CONVERTIBLE PREFERRED SECURITIES**<br>(Cost $54,667,413) |  |  | **55214830** |
| **ASSET-BACKED SECURITIES — 5.8%** |  |  |  |
| ACM Auto Trust, Series 2023-2A, Class B, 9.85%, 6/20/30<sup>(1)</sup> |  | 3145985 | 3202242 |
| Affirm Asset Securitization Trust, Series 2024-X1, Class A, SEQ, 6.27%, 5/15/29<sup>(1)</sup> |  | 127471 | 127579 |
| BHG Securitization Trust, Series 2025-1CON, Class B, 5.26%, 4/17/36<sup>(1)</sup> |  | 2281000 | 2301185 |
| Blackbird Capital II Aircraft Lease Ltd., Series 2021-1A, Class B, 3.45%, 7/15/46<sup>(1)</sup> |  | 1172568 | 1101200 |
| Castlelake Aircraft Securitization Trust, Series 2018-1, Class A, SEQ, 4.125%, 6/15/43<sup>(1)</sup> |  | 577298 | 561226 |
| College Avenue Student Loans LLC, Series 2019-A, Class C, 4.46%, 12/28/48<sup>(1)</sup> |  | 3010991 | 2944702 |
| Cologix Canadian Issuer LP, Series 2022-1CAN, Class C, 7.74%, 1/25/52<sup>(1)</sup> | CAD | 1850000 | 1318306 |
| Concord Music Royalties LLC, Series 2024-1A, Class A, SEQ, 5.64%, 10/20/74<sup>(1)</sup> |  | 4087000 | 4106359 |
| DataBank Issuer LLC, Series 2023-1A, Class A2, SEQ, 5.12%, 2/25/53<sup>(1)</sup> |  | 2482000 | 2479265 |
| Diamond Resorts Owner Trust, Series 2021-1A, Class C, 2.70%, 11/21/33<sup>(1)</sup> |  | 140625 | 139876 |
| Flexential Issuer, Series 2021-1A, Class A2, SEQ, 3.25%, 11/27/51<sup>(1)</sup> |  | 2000000 | 1936635 |
| GAIA Aviation Ltd., Series 2019-1, Class A, 3.97%, 12/15/44<sup>(1)</sup> |  | 378449 | 365604 |

---

------

---

| | | |
|:---|:---|:---|
| GS Mortgage-Backed Securities Trust, Series 2024-HE1, Class A1, VRN, 5.91%, (30-day average SOFR plus 1.60%), 8/25/54<sup>(1)</sup> | 1116347 | 1117180 |
| Hilton Grand Vacations Trust, Series 2019-AA, Class A, SEQ, 2.34%, 7/25/33<sup>(1)</sup> | 2474907 | 2432905 |
| Hilton Grand Vacations Trust, Series 2024-2A, Class D, 6.91%, 3/25/38<sup>(1)</sup> | 735851 | 755506 |
| Lyra Music Assets Delaware LP, Series 2024-2A, Class A2, SEQ, 5.76%, 12/22/64<sup>(1)</sup> | 2483436 | 2497517 |
| Mission Lane Credit Card Master Trust, Series 2025-B, Class C, 5.41%, 9/15/31<sup>(1)(2)</sup> | 1408000 | 1407937 |
| New Economy Assets - Phase 1 Sponsor LLC, Series 2021-1, Class B1, 2.41%, 10/20/61<sup>(1)</sup> | 2500000 | 2295840 |
| NP SPE II LLC, Series 2019-1A, Class A1, SEQ, 2.57%, 9/20/49<sup>(1)</sup> | 616551 | 604733 |
| RCKT Mortgage Trust, Series 2024-CES3, Class A1A, VRN, 6.59%, 5/25/44<sup>(1)</sup> | 543678 | 551153 |
| RCKT Mortgage Trust, Series 2024-CES4, Class A3, SEQ, 6.67%, 6/25/44<sup>(1)</sup> | 2675000 | 2710487 |
| Slam Ltd., Series 2021-1A, Class B, 3.42%, 6/15/46<sup>(1)</sup> | 1312500 | 1222711 |
| Uniti Fiber ABS Issuer LLC, Series 2025-1A, Class B, 6.37%, 4/20/55<sup>(1)</sup> | 1993738 | 2035537 |
| VB-S1 Issuer LLC, Series 2022-1A, Class D, 4.29%, 2/15/52<sup>(1)</sup> | 2500000 | 2392466 |
| Vista Point Securitization Trust, Series 2024-CES1, Class A1, 6.68%, 5/25/54<sup>(1)</sup> | 1686450 | 1709105 |
| Wireless PropCo Funding LLC, Series 2025-1A, Class A2, SEQ, 4.07%, 6/25/55<sup>(1)</sup> | 1110265 | 1063426 |
| **TOTAL ASSET-BACKED SECURITIES**<br>(Cost $43,296,770) |  | **43380682** |
| **COMMERCIAL MORTGAGE-BACKED SECURITIES — 3.9%** |  |  |
| Bank, Series 2018-BN15, Class D, 3.00%, 11/15/61<sup>(1)</sup> | 462000 | 382893 |
| Bank, Series 2019-BN17, Class D, 3.00%, 4/15/52<sup>(1)</sup> | 612000 | 517318 |
| BBCMS Mortgage Trust, Series 2019-BWAY, Class D, VRN, 6.59%, (1-month SOFR plus 2.27%), 11/15/34<sup>(1)(4)(5)</sup> | 1683000 | 14726 |
| BBCMS Mortgage Trust, Series 2019-BWAY, Class E, VRN, 7.28%, (1-month SOFR plus 2.96%), 11/15/34<sup>(1)(4)(5)</sup> | 1581000 | 5929 |
| Benchmark Mortgage Trust, Series 2018-B5, Class B, 4.57%, 7/15/51 | 921010 | 860548 |
| Benchmark Mortgage Trust, Series 2018-B5, Class D, VRN, 3.25%, 7/15/51<sup>(1)</sup> | 834000 | 643565 |
| Benchmark Mortgage Trust, Series 2019-B13, Class D, 2.50%, 8/15/57<sup>(1)</sup> | 463000 | 262319 |
| Credit Suisse Mortgage Trust, Series 2021-BHAR, Class A, VRN, 5.58%, (1-month SOFR plus 1.26%), 11/15/38<sup>(1)</sup> | 799000 | 796409 |
| Credit Suisse Mortgage Trust, Series 2021-BHAR, Class B, VRN, 5.93%, (1-month SOFR plus 1.61%), 11/15/38<sup>(1)</sup> | 1726000 | 1722147 |
| ELP Commercial Mortgage Trust, Series 2021-ELP, Class B, VRN, 5.55%, (1-month SOFR plus 1.23%), 11/15/38<sup>(1)</sup> | 644250 | 643727 |
| Extended Stay America Trust, Series 2021-ESH, Class D, VRN, 6.68%, (1-month SOFR plus 2.36%), 7/15/38<sup>(1)</sup> | 3072381 | 3079549 |
| Extended Stay America Trust, Series 2021-ESH, Class E, VRN, 7.28%, (1-month SOFR plus 2.96%), 7/15/38<sup>(1)</sup> | 1372364 | 1377595 |
| Life Mortgage Trust, Series 2021-BMR, Class D, VRN, 5.83%, (1-month SOFR plus 1.51%), 3/15/38<sup>(1)</sup> | 2180500 | 2165087 |
| Morgan Stanley Capital I Trust, Series 2018-H3, Class D, 3.00%, 7/15/51<sup>(1)</sup> | 437000 | 366797 |
| Morgan Stanley Capital I Trust, Series 2018-L1, Class D, 3.00%, 10/15/51<sup>(1)</sup> | 769000 | 630224 |
| SCG Mortgage Trust, Series 2024-MSP, Class B, VRN, 6.75%, (1-month SOFR plus 2.44%), 4/15/41<sup>(1)</sup> | 2564000 | 2567517 |
| SHR Trust, Series 2024-LXRY, Class B, VRN, 6.76%, (1-month SOFR plus 2.45%), 10/15/41<sup>(1)</sup> | 2171000 | 2174596 |
| SMRT Commercial Mortgage Trust, Series 2022-MINI, Class B, VRN, 5.66%, (1-month SOFR plus 1.35%), 1/15/39<sup>(1)</sup> | 1000000 | 991954 |
| SWCH Commercial Mortgage Trust, Series 2025-DATA, Class A, VRN, 5.75%, (1-month SOFR plus 1.44%), 2/15/42<sup>(1)</sup> | 2250000 | 2237070 |
| THPT Mortgage Trust, Series 2023-THL, Class B, VRN, 7.92%, 12/10/34<sup>(1)</sup> | 2990000 | 3023868 |
| UBS Commercial Mortgage Trust, Series 2018-C14, Class B, VRN, 5.10%, 12/15/51 | 1929000 | 1868575 |
| UBS Commercial Mortgage Trust, Series 2018-C15, Class D, VRN, 5.31%, 12/15/51<sup>(1)</sup> | 381000 | 344723 |
| WB Commercial Mortgage Trust, Series 2024-HQ, Class A, SEQ, VRN, 6.13%, 3/15/40<sup>(1)</sup> | 1939000 | 1947278 |
| Wells Fargo Commercial Mortgage Trust, Series 2017-C41, Class D, VRN, 2.60%, 11/15/50<sup>(1)</sup> | 393000 | 330361 |
| Wells Fargo Commercial Mortgage Trust, Series 2020-C55, Class D, 2.50%, 2/15/53<sup>(1)</sup> | 470000 | 305945 |
| **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES**<br>(Cost $31,966,515) |  | **29260720** |
| **PREFERRED SECURITIES — 3.5%** |  |  |
| **Banks — 1.3%** |  |  |
| Citigroup, Inc., 3.875% | 2377000 | 2350218 |
| Citigroup, Inc., 4.00% | 1476000 | 1469288 |
| Citizens Financial Group, Inc., 5.65% | 2305000 | 2309782 |
| Comerica, Inc., 5.625% | 1520000 | 1520000 |

---

------

---

| | | |
|:---|:---|:---|
| Fifth Third Bancorp, 4.50% | 2300000 | 2295144 |
| M&T Bank Corp., 5.125% | 73000 | 72800 |
|  |  | 10017232 |
| **Capital Markets — 0.4%** |  |  |
| Charles Schwab Corp., 4.00% | 1316000 | 1297882 |
| Goldman Sachs Group, Inc., 7.38% | 1360000 | 1367545 |
|  |  | 2665427 |
| **Consumer Finance — 0.5%** |  |  |
| Ally Financial, Inc., 4.70% | 2045000 | 1980865 |
| American Express Co., 3.55% | 1710000 | 1674339 |
|  |  | 3655204 |
| **Electric Utilities — 0.2%** |  |  |
| Edison International, 5.375% | 1842000 | 1738888 |
| **Multi-Utilities — 0.3%** |  |  |
| Sempra, 4.875% | 1999000 | 1995756 |
| **Oil, Gas and Consumable Fuels — 0.5%** |  |  |
| Energy Transfer LP, 6.50% | 3750000 | 3776130 |
| **Trading Companies and Distributors — 0.3%** |  |  |
| Aircastle Ltd., 5.25%<sup>(1)</sup> | 2135000 | 2118562 |
| **TOTAL PREFERRED SECURITIES**<br>(Cost $25,655,571) |  | **25967199** |
| **COLLATERALIZED LOAN OBLIGATIONS — 2.9%** |  |  |
| Arbor Realty Commercial Real Estate Notes Ltd., Series 2021-FL4, Class A, VRN, 5.78%, (1-month SOFR plus 1.46%), 11/15/36<sup>(1)</sup> | 821599 | 822259 |
| BSPRT Issuer Ltd., Series 2023-FL10, Class A, VRN, 6.57%, (1-month SOFR plus 2.26%), 9/15/35<sup>(1)</sup> | 1726279 | 1729551 |
| Cook Park CLO Ltd., Series 2018-1A, Class C, VRN, 6.29%, (3-month SOFR plus 2.01%), 4/17/30<sup>(1)</sup> | 2000000 | 2005530 |
| Dryden 30 Senior Loan Fund, Series 2013-30A, Class CR, VRN, 6.29%, (3-month SOFR plus 1.96%), 11/15/28<sup>(1)</sup> | 1775000 | 1780619 |
| HGI CRE CLO Ltd., Series 2021-FL1, Class AS, VRN, 5.83%, (1-month SOFR plus 1.51%), 6/16/36<sup>(1)</sup> | 3042000 | 3034168 |
| KKR CLO 10 Ltd., Series 10, Class BR, VRN, 6.28%, (3-month SOFR plus 1.96%), 9/15/29<sup>(1)</sup> | 546853 | 547435 |
| Mountain View CLO LLC, Series 2017-2A, Class B, VRN, 6.22%, (3-month SOFR plus 1.96%), 1/16/31<sup>(1)</sup> | 2000000 | 2006638 |
| PFP Ltd., Series 2022-9, Class A, VRN, 6.59%, (1-month SOFR plus 2.27%), 8/19/35<sup>(1)</sup> | 758345 | 759759 |
| Ready Capital Mortgage Financing LLC, Series 2023-FL11, Class A, VRN, 6.69%, (1-month SOFR plus 2.37%), 10/25/39<sup>(1)</sup> | 659474 | 664067 |
| Sixth Street CLO VIII Ltd., Series 2017-8A, Class BR2, VRN, 6.07%, (3-month SOFR plus 1.80%), 10/20/34<sup>(1)</sup> | 2925000 | 2929387 |
| Stewart Park CLO Ltd., Series 2015-1A, Class CR, VRN, 6.32%, (3-month SOFR plus 2.06%), 1/15/30<sup>(1)</sup> | 1500000 | 1504141 |
| Trimaran CAVU Ltd., Series 2019-1A, Class CR, VRN, 6.22%, (3-month SOFR plus 1.95%), 1/20/37<sup>(1)</sup> | 2825000 | 2837320 |
| TRTX Issuer Ltd., Series 2021-FL4, Class A, VRN, 5.63%, (1-month SOFR plus 1.31%), 3/15/38<sup>(1)</sup> | 1126070 | 1124578 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS**<br>(Cost $21,470,104) |  | **21745452** |
| **BANK LOAN OBLIGATIONS**<sup>(6)</sup> **— 0.4%** |  |  |
| **Aerospace and Defense — 0.1%** |  |  |
| TransDigm, Inc., 2024 Term Loan I, 7.05%, (3-month SOFR plus 2.75%), 8/24/28 | 992462 | 997087 |
| **Passenger Airlines — 0.1%** |  |  |
| American Airlines, Inc., 2024 1st Lien Term Loan B, 6.50%, (6-month SOFR plus 2.25%), 2/15/28 | 470450 | 466616 |
| **Pharmaceuticals — 0.2%** |  |  |
| Elanco Animal Health, Inc., Term Loan B, 6.17%, (1-month SOFR plus 1.75%), 8/1/27 | 1703740 | 1704175 |
| **TOTAL BANK LOAN OBLIGATIONS**<br>(Cost $3,164,179) |  | **3167878** |
| **SOVEREIGN GOVERNMENTS AND AGENCIES — 0.3%** |  |  |
| **Brazil — 0.3%** |  |  |
| Brazil Government International Bonds, 5.50%, 11/6/30<br>(Cost $1,785,333) | 1800000 | **1805940** |
| **SHORT-TERM INVESTMENTS — 0.8%** |  |  |
| **Money Market Funds — 0.0%** |  |  |
| State Street Institutional U.S. Government Money Market Fund, Premier Class | 88367 | 88367 |

---

------

---

| | |
|:---|:---|
| **Repurchase Agreements — 0.8%** | |
| BMO Capital Markets Corp., (collateralized by various U.S. Treasury obligations, 3.75%, 12/31/28, valued at $717,281), in a joint trading account at 4.35%, dated 6/30/25, due 7/1/25 (Delivery value $703,192) | 703107 |
| Fixed Income Clearing Corp., (collateralized by various U.S. Treasury obligations, 4.00%, 12/15/27, valued at $5,556,095), at 4.39%, dated 6/30/25, due 7/1/25 (Delivery value $5,447,664) | 5447000 |
|  | 6150107 |
| **TOTAL SHORT-TERM INVESTMENTS**<br>(Cost $6,238,474) | **6238474** |
| **TOTAL INVESTMENT SECURITIES — 102.2%**<br>(Cost $760,599,437) | **764076357** |
| **OTHER ASSETS AND LIABILITIES — (2.2)%** | **(16339043)** |
| **TOTAL NET ASSETS — 100.0%** | $**747737314** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** | **FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS** |
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement Date** | **Unrealized Appreciation <br>(Depreciation)** |
| USD | 1326630 | CAD | 1798228 | Citibank NA | 9/17/25 | $1013 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** |
| **Reference Entity** | **Contracts** | **Expiration <br>Date** | **Notional <br>Amount** | **Unrealized <br>Appreciation <br>(Depreciation)^** |
| U.S. Treasury 2-Year Notes | 540 | September 2025 | $112332657 | $358002 |
| U.S. Treasury 5-Year Notes | 240 | September 2025 | 26160000 | 146384 |
|  |  |  | $138492657 | $504386 |

---

^Amount represents value and unrealized appreciation (depreciation).

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** |
| **Reference Entity** | **Contracts** | **Expiration <br>Date** | **Notional <br>Amount** | **Unrealized <br>Appreciation <br>(Depreciation)^** |
| U.S. Treasury Long Bonds | 3 | September 2025 | $346406 | $(10600) |

---

^Amount represents value and unrealized appreciation (depreciation).

---

| | | |
|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS** | **NOTES TO SCHEDULE OF INVESTMENTS** | **NOTES TO SCHEDULE OF INVESTMENTS** |
| CAD | – | Canadian Dollar |
| FHLMC | – | Federal Home Loan Mortgage Corp. |
| FNMA | – | Federal National Mortgage Association |
| IO | – | Interest Only |
| SEQ | – | Sequential Payer |
| SOFR | – | Secured Overnight Financing Rate |
| USD | – | United States Dollar |
| VRN | – | Variable Rate Note. The rate adjusts periodically based upon the terms set forth in the security's offering documents. The rate shown is effective at the period end and the reference rate and spread, if any, is indicated. The security's effective maturity date may be shorter than the final maturity date shown. |

---

(1)Security was purchased pursuant to Rule 144A or Section 4(2) under the Securities Act of 1933 and may be sold in transactions exempt from registration, normally to qualified institutional investors. The aggregate value of these securities at the period end was $359,835,558, which represented 48.1% of total net assets.

(2)When-issued security. The issue price and yield are fixed on the date of the commitment, but payment and delivery are scheduled for a future date.

(3)Security, or a portion thereof, has been pledged at the custodian bank or with a broker for collateral requirements on forward foreign currency exchange contracts and/or futures contracts. At the period end, the aggregate value of securities pledged was $1,040,157.

(4)Security is in default.

(5)Non-income producing.

(6)The interest rate on a bank loan obligation adjusts periodically based on a predetermined schedule. Rate or range of rates shown is effective at period end. The maturity date on a bank loan obligation may be less than indicated as a result of contractual or optional prepayments. These prepayments cannot be predicted with certainty.

------

**SUPPLEMENTARY NOTES TO SCHEDULE OF INVESTMENTS** 

**1. Investment Valuations**

The fund determines the fair value of its investments and computes its net asset value (NAV) per share at the close of regular trading (usually 4 p.m. Eastern time) on the New York Stock Exchange (NYSE) on each day the NYSE is open. The value of investments of the fund is determined by American Century Investment Management, Inc. (ACIM) (the investment advisor), as the valuation designee, pursuant to its valuation policies and procedures. The Board of Trustees oversees the valuation designee and reviews its valuation policies and procedures at least annually.

Fixed income securities are valued at the evaluated mean as provided by independent pricing services or at the mean of the most recent bid and asked prices as provided by investment dealers. Corporate bonds, U.S. Treasury and Government Agency securities, bank loan obligations, and sovereign governments and agencies are valued using market models that consider trade data, quotations from dealers and active market makers, relevant yield curve and spread data, creditworthiness, trade data or market information on comparable securities, and other relevant security specific information. Mortgage-related and asset-backed securities are valued based on models that consider trade data, prepayment and default projections, benchmark yield and spread data and estimated cash flows of each tranche of the issuer. Collateralized loan obligations are valued based on discounted cash flow models that consider trade and economic data, prepayment assumptions and default projections.

Equity securities that are listed or traded on a domestic securities exchange are valued at the last reported sales price or at the official closing price as provided by the exchange. Equity securities traded on foreign securities exchanges are generally valued at the closing price of such securities on the exchange where primarily traded or at the close of the NYSE, if that is earlier. If no last sales price is reported, or if local convention or regulation so provides, the mean of the latest bid and asked prices may be used. Securities traded over-the-counter are valued at the mean of the latest bid and asked prices, the last sales price, or the official closing price.

Hybrid securities are valued at the evaluated mean as provided by independent pricing services or at the mean of the most recent bid and asked prices as provided by investment dealers. Preferred securities and convertible preferred securities with perpetual maturities are valued using market models that consider trade data, quotations from dealers and active market makers, relevant yield curve and spread data, creditworthiness, trade data or market information on comparable securities, and other relevant security specific information.

Open-end management investment companies are valued at the reported NAV per share. Repurchase agreements are valued at cost, which approximates fair value. Exchange-traded futures contracts are valued at the settlement price as provided by the appropriate exchange. Swap agreements are valued at an evaluated mean as provided by independent pricing services or independent brokers. Forward foreign currency exchange contracts are valued at the mean of the appropriate forward exchange rate at the close of the NYSE as provided by an independent pricing service.

If the valuation designee determines that the market price for a portfolio security is not readily available or is believed by the valuation designee to be unreliable, such security is valued at fair value as determined in good faith by the valuation designee, in accordance with its policies and procedures. Circumstances that may cause the fund to determine that market quotations are not available or reliable include, but are not limited to: when there is a significant event subsequent to the market quotation; trading in a security has been halted during the trading day; or trading in a security is insufficient or did not take place due to a closure or holiday.

The valuation designee monitors for significant events occurring after the close of an investment's primary exchange but before the fund's NAV per share is determined. Significant events may include, but are not limited to: corporate announcements and transactions; regulatory news, governmental action and political unrest that could impact a specific investment or an investment sector; or armed conflicts, natural disasters and similar events that could affect investments in a specific country or region. The valuation designee also monitors for significant fluctuations between domestic and foreign markets, as evidenced by the U.S. market or such other indicators that it deems appropriate. The valuation designee may apply a model-derived factor to the closing price of equity securities traded on foreign securities exchanges. The factor is based on observable market data as provided by an independent pricing service.

**2. Fair Value Measurements**

The fund's investments valuation process is based on several considerations and may use multiple inputs to determine the fair value of the investments held by the fund. In conformity with accounting principles generally accepted in the United States of America, the inputs used to determine a valuation are classified into three broad levels.

• Level 1 valuation inputs consist of unadjusted quoted prices in an active market for identical investments.

• Level 2 valuation inputs consist of direct or indirect observable market data (including quoted prices for comparable investments, evaluations of subsequent market events, interest rates, prepayment speeds, credit risk, etc.). These inputs also consist of quoted prices for identical investments initially expressed in local currencies that are adjusted through translation into U.S. dollars.

• Level 3 valuation inputs consist of unobservable data (including a fund's own assumptions).

The level classification is based on the lowest level input that is significant to the fair valuation measurement. The valuation inputs are not necessarily an indication of the risks associated with investing in these securities or other financial instruments.

------

The following is a summary of the level classifications as of period end. The Schedule of Investments provides additional information on the fund's portfolio holdings.

---

| | | | |
|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** |
| **Assets** |  |  |  |
| **Investment Securities** |  |  |  |
| Corporate Bonds |  | $322431657 |  |
| U.S. Treasury Securities |  | 148074907 |  |
| Collateralized Mortgage Obligations |  | 106788618 |  |
| Convertible Preferred Securities |  | 55214830 |  |
| Asset-Backed Securities |  | 43380682 |  |
| Commercial Mortgage-Backed Securities |  | 29260720 |  |
| Preferred Securities |  | 25967199 |  |
| Collateralized Loan Obligations |  | 21745452 |  |
| Bank Loan Obligations |  | 3167878 |  |
| Sovereign Governments and Agencies |  | 1805940 |  |
| Short-Term Investments | $88367 | 6150107 |  |
|  | $88367 | $763987990 |  |
| **Other Financial Instruments** |  |  |  |
| Futures Contracts | $504386 |  |  |
| Forward Foreign Currency Exchange Contracts |  | $1013 |  |
|  | $504386 | $1013 |  |
| **Liabilities** |  |  |  |
| **Other Financial Instruments** |  |  |  |
| Futures Contracts | $10600 |  |  |

---

*This schedule of investments provides information about the fund's portfolio holdings as of the date on the schedule. It is unaudited, and American Century Investments assumes no obligation to update or supplement the schedule to reflect subsequent changes. More information is available in the fund's most recent annual or semiannual shareholder report.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** American Century Investment Trust

- **b. Investment Company Act file number:** 811-07822

- **c. CIK number of Registrant:** 0000908406

- **d. LEI of Registrant:** 549300RGSU9J1L1HFF90

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

  - **Street Address 1:** 4500 Main St

  - **City:** Kansas City

  - **State:** MO

  - **Foreign country:** US

  - **Zip / Postal Code:** 64111

  - **Telephone number:** 816-531-5575

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

- **a. Name of Series:** Short Duration Strategic Income Fund

- **b. EDGAR series identifier (if any):** S000046093

- **c. LEI of Series:** 549300QPYXNQEHM2HI70

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

- **a. Date of fiscal year-end:** 2026-03-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $777267045.40

**Total Liabilities:** $9603585.97

**Net Assets:** $767663459.43

**Cash Not Reported:** $14146.86

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 2014.000000000000 | **1-Year:** 19016.000000000000 | **5-Year:** 34126.000000000000 | **10-Year:** 10799.000000000000 | **30-Year:** 32622.000000000000

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

- **3-Month:** 195.000000000000 | **1-Year:** 7791.000000000000 | **5-Year:** 9719.000000000000 | **10-Year:** 1711.000000000000 | **30-Year:** 8899.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000144162 | 0.63%                | 0.18%                | 0.96%                |
| Class ID C000144163 | 0.64%                | 0.19%                | 0.86%                |
| Class ID C000144164 | 0.61%                | 0.05%                | 0.94%                |
| Class ID C000144165 | 0.55%                | -0.02%               | 0.88%                |
| Class ID C000144166 | 0.48%                | 0.14%                | 0.92%                |
| Class ID C000144167 | 0.54%                | 0.20%                | 0.98%                |
| Class ID C000189693 | 0.52%                | 0.19%                | 0.97%                |
| Class ID C000189694 | 0.64%                | 0.08%                | 0.98%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $420970.83               | $-293012.50                                |
| Month 2  | $416321.22               | $-804420.23                                |
| Month 3  | $93784.91                | $3577499.74                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CITIBANK N.A.                                                             | SOLD CAD/BOUGHT USD                                                                       | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $1012.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Blackbird Capital II Aircraft Lease Ltd                                   | Blackbird Capital II Aircraft Lease Ltd 3.45                                              | CUSIP: 09229CAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1172568 | PA      | $1101199.47   | 0.14%             | 2046-07-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                                            | Blackstone Private Credit Fund 7.05 09/29/2025                                            | CUSIP: 09261HBA4<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |   1835000 | PA      | $1845212.93   | 0.24%             | 2025-09-29      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                                            | Blackstone Private Credit Fund 7.30 11/27/2028                                            | CUSIP: 09261HBC0<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    957000 | PA      | $1021005.33   | 0.13%             | 2028-11-27      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                                            | Blackstone Private Credit Fund 5.95 07/16/2029                                            | CUSIP: 09261HBN6<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    880000 | PA      | $897144.98    | 0.12%             | 2029-07-16      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Blue Racer Midstream LLC / Blue Racer Finance Corp                        | Blue Racer Midstream LLC / Blue Racer Finance Corp 7.00 07/15/2029                        | CUSIP: 095796AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1409783.35   | 0.18%             | 2029-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Blue Owl Technology Finance Corp                                          | Blue Owl Technology Finance Corp 6.10 03/15/2028                                          | CUSIP: 095924AA4<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |   1478000 | PA      | $1486412.58   | 0.19%             | 2028-03-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                            | BNP Paribas SA 4.38 03/01/2033                                                            | CUSIP: 09659T2A8<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    527000 | PA      | $516642.38    | 0.07%             | 2033-03-01      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| Boeing Co/The                                                             | Boeing Co/The 2.20 02/04/2026                                                             | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2320000 | PA      | $2284117.77   | 0.30%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Boeing Co/The                                                             | Boeing Co/The 6.30 05/01/2029                                                             | CUSIP: 097023DQ5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    994000 | PA      | $1051130.96   | 0.14%             | 2029-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Braskem Netherlands Finance BV                                            | Braskem Netherlands Finance BV 4.50 01/10/2028                                            | CUSIP: 10554TAB1<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |   1472000 | PA      | $1269086.08   | 0.17%             | 2028-01-10      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BRAVO Trust 2025-SR1                                                      | BRAVO Trust 2025-SR1 3.00                                                                 | CUSIP: 10567UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2620993 | PA      | $2519611.87   | 0.33%             | 2045-03-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Brazilian Government International Bond                                   | Brazilian Government International Bond 5.50 11/06/2030                                   | CUSIP: 105756CM0<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   1800000 | PA      | $1805940.00   | 0.24%             | 2030-11-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Broadcom Corp / Broadcom Cayman Finance Ltd                               | Broadcom Corp / Broadcom Cayman Finance Ltd 3.88 01/15/2027                               | CUSIP: 11134LAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1937292.67   | 0.25%             | 2027-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                              | Broadcom Inc 4.80 04/15/2028                                                              | CUSIP: 11135FCE9<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1905000 | PA      | $1932995.69   | 0.25%             | 2028-04-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CCO Holdings LLC / CCO Holdings Capital Corp                              | CCO Holdings LLC / CCO Holdings Capital Corp 5.13 05/01/2027                              | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2060000 | PA      | $2054784.14   | 0.27%             | 2027-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CSN Inova Ventures                                                        | CSN Inova Ventures 6.75 01/28/2028                                                        | CUSIP: 12642KAB0<br>LEI: 222100R8R68DM7VM3661 | Long             | DBT              | CORP              | BR        |   1416000 | PA      | $1339780.64   | 0.17%             | 2028-01-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CSMC 2021-BHAR                                                            | CSMC 2021-BHAR 5.58                                                                       | CUSIP: 12659VAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    799000 | PA      | $796408.52    | 0.10%             | 2038-11-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| CSMC 2021-BHAR                                                            | CSMC 2021-BHAR 5.93                                                                       | CUSIP: 12659VAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1726000 | PA      | $1722147.40   | 0.22%             | 2038-11-15      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Securitization Trust 2018-1                           | Castlelake Aircraft Securitization Trust 2018-1 4.13                                      | CUSIP: 14856CAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    577298 | PA      | $561225.49    | 0.07%             | 2043-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Celanese US Holdings LLC                                                  | Celanese US Holdings LLC 6.42 07/15/2027                                                  | CUSIP: 15089QAM6<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    602000 | PA      | $623821.76    | 0.08%             | 2027-07-15      | Fixed         | 6.42%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Tr                                            | Chase Home Lending Mortgage Trust Series 2024-7 6.00                                      | CUSIP: 16159TAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3208492 | PA      | $3241660.59   | 0.42%             | 2055-06-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust Series 2025-2                           | Chase Home Lending Mortgage Trust Series 2025-2 6.00                                      | CUSIP: 16159VAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2947083 | PA      | $2994504.96   | 0.39%             | 2055-12-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust 2024-8                                  | Chase Home Lending Mortgage Trust 2024-8 5.50                                             | CUSIP: 16159XAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1093760 | PA      | $1092534.10   | 0.14%             | 2055-08-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Comerica Inc                                                              | Comerica Inc 5.98 01/30/2030                                                              | CUSIP: 200340AW7<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1639246.40   | 0.21%             | 2030-01-30      | Variable      | 5.98%                 | No            |                  2 | On Loan: No      |
| Concord Music Royalties LLC                                               | Concord Music Royalties LLC 5.64                                                          | CUSIP: 20633KAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4087000 | PA      | $4106358.89   | 0.53%             | 2074-10-20      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| Blackstone Inc                                                            | Cook Park CLO Ltd 6.29                                                                    | CUSIP: 21623PAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2005530.00   | 0.26%             | 2030-04-17      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| Credit Agricole SA                                                        | Credit Agricole SA (pfd) 8.13% 03/23/2174 Perpetual                                       | CUSIP: 225313AJ4<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | EP               | CORP              | FR        |   1960000 | NS      | $1986156.20   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Agricole SA                                                        | Credit Agricole SA 5.22 05/27/2031                                                        | CUSIP: 22535WAR8<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    965000 | PA      | $983334.70    | 0.13%             | 2031-05-27      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                              | UBS Group AG 6.33 12/22/2027                                                              | CUSIP: 225401BC1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   3125000 | PA      | $3209423.22   | 0.42%             | 2027-12-22      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| Genpact Luxembourg SARL/Genpact USA Inc                                   | Genpact Luxembourg SARL/Genpact USA Inc 6.00 06/04/2029                                   | CUSIP: 37190AAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    844000 | PA      | $874031.25    | 0.11%             | 2029-06-04      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Geopark Ltd                                                               | Geopark Ltd 8.75 01/31/2030                                                               | CUSIP: 37255BAC3<br>LEI: 529900ZR5QI19AH4KZ07 | Long             | DBT              | CORP              | CO        |    855000 | PA      | $753066.90    | 0.10%             | 2030-01-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Global Atlantic Fin Co                                                    | Global Atlantic Fin Co 4.40 10/15/2029                                                    | CUSIP: 37959GAA5<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1942240.12   | 0.25%             | 2029-10-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                                               | Goldman Sachs Group Inc/The 5.73 04/25/2030                                               | CUSIP: 38141GA87<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1540000 | PA      | $1603397.87   | 0.21%             | 2030-04-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                                               | Goldman Sachs Group Inc/The 4.94 04/23/2028                                               | CUSIP: 38141GC77<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1028000 | PA      | $1036410.91   | 0.14%             | 2028-04-23      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                                               | Goldman Sachs Group Inc/The (pfd) 7.38% 02/10/2174 Perpetual                              | CUSIP: 38148BAE8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |   1360000 | NS      | $1367545.28   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA/New York NY                                        | Goldman Sachs Bank USA/New York NY 5.41 05/21/2027                                        | CUSIP: 38151LAG5<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1391626.04   | 0.18%             | 2027-05-21      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| Golub Capital BDC Inc                                                     | Golub Capital BDC Inc 7.05 12/05/2028                                                     | CUSIP: 38173MAD4<br>LEI: 2549005WE0QLGK9APF78 | Long             | DBT              | CORP              | US        |   1309000 | PA      | $1374932.77   | 0.18%             | 2028-12-05      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Gran Tierra Energy Inc                                                    | Gran Tierra Energy Inc 9.50 10/15/2029                                                    | CUSIP: 38500TAC5<br>LEI: 549300IH2S17MAIUCM32 | Long             | DBT              | CORP              | CA        |   1561000 | PA      | $1189192.75   | 0.15%             | 2029-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Greenko Wind Projects Mauritius Ltd                                       | Greenko Wind Projects Mauritius Ltd 7.25 09/27/2028                                       | CUSIP: 39531JAB0<br>LEI: 254900MSUXE1FF83DP82 | Long             | DBT              | CORP              | MU        |   1062000 | PA      | $1071412.98   | 0.14%             | 2028-09-27      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Grupo Aeromexico SAB de CV                                                | Grupo Aeromexico SAB de CV 8.25 11/15/2029                                                | CUSIP: 40054JAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |   1630000 | PA      | $1605061.00   | 0.21%             | 2029-11-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                         | HSBC Holdings PLC (pfd) 6.00% 11/22/2173 Perpetual                                        | CUSIP: 404280BL2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EP               | CORP              | GB        |   3795000 | NS      | $3800648.86   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                         | HSBC Holdings PLC 7.39 11/03/2028                                                         | CUSIP: 404280DR7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1925000 | PA      | $2044736.52   | 0.27%             | 2028-11-03      | Variable      | 7.39%                 | No            |                  2 | On Loan: No      |
| HSBC USA Inc                                                              | HSBC USA Inc 4.65 06/03/2028                                                              | CUSIP: 40428HR95<br>LEI: 549300LBOHZ4QSIWU288 | Long             | DBT              | CORP              | US        |   3129000 | PA      | $3154133.32   | 0.41%             | 2028-06-03      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| HPS Corporate Lending Fund                                                | HPS Corporate Lending Fund 5.45 01/14/2028                                                | CUSIP: 40440VAH8<br>LEI: 549300ZS7IHUA6FKFV61 | Long             | DBT              | CORP              | US        |   1965000 | PA      | $1971097.45   | 0.26%             | 2028-01-14      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| HGI CRE CLO Ltd                                                           | HGI CRE CLO 2021-FL1 Ltd 5.83                                                             | CUSIP: 40441LAC0<br>LEI: 549300VYJ293N0KO2L78 | Long             | ABS-CBDO         | CORP              | US        |   3042000 | PA      | $3034168.37   | 0.40%             | 2036-06-16      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| Herc Holdings Inc                                                         | Herc Holdings Inc 5.50 07/15/2027                                                         | CUSIP: 42704LAA2<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   1376000 | PA      | $1377217.76   | 0.18%             | 2027-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust 2019-A                                       | Hilton Grand Vacations Trust 2019-A 2.34                                                  | CUSIP: 43284HAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2474907 | PA      | $2432904.88   | 0.32%             | 2033-07-25      | Fixed         | 2.34%                 | No            |                  2 | On Loan: No      |
| Service Properties Trust                                                  | Service Properties Trust 5.25 02/15/2026                                                  | CUSIP: 44106MAV4<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   1320000 | PA      | $1314757.49   | 0.17%             | 2026-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hyatt Hotels Corp                                                         | Hyatt Hotels Corp 5.75 01/30/2027                                                         | CUSIP: 448579AQ5<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |    651000 | PA      | $664652.18    | 0.09%             | 2027-01-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Hyatt Hotels Corp                                                         | Hyatt Hotels Corp 5.05 03/30/2028                                                         | CUSIP: 448579AU6<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2527802.35   | 0.33%             | 2028-03-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Illumina Inc                                                              | Illumina Inc 5.80 12/12/2025                                                              | CUSIP: 452327AN9<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |   3590000 | PA      | $3605706.14   | 0.47%             | 2025-12-12      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Illumina Inc                                                              | Illumina Inc 4.65 09/09/2026                                                              | CUSIP: 452327AQ2<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |   1291000 | PA      | $1292873.47   | 0.17%             | 2026-09-09      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Crescent Energy Finance LLC                                               | Crescent Energy Finance LLC 8.38 01/15/2034                                               | CUSIP: 45344LAG8<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    531000 | PA      | $531695.30    | 0.07%             | 2034-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ING Groep NV                                                              | ING Groep NV (pfd) 5.75% 11/16/2173 Perpetual                                             | CUSIP: 456837AR4<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EP               | CORP              | NL        |   3775000 | NS      | $3757399.82   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Intel Corp                                                                | Intel Corp 4.88 02/10/2026                                                                | CUSIP: 458140CD0<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   1770000 | PA      | $1772884.16   | 0.23%             | 2026-02-10      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| International Game Technology PLC                                         | International Game Technology PLC 4.13 04/15/2026                                         | CUSIP: 460599AF0<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1850134.87   | 0.24%             | 2026-04-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                                       | Intesa Sanpaolo SpA (pfd) 7.70% 03/17/2174 Perpetual                                      | CUSIP: 46115HAU1<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EP               | CORP              | IT        |   2925000 | NS      | $2937709.13   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                                       | Intesa Sanpaolo SpA 4.20 06/01/2032                                                       | CUSIP: 46115HBQ9<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |   4187000 | PA      | $3853715.55   | 0.50%             | 2032-06-01      | Variable      | 4.20%                 | No            |                  2 | On Loan: No      |
| IQVIA Inc                                                                 | IQVIA Inc 5.00 05/15/2027                                                                 | CUSIP: 46266TAA6<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2243863.80   | 0.29%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IQVIA Inc                                                                 | IQVIA Inc 5.70 05/15/2028                                                                 | CUSIP: 46266TAC2<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   1425000 | PA      | $1462142.63   | 0.19%             | 2028-05-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2024-9                                           | JP Morgan Mortgage Trust 2024-9 5.50                                                      | CUSIP: 46593DAK3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250712 | PA      | $1249659.74   | 0.16%             | 2055-02-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                  | JP Morgan Mortgage Trust 6.16                                                             | CUSIP: 46593VAH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3121800 | PA      | $3206793.19   | 0.42%             | 2055-11-25      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust 2023-6                                         | J.P. Morgan Mortgage Trust 2023-6 6.00                                                    | CUSIP: 465989AC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1653159 | PA      | $1671125.79   | 0.22%             | 2053-12-26      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                       | JPMorgan Chase & Co 4.51 10/22/2028                                                       | CUSIP: 46647PEP7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    544000 | PA      | $545731.87    | 0.07%             | 2028-10-22      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust 2023-8                                         | J.P. Morgan Mortgage Trust 2023-8 6.00                                                    | CUSIP: 46657CAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3329587 | PA      | $3363846.65   | 0.44%             | 2054-02-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust Series 2024-6                                    | JP Morgan Mortgage Trust Series 2024-6 6.00                                               | CUSIP: 46657YAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    777801 | PA      | $781280.56    | 0.10%             | 2054-12-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust Series 2024-8                                    | JP Morgan Mortgage Trust Series 2024-8 5.50                                               | CUSIP: 46658GAK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1601430 | PA      | $1603677.48   | 0.21%             | 2055-01-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust 2024-10                                        | J.P. Morgan Mortgage Trust 2024-10 5.50                                                   | CUSIP: 46658LAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1554233 | PA      | $1558680.76   | 0.20%             | 2055-03-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust 2024-10                                        | J.P. Morgan Mortgage Trust 2024-10 5.50                                                   | CUSIP: 46658LAK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2211081 | PA      | $2210052.06   | 0.29%             | 2055-03-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2024-INV1                                        | JP Morgan Mortgage Trust 2024-INV1 6.00                                                   | CUSIP: 46658PAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1460281 | PA      | $1477742.06   | 0.19%             | 2055-04-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust Series 2024-5                                    | JP Morgan Mortgage Trust Series 2024-5 6.00                                               | CUSIP: 46658RAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1047829 | PA      | $1051005.33   | 0.14%             | 2054-11-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2024-11                                          | JP Morgan Mortgage Trust 2024-11 6.00                                                     | CUSIP: 46659AAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2450978 | PA      | $2476290.00   | 0.32%             | 2055-04-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2024-11                                          | JP Morgan Mortgage Trust 2024-11 6.00                                                     | CUSIP: 46659AAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2255881 | PA      | $2271365.44   | 0.30%             | 2055-04-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| OBX 2024-J1 Trust                                                         | OBX 2024-J1 Trust 5.50                                                                    | CUSIP: 67119QAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    994298 | PA      | $996597.16    | 0.13%             | 2054-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| OBX 2025-J1 Trust                                                         | OBX 2025-J1 Trust 6.00                                                                    | CUSIP: 673923AD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3656026 | PA      | $3707579.40   | 0.48%             | 2055-05-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| ON Semiconductor Corp                                                     | ON Semiconductor Corp 3.88 09/01/2028                                                     | CUSIP: 682189AQ8<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |   1516000 | PA      | $1467820.00   | 0.19%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Blue Owl Credit Income Corp                                               | Blue Owl Credit Income Corp 7.75 01/15/2029                                               | CUSIP: 69120VAW1<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |   3130000 | PA      | $3325395.45   | 0.43%             | 2029-01-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Blue Owl Capital Corp                                                     | Blue Owl Capital Corp 3.75 07/22/2025                                                     | CUSIP: 69121KAC8<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |   1849000 | PA      | $1847585.74   | 0.24%             | 2025-07-22      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Blue Owl Capital Corp                                                     | Blue Owl Capital Corp 3.40 07/15/2026                                                     | CUSIP: 69121KAE4<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |   1920000 | PA      | $1889630.57   | 0.25%             | 2026-07-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Blue Owl Capital Corp                                                     | Blue Owl Capital Corp 2.88 06/11/2028                                                     | CUSIP: 69121KAG9<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    765000 | PA      | $712879.27    | 0.09%             | 2028-06-11      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Blue Owl Capital Corp                                                     | Blue Owl Capital Corp 5.95 03/15/2029                                                     | CUSIP: 69121KAH7<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    765000 | PA      | $769188.04    | 0.10%             | 2029-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| PFP III Ltd                                                               | PFP 2022-9 Ltd 6.59                                                                       | CUSIP: 69291QAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    758345 | PA      | $759759.23    | 0.10%             | 2035-08-19      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc/The                                      | PNC Financial Services Group Inc/The 5.10 07/23/2027                                      | CUSIP: 693475BY0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   3080000 | PA      | $3103933.45   | 0.40%             | 2027-07-23      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| PNC Bank NA                                                               | PNC Bank NA 4.05 07/26/2028                                                               | CUSIP: 69349LAR9<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   1885000 | PA      | $1870564.67   | 0.24%             | 2028-07-26      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                       | Petroleos Mexicanos 4.50 01/23/2026                                                       | CUSIP: 71654QBW1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    770000 | PA      | $760078.61    | 0.10%             | 2026-01-23      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| US Bank NA/Cincinnati OH                                                  | US Bank NA/Cincinnati OH 4.51 10/22/2027                                                  | CUSIP: 90331HPP2<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1627117.86   | 0.21%             | 2027-10-22      | Variable      | 4.51%                 | No            |                  2 | On Loan: No      |
| UniCredit SpA                                                             | UniCredit SpA 5.86 06/19/2032                                                             | CUSIP: 904678AF6<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |   1820000 | PA      | $1835038.19   | 0.24%             | 2032-06-19      | Variable      | 5.86%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                                                | US Bancorp 5.73 10/21/2026                                                                | CUSIP: 91159HJH4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   2240000 | PA      | $2247642.54   | 0.29%             | 2026-10-21      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 4.63 09/30/2028                                          | CUSIP: 91282CJA0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9000000 | PA      | $9251367.21   | 1.21%             | 2028-09-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 3.75 12/31/2028                                          | CUSIP: 91282CJR3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11000000 | PA      | $11012460.91  | 1.43%             | 2028-12-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 4.25 03/31/2029                                          | CUSIP: 91282CKG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  23000000 | PA      | $23316250.00  | 3.04%             | 2029-03-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 4.75 05/15/2027                                          | CUSIP: 91282CKR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    400000 | PA      | $405328.12    | 0.05%             | 2027-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 3.88 10/15/2027                                          | CUSIP: 91282CLQ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    900000 | PA      | $903269.53    | 0.12%             | 2027-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 4.13 02/15/2028                                          | CUSIP: 91282CMN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $20273437.60  | 2.64%             | 2028-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 3.88 03/15/2028                                          | CUSIP: 91282CMS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  73500000 | PA      | $73864629.09  | 9.62%             | 2028-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 3.88 06/15/2028                                          | CUSIP: 91282CNH0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9000000 | PA      | $9048164.04   | 1.18%             | 2028-06-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Uniti Fiber Abs Issuer Llc                                                | Uniti Fiber Abs Issuer Llc 6.37                                                           | CUSIP: 91326EAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1993738 | PA      | $2035537.12   | 0.27%             | 2055-04-20      | Fixed         | 6.37%                 | No            |                  2 | On Loan: No      |
| Universal Health Services Inc                                             | Universal Health Services Inc 1.65 09/01/2026                                             | CUSIP: 913903AZ3<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |   2163000 | PA      | $2089053.48   | 0.27%             | 2026-09-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| VB-S1 Issuer LLC - VBTEL                                                  | VB-S1 Issuer LLC - VBTEL 4.29                                                             | CUSIP: 91823AAY7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2392465.75   | 0.31%             | 2052-02-15      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust 2020-4                                         | Verus Securitization Trust 2020-4 3.32                                                    | CUSIP: 92538LAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    106595 | PA      | $104927.09    | 0.01%             | 2065-05-25      | Variable      | 3.32%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust 2024-4                                         | Verus Securitization Trust 2024-4 6.22                                                    | CUSIP: 92540GAA6<br>LEI: 213800WNY873LW1L3M73 | Long             | ABS-MBS          | CORP              | US        |   1544830 | PA      | $1562667.66   | 0.20%             | 2069-06-25      | Variable      | 6.22%                 | No            |                  2 | On Loan: No      |
| ACM Auto Trust 2023-2                                                     | ACM Auto Trust 2023-2 9.85                                                                | CUSIP: 00161AAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3145985 | PA      | $3202241.93   | 0.42%             | 2030-06-20      | Fixed         | 9.85%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                  | AT&T Inc 7.30 08/15/2026                                                                  | CUSIP: 00206RGJ5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1764246.32   | 0.23%             | 2026-08-15      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| American Airlines Inc/AAdvantage Loyalty IP Ltd                           | American Airlines Inc/AAdvantage Loyalty IP Ltd 5.50 04/20/2026                           | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3969610 | PA      | $3962982.17   | 0.52%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Affirm Asset Securitization Trust 2024-X1                                 | Affirm Asset Securitization Trust 2024-X1 6.27                                            | CUSIP: 00834XAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    127471 | PA      | $127578.98    | 0.02%             | 2029-05-15      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| Aircastle Ltd                                                             | Aircastle Ltd (pfd) 5.25% 09/15/2173 Perpetual                                            | CUSIP: 00928QAW1<br>LEI: 549300PNK8AKY3OIKP58 | Long             | EP               | CORP              | US        |   2135000 | NS      | $2118562.40   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| M&T Bank Corp                                                             | M&T Bank Corp (pfd) 5.13% 05/01/2174 Perpetual                                            | CUSIP: 55261FAH7<br>LEI: 549300WYXDDBYRASEG81 | Long             | EP               | CORP              | US        |     73000 | NS      | $72800.28     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MFA 2023-NQM3 Trust                                                       | MFA 2023-NQM3 Trust 6.62                                                                  | CUSIP: 55286MAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1813793 | PA      | $1828324.35   | 0.24%             | 2068-07-25      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| MFA 2024-NQM1 Trust                                                       | MFA 2024-NQM1 Trust 6.83                                                                  | CUSIP: 55286VAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1002478 | PA      | $1015355.10   | 0.13%             | 2069-03-25      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| MPT Operating Partnership LP / MPT Finance Corp                           | MPT Operating Partnership LP / MPT Finance Corp 8.50 02/15/2032                           | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1353000 | PA      | $1417079.43   | 0.18%             | 2032-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Nationwide Building Society                                               | Nationwide Building Society 4.13 10/18/2032                                               | CUSIP: 63859WAF6<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   2076000 | PA      | $2030074.02   | 0.26%             | 2032-10-18      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| Nationstar Mortgage Holdings Inc                                          | Nationstar Mortgage Holdings Inc 7.13 02/01/2032                                          | CUSIP: 63861CAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    915000 | PA      | $951037.28    | 0.12%             | 2032-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| New Economy Assets - Phase 1 Sponsor LLC                                  | New Economy Assets - Phase 1 Sponsor LLC 2.41                                             | CUSIP: 643821AB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2295840.25   | 0.30%             | 2061-10-20      | Fixed         | 2.41%                 | No            |                  2 | On Loan: No      |
| Nexstar Media Inc                                                         | Nexstar Media Inc 5.63 07/15/2027                                                         | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   3690000 | PA      | $3683747.63   | 0.48%             | 2027-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Nissan Motor Acceptance Co LLC                                            | Nissan Motor Acceptance Co LLC 6.95 09/15/2026                                            | CUSIP: 65480CAE5<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   3650000 | PA      | $3694595.81   | 0.48%             | 2026-09-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                                           | Nordea Bank Abp (pfd) 6.63% 09/26/2173 Perpetual                                          | CUSIP: 65559CAA9<br>LEI: 529900ODI3047E2LIV03 | Long             | EP               | CORP              | FI        |   2660000 | NS      | $2681945.00   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Northern Trust Corp                                                       | Northern Trust Corp 3.38 05/08/2032                                                       | CUSIP: 665859AS3<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |   3892000 | PA      | $3780055.88   | 0.49%             | 2032-05-08      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| Nuveen Churchill Direct Lending Corp                                      | Nuveen Churchill Direct Lending Corp 6.65 03/15/2030                                      | CUSIP: 67090SAA6<br>LEI: 254900X3ULEP6XX7HG39 | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1119974.72   | 0.15%             | 2030-03-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| OBX 2022-NQM9 Trust                                                       | OBX 2022-NQM9 Trust 6.45                                                                  | CUSIP: 67118LAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2028305 | PA      | $2027454.07   | 0.26%             | 2062-09-25      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM8 Trust                                                       | OBX 2024-NQM8 Trust 6.23                                                                  | CUSIP: 67119CAA8<br>LEI: 254900Y1YRD8JNADSC78 | Long             | ABS-MBS          | CORP              | US        |   1298057 | PA      | $1313120.90   | 0.17%             | 2064-05-25      | Variable      | 6.23%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM11 Trust                                                      | OBX 2024-NQM11 Trust 6.23                                                                 | CUSIP: 67119EAC0<br>LEI: 254900F5LT8CA1U6PK21 | Long             | ABS-MBS          | CORP              | US        |   2107124 | PA      | $2121872.40   | 0.28%             | 2064-06-25      | Variable      | 6.23%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM7 Trust                                                       | OBX 2024-NQM7 Trust 6.24                                                                  | CUSIP: 67119FAA1<br>LEI: 254900FVMB3WTXJGGR91 | Long             | ABS-MBS          | CORP              | US        |   1456395 | PA      | $1472379.54   | 0.19%             | 2064-03-25      | Variable      | 6.24%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM10 Trust                                                      | OBX 2024-NQM10 Trust 6.43                                                                 | CUSIP: 67119MAC2<br>LEI: 25490010LUJWFEUCIH44 | Long             | ABS-MBS          | CORP              | US        |    525252 | PA      | $529937.79    | 0.07%             | 2064-05-25      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO VIII Ltd                                                 | SIXST 2017-8A BR2 0.00                                                                    | CUSIP: 83012VAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2925000 | PA      | $2929387.50   | 0.38%             | 2034-10-20      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines Inc / SkyMiles IP Ltd                                     | Delta Air Lines Inc / SkyMiles IP Ltd 4.50 10/20/2025                                     | CUSIP: 830867AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175500 | PA      | $175099.08    | 0.02%             | 2025-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Snam SpA                                                                  | Snam SpA 5.00 05/28/2030                                                                  | CUSIP: 83304JAA5<br>LEI: 8156002278562044AF79 | Long             | DBT              | CORP              | IT        |    940000 | PA      | $948302.11    | 0.12%             | 2030-05-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                       | Societe Generale SA 3.65 07/08/2035                                                       | CUSIP: 83368RAY8<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    969000 | PA      | $890084.96    | 0.12%             | 2035-07-08      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                       | Societe Generale SA 5.51 05/22/2031                                                       | CUSIP: 83368RCG5<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    908000 | PA      | $926306.66    | 0.12%             | 2031-05-22      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                       | Societe Generale SA (pfd) 4.75% 11/26/2173 Perpetual                                      | CUSIP: 83370RAB4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EP               | CORP              | FR        |   2695000 | NS      | $2661701.66   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                       | Societe Generale SA (pfd) 9.38% 05/22/2174 Perpetual                                      | CUSIP: 83370RAC2<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EP               | CORP              | FR        |    520000 | NS      | $553133.88    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Southern Co/The                                                           | Southern Co/The 4.00 01/15/2051                                                           | CUSIP: 842587DF1<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   1970000 | PA      | $1961787.62   | 0.26%             | 2051-01-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Spirit AeroSystems Inc                                                    | Spirit AeroSystems Inc 4.60 06/15/2028                                                    | CUSIP: 85205TAK6<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |   2285000 | PA      | $2247800.89   | 0.29%             | 2028-06-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Sprint Capital Corp                                                       | Sprint Capital Corp 6.88 11/15/2028                                                       | CUSIP: 852060AD4<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |   1440000 | PA      | $1546252.24   | 0.20%             | 2028-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Standard Industries Inc/NY                                                | Standard Industries Inc/NY 5.00 02/15/2027                                                | CUSIP: 853496AC1<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   2475000 | PA      | $2471135.78   | 0.32%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State Street Corp                                                         | State Street Corp 3.03 11/01/2034                                                         | CUSIP: 857477BF9<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   2480000 | PA      | $2291802.79   | 0.30%             | 2034-11-01      | Variable      | 3.03%                 | No            |                  2 | On Loan: No      |
| Stewart Park CLO                                                          | Stewart Park CLO Ltd 6.32                                                                 | CUSIP: 860444AS7<br>LEI: 549300FC1IHOM4H6GL63 | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1504140.75   | 0.20%             | 2030-01-15      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| Synopsys Inc                                                              | Synopsys Inc 4.65 04/01/2028                                                              | CUSIP: 871607AB3<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   1005000 | PA      | $1015433.46   | 0.13%             | 2028-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust 2024-9                                  | Chase Home Lending Mortgage Trust 2024-9 5.50                                             | CUSIP: 16160QAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1823752 | PA      | $1830661.99   | 0.24%             | 2055-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust 2024-9                                  | Chase Home Lending Mortgage Trust 2024-9 5.50                                             | CUSIP: 16160QAK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    762825 | PA      | $763231.17    | 0.10%             | 2055-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust Series 2024-2                           | Chase Home Lending Mortgage Trust Series 2024-2 6.00                                      | CUSIP: 161929AJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1992769 | PA      | $2002219.19   | 0.26%             | 2055-02-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust 2025-5                                  | Chase Home Lending Mortgage Trust 2025-5 5.50                                             | CUSIP: 161935AE1<br>LEI: 529900V91KVGSU3Z1A61 | Long             | ABS-MBS          | CORP              | US        |   2737567 | PA      | $2748352.66   | 0.36%             | 2056-04-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Citadel Finance LLC                                                       | Citadel Finance LLC 5.90 02/10/2030                                                       | CUSIP: 17287HAD2<br>LEI: 549300BQL283NCR7P163 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1009915.18   | 0.13%             | 2030-02-10      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Citadel Securities Global Holdings LLC                                    | Citadel Securities Global Holdings LLC 5.50 06/18/2030                                    | CUSIP: 17289RAA4<br>LEI: 549300NV5RXBUS3X7L47 | Long             | DBT              | CORP              | US        |   1405000 | PA      | $1422147.86   | 0.19%             | 2030-06-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust 2025-2                                      | Citigroup Mortgage Loan Trust 2025-2 6.00                                                 | CUSIP: 17292BAK2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3848004 | PA      | $3895629.06   | 0.51%             | 2055-02-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                             | Citigroup Inc (pfd) 4.00% 03/10/2174 Perpetual                                            | CUSIP: 172967MU2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   1476000 | NS      | $1469288.19   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                             | Citigroup Inc (pfd) 3.88% 05/18/2174 Perpetual                                            | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   2377000 | NS      | $2350217.72   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                             | Citigroup Inc 4.64 05/07/2028                                                             | CUSIP: 172967PZ8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1890000 | PA      | $1895260.08   | 0.25%             | 2028-05-07      | Variable      | 4.64%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                               | Citibank NA 4.88 11/19/2027                                                               | CUSIP: 17325FBL1<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   1655000 | PA      | $1665515.84   | 0.22%             | 2027-11-19      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                               | Citibank NA 4.58 05/29/2027                                                               | CUSIP: 17325FBN7<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   2165000 | PA      | $2177684.97   | 0.28%             | 2027-05-29      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust 2024-1                                      | Citigroup Mortgage Loan Trust 2024-1 6.00                                                 | CUSIP: 17332CBP0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1493430 | PA      | $1510962.82   | 0.20%             | 2054-07-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust 2024-CMI1                                   | Citigroup Mortgage Loan Trust 2024-CMI1 5.50                                              | CUSIP: 17332DAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2524922 | PA      | $2530631.48   | 0.33%             | 2054-06-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group Inc                                              | Citizens Financial Group Inc (pfd) 5.65% 10/06/2173 Perpetual                             | CUSIP: 174610AU9<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |   2305000 | NS      | $2309781.72   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Coinbase Global Inc                                                       | Coinbase Global Inc 3.38 10/01/2028                                                       | CUSIP: 19260QAC1<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   1475000 | PA      | $1383955.63   | 0.18%             | 2028-10-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans 2019-A LLC                                      | College Ave Student Loans 2019-A LLC 4.46                                                 | CUSIP: 19421UAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3010991 | PA      | $2944702.39   | 0.38%             | 2048-12-28      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| Cologix Canadian Issuer LP                                                | Cologix Canadian Issuer LP 7.74                                                           | CUSIP: 19521DAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | CA        |   1850000 | PA      | $1318305.86   | 0.17%             | 2052-01-25      | Fixed         | 7.74%                 | No            |                  2 | On Loan: No      |
| Comerica Inc                                                              | Comerica Inc (pfd) 5.63% 10/01/2173 Perpetual                                             | CUSIP: 200340AU1<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EP               | CORP              | US        |   1520000 | NS      | $1520000.00   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Herc Holdings Inc                                                         | Herc Holdings Inc 7.00 06/15/2030                                                         | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   2720000 | PA      | $2842351.96   | 0.37%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co                                             | Hewlett Packard Enterprise Co 4.40 09/25/2027                                             | CUSIP: 42824CBS7<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   1103000 | PA      | $1104385.25   | 0.14%             | 2027-09-25      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Highwoods Realty LP                                                       | Highwoods Realty LP 4.20 04/15/2029                                                       | CUSIP: 431282AR3<br>LEI: JUJNVZX73BIYHLR58F51 | Long             | DBT              | CORP              | US        |   1859000 | PA      | $1808663.13   | 0.24%             | 2029-04-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust 2024-2                                       | Hilton Grand Vacations Trust 2024-2 6.91                                                  | CUSIP: 43283JAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    735851 | PA      | $755506.36    | 0.10%             | 2038-03-25      | Fixed         | 6.91%                 | No            |                  2 | On Loan: No      |
| Service Properties Trust                                                  | Service Properties Trust 8.38 06/15/2029                                                  | CUSIP: 81761LAD4<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   1320000 | PA      | $1373918.04   | 0.18%             | 2029-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Sirius XM Radio LLC                                                       | Sirius XM Radio LLC 3.13 09/01/2026                                                       | CUSIP: 82967NBL1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   3205000 | PA      | $3146972.26   | 0.41%             | 2026-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust 2024-4                                         | Verus Securitization Trust 2024-4 6.57                                                    | CUSIP: 92540GAB4<br>LEI: 213800WNY873LW1L3M73 | Long             | ABS-MBS          | CORP              | US        |   1622084 | PA      | $1643782.83   | 0.21%             | 2069-06-25      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust 2024-5                                         | Verus Securitization Trust 2024-5 6.19                                                    | CUSIP: 92540HAA4<br>LEI: 213800YE6HC7EZSFHW30 | Long             | ABS-MBS          | CORP              | US        |   1588726 | PA      | $1605390.54   | 0.21%             | 2069-06-25      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust 2024-9                                         | Verus Securitization Trust 2024-9 5.89                                                    | CUSIP: 92540RAE4<br>LEI: 213800LFRCPWSTP6LX39 | Long             | ABS-MBS          | CORP              | US        |   2800420 | PA      | $2811229.50   | 0.37%             | 2069-11-25      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust 2025-4                                         | Verus Securitization Trust 2025-4 5.75                                                    | CUSIP: 92540UAE7<br>LEI: 2138009ZO3B2B5MAHZ49 | Long             | ABS-MBS          | CORP              | US        |   1341092 | PA      | $1347529.39   | 0.18%             | 2070-05-25      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Expand Energy Corp                                                        | Expand Energy Corp 6.75 04/15/2029                                                        | CUSIP: 92735LAA0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    285000 | PA      | $288589.86    | 0.04%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Trust 2024-CES1                                | Vista Point Securitization Trust 2024-CES1 6.68                                           | CUSIP: 92839HAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1686450 | PA      | $1709104.91   | 0.22%             | 2054-05-25      | Variable      | 6.68%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC                                   | Volkswagen Group of America Finance LLC 4.90 08/14/2026                                   | CUSIP: 928668CK6<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1152512.78   | 0.15%             | 2026-08-14      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Vornado Realty LP                                                         | Vornado Realty LP 2.15 06/01/2026                                                         | CUSIP: 929043AK3<br>LEI: 549300BMOJ05INE4YK86 | Long             | DBT              | CORP              | US        |   3260000 | PA      | $3167342.85   | 0.41%             | 2026-06-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| WB Commercial Mortgage Trust 2024-HQ                                      | WB Commercial Mortgage Trust 2024-HQ 6.13                                                 | CUSIP: 92943PAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1939000 | PA      | $1947277.59   | 0.25%             | 2040-03-15      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co                                                          | Wells Fargo & Co 4.90 01/24/2028                                                          | CUSIP: 95000U3R2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1520000 | PA      | $1531501.03   | 0.20%             | 2028-01-24      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co                                                          | Wells Fargo & Co 4.97 04/23/2029                                                          | CUSIP: 95000U3T8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1465000 | PA      | $1485692.92   | 0.19%             | 2029-04-23      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2017-C41                            | Wells Fargo Commercial Mortgage Trust 2017-C41 2.60                                       | CUSIP: 95001AAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    393000 | PA      | $330360.56    | 0.04%             | 2050-11-15      | Variable      | 2.60%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2020-C55                            | Wells Fargo Commercial Mortgage Trust 2020-C55 2.50                                       | CUSIP: 95002EAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    470000 | PA      | $305945.14    | 0.04%             | 2053-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CBOT 5 Year US Treasury Note                                              | US 5YR NOTE (CBT) Sep25                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | UST               | US        |       153 | NC      | $140436.06    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOT US Long Bond Future                                                  | US LONG BOND(CBT) Sep25                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | UST               | US        |        -9 | NC      | $-31212.87    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CBOT 2 Year US Treasury Note                                              | US 2YR NOTE (CBT) Sep25                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | UST               | US        |       540 | NC      | $358002.34    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Montreal/Chicago IL 4.35 07/01/2025                               | Bank of Montreal/Chicago IL 4.35 07/01/2025                                               | CUSIP: RPEG5HGH0<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | RA               | CORP              | US        |    703107 | PA      | $703107.23    | 0.09%             | 2025-07-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Piedmont Operating Partnership LP                                         | Piedmont Operating Partnership LP 3.15 08/15/2030                                         | CUSIP: 720198AE0<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              | CORP              | US        |    188000 | PA      | $168757.61    | 0.02%             | 2030-08-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Piedmont Operating Partnership LP                                         | Piedmont Operating Partnership LP 9.25 07/20/2028                                         | CUSIP: 720198AG5<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              | CORP              | US        |   1123000 | PA      | $1251311.21   | 0.16%             | 2028-07-20      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Piedmont Operating Partnership LP                                         | Piedmont Operating Partnership LP 6.88 07/15/2029                                         | CUSIP: 720198AJ9<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              | CORP              | US        |    240000 | PA      | $252907.94    | 0.03%             | 2029-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Pinnacle West Capital Corp                                                | Pinnacle West Capital Corp 5.15 05/15/2030                                                | CUSIP: 723484AN1<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |   1325000 | PA      | $1356908.77   | 0.18%             | 2030-05-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| State Street Institutional US Government Money Market Fund                | State Street Institutional US Government Money Market Fund                                | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |     88367 | NS      | $88367.36     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Danske Bank A/S                                                           | Danske Bank A/S (pfd) 4.38% 11/18/2173 Perpetual                                          | CUSIP: K2227DL59<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | EP               | CORP              | DK        |   3853000 | NS      | $3796698.04   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co                                              | Fixed Income Clearing Corp 4.39 07/01/2025                                                | CUSIP: RPEV0AVA5<br>LEI: 571474TGEMMWANRLN572 | Long             | RA               | CORP              | US        |   5447000 | PA      | $5447000.00   | 0.71%             | 2025-07-01      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| Skandinaviska Enskilda Banken AB                                          | Skandinaviska Enskilda Banken AB (pfd) 6.88% 12/30/2173 Perpetual                         | CUSIP: W8T54FK56<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | EP               | CORP              | SE        |   1600000 | NS      | $1632662.00   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Aircastle Ltd                                                             | Aircastle Ltd 6.50 07/18/2028                                                             | CUSIP: 00928QAX9<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | US        |   2160000 | PA      | $2256138.10   | 0.29%             | 2028-07-18      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Aircastle Ltd                                                             | Aircastle Ltd 5.95 02/15/2029                                                             | CUSIP: 00928QAY7<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | US        |    765000 | PA      | $790708.93    | 0.10%             | 2029-02-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC     | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC 4.63 01/15/2027     | CUSIP: 013092AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3745000 | PA      | $3724900.21   | 0.49%             | 2027-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Bread Financial Holdings Inc                                              | Bread Financial Holdings Inc 8.38 06/15/2035                                              | CUSIP: 018581AQ1<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |   1337000 | PA      | $1347272.17   | 0.18%             | 2035-06-15      | Variable      | 8.38%                 | No            |                  2 | On Loan: No      |
| Allianz SE                                                                | Allianz SE (pfd) 3.50% 04/30/2174 Perpetual                                               | CUSIP: 018820AA8<br>LEI: 529900K9B0N5BT694847 | Long             | EP               | CORP              | DE        |   2200000 | NS      | $2168445.18   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Ally Financial Inc                                                        | Ally Financial Inc (pfd) 4.70% 08/15/2173 Perpetual                                       | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EP               | CORP              | US        |   2045000 | NS      | $1980864.69   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                     | AMERICAN AIRLINES INC 2024 1ST LIEN TERM LOAN B                                           | CUSIP: 02376CBR5<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | US        |    470450 | PA      | $466615.83    | 0.06%             | 2028-02-15      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                     | American Airlines Inc 7.25 02/15/2028                                                     | CUSIP: 023771T32<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |   1495000 | PA      | $1527776.38   | 0.20%             | 2028-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| American Airlines 2014-1 Class A Pass Through Trust                       | American Airlines 2014-1 Class A Pass Through Trust 3.70 04/01/2028                       | CUSIP: 02377AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     69092 | PA      | $67896.49     | 0.01%             | 2028-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| American Airlines 2017-2 Class B                                          | American Airlines 2017-2 Class B 3.70 04/15/2027                                          | CUSIP: 02377DAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1135417 | PA      | $1128623.78   | 0.15%             | 2027-04-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| American Express Co                                                       | American Express Co (pfd) 3.55% 09/15/2173 Perpetual                                      | CUSIP: 025816CH0<br>LEI: R4PP93JZOLY261QX3811 | Long             | EP               | CORP              | US        |   1710000 | NS      | $1674339.49   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust 2019-5                                           | Angel Oak Mortgage Trust 2019-5 2.92                                                      | CUSIP: 03464KAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    645082 | PA      | $636940.82    | 0.08%             | 2049-10-25      | Variable      | 2.92%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust 2020-2                                           | Angel Oak Mortgage Trust 2020-2 3.86                                                      | CUSIP: 03464XAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    779383 | PA      | $757269.46    | 0.10%             | 2065-01-26      | Variable      | 3.86%                 | No            |                  2 | On Loan: No      |
| Antares Holdings LP                                                       | Antares Holdings LP 2.75 01/15/2027                                                       | CUSIP: 03666HAD3<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | CA        |   2731000 | PA      | $2622201.55   | 0.34%             | 2027-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| AppLovin Corp                                                             | AppLovin Corp 5.13 12/01/2029                                                             | CUSIP: 03831WAB4<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |   2160000 | PA      | $2188742.64   | 0.29%             | 2029-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Trust Inc                                                    | Arbor Realty Commercial Real Estate Notes 2021-FL4 Ltd 5.78                               | CUSIP: 03880RAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    821599 | PA      | $822258.59    | 0.11%             | 2036-11-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Ares Capital Corp                                                         | Ares Capital Corp 3.25 07/15/2025                                                         | CUSIP: 04010LAY9<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |   1849000 | PA      | $1847888.55   | 0.24%             | 2025-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Ares Strategic Income Fund                                                | Ares Strategic Income Fund 5.70 03/15/2028                                                | CUSIP: 04020EAG2<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |   1635000 | PA      | $1648750.42   | 0.21%             | 2028-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Ashtead Capital Inc                                                       | Ashtead Capital Inc 4.38 08/15/2027                                                       | CUSIP: 045054AF0<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2191970.40   | 0.29%             | 2027-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Aspen Insurance Holdings Ltd                                              | Aspen Insurance Holdings Ltd 5.75 07/01/2030                                              | CUSIP: 04530DAE2<br>LEI: 549300YX6HECG9XQCQ75 | Long             | DBT              | CORP              | BM        |   2085000 | PA      | $2120431.86   | 0.28%             | 2030-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia/The                                                   | Bank of Nova Scotia/The 8.63 10/27/2082                                                   | CUSIP: 0641598S8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   1671000 | PA      | $1777474.45   | 0.23%             | 2082-10-27      | Variable      | 8.62%                 | No            |                  2 | On Loan: No      |
| BANK 2019-BNK17                                                           | BANK 2019-BNK17 3.00                                                                      | CUSIP: 065403AJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    612000 | PA      | $517317.85    | 0.07%             | 2052-04-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                              | Barclays PLC (pfd) 6.13% 12/15/2173 Perpetual                                             | CUSIP: 06738EBN4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EP               | CORP              | GB        |   3710000 | NS      | $3716051.01   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays PLC                                                              | Barclays PLC 7.39 11/02/2028                                                              | CUSIP: 06738ECD5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1670000 | PA      | $1773045.63   | 0.23%             | 2028-11-02      | Variable      | 7.39%                 | No            |                  2 | On Loan: No      |
| Truist Bank                                                               | Truist Bank 4.63 09/17/2029                                                               | CUSIP: 07330MAC1<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |    980000 | PA      | $969082.91    | 0.13%             | 2029-09-17      | Variable      | 4.63%                 | No            |                  2 | On Loan: No      |
| Benchmark 2018-B5 Mortgage Trust                                          | Benchmark 2018-B5 Mortgage Trust 4.57                                                     | CUSIP: 08160BAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    921010 | PA      | $860548.00    | 0.11%             | 2051-07-15      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| Benchmark 2018-B5 Mortgage Trust                                          | Benchmark 2018-B5 Mortgage Trust 3.25                                                     | CUSIP: 08160BAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    834000 | PA      | $643565.19    | 0.08%             | 2051-07-15      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Benchmark 2019-B13 Mortgage Trust                                         | Benchmark 2019-B13 Mortgage Trust 2.50                                                    | CUSIP: 08162DAR9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    463000 | PA      | $262319.41    | 0.03%             | 2057-08-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BHG Securitization Trust 2025-1CON                                        | BHG Securitization Trust 2025-1CON 5.26                                                   | CUSIP: 08860AAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2281000 | PA      | $2301185.03   | 0.30%             | 2036-04-17      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                        | Energy Transfer LP 5.63 05/01/2027                                                        | CUSIP: 226373AQ1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1553081.59   | 0.20%             | 2027-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                                           | Danske Bank A/S 6.26 09/22/2026                                                           | CUSIP: 23636ABE0<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   1577000 | PA      | $1581927.24   | 0.21%             | 2026-09-22      | Variable      | 6.26%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines Inc                                                       | Delta Air Lines Inc 4.95 07/10/2028                                                       | CUSIP: 247361A24<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |   1170000 | PA      | $1177443.54   | 0.15%             | 2028-07-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines Inc                                                       | Delta Air Lines Inc 3.75 10/28/2029                                                       | CUSIP: 247361ZT8<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |   2003000 | PA      | $1915395.59   | 0.25%             | 2029-10-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Deluxe Corp                                                               | Deluxe Corp 8.13 09/15/2029                                                               | CUSIP: 248019AW1<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |   1834000 | PA      | $1895105.21   | 0.25%             | 2029-09-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                          | Deutsche Bank AG (pfd) 6.00% 04/30/2174 Perpetual                                         | CUSIP: 251525AX9<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | EP               | CORP              | DE        |   2400000 | NS      | $2395067.76   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG/New York NY                                              | Deutsche Bank AG/New York NY 4.88 12/01/2032                                              | CUSIP: 251526BN8<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | US        |   3878000 | PA      | $3837097.84   | 0.50%             | 2032-12-01      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| Diamond Resorts Owner Trust 2021-1                                        | Diamond Resorts Owner Trust 2021-1 2.70                                                   | CUSIP: 25273CAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    140625 | PA      | $139876.33    | 0.02%             | 2033-11-21      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                                   | Dryden 30 Senior Loan Fund 6.29                                                           | CUSIP: 26249BAU5<br>LEI: 549300AS2O1RYPD2ED41 | Long             | ABS-CBDO         | CORP              | US        |   1775000 | PA      | $1780618.59   | 0.23%             | 2028-11-15      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| ELP Commercial Mortgage Trust 2021-ELP                                    | ELP Commercial Mortgage Trust 2021-ELP 5.55                                               | CUSIP: 26863LAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    644250 | PA      | $643726.45    | 0.08%             | 2038-11-15      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| EOG Resources Inc                                                         | EOG Resources Inc 4.40 07/15/2028                                                         | CUSIP: 26875PAX9<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |   1141000 | PA      | $1147819.64   | 0.15%             | 2028-07-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Edison International                                                      | Edison International (pfd) 5.38% 09/15/2173 Perpetual                                     | CUSIP: 281020AS6<br>LEI: 549300I7ROF15MAEVP56 | Long             | EP               | CORP              | US        |   1842000 | NS      | $1738887.79   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Elanco Animal Health Inc                                                  | ELANCO ANIMAL HEALTH INCORPORA TERM LOAN B                                                | CUSIP: 28414BAF3<br>LEI: 549300SHPNDCE059M934 | Long             | LON              | CORP              | US        |   1711698 | PA      | $1712134.92   | 0.22%             | 2027-08-02      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| Emera Inc                                                                 | Emera Inc 6.75 06/15/2076                                                                 | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |   1594000 | PA      | $1607984.64   | 0.21%             | 2076-06-15      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc                                                              | Enbridge Inc 6.00 01/15/2077                                                              | CUSIP: 29250NAN5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   3720000 | PA      | $3724205.46   | 0.49%             | 2077-01-15      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Encino Acquisition Partners Holdings LLC                                  | Encino Acquisition Partners Holdings LLC 8.50 05/01/2028                                  | CUSIP: 29254BAA5<br>LEI: 549300BUKUEKT2UE4T49 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1696460.70   | 0.22%             | 2028-05-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Encore Capital Group Inc                                                  | Encore Capital Group Inc 9.25 04/01/2029                                                  | CUSIP: 292554AQ5<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    823000 | PA      | $876234.06    | 0.11%             | 2029-04-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                        | Energy Transfer LP (pfd) 6.50% 11/15/2173 Perpetual                                       | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |   3750000 | NS      | $3776129.74   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Freedom Mortgage Holdings LLC                                             | Freedom Mortgage Holdings LLC 9.25 02/01/2029                                             | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    346000 | PA      | $359641.05    | 0.05%             | 2029-02-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Frontier Communications Holdings LLC                                      | Frontier Communications Holdings LLC 8.63 03/15/2031                                      | CUSIP: 35908MAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3439000 | PA      | $3656749.67   | 0.48%             | 2031-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| GA Global Funding Trust                                                   | GA Global Funding Trust 2.25 01/06/2027                                                   | CUSIP: 36143L2G9<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |   2650000 | PA      | $2559527.36   | 0.33%             | 2027-01-06      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| GA Global Funding Trust                                                   | GA Global Funding Trust 4.40 09/23/2027                                                   | CUSIP: 36143L2N4<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |   1590000 | PA      | $1587452.44   | 0.21%             | 2027-09-23      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| GLP Capital LP / GLP Financing II Inc                                     | GLP Capital LP / GLP Financing II Inc 5.38 04/15/2026                                     | CUSIP: 361841AH2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1311104.33   | 0.17%             | 2026-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GXO Logistics Inc                                                         | GXO Logistics Inc 1.65 07/15/2026                                                         | CUSIP: 36262GAB7<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2902373.97   | 0.38%             | 2026-07-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust 2024-HE1                              | GS Mortgage-Backed Securities Trust 2024-HE1 5.91                                         | CUSIP: 36270AAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1116347 | PA      | $1117180.46   | 0.15%             | 2054-08-25      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust 2025-PJ5                              | GS Mortgage-Backed Securities Trust 2025-PJ5 5.50                                         | CUSIP: 36272DAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2050024 | PA      | $2055088.87   | 0.27%             | 2055-10-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust 2024-PJ7                              | GS Mortgage-Backed Securities Trust 2024-PJ7 5.50                                         | CUSIP: 362949AM1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2130809 | PA      | $2127853.93   | 0.28%             | 2054-11-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| GCAT 2024-INV3 Trust                                                      | GCAT 2024-INV3 Trust 5.50                                                                 | CUSIP: 36830FAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2372349 | PA      | $2382851.31   | 0.31%             | 2054-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co Inc                                           | General Motors Financial Co Inc 5.40 04/06/2026                                           | CUSIP: 37045XEF9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | CA        |   2650000 | PA      | $2662519.02   | 0.35%             | 2026-04-06      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust Series 2025-CCM2                                 | JP Morgan Mortgage Trust Series 2025-CCM2 6.00                                            | CUSIP: 46659EAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4179289 | PA      | $4236802.77   | 0.55%             | 2055-09-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| KKR CLO Trust                                                             | KKR CLO 10 Ltd 6.28                                                                       | CUSIP: 48250GAS9<br>LEI: 549300N7FISC1W1QKR21 | Long             | ABS-CBDO         | CORP              | US        |    546853 | PA      | $547435.49    | 0.07%             | 2029-09-15      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| Kilroy Realty LP                                                          | Kilroy Realty LP 4.25 08/15/2029                                                          | CUSIP: 49427RAK8<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              | CORP              | US        |   2705000 | PA      | $2615802.33   | 0.34%             | 2029-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Kyndryl Holdings Inc                                                      | Kyndryl Holdings Inc 2.70 10/15/2028                                                      | CUSIP: 50155QAK6<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |   2485000 | PA      | $2347739.36   | 0.31%             | 2028-10-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp        | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp 7.00 07/15/2031        | CUSIP: 505742AR7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1140000 | PA      | $1192833.30   | 0.16%             | 2031-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp        | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp 5.50 08/01/2030        | CUSIP: 505742AS5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1147000 | PA      | $1155193.25   | 0.15%             | 2030-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lamar Media Corp                                                          | Lamar Media Corp 3.75 02/15/2028                                                          | CUSIP: 513075BR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1935000 | PA      | $1876991.41   | 0.24%             | 2028-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Liberty Mutual Group Inc                                                  | Liberty Mutual Group Inc 4.13 12/15/2051                                                  | CUSIP: 53079EBM5<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |   2795000 | PA      | $2722646.45   | 0.35%             | 2051-12-15      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| Life 2021-BMR Mortgage Trust                                              | Life 2021-BMR Mortgage Trust 5.83                                                         | CUSIP: 53218CAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2180500 | PA      | $2165087.14   | 0.28%             | 2038-03-15      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| Lineage OP LP                                                             | Lineage OP LP 5.25 07/15/2030                                                             | CUSIP: 53567YAA7<br>LEI: 254900CSRDL1G4SRQE89 | Long             | DBT              | CORP              | US        |   1970000 | PA      | $1982715.27   | 0.26%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                  | Lloyds Banking Group PLC (pfd) 7.50% 12/27/2173 Perpetual                                 | CUSIP: 539439AU3<br>LEI: 549300PPXHEU2JF0AM85 | Long             | EP               | CORP              | GB        |   1490000 | NS      | $1497725.65   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Lyra Music Assets Delaware LP                                             | Lyra Music Assets Delaware LP 5.76                                                        | CUSIP: 552339AA1<br>LEI: 9845007N9EAB0C048A12 | Long             | ABS-MBS          | CORP              | US        |   2483436 | PA      | $2497516.78   | 0.33%             | 2064-12-22      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                       | Petroleos Mexicanos 6.50 03/13/2027                                                       | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   3121000 | PA      | $3101267.79   | 0.40%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                       | Petroleos Mexicanos 5.35 02/12/2028                                                       | CUSIP: 71654QCK6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    945000 | PA      | $908033.11    | 0.12%             | 2028-02-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                       | Petroleos Mexicanos 6.49 01/23/2027                                                       | CUSIP: 71654QDB5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   1518000 | PA      | $1511287.25   | 0.20%             | 2027-01-23      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| Planet Financial Group LLC                                                | Planet Financial Group LLC 10.50 12/15/2029                                               | CUSIP: 72702AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    838000 | PA      | $839483.26    | 0.11%             | 2029-12-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Provident Funding Mortgage Trust 2024-1                                   | Provident Funding Mortgage Trust 2024-1 5.50                                              | CUSIP: 74389BAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2411488 | PA      | $2420256.19   | 0.32%             | 2054-12-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2024-CES4                                             | RCKT Mortgage Trust 2024-CES4 6.67                                                        | CUSIP: 74939FAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2675000 | PA      | $2710486.55   | 0.35%             | 2044-06-25      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2024-CES3                                             | RCKT Mortgage Trust 2024-CES3 6.59                                                        | CUSIP: 74942AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    543678 | PA      | $551153.44    | 0.07%             | 2044-05-25      | Variable      | 6.59%                 | No            |                  2 | On Loan: No      |
| RATE Mortgage Trust 2024-J3                                               | RATE Mortgage Trust 2024-J3 5.50                                                          | CUSIP: 75409UAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3227157 | PA      | $3228391.21   | 0.42%             | 2054-10-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Ready Capital Corp                                                        | Ready Capital Mortgage Financing 2023-FL11 LLC 6.69                                       | CUSIP: 75575RAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    659474 | PA      | $664067.04    | 0.09%             | 2039-10-25      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| Regal Rexnord Corp                                                        | Regal Rexnord Corp 6.05 02/15/2026                                                        | CUSIP: 758750AL7<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   2520000 | PA      | $2534938.06   | 0.33%             | 2026-02-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Rocket Cos Inc                                                            | Rocket Cos Inc 6.13 08/01/2030                                                            | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    755000 | PA      | $769839.53    | 0.10%             | 2030-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Rocket Cos Inc                                                            | Rocket Cos Inc 6.38 08/01/2033                                                            | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    635000 | PA      | $650526.08    | 0.08%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                                         | NatWest Group PLC (pfd) 6.00% 09/30/2173 Perpetual                                        | CUSIP: 780097BQ3<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EP               | CORP              | GB        |   1080000 | NS      | $1080925.88   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                                         | NatWest Group PLC (pfd) 8.00% 09/30/2173 Perpetual                                        | CUSIP: 780099CK1<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EP               | CORP              | GB        |   1335000 | NS      | $1343382.47   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                                      | Royal Bank of Canada 4.97 01/24/2029                                                      | CUSIP: 78017DAA6<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   2110000 | PA      | $2141149.02   | 0.28%             | 2029-01-24      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| SHR Trust 2024-LXRY                                                       | SHR Trust 2024-LXRY 6.76                                                                  | CUSIP: 784234AC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2171000 | PA      | $2174596.04   | 0.28%             | 2041-10-15      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| SCG 2024-MSP Mortgage Trust                                               | SCG 2024-MSP Mortgage Trust 6.75                                                          | CUSIP: 78436EAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2564000 | PA      | $2567517.30   | 0.33%             | 2041-04-15      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Slam 2021-1 Ltd                                                           | Slam 2021-1 Ltd 3.42                                                                      | CUSIP: 78449AAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1312500 | PA      | $1222711.22   | 0.16%             | 2046-06-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| SM Energy Co                                                              | SM Energy Co 6.75 09/15/2026                                                              | CUSIP: 78454LAN0<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   1492000 | PA      | $1493912.74   | 0.19%             | 2026-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SMRT 2022-MINI                                                            | SMRT 2022-MINI 5.66                                                                       | CUSIP: 78457JAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $991954.10    | 0.13%             | 2039-01-15      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust 2025-DATA                                  | SWCH Commercial Mortgage Trust 2025-DATA 5.75                                             | CUSIP: 78489CAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2250000 | PA      | $2237070.38   | 0.29%             | 2042-02-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Charles Schwab Corp/The                                                   | Charles Schwab Corp/The (pfd) 4.00% 06/01/2174 Perpetual                                  | CUSIP: 808513BK0<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |   1316000 | NS      | $1297881.31   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Sempra                                                                    | Sempra (pfd) 4.88% 10/15/2173 Perpetual                                                   | CUSIP: 816851BK4<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EP               | CORP              | US        |   1999000 | NS      | $1995756.34   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2025-5                                             | Sequoia Mortgage Trust 2025-5 5.50                                                        | CUSIP: 81743GAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3859971 | PA      | $3880619.98   | 0.51%             | 2055-06-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2024-8                                             | Sequoia Mortgage Trust 2024-8 5.50                                                        | CUSIP: 81749NAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2134538 | PA      | $2139964.66   | 0.28%             | 2054-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2024-8                                             | Sequoia Mortgage Trust 2024-8 5.50                                                        | CUSIP: 81749NAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1717588 | PA      | $1715605.43   | 0.22%             | 2054-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2024-9                                             | Sequoia Mortgage Trust 2024-9 5.50                                                        | CUSIP: 81749PAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1282997 | PA      | $1286951.57   | 0.17%             | 2054-10-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2024-10                                            | Sequoia Mortgage Trust 2024-10 5.50                                                       | CUSIP: 81749QAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    954530 | PA      | $957341.97    | 0.12%             | 2054-11-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2024-10                                            | Sequoia Mortgage Trust 2024-10 5.50                                                       | CUSIP: 81749QAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    704530 | PA      | $704337.25    | 0.09%             | 2054-11-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING FABN                                                | Athene Global Funding 5.68 02/23/2026                                                     | CUSIP: 04685A3S8<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1913387.00   | 0.25%             | 2026-02-23      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING FABN                                                | Athene Global Funding 5.62 05/08/2026                                                     | CUSIP: 04685A3V1<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   1810000 | PA      | $1826559.38   | 0.24%             | 2026-05-08      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                                     | Athene Global Funding 5.35 07/09/2027                                                     | CUSIP: 04685A3X7<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    437000 | PA      | $443936.25    | 0.06%             | 2027-07-09      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Atlas Warehouse Lending Co LP                                             | Atlas Warehouse Lending Co LP 6.05 01/15/2028                                             | CUSIP: 049463AD4<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |   1955000 | PA      | $1980143.65   | 0.26%             | 2028-01-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Australia & New Zealand Banking Group Ltd/United Kingdom                  | Australia & New Zealand Banking Group Ltd/United Kingdom (pfd) 6.75% 12/15/2173 Perpetual | CUSIP: 05254HAA2<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | EP               | CORP              | GB        |   2613000 | NS      | $2647499.44   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd                                               | Avolon Holdings Funding Ltd 6.38 05/04/2028                                               | CUSIP: 05401AAS0<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | IE        |    686000 | PA      | $715657.55    | 0.09%             | 2028-05-04      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BBCMS 2019-BWAY Mortgage Trust                                            | BBCMS 2019-BWAY Mortgage Trust 6.59                                                       | CUSIP: 05492NAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1683000 | PA      | $14726.25     | 0.00%             | 2034-11-15      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| BBCMS 2019-BWAY Mortgage Trust                                            | BBCMS 2019-BWAY Mortgage Trust 7.28                                                       | CUSIP: 05492NAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1581000 | PA      | $5928.75      | 0.00%             | 2034-11-15      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                            | BNP Paribas SA (pfd) 4.63% 07/12/2173 Perpetual                                           | CUSIP: 05565AB28<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EP               | CORP              | FR        |   3847000 | NS      | $3746146.66   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| BSPRT 2017-FL1 Co-Issuer LLC                                              | BSPRT 2023-FL10 Issuer Ltd 6.57                                                           | CUSIP: 05610VAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1726278 | PA      | $1729551.16   | 0.23%             | 2035-09-15      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| Bain Capital Specialty Finance Inc                                        | Bain Capital Specialty Finance Inc 5.95 03/15/2030                                        | CUSIP: 05684BAD9<br>LEI: 549300V2JL72R0EYBK64 | Long             | DBT              | CORP              | US        |    878000 | PA      | $868387.39    | 0.11%             | 2030-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                                        | Banco Bilbao Vizcaya Argentaria SA (pfd) 6.13% 02/16/2174 Perpetual                       | CUSIP: 05946KAF8<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EP               | CORP              | ES        |   3800000 | NS      | $3731533.88   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander SA                                                        | Banco Santander SA 6.53 11/07/2027                                                        | CUSIP: 05964HAX3<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   2400000 | PA      | $2464009.73   | 0.32%             | 2027-11-07      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                                        | Banco Santander SA (pfd) 4.75% 08/12/2173 Perpetual                                       | CUSIP: 05971KAH2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EP               | CORP              | ES        |   2800000 | NS      | $2721399.52   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco de Credito del Peru S.A.                                            | Banco de Credito del Peru S.A. 3.13 07/01/2030                                            | CUSIP: 05971U2C0<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |   3360000 | PA      | $3360000.00   | 0.44%             | 2030-07-01      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| Banco Mercantil del Norte SA/Grand Cayman                                 | Banco Mercantil del Norte SA/Grand Cayman (pfd) 5.88% 01/24/2174 Perpetual                | CUSIP: 05973KAA5<br>LEI: 549300QTVYRPFHS0J362 | Long             | EP               | CORP              | KY        |    691000 | NS      | $671643.29    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK 2018-BNK15                                                           | BANK 2018-BNK15 3.00                                                                      | CUSIP: 06036FAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    462000 | PA      | $382892.90    | 0.05%             | 2061-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                                          | Bank of Montreal 7.70 05/26/2084                                                          | CUSIP: 06368LQ58<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1840000 | PA      | $1904554.56   | 0.25%             | 2084-05-26      | Variable      | 7.70%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia/The                                                   | Bank of Nova Scotia/The 3.63 10/27/2081                                                   | CUSIP: 0641598N9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   1045000 | PA      | $980344.18    | 0.13%             | 2081-10-27      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| Essent Group Ltd                                                          | Essent Group Ltd 6.25 07/01/2029                                                          | CUSIP: 29669JAA7<br>LEI: 254900QUO860OUT6ZF83 | Long             | DBT              | CORP              | US        |   2010000 | PA      | $2082872.01   | 0.27%             | 2029-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Westar Energy Inc                                                         | Evergy Kansas Central Inc 4.70 03/13/2028                                                 | CUSIP: 30036FAE1<br>LEI: J75GNWGEO73W89ZV3S44 | Long             | DBT              | CORP              | US        |    771000 | PA      | $780149.10    | 0.10%             | 2028-03-13      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Excelerate Energy LP                                                      | Excelerate Energy LP 0.00 05/15/2030                                                      | CUSIP: 30069UAA6<br>LEI: LGL4IE90TNTFYJ55BK06 | Long             | DBT              | CORP              | US        |    258000 | PA      | $272174.13    | 0.04%             | 2030-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| F&G Annuities & Life Inc                                                  | F&G Annuities & Life Inc 6.50 06/04/2029                                                  | CUSIP: 30190AAF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2410000 | PA      | $2486278.02   | 0.32%             | 2029-06-04      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust 2021-ESH                                      | Extended Stay America Trust 2021-ESH 6.68                                                 | CUSIP: 30227FAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3072381 | PA      | $3079549.24   | 0.40%             | 2038-07-15      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust 2021-ESH                                      | Extended Stay America Trust 2021-ESH 7.28                                                 | CUSIP: 30227FAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1372364 | PA      | $1377595.06   | 0.18%             | 2038-07-15      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICS                                                         | Fannie Mae REMICS 4.00                                                                    | CUSIP: 3136ATJJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1196962 | PA      | $210247.01    | 0.03%             | 2046-08-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICS                                                         | Fannie Mae REMICS 6.00                                                                    | CUSIP: 3136AVGN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    776589 | PA      | $121057.15    | 0.02%             | 2047-02-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest Strip                                                 | Fannie Mae Interest Strip 4.00                                                            | CUSIP: 31395QSM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1136573 | PA      | $159671.85    | 0.02%             | 2042-07-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                       | Fifth Third Bancorp (pfd) 4.50% 09/30/2173 Perpetual                                      | CUSIP: 316773DB3<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EP               | CORP              | US        |   2300000 | NS      | $2295143.55   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| First Industrial LP                                                       | First Industrial LP 5.25 01/15/2031                                                       | CUSIP: 32055RAS6<br>LEI: 86MKNB3IKYZZT3E3OV11 | Long             | DBT              | CORP              | US        |    760000 | PA      | $769239.67    | 0.10%             | 2031-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| First Horizon Bank                                                        | First Horizon Bank 5.75 05/01/2030                                                        | CUSIP: 337158AJ8<br>LEI: COOWI3L2W9TPYR3WJX37 | Long             | DBT              | CORP              | US        |    446000 | PA      | $456355.39    | 0.06%             | 2030-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Flexential Issuer 2021-1                                                  | Flexential Issuer 2021-1 3.25                                                             | CUSIP: 33938MAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1936634.80   | 0.25%             | 2051-11-27      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC                                                  | Ford Motor Credit Co LLC 5.80 03/05/2027                                                  | CUSIP: 345397D83<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | CA        |   1530000 | PA      | $1542637.89   | 0.20%             | 2027-03-05      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC                                                  | Ford Motor Credit Co LLC 5.13 11/05/2026                                                  | CUSIP: 345397F81<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | CA        |   3025000 | PA      | $3018658.21   | 0.39%             | 2026-11-05      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STACR REMIC Trust 2022-DNA6                                   | Freddie Mac STACR REMIC Trust 2022-DNA6 6.46                                              | CUSIP: 35564KH36<br>LEI: 5493000IS30HKV5IAS29 | Long             | ABS-MBS          | CORP              | US        |    287154 | PA      | $289383.51    | 0.04%             | 2042-09-25      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STACR REMIC Trust 2022-DNA5                                   | Freddie Mac STACR REMIC Trust 2022-DNA5 7.26                                              | CUSIP: 35564KYN3<br>LEI: 5493000IS349P4O9HR58 | Long             | ABS-MBS          | CORP              | US        |    738942 | PA      | $755739.83    | 0.10%             | 2042-06-25      | Floating      | 7.26%                 | No            |                  2 | On Loan: No      |
| Freedom Mortgage Corp                                                     | Freedom Mortgage Corp 6.63 01/15/2027                                                     | CUSIP: 35640YAJ6<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |   3305000 | PA      | $3313209.62   | 0.43%             | 2027-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Freedom Mortgage Corp                                                     | Freedom Mortgage Corp 12.00 10/01/2028                                                    | CUSIP: 35640YAK3<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |    785000 | PA      | $844705.70    | 0.11%             | 2028-10-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd/London                                                 | Macquarie Bank Ltd/London (pfd) 6.13% 09/08/2173 Perpetual                                | CUSIP: 556079AB7<br>LEI: 549300MPRNPO6FWNKN78 | Long             | EP               | CORP              | GB        |   1837000 | NS      | $1847105.34   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Magallanes Inc                                                            | Warnermedia Holdings Inc 3.76 03/15/2027                                                  | CUSIP: 55903VBA0<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   4619000 | PA      | $4310500.27   | 0.56%             | 2027-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Magallanes Inc                                                            | Warnermedia Holdings Inc 3.76 03/15/2027                                                  | CUSIP: 55903VBL6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1388000 | PA      | $1355146.04   | 0.18%             | 2027-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Mars Inc                                                                  | Mars Inc 4.60 03/01/2028                                                                  | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    869000 | PA      | $876244.86    | 0.11%             | 2028-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Mattel Inc                                                                | Mattel Inc 5.88 12/15/2027                                                                | CUSIP: 577081BD3<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |   2270000 | PA      | $2277384.31   | 0.30%             | 2027-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP/Medline Co-Issuer Inc                                 | Medline Borrower LP/Medline Co-Issuer Inc 6.25 04/01/2029                                 | CUSIP: 58506DAA6<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   1888000 | PA      | $1941872.19   | 0.25%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Mexico City Airport Trust                                                 | Mexico City Airport Trust 3.88 04/30/2028                                                 | CUSIP: 59284MAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |   2802000 | PA      | $2723838.21   | 0.35%             | 2028-04-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd | Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd 6.50 06/20/2027 | CUSIP: 599191AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3270114 | PA      | $3276448.21   | 0.43%             | 2027-06-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust                                     | Mission Lane Credit Card Master Trust 5.41                                                | CUSIP: 60510MBW7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1408000 | PA      | $1407936.54   | 0.18%             | 2031-09-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank NA                                                    | Morgan Stanley Bank NA 5.02 01/12/2029                                                    | CUSIP: 61690DK72<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   4040000 | PA      | $4103700.58   | 0.53%             | 2029-01-12      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust 2018-L1                                    | Morgan Stanley Capital I Trust 2018-L1 3.00                                               | CUSIP: 61691QAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    769000 | PA      | $630224.11    | 0.08%             | 2051-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                            | Morgan Stanley 4.99 04/12/2029                                                            | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    968000 | PA      | $982212.15    | 0.13%             | 2029-04-12      | Variable      | 4.99%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust 2018-H3                                    | Morgan Stanley Capital I Trust 2018-H3 3.00                                               | CUSIP: 61767YAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    437000 | PA      | $366797.39    | 0.05%             | 2051-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust 2024-3                     | Morgan Stanley Residential Mortgage Loan Trust 2024-3 6.00                                | CUSIP: 61776QAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1015360 | PA      | $1019938.95   | 0.13%             | 2054-07-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Motorola Solutions Inc                                                    | Motorola Solutions Inc 4.85 08/15/2030                                                    | CUSIP: 620076CA5<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1395264.22   | 0.18%             | 2030-08-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Mountain View Funding CLO                                                 | Mountain View CLO 2017-2 LLC 6.22                                                         | CUSIP: 62432LAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2006638.00   | 0.26%             | 2031-01-16      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| NMI Holdings Inc                                                          | NMI Holdings Inc 6.00 08/15/2029                                                          | CUSIP: 629209AC1<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1643760.00   | 0.21%             | 2029-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NP SPE IX LP                                                              | NP SPE IX LP 2.57                                                                         | CUSIP: 62954JAA2<br>LEI: 549300M4DFCB4G0UM882 | Long             | ABS-MBS          | CORP              | US        |    616551 | PA      | $604733.43    | 0.08%             | 2049-09-20      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| National Bank Canada                                                      | National Bank of Canada 5.60 07/02/2027                                                   | CUSIP: 63307A3A1<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |   1580000 | PA      | $1597694.28   | 0.21%             | 2027-07-02      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| THPT 2023-THL Mortgage Trust                                              | THPT 2023-THL Mortgage Trust 7.92                                                         | CUSIP: 87252LAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2990000 | PA      | $3023867.43   | 0.39%             | 2034-12-10      | Variable      | 7.92%                 | No            |                  2 | On Loan: No      |
| TRTX 2021-FL4 Issuer Ltd                                                  | TRTX 2021-FL4 Issuer Ltd 5.63                                                             | CUSIP: 87276WAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1126070 | PA      | $1124577.89   | 0.15%             | 2038-03-15      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| GAIA Aviation Ltd                                                         | GAIA Aviation Ltd 3.97                                                                    | CUSIP: 87404LAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    378450 | PA      | $365604.21    | 0.05%             | 2044-12-15      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| Taylor Morrison Communities Inc                                           | Taylor Morrison Communities Inc 5.75 01/15/2028                                           | CUSIP: 87724RAB8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    946000 | PA      | $960855.98    | 0.13%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TEGNA Inc                                                                 | TEGNA Inc 4.75 03/15/2026                                                                 | CUSIP: 87901JAF2<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |   1434000 | PA      | $1432753.14   | 0.19%             | 2026-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp                                                     | Tenet Healthcare Corp 6.25 02/01/2027                                                     | CUSIP: 88033GDS6<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   2190000 | PA      | $2191284.33   | 0.29%             | 2027-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Warner Media LLC                                                          | Warner Media LLC 3.80 02/15/2027                                                          | CUSIP: 887317BB0<br>LEI: 5493004RSX004WU3UT62 | Long             | DBT              | CORP              | US        |   1658000 | PA      | $1604612.40   | 0.21%             | 2027-02-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| TopBuild Corp                                                             | TopBuild Corp 3.63 03/15/2029                                                             | CUSIP: 89055FAB9<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |   1475000 | PA      | $1396467.61   | 0.18%             | 2029-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank/The                                                 | Toronto-Dominion Bank/The 8.13 10/31/2082                                                 | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   2800000 | PA      | $2931339.60   | 0.38%             | 2082-10-31      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| TransDigm Inc                                                             | TransDigm Inc 4.63 01/15/2029                                                             | CUSIP: 893647BP1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1545000 | PA      | $1517055.57   | 0.20%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TransDigm Inc                                                             | TransDigm Inc 4.88 05/01/2029                                                             | CUSIP: 893647BQ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1545000 | PA      | $1519138.25   | 0.20%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TransDigm Inc                                                             | TRANSDIGM INC 2024 TERM LOAN I                                                            | CUSIP: 89364MCC6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    992462 | PA      | $997087.18    | 0.13%             | 2028-08-24      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| Triangle Re 2023-1 Ltd                                                    | Triangle Re 2023-1 Ltd 7.71                                                               | CUSIP: 89589AAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1169811 | PA      | $1183159.52   | 0.15%             | 2033-11-25      | Floating      | 7.71%                 | No            |                  2 | On Loan: No      |
| Trimaran CAVU LLC                                                         | Trimaran Cavu 2019-1 Ltd 6.22                                                             | CUSIP: 89624CDL3<br>LEI: 549300IGMQ24BLOIU872 | Long             | ABS-CBDO         | CORP              | US        |   2825000 | PA      | $2837319.83   | 0.37%             | 2037-01-20      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Truist Bank                                                               | Truist Bank 4.67 05/20/2027                                                               | CUSIP: 89788JAE9<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   1470000 | PA      | $1472410.29   | 0.19%             | 2027-05-20      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| Trust Fibra Uno                                                           | Trust Fibra Uno 4.87 01/15/2030                                                           | CUSIP: 898339AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |   2816000 | PA      | $2676196.58   | 0.35%             | 2030-01-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                              | UBS Group AG (pfd) 9.25% 05/13/2174 Perpetual                                             | CUSIP: 902613BF4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EP               | CORP              | CH        |   3510000 | NS      | $3839848.74   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust 2018-C14                                    | UBS Commercial Mortgage Trust 2018-C14 5.10                                               | CUSIP: 90278KBE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1929000 | PA      | $1868575.43   | 0.24%             | 2051-12-15      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust 2018-C15                                    | UBS Commercial Mortgage Trust 2018-C15 5.31                                               | CUSIP: 90278LAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    381000 | PA      | $344722.82    | 0.04%             | 2051-12-15      | Variable      | 5.31%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-27

**Name of Applicant:** American Century Investment Trust

**Signature:** Amy R. Bitter

**Name of Signer:** Amy R. Bitter

**Title:** Assistant Treasurer