# EDGAR Filing Document

**Accession Number:** 0000885709
**File Stem:** 0000940400-26-025030
**Filing Date:** 2026-6
**Character Count:** 163956
**Document Hash:** 85ad10b261e1b25bfe91ebbdb0ccf7c5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-025030.hdr.sgml**: 20260622

**ACCESSION NUMBER**: 0000940400-26-025030

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260622

**DATE AS OF CHANGE**: 20260622

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **CENTRAL INDEX KEY:** 0000885709

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06625
- **FILM NUMBER:** 261107534

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 2136251900

**MAIL ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDENFUNDS
- **DATE OF NAME CHANGE:** 20010423

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **DATE OF NAME CHANGE:** 19940104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** P&R INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### Payden Strategic Income Fund (Series ID: S000045226)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000140807 | Payden Strategic Income Fund (Investor Class) | PYSGX           |
| C000140808 | Payden Strategic Income Fund (SI Class)       | PYSIX           |
| C000248246 | Payden Strategic Income Fund (Adviser Class)  | PYSLX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PAYDEN & RYGEL INVESTMENT GROUP

- **b. Investment Company Act file number:** 811-06625

- **c. CIK number of Registrant:** 0000885709

- **d. LEI of Registrant:** 549300QJNYRKYZS3P282

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

  - **Street Address 1:** 333 South Grand Avenue

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90071

  - **Telephone number:** 213-625-1900

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

- **a. Name of Series:** Payden Strategic Income Fund

- **b. EDGAR series identifier (if any):** S000045226

- **c. LEI of Series:** 5493002EUNEMBLRCKL57

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $190268996.97

**Total Liabilities:** $5081741.62

**Net Assets:** $185187255.35

**Delayed Delivery Securities:** $850000.00

**Cash Not Reported:** $1719473.44

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 145.00000000 | **5-Year:** 6046.00000000 | **10-Year:** 14300.00000000 | **30-Year:** 22626.00000000

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

- **3-Month:** 197.00000000 | **1-Year:** 420.00000000 | **5-Year:** 2520.00000000 | **10-Year:** 668.00000000 | **30-Year:** 9426.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000140807 | 0.82%                | -1.42%               | 0.61%                |
| Class ID C000140808 | 0.83%                | -1.42%               | 0.62%                |
| Class ID C000248246 | 0.80%                | -1.56%               | 0.59%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-75481.28               | $1437464.76                                |
| Month 2  | $-5559.54                | $-3722743.01                               |
| Month 3  | $-58369.47               | $577188.11                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BNP PARIBAS SECURITIES CORP.                                    | GBP/USD FORWARD                                                                                                                                | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-453.94      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                       | IRS USD                                                                                                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $194382.58    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                 | FR RA8415                                                                                                                                      | CUSIP: 3133KQK47<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1101403 | PA      | $1113334.78   | 0.60%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| C&W SENIOR FINANCE LTD                                          | CWCFIN 9 01/15/33 144A                                                                                                                         | CUSIP: 12665MAA0<br>LEI: 213800CG16G1YMJRCG10 | Long             | DBT              | CORP              | KY        |    550000 | PA      | $564127.12    | 0.30%             | 2033-01-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ROMANIA, REPUBLIC OF - MINISTRY OF FINANCE                      | ROMANI 5.75 09/16/30 144A                                                                                                                      | CUSIP: 77586RAY6<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    300000 | PA      | $303563.39    | 0.16%             | 2030-09-16      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2025-1                               | VERUS 2025-1 A1                                                                                                                                | CUSIP: 92540TAA8<br>LEI: 213800JOKZMXZECMAB50 | Long             | ABS-O            | CORP              | US        |    568544 | PA      | $572653.78    | 0.31%             | 2070-01-25      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                                            | FLTR 5.875 06/04/31 144A                                                                                                                       | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    300000 | PA      | $299112.00    | 0.16%             | 2031-06-04      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                       | SUN 6.25 07/01/33 144A                                                                                                                         | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    250000 | PA      | $255640.75    | 0.14%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FLOWERS FOODS INC                                               | FLO 5.75 03/15/35                                                                                                                              | CUSIP: 343498AD3<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | DBT              | CORP              | US        |    500000 | PA      | $482098.95    | 0.26%             | 2035-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| BXMT 2026-FL6 LTD                                               | BXMT 2026-FL6 A                                                                                                                                | CUSIP: 05620AAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $300186.24    | 0.16%             | 2043-08-19      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2022-NQM3                       | BRAVO 2026-NQM1 A1                                                                                                                             | CUSIP: 10570CAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    343884 | PA      | $342392.91    | 0.18%             | 2065-12-25      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATIONAL INFORMATION SERVICES INC                      | FIS 4.45 03/10/28                                                                                                                              | CUSIP: 31620MCA2<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |    500000 | PA      | $498711.50    | 0.27%             | 2028-03-10      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                       | IRS USD                                                                                                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $-50151.23    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| CDW LLC                                                         | CDW 5.55 08/22/34                                                                                                                              | CUSIP: 12513GBL2<br>LEI: 549300RU2J599RPFD076 | Long             | DBT              | CORP              | US        |    350000 | PA      | $346888.33    | 0.19%             | 2034-08-22      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHOSPHATES SA                              | OCPMR 6.1 04/30/30 144A                                                                                                                        | CUSIP: 67091TAH8<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    250000 | PA      | $255289.09    | 0.14%             | 2030-04-30      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| JANE STREET GROUP LLC                                           | JANEST 6.125 11/01/32 144A                                                                                                                     | CUSIP: 47077WAD0<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |    600000 | PA      | $603496.43    | 0.33%             | 2032-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| TACO BELL FUNDING LLC                                           | BELL 2025-1A A2I                                                                                                                               | CUSIP: 87342RAK0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    550000 | PA      | $544953.37    | 0.29%             | 2055-08-25      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| COMPANIA DE MINAS BUENAVENTURA SA                               | BUENAV 6.8 02/04/32 144A                                                                                                                       | CUSIP: 204448AB0<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | DBT              | CORP              | PE        |    250000 | PA      | $256920.00    | 0.14%             | 2032-02-04      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| PAYDEN & RYGEL INVESTMENT GROUP (THE)                           | Payden Emerging Markets Local Bond Fund                                                                                                        | CUSIP: 70432T867<br>LEI: 549300QJNYRKYZS3P282 | Long             | EC               | RF                | US        |    197095 | NS      | $1899999.99   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC FINANCIAL SERVICES INC                                 | PFSI 6.875 05/15/32 144A                                                                                                                       | CUSIP: 70932MAG2<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197958.90    | 0.11%             | 2032-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Hut 8 DC LLC                                                    | HUTRBA 6.192 11/15/42 144A                                                                                                                     | CUSIP: 44813DAA4<br>LEI: 2549001DBTVKADI7M690 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $504454.30    | 0.27%             | 2042-11-15      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2017-4                      | NRZT 2017-4A A1                                                                                                                                | CUSIP: 64829NAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    142286 | PA      | $137243.95    | 0.07%             | 2057-05-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| LYB INTERNATIONAL FINANCE III LLC                               | LYB 5.875 01/15/36                                                                                                                             | CUSIP: 50249AAR4<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |    650000 | PA      | $656932.94    | 0.35%             | 2036-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                       | IRS USD                                                                                                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $147587.04    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| MIC Glen LLC                                                    | MIC GLEN LLC                                                                                                                                   | CUSIP: 55304PAH4<br>LEI: 549300XD843A2SP50882 | Long             | LON              | CORP              | US        |    425505 | PA      | $428639.07    | 0.23%             | 2028-07-21      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| SAAVI ENERGIA SARL                                              | SAAVIE 8.875 02/10/35 144A                                                                                                                     | CUSIP: 78518PAA3<br>LEI: 254900A2V0IO8K56UH35 | Long             | DBT              | CORP              | LU        |    300000 | PA      | $334065.00    | 0.18%             | 2035-02-10      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                      | COF V5.399 01/30/37                                                                                                                            | CUSIP: 14040HDQ5<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    900000 | PA      | $884383.26    | 0.48%             | 2037-01-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                           | FN CB4211                                                                                                                                      | CUSIP: 3140QPVD6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1672652 | PA      | $1618423.99   | 0.87%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SWCH COMMERCIAL MORTGAGE TRUST 2025-DATA                        | SWCH 2025-DATA E                                                                                                                               | CUSIP: 78489CAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $396408.32    | 0.21%             | 2042-02-18      | Floating      | 6.99%                 | No            |                  2 | On Loan: No      |
| EQUINIX EUROPE 2 FINANCING CORP LLC                             | EQIX 4.6 11/15/30                                                                                                                              | CUSIP: 29390XAG9<br>LEI: 254900FSZR46BPMCKI50 | Long             | DBT              | CORP              | US        |    600000 | PA      | $595988.12    | 0.32%             | 2030-11-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FUNDING LTD                                     | AVOL 4.7 01/30/31 144A                                                                                                                         | CUSIP: 05401ABD2<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    600000 | PA      | $589503.87    | 0.32%             | 2031-01-30      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                                   | GS V5.065 01/21/37                                                                                                                             | CUSIP: 38145GAS9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    850000 | PA      | $831305.48    | 0.45%             | 2037-01-21      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| CPPIB CAPITAL INC                                               | CPPIBC 1.95 09/30/29 144A                                                                                                                      | CUSIP: 12593CAJ0<br>LEI: 549300KW9NB55HTDK075 | Long             | DBT              | CORP              | CA        |    830000 | PA      | $586276.29    | 0.32%             | 2029-09-30      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| PARAGUAY, REPUBLIC OF - MINISTRY OF FINANCE                     | PARGUY 6.65 03/04/55 144A                                                                                                                      | CUSIP: 699149BY5<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    200000 | PA      | $211550.00    | 0.11%             | 2055-03-04      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                       | IRS USD                                                                                                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $-137222.73   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| OHI GROUP SA                                                    | OHIFLY 13 07/22/29 144A                                                                                                                        | CUSIP: 67712MAB5<br>LEI: 529900GW2J8DSYJHEH26 | Long             | DBT              | CORP              | LU        |    332500 | PA      | $338912.18    | 0.18%             | 2029-07-22      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| COLOGIX CANADIAN ISSUER LP                                      | CLGIX 2022-1CAN A2                                                                                                                             | CUSIP: 19521DAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    675000 | PA      | $494193.32    | 0.27%             | 2052-01-25      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                                              | RRX 6.4 04/15/33                                                                                                                               | CUSIP: 758750AP8<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    400000 | PA      | $425727.97    | 0.23%             | 2033-04-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT            | T 4.75 02/15/56                                                                                                                                | CUSIP: 912810UR7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    560000 | PA      | $539218.75    | 0.29%             | 2056-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BCPE FLAVOR DEBT MERGER SUB LLC                                 | SIZPLT 9.5 07/01/32 144A                                                                                                                       | CUSIP: 072933AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425000 | PA      | $370993.00    | 0.20%             | 2032-07-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: —       |
| CVR ENERGY INC                                                  | CVI 7.875 02/15/34 144A                                                                                                                        | CUSIP: 12662PAJ7<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |    500000 | PA      | $501833.00    | 0.27%             | 2034-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                           | FN CB8021                                                                                                                                      | CUSIP: 3140QT4F3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    487393 | PA      | $513077.89    | 0.28%             | 2054-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SNF GROUP SA                                                    | SNFF 5.626 03/31/31 144A                                                                                                                       | CUSIP: 784944AA8<br>LEI: 969500F7036FEDYPRV54 | Long             | DBT              | CORP              | FR        |    500000 | PA      | $507016.84    | 0.27%             | 2031-03-31      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC                                                    | PETM 7.5 09/15/32                                                                                                                              | CUSIP: 71677KAC2<br>LEI: 894500NGJMHSFNESGA67 | Long             | DBT              | CORP              | US        |    250000 | PA      | $253338.40    | 0.14%             | 2032-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM16 TRUST                                            | OBX 2024-NQM16 A1                                                                                                                              | CUSIP: 67120GAA6<br>LEI: 254900AIRPH5Q5COT575 | Long             | ABS-O            | CORP              | US        |    233347 | PA      | $235078.03    | 0.13%             | 2064-10-25      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                       | IRS USD                                                                                                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $-105046.30   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Juniper Receivables 2021-2 DAC Holding Class R-1 Notes          | Juniper Receivables 2021-2 DAC Holding Class R-1 Notes                                                                                         | CUSIP: 48204VAA2<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         1 | NS      | $109997.37    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| BKV UPSTREAM MIDSTREAM LLC                                      | BKVCOR 7.5 10/15/30 144A                                                                                                                       | CUSIP: 05619CAA3<br>LEI: 254900LG75NBYHBBAU18 | Long             | DBT              | CORP              | US        |    300000 | PA      | $308252.10    | 0.17%             | 2030-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT            | TII 1.625 04/15/30                                                                                                                             | CUSIP: 91282CNB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3808538 | PA      | $3869504.52   | 2.09%             | 2030-04-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| REPSOL E&P CAPITAL MARKETS US LLC                               | REPSEP 5.204 09/16/30 144A                                                                                                                     | CUSIP: 76026AAB3<br>LEI: 894500D0J12FRZ3Q0M15 | Long             | DBT              | CORP              | US        |    500000 | PA      | $506400.41    | 0.27%             | 2030-09-16      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                           | WFC V4.078 09/15/29                                                                                                                            | CUSIP: 95000U4A8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    750000 | PA      | $742540.67    | 0.40%             | 2029-09-15      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT            | T 3.75 10/31/32                                                                                                                                | CUSIP: 91282CPF2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2927812.50   | 1.58%             | 2032-10-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS PRIVATE CREDIT CORP                               | GSCRED 5.375 01/31/29 144A                                                                                                                     | CUSIP: 38152BAE1<br>LEI: 549300TD27G6372IYJ65 | Long             | DBT              | CORP              | US        |    300000 | PA      | $296321.11    | 0.16%             | 2029-01-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                                   | GS V5.218 04/23/31                                                                                                                             | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203291.54    | 0.11%             | 2031-04-23      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| PHILLIPS EDISON GROCERY CENTER OPERATING PARTNERSHIP I LP       | PECO 4.75 03/15/33                                                                                                                             | CUSIP: 71845JAE8<br>LEI: 549300WUPIVS6ZE0ZI51 | Long             | DBT              | CORP              | US        |    650000 | PA      | $637652.95    | 0.34%             | 2033-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Fr Br Holdings, L.L.C.                                          | FR BR Holdings (Blue Racer) Term Loan B 425 2030-09-23                                                                                         | CUSIP: 30260XAD1<br>LEI: 549300FJFG2CK1VX3Y85 | Long             | LON              | CORP              | US        |    291397 | PA      | $292489.70    | 0.16%             | 2030-10-09      | Floating      | 7.95%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                       | IRS AUD                                                                                                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $-159236.70   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| DOMINICAN, REPUBLIC OF - MINISTERIO DE HACIENDA                 | DOMREP 6.6 06/01/36 144a                                                                                                                       | CUSIP: 25714PEZ7<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    350000 | PA      | $360412.50    | 0.19%             | 2036-06-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PARTNERS LP                                    | AM 5.75 10/15/33 144A                                                                                                                          | CUSIP: 03690AAM8<br>LEI: 529900HFO1BDEIT4QU11 | Long             | DBT              | CORP              | US        |    300000 | PA      | $299579.28    | 0.16%             | 2033-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                      | GSYCN 6.875 05/15/30 144a                                                                                                                      | CUSIP: 380355AM9<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $422603.49    | 0.23%             | 2030-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LAST MILE LOGISTICS PAN EURO FINANCE DAC                        | LMLOG 1A D                                                                                                                                     | CUSIP: 000000000<br>LEI: 635400NOPX1IKIAX7N90 | Long             | ABS-O            | CORP              | IE        |    184416 | PA      | $216516.00    | 0.12%             | 2033-08-17      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| TENNESSEE VALLEY AUTHORITY (TN)                                 | TVA 5.25 09/15/39                                                                                                                              | CUSIP: 880591EH1<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |    950000 | PA      | $988276.94    | 0.53%             | 2039-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BSPRT 2025-FL12 ISSUER LLC                                      | BSPRT 2025-FL12 AS                                                                                                                             | CUSIP: 05619BAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    300000 | PA      | $300572.67    | 0.16%             | 2043-01-17      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                              | ALLY V7.1 PERP D                                                                                                                               | CUSIP: 02005NCB4<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    450000 | PA      | $449812.26    | 0.24%             | N/A             | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| BBVA MEXICO SA TEXAS BRANCH                                     | BBVASM 5.25 09/10/29 144A                                                                                                                      | CUSIP: 07336UAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $305775.00    | 0.17%             | 2029-09-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ABU DHABI NATIONAL ENERGY COMPANY PJSC (TAQA)                   | TAQAUH 4.375 10/09/31 144A                                                                                                                     | CUSIP: 00388WAQ4<br>LEI: 213800UNJSVQFNUYYW03 | Long             | DBT              | CORP              | AE        |    700000 | PA      | $683722.01    | 0.37%             | 2031-10-09      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HEWLETT PACKARD ENTERPRISE COMPANY                              | HPE 5 10/15/34                                                                                                                                 | CUSIP: 42824CBV0<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    325000 | PA      | $317703.11    | 0.17%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                       | IRS USD                                                                                                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $-135313.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| LAST MILE LOGISTICS PAN EURO FINANCE DAC                        | LMLOG 1X E                                                                                                                                     | CUSIP: 000000000<br>LEI: 635400NOPX1IKIAX7N90 | Long             | ABS-O            | CORP              | IE        |    776488 | PA      | $911155.13    | 0.49%             | 2033-08-17      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                 | FR RA8249                                                                                                                                      | CUSIP: 3133KQEW2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    806079 | PA      | $815307.84    | 0.44%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                      | COF V7.624 10/30/31 .                                                                                                                          | CUSIP: 14040HDC6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    275000 | PA      | $303664.27    | 0.16%             | 2031-10-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL | BRAZIL 4.875 04/23/33                                                                                                                          | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    280000 | PA      | $325746.56    | 0.18%             | 2033-04-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GALAXY XXII CLO LTD                                             | GALXY 2016-22A AR4                                                                                                                             | CUSIP: 36320TBM4<br>LEI: 54930022KENWLYJ8SJ86 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $998555.00    | 0.54%             | 2034-04-17      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                           | FN MA5040                                                                                                                                      | CUSIP: 31418ES68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1269661 | PA      | $1303933.42   | 0.70%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ARBYS FUNDING LLC                                               | ARBYS 2020-1A A2                                                                                                                               | CUSIP: 038779AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    207900 | PA      | $203308.88    | 0.11%             | 2050-07-30      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERATING LP                                  | WES 6.35 01/15/29                                                                                                                              | CUSIP: 958667AF4<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104116.51    | 0.06%             | 2029-01-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Rec                                  | American Credit Acceptance Receivables Trust 2026-2                                                                                            | CUSIP: 02528FAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $499586.50    | 0.27%             | 2032-05-10      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                              | BX 2026-CSMO B                                                                                                                                 | CUSIP: 12433LAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $501806.30    | 0.27%             | 2031-02-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                       | IRS USD                                                                                                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $230333.26    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2026-1                               | VERUS 2026-1 A1                                                                                                                                | CUSIP: 92541JAF8<br>LEI: 2138009KJR7Q44BI8668 | Long             | ABS-O            | CORP              | US        |    194782 | PA      | $194190.32    | 0.10%             | 2071-01-25      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| BERMUDA, GOVERNMENT OF                                          | BERMUD 3.375 08/20/50 144A                                                                                                                     | CUSIP: 085209AH7<br>LEI: 549300FP5PUZXX9FVJ40 | Long             | DBT              | NUSS              | BM        |    200000 | PA      | $141660.00    | 0.08%             | 2050-08-20      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| PERU, REPUBLIC OF - DIRECCION GENERAL DE CREDITO PUBLICO        | PERU 5.375 02/08/35                                                                                                                            | CUSIP: 715638EB4<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    300000 | PA      | $303150.00    | 0.16%             | 2035-02-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM12 TRUST                                            | OBX 2024-NQM12 A1                                                                                                                              | CUSIP: 67448PAA1<br>LEI: 254900MY906NOBBPOA44 | Long             | ABS-O            | CORP              | US        |    290305 | PA      | $291663.43    | 0.16%             | 2064-07-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC (THE)                                    | WMB 5.65 03/15/33                                                                                                                              | CUSIP: 969457CJ7<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    800000 | PA      | $828680.42    | 0.45%             | 2033-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORP                                           | OBDC 5.95 03/15/29                                                                                                                             | CUSIP: 69121KAH7<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    400000 | PA      | $397746.60    | 0.21%             | 2029-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2024-8                               | VERUS 2024-8 A1                                                                                                                                | CUSIP: 92540PAA6<br>LEI: 213800RZ8QGNZ38DSP77 | Long             | ABS-O            | CORP              | US        |    238278 | PA      | $239171.66    | 0.13%             | 2069-10-25      | Variable      | 5.36%                 | No            |                  2 | On Loan: No      |
| IDAHO HSG & FIN ASSN                                            | ID IDSSFH 6 01/01/2065                                                                                                                         | CUSIP: 45129Y7Z3<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    340000 | PA      | $354580.61    | 0.19%             | 2065-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BANCO BILBAO VIZCAYA ARGENTARIA SA                              | BBVASM V6.138 09/14/28                                                                                                                         | CUSIP: 05946KAL5<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |    425000 | PA      | $434475.95    | 0.23%             | 2028-09-14      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                              | ET 5.75 02/15/33                                                                                                                               | CUSIP: 29273VAQ3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    400000 | PA      | $416657.13    | 0.22%             | 2033-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                                       | IRS USD                                                                                                                                        | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $117848.85    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT            | TII 1.375 07/15/33                                                                                                                             | CUSIP: 91282CHP9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3012744 | PA      | $2970382.26   | 1.60%             | 2033-07-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| BAIN CAPITAL CREDIT CLO 2021-4 LTD                              | BCC 2021-4A A1RR                                                                                                                               | CUSIP: 05685ABA5<br>LEI: 254900YJBP8866ZPO033 | Long             | ABS-CBDO         | CORP              | KY        |    900000 | PA      | $899087.40    | 0.49%             | 2034-10-20      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| CROSS 2024-H7 MORTGAGED TRUST                                   | CROSS 2024-H7 A1                                                                                                                               | CUSIP: 22757CAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    211027 | PA      | $212193.92    | 0.11%             | 2069-11-25      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR TRUST 2019-FTR3                               | STACR 2019-FTR3 B2                                                                                                                             | CUSIP: 35565EAE2<br>LEI: 5493009ZFZYH4FRCW638 | Long             | ABS-O            | USGSE             | US        |    300000 | PA      | $328185.42    | 0.18%             | 2047-09-25      | Floating      | 8.56%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                           | FN CB4127                                                                                                                                      | CUSIP: 3140QPSR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    926384 | PA      | $895475.69    | 0.48%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DC COMMERCIAL MORTGAGE TRUST 2023-D                             | DC 2023-DC A                                                                                                                                   | CUSIP: 24023AAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $408796.04    | 0.22%             | 2040-09-12      | Fixed         | 6.31%                 | No            |                  2 | On Loan: No      |
| CATURUS ENERGY LLC                                              | KTGLLC 7.125 05/15/31 144A                                                                                                                     | CUSIP: 149482AA9<br>LEI: 254900LM244SIFQ1QY31 | Long             | DBT              | CORP              | US        |    400000 | PA      | $401603.15    | 0.22%             | 2031-05-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT            | T 4.75 08/15/55                                                                                                                                | CUSIP: 912810UM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1550000 | PA      | $1491390.63   | 0.81%             | 2055-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                           | FN FS8791                                                                                                                                      | CUSIP: 3140XQXV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    420848 | PA      | $430400.17    | 0.23%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                                           | FABSJV 5.9 01/25/30                                                                                                                            | CUSIP: 350930AB9<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    500000 | PA      | $518989.34    | 0.28%             | 2030-01-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD                                              | ATH V6.625 10/15/54                                                                                                                            | CUSIP: 04686JAJ0<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |    500000 | PA      | $485856.40    | 0.26%             | 2054-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| METRONET INFRASTRUCTURE ISSUER LLC                              | MNET 2026-1A A2                                                                                                                                | CUSIP: 59170JBK3<br>LEI: 5493000BIROCAEATAQ61 | Long             | ABS-O            | CORP              | US        |    850000 | PA      | $853579.35    | 0.46%             | 2056-04-20      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERATING LP                                  | WES 6.15 04/01/33                                                                                                                              | CUSIP: 958667AE7<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    250000 | PA      | $262337.17    | 0.14%             | 2033-04-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT            | T 2 08/15/51                                                                                                                                   | CUSIP: 912810SZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1940000 | PA      | $1091060.54   | 0.59%             | 2051-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                              | SANTAN V1.722 09/14/27                                                                                                                         | CUSIP: 05964HAN5<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $395788.84    | 0.21%             | 2027-09-14      | Fixed         | 1.72%                 | No            |                  2 | On Loan: No      |
| BSPRT 2025-FL12 ISSUER LLC                                      | BSPRT 2025-FL12 A                                                                                                                              | CUSIP: 05619BAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    400000 | PA      | $400747.20    | 0.22%             | 2043-01-17      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                            | CLF 7 03/15/32 144A                                                                                                                            | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    600000 | PA      | $600375.96    | 0.32%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DRIVEN BRANDS FUNDING LLC                                       | HONK 2020-1A A2                                                                                                                                | CUSIP: 26209XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    559323 | PA      | $541186.85    | 0.29%             | 2050-07-20      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| MONTMARTRE EURO CLO 2020-2 DAC                                  | MONTM 2020-2A A1R                                                                                                                              | CUSIP: 000000000<br>LEI: 213800HCQ9D9IBM16U83 | Long             | ABS-O            | CORP              | IE        |    219832 | PA      | $257853.65    | 0.14%             | 2034-07-15      | Floating      | 3.16%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES11                                  | RCKT 2025-CES11 A1A                                                                                                                            | CUSIP: 749423AA7<br>LEI: 254900BTBXWWIQBK4D47 | Long             | ABS-O            | CORP              | US        |    553531 | PA      | $551385.88    | 0.30%             | 2055-11-25      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| ACORE 2026-FL1 ISSUER LLC                                       | ACORE 2026-FL1 A                                                                                                                               | CUSIP: 00485EAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    300000 | PA      | $300277.08    | 0.16%             | 2043-08-20      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                          | Ultra 10-Year U.S. Treasury Note Futures, Jun-2026,ETH                                                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        45 | NC      | $-13513.05    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| EXPAND ENERGY CORP                                              | EXE 5.7 01/15/35                                                                                                                               | CUSIP: 165167DH7<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    750000 | PA      | $765317.49    | 0.41%             | 2035-01-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| MAGNOLIA OIL & GAS OPERATING LLC                                | MGY 6.875 12/01/32 144A                                                                                                                        | CUSIP: 559665AB0<br>LEI: 984500CG376B0B99F016 | Long             | DBT              | CORP              | US        |    450000 | PA      | $465855.30    | 0.25%             | 2032-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA (THE)                                       | BNS V8 01/27/84                                                                                                                                | CUSIP: 0641598V1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    700000 | PA      | $742740.60    | 0.40%             | 2084-01-27      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2025-NQM9                       | BRAVO 2025-NQM9 A1                                                                                                                             | CUSIP: 10569WAC5<br>LEI: 254900XY2WSFF1Q6S467 | Long             | ABS-O            | CORP              | US        |    445379 | PA      | $444899.27    | 0.24%             | 2065-09-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2025-NQM10                      | BRAVO 2025-NQM10 A1                                                                                                                            | CUSIP: 10570BAC8<br>LEI: 2549000KHGUZMZ31N203 | Long             | ABS-O            | CORP              | US        |    647910 | PA      | $646073.08    | 0.35%             | 2065-09-25      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| HEWLETT PACKARD ENTERPRISE COMPANY                              | HPE 4.4 10/15/30                                                                                                                               | CUSIP: 42824CCA5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    700000 | PA      | $688405.40    | 0.37%             | 2030-10-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES5                                   | RCKT 2025-CES5 A1A                                                                                                                             | CUSIP: 74942CAA7<br>LEI: 2549008EA2IHW9G2TZ48 | Long             | ABS-O            | CORP              | US        |    296711 | PA      | $299072.21    | 0.16%             | 2055-05-25      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| PLANET FITNESS MASTER ISSUER LLC SERIES 2018-1                  | PLNT 2019-1A A2                                                                                                                                | CUSIP: 72703PAC7<br>LEI: 549300NX9W3U2DO53T22 | Long             | ABS-O            | CORP              | US        |    384375 | PA      | $364954.49    | 0.20%             | 2049-12-05      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES INC                                       | HBAN V6.141 11/18/39                                                                                                                           | CUSIP: 446150BF0<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    600000 | PA      | $611655.65    | 0.33%             | 2039-11-18      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| Nationstar Mortgage Loan Trust                                  | NSMLT 2013-A A                                                                                                                                 | CUSIP: 63861HAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     22245 | PA      | $21376.30     | 0.01%             | 2052-12-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| SANTANDER CONSUMER AUTO RECEIVABLES TRUST 2021-C                | SANTANDER CONSUMER AUTO RECEIVABLES TRUST 2021-C                                                                                               | CUSIP: 80281HAD6<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        50 | NS      | $530559.78    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| NXPT COMMERCIAL MORTGAGE TRUST 2024-STOR                        | NXPT 2024-STOR A                                                                                                                               | CUSIP: 67119YAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $738808.43    | 0.40%             | 2041-11-07      | Variable      | 4.46%                 | No            |                  2 | On Loan: No      |
| SOUTH AFRICA, REPUBLIC OF - NATIONAL TREASURY                   | SOAF 5.875 06/22/30 12Y                                                                                                                        | CUSIP: 836205AY0<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    250000 | PA      | $255102.55    | 0.14%             | 2030-06-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DRYDEN SENIOR LOAN FUND                                         | DRSLF 2018-55A A1                                                                                                                              | CUSIP: 26245MAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     74337 | PA      | $74350.92     | 0.04%             | 2031-04-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                                    | SNPS 4.85 04/01/30                                                                                                                             | CUSIP: 871607AC1<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    700000 | PA      | $706160.37    | 0.38%             | 2030-04-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                        | TIBX 6.625 08/15/33 144A                                                                                                                       | CUSIP: 18912UAG7<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    550000 | PA      | $493084.81    | 0.27%             | 2033-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: —       |
| GOLDMAN SACHS GROUP INC (THE)                                   | GS V5.049 07/23/30                                                                                                                             | CUSIP: 38141GB29<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    500000 | PA      | $505837.59    | 0.27%             | 2030-07-23      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA INC                                      | SANUSA V5.353 09/06/30                                                                                                                         | CUSIP: 80282KBM7<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    275000 | PA      | $277960.08    | 0.15%             | 2030-09-06      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                           | FN MA4785                                                                                                                                      | CUSIP: 31418EJ76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2197490 | PA      | $2178179.29   | 1.18%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE SECURED LENDING FUND                                 | BXSL 2.75 09/16/26                                                                                                                             | CUSIP: 09261XAB8<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |    625000 | PA      | $618982.59    | 0.33%             | 2026-09-16      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                                              | CNX 7.25 03/01/32 144A                                                                                                                         | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |    370000 | PA      | $386967.33    | 0.21%             | 2032-03-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                              | ALLY V4.7 PERP B                                                                                                                               | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    450000 | PA      | $449104.77    | 0.24%             | N/A             | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| GUATEMALA, REPUBLIC OF - MINISTRY OF PUBLIC FINANCE             | GUATEM 4.5 05/03/26 REGS                                                                                                                       | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    590000 | PA      | $591475.00    | 0.32%             | 2026-05-03      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DISTRICT OF COLUMBIA WATER AND SEWER AUTHORITY (DC)             | DC DISUTL 4.81 10/01/2114                                                                                                                      | CUSIP: 254845JZ4<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |    250000 | PA      | $205277.65    | 0.11%             | 2114-10-01      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL COMPANY                                       | ARAMCO 5.875 07/17/64 144A                                                                                                                     | CUSIP: 80414L2Q7<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    600000 | PA      | $566236.84    | 0.31%             | 2064-07-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                                  | VARNO 8 11/15/32 144A                                                                                                                          | CUSIP: 92212WAE0<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    400000 | PA      | $455496.60    | 0.25%             | 2032-11-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                         | HCA 3.5 09/01/30                                                                                                                               | CUSIP: 404119CA5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    260000 | PA      | $247259.87    | 0.13%             | 2030-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                              | BX 2024-XL5 D                                                                                                                                  | CUSIP: 05612GAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    525000 | PA      | $526496.72    | 0.28%             | 2041-03-15      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| MOSS CREEK RESOURCES HOLDINGS INC                               | MSSCRK 8.25 09/01/31 144A                                                                                                                      | CUSIP: 61965RAC9<br>LEI: 54930037SLMSPWKYIX36 | Long             | DBT              | CORP              | US        |    680000 | PA      | $688790.36    | 0.37%             | 2031-09-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| VB-S1 ISSUER LLC                                                | VBTEL 2024-1A F                                                                                                                                | CUSIP: 91823ABG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $307603.14    | 0.17%             | 2054-05-15      | Fixed         | 8.87%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDINGS INC                                   | JHXAU 5.875 01/31/31 144A                                                                                                                      | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500159.60    | 0.27%             | 2031-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Lackawanna Energy Center LLC                                    | LACKAWANNA ENERGY CENTER                                                                                                                       | CUSIP: 000000000<br>LEI: 549300IW2LJBNY42EC59 | Long             | LON              | CORP              | US        |    308321 | PA      | $309862.76    | 0.17%             | 2032-08-05      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA EARTHQUAKE AUTHORITY (CA)                            | CA CASGEN 5.6 07/01/2027                                                                                                                       | CUSIP: 13017HAP1<br>LEI: 254900P2MGLOUH3QS859 | Long             | DBT              | MUN               | US        |    295000 | PA      | $297377.95    | 0.16%             | 2027-07-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| TIERRA MOJADA LUXEMBOURG II SARL                                | TIEMOD 5.75 12/01/40 144A                                                                                                                      | CUSIP: 30260LAA3<br>LEI: 254900H2U8PBIY32VI94 | Long             | DBT              | CORP              | LU        |    263990 | PA      | $261865.01    | 0.14%             | 2040-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SV RNO PROPERTY OWNER 1 LLC                                     | TRACTC 5.875 03/01/31 144A                                                                                                                     | CUSIP: 78488XAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $343629.54    | 0.19%             | 2031-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELECTRICIDAD                                | CFELEC 6.045 01/28/34 144A                                                                                                                     | CUSIP: 200447AQ3<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |    400000 | PA      | $395452.00    | 0.21%             | 2034-01-28      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| DUQUESNE LIGHT HOLDINGS INC                                     | DQE 2.775 01/07/32 144A                                                                                                                        | CUSIP: 266233AJ4<br>LEI: 4CUJ1D8WDXK9X7QI6B93 | Long             | DBT              | CORP              | US        |    975000 | PA      | $862429.35    | 0.47%             | 2032-01-07      | Fixed         | 2.77%                 | No            |                  2 | On Loan: No      |
| CROSS 2024-H8 MORTGAGED TRUST                                   | CROSS 2024-H8 A1                                                                                                                               | CUSIP: 22757GAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    186322 | PA      | $187441.31    | 0.10%             | 2069-12-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST INC                                     | STWD 5.25 10/15/28 144A                                                                                                                        | CUSIP: 85571BBF1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    500000 | PA      | $497894.70    | 0.27%             | 2028-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY COMMERCIAL REAL ESTATE NOTES 2016-FL1 LTD          | ARCREN 2026-FL1 A                                                                                                                              | CUSIP: 03881XAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    700000 | PA      | $701539.23    | 0.38%             | 2043-09-22      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES UTICA HOLDINGS LLC/ARU FINANCE CORP            | ASCRES 6.625 07/15/33 144A                                                                                                                     | CUSIP: 04364VBA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $308376.60    | 0.17%             | 2033-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CENOVUS ENERGY INC                                              | CVECN 4.65 03/20/31                                                                                                                            | CUSIP: 15135UBA6<br>LEI: 549300F4XPHJ7NOSP309 | Long             | DBT              | CORP              | CA        |    700000 | PA      | $696684.84    | 0.38%             | 2031-03-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC                                          | BPLN V6.45 PERP                                                                                                                                | CUSIP: 05565QDW5<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |    350000 | PA      | $366684.15    | 0.20%             | N/A             | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| BASSWOOD PARK CLO LTD                                           | BARK 2021-1A AR                                                                                                                                | CUSIP: 070252AJ0<br>LEI: 5493005HSAGIQZIVAS94 | Long             | ABS-CBDO         | CORP              | KY        |    650000 | PA      | $650304.20    | 0.35%             | 2034-04-20      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2026-CES1                                   | RCKT 2026-CES1 A1A                                                                                                                             | CUSIP: 74939BAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    430388 | PA      | $427138.74    | 0.23%             | 2056-01-25      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| ALCOA NEDERLAND HOLDING BV                                      | AA 7.125 03/15/31 144A                                                                                                                         | CUSIP: 013822AH4<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |    550000 | PA      | $566362.93    | 0.31%             | 2031-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT            | T 3.875 12/31/32                                                                                                                               | CUSIP: 91282CPQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1770000 | PA      | $1737987.89   | 0.94%             | 2032-12-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM1 TRUST                                             | OBX 2025-NQM1 A1                                                                                                                               | CUSIP: 673914AC1<br>LEI: 2549007E8KF1RJ2ZV866 | Long             | ABS-O            | CORP              | US        |    367752 | PA      | $369985.97    | 0.20%             | 2064-12-25      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| GRUPO NUTRESA SA                                                | NUTRES V7.875 PERP 144A                                                                                                                        | CUSIP: 40052JAA9<br>LEI: 254900KKAX7B7RJUE255 | Long             | DBT              | CORP              | CO        |    400000 | PA      | $400000.00    | 0.22%             | N/A             | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Standard Industries INC                                         | Standard Building Solutions (Standard Industries) Term Loan B 200 2028-09-01                                                                   | CUSIP: 85350EAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    148312 | PA      | $148723.33    | 0.08%             | 2028-09-22      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                  | MS V5.23 01/15/31                                                                                                                              | CUSIP: 61748UAE2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    275000 | PA      | $279628.47    | 0.15%             | 2031-01-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| JUNIPER VALLEY PARK CLO LTD                                     | JNPPK 2023-1A CRR                                                                                                                              | CUSIP: 48206KBC9<br>LEI: 213800ACSV8GAJ4CCO70 | Long             | ABS-CBDO         | CORP              | JE        |    400000 | PA      | $399212.40    | 0.22%             | 2036-07-21      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| CF INDUSTRIES INC                                               | CF 5.3 11/26/35                                                                                                                                | CUSIP: 12527GAL7<br>LEI: 5FVKT86LAD2F40NPC183 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150338.10    | 0.08%             | 2035-11-26      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CROWN AMERICAS LLC                                              | CCK 5.875 06/01/33                                                                                                                             | CUSIP: 22819CAA6<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |    350000 | PA      | $352790.20    | 0.19%             | 2033-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BONDS 2024-FL13 LLC                                             | BDS 2024-FL13 A                                                                                                                                | CUSIP: 05555MAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    450000 | PA      | $451065.78    | 0.24%             | 2039-09-20      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| BDS 2026-FL17 LLC                                               | BDS 2026-FL17 A                                                                                                                                | CUSIP: 05494WAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    850000 | PA      | $852125.00    | 0.46%             | 2043-05-19      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM13 TRUST                                            | OBX 2024-NQM13 A1                                                                                                                              | CUSIP: 67119PAP6<br>LEI: 254900W2SY2Z6X7UAX78 | Long             | ABS-O            | CORP              | US        |    289012 | PA      | $289527.93    | 0.16%             | 2064-06-25      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STRUCTURED AGENCY CREDIT RISK TRUST 2018-HRP2       | STACR 2018-HRP2 B2                                                                                                                             | CUSIP: 35564ACC3<br>LEI: 549300YG8OJES76WL398 | Long             | ABS-O            | USGSE             | US        |    300000 | PA      | $360500.52    | 0.19%             | 2047-02-25      | Floating      | 14.26%                | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FUNDING TRUST 2024-NQM7                       | BRAVO 2024-NQM7 A1                                                                                                                             | CUSIP: 105698AC8<br>LEI: 254900T3YTF92WA96N66 | Long             | ABS-O            | CORP              | US        |    278248 | PA      | $279690.55    | 0.15%             | 2064-10-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| SM ENERGY COMPANY                                               | SM 6.625 04/15/34 144A                                                                                                                         | CUSIP: 78454LAZ3<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    300000 | PA      | $304276.50    | 0.16%             | 2034-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SWORD PURCHASER LLC                                             | SEE 8.25 04/15/33 144A                                                                                                                         | CUSIP: 87110CAB3<br>LEI: 254900S0VY2QTAITBR94 | Long             | DBT              | CORP              | US        |    425000 | PA      | $435201.35    | 0.24%             | 2033-04-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Pegasus Bidco Bv                                                | PEGASUS BIDCO BV                                                                                                                               | CUSIP: 000000000<br>LEI: 254900U303DPAFR7MA71 | Long             | LON              | CORP              | US        |    342184 | PA      | $344216.49    | 0.19%             | 2029-07-12      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| AZULE ENERGY FINANCE PLC                                        | AZURGY 8.125 01/23/30 144A                                                                                                                     | CUSIP: 05501YAA6<br>LEI: 2138006X6O82RJSQDB63 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $309702.90    | 0.17%             | 2030-01-23      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2024-XL4                           | BX 2024-XL4 D                                                                                                                                  | CUSIP: 05611VAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    639346 | PA      | $642526.74    | 0.35%             | 2039-02-15      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| Crescent Midstream Operating, LLC                               | CRESCENT MIDSTREAM INTERMEDIATE HOLDINGS LLC                                                                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    460000 | PA      | $463068.20    | 0.25%             | 2033-02-11      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| COTE D'IVOIRE, REPUBLIC OF                                      | IVYCST 7.625 01/30/33 144A                                                                                                                     | CUSIP: 221625AT3<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    300000 | PA      | $315277.38    | 0.17%             | 2033-01-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                                        | CRBG 3.9 04/05/32                                                                                                                              | CUSIP: 21871XAH2<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    900000 | PA      | $846344.11    | 0.46%             | 2032-04-05      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM18 TRUST                                            | OBX 2024-NQM18 A1                                                                                                                              | CUSIP: 673913AA7<br>LEI: 254900NK9PNLY9I00149 | Long             | ABS-O            | CORP              | US        |    153517 | PA      | $154204.48    | 0.08%             | 2064-10-25      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                              | ET 6.55 12/01/33                                                                                                                               | CUSIP: 29273VAU4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    600000 | PA      | $650624.70    | 0.35%             | 2033-12-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT            | T 4.75 05/15/55                                                                                                                                | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1900000 | PA      | $1827080.07   | 0.99%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| COLT 2025-10 MORTGAGE LOAN TRUST                                | COLT 2025-10 A1                                                                                                                                | CUSIP: 12675XAA4<br>LEI: 213800STFGFKQEQSRE63 | Long             | ABS-O            | CORP              | US        |    231274 | PA      | $231323.95    | 0.12%             | 2070-10-25      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| ASURION LLC / ASURION CO-ISSUER INC                             | ASUCOR 8 12/31/32 144A                                                                                                                         | CUSIP: 045941AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $250847.76    | 0.14%             | 2032-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| REGENTS OF THE UNIVERSITY OF CALIFORNIA (THE) (CA)              | CA UNVHGR 4.13 05/15/2032                                                                                                                      | CUSIP: 913366KV1<br>LEI: RRR42I7GG51DB5HDQR14 | Long             | DBT              | MUN               | US        |    600000 | PA      | $586961.84    | 0.32%             | 2032-05-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM16 TRUST                                            | OBX 2025-NQM16 A2                                                                                                                              | CUSIP: 67122DAF0<br>LEI: 254900WI6P4MRT24JH23 | Long             | ABS-O            | CORP              | US        |    239014 | PA      | $237649.80    | 0.13%             | 2065-08-25      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| COLT 2025-1 MORTGAGE LOAN TRUST                                 | COLT 2025-1 A1                                                                                                                                 | CUSIP: 196920AC6<br>LEI: 21380069FFOP8RZNF423 | Long             | ABS-O            | CORP              | US        |    523171 | PA      | $527096.02    | 0.28%             | 2070-01-27      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS SA DE CV                                    | PEMEX 6.7 02/16/32                                                                                                                             | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    450000 | PA      | $451748.25    | 0.24%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                           | FR RA7778                                                                                                                                      | CUSIP: 3133KPUB2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    571421 | PA      | $552355.78    | 0.30%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HPS CORPORATE LENDING FUND                                      | HLEND 5.3 06/05/27                                                                                                                             | CUSIP: 40440VAX3<br>LEI: 549300ZS7IHUA6FKFV61 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249073.87    | 0.13%             | 2027-06-05      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                         | KGS 5.875 04/01/31 144A                                                                                                                        | CUSIP: 50012LAF1<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    450000 | PA      | $453465.41    | 0.24%             | 2031-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| USA COMPRESSION PARTNERS LP                                     | USAC 6.25 10/01/33 144A                                                                                                                        | CUSIP: 91740PAH1<br>LEI: 5493000B1PEOKXRZEO65 | Long             | DBT              | CORP              | US        |    400000 | PA      | $403864.40    | 0.22%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                  | MS V5.073 01/30/37                                                                                                                             | CUSIP: 61748UAT9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    900000 | PA      | $880951.93    | 0.48%             | 2037-01-30      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| WESTERN-SOUTHERN GLOBAL FUNDING                                 | WSFIN 4.7 12/10/32 144A                                                                                                                        | CUSIP: 95954A2C6<br>LEI: 635400PFYEGVSGK4VB37 | Long             | DBT              | CORP              | US        |    650000 | PA      | $635619.32    | 0.34%             | 2032-12-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                       | OKE 5.8 11/01/30                                                                                                                               | CUSIP: 682680BK8<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    300000 | PA      | $311730.59    | 0.17%             | 2030-11-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS COMPANY                                          | GM 5.6 10/15/32                                                                                                                                | CUSIP: 37045VAZ3<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    550000 | PA      | $562838.27    | 0.30%             | 2032-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: —       |
| ROMANIA, REPUBLIC OF - MINISTRY OF FINANCE                      | ROMANI 5.75 07/04/36 144A                                                                                                                      | CUSIP: 775921AA7<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    300000 | PA      | $282991.57    | 0.15%             | 2036-07-04      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TRTX 2025-FL7 ISSUER LTD                                        | TRTX 2025-FL7 A                                                                                                                                | CUSIP: 87277LAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    550000 | PA      | $550811.25    | 0.30%             | 2043-06-18      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| SOLSTICE ADVANCED MATERIALS INC                                 | SOLADV 5.625 09/30/33 144A                                                                                                                     | CUSIP: 83443QAA1<br>LEI: 2138004GZ4H9TW6HK435 | Long             | DBT              | CORP              | US        |    500000 | PA      | $497551.70    | 0.27%             | 2033-09-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ARCHROCK SERVICES LP / ARCHROCK PARTNERS FINANCE CORP           | AROC 6 02/01/34 144A                                                                                                                           | CUSIP: 03958CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $503480.45    | 0.27%             | 2034-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                 | FR RA7790                                                                                                                                      | CUSIP: 3133KPUP1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    608923 | PA      | $605073.62    | 0.33%             | 2052-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                           | CAS 2024-R03 2M2                                                                                                                               | CUSIP: 207941AB1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    550000 | PA      | $555548.62    | 0.30%             | 2044-03-25      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                                   | CRWV 9 02/01/31 144A                                                                                                                           | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    700000 | PA      | $696436.69    | 0.38%             | 2031-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                  | NRG 6.25 11/01/34 144A                                                                                                                         | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    800000 | PA      | $809824.00    | 0.44%             | 2034-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CREDIT FUND                                  | BCRED 5.95 05/15/31                                                                                                                            | CUSIP: 09261HCC9<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    550000 | PA      | $541072.76    | 0.29%             | 2031-05-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: —       |
| GENERAL MOTORS FINANCIAL COMPANY INC                            | GM 4.6 01/08/31                                                                                                                                | CUSIP: 37045XFM3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    550000 | PA      | $543853.59    | 0.29%             | 2031-01-08      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                          | EXR 5.9 01/15/31                                                                                                                               | CUSIP: 30225VAR8<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |    600000 | PA      | $625089.01    | 0.34%             | 2031-01-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT            | T 4.25 11/15/34                                                                                                                                | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2050000 | PA      | $2039990.24   | 1.10%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PANAMA, REPUBLIC OF - MINISTRY OF PLANNING AND ECONOMIC POLICY  | PANAMA 5.227 02/23/34                                                                                                                          | CUSIP: 698299CB8<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    200000 | PA      | $199090.00    | 0.11%             | 2034-02-23      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                   | C V6.625 PERP                                                                                                                                  | CUSIP: 172967QJ3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    600000 | PA      | $607708.11    | 0.33%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES8                                   | RCKT 2025-CES8 A1A                                                                                                                             | CUSIP: 74939WAA8<br>LEI: 254900FCN7EI8DTYGA19 | Long             | ABS-O            | CORP              | US        |    453129 | PA      | $453356.04    | 0.24%             | 2055-08-25      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2024-9                               | VERUS 2024-9 A1                                                                                                                                | CUSIP: 92540RAC8<br>LEI: 213800LFRCPWSTP6LX39 | Long             | ABS-O            | CORP              | US        |    259415 | PA      | $260672.11    | 0.14%             | 2069-11-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| PAYDEN & RYGEL INVESTMENT GROUP (THE)                           | Payden Cash Reserves Money Market Fund                                                                                                         | CUSIP: 704329598<br>LEI: 549300QJNYRKYZS3P282 | Long             | STIV             | RF                | US        |   7678773 | NS      | $7678773.48   | 4.15%             |  |  |  | No            |                  1 | On Loan: No      |
| LAND O'LAKES INC                                                | LLAKES 7 PERP 144A                                                                                                                             | CUSIP: 514666AN6<br>LEI: 4ONCJWH5BBCYSJIJYX61 | Long             | DBT              | CORP              | US        |    200000 | PA      | $176930.72    | 0.10%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PARAGUAY, REPUBLIC OF - MINISTRY OF FINANCE                     | PARGUY 5.85 08/21/33 144A                                                                                                                      | CUSIP: 699149AM2<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |    450000 | PA      | $468112.50    | 0.25%             | 2033-08-21      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO E INVERSIONES SA                               | BCICI V8.75 PERP 144A                                                                                                                          | CUSIP: 05890MAC7<br>LEI: 549300E9E5Y3PKW24142 | Long             | DBT              | CORP              | CL        |    350000 | PA      | $376103.00    | 0.20%             | N/A             | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORP                                       | OXY 5.55 10/01/34                                                                                                                              | CUSIP: 674599EL5<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    450000 | PA      | $458119.80    | 0.25%             | 2034-10-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                      | COF V6.183 01/30/36                                                                                                                            | CUSIP: 14040HDJ1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203791.74    | 0.11%             | 2036-01-30      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT            | T 3.875 08/15/34                                                                                                                               | CUSIP: 91282CLF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1810000 | PA      | $1756725.20   | 0.95%             | 2034-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                           | FR RA7936                                                                                                                                      | CUSIP: 3133KPY93<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    482322 | PA      | $479491.56    | 0.26%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN STATE TOBACCO SECURITIZATION CORP (CA)                   | CA GLDGEN 2.75 06/01/2034                                                                                                                      | CUSIP: 38122NB50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $291843.78    | 0.16%             | 2034-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                    | BACR V5.829 05/09/27                                                                                                                           | CUSIP: 06738ECF0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    450000 | PA      | $450109.18    | 0.24%             | 2027-05-09      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO SECURITIES, LLC                                     | USD/EUR FORWARD                                                                                                                                | CUSIP: 000000000<br>LEI: VYVVCKR63DVZZN70PB21 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-65916.56    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| OBX 2024-NQM17 TRUST                                            | OBX 2024-NQM17 A1                                                                                                                              | CUSIP: 673911AC7<br>LEI: 254900HMH8TR6ZSMCB34 | Long             | ABS-O            | CORP              | US        |    162183 | PA      | $163591.98    | 0.09%             | 2064-11-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERATING LP                                  | WES 4.8 03/01/31                                                                                                                               | CUSIP: 958667AH0<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    700000 | PA      | $695515.20    | 0.38%             | 2031-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                                             | AHTLN 5.55 05/30/33 144A                                                                                                                       | CUSIP: 045054AQ6<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    450000 | PA      | $456738.52    | 0.25%             | 2033-05-30      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                                           | QUIKHO 6.75 03/01/33 144A                                                                                                                      | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    300000 | PA      | $304402.43    | 0.16%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW USA INFRASTRUCTURE HOLDINGS LLC                       | SOBOCN 5.584 10/01/34                                                                                                                          | CUSIP: 83007CAF9<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |    550000 | PA      | $548349.52    | 0.30%             | 2034-10-01      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                             | AMT 3.95 03/15/29                                                                                                                              | CUSIP: 03027XAU4<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    560000 | PA      | $551727.37    | 0.30%             | 2029-03-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| HPS CORPORATE LENDING FUND                                      | HLEND 4.9 09/11/28                                                                                                                             | CUSIP: 40440VBB0<br>LEI: 549300ZS7IHUA6FKFV61 | Long             | DBT              | CORP              | US        |    550000 | PA      | $538489.25    | 0.29%             | 2028-09-11      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY (CA)           | CA CASPOL 7.5 12/01/2039                                                                                                                       | CUSIP: 130536RK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245111 | PA      | $39.22        | 0.00%             | 2039-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY (PA)      | PA PASDEV 6.53 06/15/2039                                                                                                                      | CUSIP: 70869PFT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $431527.53    | 0.23%             | 2039-06-15      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| Verde Purchaser, LLC                                            | Veritiv Corp Term Loan B 400 2030-11-01                                                                                                        | CUSIP: 92338TAB2<br>LEI: 2549004HFEKMUGBG3Z35 | Long             | LON              | CORP              | US        |    541750 | PA      | $525749.41    | 0.28%             | 2030-11-29      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                                 | DANBNK V5.705 03/01/30 144A                                                                                                                    | CUSIP: 23636ABH3<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |    300000 | PA      | $308383.90    | 0.17%             | 2030-03-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| COTE D'IVOIRE, REPUBLIC OF                                      | IVYCST 6.75 02/25/41 144A                                                                                                                      | CUSIP: 221625AX4<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    250000 | PA      | $230783.28    | 0.12%             | 2041-02-25      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ROCKFORD TOWER CLO 2018-2 LTD                                   | ROCKT 2018-2A A                                                                                                                                | CUSIP: 77342KAA8<br>LEI: 5493001SZ764RMCNU069 | Long             | ABS-CBDO         | CORP              | KY        |     78000 | PA      | $78013.10     | 0.04%             | 2031-10-20      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| OAK-EAGLE ACQUIRECO INC                                         | EA 7.25 07/01/33 144A                                                                                                                          | CUSIP: 67124CAA1<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |    300000 | PA      | $309261.31    | 0.17%             | 2033-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                           | CAS 2016-C04 1B                                                                                                                                | CUSIP: 30711XDB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    490601 | PA      | $500278.89    | 0.27%             | 2029-01-25      | Floating      | 10.74%                | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                           | FN MA4876                                                                                                                                      | CUSIP: 31418EM23<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    158829 | PA      | $163708.68    | 0.09%             | 2052-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                           | WFC V5.15 04/23/31                                                                                                                             | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    600000 | PA      | $610463.12    | 0.33%             | 2031-04-23      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| GREYSTONE CRE NOTES 2025-HC4 LLC                                | GSTNE 2025-HC4 A                                                                                                                               | CUSIP: 39809NAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    550000 | PA      | $550724.74    | 0.30%             | 2042-10-15      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| GUATEMALA, REPUBLIC OF - MINISTRY OF PUBLIC FINANCE             | GUATEM 6.55 02/06/37 144A                                                                                                                      | CUSIP: 401494AZ2<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    350000 | PA      | $374850.00    | 0.20%             | 2037-02-06      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM18 TRUST                                            | OBX 2025-NQM18 A1                                                                                                                              | CUSIP: 673918AC2<br>LEI: 254900JLM1WC0WGYCA96 | Long             | ABS-O            | CORP              | US        |    204005 | PA      | $203876.87    | 0.11%             | 2065-09-25      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2025-HI                   | WFCM 2025-HI C                                                                                                                                 | CUSIP: 949933AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    550000 | PA      | $552405.92    | 0.30%             | 2042-10-15      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP (THE)                                       | SCHW V6.1 PERP L                                                                                                                               | CUSIP: 808513CM5<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    600000 | PA      | $600458.05    | 0.32%             | N/A             | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                           | FN CB4794                                                                                                                                      | CUSIP: 3140QQKG9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    898585 | PA      | $868060.20    | 0.47%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| INFINITY NATURAL RESOURCES LLC                                  | INFNAR 7.625 04/01/31 144A                                                                                                                     | CUSIP: 45690BAA3<br>LEI: 54930021094IFVB5ND43 | Long             | DBT              | CORP              | US        |    350000 | PA      | $356104.35    | 0.19%             | 2031-04-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT            | T 4.25 08/15/35                                                                                                                                | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8730000 | PA      | $8654976.56   | 4.67%             | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                           | FN CB4120                                                                                                                                      | CUSIP: 3140QPSJ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    393743 | PA      | $371169.07    | 0.20%             | 2052-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PALMER SQUARE CLO 2018-2 LTD                                    | PLMRS 2018-2A A1R                                                                                                                              | CUSIP: 69688MAN5<br>LEI: 549300EYS8N79JYSXL17 | Long             | ABS-CBDO         | CORP              | KY        |    700000 | PA      | $700613.90    | 0.38%             | 2037-04-16      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT            | T 4.25 05/15/35                                                                                                                                | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7720000 | PA      | $7663004.71   | 4.14%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DHAFRAH PV2 ENERGY COMPANY LLC                                  | DHAENE 5.794 06/30/53 144A                                                                                                                     | CUSIP: 25241MAA5<br>LEI: 529900AHXZA1YRZN9C67 | Long             | DBT              | CORP              | AE        |    400000 | PA      | $395658.73    | 0.21%             | 2053-06-30      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                          | 2-Year T-Note Futures, Jun-2026,ETH                                                                                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       492 | NC      | $-198291.99   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| NEUBERGER BERMAN LOAN ADVISERS EURO CLO 2 DAC                   | NEUBE 2021-2A A                                                                                                                                | CUSIP: 000000000<br>LEI: 549300PWQEWJ6XJV7687 | Long             | ABS-O            | CORP              | IE        |    500000 | PA      | $587353.73    | 0.32%             | 2034-04-15      | Floating      | 3.23%                 | No            |                  2 | On Loan: No      |
| PERUSAHAAN PENERBIT SURAT BERHARGA SYARIAH NEGARA INDONESIA III | INDOIS 5.2 07/02/34 144A                                                                                                                       | CUSIP: 71567TAB8<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |    700000 | PA      | $699737.77    | 0.38%             | 2034-07-02      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| STORE MASTER FUNDING I LLC                                      | STR 2024-1A A2                                                                                                                                 | CUSIP: 86212XAM2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    495000 | PA      | $502158.79    | 0.27%             | 2054-05-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                     | ORCL 5.35 05/04/33                                                                                                                             | CUSIP: 68389XDY8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1069914.99   | 0.58%             | 2033-05-04      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM15 TRUST                                            | OBX 2024-NQM15 A1                                                                                                                              | CUSIP: 67449DAA7<br>LEI: 254900YXEB756F6RCA13 | Long             | ABS-O            | CORP              | US        |    217378 | PA      | $218000.24    | 0.12%             | 2064-10-25      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                                      | GSYCN 9.25 12/01/28 144A                                                                                                                       | CUSIP: 380355AH0<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    700000 | PA      | $662449.42    | 0.36%             | 2028-12-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: —       |
| ONSLOW BAY FINANCIAL LLC                                        | OBX 2026-NQM1 A1                                                                                                                               | CUSIP: 67123HAA1<br>LEI: 549300JK5TDDSAIKZ665 | Long             | ABS-O            | CORP              | US        |    288986 | PA      | $287599.56    | 0.16%             | 2065-11-25      | Variable      | 4.85%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLDINGS LLC                                   | FREMOR 9.125 05/15/31 144A                                                                                                                     | CUSIP: 35641AAB4<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    275000 | PA      | $285178.85    | 0.15%             | 2031-05-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| ARES STRATEGIC INCOME FUND                                      | ARESSI 5.45 09/09/28 144A                                                                                                                      | CUSIP: 04020EAL1<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |    400000 | PA      | $397366.10    | 0.21%             | 2028-09-09      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| SHRIRAM FINANCE LTD                                             | SHFLIN 6.625 04/22/27 144A                                                                                                                     | CUSIP: 82556FAA0<br>LEI: 335800TM2YO24B76XL26 | Long             | DBT              | CORP              | IN        |    800000 | PA      | $812555.90    | 0.44%             | 2027-04-22      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                          | Ultra U.S. Treasury Bond Futures, Jun-2026,ETH                                                                                                 | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -60 | NC      | $97291.80     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT            | T 3.875 08/31/32                                                                                                                               | CUSIP: 91282CNW7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    320000 | PA      | $314937.50    | 0.17%             | 2032-08-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CHILE, REPUBLIC OF - MINISTRY OF FINANCE                        | CHILE 3.875 04/14/36                                                                                                                           | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    350000 | PA      | $402823.38    | 0.22%             | 2036-04-14      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2018-BIOA                          | BX 2026-RISE A                                                                                                                                 | CUSIP: 05595AAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $701847.16    | 0.38%             | 2041-04-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                             | SYF 7.25 02/02/33                                                                                                                              | CUSIP: 87165BAU7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    280000 | PA      | $290443.15    | 0.16%             | 2033-02-02      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                   | F 5.8 03/05/27                                                                                                                                 | CUSIP: 345397D83<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    550000 | PA      | $553985.87    | 0.30%             | 2027-03-05      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LTD                                              | MQGAU V3.052 03/03/36 144A                                                                                                                     | CUSIP: 556079AD3<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |    750000 | PA      | $677439.53    | 0.37%             | 2036-03-03      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| FS RIALTO 2021-FL2 ISSUER LTD                                   | FSRIA 2021-FL2 C                                                                                                                               | CUSIP: 30319YAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1050000 | PA      | $1054109.39   | 0.57%             | 2038-05-18      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTIONS INC                                 | BMCAUS 5.875 03/15/34 144A                                                                                                                     | CUSIP: 853192AA0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    450000 | PA      | $439176.24    | 0.24%             | 2034-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| RCKT MORTGAGE TRUST 2025-CES9                                   | RCKT 2025-CES9 A1A                                                                                                                             | CUSIP: 74942JAA2<br>LEI: 254900C7HSSCU34P7S40 | Long             | ABS-O            | CORP              | US        |    684876 | PA      | $680813.62    | 0.37%             | 2055-09-25      | Variable      | 4.79%                 | No            |                  2 | On Loan: No      |
| FS RIALTO 2026-FL11 ISSUER LLC                                  | FSRIA 2026-FL11 A                                                                                                                              | CUSIP: 30343TAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $500953.20    | 0.27%             | 2044-01-19      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                               | SWOP IRS USD                                                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              | CORP              | GB        |  19620000 | NC      | $272191.49    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                  | MORGAN STANLEY DEPOSITARY SHARES, EACH REPRESENTING 1/1,000TH OWNERSHIP INTEREST IN A SHARE OF 6.500% NON-CUMULATIVE PREFERRED STOCK, SERIES P | CUSIP: 61762V853<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     40000 | NS      | $1010800.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT            | T 3.5 01/31/28                                                                                                                                 | CUSIP: 91282CGH8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    490000 | PA      | $486851.37    | 0.26%             | 2028-01-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT            | B 0 08/27/26                                                                                                                                   | CUSIP: 912797TY3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $2470633.15   | 1.33%             | 2026-08-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OAK STREET INVESTMENT GRADE NET LEASE FUND SERIES 2020-1 LLC    | OAKIG 2020-1A B1                                                                                                                               | CUSIP: 67181DAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $57500.13     | 0.03%             | 2050-11-20      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| SALESFORCE INC                                                  | CRM 5.55 03/15/36                                                                                                                              | CUSIP: 79466LAU8<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1097374.00   | 0.59%             | 2036-03-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                              | ALLY V6.848 01/03/30                                                                                                                           | CUSIP: 02005NBU3<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    450000 | PA      | $469955.79    | 0.25%             | 2030-01-03      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                                                 | MADIAQ 5.875 06/30/29 144A                                                                                                                     | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    475000 | PA      | $474099.26    | 0.26%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AIRBNB INC                                                      | ABNB 5.25 03/16/36                                                                                                                             | CUSIP: 009066AE1<br>LEI: 549300HMUDNO0RY56D37 | Long             | DBT              | CORP              | US        |    600000 | PA      | $598610.68    | 0.32%             | 2036-03-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PALOMINO FUNDING TRUST I                                        | VST 7.233 05/17/28                                                                                                                             | CUSIP: 69754AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    650000 | PA      | $677498.92    | 0.37%             | 2028-05-17      | Fixed         | 7.23%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA INC                                       | ESA 2025-ESH C                                                                                                                                 | CUSIP: 30227TAE0<br>LEI: 549300IESZBC3BJUJW64 | Long             | ABS-O            | CORP              | US        |    192627 | PA      | $193443.29    | 0.10%             | 2042-10-15      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                    | USD/CAD FORWARD                                                                                                                                | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-2387.37     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                           | FN CB3622                                                                                                                                      | CUSIP: 3140QPAY3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    932734 | PA      | $879430.54    | 0.47%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH AFRICA, REPUBLIC OF - NATIONAL TREASURY                   | SOAF 4.85 09/30/29 10Y                                                                                                                         | CUSIP: 836205BA1<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    250000 | PA      | $248779.10    | 0.13%             | 2029-09-30      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| MUNICIPAL FINANCE AUTHORITY OF BRITISH COLUMBIA                 | BCMFA 2.55 10/09/29                                                                                                                            | CUSIP: 62620DAH4<br>LEI: 549300XJ89QPG8565B79 | Long             | DBT              | MUN               | CA        |    500000 | PA      | $359373.50    | 0.19%             | 2029-10-09      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| DRIVEN BRANDS FUNDING LLC                                       | HONK 2025-1A A2                                                                                                                                | CUSIP: 26209XAK7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    547250 | PA      | $495341.97    | 0.27%             | 2055-10-20      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                                   | VST 5.55 04/30/36 144A                                                                                                                         | CUSIP: 92840VBC5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $990754.11    | 0.54%             | 2036-04-30      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                              | BX 2024-BIO A                                                                                                                                  | CUSIP: 05612AAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $700124.04    | 0.38%             | 2041-02-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| ALAMEDA (CA), COUNTY OF                                         | CA ALA 3.95 08/01/2033                                                                                                                         | CUSIP: 010878BM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $864295.88    | 0.47%             | 2033-08-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| METLIFE INC                                                     | MET V5.85 03/15/56 .                                                                                                                           | CUSIP: 59156RCR7<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    650000 | PA      | $641481.56    | 0.35%             | 2056-03-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| CEMEX-CEMENTOS MEXICANOS SAB DE CV                              | CEMEX V7.2 PERP 144A                                                                                                                           | CUSIP: 151290CC5<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |    225000 | PA      | $233271.00    | 0.13%             | N/A             | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| OBSIDIAN ENERGY LTD                                             | OBECN 8.125 12/03/30 144A                                                                                                                      | CUSIP: 674482AE4<br>LEI: 549300DITPHH8W8CK636 | Long             | DBT              | CORP              | CA        |    350000 | PA      | $263140.94    | 0.14%             | 2030-12-03      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                               | SWOP IRS USD                                                                                                                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              | CORP              | GB        |  19620000 | NC      | $676398.29    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| M&T BANK CORP                                                   | MTB V4.833 01/16/29 MTN                                                                                                                        | CUSIP: 55261FAU8<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    500000 | PA      | $502205.31    | 0.27%             | 2029-01-16      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                            | BAC V5.045 02/06/37                                                                                                                            | CUSIP: 060505GR9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    700000 | PA      | $689447.32    | 0.37%             | 2037-02-06      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| FIDEICOMISO IRREVOCABLE 1721 BANCO ACTINVER SA                  | FIBRAP 5.625 01/14/38 144A                                                                                                                     | CUSIP: 31575KAB1<br>LEI: 549300JMTSVQ6LKX5222 | Long             | DBT              | CORP              | MX        |    400000 | PA      | $395000.00    | 0.21%             | 2038-01-14      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Venture Global Calcasieu Pass LLC                               | Venture Global Calcasieu Pass Term Loan B 325 2033-03-28                                                                                       | CUSIP: 12867PAB7<br>LEI: 549300GKHS6RS20NLH85 | Long             | LON              | CORP              | US        |    270000 | PA      | $271181.25    | 0.15%             | 2033-04-11      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES7                                   | RCKT 2025-CES7 A1A                                                                                                                             | CUSIP: 74943AAA0<br>LEI: 254900E35NYYFOUTHD06 | Long             | ABS-O            | CORP              | US        |    345662 | PA      | $346786.79    | 0.19%             | 2055-07-25      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM14 TRUST                                            | OBX 2024-NQM14 A1                                                                                                                              | CUSIP: 67119XAC8<br>LEI: 254900C7ZCEHM7Y5MX79 | Long             | ABS-O            | CORP              | US        |    236595 | PA      | $236613.47    | 0.13%             | 2064-09-25      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINANCIAL GROUP INC                             | SUMIBK V5.334 03/03/41                                                                                                                         | CUSIP: 86562MEK2<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    650000 | PA      | $634198.12    | 0.34%             | 2041-03-03      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| MARCOBRE SAC                                                    | MARSAC 5.75 01/22/36 144A                                                                                                                      | CUSIP: 56625AAA2<br>LEI: 254900BORIUZFCM1XB72 | Long             | DBT              | CORP              | PE        |    250000 | PA      | $246687.50    | 0.13%             | 2036-01-22      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SOUTH AFRICA, REPUBLIC OF - NATIONAL TREASURY                   | SOAF 6.125 12/11/37 144A                                                                                                                       | CUSIP: 836205BH6<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    300000 | PA      | $286215.30    | 0.15%             | 2037-12-11      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ENERFLEX INC                                                    | EFXINC 6.875 01/15/31 144A                                                                                                                     | CUSIP: 29281WAA6<br>LEI: 549300SQCOV1LC1GBK07 | Long             | DBT              | CORP              | US        |    600000 | PA      | $618430.80    | 0.33%             | 2031-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                          | 5-Year T-Note Futures, Jun-2026,ETH                                                                                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -231 | NC      | $357070.41    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYDEN & RYGEL INVESTMENT GROUP (THE)                           | Payden Emerging Markets Corporate Bond Fund                                                                                                    | CUSIP: 704329176<br>LEI: 549300QJNYRKYZS3P282 | Long             | EC               | RF                | US        |    101806 | NS      | $894874.47    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                         | HYNMTR 6.5 01/16/29 144A                                                                                                                       | CUSIP: 44891ACR6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    650000 | PA      | $679061.99    | 0.37%             | 2029-01-16      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2014/1             | ACAR 2024-1 E                                                                                                                                  | CUSIP: 02531AAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $462753.99    | 0.25%             | 2031-11-12      | Fixed         | 7.98%                 | No            |                  2 | On Loan: No      |
| AREIT 2025-CRE11 LTD                                            | AREIT 2025-CRE11 A                                                                                                                             | CUSIP: 04002DAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $802203.76    | 0.43%             | 2043-07-25      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION HOLDINGS INC                             | NOVHOL 6.75 04/15/32 144A                                                                                                                      | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    500000 | PA      | $470823.57    | 0.25%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES6                                   | RCKT 2025-CES6 A1A                                                                                                                             | CUSIP: 748949AA2<br>LEI: 2549002LEW4WNQBOMB89 | Long             | ABS-O            | CORP              | US        |    147528 | PA      | $148257.95    | 0.08%             | 2055-06-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust 2026-ESH2                           | ESA 2026-ESH2 A                                                                                                                                | CUSIP: 30227WAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    658196 | PA      | $659636.76    | 0.36%             | 2043-02-18      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| ENERGUATE TRUST 2.0                                             | EGUATE 6.35 09/15/35 144A                                                                                                                      | CUSIP: 29277RAB1<br>LEI: 2549000ZL9MU01FZK194 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $200729.91    | 0.11%             | 2035-09-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| EQUINIX EUROPE 2 FINANCING CORP LLC                             | EQIX 4.7 03/15/33                                                                                                                              | CUSIP: 29390XAH7<br>LEI: 254900FSZR46BPMCKI50 | Long             | DBT              | CORP              | US        |    750000 | PA      | $734837.69    | 0.40%             | 2033-03-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Emg Utica Midstream Holdings LLC                                | EMG Utica Midstream Term Loan B 400 2030-04-01                                                                                                 | CUSIP: 26869HAB3<br>LEI: 254900H5HLPM7ZD1LU54 | Long             | LON              | CORP              | US        |    494984 | PA      | $499933.40    | 0.27%             | 2030-04-01      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-22

**Name of Applicant:** PAYDEN & RYGEL INVESTMENT GROUP

**Signature:** Sandi Brents

**Name of Signer:** Sandi Brents

**Title:** Compliance Officer