# EDGAR Filing Document

**Accession Number:** 0001516523
**File Stem:** 0002066578-26-001957
**Filing Date:** 2026-5
**Character Count:** 144759
**Document Hash:** 50a10cedebcd36c198e1a314836d1437
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-26-001957.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0002066578-26-001957

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260529

**DATE AS OF CHANGE**: 20260529

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Advisers Investment Trust
- **CENTRAL INDEX KEY:** 0001516523

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22538
- **FILM NUMBER:** 261041555

**BUSINESS ADDRESS:**
- **STREET 1:** 50 S. LASALLE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603
- **BUSINESS PHONE:** (855) 351-4583

**MAIL ADDRESS:**
- **STREET 1:** 50 S. LASALLE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603

## Series and Classes Contracts Data

### River Canyon Total Return Bond Fund (Series ID: S000048359)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000152732 | Institutional Shares | RCTIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Advisers Investment Trust

- **b. Investment Company Act file number:** 811-22538

- **c. CIK number of Registrant:** 0001516523

- **d. LEI of Registrant:** 549300BG52TB5QPLYE22

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

  - **Street Address 1:** 50 S. LaSalle Street

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60603

  - **Telephone number:** 312-557-4100

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

- **a. Name of Series:** River Canyon Total Return Bond Fund

- **b. EDGAR series identifier (if any):** S000048359

- **c. LEI of Series:** 549300KPJ4MWUB2SY635

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2026-03-31

**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:** $1946216325.13

**Total Liabilities:** $74598740.16

**Net Assets:** $1871617584.97

**Delayed Delivery Securities:** $71920846.26

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 299.366161423955 | **1-Year:** 11619.689095033945 | **5-Year:** 26973.842874279522 | **10-Year:** 40138.925166430636 | **30-Year:** 4802.326997336267

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

- **3-Month:** 21611.198199549568 | **1-Year:** 57062.446257292364 | **5-Year:** 92104.460775333323 | **10-Year:** 62611.373741916336 | **30-Year:** 18486.410838300435

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000152732 | -0.42%               | 0.96%                | -0.65%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1672256.33             | $-18191394.19                              |
| Month 2  | $-1681527.42             | $9348075.55                                |
| Month 3  | $-2583426.05             | $-22925284.94                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CWHEQ Home Equity Loan Trust Series 2006-S3                                 | CWL 2006-S3 A5                                                   | CUSIP: 23242MAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         0 | PA      | $511360.00    | 0.03%             | 2021-06-25      | Variable      | 5.26%                 | No            |                  2 | On Loan: No      |
| Ardagh Metal Packaging Finance PLC / Ardagh Metal Packaging Finance USA LLC | AMPBEV 4 09/01/29 144A                                           | CUSIP: 03969YAB4<br>LEI: 635400FSFRHBFVPTP424 | Long             | DBT              | CORP              | IE        |   2000000 | PA      | $1831402.80   | 0.10%             | 2029-09-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| AHEAD DB Holdings LLC                                                       | AHEDBB 6.625 05/01/28 144A                                       | CUSIP: 00867FAA6<br>LEI: 254900L07WFL833JX193 | Long             | DBT              | CORP              | US        |  17059000 | PA      | $16686059.55  | 0.89%             | 2028-05-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Sound Point Clo I Ltd/Inc                                                   | SNDPT 2021-2A D                                                  | CUSIP: 83614UAL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $3826231.20   | 0.20%             | 2034-07-25      | Floating      | 7.28%                 | Yes           |                  2 | On Loan: No      |
| U.S. AUTO FD TR 2022-1                                                      | USAUT 2022-1A E                                                  | CUSIP: 90355FAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $0.00         | 0.00%             | 2029-06-15      | Fixed         | 11.79%                | Yes           |                  3 | On Loan: No      |
| LENDINGPOINT 2022-C ASSET SECURITIZ                                         | LDPT 2022-C E                                                    | CUSIP: 525919AE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6400000 | PA      | $0.00         | 0.00%             | 2030-02-15      | Fixed         | 13.09%                | Yes           |                  3 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE T                                         | GRADE 2025-LOC4 B2                                               | CUSIP: 79589VAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1003811.80   | 0.05%             | 2055-06-25      | Variable      | 8.66%                 | Yes           |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE T                                         | GRADE 2025-LOC4 B1                                               | CUSIP: 79589VAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4015434.80   | 0.21%             | 2055-06-25      | Variable      | 7.66%                 | Yes           |                  2 | On Loan: No      |
| CSC Holdings (Cablevision/Altice USA)                                       | CSC Holdings (Cablevision/Altice USA) Term Loan B 250 2027-04-01 | CUSIP: 64072UAK8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |  24776072 | PA      | $21779654.21  | 1.16%             | 2027-04-15      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust 2022-3                                             | AOMT 2022-3 A2                                                   | CUSIP: 03464TAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4930655 | PA      | $4647008.53   | 0.25%             | 2067-01-10      | Variable      | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Vista Point Securitization Trust 2024 CES3                                  | VSTA 2024-CES3 B2                                                | CUSIP: 92841WAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3077000 | PA      | $3141240.38   | 0.17%             | 2055-01-25      | Variable      | 9.52%                 | Yes           |                  2 | On Loan: No      |
| Seagate Data Storage Technology Pte. Ltd.                                   | STX 9.625 12/01/32 144a                                          | CUSIP: 81180LAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   8407403 | PA      | $9344054.95   | 0.50%             | 2032-12-01      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| PAGAYA AI DEBT GRANTOR TRUST 2025-5                                         | PAID 2025-5 D                                                    | CUSIP: 69548WAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2499903 | PA      | $2499779.40   | 0.13%             | 2033-03-15      | Fixed         | 5.87%                 | Yes           |                  2 | On Loan: No      |
| SOUND POINT CLO LTD 2021-31                                                 | SNDPT 2021-3A D                                                  | CUSIP: 83615PAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2750000 | PA      | $2589785.00   | 0.14%             | 2034-10-25      | Floating      | 7.18%                 | Yes           |                  2 | On Loan: No      |
| GALAXY US OPCO INC TL                                                       | GALAXY US OPCO INC TL                                            | CUSIP: LX2040538<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6500330 | PA      | $5583328.51   | 0.30%             | 2029-04-19      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE T                                         | GRADE 2025-LOC4 M3                                               | CUSIP: 79589VAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1500850.35   | 0.08%             | 2055-06-25      | Variable      | 6.61%                 | Yes           |                  2 | On Loan: No      |
| VISTA POINT SEC TR 2020-2                                                   | VSTA 2025-CES2 B2                                                | CUSIP: 92842UAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3125000 | PA      | $3134016.88   | 0.17%             | 2055-08-25      | Variable      | 8.15%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | GNR 2021-41 SE                                                   | CUSIP: 38382PEE8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  20352159 | PA      | $2269634.07   | 0.12%             | 2049-02-20      | Floating      | 2.26%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | GNR 2019-110 PS                                                  | CUSIP: 38381YWG5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  38294304 | PA      | $4493637.49   | 0.24%             | 2049-09-20      | Floating      | 2.26%                 | No            |                  2 | On Loan: No      |
| Home Equity Mortgage Trust 2006-3                                           | HEMT 2006-3 A3                                                   | CUSIP: 436944AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2708000 | PA      | $16.25        | 0.00%             | 2036-09-25      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| ICG US CLO 2020-1 Ltd.                                                      | ICG 2020-1A DR                                                   | CUSIP: 449251AS6<br>LEI: 254900UXTGDH0QOBDH07 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2943456.60   | 0.16%             | 2035-01-20      | Floating      | 7.53%                 | Yes           |                  2 | On Loan: No      |
| SAFCO AUTO RECEIVAB 8.62%                                                   | SAFCO AUTO RECEIVAB 8.62%                                        | CUSIP: 78637CAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1568641 | PA      | $1559202.18   | 0.08%             | 2029-11-19      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Pret 2021-Rn4 LLC                                                           | PRET 2025-RPL1 M2                                                | CUSIP: 69392FAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2766704.10   | 0.15%             | 2069-07-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | GNR 2024-171 S                                                   | CUSIP: 38384XQL0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  49117289 | PA      | $4052053.53   | 0.22%             | 2052-09-20      | Floating      | 2.28%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                      | FHR 5370 SE                                                      | CUSIP: 3137HBF41<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  42475772 | PA      | $4529599.31   | 0.24%             | 2048-05-15      | Floating      | 2.21%                 | No            |                  2 | On Loan: No      |
| Home Equity Mortgage Trust 2006-3                                           | HEMT 2006-3 A2                                                   | CUSIP: 436944AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2589714 | PA      | $131233.50    | 0.01%             | 2036-09-25      | Variable      | 6.09%                 | No            |                  2 | On Loan: No      |
| Home Equity Mortgage Trust 2006-4                                           | HEMT 2006-4 A2                                                   | CUSIP: 43709JAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1600803 | PA      | $94382.73     | 0.01%             | 2036-11-25      | Variable      | 6.23%                 | No            |                  2 | On Loan: No      |
| Cwheq Home Equity Loan Trust Series 2006-S5                                 | CWL 2006-S5 A6                                                   | CUSIP: 126683AF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         1 | PA      | $1492760.00   | 0.08%             | 2035-06-25      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| LABL Inc                                                                    | LABL 10.5 07/15/27 144A                                          | CUSIP: 50168AAA8<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |  27749000 | PA      | $2358665.00   | 0.13%             | 2027-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| SKYLINE AIRCRAFT 6.171%                                                     | SKYLINE AIRCRAFT 6.171%                                          | CUSIP: 830848AC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3482500 | PA      | $3399790.82   | 0.18%             | 2033-08-17      | Fixed         | 6.17%                 | No            |                  3 | On Loan: No      |
| Home Equity Mortgage Trust 2006-4                                           | HEMT 2006-4 A3                                                   | CUSIP: 43709JAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1354000 | PA      | $788.30       | 0.00%             | 2036-11-25      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| OPORTUN ISSUANCE TRUST 2021-C                                               | OPTN 2021-C C                                                    | CUSIP: 68377WAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    680589 | PA      | $672974.89    | 0.04%             | 2031-10-08      | Fixed         | 3.61%                 | Yes           |                  2 | On Loan: No      |
| Anywhere Real Estate Group LLC/Anywhere Co-Issuer Corp.                     | HOUS 5.25 04/15/30 144A                                          | CUSIP: 75606DAQ4<br>LEI: LF6PBYTYG3BDVEF4FI12 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1531656.59   | 0.08%             | 2030-04-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | GNR 2021-205 NS                                                  | CUSIP: 38383C3U2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        | 137020250 | PA      | $2452676.18   | 0.13%             | 2051-11-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Polyconcept                                                                 | Polyconcept Term Loan B 550 2029-04-25                           | CUSIP: 12511PAB7<br>LEI: 549300WD5JEKCROPPM83 | Long             | LON              | CORP              | US        |   5290000 | PA      | $4714712.50   | 0.25%             | 2029-05-12      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS MORTGAGE LOAN TRUST 2021-N                                         | BARC 2022-INV1 B2                                                | CUSIP: 06744YAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4450880 | PA      | $3442502.87   | 0.18%             | 2062-02-25      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| IMPERIAL FUND MTG                                                           | IMPRL 2022-NQM5 B1                                               | CUSIP: 45276QAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1125000 | PA      | $1120424.63   | 0.06%             | 2067-08-25      | Variable      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| FAT BRANDS FAZOLI'S NATIVE I LLC                                            | FATFZ 2021-1 A2                                                  | CUSIP: 31200BAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15340324 | PA      | $12055458.78  | 0.64%             | 2051-07-25      | Fixed         | 7.00%                 | Yes           |                  3 | On Loan: No      |
| Confluence Technologies Inc                                                 | Confluence Technologies Inc                                      | CUSIP: 20716HAB1<br>LEI: 5493008IHJS5SCG0EC08 | Long             | LON              | CORP              | US        |   3584533 | PA      | $3548687.37   | 0.19%             | 2028-07-30      | Fixed         | 9.85%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                       | FNR 2024-9 SD                                                    | CUSIP: 3136BRHA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |  43457713 | PA      | $4647324.33   | 0.25%             | 2050-03-25      | Floating      | 2.22%                 | No            |                  2 | On Loan: No      |
| Ally Bank Sandy (Utah)                                                      | ABCLN 2025-A G                                                   | CUSIP: 02007G5K5<br>LEI: 549300C04BJ0G297NC13 | Long             | ABS-O            | CORP              | US        |   3692194 | PA      | $3709796.07   | 0.20%             | 2033-06-15      | Fixed         | 10.22%                | Yes           |                  2 | On Loan: No      |
| Vici Properties Inc                                                         | VICI 4.25 12/01/26 144A                                          | CUSIP: 92564RAA3<br>LEI: 254900RKH6RY9KCJQH63 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4986334.75   | 0.27%             | 2026-12-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Fremf 2012 Kf01 Mortgage Trust                                              | FREMF 2019-KF59 C                                                | CUSIP: 30297XAJ5<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |  19291012 | PA      | $18806483.09  | 1.00%             | 2029-02-25      | Variable      | 9.78%                 | Yes           |                  2 | On Loan: No      |
| Sirius Xm Radio LLC                                                         | SIRI 3.125 09/01/26 144A                                         | CUSIP: 82967NBL1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   5612000 | PA      | $5576310.49   | 0.30%             | 2026-09-01      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: No      |
| Frontier Communications Holdings Llc                                        | FYBR 8.75 05/15/30 144A                                          | CUSIP: 35908MAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5130430.00   | 0.27%             | 2030-05-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| BARCLAYS MORTGAGE LOAN TRUST 2021-N                                         | BARC 2022-INV1 B1                                                | CUSIP: 06744YAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4021920 | PA      | $3387779.85   | 0.18%             | 2062-02-25      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| IMPERIAL FUND MTG                                                           | IMPRL 2022-NQM5 M1                                               | CUSIP: 45276QAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2988722.40   | 0.16%             | 2067-08-25      | Variable      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                      | FHR 5386 SA                                                      | CUSIP: 3137HBYA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  46270677 | PA      | $5100884.04   | 0.27%             | 2048-03-15      | Floating      | 2.21%                 | No            |                  2 | On Loan: No      |
| Horizon Aircraft Finance I Ltd.                                             | HORZN 2018-1 A                                                   | CUSIP: 440405AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1748500 | PA      | $1737648.68   | 0.09%             | 2038-12-15      | Fixed         | 4.46%                 | Yes           |                  2 | On Loan: No      |
| Crowdstrike Holdings Inc                                                    | CRWD 3 02/15/29                                                  | CUSIP: 22788CAA3<br>LEI: 549300YBY08K9KM4HX32 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9512269.00   | 0.51%             | 2029-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| IMPERIAL FUND MORTGAGE TRUST 2022-NQM4                                      | IMPRL 2022-NQM4 B1                                               | CUSIP: 45276NAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $3120912.40   | 0.17%             | 2067-06-25      | Variable      | 5.04%                 | Yes           |                  2 | On Loan: No      |
| Avianca Midco 2 PLC                                                         | AVIAGP 9 12/01/28 regS                                           | CUSIP: G2957NAC5<br>LEI: 213800AMPX5VKH9AMX10 | Long             | DBT              | CORP              | GB        |  12577587 | PA      | $12168815.42  | 0.65%             | 2028-12-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| ELECTRO RT LLC TL PIK                                                       | ELECTRO RT LLC TL PIK                                            | CUSIP: LX2264161<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4622517 | PA      | $4483841.42   | 0.24%             | 2028-12-15      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                            | MSCR 2025-MN11 B1                                                | CUSIP: 35563YAC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  12000000 | PA      | $11974393.20  | 0.64%             | 2045-07-25      | Floating      | 8.06%                 | Yes           |                  2 | On Loan: No      |
| Seagate Data Storage Technology Pte. Ltd.                                   | STX 8.25 12/15/29 144a                                           | CUSIP: 81180LAM7<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   3490000 | PA      | $3665156.12   | 0.20%             | 2029-12-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| VISTA POINT SEC TR 2020-2                                                   | VSTA 2025-CES2 M1                                                | CUSIP: 92842UAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2020161.00   | 0.11%             | 2055-08-25      | Variable      | 6.37%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust 2025-HE1                                | GSMBS 2025-HE1 M3                                                | CUSIP: 36272NAD6<br>LEI: 254900RIVK2GCJ08H839 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2003230.60   | 0.11%             | 2055-10-25      | Variable      | 6.11%                 | Yes           |                  2 | On Loan: No      |
| BHG SECURITIZATION TRUST 2025-2CON                                          | BHG 2025-2CON E                                                  | CUSIP: 05494LAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2999058.60   | 0.16%             | 2036-09-17      | Fixed         | 7.76%                 | Yes           |                  2 | On Loan: No      |
| CLSEC HOLDINGS 22T LLC                                                      | CLAF 2021-1 C                                                    | CUSIP: 12567UAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12266404 | PA      | $12014794.02  | 0.64%             | 2037-05-11      | None          | 6.17%                 | No            |                  2 | On Loan: No      |
| Cobham Ultra SeniorCo S.a.r.l.                                              | Cobham Ultra SeniorCo S.a.r.l.                                   | CUSIP: L1802PAC3<br>LEI: 254900L6IKLPZKIC4F32 | Long             | LON              | CORP              | LU        |  15349905 | PA      | $15376767.44  | 0.82%             | 2028-11-17      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| UPSTART SEC TR 2022-3                                                       | UPST 2022-3 R                                                    | CUSIP: 91683TAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5575 | PA      | $147827.33    | 0.01%             | 2032-06-20      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| PRPM TR 2022-INV1                                                           | PRPM 2022-INV1 B1                                                | CUSIP: 69377EAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2600000 | PA      | $2528996.60   | 0.14%             | 2067-04-25      | Variable      | 4.41%                 | Yes           |                  2 | On Loan: No      |
| Martin Midstream Partners LP / Martin Midstream Finance Corp                | MMLP 11.5 02/15/28 144A                                          | CUSIP: 573334AK5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  17168000 | PA      | $17578813.07  | 0.94%             | 2028-02-15      | Fixed         | 11.50%                | Yes           |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust 2025-HE1                                | GSMBS 2025-HE1 B1                                                | CUSIP: 36272NAE4<br>LEI: 254900RIVK2GCJ08H839 | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2521347.00   | 0.13%             | 2055-10-25      | Variable      | 6.96%                 | Yes           |                  2 | On Loan: No      |
| BHG SECURITIZATION TRUST 2025-2CON                                          | BHG 2025-2CON D                                                  | CUSIP: 05494LAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4250000 | PA      | $4240555.65   | 0.23%             | 2036-09-17      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Shutterfly Finance LLC                                                      | SFLY 8.5 10/01/27 144A                                           | CUSIP: 82568NAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1910000.00   | 0.10%             | 2027-10-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| AVENTIV TECHNOLOGIES LLC                                                    | AVENTIV TECHNOLOGIES LLC                                         | CUSIP: 05358AAM6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1594907 | PA      | $1654716.17   | 0.09%             | 2026-09-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| EFMT 2025-RM3                                                               | EFMT 2025-RM3 A3                                                 | CUSIP: 26845NAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4700000 | PA      | $4115200.62   | 0.22%             | 2055-09-25      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Freedom Funding Century LLC                                                 | FREFUN 12 10/01/32                                               | CUSIP: 356380AA3<br>LEI: 254900Q0GLHFBCKSZ892 | Long             | DBT              | CORP              | US        |   2460000 | PA      | $2444625.00   | 0.13%             | 2032-10-01      | Fixed         | 12.00%                | Yes           |                  2 | On Loan: No      |
| ANCHOR GLASS TL                                                             | ANCHOR GLASS TL                                                  | CUSIP: LX2728603<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5985000 | PA      | $5715675.00   | 0.31%             | 2030-10-08      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE T                                         | GRADE 2025-FIG6 B2                                               | CUSIP: 79582CAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8000000 | PA      | $7861073.60   | 0.42%             | 2056-01-25      | Variable      | 8.90%                 | Yes           |                  2 | On Loan: No      |
| MOO SECURITIZATION TRUST 2026-RM1                                           | MOOST 2026-RM1 M1                                                | CUSIP: 55318PAD7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $915398.60    | 0.05%             | 2066-03-25      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| EFMT 2025-RM3                                                               | EFMT 2025-RM3 A2                                                 | CUSIP: 26845NAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2200000 | PA      | $2050139.08   | 0.11%             | 2055-09-25      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| ION Platform Finance S.a r.l. / ION Platform Finance US Inc.                | IONPLA 9.5 05/30/29 144a                                         | CUSIP: 46206AAB8<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | LU        |   4500000 | PA      | $4236113.70   | 0.23%             | 2029-05-30      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | GNR 2024-23 SY                                                   | CUSIP: 38384J5M2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  32516622 | PA      | $4437706.01   | 0.24%             | 2051-05-20      | Floating      | 2.53%                 | No            |                  2 | On Loan: No      |
| UPG HI ISSUER TRUST 2025-2                                                  | UPGHI 2025-2 C                                                   | CUSIP: 90321EAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10993000 | PA      | $11093903.65  | 0.59%             | 2047-09-25      | Fixed         | 8.80%                 | Yes           |                  2 | On Loan: No      |
| MOO SECURITIZATION TRUST 2026-RM1                                           | MOOST 2026-RM1 M2                                                | CUSIP: 55318PAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1450000 | PA      | $1260812.99   | 0.07%             | 2066-03-25      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| DISH DBS Corporation                                                        | DISH 7.75 07/01/26                                               | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  68500000 | PA      | $68169295.70  | 3.64%             | 2026-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Silver Point Euro CLO 1 Designated Activity Co.                             | SPCEU 1A E                                                       | CUSIP: BCC3Q9D02<br>LEI: 254900E59SU5T0V8CI79 | Long             | ABS-O            | CORP              | IE        |  10500000 | PA      | $12056240.54  | 0.64%             | 2039-01-15      | Floating      | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Fossil Group Inc                                                            | FOSL 9.5 01/01/29 144A                                           | CUSIP: 34988VAD8<br>LEI: DDMY8YZ6L8UEMS1FDM73 | Long             | DBT              | CORP              | US        |  12000000 | PA      | $10800000.00  | 0.58%             | 2029-01-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| UPGRADE MASTER PASS -THRU TRUST SERIES 2026-ST1                             | UMPT 2026-ST1 CERT                                               | CUSIP: 91533VAE6<br>LEI: 54930089533DCF1JSH22 | Long             | ABS-O            | CORP              | US        |  11000000 | PA      | $10346919.00  | 0.55%             | 2034-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sealed Air Corp.                                                            | SEE 6.875 07/15/33 144A                                          | CUSIP: 81211KAK6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |  19000000 | PA      | $18148507.40  | 0.97%             | 2033-07-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| PRKCM 2025-AFC1 TRUST                                                       | PRKCM 2025-AFC1 B2                                               | CUSIP: 69392YAH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4206000 | PA      | $4093435.24   | 0.22%             | 2060-10-25      | Variable      | 6.81%                 | Yes           |                  2 | On Loan: No      |
| ACHM TRUST 2025-HE2                                                         | ACHM 2025-HE3 E                                                  | CUSIP: 00449VAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1406000 | PA      | $1396463.38   | 0.07%             | 2055-11-25      | Variable      | 7.48%                 | Yes           |                  2 | On Loan: No      |
| UPGRADE AUTO RECEIVABLES TRUST 2025-1                                       | UPGA 2025-1A R                                                   | CUSIP: 91531AAJ3<br>LEI: 254900GMCGPEMKJRNA46 | Long             | ABS-O            | CORP              | US        |     36100 | PA      | $2646847.67   | 0.14%             | 2033-11-15      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Silver Point Euro CLO 1 Designated Activity Co.                             | SPCEU 1A D                                                       | CUSIP: BCC3Q9CZ6<br>LEI: 254900E59SU5T0V8CI79 | Long             | ABS-O            | CORP              | IE        |   9500000 | PA      | $10947650.57  | 0.58%             | 2039-01-15      | Floating      | 5.10%                 | Yes           |                  2 | On Loan: No      |
| PRET 2025-RPL5 TRUST                                                        | PRET 2025-RPL5 M2                                                | CUSIP: 69393AAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2692974.30   | 0.14%             | 2070-01-25      | Variable      | 4.15%                 | Yes           |                  2 | On Loan: No      |
| VISTA POINT SECURITIZATION TRUST 2025-CES3                                  | VSTA 2025-CES3 B2                                                | CUSIP: 92842MAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5155000 | PA      | $5147999.51   | 0.28%             | 2055-11-25      | Variable      | 7.88%                 | Yes           |                  2 | On Loan: No      |
| ACHM TRUST 2025-HE2                                                         | ACHM 2025-HE3 F                                                  | CUSIP: 00449VAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1125000 | PA      | $1117614.60   | 0.06%             | 2055-11-25      | Variable      | 8.46%                 | Yes           |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes Series 2021-1                       | SBCLN 2025-A F                                                   | CUSIP: 80290CCV4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9000000 | PA      | $8975000.70   | 0.48%             | 2034-01-16      | Fixed         | 7.34%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                            | FNR 2019-41 SA                                                   | CUSIP: 3136B5SJ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  37341735 | PA      | $3778046.32   | 0.20%             | 2049-08-25      | Floating      | 2.32%                 | No            |                  2 | On Loan: No      |
| AVANT LOANS FUNDING TRUST 2026-REV1                                         | AVNT 2026-REV1 F                                                 | CUSIP: 05359NAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3004357.50   | 0.16%             | 2036-05-15      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2026-AH1                                | GSMBS 2026-AH1 B2                                                | CUSIP: 362974AH0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6023000 | PA      | $5994502.78   | 0.32%             | 2056-07-25      | Variable      | 8.17%                 | Yes           |                  2 | On Loan: No      |
| PRET 2025-RPL5 TRUST                                                        | PRET 2025-RPL5 M1                                                | CUSIP: 69393AAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $922782.40    | 0.05%             | 2070-01-25      | Variable      | 4.15%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust 2025-HE2                                | GSMBS 2025-HE2 B1                                                | CUSIP: 362934AE1<br>LEI: 254900J0PZAB9KZBPX66 | Long             | ABS-O            | CORP              | US        |   5500000 | PA      | $5623396.35   | 0.30%             | 2065-12-25      | Variable      | 6.76%                 | Yes           |                  2 | On Loan: No      |
| Rre 18 Loan Management DAC                                                  | RRME 18A DR                                                      | CUSIP: BCC3S6D89<br>LEI: 2549006A5T132SLF8U37 | Long             | ABS-O            | CORP              | IE        |   3750000 | PA      | $4192658.36   | 0.22%             | 2038-04-15      | Floating      | 6.60%                 | Yes           |                  2 | On Loan: No      |
| Cwheq Inc                                                                   | CWL 2006-S2 A3                                                   | CUSIP: 126685DX1<br>LEI: 549300X21P41B4WETI38 | Long             | ABS-O            | CORP              | US        |    272073 | PA      | $257111.63    | 0.01%             | 2027-07-25      | Variable      | 5.84%                 | No            |                  3 | On Loan: No      |
| EFMT 2025-RM2                                                               | EFMT 2025-RM2 A2                                                 | CUSIP: 26790AAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2787231 | PA      | $2545149.47   | 0.14%             | 2055-08-25      | Variable      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust 2025-HE2                                | GSMBS 2025-HE2 B2                                                | CUSIP: 362934AF8<br>LEI: 254900J0PZAB9KZBPX66 | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3544644.60   | 0.19%             | 2065-12-25      | Variable      | 7.76%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | GNR 2025-173 SA                                                  | CUSIP: 38383BZP0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        | 491245581 | PA      | $4946597.37   | 0.26%             | 2055-10-20      | Floating      | 0.28%                 | No            |                  2 | On Loan: No      |
| Legato Euro CLO II DAC                                                      | LEGA 2A D                                                        | CUSIP: BCC3R5052<br>LEI: 635400MNNBJIHBR8HP21 | Long             | ABS-O            | CORP              | IE        |   8500000 | PA      | $9698468.19   | 0.52%             | 2040-07-15      | Floating      | 5.19%                 | Yes           |                  2 | On Loan: No      |
| VISTA POINT SECURITIZATION TRUST 2026-CES1                                  | VSTA 2026-CES1 M1                                                | CUSIP: 92790EAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2951271.90   | 0.16%             | 2056-02-25      | Variable      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| Houghton Mifflin Harcourt Co.                                               | HMHC L 04/07/28 1                                                | CUSIP: 44157YAG9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5951433 | PA      | $5534832.46   | 0.30%             | 2028-04-07      | Fixed         | 12.85%                | No            |                  2 | On Loan: No      |
| EFMT 2025-RM2                                                               | EFMT 2025-RM2 A3                                                 | CUSIP: 26790AAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2787231 | PA      | $2436551.41   | 0.13%             | 2055-08-25      | Variable      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| VISTA POINT SECURITIZATION TRUST 2025-CES3                                  | VSTA 2025-CES3 M1                                                | CUSIP: 92842MAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4009512.40   | 0.21%             | 2055-11-25      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                            | MSCR 2025-MN12 B1                                                | CUSIP: 355913AC8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   8000000 | PA      | $8187506.40   | 0.44%             | 2045-11-25      | Floating      | 8.16%                 | Yes           |                  2 | On Loan: No      |
| HOMES 2025-NQM3 TRUST                                                       | HOMES 2026-NQM1 B2                                               | CUSIP: 437922AH0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4673000 | PA      | $4527170.16   | 0.24%             | 2070-09-25      | Variable      | 7.16%                 | Yes           |                  2 | On Loan: No      |
| LATAM Airlines Group SA                                                     | LTMCI 7.875 04/15/30 144A                                        | CUSIP: 51817RAD8<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |   2839000 | PA      | $2867390.00   | 0.15%             | 2030-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| FORM TECH LLC TL                                                            | FORM TECH LLC TL                                                 | CUSIP: LX2497597<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5077485 | PA      | $4595123.93   | 0.25%             | 2030-05-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Pret 2021-Rn4 LLC                                                           | PRET 2025-RPL2 M2                                                | CUSIP: 69392LAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7000000 | PA      | $6451493.30   | 0.34%             | 2064-08-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| PRPM 2025-RCF2 LLC                                                          | PRPM 2025-RCF2 M1                                                | CUSIP: 74448VAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $4750087.00   | 0.25%             | 2064-10-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| AQUA FINANCE TRUST 2024-A                                                   | AQFIT 2024-A D                                                   | CUSIP: 03837DAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4046685.20   | 0.22%             | 2050-04-18      | Fixed         | 6.53%                 | Yes           |                  2 | On Loan: No      |
| CASCADE FDG MTG TR 2024-RM5                                                 | CFMT 2024-RM5 M3                                                 | CUSIP: 147275AD3<br>LEI: 984500AB3AED98FEEV98 | Long             | ABS-O            | CORP              | US        |  18000000 | PA      | $16025274.00  | 0.86%             | 2054-10-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Capital America                                                     | HYNMTR 4.875 11/01/27 144A                                       | CUSIP: 44891ADK0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10041462.80  | 0.54%             | 2027-11-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Ally Bank Sandy (Utah)                                                      | ABCLN 2024-B F                                                   | CUSIP: 02007G4G5<br>LEI: 549300C04BJ0G297NC13 | Long             | ABS-O            | CORP              | US        |    612281 | PA      | $619400.77    | 0.03%             | 2032-09-15      | Fixed         | 8.04%                 | Yes           |                  2 | On Loan: No      |
| CASCADE MH ASSET TRUST 2024-MH1                                             | CMHAT 2024-MH1 X                                                 | CUSIP: 14731VAH1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        | 131573742 | PA      | $3221321.24   | 0.17%             | 2056-11-25      | Variable      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| HAH Group Holding Co. LLC                                                   | HAHGRO 9.75 10/01/31 144A                                        | CUSIP: 40518JAA7<br>LEI: 254900FFJQHW9R90FL74 | Long             | DBT              | CORP              | US        |  16766000 | PA      | $14688095.73  | 0.78%             | 2031-10-01      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| HTAP 2024-2                                                                 | HTAP 2024-2 A                                                    | CUSIP: 40444WAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10400454 | PA      | $10317874.60  | 0.55%             | 2042-04-25      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| A&D MORTGAGE TRUST 2023-NQM2                                                | ADMT 2024-NQM5 B1B                                               | CUSIP: 00039KAH3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6308000 | PA      | $6336917.13   | 0.34%             | 2069-11-25      | Variable      | 7.68%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | GNR 2019-115 SW                                                  | CUSIP: 38381YVS0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  16031300 | PA      | $1951241.65   | 0.10%             | 2049-09-20      | Floating      | 2.31%                 | No            |                  2 | On Loan: No      |
| Figre Trust 2023-HE1                                                        | FIGRE 2024-HE5 E                                                 | CUSIP: 31684FAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4109000 | PA      | $4156604.41   | 0.22%             | 2054-10-25      | Variable      | 7.01%                 | Yes           |                  2 | On Loan: No      |
| OPORTUN FUNDING TR 2024-3                                                   | OPTN 2024-3 D                                                    | CUSIP: 68377NAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4052370.40   | 0.22%             | 2029-08-15      | Fixed         | 9.60%                 | Yes           |                  2 | On Loan: No      |
| BUILDERS CAP LN ACQ TR 2024-NPL1                                            | BLDRS 2024-NPL1 A1B                                              | CUSIP: 12007KAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  20000000 | PA      | $19890246.00  | 1.06%             | 2029-11-29      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Ally Bank Sandy (Utah)                                                      | ABCLN 2024-B G                                                   | CUSIP: 02007G4H3<br>LEI: 549300C04BJ0G297NC13 | Long             | ABS-O            | CORP              | US        |   3571640 | PA      | $3637893.00   | 0.19%             | 2032-09-15      | Fixed         | 11.39%                | Yes           |                  2 | On Loan: No      |
| UNLOCK HEA TRUST 2024-2                                                     | UNLOK 2024-2 C                                                   | CUSIP: 91528AAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6485000 | PA      | $5022622.12   | 0.27%             | 2039-10-25      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | GNR 2020-7 LS                                                    | CUSIP: 38382DCC1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  14467960 | PA      | $1488449.21   | 0.08%             | 2050-01-20      | Floating      | 2.26%                 | No            |                  2 | On Loan: No      |
| AVANT CREDIT CARD MASTER TRUST                                              | AVCCT 2024-2A D                                                  | CUSIP: 05351KAN9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7000000 | PA      | $7022997.10   | 0.38%             | 2029-05-15      | Fixed         | 8.98%                 | Yes           |                  2 | On Loan: No      |
| Ondeck Asset Sec tr II 2016-1                                               | ONDK 2024-2A C                                                   | CUSIP: 67108SAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2250000 | PA      | $2242747.58   | 0.12%             | 2031-10-17      | Fixed         | 7.03%                 | Yes           |                  2 | On Loan: No      |
| GOODLEAP HOME IMPT 2024-1                                                   | GDLP 2024-1A C                                                   | CUSIP: 381935AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    794349 | PA      | $821729.34    | 0.04%             | 2046-10-20      | Fixed         | 8.94%                 | Yes           |                  2 | On Loan: No      |
| Penta Clo 19 Designated Activity Co.                                        | PENTA 2025-19A F                                                 | CUSIP: BCC3LQ2G6<br>LEI: 6354002XCASIOZDCP242 | Long             | ABS-O            | CORP              | IE        |   1300000 | PA      | $1455347.43   | 0.08%             | 2038-07-15      | Floating      | 10.59%                | Yes           |                  2 | On Loan: No      |
| Northern Institutional Funds                                                | Northern Institutional Funds TREAS PRT PRMR                      | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        | 107784241 | NS      | $107784241.39 | 5.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Bank AG                                                            | LOFT 2024-1A B                                                   | CUSIP: 25162AAC2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   2400000 | PA      | $2364000.00   | 0.13%             | 2034-05-21      | Floating      | 14.17%                | Yes           |                  3 | On Loan: No      |
| ELMWOOD CLO 26 LTD                                                          | ELM26 2024-1A D2AR                                               | CUSIP: 29004CAW8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2000000.00   | 0.11%             | 2039-04-18      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| PUERTO RICO COMWLTH                                                         | PR PRC 11/01/2043                                                | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |  30857143 | PA      | $20674285.73  | 1.10%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co.                                              | HPE 4.85 10/15/31                                                | CUSIP: 42824CBU2<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4966285.80   | 0.27%             | 2031-10-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                            | LOFT 2024-1A A                                                   | CUSIP: 25162AAB4<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1840000 | PA      | $1835400.00   | 0.10%             | 2034-05-21      | Floating      | 7.42%                 | Yes           |                  3 | On Loan: No      |
| FOUNDATION FINANCE TRUST 2023-2                                             | FFIN 2023-2A D                                                   | CUSIP: 35042RAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2359227 | PA      | $2510670.72   | 0.13%             | 2049-06-15      | Fixed         | 9.10%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                            | FHR 4833 SA                                                      | CUSIP: 3137FJBK4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  14135439 | PA      | $1450758.23   | 0.08%             | 2044-10-15      | Floating      | 2.21%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes Series 2021-1                       | SBCLN 2023-B F                                                   | CUSIP: 80290CCF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4113009 | PA      | $4301922.13   | 0.23%             | 2033-12-15      | Fixed         | 12.24%                | Yes           |                  2 | On Loan: No      |
| CHASE AUTO OWNER TRUST 2024-2                                               | CHAOT 2024-2A R1                                                 | CUSIP: 16144CAH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      6875 | PA      | $1415747.66   | 0.08%             | 2031-08-25      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | GNR 2022-190 DS                                                  | CUSIP: 38383LAV2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  26663131 | PA      | $2951067.29   | 0.16%             | 2049-08-20      | Floating      | 2.31%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                            | FHR 5240 SB                                                      | CUSIP: 3137H8EW7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  13897539 | PA      | $1455715.82   | 0.08%             | 2050-03-25      | Variable      | 2.22%                 | No            |                  2 | On Loan: No      |
| CFMT 2024-HB15 LLC                                                          | CFMT 2024-HB15 M3                                                | CUSIP: 15723AAD3<br>LEI: 98450050957GF5E1CD92 | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $3867703.60   | 0.21%             | 2034-08-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust 2021-B                                       | MFIT 2021-BA D                                                   | CUSIP: 56847JAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1980000 | PA      | $1879556.58   | 0.10%             | 2036-11-20      | Fixed         | 3.42%                 | Yes           |                  2 | On Loan: No      |
| U S Bank National Assn Minneapolis Minnesota                                | USCLN 2023-1 D                                                   | CUSIP: 90357PAX2<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | ABS-O            | CORP              | US        |    631917 | PA      | $641247.61    | 0.03%             | 2032-08-25      | Fixed         | 13.60%                | Yes           |                  2 | On Loan: No      |
| Sound Point Euro CLO X Funding DAC                                          | SNDPE 10A E                                                      | CUSIP: BCC3D9NR6<br>LEI: 635400YEKGN7SV65BD82 | Long             | ABS-O            | CORP              | IE        |   2000000 | PA      | $2311520.79   | 0.12%             | 2038-04-20      | Floating      | 8.55%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER MTG 25-NQM2                                                       | SAN 2025-NQM2 B2                                                 | CUSIP: 802638AH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3214800 | PA      | $3151026.73   | 0.17%             | 2065-02-25      | Variable      | 7.11%                 | Yes           |                  2 | On Loan: No      |
| SAIF SECURITIZATION TRUST 2026-CES1                                         | SAIF 2026-CES1 B2                                                | CUSIP: 78710HAH2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1958000 | PA      | $1953255.57   | 0.10%             | 2056-02-25      | Variable      | 8.27%                 | Yes           |                  2 | On Loan: No      |
| LENDMARK FDG TRUST 2021-2                                                   | LFT 2021-2A C                                                    | CUSIP: 52604DAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3160000 | PA      | $2974398.03   | 0.16%             | 2032-04-20      | Fixed         | 3.09%                 | Yes           |                  2 | On Loan: No      |
| Sealed Air Corp. / Sealed Air Corp. US                                      | SEE 7.25 02/15/31 144A                                           | CUSIP: 812127AB4<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |   5540000 | PA      | $5809384.22   | 0.31%             | 2031-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| MOMNT TECHNOLOGIES TRUST 2023-1                                             | MMNT 2023-1A C                                                   | CUSIP: 608934AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9180000 | PA      | $8418392.32   | 0.45%             | 2045-03-20      | Fixed         | 11.24%                | Yes           |                  3 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE T                                         | GRADE 2023-SEQ3 B1                                               | CUSIP: 79582GAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10502250 | PA      | $10736246.43  | 0.57%             | 2053-06-01      | Variable      | 10.25%                | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | GNR 2019-110 AS                                                  | CUSIP: 38381YYL2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   8345010 | PA      | $953400.72    | 0.05%             | 2049-09-20      | Floating      | 2.26%                 | No            |                  2 | On Loan: No      |
| MOMNT TECHNOLOGIES TRUST 2023-1                                             | MMNT 2023-1A B                                                   | CUSIP: 608934AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3054811.50   | 0.16%             | 2045-03-20      | Fixed         | 8.29%                 | Yes           |                  2 | On Loan: No      |
| NORTHEAST GROCERY TL                                                        | NORTHEAST GROCERY TL                                             | CUSIP: LX2201973<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5274002 | PA      | $5280594.04   | 0.28%             | 2028-12-05      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                   | TPMT 2024-CES1 M2                                                | CUSIP: 89183CAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1002340.70   | 0.05%             | 2064-01-25      | Variable      | 6.86%                 | Yes           |                  2 | On Loan: No      |
| PLUTO ACQSTN I TL                                                           | PLUTO ACQSTN I TL                                                | CUSIP: LX2264757<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  17081755 | PA      | $14861126.72  | 0.79%             | 2028-09-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Ondeck Asset Sec tr II 2016-1                                               | ONDK 2024-1A C                                                   | CUSIP: 67118NAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3041362.50   | 0.16%             | 2031-06-17      | Fixed         | 8.99%                 | Yes           |                  2 | On Loan: No      |
| POINT SECURITIZATION TRUST 2025-1                                           | PNT 2025-1 A1                                                    | CUSIP: 73072DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    933065 | PA      | $932914.76    | 0.05%             | 2055-06-25      | Variable      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | GNR 2023-135 SP                                                  | CUSIP: 38384EHY4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1969498 | PA      | $2165865.33   | 0.12%             | 2053-09-20      | Floating      | 12.25%                | No            |                  2 | On Loan: No      |
| EFMT 2025-RM1                                                               | EFMT 2025-RM1 A3                                                 | CUSIP: 267951AD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8280548 | PA      | $7107727.68   | 0.38%             | 2055-05-25      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Bayview Opportunity Master Fund IVB LP                                      | BVCLN 2024-CAR1 E                                                | CUSIP: 07336QAE2<br>LEI: 549300PYZPV2K342TZ72 | Long             | ABS-O            | CORP              | US        |    494310 | PA      | $501057.55    | 0.03%             | 2031-12-26      | Floating      | 7.26%                 | Yes           |                  2 | On Loan: No      |
| AVANT LOANS FUNDING TRUST 2023-REV                                          | AVNT 2023-REV1 D                                                 | CUSIP: 05358RAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4200000 | PA      | $4277496.72   | 0.23%             | 2032-09-15      | Fixed         | 9.41%                 | Yes           |                  2 | On Loan: No      |
| PAGAYA AI DEBT TRUST 2025-1                                                 | PAID 2025-1 E                                                    | CUSIP: 69548VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    890730 | PA      | $908757.39    | 0.05%             | 2032-07-15      | Fixed         | 10.08%                | Yes           |                  2 | On Loan: No      |
| Trinitas Euro CLO IX DAC                                                    | TRNTE 9A F                                                       | CUSIP: BCC3LJKL1<br>LEI: 6354007JC9AHJHESO672 | Long             | ABS-O            | CORP              | IE        |   1500000 | PA      | $1644614.01   | 0.09%             | 2039-05-15      | Floating      | 10.30%                | Yes           |                  2 | On Loan: No      |
| AQUA FINANCE ISSUERTRUST 2025-A                                             | AQFIT 2025-A D                                                   | CUSIP: 038394AD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1755890 | PA      | $1788321.21   | 0.10%             | 2050-12-19      | Fixed         | 6.77%                 | Yes           |                  2 | On Loan: No      |
| AVANT LOANS FUNDING TRUST 2023-REV                                          | AVNT 2023-REV1 E                                                 | CUSIP: 05358RAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11420000 | PA      | $11418993.90  | 0.61%             | 2034-07-15      | Fixed         | 12.75%                | Yes           |                  3 | On Loan: No      |
| MPOWER ED TR 2025-A                                                         | MPOWR 2025-A B                                                   | CUSIP: 624930AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8000000 | PA      | $8221520.00   | 0.44%             | 2042-07-21      | Fixed         | 8.47%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | GNR 2016-116 BS                                                  | CUSIP: 38380AMY0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   9032639 | PA      | $1061345.07   | 0.06%             | 2046-09-20      | Floating      | 2.31%                 | No            |                  2 | On Loan: No      |
| CHASE AUTO OWNER TRUST 2024-1                                               | CHAOT 2024-1A R1                                                 | CUSIP: 16144BAH1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      8850 | PA      | $1241305.29   | 0.07%             | 2031-06-25      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortgage Trust 2025-NPL2                           | GRADE 2025-NPL2 A1                                               | CUSIP: 79589BAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5652955 | PA      | $5695669.22   | 0.30%             | 2030-05-25      | Variable      | 7.77%                 | Yes           |                  2 | On Loan: No      |
| Providus CLO XII Designated Activity Co.                                    | PRVD 12A F                                                       | CUSIP: BCC3MBKR4<br>LEI: 635400OLELBUCIFIV691 | Long             | ABS-O            | CORP              | IE        |   1000000 | PA      | $1099485.23   | 0.06%             | 2038-08-18      | Floating      | 10.57%                | Yes           |                  2 | On Loan: No      |
| FAT BRANDS DIP FACILIT12%                                                   | FAT BRANDS DIP FACILIT12%                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1489555 | PA      | $1489554.51   | 0.08%             | 2029-10-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TWIN HOSPITALITY DIP 12%                                                    | TWIN HOSPITALITY DIP 12%                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1762192 | PA      | $1762192.00   | 0.09%             | 2029-10-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Pluto Acquisition I Inc                                                     | ACCARE L 06/20/28 6                                              | CUSIP: 72941DAH5<br>LEI: 254900MOXD90LKQ6AY47 | Long             | LON              | CORP              | US        |  10350775 | PA      | $10428405.35  | 0.56%             | 2028-06-20      | Fixed         | 9.15%                 | No            |                  2 | On Loan: No      |
| Figre Trust 2023-HE1                                                        | FIGRE 2024-HE1 F                                                 | CUSIP: 31684HAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1064969.20   | 0.06%             | 2054-03-25      | Variable      | 10.03%                | Yes           |                  2 | On Loan: No      |
| Pret 2021-Rn4 LLC                                                           | PRET 2025-RPL1 M1                                                | CUSIP: 69392FAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8000000 | PA      | $7628661.60   | 0.41%             | 2069-07-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CFMT 2025-HB16 LLC                                                          | CFMT 2025-HB16 M3                                                | CUSIP: 12531BAD0<br>LEI: 9845009142A6KE49BF08 | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2866602.30   | 0.15%             | 2035-03-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Figre Trust 2023-HE1                                                        | FIGRE 2025-HE2 F                                                 | CUSIP: 31684KAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5193997.50   | 0.28%             | 2049-12-31      | Variable      | 8.73%                 | Yes           |                  2 | On Loan: No      |
| VISTA POINT SECURITIZATION TRUST 2025-CES1                                  | VSTA 2025-CES1 B2                                                | CUSIP: 92842DAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2696000 | PA      | $2713128.50   | 0.14%             | 2055-04-25      | Variable      | 8.96%                 | Yes           |                  2 | On Loan: No      |
| OPORTUN ISSUANCE TRUST 2025-C                                               | OPTN 2025-C D                                                    | CUSIP: 68378RAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13000000 | PA      | $12961150.80  | 0.69%             | 2033-07-08      | Fixed         | 5.91%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                      | FHR 5564 PS                                                      | CUSIP: 3137HMDZ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  59884657 | PA      | $4135263.15   | 0.22%             | 2055-08-25      | Floating      | 2.14%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                       | FNR 2022-19 SA                                                   | CUSIP: 3136BMLZ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |  26528677 | PA      | $2379203.14   | 0.13%             | 2052-04-25      | Floating      | 1.94%                 | No            |                  2 | On Loan: No      |
| HARVEST SBA LOAN TRUST 2024-1                                               | HSLT 2024-1 B                                                    | CUSIP: 41756NAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2823739 | PA      | $2884564.69   | 0.15%             | 2051-12-25      | Variable      | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Octane Receivables Trust 2024-RVM1                                          | OCTL 2024-RVM1 E                                                 | CUSIP: 67579FAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2105829.00   | 0.11%             | 2046-01-22      | Fixed         | 8.42%                 | Yes           |                  2 | On Loan: No      |
| VISTA POINT SECURITIZATION TRUST 2025-CES1                                  | VSTA 2025-CES1 B1                                                | CUSIP: 92842DAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3179000 | PA      | $3153590.89   | 0.17%             | 2055-04-25      | Variable      | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                            | MSCR 2024-MN9 B1                                                 | CUSIP: 355917AC9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   3000000 | PA      | $3102396.00   | 0.17%             | 2044-10-25      | Floating      | 9.66%                 | Yes           |                  2 | On Loan: No      |
| A&D MORTGAGE TRUST 2024-NQM6                                                | ADMT 2024-NQM6 B1A                                               | CUSIP: 00249YAG1<br>LEI: 984500ZC5CFCDPFA8942 | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4057083.20   | 0.22%             | 2070-01-25      | Variable      | 7.27%                 | Yes           |                  2 | On Loan: No      |
| VISTA POINT SECURITIZATION TRUST 2025-CES1                                  | VSTA 2025-CES1 M1                                                | CUSIP: 92842DAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2020960.60   | 0.11%             | 2055-04-25      | Variable      | 6.53%                 | Yes           |                  2 | On Loan: No      |
| SAIF SECURITIZATION TRUST 2025-CES1                                         | SAIF 2025-CES1 B1                                                | CUSIP: 78438CAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3990500 | PA      | $4033885.12   | 0.22%             | 2065-06-25      | Variable      | 7.23%                 | Yes           |                  2 | On Loan: No      |
| U.S. Bank National Association                                              | USCLN 2025-SUP2 E                                                | CUSIP: 90355PAF3<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | ABS-O            | CORP              | US        |   5757892 | PA      | $5770014.32   | 0.31%             | 2032-08-31      | Floating      | 7.36%                 | Yes           |                  2 | On Loan: No      |
| Inmarsat                                                                    | Inmarsat Term Loan B 450 2029-09-01                              | CUSIP: L2000DAH7<br>LEI: 9845009357089S8JD619 | Long             | LON              | CORP              | US        |   5500000 | PA      | $5504290.00   | 0.29%             | 2029-09-11      | Floating      | 9.83%                 | No            |                  2 | On Loan: No      |
| EFMT 2024-RM3                                                               | EFMT 2024-RM3 A1B                                                | CUSIP: 26845EAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3086400 | PA      | $2981975.70   | 0.16%             | 2054-12-25      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE T                                         | GRADE 2025-NPL1 A2                                               | CUSIP: 79582BAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6000000 | PA      | $6011988.00   | 0.32%             | 2030-01-25      | Variable      | 9.05%                 | Yes           |                  2 | On Loan: No      |
| TWIN HOSPITALITY I 9.00%                                                    | TWIN HOSPITALITY I 9.00%                                         | CUSIP: 90164DAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  21697500 | PA      | $21216900.38  | 1.13%             | 2054-10-26      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania REIT Associates LP                                             | Pennsylvania REIT Associates LP                                  | CUSIP: 74044UAW6<br>LEI: 54930041KOX8ORVMNG55 | Long             | LON              | CORP              | US        |   1404588 | PA      | $1436191.43   | 0.08%             | 2029-04-01      | Fixed         | 11.85%                | No            |                  2 | On Loan: No      |
| MPOWER EDUCATION TRUST 2024-A                                               | MPOWR 2024-A C                                                   | CUSIP: 62476DAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5965000 | PA      | $6044471.70   | 0.32%             | 2041-07-22      | Fixed         | 11.25%                | Yes           |                  2 | On Loan: No      |
| VELOCITY COMMERCIAL CAPITAL LOAN TR                                         | VCC 2025-4 M3                                                    | CUSIP: 92262JAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8967329 | PA      | $8803634.98   | 0.47%             | 2055-09-25      | Variable      | 6.31%                 | Yes           |                  2 | On Loan: No      |
| AVANT CREDIT CARD MASTER TRUST                                              | AVCCT 2025-1A F                                                  | CUSIP: 05351KAV1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6056000 | PA      | $6037601.87   | 0.32%             | 2031-04-15      | Fixed         | 10.79%                | Yes           |                  2 | On Loan: No      |
| Stonegate Pub Company Financing 2019 PLC                                    | STONPB 10.75 07/31/29 REGS                                       | CUSIP: G8506MAF3<br>LEI: 254900L5266ML3505282 | Long             | DBT              | CORP              | GB        |   1665000 | PA      | $2191257.14   | 0.12%             | 2029-07-31      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| CMG Media Corp.                                                             | CMGMCO L 06/18/29 5                                              | CUSIP: 88145LAF1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  17455219 | PA      | $16303174.13  | 0.87%             | 2029-06-18      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| MPOWER EDUCATION TRUST 2024-A                                               | MPOWR 2024-A B                                                   | CUSIP: 62476DAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3801508 | PA      | $3853565.08   | 0.21%             | 2041-07-22      | Fixed         | 8.35%                 | Yes           |                  2 | On Loan: No      |
| EFMT 2025-CES2                                                              | EFMT 2025-CES2 B1                                                | CUSIP: 28225GAG9<br>LEI: 254900G4WO4UX6N3D818 | Long             | ABS-O            | CORP              | US        |   6477000 | PA      | $6557699.53   | 0.35%             | 2050-03-25      | Variable      | 7.53%                 | Yes           |                  2 | On Loan: No      |
| VELOCITY COMMERCIAL CAPITAL LOAN TR                                         | VCC 2025-4 M4                                                    | CUSIP: 92262JAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12952809 | PA      | $12714999.04  | 0.68%             | 2055-09-25      | Variable      | 9.35%                 | Yes           |                  2 | On Loan: No      |
| CARMAX SELECT RECEI 0.00%                                                   | CARMAX SELECT RECEI 0.00%                                        | CUSIP: 14320BAH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9899 | PA      | $7641452.89   | 0.41%             | 2032-09-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SEB FUNDING LLC                                                             | SEB4P 2024-1A A2                                                 | CUSIP: 78433DAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7500000 | PA      | $7633267.50   | 0.41%             | 2054-04-30      | Fixed         | 7.39%                 | Yes           |                  2 | On Loan: No      |
| Brock Group                                                                 | Brock Group Term Loan B 600 2030-04-08                           | CUSIP: 11163AAB3<br>LEI: 5493000L6QAVHKOAM302 | Long             | LON              | CORP              | US        |   6056375 | PA      | $6023548.99   | 0.32%             | 2030-05-02      | Floating      | 11.32%                | No            |                  2 | On Loan: No      |
| Ondeck Asset Sec tr II 2016-1                                               | ONDK 2024-2A D                                                   | CUSIP: 67108SAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3021550.20   | 0.16%             | 2031-10-17      | Fixed         | 9.49%                 | Yes           |                  2 | On Loan: No      |
| CASCADE MH ASSET TRUST 2024-MH1                                             | CMHAT 2024-MH1 B3                                                | CUSIP: 14731VAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8936000 | PA      | $7856915.45   | 0.42%             | 2056-11-25      | Variable      | 6.24%                 | Yes           |                  3 | On Loan: No      |
| EFMT 2025-CES2                                                              | EFMT 2025-CES2 B2                                                | CUSIP: 28225GAH7<br>LEI: 254900G4WO4UX6N3D818 | Long             | ABS-O            | CORP              | US        |   3445000 | PA      | $3464546.24   | 0.19%             | 2050-03-25      | Variable      | 8.52%                 | Yes           |                  2 | On Loan: No      |
| SERVICE EXPERTS ISSUER 2025-1 LLC                                           | SE 2025-1A B                                                     | CUSIP: 81758JAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5004624.00   | 0.27%             | 2037-01-20      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| U.S. Bank National Association                                              | USCLN 2025-SUP2 D                                                | CUSIP: 90355PAE6<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | ABS-O            | CORP              | US        |   6580448 | PA      | $6587268.90   | 0.35%             | 2032-08-31      | Floating      | 5.86%                 | Yes           |                  2 | On Loan: No      |
| CFMT 2024-NR1                                                               | CFMT 2024-NR1 A2                                                 | CUSIP: 12531DAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10000000 | PA      | $10066170.00  | 0.54%             | 2029-11-25      | Variable      | 9.32%                 | Yes           |                  2 | On Loan: No      |
| Pret 2021-Rn4 LLC                                                           | PRET 2025-RPL1 A2                                                | CUSIP: 69392FAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1924615.60   | 0.10%             | 2069-07-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| ACHM TRUST 2025-HE1                                                         | ACHM 2025-HE1 C                                                  | CUSIP: 00449SAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7981024 | PA      | $8181985.95   | 0.44%             | 2055-03-25      | Variable      | 6.80%                 | Yes           |                  2 | On Loan: No      |
| U.S. Bank National Association                                              | USCLN 2025-SUP2 R                                                | CUSIP: 90355PAG1<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | ABS-O            | CORP              | US        |   8431199 | PA      | $8500809.85   | 0.45%             | 2032-08-31      | Floating      | 10.16%                | Yes           |                  2 | On Loan: No      |
| PRET 2025-RPL4 TRUST                                                        | PRET 2025-RPL4 A2                                                | CUSIP: 740943AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2856540.30   | 0.15%             | 2065-03-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Sealed Air Corp. / Sealed Air Corp. US                                      | SEE 6.5 07/15/32 144A                                            | CUSIP: 812127AC2<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |  14226000 | PA      | $14922497.28  | 0.80%             | 2032-07-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Stonegate Pub Company Financing 2019 PLC                                    | STONPB 10.75 07/31/29 144A                                       | CUSIP: YW7336186<br>LEI: 254900L5266ML3505282 | Long             | DBT              | CORP              | GB        |  13958000 | PA      | $18369710.06  | 0.98%             | 2029-07-31      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | GNR 2024-128 SB                                                  | CUSIP: 38384UNE5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   4122131 | PA      | $4307873.93   | 0.23%             | 2054-08-20      | Floating      | 8.19%                 | No            |                  2 | On Loan: No      |
| SAIF SECURITIZATION TRUST 2026-CES1                                         | SAIF 2026-CES1 B1                                                | CUSIP: 78710HAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1688000 | PA      | $1683848.70   | 0.09%             | 2056-02-25      | Variable      | 7.38%                 | Yes           |                  2 | On Loan: No      |
| BAIN CAPITAL CREDIT CLO 2026-2 LTD                                          | BCC 2026-2A D1                                                   | CUSIP: 05686EAJ8<br>LEI: Z9B60TNDM8U1G327S712 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3000000.00   | 0.16%             | 2039-04-26      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO                               | PR PRCDEV 7.5 08/20/2040                                         | CUSIP: 36829QAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  36192668 | PA      | $35469875.09  | 1.90%             | 2040-08-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PENFED AUTO REC OW TR 2024-A                                                | PNFED 2024-A R1                                                  | CUSIP: 70687FAH2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     37500 | PA      | $4085222.21   | 0.22%             | 2032-09-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| ONITY LN INVT TR 2024-HB2                                                   | OLIT 2024-HB2 M3                                                 | CUSIP: 68278DAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1946127.00   | 0.10%             | 2037-08-25      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| AVANT CREDIT CARD MASTER TRUST                                              | AVCCT 2024-1A D                                                  | CUSIP: 05351KAH2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  20280000 | PA      | $20416620.28  | 1.09%             | 2030-04-15      | Fixed         | 8.80%                 | Yes           |                  2 | On Loan: No      |
| U.S. Bank National Association                                              | USCLN 2026-RVM1 E                                                | CUSIP: 90355PAN6<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | ABS-O            | CORP              | US        |  10000000 | PA      | $9956099.00   | 0.53%             | 2046-12-25      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Deutsche Bank AG                                                            | CRFT 2026-1A CLN                                                 | CUSIP: 251937AE8<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |  26000000 | PA      | $26000000.00  | 1.39%             | 2035-10-21      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| American Greetings                                                          | American Greetings Term Loan B 575 2029-10-07                    | CUSIP: 02639DAN6<br>LEI: 549300WMJOT8C9DNMF90 | Long             | LON              | CORP              | US        |   4935484 | PA      | $4915741.94   | 0.26%             | 2029-10-23      | Floating      | 11.06%                | No            |                  2 | On Loan: No      |
| SERVICE EXPERTS ISSUER 2024-1 LLC                                           | SE 2024-1A B                                                     | CUSIP: 81758FAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4140503.20   | 0.22%             | 2035-11-20      | Fixed         | 8.08%                 | Yes           |                  2 | On Loan: No      |
| Staples, Inc.                                                               | SPLS 10.75 09/01/29 144A                                         | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2774457.90   | 0.15%             | 2029-09-01      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| Stream Innovations 2024-1 Issuer Trust                                      | STRE 2024-1A B                                                   | CUSIP: 86324CAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1135714 | PA      | $1205428.13   | 0.06%             | 2044-07-15      | Fixed         | 7.89%                 | Yes           |                  2 | On Loan: No      |
| U.S. Bank National Association                                              | USCLN 2026-RVM1 F                                                | CUSIP: 90355PAP1<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $3990614.40   | 0.21%             | 2046-12-25      | Fixed         | 10.19%                | Yes           |                  2 | On Loan: No      |
| FIGRE TRUST 2024-HE2                                                        | FIGRE 2024-HE2 E                                                 | CUSIP: 316927AE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2089792.40   | 0.11%             | 2054-05-25      | Variable      | 8.20%                 | Yes           |                  2 | On Loan: No      |
| Ally Bank Sandy (Utah)                                                      | ABCLN 2024-A F                                                   | CUSIP: 02007GZ97<br>LEI: 549300C04BJ0G297NC13 | Long             | ABS-O            | CORP              | US        |    419864 | PA      | $432226.19    | 0.02%             | 2032-05-17      | Fixed         | 9.89%                 | Yes           |                  2 | On Loan: No      |
| GLOB TEL LINK CORP TL                                                       | GLOB TEL LINK CORP TL                                            | CUSIP: 37959JAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  18053832 | PA      | $18053832.49  | 0.96%             | 2029-07-31      | Fixed         |  | No            |                  2 | On Loan: No      |
| AVANT CREDIT CARD MASTER TRUST                                              | AVCCT 2024-1A E                                                  | CUSIP: 05351KAJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  17000000 | PA      | $17594954.10  | 0.94%             | 2030-04-15      | Fixed         | 13.15%                | Yes           |                  2 | On Loan: No      |
| Press Ganey                                                                 | Press Ganey Term Loan B 300 2031-04-01                           | CUSIP: 05477JAE1<br>LEI: 549300HC42NZULO53062 | Long             | LON              | CORP              | US        |  10400000 | PA      | $10376600.00  | 0.55%             | 2031-04-30      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| HOA ESCROW                                                                  | HOA ESCROW                                                       | CUSIP: 403ESCAA4<br>LEI: N/A                  | Long             | EC               | CORP              | US        |  14500000 | NS      | $0.15         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                            | MSCR 2026-MN13 B1                                                | CUSIP: 355921AC1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |   5000000 | PA      | $4999923.00   | 0.27%             | 2046-03-25      | Fixed         | 8.17%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | GNR 2013-9 S                                                     | CUSIP: 38378FEC0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  14141538 | PA      | $1763657.64   | 0.09%             | 2043-01-20      | Floating      | 2.96%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | GNR 2020-47 SG                                                   | CUSIP: 38382EFF9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  31135073 | PA      | $2927166.99   | 0.16%             | 2049-02-20      | Floating      | 2.21%                 | No            |                  2 | On Loan: No      |
| AVANT LOANS FUNDING TRUST 2024-REV                                          | AVNT 2024-REV1 E                                                 | CUSIP: 05352UAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4070000 | PA      | $3835750.34   | 0.20%             | 2033-10-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| SAIF SECURITIZATION TRUST 2026-CES1                                         | SAIF 2026-CES1 M1                                                | CUSIP: 78710HAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3344000 | PA      | $3335466.11   | 0.18%             | 2056-02-25      | Variable      | 5.94%                 | Yes           |                  2 | On Loan: No      |
| Huntington National Bank of Ohio                                            | HACLN 2024-1 D                                                   | CUSIP: 44644NAD1<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | ABS-O            | CORP              | US        |    754754 | PA      | $767543.72    | 0.04%             | 2032-05-20      | Floating      | 8.92%                 | Yes           |                  2 | On Loan: No      |
| Nokia Corp                                                                  | NOKIA 6.625 05/15/39                                             | CUSIP: 654902AC9<br>LEI: 549300A0JPRWG1KI7U06 | Long             | DBT              | CORP              | FI        |  13000000 | PA      | $13612901.12  | 0.73%             | 2039-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| FIGRE TRUST 2024-HE2                                                        | FIGRE 2024-HE3 E                                                 | CUSIP: 31684GAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2053957.80   | 0.11%             | 2054-07-25      | Variable      | 7.55%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN HOME IMPROVEMENT TRUST 2022                                         | GHIT 2022-GRN1 R                                                 | CUSIP: 38150YAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     50000 | PA      | $1570639.02   | 0.08%             | 2052-06-25      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| AVANT LOANS FUNDING TRUST 2024-REV                                          | AVNT 2024-REV1 D                                                 | CUSIP: 05352UAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12445000 | PA      | $12469861.38  | 0.67%             | 2033-10-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Notes                                                | T 3.5 02/28/31                                                   | CUSIP: 91282CQD6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  35000000 | PA      | $34321875.00  | 1.83%             | 2031-02-28      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Champ Acquisition Corp                                                      | VISANT 8.375 12/01/31 144A                                       | CUSIP: 15807XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5240645.00   | 0.28%             | 2031-12-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| GATEWAY CAS & ENT LTD TL                                                    | GATEWAY CAS & ENT LTD TL                                         | CUSIP: LX2565617<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   4984937 | PA      | $4976612.36   | 0.27%             | 2030-12-18      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| VELOCITY COMMERCIAL CAPITAL LOAN TRUST 2025-3                               | VCC 2025-3 M3                                                    | CUSIP: 92262RAK6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2146759 | PA      | $2162633.15   | 0.12%             | 2055-06-25      | Variable      | 7.38%                 | Yes           |                  2 | On Loan: No      |
| CLOVER HOLDING 2 LLC TL                                                     | CLOVER HOLDING 2 LLC TL                                          | CUSIP: LX2513344<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  19121000 | PA      | $17997641.25  | 0.96%             | 2031-11-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TWIN HOSPITALITY I 9.00%                                                    | TWIN HOSPITALITY I 9.00%                                         | CUSIP: 90164DAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7396875 | PA      | $7386889.20   | 0.39%             | 2054-10-26      | Fixed         | 9.00%                 | No            |                  3 | On Loan: No      |
| PENFED AUTO RECEIVA 0.00%                                                   | PENFED AUTO RECEIVA 0.00%                                        | CUSIP: 706917AB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     40000 | PA      | $5188192.12   | 0.28%             | 2033-10-17      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PRPM 2024-7 LLC                                                             | PRPM 2024-7 A2                                                   | CUSIP: 74448LAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5003558.00   | 0.27%             | 2029-11-25      | Variable      | 8.84%                 | Yes           |                  2 | On Loan: No      |
| AVANT CREDIT CARD MASTER TRUST                                              | AVCCT 2025-1A E                                                  | CUSIP: 05351KAU3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15619000 | PA      | $15308375.58  | 0.82%             | 2031-04-15      | Fixed         | 7.67%                 | Yes           |                  2 | On Loan: No      |
| Ondeck Asset Sec tr II 2016-1                                               | ONDK 2023-1A C                                                   | CUSIP: 67108SAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6000000 | PA      | $6023920.20   | 0.32%             | 2030-08-19      | Fixed         | 9.93%                 | Yes           |                  2 | On Loan: No      |
| Huntington National Bank of Ohio                                            | HACLN 2025-1 D                                                   | CUSIP: 446438TA1<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | ABS-O            | CORP              | US        |   3090892 | PA      | $3057865.45   | 0.16%             | 2033-03-21      | Floating      | 7.17%                 | Yes           |                  2 | On Loan: No      |
| USB Auto Owner Trust 2025-1                                                 | USCAR 2025-1A R                                                  | CUSIP: 90367VAH2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     22500 | PA      | $5605802.35   | 0.30%             | 2032-12-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| LATAM Airlines Group SA                                                     | LTMCI 7.625 01/07/31 144A                                        | CUSIP: 51817RAE6<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |   5000000 | PA      | $5050000.00   | 0.27%             | 2031-01-07      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| SERVICE EXP ISSUER LLC 2021-1                                               | SE 2021-1A C                                                     | CUSIP: 81758VAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2879318.10   | 0.15%             | 2032-02-02      | Fixed         | 5.37%                 | Yes           |                  2 | On Loan: No      |
| FAT BRANDS GFG ROYAL I LLC                                                  | FGFG 2021-1A A2                                                  | CUSIP: 31189WAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15072000 | PA      | $13866240.00  | 0.74%             | 2051-07-25      | Fixed         | 7.00%                 | Yes           |                  3 | On Loan: No      |
| Sophos Group                                                                | Sophos Group Term Loan B (Add-on) 350 2027-03-01                 | CUSIP: 86875TAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3333333 | PA      | $3165633.33   | 0.17%             | 2027-03-05      | Floating      | 8.28%                 | No            |                  2 | On Loan: No      |
| VISTA POINT SECURITIZATION TRUST 20                                         | VSTA 2024-CES2 B1                                                | CUSIP: 92841YAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1483000 | PA      | $1497782.54   | 0.08%             | 2054-10-25      | Variable      | 7.50%                 | Yes           |                  2 | On Loan: No      |
| FOUNDATION FINANCE TRUST 2025-1                                             | FFIN 2025-1A E                                                   | CUSIP: 35040WAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4517708 | PA      | $4437460.70   | 0.24%             | 2050-04-15      | Fixed         | 8.37%                 | Yes           |                  2 | On Loan: No      |
| GREENSKY HOME IMPRT TR 2025-1                                               | GSKY 2025-1A E                                                   | CUSIP: 39571NAH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2055189.80   | 0.11%             | 2060-03-25      | Fixed         | 8.65%                 | Yes           |                  2 | On Loan: No      |
| Deutsche Bank AG                                                            | CRFT 2025-2A CLN                                                 | CUSIP: 251937AD0<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   8000000 | PA      | $8060000.00   | 0.43%             | 2035-01-21      | Floating      | 10.92%                | Yes           |                  3 | On Loan: No      |
| AMC Networks Inc                                                            | AMCX 10.5 07/15/32 144A                                          | CUSIP: 00164VAK9<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |   7705000 | PA      | $7604250.19   | 0.41%             | 2032-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| OPORTUN ISSUANCE TRUST 2025-C                                               | OPTN 2025-C E                                                    | CUSIP: 68378RAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12500000 | PA      | $12472491.25  | 0.67%             | 2033-07-08      | Fixed         | 9.20%                 | Yes           |                  2 | On Loan: No      |
| Newrez LLC / Newres Gmsr Excess Owner LLC                                   | NZES 2021-GNT1 A                                                 | CUSIP: 65246QAA7<br>LEI: 549300FNXYY540N23N64 | Long             | ABS-O            | CORP              | US        |   3014622 | PA      | $2973719.67   | 0.16%             | 2026-11-25      | Fixed         | 3.47%                 | Yes           |                  2 | On Loan: No      |
| Clearwater Analytics                                                        | Clearwater Analytics Term Loan B 225 2032-02-02                  | CUSIP: 18512EAF9<br>LEI: 894500N8DN2JO5ZDRQ11 | Long             | LON              | CORP              | US        |   4975000 | PA      | $4968781.25   | 0.27%             | 2032-02-07      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| U S Bank National Assn Minneapolis Minnesota                                | USCLN 2025-SUP1 D                                                | CUSIP: 90357PBG8<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | ABS-O            | CORP              | US        |   2147320 | PA      | $2161257.79   | 0.12%             | 2032-02-25      | Floating      | 6.36%                 | Yes           |                  2 | On Loan: No      |
| Harvest Clo XXXVI Designated Activity Company                               | HARVT 36A F                                                      | CUSIP: BCC3MK3C6<br>LEI: 635400D94DGVG9CDLP77 | Long             | ABS-O            | CORP              | IE        |   1500000 | PA      | $1633891.74   | 0.09%             | 2038-07-15      | Floating      | 10.32%                | Yes           |                  2 | On Loan: No      |
| Silver Aircraft Lease Investment Ltd/Silver Aircraft Leasing Inc            | SLVRR 2019-1 A                                                   | CUSIP: 827304AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   2161030 | PA      | $2102681.72   | 0.11%             | 2044-07-15      | Fixed         | 3.97%                 | Yes           |                  2 | On Loan: No      |
| Indymac ABS, Inc.                                                           | INDYL 2005-L3 A                                                  | CUSIP: 456606JY9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    941501 | PA      | $753200.84    | 0.04%             | 2038-12-25      | Floating      | 4.23%                 | No            |                  3 | On Loan: No      |
| UNLOCK HEA TRUST 2025-2                                                     | UNLOK 2025-2 B                                                   | CUSIP: 914917AB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5250000 | PA      | $5108710.43   | 0.27%             | 2041-11-25      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| UNLOCK HEA TRUST 2025-2                                                     | UNLOK 2025-2 C                                                   | CUSIP: 914917AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7000000 | PA      | $5397458.50   | 0.29%             | 2041-11-25      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2026-AH1                                | GSMBS 2026-AH1 M3                                                | CUSIP: 362974AF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4744000 | PA      | $4735812.33   | 0.25%             | 2056-07-25      | Variable      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2026-ACES1                                         | JPMMT 2026-ACES1 M1                                              | CUSIP: 46664MBR1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $4950212.50   | 0.26%             | 2066-04-25      | Variable      | 5.61%                 | Yes           |                  2 | On Loan: No      |
| Brookfield Property Reit Inc/Bpr Cumulus Llc/Bpr Nimbus Llc/Ggsi Sellco Llc | BPYU 5.75 05/15/26 144A                                          | CUSIP: 11284DAA3<br>LEI: 549300K1JD1LDRNBET48 | Long             | DBT              | CORP              | US        |  20454000 | PA      | $20368802.95  | 1.09%             | 2026-05-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Sbna Auto Receivables Trust 2025-SF1                                        | SBAT 2025-SF1 F                                                  | CUSIP: 78437XAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3530422.00   | 0.19%             | 2033-06-15      | Fixed         | 8.71%                 | Yes           |                  2 | On Loan: No      |
| Vista Point Securitization Trust 2024-CES1                                  | VSTA 2024-CES1 B2                                                | CUSIP: 92839HAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2060198.60   | 0.11%             | 2054-05-25      | Variable      | 10.34%                | Yes           |                  2 | On Loan: No      |
| UNLOCK HEA TRUST 2025-2                                                     | UNLOK 2025-2 A                                                   | CUSIP: 914917AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15707906 | PA      | $15554862.58  | 0.83%             | 2041-11-25      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2026-AH1                                | GSMBS 2026-AH1 B1                                                | CUSIP: 362974AG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5500000 | PA      | $5487866.45   | 0.29%             | 2056-07-25      | Variable      | 7.07%                 | Yes           |                  2 | On Loan: No      |
| U S Bank National Assn Minneapolis Minnesota                                | USCLN 2025-SUP1 R                                                | CUSIP: 90357PBJ2<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | ABS-O            | CORP              | US        |   6710376 | PA      | $6846625.68   | 0.37%             | 2032-02-25      | Floating      | 11.16%                | Yes           |                  2 | On Loan: No      |
| CFMT 2023-HB12 LLC                                                          | CFMT 2023-HB12 M3                                                | CUSIP: 12530QAD8<br>LEI: 9845000F474A3854C279 | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $4927210.00   | 0.26%             | 2033-04-25      | Variable      | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Brand Industrial Services Inc.                                              | BRANDI 10.375 08/01/30 144A                                      | CUSIP: 104931AA8<br>LEI: 549300B658W2BPDQMW42 | Long             | DBT              | CORP              | US        |  11875000 | PA      | $10852714.50  | 0.58%             | 2030-08-01      | Fixed         | 10.38%                | Yes           |                  2 | On Loan: No      |
| VELOCITY COMMERCIAL CAPITAL LOAN TR                                         | VCC 2025-1 M4                                                    | CUSIP: 922955AN9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8489131 | PA      | $8551889.26   | 0.46%             | 2055-02-25      | Variable      | 10.15%                | Yes           |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2026-ACES1                                         | JPMMT 2026-ACES1 B2                                              | CUSIP: 46664MBT7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8382940 | PA      | $8285433.83   | 0.44%             | 2066-04-25      | Variable      | 7.45%                 | Yes           |                  2 | On Loan: No      |
| Resid Asset Secur                                                           | RAST 2006-A6 1A3                                                 | CUSIP: 76113FAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11997679 | PA      | $794905.02    | 0.04%             | 2036-07-25      | Floating      | 2.11%                 | No            |                  2 | On Loan: No      |
| Hoa Royaltyco LLC                                                           | HOAROY 4.723 11/22/55 144A                                       | CUSIP: 403962AB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14131592 | PA      | $10147155.72  | 0.54%             | 2055-11-22      | Fixed         | 4.72%                 | Yes           |                  3 | On Loan: No      |
| Brock Group                                                                 | Brock Group Term Loan B (Add-on) 600 2030-05-01                  | CUSIP: 11163AAC1<br>LEI: 5493000L6QAVHKOAM302 | Long             | LON              | CORP              | US        |   3571000 | PA      | $3551645.18   | 0.19%             | 2030-05-02      | Floating      | 9.66%                 | No            |                  2 | On Loan: No      |
| PRETIUM PKG HLD INC TL                                                      | PRETIUM PKG HLD INC TL                                           | CUSIP: 74142KAR0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5000000 | PA      | $4970250.00   | 0.27%             | 2031-03-02      | Fixed         | 8.94%                 | No            |                  2 | On Loan: No      |
| Avianca Midco 2 PLC                                                         | AVIAGP 9.625 02/14/30 144A                                       | CUSIP: 05369YAA7<br>LEI: 213800AMPX5VKH9AMX10 | Long             | DBT              | CORP              | GB        |  15000000 | PA      | $14025000.00  | 0.75%             | 2030-02-14      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| Avianca Midco 2 PLC                                                         | AVIAGP 9 12/01/28 144@                                           | CUSIP: 05369YAC3<br>LEI: 213800AMPX5VKH9AMX10 | Long             | DBT              | CORP              | GB        |   3442299 | PA      | $3330424.28   | 0.18%             | 2028-12-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Figre Trust 2023-HE1                                                        | FIGRE 2025-HE3 F                                                 | CUSIP: 31684LAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1600000 | PA      | $1683730.56   | 0.09%             | 2055-05-25      | Variable      | 9.08%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | GNR 2023-75 SD                                                   | CUSIP: 38384AXB4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  75784715 | PA      | $9425360.18   | 0.50%             | 2048-04-20      | Floating      | 2.41%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                       | FNR 2013-67 KS                                                   | CUSIP: 3136AFFD1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   6233680 | PA      | $652464.37    | 0.03%             | 2043-07-25      | Floating      | 2.32%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                            | MSCR 2021-MN3 B1                                                 | CUSIP: 35563GAC3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   5000000 | PA      | $5289800.50   | 0.28%             | 2051-11-25      | Floating      | 10.51%                | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                       | FNR 2020-27 SA                                                   | CUSIP: 3136B9TQ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |  13581031 | PA      | $1386021.68   | 0.07%             | 2050-05-25      | Floating      | 2.17%                 | No            |                  2 | On Loan: No      |
| Figre Trust 2023-HE1                                                        | FIGRE 2025-HE3 E                                                 | CUSIP: 31684LAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1854345.15   | 0.10%             | 2055-05-25      | Variable      | 8.10%                 | Yes           |                  2 | On Loan: No      |
| PREIT ASSOC LP RC TL                                                        | PREIT ASSOC LP RC TL                                             | CUSIP: 74044UAX4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2000000 | PA      | $1950000.00   | 0.10%             | 2028-12-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Unlock Hea Trust 2025-1                                                     | UNLOK 2025-1 A                                                   | CUSIP: 91528BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  16099117 | PA      | $16147198.85  | 0.86%             | 2041-07-25      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| BHG SECURITIZATION TRUST 2025-1CON                                          | BHG 2025-1CON E                                                  | CUSIP: 08860AAE9<br>LEI: 549300IEWA7GZ3ECTT90 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2052413.40   | 0.11%             | 2036-04-17      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Home Equity Mortgage Trust 2006-5                                           | HEMT 2006-5 A2                                                   | CUSIP: 43709PAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    252375 | PA      | $12618.73     | 0.00%             | 2037-01-25      | Floating      | 4.19%                 | No            |                  3 | On Loan: No      |
| Home Equity Mortgage Trust 2006-4                                           | HEMT 2006-4 M6                                                   | CUSIP: 43709JAK8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4391000 | PA      | $128.17       | 0.00%             | 2036-11-25      | Floating      | 3.99%                 | No            |                  3 | On Loan: No      |
| SLM Corp.                                                                   | SLM 3.125 11/02/26                                               | CUSIP: 78442PGE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4953909.40   | 0.26%             | 2026-11-02      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| MPT Operating Partnership, L.P.                                             | MPW 0.993 10/15/26                                               | CUSIP: U6203BAC8<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $11130631.98  | 0.59%             | 2026-10-15      | Fixed         | 0.99%                 | No            |                  2 | On Loan: No      |
| Optiv Security                                                              | Optiv Security First-lien Term Loan 525 2026-08-01               | CUSIP: 68405PAB8<br>LEI: 549300EMRBO1UNORKL53 | Long             | LON              | CORP              | US        |   5894472 | PA      | $3890351.74   | 0.21%             | 2026-07-31      | Floating      | 10.17%                | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | GNR 2023-147 SH                                                  | CUSIP: 38384DRF6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  27033280 | PA      | $3720474.12   | 0.20%             | 2051-04-20      | Floating      | 2.58%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | GNR 2024-173 SG                                                  | CUSIP: 38384VRE9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  23921604 | PA      | $2908926.80   | 0.16%             | 2043-11-20      | Floating      | 2.91%                 | No            |                  2 | On Loan: No      |
| Pembroke Olive Downs Pty Ltd                                                | PMBROV 11.5 02/18/30                                             | CUSIP: Q7414BAA0<br>LEI: 8755007XG1B6S61ECH90 | Long             | DBT              | CORP              | AU        |  10000000 | PA      | $9300000.00   | 0.50%             | 2030-02-18      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| Figre Trust 2023-HE1                                                        | FIGRE 2025-HE3 D                                                 | CUSIP: 31684LAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1796847.68   | 0.10%             | 2055-05-25      | Variable      | 6.77%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | GNR 2021-160 SG                                                  | CUSIP: 38383AVJ0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  11377027 | PA      | $1568744.11   | 0.08%             | 2051-09-20      | Floating      | 2.51%                 | No            |                  2 | On Loan: No      |
| CROSS 2023-H1 MTG TR                                                        | CROSS 2023-H1 B1                                                 | CUSIP: 22758CAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2618000 | PA      | $2622778.90   | 0.14%             | 2068-03-25      | Variable      | 8.26%                 | Yes           |                  2 | On Loan: No      |
| AVANT LOANS FUNDING TRUST 2025-REV1                                         | AVNT 2025-REV1 E                                                 | CUSIP: 05352BAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4988000 | PA      | $5133543.36   | 0.27%             | 2034-05-15      | Fixed         | 12.81%                | Yes           |                  2 | On Loan: No      |
| Wilton Park Clo DAC                                                         | WILPA 1A ER                                                      | CUSIP: BCC3MGL92<br>LEI: 254900MA3TGEBS397E50 | Long             | ABS-O            | CORP              | IE        |   3000000 | PA      | $3350254.65   | 0.18%             | 2038-07-15      | Floating      | 7.72%                 | Yes           |                  2 | On Loan: No      |
| Oportun Issuance Trust 2025-B                                               | OPTN 2025-B E                                                    | CUSIP: 68378QAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3021573.00   | 0.16%             | 2033-05-09      | Fixed         | 9.40%                 | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                     | CURRENCY CONTRACT - USD                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -9725000 | NC      | $71350.62     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WTS. TWIN HSPTL GRP INC                                                     | WTS. TWIN HSPTL GRP INC                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |    160755 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** Advisers Investment Trust

**Signature:** Troy Sheets

**Name of Signer:** Troy Sheets

**Title:** Treasurer