# EDGAR Filing Document

**Accession Number:** 0001500604
**File Stem:** 0002071691-25-000712
**Filing Date:** 2025-9
**Character Count:** 184772
**Document Hash:** cf354547ca7b96e2427f44633247e78b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-000712.hdr.sgml**: 20250918

**ACCESSION NUMBER**: 0002071691-25-000712

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250918

**DATE AS OF CHANGE**: 20250918

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Janus Detroit Street Trust
- **CENTRAL INDEX KEY:** 0001500604

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23112
- **FILM NUMBER:** 251322670

**BUSINESS ADDRESS:**
- **STREET 1:** 151 DETROIT STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206
- **BUSINESS PHONE:** 303-333-3863

**MAIL ADDRESS:**
- **STREET 1:** 151 DETROIT STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Janus ETF Trust
- **DATE OF NAME CHANGE:** 20100902

## Series and Classes Contracts Data

### Janus Henderson Income ETF (Series ID: S000088762)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000255137 | Janus Henderson Income ETF | JIII            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Janus Detroit Street Trust

- **b. Investment Company Act file number:** 811-23112

- **c. CIK number of Registrant:** 0001500604

- **d. LEI of Registrant:** 5493003MM7OCK5UJW595

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

  - **Street Address 1:** 151 Detroit Street

  - **City:** Denver

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80206

  - **Telephone number:** 303-333-3863

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

- **a. Name of Series:** Janus Henderson Income ETF

- **b. EDGAR series identifier (if any):** S000088762

- **c. LEI of Series:** 213800X12IY7RROOWO96

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $177007832.98

**Total Liabilities:** $35198768.68

**Net Assets:** $141809064.30

**Delayed Delivery Securities:** $446085.28

**Cash Not Reported:** $38531.21

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -167.47724483 | **1-Year:** -4158.51433055 | **5-Year:** -12132.76024549 | **10-Year:** -15225.22332103 | **30-Year:** -4449.51089361

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

- **3-Month:** -202.80043285 | **1-Year:** -6976.94114798 | **5-Year:** -16426.08691072 | **10-Year:** -8923.90066709 | **30-Year:** -1883.55659863

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255137 | 0.82%                | 1.60%                | 0.34%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $89196.97                | $654487.41                                 |
| Month 2  | $-63268.28               | $1836327.62                                |
| Month 3  | $234613.13               | $-698404.79                                |

**Designated Index Information**

- **Index Name:** 65%Bloomberg US Corp High Yld Bond/25%Bloomberg IG/10%Bloomberg MBS

- **Index Identifier:** INTRNL-2419436436

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Connecticut Avenue Securities Trust                     | Connecticut Avenue Securities Trust, Series 2025-R01, Class 1B1       | CUSIP: 20755JAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1390536 | PA      | $1382872.12   | 0.98%             | 2045-01-25      | Floating      | 6.05%                 | Yes           |                  2 | On Loan: No      |
| Sierra Timeshare Receivables Funding LLC                | Sierra Timeshare Receivables Funding LLC, Series 2025-1A, Class D     | CUSIP: 82653CAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    399559 | PA      | $398114.05    | 0.28%             | 2042-01-21      | Fixed         | 6.86%                 | Yes           |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                            | BX Commercial Mortgage Trust, Series 2024-BIO2, Class D               | CUSIP: 05613GAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    888000 | PA      | $877772.93    | 0.62%             | 2041-08-13      | Variable      | 7.71%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                     | New Residential Mortgage Loan Trust, Series 2024-RTL1, Class A2       | CUSIP: 64831PAB1<br>LEI: 213800CVLC5IFCJL6C96 | Long             | ABS-MBS          | CORP              | US        |    323000 | PA      | $325411.94    | 0.23%             | 2039-03-25      | Variable      | 7.10%                 | Yes           |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                | Avis Budget Rental Car Funding AESOP LLC, Series 2023-4A, Class D     | CUSIP: 05377RJS4<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    836000 | PA      | $844865.74    | 0.60%             | 2029-06-20      | Fixed         | 7.31%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | ETRS                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    134758 | PA      | $4714.55      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | Forward Foreign Currency Contract                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-140.16      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FHLMC STACR REMIC Trust                                 | FHLMC STACR REMIC Trust, Series 2021-DNA3, Class B2                   | CUSIP: 35564KFH7<br>LEI: 5493000ISUYHCRLRBE46 | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $308164.46    | 0.22%             | 2033-10-25      | Floating      | 10.60%                | Yes           |                  2 | On Loan: No      |
| FNMA or FHLMC                                           | UMBS, Single Family, 30 Year                                          | CUSIP: 01F042681<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3298000 | PA      | $3128439.93   | 2.21%             | 2055-08-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortgage Trust                 | Saluda Grade Alternative Mortgage Trust, Series 2023-RTL3, Class A1   | CUSIP: 79583YAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    506226 | PA      | $502607.22    | 0.35%             | 2029-04-25      | Variable      | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Kioxia Holdings Corp.                                   | Kioxia Holdings Corp.                                                 | CUSIP: 49726JAA6<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |    300000 | PA      | $298888.45    | 0.21%             | 2030-07-24      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| McGraw-Hill Education, Inc.                             | McGraw-Hill Education, Inc.                                           | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    270000 | PA      | $280647.45    | 0.20%             | 2031-09-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| NRM FHT1 Excess Owner LLC                               | NRM FHT1 Excess Owner LLC, Series 2025-FHT1, Class A                  | CUSIP: 64832EAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    620782 | PA      | $621973.21    | 0.44%             | 2032-03-25      | Variable      | 6.55%                 | Yes           |                  2 | On Loan: No      |
| River Rock Entertainment                                | River Rock Entertainment, First Lien Term Loan                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    280000 | PA      | $271600.00    | 0.19%             | 2031-06-25      | Variable      | 10.00%                | No            |                  2 | On Loan: No      |
| JH North America Holdings, Inc.                         | JH North America Holdings, Inc.                                       | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |     61000 | PA      | $61632.27     | 0.04%             | 2032-07-31      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Flutter Financing BV                                    | Flutter Financing BV, First Lien Term Loan B                          | CUSIP: N3313EAJ9<br>LEI: N/A                  | Long             | LON              | CORP              | NL        |     72800 | PA      | $72709.00     | 0.05%             | 2032-06-04      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| CP ATLAS BUYER, Inc.                                    | CP Atlas Buyer, Inc., First Lien Term Loan B                          | CUSIP: 12658HAL6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    329000 | PA      | $313537.00    | 0.22%             | 2030-07-08      | Variable      | 9.61%                 | No            |                  2 | On Loan: No      |
| Iceland Bondco plc                                      | Iceland Bondco plc                                                    | CUSIP: N/A<br>LEI: 2138002DRBYIA8QXHO36       | Long             | DBT              | CORP              | GB        |    320000 | PA      | $403384.10    | 0.28%             | 2028-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes                 | Santander Bank Auto Credit-Linked Notes, Series 2023-B, Class D       | CUSIP: 80290CCD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    251937 | PA      | $254615.25    | 0.18%             | 2033-12-15      | Fixed         | 6.66%                 | Yes           |                  2 | On Loan: No      |
| Olympus Water US Holding Corp.                          | Olympus Water US Holding Corp.                                        | CUSIP: N/A<br>LEI: 549300YU2GGVCBN3MY89       | Long             | DBT              | CORP              | US        |    320000 | PA      | $339944.17    | 0.24%             | 2029-10-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Proofpoint, Inc.                                        | Proofpoint, Inc., First Lien Term Loan                                | CUSIP: 74345HAG6<br>LEI: 529900C5FODDK0WSR085 | Long             | LON              | CORP              | US        |    223866 | PA      | $224121.71    | 0.16%             | 2028-08-31      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| General Motors Co.                                      | General Motors Co.                                                    | CUSIP: 37045VBB5<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |     62000 | PA      | $64099.86     | 0.05%             | 2035-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Trust, Series 2022-FOX2, Class D                                   | CUSIP: 05610AAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    227500 | PA      | $226507.15    | 0.16%             | 2039-04-15      | Floating      | 6.45%                 | Yes           |                  2 | On Loan: No      |
| BAMLL Re-REMIC Trust                                    | BAMLL Re-REMIC Trust, Series 2025-FRR5, Class EK86                    | CUSIP: 05494BBJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    257817 | PA      | $189675.48    | 0.13%             | 2051-11-27      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Aretec Group, Inc.                                      | Aretec Group, Inc., First Lien Term Loan B3                           | CUSIP: 04009DAH7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    299248 | PA      | $299765.82    | 0.21%             | 2030-08-09      | Variable      | 7.86%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                     | Connecticut Avenue Securities Trust, Series 2024-R03, Class 2B1       | CUSIP: 207941AF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1425000 | PA      | $1470332.43   | 1.04%             | 2044-03-25      | Floating      | 7.15%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | Forward Foreign Currency Contract                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $13726.79     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ITT Holdings LLC                                        | ITT Holdings LLC                                                      | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |    359000 | PA      | $341950.66    | 0.24%             | 2029-08-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Flutter Treasury DAC                                    | Flutter Treasury DAC                                                  | CUSIP: N/A<br>LEI: 635400JE8VLL9UFVIC38       | Long             | DBT              | CORP              | IE        |    170000 | PA      | $225803.57    | 0.16%             | 2031-06-04      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Hudsons Bay Simon JV Trust                              | Hudsons Bay Simon JV Trust, Series 2015-HB7, Class C7                 | CUSIP: 44422PBE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $98553.19     | 0.07%             | 2034-08-05      | Variable      | 5.16%                 | Yes           |                  2 | On Loan: No      |
| FNMA or FHLMC                                           | UMBS, Single Family, 30 Year                                          | CUSIP: 01F050684<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1963000 | PA      | $1910615.38   | 1.35%             | 2055-08-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | U.S. Treasury Ultra Bonds                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -21 | NC      | $-30135.75    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                     | S&P 500 Emini Index                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-25125.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Ziggo BV                                                | Ziggo BV, First Lien Term Loan H                                      | CUSIP: N9833RAH2<br>LEI: 213800TQASLF9JXH5J59 | Long             | LON              | CORP              | NL        |    500000 | PA      | $554500.14    | 0.39%             | 2029-01-31      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                               | Sunoco LP                                                             | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    239000 | PA      | $242059.44    | 0.17%             | 2033-07-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                             | Allied Universal Holdco LLC                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | GB        |    246000 | PA      | $316639.46    | 0.22%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | U.S. Treasury 2 Year Notes                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        82 | NC      | $-13922.07    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Beazer Homes USA, Inc.                                  | Beazer Homes USA, Inc.                                                | CUSIP: 07556QBU8<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |    302000 | PA      | $305428.91    | 0.22%             | 2031-03-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                              | Cloud Software Group, Inc.                                            | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    319000 | PA      | $322153.32    | 0.23%             | 2029-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| BlueMountain CLO XXXI Ltd.                              | BlueMountain CLO XXXI Ltd., Series 2021-31A, Class A1                 | CUSIP: 09631BAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    350000 | PA      | $350505.05    | 0.25%             | 2034-04-19      | Floating      | 5.74%                 | Yes           |                  2 | On Loan: No      |
| Foundation Building Materials                           | Foundation Building Materials, Inc., First Lien Term Loan             | CUSIP: 35039KAE6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     98000 | PA      | $95686.22     | 0.07%             | 2031-01-29      | Variable      | 9.55%                 | No            |                  2 | On Loan: No      |
| Modena Buyer LLC                                        | Modena Buyer LLC, First Lien Term Loan                                | CUSIP: 60753DAC8<br>LEI: 254900B0G2IU0VBDOY26 | Long             | LON              | CORP              | US        |    472928 | PA      | $463213.58    | 0.33%             | 2031-07-01      | Variable      | 8.81%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | Forward Foreign Currency Contract                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-126.39      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Latam Airlines Group SA                                 | Latam Airlines Group SA                                               | CUSIP: 51817RAE6<br>LEI: 549300HX3UUDPEFTG707 | Long             | DBT              | CORP              | CL        |    415000 | PA      | $428072.50    | 0.30%             | 2031-01-07      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                            | BX Commercial Mortgage Trust, Series 2021-VOLT, Class E               | CUSIP: 05609VAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    314869 | PA      | $314036.88    | 0.22%             | 2036-09-15      | Floating      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| FNMA or FHLMC                                           | UMBS, Single Family, 30 Year                                          | CUSIP: 01F052680<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   6438000 | PA      | $6403930.10   | 4.52%             | 2055-08-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Huntington Bank Auto Credit-Linked Notes                | Huntington Bank Auto Credit-Linked Notes, Series 2024-1, Class B1     | CUSIP: 44644NAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400989 | PA      | $405675.24    | 0.29%             | 2032-05-20      | Fixed         | 6.15%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | 100 oz Gold                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        -3 | NC      | $-780.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Financial Co., Inc.                      | General Motors Financial Co., Inc., Series A                          | CUSIP: 37045XCA2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    293000 | PA      | $286125.96    | 0.20%             | 2027-09-30      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Janus Henderson Cash Collateral Fund LLC                | Janus Henderson Cash Collateral Fund LLC                              | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |     65512 | PA      | $65512.00     | 0.05%             | 2025-08-01      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| FHLMC STACR REMIC Trust                                 | FHLMC STACR REMIC Trust, Series 2021-HQA3, Class B2                   | CUSIP: 35564KKL2<br>LEI: 5493000ISHRHX47NOH65 | Long             | ABS-MBS          | CORP              | US        |    912000 | PA      | $950796.28    | 0.67%             | 2041-09-25      | Floating      | 10.60%                | Yes           |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortgage Trust                 | Saluda Grade Alternative Mortgage Trust, Series 2024-RTL4, Class A1   | CUSIP: 79584CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    170000 | PA      | $170652.46    | 0.12%             | 2030-02-25      | Variable      | 7.50%                 | Yes           |                  2 | On Loan: No      |
| BAMLL Re-REMIC Trust                                    | BAMLL Re-REMIC Trust, Series 2025-FRR5, Class E736                    | CUSIP: 05494BAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    327626 | PA      | $281340.37    | 0.20%             | 2052-09-27      | Variable      | 0.86%                 | Yes           |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust                          | SWCH Commercial Mortgage Trust, Series 2025-DATA, Class F             | CUSIP: 78489CAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    530000 | PA      | $527018.75    | 0.37%             | 2042-02-15      | Floating      | 8.58%                 | Yes           |                  2 | On Loan: No      |
| Maxam Prill Sarl                                        | Maxam Prill Sarl                                                      | CUSIP: 57779MAA8<br>LEI: 984500C4C5B820A6B691 | Long             | DBT              | CORP              | LU        |    461000 | PA      | $450733.07    | 0.32%             | 2030-07-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Capital One Financial Corp.                             | Capital One Financial Corp.                                           | CUSIP: 14040HDJ1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128325.91    | 0.09%             | 2036-01-30      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| Reno de Medici SpA                                      | Reno de Medici SpA                                                    | CUSIP: N/A<br>LEI: 815600D6907FE7116F38       | Long             | DBT              | CORP              | IT        |    320000 | PA      | $292675.17    | 0.21%             | 2029-04-15      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Voyager Parent LLC                                      | Voyager Parent LLC                                                    | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |    275000 | PA      | $290907.10    | 0.21%             | 2032-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                            | BX Commercial Mortgage Trust, Series 2021-SOAR, Class F               | CUSIP: 05608WAQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    284940 | PA      | $284938.82    | 0.20%             | 2038-06-15      | Floating      | 6.81%                 | Yes           |                  2 | On Loan: No      |
| MTN Commercial Mortgage Trust                           | MTN Commercial Mortgage Trust, Series 2022-LPFL, Class F              | CUSIP: 62475WAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    650000 | PA      | $649679.80    | 0.46%             | 2039-03-15      | Floating      | 9.64%                 | Yes           |                  2 | On Loan: No      |
| Exeter Select Automobile Receivables Trust              | Exeter Select Automobile Receivables Trust, Series 2025-2, Class D    | CUSIP: 30185EAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $149472.46    | 0.11%             | 2032-01-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| Pilgrim's Pride Corp.                                   | Pilgrim's Pride Corp.                                                 | CUSIP: 72147KAK4<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    279000 | PA      | $293247.69    | 0.21%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Prima Capital CRE Securitization Ltd.                   | Prima Capital CRE Securitization Ltd., Series 2019-1S, Class C        | CUSIP: 74166KAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |    175000 | PA      | $139385.38    | 0.10%             | 2033-10-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                     | Connecticut Avenue Securities Trust, Series 2022-R02, Class 2B1       | CUSIP: 20754BAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $521406.25    | 0.37%             | 2042-01-25      | Floating      | 8.85%                 | Yes           |                  2 | On Loan: No      |
| X Corp.                                                 | X Corp., First Lien Term Loan B3                                      | CUSIP: 90184NAK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    249000 | PA      | $241253.61    | 0.17%             | 2029-10-26      | Variable      | 9.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA II, Single Family, 30 Year                                       | CUSIP: 21H040681<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    204000 | PA      | $187804.44    | 0.13%             | 2055-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                     | Connecticut Avenue Securities Trust, Series 2022-R01, Class 1B2       | CUSIP: 20754LAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    393000 | PA      | $412298.86    | 0.29%             | 2041-12-25      | Floating      | 10.35%                | Yes           |                  2 | On Loan: No      |
| VARSITY BRANDS, Inc.                                    | Varsity Brands, Inc., First Lien Term Loan B                          | CUSIP: 92227QAF3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    271842 | PA      | $272454.15    | 0.19%             | 2031-08-26      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| Burford Capital Global Finance LLC                      | Burford Capital Global Finance LLC                                    | CUSIP: 12116LAC3<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |    428000 | PA      | $426971.74    | 0.30%             | 2030-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Blue Owl Finance LLC                                    | Blue Owl Finance LLC                                                  | CUSIP: 09581JAT3<br>LEI: 254900OF2NO2GYFV5T41 | Long             | DBT              | CORP              | US        |     48000 | PA      | $49445.60     | 0.03%             | 2034-04-18      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                            | Hilton Grand Vacations Trust, Series 2025-1A, Class C                 | CUSIP: 43283CAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    322689 | PA      | $321220.56    | 0.23%             | 2042-05-27      | Fixed         | 5.52%                 | Yes           |                  2 | On Loan: No      |
| OEG Finance plc                                         | OEG Finance plc                                                       | CUSIP: N/A<br>LEI: 254900KMBHWF9UK63G44       | Long             | DBT              | CORP              | GB        |    320000 | PA      | $382453.08    | 0.27%             | 2029-09-27      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Trust, Series 2025-ROIC, Class E                                   | CUSIP: 05593VAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    299831 | PA      | $294219.60    | 0.21%             | 2030-03-15      | Floating      | 7.28%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | U.S. Treasury 5 Year Notes                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       249 | NC      | $70852.20     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudsons Bay Simon JV Trust                              | Hudsons Bay Simon JV Trust, Series 2015-HB10, Class A10               | CUSIP: 44422PBN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    238000 | PA      | $232164.48    | 0.16%             | 2034-08-05      | Fixed         | 4.15%                 | Yes           |                  2 | On Loan: No      |
| ARES Loan Funding III Ltd.                              | ARES Loan Funding III Ltd., Series 2022-ALF3A, Class A1R              | CUSIP: 04009BAN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1300000 | PA      | $1304554.42   | 0.92%             | 2036-07-25      | Floating      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| Ardagh Metal Packaging Finance USA LLC                  | Ardagh Metal Packaging Finance USA LLC                                | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    540000 | PA      | $559172.96    | 0.39%             | 2029-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CD&R Firefly Bidco plc                                  | CD&R Firefly Bidco plc                                                | CUSIP: N/A<br>LEI: 213800OAU5VX61DYZ558       | Long             | DBT              | CORP              | GB        |    320000 | PA      | $439577.51    | 0.31%             | 2029-04-30      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | JPMorgan Chase Bank NA, Series 2020-CL1, Class M2                     | CUSIP: 46591HAH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    699114 | PA      | $716768.20    | 0.51%             | 2057-10-25      | Floating      | 6.97%                 | Yes           |                  2 | On Loan: No      |
| Surgery Center Holdings, Inc.                           | Surgery Center Holdings, Inc.                                         | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |     67000 | PA      | $68889.87     | 0.05%             | 2032-04-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| QTS Issuer ABS I LLC                                    | QTS Issuer ABS I LLC, Series 2025-1A, Class B                         | CUSIP: 74690DAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    248000 | PA      | $248911.26    | 0.18%             | 2055-05-25      | Fixed         | 5.93%                 | Yes           |                  2 | On Loan: No      |
| FNMA or FHLMC                                           | UMBS, Single Family, 30 Year                                          | CUSIP: 01F032682<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5733000 | PA      | $5122555.89   | 3.61%             | 2055-08-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MHP                                                     | MHP, Series 2022-MHIL, Class G                                        | CUSIP: 55293DAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $790876.30    | 0.56%             | 2027-01-15      | Floating      | 8.30%                 | Yes           |                  2 | On Loan: No      |
| Midcontinent Communications                             | Midcontinent Communications                                           | CUSIP: 59565XAD2<br>LEI: 549300ZI9GDQBS28C408 | Long             | DBT              | CORP              | US        |    270000 | PA      | $284891.04    | 0.20%             | 2032-08-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Universal Health Services, Inc.                         | Universal Health Services, Inc.                                       | CUSIP: 913903AW0<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |    115000 | PA      | $101756.91    | 0.07%             | 2030-10-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | U.S. Treasury Long Bonds                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -14 | NC      | $-31649.27    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| BX Trust                                                | BX Trust, Series 2022-FOX2, Class A2                                  | CUSIP: 05610AAW8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    380762 | PA      | $380050.54    | 0.27%             | 2039-04-15      | Floating      | 5.09%                 | Yes           |                  2 | On Loan: No      |
| QXO Building Products, Inc.                             | QXO Building Products, Inc.                                           | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    191000 | PA      | $196686.83    | 0.14%             | 2032-04-30      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust                   | Westlake Automobile Receivables Trust, Series 2025-P1, Class D        | CUSIP: 96043LAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    275000 | PA      | $278546.06    | 0.20%             | 2032-07-15      | Fixed         | 5.59%                 | Yes           |                  2 | On Loan: No      |
| FHLMC STACR REMIC Trust                                 | FHLMC STACR REMIC Trust, Series 2024-DNA3, Class M2                   | CUSIP: 35564NFA6<br>LEI: 529900P3PHNE8PW64Z68 | Long             | ABS-MBS          | CORP              | US        |    325000 | PA      | $325622.07    | 0.23%             | 2044-10-25      | Floating      | 5.80%                 | Yes           |                  2 | On Loan: No      |
| Assemblin Caverion Group AB                             | Assemblin Caverion Group AB                                           | CUSIP: N/A<br>LEI: 636700ULD38LN63RC248       | Long             | DBT              | CORP              | SE        |    320000 | PA      | $367651.30    | 0.26%             | 2031-07-01      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| eG Global Finance plc                                   | eG Global Finance plc                                                 | CUSIP: N/A<br>LEI: 549300TL8Q5207VYET27       | Long             | DBT              | CORP              | GB        |    320000 | PA      | $405510.17    | 0.29%             | 2028-11-30      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| BXHPP Trust                                             | BXHPP Trust, Series 2021-FILM, Class B                                | CUSIP: 05609JAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    375000 | PA      | $350063.27    | 0.25%             | 2036-08-15      | Floating      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| SCG Commercial Mortgage Trust                           | SCG Commercial Mortgage Trust, Series 2025-FLWR, Class E              | CUSIP: 78438AAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $100000.00    | 0.07%             | 2030-08-15      | Floating      | 7.10%                 | Yes           |                  2 | On Loan: No      |
| Huntington Bank Auto Credit-Linked Notes                | Huntington Bank Auto Credit-Linked Notes, Series 2024-1, Class D      | CUSIP: 44644NAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    196289 | PA      | $200911.14    | 0.14%             | 2032-05-20      | Floating      | 9.60%                 | Yes           |                  2 | On Loan: No      |
| Six Flags Entertainment Corp.                           | Six Flags Entertainment Corp., First Lien Term Loan B                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    120833 | PA      | $120682.29    | 0.09%             | 2031-05-01      | Variable      | 6.09%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA II, Single Family, 30 Year                                       | CUSIP: 21H050680<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     96000 | PA      | $93704.35     | 0.07%             | 2055-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Herbalife Ltd.                                          | Herbalife Ltd.                                                        | CUSIP: 42703MAF0<br>LEI: 549300BA7TYPBSZZIA41 | Long             | DBT              | CORP              | KY        |    184000 | PA      | $171120.00    | 0.12%             | 2028-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                 | Level 3 Financing, Inc.                                               | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    182937 | PA      | $185380.02    | 0.13%             | 2033-06-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Lumen Technologies, Inc.                                | Lumen Technologies, Inc.                                              | CUSIP: 550241AB9<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    195411 | PA      | $190312.73    | 0.13%             | 2029-04-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                   | Bank of America Corp.                                                 | CUSIP: 06055HAK9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    420000 | PA      | $418555.17    | 0.30%             | 2030-07-26      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| Taseko Mines Ltd.                                       | Taseko Mines Ltd.                                                     | CUSIP: 876511AG1<br>LEI: 549300XKUO1JSLU7KX54 | Long             | DBT              | CORP              | CA        |    465000 | PA      | $485522.04    | 0.34%             | 2030-05-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | Forward Foreign Currency Contract                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-265.22      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Trivium Packaging Finance BV                            | Trivium Packaging Finance BV                                          | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $210607.99    | 0.15%             | 2030-07-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| PRPM LLC                                                | PRPM LLC, Series 2025-2, Class A1                                     | CUSIP: 69382HAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    652976 | PA      | $652479.22    | 0.46%             | 2030-05-25      | Variable      | 6.47%                 | Yes           |                  2 | On Loan: No      |
| Hilton Grand Vacations Borrower LLC                     | Hilton Grand Vacations Borrower LLC                                   | CUSIP: 43284MAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    338000 | PA      | $310775.08    | 0.22%             | 2031-07-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Full House Resorts, Inc.                                | Full House Resorts, Inc.                                              | CUSIP: 359678AC3<br>LEI: 5493009DKIWW0H901Y82 | Long             | DBT              | CORP              | US        |    227000 | PA      | $219745.01    | 0.15%             | 2028-02-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Regal Rexnord Corp.                                     | Regal Rexnord Corp.                                                   | CUSIP: 758750AP8<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |     97000 | PA      | $102534.66    | 0.07%             | 2033-04-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Business Jet Securities LLC                             | Business Jet Securities LLC, Series 2024-1A, Class C                  | CUSIP: 12327CAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    227416 | PA      | $231544.59    | 0.16%             | 2039-05-15      | Fixed         | 9.13%                 | Yes           |                  2 | On Loan: No      |
| White Cap Supply Holdings LLC                           | White Cap Supply Holdings LLC, First Lien Term Loan C                 | CUSIP: 96350TAH3<br>LEI: 254900L2N0T6GULCL366 | Long             | LON              | CORP              | US        |    425239 | PA      | $424358.82    | 0.30%             | 2029-10-19      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| Univision Communications, Inc.                          | Univision Communications, Inc.                                        | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    299000 | PA      | $303655.43    | 0.21%             | 2031-07-31      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| CVS Health Corp.                                        | CVS Health Corp.                                                      | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    169000 | PA      | $173873.96    | 0.12%             | 2055-03-10      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Patrick Industries, Inc.                                | Patrick Industries, Inc.                                              | CUSIP: 703343AH6<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |    292000 | PA      | $292194.76    | 0.21%             | 2032-11-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| American Airlines, Inc.                                 | American Airlines, Inc.                                               | CUSIP: 023771T40<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |    358000 | PA      | $374154.75    | 0.26%             | 2029-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Fiserv, Inc.                                            | Fiserv, Inc.                                                          | CUSIP: 337738BN7<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49671.33     | 0.04%             | 2034-08-12      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Mermaid Bidco, Inc.                                     | Mermaid Bidco, Inc., First Lien Term Loan B                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    120000 | PA      | $120033.60    | 0.08%             | 2031-07-03      | Variable      | 7.34%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                             | Asurion LLC, First Lien Term Loan B13                                 | CUSIP: 04649VBE9<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    356250 | PA      | $348501.56    | 0.25%             | 2030-09-19      | Variable      | 8.58%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                         | Citigroup, Inc., Series X                                             | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    441000 | PA      | $435815.47    | 0.31%             | 2026-02-18      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                     | Citigroup Commercial Mortgage Trust, Series 2021-PRM2, Class G        | CUSIP: 17291HAS3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $996422.72    | 0.70%             | 2038-10-15      | Floating      | 8.96%                 | Yes           |                  2 | On Loan: No      |
| DROP Mortgage Trust                                     | DROP Mortgage Trust, Series 2021-FILE, Class A                        | CUSIP: 26210YAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    325000 | PA      | $314503.47    | 0.22%             | 2043-10-15      | Floating      | 5.61%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | Forward Foreign Currency Contract                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $67459.93     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Carvana Co.                                             | Carvana Co.                                                           | CUSIP: 146869AH5<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |    564000 | PA      | $513240.00    | 0.36%             | 2029-09-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes                 | Santander Bank Auto Credit-Linked Notes, Series 2024-A, Class E       | CUSIP: 80290CCM4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    507511 | PA      | $513772.55    | 0.36%             | 2032-06-15      | Fixed         | 7.76%                 | Yes           |                  2 | On Loan: No      |
| OVG Business Services LLC                               | OVG Business Services LLC, First Lien Term Loan                       | CUSIP: 62955EAJ3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     97265 | PA      | $96778.68     | 0.07%             | 2031-06-25      | Variable      | 7.36%                 | No            |                  2 | On Loan: No      |
| Bayview Opportunity Master Fund VII LLC                 | Bayview Opportunity Master Fund VII LLC, Series 2024-CAR1, Class E    | CUSIP: 07336QAE2<br>LEI: 254900S53K9VTUR1UX42 | Long             | ABS-O            | CORP              | US        |    514536 | PA      | $522495.76    | 0.37%             | 2031-12-26      | Floating      | 7.95%                 | Yes           |                  2 | On Loan: No      |
| PROOFPOINT, Inc.                                        | Proofpoint, Inc., First Lien Term Loan                                | CUSIP: 74345HAJ0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    200000 | PA      | $200228.00    | 0.14%             | 2028-08-31      | Variable      | 6.78%                 | No            |                  2 | On Loan: No      |
| ACHM Mortgage Trust                                     | ACHM Mortgage Trust, Series 2024-HE1, Class B                         | CUSIP: 00449TAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    617877 | PA      | $634670.39    | 0.45%             | 2039-05-25      | Fixed         | 7.26%                 | Yes           |                  2 | On Loan: No      |
| GWT                                                     | GWT, Series 2024-WLF2, Class D                                        | CUSIP: 362414AG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1330000 | PA      | $1335124.97   | 0.94%             | 2041-05-15      | Floating      | 7.28%                 | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd.                                       | CIFC Funding Ltd., Series 2023-3A, Class D                            | CUSIP: 12598YAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $252343.48    | 0.18%             | 2037-01-20      | Floating      | 8.58%                 | Yes           |                  2 | On Loan: No      |
| FHLMC STACR REMIC Trust                                 | FHLMC STACR REMIC Trust, Series 2025-DNA1, Class M2                   | CUSIP: 35564NGA5<br>LEI: 529900WZAMS87JCAOC53 | Long             | ABS-MBS          | CORP              | US        |    380000 | PA      | $379554.69    | 0.27%             | 2045-01-25      | Floating      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| Herc Holdings, Inc.                                     | Herc Holdings, Inc.                                                   | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    130000 | PA      | $134616.82    | 0.09%             | 2033-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Charter Communications Operating LLC                    | Charter Communications Operating LLC                                  | CUSIP: 161175CR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    141000 | PA      | $148675.68    | 0.10%             | 2034-06-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer II LLC                       | Compass Datacenters Issuer II LLC, Series 2025-1A, Class B1           | CUSIP: 20469CAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    443000 | PA      | $443584.42    | 0.31%             | 2050-05-25      | Fixed         | 5.76%                 | Yes           |                  2 | On Loan: No      |
| Foundation Building Materials                           | Foundation Building Materials, Inc., First Lien Term Loan             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    272927 | PA      | $262613.22    | 0.19%             | 2031-01-29      | Variable      | 8.28%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Trust, Series 2021-ARIA, Class F                                   | CUSIP: 05608RAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $599079.46    | 0.42%             | 2036-10-15      | Floating      | 7.05%                 | Yes           |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                                | UnitedHealth Group, Inc.                                              | CUSIP: 91324PFQ0<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     24000 | PA      | $24252.85     | 0.02%             | 2035-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Co. LLC                     | Teva Pharmaceutical Finance Co. LLC                                   | CUSIP: 88163VAD1<br>LEI: 5493006PITD7MU7WW480 | Long             | DBT              | CORP              | US        |    689000 | PA      | $699952.74    | 0.49%             | 2036-02-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| JBS USA Holding Lux SARL                                | JBS USA Holding Lux SARL                                              | CUSIP: 47214BAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     49000 | PA      | $53337.38     | 0.04%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                        | CSC Holdings LLC                                                      | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    400000 | PA      | $402082.40    | 0.28%             | 2028-05-15      | Fixed         | 11.25%                | Yes           |                  2 | On Loan: No      |
| BEACON MOBILITY CORP.                                   | Beacon Mobility Corp., First Lien Term Loan                           | CUSIP: 07363PAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    284644 | PA      | $284467.55    | 0.20%             | 2030-06-17      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                             | Extended Stay America Trust, Series 2021-ESH, Class F                 | CUSIP: 30227FAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    471750 | PA      | $471752.83    | 0.33%             | 2038-07-15      | Floating      | 8.16%                 | Yes           |                  2 | On Loan: No      |
| Fashion Show Mall LLC                                   | Fashion Show Mall LLC, Series 2024-SHOW, Class B                      | CUSIP: 50245XAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1008482.10   | 0.71%             | 2041-10-10      | Variable      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| X Corp.                                                 | X Corp., First Lien Term Loan B1                                      | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    174000 | PA      | $169404.66    | 0.12%             | 2029-10-26      | Variable      | 10.96%                | No            |                  2 | On Loan: No      |
| Ares LIII CLO Ltd.                                      | Ares LIII CLO Ltd., Series 2019-53A, Class A1R                        | CUSIP: 04009GAQ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1072000 | PA      | $1076135.24   | 0.76%             | 2036-10-24      | Floating      | 5.60%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | U.S. Treasury 10 Year Notes                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        11 | NC      | $9077.76      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Neuberger Berman Loan Advisers CLO 42 Ltd.              | Neuberger Berman Loan Advisers CLO 42 Ltd., Series 2021-42A, Class AR | CUSIP: 64133WAL9<br>LEI: 549300LGCRX4YI1JNS93 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000234.30   | 0.71%             | 2036-07-16      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| American Airlines, Inc.                                 | American Airlines, Inc., First Lien Term Loan                         | CUSIP: 02376CBT1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     72818 | PA      | $73272.61     | 0.05%             | 2032-05-28      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| LHOME Mortgage Trust                                    | LHOME Mortgage Trust, Series 2024-RTL2, Class A1                      | CUSIP: 50205JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    325000 | PA      | $327580.76    | 0.23%             | 2029-03-25      | Variable      | 7.13%                 | Yes           |                  2 | On Loan: No      |
| Bombardier, Inc.                                        | Bombardier, Inc.                                                      | CUSIP: 097751AL5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    667000 | PA      | $720781.54    | 0.51%             | 2034-05-01      | Fixed         | 7.45%                 | Yes           |                  2 | On Loan: No      |
| Clarios Global LP                                       | Clarios Global LP, First Lien Term Loan                               | CUSIP: C8000CAP8<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |    340000 | PA      | $339857.20    | 0.24%             | 2032-01-28      | Variable      | 7.11%                 | No            |                  2 | On Loan: No      |
| Wilsonart LLC                                           | Wilsonart LLC                                                         | CUSIP: 97246JAA6<br>LEI: 549300SAZRUMYKDJBY14 | Long             | DBT              | CORP              | US        |    603000 | PA      | $554903.51    | 0.39%             | 2032-08-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| Warnermedia Holdings, Inc.                              | Warnermedia Holdings, Inc.                                            | CUSIP: 55903VBB8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    114000 | PA      | $99807.00     | 0.07%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                        | CVS Health Corp.                                                      | CUSIP: 126650CY4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     58000 | PA      | $52999.49     | 0.04%             | 2038-03-25      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Algonquin Power & Utilities Corp.                       | Algonquin Power & Utilities Corp.                                     | CUSIP: 015857AH8<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |    452000 | PA      | $438774.66    | 0.31%             | 2082-01-18      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| Affirm Asset Securitization Trust                       | Affirm Asset Securitization Trust, Series 2024-A, Class 1C            | CUSIP: 00834BAH0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    565000 | PA      | $567287.67    | 0.40%             | 2029-02-15      | Fixed         | 6.16%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | U.S. Treasury 10 Year Notes                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        -3 | NC      | $-281.25      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton, Inc.                               | Booz Allen Hamilton, Inc.                                             | CUSIP: 09951LAD5<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |     85000 | PA      | $86781.43     | 0.06%             | 2035-04-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                            | BX Commercial Mortgage Trust, Series 2024-GPA3, Class B               | CUSIP: 123910AC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     75955 | PA      | $76074.26     | 0.05%             | 2039-12-15      | Floating      | 5.98%                 | Yes           |                  2 | On Loan: No      |
| Getty Images, Inc.                                      | Getty Images, Inc.                                                    | CUSIP: 374276AM5<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95750.00     | 0.07%             | 2030-02-21      | Fixed         | 11.25%                | Yes           |                  2 | On Loan: No      |
| Bayview Opportunity Master Fund VII LLC                 | Bayview Opportunity Master Fund VII LLC, Series 2024-EDU1, Class D    | CUSIP: 07336PAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     79063 | PA      | $80963.87     | 0.06%             | 2047-06-25      | Floating      | 7.10%                 | Yes           |                  2 | On Loan: No      |
| FHLMC STACR REMIC Trust                                 | FHLMC STACR REMIC Trust, Series 2021-DNA6, Class B2                   | CUSIP: 35564KLV9<br>LEI: 5493000ISONLNOUKGB71 | Long             | ABS-MBS          | CORP              | US        |    243000 | PA      | $258052.31    | 0.18%             | 2041-10-25      | Floating      | 11.85%                | No            |                  2 | On Loan: No      |
| Rithm Capital Corp.                                     | Rithm Capital Corp.                                                   | CUSIP: 64828TAC6<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              | CORP              | US        |    133000 | PA      | $135397.99    | 0.10%             | 2030-07-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Gloves Buyer, Inc.                                      | Gloves Buyer, Inc., First Lien Term Loan                              | CUSIP: 37987UAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    362000 | PA      | $354126.50    | 0.25%             | 2032-05-21      | Variable      | 8.36%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust                          | SWCH Commercial Mortgage Trust, Series 2025-DATA, Class E             | CUSIP: 78489CAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    170000 | PA      | $169102.00    | 0.12%             | 2042-02-15      | Floating      | 7.68%                 | Yes           |                  2 | On Loan: No      |
| Stonepeak Nile Parent LLC                               | Stonepeak Nile Parent LLC, First Lien Term Loan                       | CUSIP: 86184XAB0<br>LEI: 254900TJV3VAFZD0GU41 | Long             | LON              | CORP              | US        |    176000 | PA      | $176308.00    | 0.12%             | 2032-04-09      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Trust, Series 2024-CNYN, Class D                                   | CUSIP: 05612HAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    196548 | PA      | $196701.76    | 0.14%             | 2041-04-15      | Floating      | 7.03%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                    | JPMorgan Chase & Co., Series KK                                       | CUSIP: 48128BAN1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    441000 | PA      | $433677.33    | 0.31%             | 2026-06-01      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| CE Intermediate I LLC                                   | CE Intermediate I LLC, First Lien Term Loan                           | CUSIP: 12523EAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    138652 | PA      | $138913.17    | 0.10%             | 2032-03-25      | Variable      | 7.45%                 | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                           | UMBS, Single Family, 30 Year                                          | CUSIP: 01F062689<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    153000 | PA      | $157782.78    | 0.11%             | 2055-08-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Western Digital Corp.                                   | Western Digital Corp.                                                 | CUSIP: 958102AQ8<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |     78000 | PA      | $72482.05     | 0.05%             | 2029-02-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| GLP Capital LP                                          | GLP Capital LP                                                        | CUSIP: 361841AQ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     66000 | PA      | $62196.15     | 0.04%             | 2031-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Albion Financing 1 SARL                                 | Albion Financing 1 SARL                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | LU        |    140000 | PA      | $165872.89    | 0.12%             | 2030-05-21      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Western Funding Auto Loan Trust                         | Western Funding Auto Loan Trust, Series 2025-1, Class C               | CUSIP: 958250AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    208000 | PA      | $207969.37    | 0.15%             | 2035-11-15      | Fixed         | 5.34%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | Forward Foreign Currency Contract                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-4390.27     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Marlette Funding Trust                                  | Marlette Funding Trust, Series 2025-1A, Class D                       | CUSIP: 570920AD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    348000 | PA      | $347949.82    | 0.25%             | 2035-07-16      | Fixed         | 6.02%                 | Yes           |                  2 | On Loan: No      |
| Six Flags Entertainment Corp.                           | Six Flags Entertainment Corp., First Lien Term Loan B                 | CUSIP: 15018LAN1<br>LEI: 529900AS2CYWYFHRS781 | Long             | LON              | CORP              | US        |    120529 | PA      | $120378.30    | 0.08%             | 2031-05-01      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd.                                        | Oaktree CLO Ltd., Series 2024-26A, Class D1                           | CUSIP: 67403CAJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501492.80    | 0.35%             | 2037-04-20      | Floating      | 7.78%                 | Yes           |                  2 | On Loan: No      |
| Ballyrock CLO 22 Ltd.                                   | Ballyrock CLO 22 Ltd., Series 2024-22A, Class A1A                     | CUSIP: 05877GAA1<br>LEI: 254900XC0FEB91ZCO167 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $251253.73    | 0.18%             | 2037-04-15      | Floating      | 5.86%                 | Yes           |                  2 | On Loan: No      |
| Fortescue Treasury Pty. Ltd.                            | Fortescue Treasury Pty. Ltd.                                          | CUSIP: 30251GBC0<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    314000 | PA      | $294186.82    | 0.21%             | 2031-04-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Lonza Group AG                                          | Lonza Group AG, First Lien Term Loan B                                | CUSIP: L4780EAC8<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |    457454 | PA      | $406480.22    | 0.29%             | 2028-07-03      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                        | NRG Energy, Inc.                                                      | CUSIP: 629377CT7<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     80000 | PA      | $87758.80     | 0.06%             | 2033-03-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Lernen US Finco LLC                                     | Lernen US Finco LLC, First Lien Term Loan B2                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    299250 | PA      | $300994.63    | 0.21%             | 2031-10-27      | Variable      | 8.29%                 | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                           | UMBS, Single Family, 30 Year                                          | CUSIP: 01F060683<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3207000 | PA      | $3251320.74   | 2.29%             | 2055-08-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Univision Communications, Inc.                          | Univision Communications, Inc.                                        | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    319000 | PA      | $330994.68    | 0.23%             | 2032-08-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| BroadStreet Partners, Inc.                              | BroadStreet Partners, Inc.                                            | CUSIP: 11135RAA3<br>LEI: 549300BS9N54G8DD0R75 | Long             | DBT              | CORP              | US        |    290000 | PA      | $288048.36    | 0.20%             | 2029-04-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Jane Street Group                                       | Jane Street Group                                                     | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    267000 | PA      | $273242.73    | 0.19%             | 2033-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| MHP                                                     | MHP, Series 2021-STOR, Class F                                        | CUSIP: 55293BAM7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    325000 | PA      | $324998.79    | 0.23%             | 2038-07-15      | Floating      | 6.66%                 | Yes           |                  2 | On Loan: No      |
| Palmer Square CLO Ltd.                                  | Palmer Square CLO Ltd., Series 2022-3A, Class D1R                     | CUSIP: 69690ABC0<br>LEI: 5493000CAZ8VWJGUOH13 | Long             | ABS-CBDO         | CORP              | KY        |    640000 | PA      | $641809.09    | 0.45%             | 2037-07-20      | Floating      | 7.28%                 | Yes           |                  2 | On Loan: No      |
| Long Ridge Energy LLC                                   | Long Ridge Energy LLC                                                 | CUSIP: 54288CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    628000 | PA      | $651248.08    | 0.46%             | 2032-02-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Osaic Holdings, Inc.                                    | Osaic Holdings, Inc., First Lien Term Loan                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    123000 | PA      | $123000.00    | 0.09%             | 2032-07-19      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| Albion Financing 1 SARL                                 | Albion Financing 1 SARL                                               | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    200000 | PA      | $205857.20    | 0.15%             | 2030-05-21      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Fora Financial Asset Securitization LLC                 | Fora Financial Asset Securitization LLC, Series 2024-1A, Class A      | CUSIP: 34512PAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    330000 | PA      | $330973.80    | 0.23%             | 2029-08-15      | Fixed         | 6.33%                 | Yes           |                  2 | On Loan: No      |
| US Bank NA                                              | US Bank NA, Series 2023-1, Class B                                    | CUSIP: 90357PAV6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     82693 | PA      | $83499.72     | 0.06%             | 2032-08-25      | Fixed         | 6.79%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | S&P 500 Emini Index                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-9375.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| ACHV ABS TRUST                                          | ACHV ABS TRUST, Series 2023-1PL, Class D                              | CUSIP: 00091XAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    221548 | PA      | $224484.45    | 0.16%             | 2030-03-18      | Fixed         | 8.47%                 | Yes           |                  2 | On Loan: No      |
| Long Ridge Energy LLC                                   | Long Ridge Energy LLC, First Lien Term Loan B                         | CUSIP: 54288BAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    223440 | PA      | $220367.70    | 0.16%             | 2032-02-19      | Variable      | 8.80%                 | No            |                  2 | On Loan: No      |
| FHF Issuer Trust                                        | FHF Issuer Trust, Series 2025-1A, Class C                             | CUSIP: 30340RAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    305000 | PA      | $306991.85    | 0.22%             | 2031-08-15      | Fixed         | 5.69%                 | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd.                                       | CIFC Funding Ltd., Series 2021-1A, Class A1R                          | CUSIP: 12563EAN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $401354.88    | 0.28%             | 2037-07-25      | Floating      | 5.74%                 | Yes           |                  2 | On Loan: No      |
| SREIT Trust                                             | SREIT Trust, Series 2021-MFP2, Class F                                | CUSIP: 85236WCQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    165000 | PA      | $164770.88    | 0.12%             | 2036-11-15      | Floating      | 7.07%                 | Yes           |                  2 | On Loan: No      |
| LifePoint Health, Inc.                                  | LifePoint Health, Inc.                                                | CUSIP: 53219LAW9<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |     27000 | PA      | $29675.57     | 0.02%             | 2030-10-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| NiSource, Inc.                                          | NiSource, Inc.                                                        | CUSIP: 65473PAT2<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    425000 | PA      | $430431.08    | 0.30%             | 2055-03-31      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| TEXAS Commercial Mortgage Trust                         | TEXAS Commercial Mortgage Trust, Series 2025-TWR, Class D             | CUSIP: 88231WAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    271000 | PA      | $270548.01    | 0.19%             | 2042-04-15      | Floating      | 7.43%                 | Yes           |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                             | First Quantum Minerals Ltd.                                           | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    400000 | PA      | $412168.86    | 0.29%             | 2033-03-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                 | Level 3 Financing, Inc.                                               | CUSIP: 527298BT9<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    406000 | PA      | $340353.86    | 0.24%             | 2029-07-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Mohegan Tribal Gaming Authority                         | Mohegan Tribal Gaming Authority                                       | CUSIP: 60832QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    327000 | PA      | $339013.00    | 0.24%             | 2030-04-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Cedar Funding IX CLO Ltd.                               | Cedar Funding IX CLO Ltd., Series 2018-9A, Class AR                   | CUSIP: 15033EAN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501590.85    | 0.35%             | 2037-07-20      | Floating      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ProAmpac PG Borrower LLC                                | ProAmpac PG Borrower LLC, First Lien Term Loan                        | CUSIP: 74274NAL7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    418939 | PA      | $419463.07    | 0.30%             | 2028-09-15      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Corp. Trust                      | GS Mortgage Securities Corp. Trust, Series 2025-800D, Class A         | CUSIP: 36273XAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    330000 | PA      | $330126.79    | 0.23%             | 2041-11-25      | Floating      | 7.00%                 | Yes           |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                            | BX Commercial Mortgage Trust, Series 2024-AIR2, Class D               | CUSIP: 05613QAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    216775 | PA      | $216883.09    | 0.15%             | 2041-10-15      | Floating      | 7.13%                 | Yes           |                  2 | On Loan: No      |
| Carvana Co.                                             | Carvana Co.                                                           | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |    558227 | PA      | $583887.74    | 0.41%             | 2030-06-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | Forward Foreign Currency Contract                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-2777.70     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Cloud Software Group, Inc.                              | Cloud Software Group, Inc.                                            | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    323000 | PA      | $334260.10    | 0.24%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)                | PNC Financial Services Group, Inc. (The), Series V                    | CUSIP: 693475BF1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    314000 | PA      | $317393.71    | 0.22%             | 2027-09-15      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| Forvia SE                                               | Forvia SE                                                             | CUSIP: 31209DAA3<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |    533000 | PA      | $555158.30    | 0.39%             | 2030-06-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Calpine Corp.                                           | Calpine Corp.                                                         | CUSIP: 131347CR5<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    288000 | PA      | $270765.50    | 0.19%             | 2031-03-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Allwyn Entertainment Financing UK plc                   | Allwyn Entertainment Financing UK plc                                 | CUSIP: N/A<br>LEI: 315700J7ZTIN8XGCX365       | Long             | DBT              | CORP              | GB        |    320000 | PA      | $387907.98    | 0.27%             | 2030-04-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GNMA                                                    | GNMA II, Single Family, 30 Year                                       | CUSIP: 21H052686<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     68000 | PA      | $67824.70     | 0.05%             | 2055-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Foundation Building Materials, Inc.                     | Foundation Building Materials, Inc.                                   | CUSIP: 350392AA4<br>LEI: 549300ZVE6MONHB01I28 | Long             | DBT              | CORP              | US        |    156000 | PA      | $146310.25    | 0.10%             | 2029-03-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Solventum Corp.                                         | Solventum Corp.                                                       | CUSIP: 83444MAR2<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |     48000 | PA      | $49232.09     | 0.03%             | 2034-03-23      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                   | Bank of America Corp.                                                 | CUSIP: 06051GMQ9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    102000 | PA      | $103766.09    | 0.07%             | 2036-02-12      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| Oaktree Strategic Credit Fund                           | Oaktree Strategic Credit Fund                                         | CUSIP: 67403AAF6<br>LEI: 2549006RRE0JC7G43241 | Long             | DBT              | CORP              | US        |     59000 | PA      | $59333.67     | 0.04%             | 2030-07-15      | Fixed         | 6.19%                 | Yes           |                  2 | On Loan: No      |
| Rad CLO 10 Ltd.                                         | Rad CLO 10 Ltd., Series 2021-10A, Class A                             | CUSIP: 48662LAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1050000 | PA      | $1051571.43   | 0.74%             | 2034-04-23      | Floating      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Wynn Macau Ltd.                                         | Wynn Macau Ltd.                                                       | CUSIP: 98313RAE6<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |    470000 | PA      | $452219.90    | 0.32%             | 2029-12-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| FREMF 2023-K511 Mortgage Trust                          | FREMF Mortgage Trust, Series 2023-K511, Class C                       | CUSIP: 30334FAG5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    162000 | PA      | $149539.02    | 0.11%             | 2028-11-25      | Variable      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| MVW LLC                                                 | MVW LLC, Series 2025-1A, Class C                                      | CUSIP: 627924AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    289701 | PA      | $289748.95    | 0.20%             | 2042-09-22      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | U.S. Treasury 10 Year Notes                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        -3 | NC      | $-562.50      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Capstone Borrower, Inc.                                 | Capstone Borrower, Inc.                                               | CUSIP: 140944AA7<br>LEI: 254900YSP2BAI3YKIX08 | Long             | DBT              | CORP              | US        |    221000 | PA      | $229667.62    | 0.16%             | 2030-06-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Stonex Escrow Issuer LLC                                | Stonex Escrow Issuer LLC                                              | CUSIP: 86189AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    315000 | PA      | $320657.93    | 0.23%             | 2032-07-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Ameren Corp.                                            | Ameren Corp.                                                          | CUSIP: 023608AR3<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | DBT              | CORP              | US        |    177000 | PA      | $178231.00    | 0.13%             | 2035-03-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Trust, Series 2024-VLT4, Class E                                   | CUSIP: 05612TAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $248907.24    | 0.18%             | 2029-07-15      | Floating      | 7.23%                 | Yes           |                  2 | On Loan: No      |
| Wind River CLO Ltd.                                     | Wind River CLO Ltd., Series 2021-4A, Class D                          | CUSIP: 97316UAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $485004.60    | 0.34%             | 2035-01-20      | Floating      | 7.79%                 | Yes           |                  2 | On Loan: No      |
| CP Atlas Buyer, Inc.                                    | CP Atlas Buyer, Inc.                                                  | CUSIP: 12597YAC3<br>LEI: 2549006ZZ07G0NDDCR36 | Long             | DBT              | CORP              | US        |     92000 | PA      | $92826.16     | 0.07%             | 2030-07-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| MHC Commercial Mortgage Trust                           | MHC Commercial Mortgage Trust, Series 2021-MHC, Class F               | CUSIP: 55316VAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    320000 | PA      | $320352.20    | 0.23%             | 2038-04-15      | Floating      | 7.06%                 | Yes           |                  2 | On Loan: No      |
| Celanese US Holdings LLC                                | Celanese US Holdings LLC                                              | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    168000 | PA      | $175393.18    | 0.12%             | 2033-11-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                  | JPMorgan Chase Bank NA, Series 2020-CL1, Class M1                     | CUSIP: 46591HAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    919868 | PA      | $943276.45    | 0.67%             | 2057-10-25      | Floating      | 6.72%                 | Yes           |                  2 | On Loan: No      |
| Summer BC Holdco B SARL                                 | Summer BC Holdco B SARL, First Lien Term Loan B                       | CUSIP: 86564BAC6<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |    419940 | PA      | $419939.55    | 0.30%             | 2029-02-15      | Variable      | 9.56%                 | No            |                  2 | On Loan: No      |
| Molex Electronic Technologies LLC                       | Molex Electronic Technologies LLC                                     | CUSIP: 60856BAF1<br>LEI: 549300WTBVUFUPSIWI20 | Long             | DBT              | CORP              | US        |     42000 | PA      | $42134.03     | 0.03%             | 2032-04-30      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| ProGroup AG                                             | ProGroup AG                                                           | CUSIP: N/A<br>LEI: 529900YI5W5TQ8F2FP82       | Long             | DBT              | CORP              | DE        |    320000 | PA      | $360762.16    | 0.25%             | 2031-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | Forward Foreign Currency Contract                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-181.41      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                              | Occidental Petroleum Corp.                                            | CUSIP: 674599EL5<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     95000 | PA      | $93167.74     | 0.07%             | 2034-10-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Ineos US Petrochem LLC                                  | INEOS US Petrochem LLC, First Lien Term Loan B                        | CUSIP: G4770MAN4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    130672 | PA      | $118258.61    | 0.08%             | 2031-10-07      | Variable      | 8.61%                 | No            |                  2 | On Loan: No      |
| Spa Holdings 3 Oy                                       | Spa Holdings 3 Oy, First Lien Term Loan B                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | FI        |    300000 | PA      | $300375.00    | 0.21%             | 2028-02-04      | Variable      | 8.31%                 | No            |                  2 | On Loan: No      |
| Janus Henderson Cash Liquidity Fund LLC                 | Janus Henderson Cash Liquidity Fund LLC                               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |  10641406 | NS      | $10643533.80  | 7.51%             |  |  |  | No            |                  2 | On Loan: No      |
| JBS USA Holding Lux Sarl                                | JBS USA Holding Lux SARL                                              | CUSIP: 472140AE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    122000 | PA      | $121503.46    | 0.09%             | 2036-01-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Star Parent, Inc.                                       | Star Parent, Inc.                                                     | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |    167000 | PA      | $175617.01    | 0.12%             | 2030-10-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| AMC Networks, Inc.                                      | AMC Networks, Inc.                                                    | CUSIP: 00164VAK9<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |    277000 | PA      | $281847.50    | 0.20%             | 2032-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Tallgrass Energy Partners LP                            | Tallgrass Energy Partners LP                                          | CUSIP: 87470LAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    457000 | PA      | $447822.21    | 0.32%             | 2031-09-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                            | BX Commercial Mortgage Trust, Series 2024-MF, Class C                 | CUSIP: 05612EAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    148756 | PA      | $148949.79    | 0.11%             | 2039-02-15      | Floating      | 6.28%                 | Yes           |                  2 | On Loan: No      |
| Worldwide Plaza Trust                                   | Worldwide Plaza Trust, Series 2017-WWP, Class A                       | CUSIP: 98162JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    160000 | PA      | $114647.73    | 0.08%             | 2036-11-10      | Fixed         | 3.53%                 | Yes           |                  2 | On Loan: No      |
| MHC Commercial Mortgage Trust                           | MHC Commercial Mortgage Trust, Series 2021-MHC, Class G               | CUSIP: 55316VAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    680000 | PA      | $680976.25    | 0.48%             | 2038-04-15      | Floating      | 7.66%                 | Yes           |                  2 | On Loan: No      |
| Starwood Property Trust, Inc.                           | Starwood Property Trust, Inc.                                         | CUSIP: 85571BBE4<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    249000 | PA      | $256298.94    | 0.18%             | 2030-10-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Grupo Antolin-Irausa SA                                 | Grupo Antolin-Irausa SA                                               | CUSIP: N/A<br>LEI: 213800OILC5Q9AR63B63       | Long             | DBT              | CORP              | ES        |    200000 | PA      | $147006.00    | 0.10%             | 2030-01-30      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| Ahlstrom Holding 3 Oy                                   | Ahlstrom Holding 3 Oy, First Lien Term Loan B1                        | CUSIP: 78475BAB3<br>LEI: 743700UEY0YM039XN974 | Long             | LON              | CORP              | US        |    291120 | PA      | $292452.92    | 0.21%             | 2030-05-23      | Variable      | 8.48%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                     | Connecticut Avenue Securities Trust, Series 2024-R05, Class 2M2       | CUSIP: 20754XAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    190000 | PA      | $190757.03    | 0.13%             | 2044-07-25      | Floating      | 6.05%                 | Yes           |                  2 | On Loan: No      |
| Mermaid Bidco, Inc.                                     | Mermaid Bidco, Inc., First Lien Term Loan B                           | CUSIP: 59012CAL9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    409271 | PA      | $409385.95    | 0.29%             | 2031-07-03      | Variable      | 7.51%                 | No            |                  2 | On Loan: No      |
| Marvell Technology, Inc.                                | Marvell Technology, Inc.                                              | CUSIP: 573874AR5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     37000 | PA      | $37021.89     | 0.03%             | 2030-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HLF Financing Sarl LLC                                  | HLF Financing Sarl LLC                                                | CUSIP: 40390DAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $189647.83    | 0.13%             | 2029-04-15      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| GNMA                                                    | GNMA II, Single Family, 30 Year                                       | CUSIP: 21H032688<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2092000 | PA      | $1879490.46   | 1.33%             | 2055-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | U.S. Treasury 5 Year Notes                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -29 | NC      | $-1812.50     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                     | Forward Foreign Currency Contract                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $198871.22    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                     | Forward Foreign Currency Contract                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $13898.27     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PRET LLC                                                | PRET LLC, Series 2021-RN4, Class A1                                   | CUSIP: 69359QAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    286751 | PA      | $286517.71    | 0.20%             | 2051-10-25      | Variable      | 5.49%                 | Yes           |                  2 | On Loan: No      |
| Motel One GmbH                                          | Motel One GmbH, First Lien Term Loan B                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |    500000 | PA      | $575851.72    | 0.41%             | 2032-05-28      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| Navient Corp.                                           | Navient Corp.                                                         | CUSIP: 63938CAM0<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    106000 | PA      | $103694.17    | 0.07%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Taurus UK DAC                                           | Taurus UK Designated Activity Co., Series 2025-UK3A, Class D          | CUSIP: N/A<br>LEI: 635400XWNSMBWUUQIW58       | Long             | ABS-MBS          | CORP              | IE        |    170000 | PA      | $225383.80    | 0.16%             | 2035-07-20      | Floating      | 7.03%                 | Yes           |                  2 | On Loan: No      |
| American Electric Power Co., Inc.                       | American Electric Power Co., Inc.                                     | CUSIP: 025537AU5<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    298000 | PA      | $287362.35    | 0.20%             | 2062-02-15      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                           | UMBS, Single Family, 30 Year                                          | CUSIP: 01F030686<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4468000 | PA      | $3824201.41   | 2.70%             | 2055-08-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PAX Holdco Spain SL                                     | PAX HoldCo Spain SL, First Lien Term Loan                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | ES        |    500000 | PA      | $571920.19    | 0.40%             | 2029-12-31      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| CMS Energy Corp.                                        | CMS Energy Corp.                                                      | CUSIP: 125896BY5<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    411000 | PA      | $414416.64    | 0.29%             | 2055-06-01      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Herc Holdings, Inc.                                     | Herc Holdings, Inc.                                                   | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    180000 | PA      | $186036.41    | 0.13%             | 2030-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| JB Poindexter & Co., Inc.                               | JB Poindexter & Co., Inc.                                             | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |    115000 | PA      | $117614.81    | 0.08%             | 2031-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| LPL Holdings, Inc.                                      | LPL Holdings, Inc.                                                    | CUSIP: 50212YAK0<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |     48000 | PA      | $49600.24     | 0.03%             | 2034-05-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                    | ROYAL BANK OF CANADA                                                  | CUSIP: N/A<br>LEI: ES7IP3U3RHIGC71XBU11       | Long             | STIV             | CORP              | CA        |     16378 | PA      | $16378.00     | 0.01%             | 2025-08-01      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | Forward Foreign Currency Contract                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-6386.17     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Inizio Group Ltd.                                       | Inizio Group Ltd., First Lien Term Loan                               | CUSIP: 12509YAE6<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |    278000 | PA      | $269660.00    | 0.19%             | 2028-08-21      | Variable      | 8.65%                 | No            |                  2 | On Loan: No      |
| Civitas Resources, Inc.                                 | Civitas Resources, Inc.                                               | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    331000 | PA      | $335084.11    | 0.24%             | 2031-07-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Gray Media, Inc.                                        | Gray Media, Inc.                                                      | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    346000 | PA      | $344180.24    | 0.24%             | 2033-08-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                          | Morgan Stanley                                                        | CUSIP: 6174468G7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49844.28     | 0.04%             | 2030-01-23      | Variable      | 4.43%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                             | Allied Universal Holdco LLC                                           | CUSIP: 019576AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    331000 | PA      | $338866.55    | 0.24%             | 2030-06-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes                 | Santander Bank Auto Credit-Linked Notes, Series 2024-B, Class F       | CUSIP: 80280BAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $905260.50    | 0.64%             | 2033-01-18      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                                 | Quikrete Holdings, Inc.                                               | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    410000 | PA      | $420505.95    | 0.30%             | 2033-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding LXVI Ltd.                          | Madison Park Funding LXVI Ltd., Series 2024-66A, Class A2             | CUSIP: 55822YAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001867.40   | 0.71%             | 2037-10-21      | Floating      | 5.91%                 | Yes           |                  2 | On Loan: No      |
| Coinstar Funding LLC                                    | Coinstar Funding LLC, Series 2017-1A, Class A2                        | CUSIP: 19260MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    467925 | PA      | $431535.32    | 0.30%             | 2047-04-25      | Fixed         | 5.22%                 | Yes           |                  2 | On Loan: No      |
| COOPR Residential Mortgage Trust                        | COOPR Residential Mortgage Trust, Series 2025-CES1, Class A1A         | CUSIP: 12596SAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    798482 | PA      | $799858.36    | 0.56%             | 2060-05-25      | Variable      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corp.                                          | Carnival Corp.                                                        | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    408000 | PA      | $410762.16    | 0.29%             | 2032-08-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Reach ABS Trust                                         | Reach ABS Trust, Series 2025-2A, Class C                              | CUSIP: 75525QAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250398.36    | 0.18%             | 2032-08-18      | Fixed         | 5.69%                 | Yes           |                  2 | On Loan: No      |
| GCI Liberty, Inc.                                       | GCI Liberty, Inc.                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       250 | NS      | $250000.00    | 0.18%             |  |  |  | No            |                  3 | On Loan: No      |
| PRET LLC                                                | PRET LLC, Series 2025-NPL4, Class A1                                  | CUSIP: 74136UAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1044204 | PA      | $1046565.08   | 0.74%             | 2055-04-25      | Variable      | 6.37%                 | Yes           |                  2 | On Loan: No      |
| Gategroup Fin Luxembourg SA                             | gategroup Finance Luxembourg SA, First Lien Term Loan B               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |    111000 | PA      | $111416.25    | 0.08%             | 2032-05-28      | Variable      | 8.03%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                     | Connecticut Avenue Securities Trust, Series 2023-R06, Class 1B2       | CUSIP: 20754EAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1074876.82   | 0.76%             | 2043-07-25      | Floating      | 10.25%                | Yes           |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                     | Exeter Automobile Receivables Trust, Series 2024-3A, Class E          | CUSIP: 30165AAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     95000 | PA      | $99090.91     | 0.07%             | 2031-10-15      | Fixed         | 7.84%                 | Yes           |                  2 | On Loan: No      |
| Aston Martin Capital Holdings Ltd.                      | Aston Martin Capital Holdings Ltd.                                    | CUSIP: N/A<br>LEI: 213800H4GKEF3CJ8C774       | Long             | DBT              | CORP              | JE        |    320000 | PA      | $396581.53    | 0.28%             | 2029-03-31      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| Benteler International AG                               | Benteler International AG                                             | CUSIP: N/A<br>LEI: 529900ZAFSOBVFCKF263       | Long             | DBT              | CORP              | AT        |    150000 | PA      | $182113.93    | 0.13%             | 2031-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd.                                       | CIFC Funding Ltd., Series 2021-3A, Class D                            | CUSIP: 12564DAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $251467.93    | 0.18%             | 2036-07-15      | Floating      | 7.58%                 | Yes           |                  2 | On Loan: No      |
| Bertrand Franchise Finance SAS                          | Bertrand Franchise Finance SAS                                        | CUSIP: N/A<br>LEI: 969500HGPPEHSTNJFW57       | Long             | DBT              | CORP              | FR        |    320000 | PA      | $356662.52    | 0.25%             | 2030-07-18      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Acropole Holding SAS                                    | Acropole Holding SAS, First Lien Term Loan                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | FR        |    500000 | PA      | $570369.32    | 0.40%             | 2032-07-16      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| Taurus UK DAC                                           | Taurus UK Designated Activity Co., Series 2025-UK3A, Class C          | CUSIP: N/A<br>LEI: 635400XWNSMBWUUQIW58       | Long             | ABS-MBS          | CORP              | IE        |    120000 | PA      | $158944.47    | 0.11%             | 2035-07-20      | Floating      | 6.23%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | Forward Foreign Currency Contract                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $12009.87     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LPL Holdings, Inc.                                      | LPL Holdings, Inc.                                                    | CUSIP: 50212YAQ7<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |     63000 | PA      | $63701.37     | 0.04%             | 2035-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ALA Trust                                               | ALA Trust, Series 2025-OANA, Class D                                  | CUSIP: 009920AG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    176000 | PA      | $176797.84    | 0.12%             | 2040-06-15      | Floating      | 7.43%                 | Yes           |                  2 | On Loan: No      |
| Octagon 75 Ltd.                                         | Octagon 75 Ltd., Series 2025-1A, Class D2                             | CUSIP: 67579EAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    700000 | PA      | $701827.42    | 0.49%             | 2038-01-22      | Floating      | 7.98%                 | Yes           |                  2 | On Loan: No      |
| Victra Holdings LLC                                     | Victra Holdings LLC                                                   | CUSIP: 92648DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    592000 | PA      | $620436.13    | 0.44%             | 2029-09-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Civitas Resources, Inc.                                 | Civitas Resources, Inc.                                               | CUSIP: 17888HAD5<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    296000 | PA      | $304459.41    | 0.21%             | 2033-06-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| Osaic Holdings, Inc.                                    | Osaic Holdings, Inc.                                                  | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |     68000 | PA      | $69102.18     | 0.05%             | 2033-08-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Lumen Technologies, Inc.                                | Lumen Technologies, Inc.                                              | CUSIP: 550241AK9<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |    184918 | PA      | $186998.33    | 0.13%             | 2032-10-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| OLYMPUS WATER US HOLDING Corp.                          | Olympus Water US Holding Corp., First Lien Term Loan B                | CUSIP: 68163YAK1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    172000 | PA      | $171441.00    | 0.12%             | 2032-07-23      | Variable      | 7.13%                 | No            |                  2 | On Loan: No      |
| Raven Acquisition Holdings LLC                          | Raven Acquisition Holdings LLC                                        | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    588000 | PA      | $593895.81    | 0.42%             | 2031-11-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| TerraForm Power Operating LLC                           | TerraForm Power Operating LLC                                         | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |    334000 | PA      | $320170.06    | 0.23%             | 2030-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| FHLMC STACR REMIC Trust                                 | FHLMC STACR REMIC Trust, Series 2025-HQA1, Class M2                   | CUSIP: 35564NHA4<br>LEI: 529900MBUPRSJMB6GN48 | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $351380.86    | 0.25%             | 2045-02-25      | Floating      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                               | Ford Motor Credit Co. LLC                                             | CUSIP: 345397G56<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    483000 | PA      | $481680.20    | 0.34%             | 2035-02-07      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Rocket Software, Inc.                                   | Rocket Software, Inc.                                                 | CUSIP: 77314EAA6<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |    334000 | PA      | $324752.01    | 0.23%             | 2029-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | U.S. Treasury 10 Year Ultra Bonds                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -44 | NC      | $-47422.37    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Credit Income Corp.                            | Blue Owl Credit Income Corp.                                          | CUSIP: 09581CAD3<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    133000 | PA      | $133246.55    | 0.09%             | 2030-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Vmed O2 UK Financing I plc                              | Vmed O2 UK Financing I plc                                            | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    299000 | PA      | $276625.86    | 0.20%             | 2031-07-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Sixth Street Lending Partners                           | Sixth Street Lending Partners                                         | CUSIP: 829932AB8<br>LEI: 549300S9P1HMDERGCR64 | Long             | DBT              | CORP              | US        |     33000 | PA      | $34010.49     | 0.02%             | 2029-03-11      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Uniti Group LP                                          | Uniti Group LP                                                        | CUSIP: 91327AAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    147000 | PA      | $139106.22    | 0.10%             | 2030-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Compass Minerals International, Inc.                    | Compass Minerals International, Inc.                                  | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |    358000 | PA      | $370899.75    | 0.26%             | 2030-07-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust                   | Westlake Automobile Receivables Trust, Series 2025-2A, Class D        | CUSIP: 96041KAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    118000 | PA      | $117955.07    | 0.08%             | 2031-05-15      | Fixed         | 5.08%                 | Yes           |                  2 | On Loan: No      |
| Heartland Dental, LLC                                   | Heartland Dental LLC, First Lien Term Loan                            | CUSIP: 42236WAW7<br>LEI: 5493008FRC0GRKBN1075 | Long             | LON              | CORP              | US        |    299242 | PA      | $299466.86    | 0.21%             | 2028-04-28      | Variable      | 8.86%                 | No            |                  2 | On Loan: No      |
| Directv Financing LLC                                   | DIRECTV Financing LLC, First Lien Term Loan B                         | CUSIP: 25460HAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    256949 | PA      | $254528.59    | 0.18%             | 2029-08-02      | Variable      | 9.82%                 | No            |                  2 | On Loan: No      |
| Zodiac Purchaser LLC                                    | Zodiac Purchaser LLC, First Lien Term Loan                            | CUSIP: 98980XAC9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    176000 | PA      | $175285.44    | 0.12%             | 2032-02-16      | Variable      | 7.86%                 | No            |                  2 | On Loan: No      |
| New Home Co., Inc. (The)                                | New Home Co., Inc. (The)                                              | CUSIP: 645370AG2<br>LEI: 549300PLCE8TB3TVRQ85 | Long             | DBT              | CORP              | US        |    467000 | PA      | $476793.46    | 0.34%             | 2030-11-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Garda World Security Corp.                              | Garda World Security Corp.                                            | CUSIP: 36485MAL3<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    504000 | PA      | $494354.95    | 0.35%             | 2029-06-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| American Express Co.                                    | American Express Co.                                                  | CUSIP: 025816CH0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    452000 | PA      | $441776.80    | 0.31%             | 2026-09-15      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| Winterfell Financing SARL                               | Winterfell Financing SARL, First Lien Term Loan B3                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |    500000 | PA      | $564463.45    | 0.40%             | 2028-05-04      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| Lernen BidcoLtd.                                        | Lernen Bidco Ltd., First Lien Term Loan                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |     33000 | PA      | $33192.39     | 0.02%             | 2031-10-27      | Variable      | 7.84%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                             | FIGRE Trust, Series 2024-HE6, Class C                                 | CUSIP: 31684DAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    438650 | PA      | $438085.98    | 0.31%             | 2054-12-25      | Variable      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                     | U.S. Treasury 5 Year Notes                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -29 | NC      | $-3851.58     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Star Parent, Inc.                                       | Star Parent, Inc., First Lien Term Loan                               | CUSIP: 87169DAB1<br>LEI: 254900GRGCJYRMDRWT73 | Long             | LON              | CORP              | US        |    419571 | PA      | $414502.54    | 0.29%             | 2030-09-27      | Variable      | 8.30%                 | No            |                  2 | On Loan: No      |
| Ammega Group BV                                         | Ammega Group BV, First Lien Term Loan                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | NL        |    500000 | PA      | $536221.68    | 0.38%             | 2028-12-30      | Variable      | 6.98%                 | No            |                  2 | On Loan: No      |
| BAMLL Re-REMIC Trust                                    | BAMLL Re-REMIC Trust, Series 2025-FRR5, Class EK73                    | CUSIP: 05494BAW7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    243129 | PA      | $176768.79    | 0.12%             | 2051-02-27      | Variable      | 0.01%                 | Yes           |                  2 | On Loan: No      |
| Life Mortgage Trust                                     | Life Mortgage Trust, Series 2022-BMR2, Class D                        | CUSIP: 53218DAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    165000 | PA      | $151206.44    | 0.11%             | 2039-05-15      | Floating      | 6.88%                 | Yes           |                  2 | On Loan: No      |
| GGAM Finance Ltd.                                       | GGAM Finance Ltd.                                                     | CUSIP: 36170JAA4<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    393000 | PA      | $415714.22    | 0.29%             | 2028-06-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| StoneX Group, Inc.                                      | StoneX Group, Inc.                                                    | CUSIP: 861896AA6<br>LEI: 549300JUF07L8VF02M60 | Long             | DBT              | CORP              | US        |    377000 | PA      | $396055.84    | 0.28%             | 2031-03-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| SCIH Salt Holdings, Inc.                                | SCIH Salt Holdings, Inc., First Lien Term Loan B1                     | CUSIP: 78397GAF8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    245385 | PA      | $245664.74    | 0.17%             | 2029-01-31      | Variable      | 7.28%                 | No            |                  2 | On Loan: No      |
| Marvell Technology, Inc.                                | Marvell Technology, Inc.                                              | CUSIP: 573874AS3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     37000 | PA      | $37320.84     | 0.03%             | 2035-07-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| TYSN Mortgage Trust                                     | TYSN Mortgage Trust, Series 2023-CRNR, Class A                        | CUSIP: 87332PAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    713000 | PA      | $749474.55    | 0.53%             | 2033-12-10      | Variable      | 6.58%                 | Yes           |                  2 | On Loan: No      |
| Hudsons Bay Simon JV Trust                              | Hudsons Bay Simon JV Trust, Series 2015-HB7, Class A7                 | CUSIP: 44422PAU6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     29755 | PA      | $29538.17     | 0.02%             | 2034-08-05      | Fixed         | 3.91%                 | Yes           |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                            | BX Commercial Mortgage Trust, Series 2024-GPA3, Class A               | CUSIP: 123910AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    193169 | PA      | $193633.38    | 0.14%             | 2039-12-15      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| Reach ABS Trust                                         | Reach ABS Trust, Series 2024-1A, Class C                              | CUSIP: 75526PAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    198000 | PA      | $204432.96    | 0.14%             | 2031-02-18      | Fixed         | 6.90%                 | Yes           |                  2 | On Loan: No      |
| Janus Henderson Emerging Markets Debt Hard Currency ETF | Janus Henderson Emerging Markets Debt Hard Currency ETF               | CUSIP: 47103U738<br>LEI: 529900QLTSH6GU0R4M68 | Long             |  | RF                | US        |    136912 | NS      | $7108156.14   | 5.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FHF Issuer Trust                                        | FHF Issuer Trust, Series 2025-1A, Class D                             | CUSIP: 30340RAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    193000 | PA      | $193027.51    | 0.14%             | 2032-06-15      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                             | Caesars Entertainment, Inc.                                           | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    331000 | PA      | $319476.37    | 0.23%             | 2032-10-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                     | Connecticut Avenue Securities Trust, Series 2025-R02, Class 1B1       | CUSIP: 20754TAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    830000 | PA      | $831546.43    | 0.59%             | 2045-02-25      | Floating      | 6.30%                 | Yes           |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes                      | Ally Bank Auto Credit-Linked Notes, Series 2024-B, Class F            | CUSIP: 02007G4G5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    357826 | PA      | $361062.52    | 0.25%             | 2032-09-15      | Fixed         | 8.04%                 | Yes           |                  2 | On Loan: No      |
| BXP Trust                                               | BXP Trust, Series 2017-GM, Class D                                    | CUSIP: 056083AL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    240000 | PA      | $225700.63    | 0.16%             | 2039-06-13      | Variable      | 3.42%                 | Yes           |                  2 | On Loan: No      |
| CoreWeave, Inc.                                         | CoreWeave, Inc.                                                       | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    408000 | PA      | $410060.78    | 0.29%             | 2030-06-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Fibercop SpA                                            | Fibercop SpA                                                          | CUSIP: N/A<br>LEI: 8156007022402E114A31       | Long             | DBT              | CORP              | IT        |    220000 | PA      | $280113.92    | 0.20%             | 2028-07-31      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Jersey Mike's Funding                                   | Jersey Mike's Funding, Series 2025-1A, Class A2                       | CUSIP: 476681AE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $352273.24    | 0.25%             | 2055-08-16      | Fixed         | 5.61%                 | Yes           |                  2 | On Loan: No      |
| LGI Homes, Inc.                                         | LGI Homes, Inc.                                                       | CUSIP: 50187TAF3<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    652000 | PA      | $594390.00    | 0.42%             | 2029-07-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| FHLMC STACR REMIC Trust                                 | FHLMC STACR REMIC Trust, Series 2024-HQA2, Class M2                   | CUSIP: 35564NEC3<br>LEI: 5299002OYNAPMJKK2A73 | Long             | ABS-MBS          | CORP              | US        |    325000 | PA      | $327335.94    | 0.23%             | 2044-08-25      | Floating      | 6.15%                 | Yes           |                  2 | On Loan: No      |
| House of HR Group BV                                    | House of HR Group BV                                                  | CUSIP: N/A<br>LEI: 724500AWBTX8I880X774       | Long             | DBT              | CORP              | NL        |    400000 | PA      | $455530.90    | 0.32%             | 2029-11-03      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| McGraw-Hill Education, Inc.                             | McGraw-Hill Education, Inc.                                           | CUSIP: 57767XAB6<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    102000 | PA      | $103681.16    | 0.07%             | 2029-08-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: —       |
| TeamSystem SpA                                          | TeamSystem SpA                                                        | CUSIP: N/A<br>LEI: 81560062081DF3AB7A90       | Long             | DBT              | CORP              | IT        |    320000 | PA      | $367289.40    | 0.26%             | 2031-07-31      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Sotheby's Artfi Master Trust                            | Sotheby's Artfi Master Trust, Series 2024-1A, Class D                 | CUSIP: 83589CAE8<br>LEI: 9845002FA850DM72BA31 | Long             | ABS-O            | CORP              | US        |    668000 | PA      | $679411.71    | 0.48%             | 2031-12-22      | Fixed         | 7.91%                 | Yes           |                  2 | On Loan: No      |
| Amur Equipment Finance Receivables XV LLC               | Amur Equipment Finance Receivables XV LLC, Series 2025-1A, Class D    | CUSIP: 03237FAE5<br>LEI: 254900UXD59DZRJ7U848 | Long             | ABS-O            | CORP              | US        |    275000 | PA      | $276719.46    | 0.20%             | 2032-08-20      | Fixed         | 5.68%                 | Yes           |                  2 | On Loan: No      |
| Pinewood Finco plc                                      | Pinewood Finco plc                                                    | CUSIP: N/A<br>LEI: 984500EF3F7CA63ND769       | Long             | DBT              | CORP              | GB        |    120000 | PA      | $159591.87    | 0.11%             | 2030-03-27      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Currenta Group Holdings SARL                            | Currenta Group Holdings Sarl                                          | CUSIP: N/A<br>LEI: 222100SF79KCJKYUPE47       | Long             | DBT              | CORP              | LU        |    230000 | PA      | $265285.62    | 0.19%             | 2032-05-15      | Floating      | 6.14%                 | Yes           |                  2 | On Loan: No      |
| Journey Personal Care Corp.                             | Journey Personal Care Corp., First Lien Term Loan                     | CUSIP: 48114NAF8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    114128 | PA      | $111845.28    | 0.08%             | 2028-03-01      | Variable      | 8.05%                 | No            |                  2 | On Loan: No      |
| Columbia Pipelines Holding Co. LLC                      | Columbia Pipelines Holding Co. LLC                                    | CUSIP: 19828AAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     49000 | PA      | $49208.87     | 0.03%             | 2031-10-01      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| Beacon Mobility Corp.                                   | Beacon Mobility Corp.                                                 | CUSIP: 073644AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    238000 | PA      | $242501.85    | 0.17%             | 2030-08-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Rocket Cos., Inc.                                       | Rocket Cos., Inc.                                                     | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    121000 | PA      | $122688.25    | 0.09%             | 2030-08-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Churchill Downs, Inc.                                   | Churchill Downs, Inc.                                                 | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |      1142 | NS      | $122239.68    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| COMM Mortgage Trust                                     | COMM Mortgage Trust, Series 2019-GC44, Class 180C                     | CUSIP: 12655TBA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $445712.70    | 0.31%             | 2057-08-15      | Variable      | 3.40%                 | Yes           |                  2 | On Loan: No      |
| DT Midstream, Inc.                                      | DT Midstream, Inc.                                                    | CUSIP: 23345MAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    101000 | PA      | $102735.89    | 0.07%             | 2034-12-15      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| Ares LXV CLO Ltd.                                       | Ares LXV CLO Ltd., Series 2022-65A, Class D                           | CUSIP: 04019FAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $251427.43    | 0.18%             | 2034-07-25      | Floating      | 7.97%                 | Yes           |                  2 | On Loan: No      |
| Leia Finco US LLC                                       | Leia Finco US LLC, First Lien Term Loan                               | CUSIP: 52526CAB5<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |    139650 | PA      | $139765.91    | 0.10%             | 2031-10-09      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Rand Parent LLC                                         | Rand Parent LLC                                                       | CUSIP: 753272AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    380000 | PA      | $382099.88    | 0.27%             | 2030-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Great Wolf Trust                                        | Great Wolf Trust, Series 2024-WOLF, Class D                           | CUSIP: 39152MAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    325000 | PA      | $325839.32    | 0.23%             | 2039-03-15      | Floating      | 7.23%                 | Yes           |                  2 | On Loan: No      |
| RCKT Mortgage Trust                                     | RCKT Mortgage Trust, Series 2024-CES9, Class A1B                      | CUSIP: 749426AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    324767 | PA      | $324556.71    | 0.23%             | 2044-12-25      | Variable      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| Rocket Cos., Inc.                                       | Rocket Cos., Inc.                                                     | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $158097.40    | 0.11%             | 2033-08-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Galaxy Senior Participation Interest Trust 1            | Galaxy Senior Participation Interest Trust 1                          | CUSIP: 362922AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    414293 | PA      | $416507.84    | 0.29%             | 2026-07-31      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| Aretec Group, Inc.                                      | Aretec Group, Inc.                                                    | CUSIP: 04020JAA4<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |    253000 | PA      | $275876.01    | 0.19%             | 2030-08-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Osaic Holdings, Inc.                                    | Osaic Holdings, Inc.                                                  | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70844.29     | 0.05%             | 2032-08-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| OneMain Finance Corp.                                   | OneMain Finance Corp.                                                 | CUSIP: 682691AJ9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    470000 | PA      | $476904.77    | 0.34%             | 2032-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LifePoint Health, Inc.                                  | LifePoint Health, Inc., First Lien Term Loan                          | CUSIP: 75915TAL6<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |     80594 | PA      | $80103.67     | 0.06%             | 2031-05-19      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| N/A                                                     | 100 oz Gold                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        -3 | NC      | $-360.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                     | Forward Foreign Currency Contract                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $1427.15      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Trust, Series 2025-VLT7, Class E                                   | CUSIP: 123913AJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    417000 | PA      | $417313.56    | 0.29%             | 2044-07-15      | Floating      | 8.05%                 | Yes           |                  2 | On Loan: No      |
| RCKT Mortgage Trust                                     | RCKT Mortgage Trust, Series 2025-CES5, Class A1A                      | CUSIP: 74942CAA7<br>LEI: 2549008EA2IHW9G2TZ48 | Long             | ABS-O            | CORP              | US        |    254354 | PA      | $255880.45    | 0.18%             | 2055-05-25      | Variable      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| Tricolor Auto Securitization Trust                      | Tricolor Auto Securitization Trust, Series 2025-1A, Class C           | CUSIP: 89617CAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    802000 | PA      | $802533.58    | 0.57%             | 2029-10-15      | Fixed         | 5.72%                 | Yes           |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                     | Connecticut Avenue Securities Trust, Series 2025-R01, Class 1M2       | CUSIP: 20755JAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    112000 | PA      | $112076.78    | 0.08%             | 2045-01-25      | Floating      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| VICI Properties LP                                      | VICI Properties LP                                                    | CUSIP: 925650AK9<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |     83000 | PA      | $83530.26     | 0.06%             | 2035-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Viper Energy Partners LLC                               | Viper Energy Partners LLC                                             | CUSIP: 92764MAB0<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |     87000 | PA      | $86469.30     | 0.06%             | 2035-08-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                             | Capital One Financial Corp.                                           | CUSIP: 254709AT5<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     42000 | PA      | $48931.21     | 0.03%             | 2034-11-02      | Variable      | 7.96%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                   | Wells Fargo Commercial Mortgage Trust, Series 2025-VTT, Class D       | CUSIP: 94990GAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    302000 | PA      | $301698.53    | 0.21%             | 2038-03-15      | Variable      | 6.18%                 | Yes           |                  2 | On Loan: No      |
| FHLMC STACR REMIC Trust                                 | FHLMC STACR REMIC Trust, Series 2022-DNA2, Class M2                   | CUSIP: 35564KRN1<br>LEI: 5493000ISA3AUOXQEF68 | Long             | ABS-MBS          | CORP              | US        |    985000 | PA      | $1022792.04   | 0.72%             | 2042-02-25      | Floating      | 8.10%                 | Yes           |                  2 | On Loan: No      |
| Heartland Dental LLC                                    | Heartland Dental LLC                                                  | CUSIP: 42239PAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    259000 | PA      | $273019.93    | 0.19%             | 2028-04-30      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Pinnacle Bidco plc                                      | Pinnacle Bidco plc                                                    | CUSIP: N/A<br>LEI: 2138006Z5V8OBL2A2Q06       | Long             | DBT              | CORP              | GB        |    320000 | PA      | $384639.58    | 0.27%             | 2028-10-11      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Barentz International BV                                | Barentz International BV, First Lien Term Loan B3                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | NL        |    249375 | PA      | $247893.71    | 0.17%             | 2031-03-03      | Variable      | 7.65%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                                | Foundation Finance Trust, Series 2023-2A, Class D                     | CUSIP: 35042RAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    226019 | PA      | $239993.96    | 0.17%             | 2049-06-15      | Fixed         | 9.10%                 | Yes           |                  2 | On Loan: No      |
| FHLMC STACR REMIC Trust                                 | FHLMC STACR REMIC Trust, Series 2021-HQA4, Class B2                   | CUSIP: 35564KPP8<br>LEI: 5493000ISE4NWBTOSK36 | Long             | ABS-MBS          | CORP              | US        |   1236000 | PA      | $1308057.79   | 0.92%             | 2041-12-25      | Floating      | 11.35%                | Yes           |                  2 | On Loan: No      |
| Duke Energy Corp.                                       | Duke Energy Corp.                                                     | CUSIP: 26441CCG8<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    127000 | PA      | $130761.65    | 0.09%             | 2054-09-01      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| Burford Capital Global Finance LLC                      | Burford Capital Global Finance LLC                                    | CUSIP: 12116LAG4<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201300.00    | 0.14%             | 2033-07-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Vontive Mortgage Trust                                  | Vontive Mortgage Trust, Series 2025-RTL1, Class A1                    | CUSIP: 928884AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    496000 | PA      | $497158.21    | 0.35%             | 2030-03-25      | Variable      | 6.51%                 | Yes           |                  2 | On Loan: No      |
| Trivium Packaging Finance BV                            | Trivium Packaging Finance BV                                          | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $209999.20    | 0.15%             | 2031-01-15      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                   | Wells Fargo Commercial Mortgage Trust, Series 2025-VTT, Class E       | CUSIP: 94990GAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    189000 | PA      | $188631.47    | 0.13%             | 2038-03-15      | Variable      | 6.91%                 | Yes           |                  2 | On Loan: No      |
| BXHPP Trust                                             | BXHPP Trust, Series 2021-FILM, Class A                                | CUSIP: 05609JAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    220000 | PA      | $212076.21    | 0.15%             | 2036-08-15      | Floating      | 5.11%                 | Yes           |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                     | Connecticut Avenue Securities Trust, Series 2024-R06, Class 1M2       | CUSIP: 20755RAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     61632 | PA      | $61886.06     | 0.04%             | 2044-09-25      | Floating      | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Veritiv Operating Co.                                   | Veritiv Operating Co.                                                 | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |    420000 | PA      | $455228.34    | 0.32%             | 2030-11-30      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Fedrigoni SpA                                           | Fedrigoni SpA                                                         | CUSIP: N/A<br>LEI: 8156004CE82074779D19       | Long             | DBT              | CORP              | IT        |    320000 | PA      | $363297.49    | 0.26%             | 2030-01-15      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| Cengage Learning, Inc.                                  | Cengage Learning, Inc., First Lien Term Loan                          | CUSIP: 15131YAQ8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    149407 | PA      | $149254.72    | 0.11%             | 2031-03-24      | Variable      | 7.84%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust                   | Westlake Automobile Receivables Trust, Series 2021-3A, Class E        | CUSIP: 96043JAN5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $995258.76    | 0.70%             | 2027-04-15      | Fixed         | 3.42%                 | Yes           |                  2 | On Loan: No      |
| Project Alpha Intermediate Holding, Inc.                | Project Alpha Intermediate Holding, Inc., First Lien Term Loan B      | CUSIP: 74339DAM0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     32000 | PA      | $31940.16     | 0.02%             | 2033-05-09      | Variable      | 9.30%                 | No            |                  2 | On Loan: No      |
| SUMMER BC BIDCO B LLC                                   | Summer BC Bidco B LLC, First Lien Term Loan B1                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |    121000 | PA      | $121000.00    | 0.09%             | 2029-02-15      | Variable      | 9.56%                 | No            |                  2 | On Loan: No      |
| Boots Group Bidco Ltd.                                  | Boots Group BidcoLtd, First Lien Term Loan                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |    268000 | PA      | $267498.84    | 0.19%             | 2032-07-16      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| Calpine Corp.                                           | Calpine Corp.                                                         | CUSIP: 131347CQ7<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    273000 | PA      | $269838.55    | 0.19%             | 2031-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Dermatology Intermediate Holdings III, Inc.             | Dermatology Intermediate Holdings III, Inc., First Lien Term Loan     | CUSIP: 24982LAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    277852 | PA      | $244045.44    | 0.17%             | 2029-03-26      | Variable      | 8.56%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                | BX Trust, Series 2021-ARIA, Class E                                   | CUSIP: 05608RAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    325000 | PA      | $324536.35    | 0.23%             | 2036-10-15      | Floating      | 6.70%                 | Yes           |                  2 | On Loan: No      |
| Froneri International Ltd.                              | Froneri International Ltd., First Lien Term Loan                      | CUSIP: G3679YAL6<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |    500000 | PA      | $570666.91    | 0.40%             | 2032-07-19      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Ineos US Petrochem LLC                                  | INEOS US Petrochem LLC, First Lien Term Loan B1                       | CUSIP: G4770MAL8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    292260 | PA      | $271436.57    | 0.19%             | 2029-04-02      | Variable      | 8.71%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                            | BX Commercial Mortgage Trust, Series 2024-GPA3, Class C               | CUSIP: 123910AE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    468857 | PA      | $470071.87    | 0.33%             | 2039-12-15      | Floating      | 6.23%                 | Yes           |                  2 | On Loan: No      |
| FTAI Infra Escrow Holdings LLC                          | FTAI Infra Escrow Holdings LLC                                        | CUSIP: 30327TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    393000 | PA      | $403858.98    | 0.28%             | 2027-06-01      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Organon & Co.                                           | Organon & Co.                                                         | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    646000 | PA      | $558864.67    | 0.39%             | 2031-04-30      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Starz Capital Holdings 1, Inc.                          | Starz Capital Holdings 1, Inc.                                        | CUSIP: 535939AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    317000 | PA      | $295602.50    | 0.21%             | 2029-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust                           | NYC Commercial Mortgage Trust, Series 2025-1155, Class A              | CUSIP: 67122BAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1342000 | PA      | $1297349.76   | 0.91%             | 2042-06-10      | Fixed         | 5.83%                 | Yes           |                  2 | On Loan: No      |
| Loire Finco Luxembourg SARL                             | Loire Finco Luxembourg SARL, First Lien Term Loan B                   | CUSIP: L7000HAH7<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |    500000 | PA      | $574896.02    | 0.41%             | 2030-01-21      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                          | Carvana Auto Receivables Trust, Series 2021-N3, Class E               | CUSIP: 14687GAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    404357 | PA      | $395326.79    | 0.28%             | 2028-06-12      | Fixed         | 3.16%                 | Yes           |                  2 | On Loan: No      |
| Humana, Inc.                                            | Humana, Inc.                                                          | CUSIP: 444859BV3<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |     98000 | PA      | $101338.21    | 0.07%             | 2033-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Penn Entertainment, Inc.                                | Penn Entertainment, Inc.                                              | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    508000 | PA      | $470840.02    | 0.33%             | 2029-07-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| SIG plc                                                 | SIG plc                                                               | CUSIP: N/A<br>LEI: 213800VDC1BKJEZ8PV53       | Long             | DBT              | CORP              | GB        |    220000 | PA      | $249747.88    | 0.18%             | 2029-10-31      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| FHLMC STACR REMIC Trust                                 | FHLMC STACR REMIC Trust, Series 2021-HQA3, Class M2                   | CUSIP: 35564KJP5<br>LEI: 5493000ISHRHX47NOH65 | Long             | ABS-MBS          | CORP              | US        |    440000 | PA      | $443850.00    | 0.31%             | 2041-09-25      | Floating      | 6.45%                 | Yes           |                  2 | On Loan: No      |
| FNMA or FHLMC                                           | UMBS, Single Family, 30 Year                                          | CUSIP: 01F040685<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1559000 | PA      | $1437755.01   | 1.01%             | 2055-08-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KKR CLO 36 Ltd.                                         | KKR CLO 36 Ltd., Series 36A, Class A                                  | CUSIP: 48255AAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001950.00   | 0.71%             | 2034-10-15      | Floating      | 5.76%                 | Yes           |                  2 | On Loan: No      |
| Boots Group Finco LP                                    | Boots Group Finco LP, Series 144*                                     | CUSIP: N/A<br>LEI: 254900YVLYOVF1PF1N93       | Long             | DBT              | CORP              | US        |    150000 | PA      | $202224.42    | 0.14%             | 2032-08-31      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| FNMA or FHLMC                                           | UMBS, Single Family, 30 Year                                          | CUSIP: 01F022683<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    105000 | PA      | $86029.02     | 0.06%             | 2055-08-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Flutter Entertainment Public Limited Co.                | Flutter Entertainment PLC, First Lien Term Loan B                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | IE        |     93000 | PA      | $92767.50     | 0.07%             | 2032-06-04      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| LifePoint Health, Inc.                                  | LifePoint Health, Inc.                                                | CUSIP: 53219LAX7<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    271000 | PA      | $281334.31    | 0.20%             | 2032-06-01      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| HLF Financing Sarl LLC                                  | HLF Financing Sarl LLC                                                | CUSIP: 40390DAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    103000 | PA      | $85836.96     | 0.06%             | 2029-06-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Rithm Capital Corp.                                     | Rithm Capital Corp.                                                   | CUSIP: 64828TAB8<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              | CORP              | US        |    280000 | PA      | $286023.64    | 0.20%             | 2029-04-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Hess Midstream Operations LP                            | Hess Midstream Operations LP                                          | CUSIP: 428102AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    439000 | PA      | $424771.18    | 0.30%             | 2030-02-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| STWD Trust                                              | STWD Trust, Series 2021-FLWR, Class F                                 | CUSIP: 78485GAQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    262400 | PA      | $262003.76    | 0.18%             | 2036-07-15      | Floating      | 7.13%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-02

**Name of Applicant:** Janus Detroit Street Trust

**Signature:** Jesper Nergaard

**Name of Signer:** Jesper Nergaard

**Title:** VP, CFO, Treasurer, and Principal Accounting Officer