# EDGAR Filing Document

**Accession Number:** 0001506768
**File Stem:** 0000894189-25-013956
**Filing Date:** 2025-11
**Character Count:** 114426
**Document Hash:** 3d4b8f9942a418f9378860090df5246c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-013956.hdr.sgml**: 20251118

**ACCESSION NUMBER**: 0000894189-25-013956

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251118

**DATE AS OF CHANGE**: 20251118

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LOCORR INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0001506768

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22509
- **FILM NUMBER:** 251493576

**BUSINESS ADDRESS:**
- **STREET 1:** 687 EXCELSIOR BLVD
- **CITY:** EXCELSIOR
- **STATE:** MN
- **ZIP:** 55331
- **BUSINESS PHONE:** 952-767-6900

**MAIL ADDRESS:**
- **STREET 1:** 687 EXCELSIOR BLVD
- **CITY:** EXCELSIOR
- **STATE:** MN
- **ZIP:** 55331

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LoCorr Investment Trust
- **DATE OF NAME CHANGE:** 20101201

## Series and Classes Contracts Data

### LoCorr Long/Short Commodities Strategy Fund (Series ID: S000035412)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000108780 | Class A      | LCSAX           |
| C000108781 | Class C      | LCSCX           |
| C000108782 | Class I      | LCSIX           |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **LoCorr Long/Short Commodities Strategy Fund** | **LoCorr Long/Short Commodities Strategy Fund** | **LoCorr Long/Short Commodities Strategy Fund** | **LoCorr Long/Short Commodities Strategy Fund** |
| **Consolidated Schedule of Investments** | **Consolidated Schedule of Investments** | **Consolidated Schedule of Investments** | **Consolidated Schedule of Investments** |
| **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** |
| **U.S. TREASURY SECURITIES - 26.2%** | **U.S. TREASURY SECURITIES - 26.2%** | **Par** | **Value**  |
| United States Treasury Note/Bond | United States Treasury Note/Bond | United States Treasury Note/Bond | United States Treasury Note/Bond |
| &nbsp;&nbsp; 4.50%, 07/15/2026 | &nbsp;&nbsp; 4.50%, 07/15/2026 | 1905000 | $1915611 |
| &nbsp;&nbsp; 1.38%, 10/31/2028 | &nbsp;&nbsp; 1.38%, 10/31/2028 | 2890000 | 2701134 |
| &nbsp;&nbsp; 3.75%, 12/31/2028 | &nbsp;&nbsp; 3.75%, 12/31/2028 | 5520000 | 5538759 |
| &nbsp;&nbsp; 4.25%, 02/28/2029 | &nbsp;&nbsp; 4.25%, 02/28/2029 | 26430000 | 26937951 |
| &nbsp;&nbsp; 4.63%, 04/30/2029 | &nbsp;&nbsp; 4.63%, 04/30/2029 | 36585000 | 37759722 |
| &nbsp;&nbsp; 3.25%, 06/30/2029 | &nbsp;&nbsp; 3.25%, 06/30/2029 | 7810000 | 7694986 |
| &nbsp;&nbsp; 4.00%, 02/28/2030 | &nbsp;&nbsp; 4.00%, 02/28/2030 | 18530000 | 18750044 |
| &nbsp;&nbsp; 3.88%, 06/30/2030 | &nbsp;&nbsp; 3.88%, 06/30/2030 | 7430000 | 7477308 |
| &nbsp;&nbsp; 3.63%, 09/30/2030 | &nbsp;&nbsp; 3.63%, 09/30/2030 | 4750000 | 4727178 |
| **TOTAL U.S. TREASURY SECURITIES** (Cost $111,943,365) | **TOTAL U.S. TREASURY SECURITIES** (Cost $111,943,365) | **TOTAL U.S. TREASURY SECURITIES** (Cost $111,943,365) | 113502693 |
| **CORPORATE BONDS - 19.9%** | **CORPORATE BONDS - 19.9%** | **Par** | **Value**  |
| **Aerospace & Defense - 0.9%** | **Aerospace & Defense - 0.9%** | **Aerospace & Defense - 0.9%** | **Aerospace & Defense - 0.9%** |
|  Boeing Co., 3.25%, 02/01/2028 | Boeing Co., 3.25%, 02/01/2028 | 1600000 | 1562998 |
|  L3Harris Technologies, Inc., 5.40%, 01/15/2027 | L3Harris Technologies, Inc., 5.40%, 01/15/2027 | 1450000 | 1473938 |
|  RTX Corp., 4.13%, 11/16/2028 | RTX Corp., 4.13%, 11/16/2028 | 660000 | 660875 |
|  |  |  | 3697811 |
| **Agriculture - 0.2%** | **Agriculture - 0.2%** | **Agriculture - 0.2%** | **Agriculture - 0.2%** |
|  Philip Morris International, Inc., 4.63%, 11/01/2029 | Philip Morris International, Inc., 4.63%, 11/01/2029 | 840000 | 852603 |
| **Auto Manufacturers - 0.5%** | **Auto Manufacturers - 0.5%** | **Auto Manufacturers - 0.5%** | **Auto Manufacturers - 0.5%** |
|  General Motors Financial Co., Inc., 5.35%, 01/07/2030 | General Motors Financial Co., Inc., 5.35%, 01/07/2030 | 1315000 | 1347359 |
|  Volkswagen Group of America Finance LLC, 1.25%, 11/24/2025 <sup>(a)</sup> | Volkswagen Group of America Finance LLC, 1.25%, 11/24/2025 <sup>(a)</sup> | 850000 | 845969 |
|  |  |  | 2193328 |
| **Banks - 6.4%** | **Banks - 6.4%** | **Banks - 6.4%** | **Banks - 6.4%** |
| Bank of America Corp. | Bank of America Corp. | Bank of America Corp. | Bank of America Corp. |
| &nbsp;&nbsp; 4.38% to 04/27/2027 then SOFR + 1.58%, 04/27/2028 | &nbsp;&nbsp; 4.38% to 04/27/2027 then SOFR + 1.58%, 04/27/2028 | 2570000 | 2579759 |
| &nbsp;&nbsp; 5.16% to 01/24/2030 then SOFR + 1.00%, 01/24/2031 | &nbsp;&nbsp; 5.16% to 01/24/2030 then SOFR + 1.00%, 01/24/2031 | 3560000 | 3674955 |
|  Bank of New York Mellon, 4.59% to 04/20/2026 then SOFR + 0.69%, 04/20/2027 | Bank of New York Mellon, 4.59% to 04/20/2026 then SOFR + 0.69%, 04/20/2027 | 2965000 | 2974266 |
|  Citibank NA, 4.58%, 05/29/2027 | Citibank NA, 4.58%, 05/29/2027 | 1555000 | 1569047 |
|  Citigroup, Inc., 4.50% to 09/11/2030 then SOFR + 1.17%, 09/11/2031 | Citigroup, Inc., 4.50% to 09/11/2030 then SOFR + 1.17%, 09/11/2031 | 955000 | 955605 |
|  Credit Agricole SA, 5.22% to 05/27/2030 then SOFR + 1.46%, 05/27/2031 <sup>(a)</sup> | Credit Agricole SA, 5.22% to 05/27/2030 then SOFR + 1.46%, 05/27/2031 <sup>(a)</sup> | 325000 | 333560 |
|  Credit Suisse AG, 5.00%, 07/09/2027 | Credit Suisse AG, 5.00%, 07/09/2027 | 700000 | 711922 |
|  Deutsche Bank AG/New York NY, 5.00% to 09/11/2029 then SOFR + 1.70%, 09/11/2030 | Deutsche Bank AG/New York NY, 5.00% to 09/11/2029 then SOFR + 1.70%, 09/11/2030 | 385000 | 390609 |
|  Federation des Caisses Desjardins du Quebec, 5.70%, 03/14/2028 <sup>(a)</sup> | Federation des Caisses Desjardins du Quebec, 5.70%, 03/14/2028 <sup>(a)</sup> | 970000 | 1005591 |
| Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. |
| &nbsp;&nbsp; 6.48% to 10/24/2028 then SOFR + 1.77%, 10/24/2029 | &nbsp;&nbsp; 6.48% to 10/24/2028 then SOFR + 1.77%, 10/24/2029 | 535000 | 569470 |
| &nbsp;&nbsp; 5.22% to 04/23/2030 then SOFR + 1.58%, 04/23/2031 | &nbsp;&nbsp; 5.22% to 04/23/2030 then SOFR + 1.58%, 04/23/2031 | 660000 | 682458 |
|  HSBC Holdings PLC, 6.16% to 03/09/2028 then SOFR + 1.97%, 03/09/2029 | HSBC Holdings PLC, 6.16% to 03/09/2028 then SOFR + 1.97%, 03/09/2029 | 870000 | 907430 |
|  JPMorgan Chase & Co., 5.10% to 04/22/2030 then SOFR + 1.44%, 04/22/2031 | JPMorgan Chase & Co., 5.10% to 04/22/2030 then SOFR + 1.44%, 04/22/2031 | 3275000 | 3385025 |
|  Morgan Stanley, 5.19% to 04/17/2030 then SOFR + 1.51%, 04/17/2031 | Morgan Stanley, 5.19% to 04/17/2030 then SOFR + 1.51%, 04/17/2031 | 1550000 | 1600323 |
|  Morgan Stanley Private Bank NA, 4.73% to 07/18/2030 then SOFR + 1.08%, 07/18/2031 | Morgan Stanley Private Bank NA, 4.73% to 07/18/2030 then SOFR + 1.08%, 07/18/2031 | 1680000 | 1705302 |
|  NatWest Markets PLC, 5.41%, 05/17/2029 <sup>(a)</sup> | NatWest Markets PLC, 5.41%, 05/17/2029 <sup>(a)</sup> | 885000 | 918036 |
|  State Street Corp., 4.54%, 02/28/2028 | State Street Corp., 4.54%, 02/28/2028 | 795000 | 805264 |
|  UBS Group AG, 6.33% to 12/22/2026 then 1 yr. CMT Rate + 1.60%, 12/22/2027 <sup>(a)</sup> | UBS Group AG, 6.33% to 12/22/2026 then 1 yr. CMT Rate + 1.60%, 12/22/2027 <sup>(a)</sup> | 860000 | 881671 |
|  Wells Fargo & Co., 5.15% to 04/23/2030 then SOFR + 1.50%, 04/23/2031 | Wells Fargo & Co., 5.15% to 04/23/2030 then SOFR + 1.50%, 04/23/2031 | 2185000 | 2254015 |
|  |  |  | 27904308 |
| **Beverages - 0.2%** | **Beverages - 0.2%** | **Beverages - 0.2%** | **Beverages - 0.2%** |
|  PepsiCo, Inc., 4.10%, 01/15/2029 | PepsiCo, Inc., 4.10%, 01/15/2029 | 920000 | 923354 |
| **Biotechnology - 0.3%** | **Biotechnology - 0.3%** | **Biotechnology - 0.3%** | **Biotechnology - 0.3%** |
|  Amgen, Inc., 5.15%, 03/02/2028 | Amgen, Inc., 5.15%, 03/02/2028 | 1115000 | 1141251 |
| **Building Materials - 0.1%** | **Building Materials - 0.1%** | **Building Materials - 0.1%** | **Building Materials - 0.1%** |
|  Trane Technologies Financing Ltd., 3.50%, 03/21/2026 | Trane Technologies Financing Ltd., 3.50%, 03/21/2026 | 420000 | 418449 |
| **Computers - 0.2%** | **Computers - 0.2%** | **Computers - 0.2%** | **Computers - 0.2%** |
|  Hewlett Packard Enterprise Co., 4.55%, 10/15/2029 | Hewlett Packard Enterprise Co., 4.55%, 10/15/2029 | 985000 | 990542 |
| **Cosmetics & Personal Care - 0.4%** | **Cosmetics & Personal Care - 0.4%** | **Cosmetics & Personal Care - 0.4%** | **Cosmetics & Personal Care - 0.4%** |
|  Haleon US Capital LLC, 3.38%, 03/24/2027 | Haleon US Capital LLC, 3.38%, 03/24/2027 | 1750000 | 1732042 |
| **Diversified Financial Services - 0.4%** | **Diversified Financial Services - 0.4%** | **Diversified Financial Services - 0.4%** | **Diversified Financial Services - 0.4%** |
|  AerCap Ireland Capital/Global Aviation Trust, 6.10%, 01/15/2027 | AerCap Ireland Capital/Global Aviation Trust, 6.10%, 01/15/2027 | 1870000 | 1910237 |
| **Electric - 1.3%** | **Electric - 1.3%** | **Electric - 1.3%** | **Electric - 1.3%** |
|  Duke Energy Carolinas LLC, 4.85%, 03/15/2030 | Duke Energy Carolinas LLC, 4.85%, 03/15/2030 | 905000 | 929966 |
| Florida Power & Light Co. | Florida Power & Light Co. | Florida Power & Light Co. | Florida Power & Light Co. |
| &nbsp;&nbsp; 5.05%, 04/01/2028 | &nbsp;&nbsp; 5.05%, 04/01/2028 | 1085000 | 1113468 |
| &nbsp;&nbsp; 4.40%, 05/15/2028 | &nbsp;&nbsp; 4.40%, 05/15/2028 | 1380000 | 1395832 |
|  NSTAR Electric Co., 3.20%, 05/15/2027 | NSTAR Electric Co., 3.20%, 05/15/2027 | 895000 | 883287 |
|  Southern California Edison Co., 1.20%, 02/01/2026 | Southern California Edison Co., 1.20%, 02/01/2026 | 255000 | 252055 |
|  Virginia Power Fuel Securitization LLC, 5.09%, 05/01/2027 | Virginia Power Fuel Securitization LLC, 5.09%, 05/01/2027 | 1190187 | 1196509 |
|  |  |  | 5771117 |
| **Electronics - 0.4%** | **Electronics - 0.4%** | **Electronics - 0.4%** | **Electronics - 0.4%** |
| Honeywell International, Inc. | Honeywell International, Inc. | Honeywell International, Inc. | Honeywell International, Inc. |
| &nbsp;&nbsp; 4.65%, 07/30/2027 | &nbsp;&nbsp; 4.65%, 07/30/2027 | 1125000 | 1138504 |
| &nbsp;&nbsp; 4.88%, 09/01/2029 | &nbsp;&nbsp; 4.88%, 09/01/2029 | 425000 | 437176 |
|  |  |  | 1575680 |
| **Food - 2.4%** | **Food - 2.4%** | **Food - 2.4%** | **Food - 2.4%** |
|  General Mills, Inc., 4.88%, 01/30/2030 | General Mills, Inc., 4.88%, 01/30/2030 | 1045000 | 1067050 |
|  Kraft Heinz Foods Co., 3.88%, 05/15/2027 | Kraft Heinz Foods Co., 3.88%, 05/15/2027 | 885000 | 881011 |
| Mars, Inc. | Mars, Inc. | Mars, Inc. | Mars, Inc. |
| &nbsp;&nbsp; 4.60%, 03/01/2028 <sup>(a)</sup> | &nbsp;&nbsp; 4.60%, 03/01/2028 <sup>(a)</sup> | 3945000 | 3993738 |
| &nbsp;&nbsp; 4.80%, 03/01/2030 <sup>(a)</sup> | &nbsp;&nbsp; 4.80%, 03/01/2030 <sup>(a)</sup> | 3845000 | 3918573 |
|  Sysco Corp., 3.25%, 07/15/2027 | Sysco Corp., 3.25%, 07/15/2027 | 730000 | 719944 |
|  |  |  | 10580316 |
| **Healthcare-Services - 0.6%** | **Healthcare-Services - 0.6%** | **Healthcare-Services - 0.6%** | **Healthcare-Services - 0.6%** |
|  HCA, Inc., 5.00%, 03/01/2028 | HCA, Inc., 5.00%, 03/01/2028 | 595000 | 606038 |
| UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. |
| &nbsp;&nbsp; 4.40%, 06/15/2028 | &nbsp;&nbsp; 4.40%, 06/15/2028 | 515000 | 520094 |
| &nbsp;&nbsp; 4.25%, 01/15/2029 | &nbsp;&nbsp; 4.25%, 01/15/2029 | 1475000 | 1479513 |
|  |  |  | 2605645 |
| **Insurance - 0.4%** | **Insurance - 0.4%** | **Insurance - 0.4%** | **Insurance - 0.4%** |
|  Brown & Brown, Inc., 4.60%, 12/23/2026 | Brown & Brown, Inc., 4.60%, 12/23/2026 | 675000 | 678605 |
|  Metropolitan Life Global Funding I, 5.05%, 01/06/2028 <sup>(a)</sup> | Metropolitan Life Global Funding I, 5.05%, 01/06/2028 <sup>(a)</sup> | 330000 | 336981 |
|  Principal Life Global Funding II, 0.88%, 01/12/2026 <sup>(a)</sup> | Principal Life Global Funding II, 0.88%, 01/12/2026 <sup>(a)</sup> | 660000 | 653298 |
|  |  |  | 1668884 |
| **Packaging & Containers - 0.1%** | **Packaging & Containers - 0.1%** | **Packaging & Containers - 0.1%** | **Packaging & Containers - 0.1%** |
|  Amcor Group Finance PLC, 5.45%, 05/23/2029 | Amcor Group Finance PLC, 5.45%, 05/23/2029 | 415000 | 428861 |
| **Pharmaceuticals - 1.0%** | **Pharmaceuticals - 1.0%** | **Pharmaceuticals - 1.0%** | **Pharmaceuticals - 1.0%** |
|  AbbVie, Inc., 4.80%, 03/15/2029 | AbbVie, Inc., 4.80%, 03/15/2029 | 435000 | 444981 |
| CVS Health Corp. | CVS Health Corp. | CVS Health Corp. | CVS Health Corp. |
| &nbsp;&nbsp; 2.88%, 06/01/2026 | &nbsp;&nbsp; 2.88%, 06/01/2026 | 1795000 | 1778381 |
| &nbsp;&nbsp; 5.00%, 01/30/2029 | &nbsp;&nbsp; 5.00%, 01/30/2029 | 1040000 | 1060417 |
|  EMD Finance LLC, 4.13%, 08/15/2028 <sup>(a)</sup> | EMD Finance LLC, 4.13%, 08/15/2028 <sup>(a)</sup> | 835000 | 835385 |
|  |  |  | 4119164 |
| **Pipelines - 0.7%** | **Pipelines - 0.7%** | **Pipelines - 0.7%** | **Pipelines - 0.7%** |
|  Enbridge, Inc., 6.00%, 11/15/2028 | Enbridge, Inc., 6.00%, 11/15/2028 | 805000 | 846929 |
|  Energy Transfer LP, 6.05%, 12/01/2026 | Energy Transfer LP, 6.05%, 12/01/2026 | 1725000 | 1757292 |
|  South Bow USA Infrastructure Holdings LLC, 4.91%, 09/01/2027 | South Bow USA Infrastructure Holdings LLC, 4.91%, 09/01/2027 | 465000 | 469056 |
|  |  |  | 3073277 |
| **REITS - 1.2%** | **REITS - 1.2%** | **REITS - 1.2%** | **REITS - 1.2%** |
|  American Homes 4 Rent LP, 4.90%, 02/15/2029 | American Homes 4 Rent LP, 4.90%, 02/15/2029 | 430000 | 437478 |
|  Brixmor Operating Partnership LP, 4.13%, 06/15/2026 | Brixmor Operating Partnership LP, 4.13%, 06/15/2026 | 510000 | 509187 |
|  Essex Portfolio LP, 1.70%, 03/01/2028 | Essex Portfolio LP, 1.70%, 03/01/2028 | 420000 | 396332 |
| GLP Capital LP / GLP Financing II, Inc. | GLP Capital LP / GLP Financing II, Inc. | GLP Capital LP / GLP Financing II, Inc. | GLP Capital LP / GLP Financing II, Inc. |
| &nbsp;&nbsp; 5.75%, 06/01/2028 | &nbsp;&nbsp; 5.75%, 06/01/2028 | 320000 | 328879 |
| &nbsp;&nbsp; 4.00%, 01/15/2030 | &nbsp;&nbsp; 4.00%, 01/15/2030 | 520000 | 503547 |
|  Kite Realty Group LP, 4.00%, 10/01/2026 | Kite Realty Group LP, 4.00%, 10/01/2026 | 1310000 | 1306607 |
|  Lineage OP LP, 5.25%, 07/15/2030 <sup>(a)</sup> | Lineage OP LP, 5.25%, 07/15/2030 <sup>(a)</sup> | 880000 | 892274 |
|  Prologis Targeted US Logistics Fund LP, 5.25%, 04/01/2029 <sup>(a)</sup> | Prologis Targeted US Logistics Fund LP, 5.25%, 04/01/2029 <sup>(a)</sup> | 985000 | 1016783 |
|  |  |  | 5391087 |
| **Retail - 0.6%** | **Retail - 0.6%** | **Retail - 0.6%** | **Retail - 0.6%** |
|  Home Depot, Inc., 4.88%, 06/25/2027 | Home Depot, Inc., 4.88%, 06/25/2027 | 705000 | 716755 |
| O'Reilly Automotive, Inc. | O'Reilly Automotive, Inc. | O'Reilly Automotive, Inc. | O'Reilly Automotive, Inc. |
| &nbsp;&nbsp; 5.75%, 11/20/2026 | &nbsp;&nbsp; 5.75%, 11/20/2026 | 1030000 | 1047852 |
| &nbsp;&nbsp; 4.20%, 04/01/2030 | &nbsp;&nbsp; 4.20%, 04/01/2030 | 430000 | 428569 |
|  Walmart, Inc., 4.35%, 04/28/2030 | Walmart, Inc., 4.35%, 04/28/2030 | 270000 | 274483 |
|  |  |  | 2467659 |
| **Semiconductors - 0.2%** | **Semiconductors - 0.2%** | **Semiconductors - 0.2%** | **Semiconductors - 0.2%** |
|  Broadcom, Inc., 4.60%, 07/15/2030 | Broadcom, Inc., 4.60%, 07/15/2030 | 655000 | 665038 |
| **Software - 0.4%** | **Software - 0.4%** | **Software - 0.4%** | **Software - 0.4%** |
| Oracle Corp. | Oracle Corp. | Oracle Corp. | Oracle Corp. |
| &nbsp;&nbsp; 4.80%, 08/03/2028 | &nbsp;&nbsp; 4.80%, 08/03/2028 | 685000 | 696650 |
| &nbsp;&nbsp; 4.45%, 09/26/2030 | &nbsp;&nbsp; 4.45%, 09/26/2030 | 320000 | 319780 |
|  Roper Technologies, Inc., 4.25%, 09/15/2028 | Roper Technologies, Inc., 4.25%, 09/15/2028 | 725000 | 728492 |
|  |  |  | 1744922 |
| **Telecommunications - 1.0%** | **Telecommunications - 1.0%** | **Telecommunications - 1.0%** | **Telecommunications - 1.0%** |
|  AT&T, Inc., 2.30%, 06/01/2027 | AT&T, Inc., 2.30%, 06/01/2027 | 1095000 | 1062948 |
| T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. |
| &nbsp;&nbsp; 4.80%, 07/15/2028 | &nbsp;&nbsp; 4.80%, 07/15/2028 | 740000 | 753370 |
| &nbsp;&nbsp; 4.85%, 01/15/2029 | &nbsp;&nbsp; 4.85%, 01/15/2029 | 1415000 | 1443739 |
|  Verizon Communications, Inc., 2.10%, 03/22/2028 | Verizon Communications, Inc., 2.10%, 03/22/2028 | 1185000 | 1130434 |
|  |  |  | 4390491 |
| **TOTAL CORPORATE BONDS** (Cost $84,718,836) | **TOTAL CORPORATE BONDS** (Cost $84,718,836) | **TOTAL CORPORATE BONDS** (Cost $84,718,836) | 86246066 |
| **COMMODITY POOLS - 13.9%** | **COMMODITY POOLS - 13.9%** | **Shares** | **Value**  |
| Galaxy Commodity - Polaris Fund LLC<sup>(b)(c)</sup> | Galaxy Commodity - Polaris Fund LLC<sup>(b)(c)</sup> |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Galaxy Plus Fund – Core Commodity I Feeder Fund (558) LLC | &nbsp;&nbsp;&nbsp;&nbsp; Galaxy Plus Fund – Core Commodity I Feeder Fund (558) LLC |  | 22339217 |
| &nbsp;&nbsp;&nbsp;&nbsp; Galaxy Plus Fund – East Alpha Feeder Fund (548) LLC | &nbsp;&nbsp;&nbsp;&nbsp; Galaxy Plus Fund – East Alpha Feeder Fund (548) LLC |  | 24150504 |
| &nbsp;&nbsp;&nbsp;&nbsp; Galaxy Plus Fund – Millburn Resource Oppty Feeder Fund (557) | &nbsp;&nbsp;&nbsp;&nbsp; Galaxy Plus Fund – Millburn Resource Oppty Feeder Fund (557) |  | 13886540 |
| **TOTAL COMMODITY POOLS** (Cost $79,966,390) | **TOTAL COMMODITY POOLS** (Cost $79,966,390) | **TOTAL COMMODITY POOLS** (Cost $79,966,390) | 60376261 |
| **MORTGAGE-BACKED SECURITIES - 11.8%** | **MORTGAGE-BACKED SECURITIES - 11.8%** | **Par** | **Value**  |
|  Angel Oak Mortgage Trust LLC, Series 2020-5, Class A3, 2.04%, 05/25/2065 <sup>(a)(d)</sup> | Angel Oak Mortgage Trust LLC, Series 2020-5, Class A3, 2.04%, 05/25/2065 <sup>(a)(d)</sup> | 22100 | 21340 |
|  ARES Commercial Mortgage Trust, Series 2024-IND, Class A, 5.84% (1 mo. Term SOFR + 1.69%), 07/15/2041, (1.69% Floor) <sup>(a)</sup> | ARES Commercial Mortgage Trust, Series 2024-IND, Class A, 5.84% (1 mo. Term SOFR + 1.69%), 07/15/2041, (1.69% Floor) <sup>(a)</sup> | 500000 | 501251 |
|  BBCMS Trust, Series 2023-C19, Class A2B, 5.75%, 04/15/2056 | BBCMS Trust, Series 2023-C19, Class A2B, 5.75%, 04/15/2056 | 2750000 | 2803690 |
|  BLP Commercial Mortgage Trust, Series 2024-IND2, Class B, 5.84% (1 mo. Term SOFR + 1.69%), 03/15/2041, (1.69% Floor) <sup>(a)</sup> | BLP Commercial Mortgage Trust, Series 2024-IND2, Class B, 5.84% (1 mo. Term SOFR + 1.69%), 03/15/2041, (1.69% Floor) <sup>(a)</sup> | 1257196 | 1257982 |
| BX Trust | BX Trust | BX Trust | BX Trust |
| &nbsp;&nbsp; Series 2021-XL2, Class B, 5.26% (1 mo. Term SOFR + 1.11%), 10/15/2038, (1.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2021-XL2, Class B, 5.26% (1 mo. Term SOFR + 1.11%), 10/15/2038, (1.00% Floor) <sup>(a)</sup> | 1249500 | 1248329 |
| &nbsp;&nbsp; Series 2023-DELC, Class A, 6.84% (1 mo. Term SOFR + 2.69%), 05/15/2038, (2.69% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2023-DELC, Class A, 6.84% (1 mo. Term SOFR + 2.69%), 05/15/2038, (2.69% Floor) <sup>(a)</sup> | 700000 | 704366 |
|  Citigroup Commercial Mortgage Trust, Series 2021-PRM2, Class A, 5.22% (1 mo. Term SOFR + 1.06%), 10/15/2038, (0.95% Floor) <sup>(a)</sup> | Citigroup Commercial Mortgage Trust, Series 2021-PRM2, Class A, 5.22% (1 mo. Term SOFR + 1.06%), 10/15/2038, (0.95% Floor) <sup>(a)</sup> | 1050000 | 1047375 |
|  Commercial Mortgage Pass Through Certificates, Series 2015-CR27, Class AM, 3.98%, 10/10/2048 | Commercial Mortgage Pass Through Certificates, Series 2015-CR27, Class AM, 3.98%, 10/10/2048 | 367620 | 366817 |
|  Credit Suisse Mortgage Capital Certificates, Series 2017-CALI, Class A, 3.43%, 11/10/2032 <sup>(a)</sup> | Credit Suisse Mortgage Capital Certificates, Series 2017-CALI, Class A, 3.43%, 11/10/2032 <sup>(a)</sup> | 1750000 | 1382500 |
|  DK Trust, Series 2025-LXP, Class A, 5.74% (1 mo. Term SOFR + 1.59%), 08/15/2037, (1.59% Floor) <sup>(a)</sup> | DK Trust, Series 2025-LXP, Class A, 5.74% (1 mo. Term SOFR + 1.59%), 08/15/2037, (1.59% Floor) <sup>(a)</sup> | 1850000 | 1850000 |
|  ELP Commercial Mortgage Trust, Series 2021-ELP, Class B, 5.39% (1 mo. Term SOFR + 1.23%), 11/15/2038, (1.12% Floor) <sup>(a)</sup> | ELP Commercial Mortgage Trust, Series 2021-ELP, Class B, 5.39% (1 mo. Term SOFR + 1.23%), 11/15/2038, (1.12% Floor) <sup>(a)</sup> | 2628102 | 2625638 |
| Fannie Mae Connecticut Avenue Securities | Fannie Mae Connecticut Avenue Securities | Fannie Mae Connecticut Avenue Securities | Fannie Mae Connecticut Avenue Securities |
| &nbsp;&nbsp; Series 2022-R04, Class 1M2, 7.46% (30 day avg SOFR US + 3.10%), 03/25/2042, (0.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2022-R04, Class 1M2, 7.46% (30 day avg SOFR US + 3.10%), 03/25/2042, (0.00% Floor) <sup>(a)</sup> | 1640000 | 1684838 |
| &nbsp;&nbsp; Series 2022-R05, Class 2M2, 7.36% (30 day avg SOFR US + 3.00%), 04/25/2042, (0.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2022-R05, Class 2M2, 7.36% (30 day avg SOFR US + 3.00%), 04/25/2042, (0.00% Floor) <sup>(a)</sup> | 130000 | 133477 |
| &nbsp;&nbsp; Series 2022-R06, Class 1M2, 8.21% (30 day avg SOFR US + 3.85%), 05/25/2042, (0.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2022-R06, Class 1M2, 8.21% (30 day avg SOFR US + 3.85%), 05/25/2042, (0.00% Floor) <sup>(a)</sup> | 915000 | 951833 |
| &nbsp;&nbsp; Series 2022-R07, Class 1M2, 9.01% (30 day avg SOFR US + 4.65%), 06/25/2042, (0.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2022-R07, Class 1M2, 9.01% (30 day avg SOFR US + 4.65%), 06/25/2042, (0.00% Floor) <sup>(a)</sup> | 1870000 | 1977967 |
| &nbsp;&nbsp; Series 2022-R08, Class 1M2, 7.96% (30 day avg SOFR US + 3.60%), 07/25/2042, (0.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2022-R08, Class 1M2, 7.96% (30 day avg SOFR US + 3.60%), 07/25/2042, (0.00% Floor) <sup>(a)</sup> | 2140000 | 2225600 |
| &nbsp;&nbsp; Series 2023-R01, Class 1M2, 8.11% (30 day avg SOFR US + 3.75%), 12/25/2042, (0.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2023-R01, Class 1M2, 8.11% (30 day avg SOFR US + 3.75%), 12/25/2042, (0.00% Floor) <sup>(a)</sup> | 2830000 | 2971500 |
| &nbsp;&nbsp; Series 2023-R02, Class 1M2, 7.71% (30 day avg SOFR US + 3.35%), 01/25/2043, (0.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2023-R02, Class 1M2, 7.71% (30 day avg SOFR US + 3.35%), 01/25/2043, (0.00% Floor) <sup>(a)</sup> | 2000000 | 2087500 |
| &nbsp;&nbsp; Series 2023-R04, Class 1M2, 7.91% (30 day avg SOFR US + 3.55%), 05/25/2043, (0.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2023-R04, Class 1M2, 7.91% (30 day avg SOFR US + 3.55%), 05/25/2043, (0.00% Floor) <sup>(a)</sup> | 2000000 | 2108760 |
| &nbsp;&nbsp; Series 2023-R05, Class 1M2, 7.46% (30 day avg SOFR US + 3.10%), 06/25/2043, (0.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2023-R05, Class 1M2, 7.46% (30 day avg SOFR US + 3.10%), 06/25/2043, (0.00% Floor) <sup>(a)</sup> | 225000 | 233719 |
| &nbsp;&nbsp; Series 2023-R08, Class 1M2, 6.86% (30 day avg SOFR US + 2.50%), 10/25/2043, (0.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2023-R08, Class 1M2, 6.86% (30 day avg SOFR US + 2.50%), 10/25/2043, (0.00% Floor) <sup>(a)</sup> | 880000 | 902950 |
| Freddie Mac Structured Agency Credit Risk Debt Notes | Freddie Mac Structured Agency Credit Risk Debt Notes | Freddie Mac Structured Agency Credit Risk Debt Notes | Freddie Mac Structured Agency Credit Risk Debt Notes |
| &nbsp;&nbsp; Series 2022-DNA5, Class M1B, 8.86% (30 day avg SOFR US + 4.50%), 06/25/2042, (0.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2022-DNA5, Class M1B, 8.86% (30 day avg SOFR US + 4.50%), 06/25/2042, (0.00% Floor) <sup>(a)</sup> | 1485000 | 1570751 |
| &nbsp;&nbsp; Series 2022-DNA6, Class M1B, 8.06% (30 day avg SOFR US + 3.70%), 09/25/2042, (0.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2022-DNA6, Class M1B, 8.06% (30 day avg SOFR US + 3.70%), 09/25/2042, (0.00% Floor) <sup>(a)</sup> | 1830000 | 1923220 |
| &nbsp;&nbsp; Series 2023-DNA1, Class M1B, 7.45% (30 day avg SOFR US + 3.10%), 03/25/2043, (0.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2023-DNA1, Class M1B, 7.45% (30 day avg SOFR US + 3.10%), 03/25/2043, (0.00% Floor) <sup>(a)</sup> | 760000 | 789774 |
| &nbsp;&nbsp; Series 2023-DNA2, Class M1B, 7.60% (30 day avg SOFR US + 3.25%), 04/25/2043, (0.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2023-DNA2, Class M1B, 7.60% (30 day avg SOFR US + 3.25%), 04/25/2043, (0.00% Floor) <sup>(a)</sup> | 2195000 | 2297420 |
| &nbsp;&nbsp; Series 2023-HQA1, Class M1B, 7.86% (30 day avg SOFR US + 3.50%), 05/25/2043, (0.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2023-HQA1, Class M1B, 7.86% (30 day avg SOFR US + 3.50%), 05/25/2043, (0.00% Floor) <sup>(a)</sup> | 1010000 | 1064933 |
|  FRESB Multifamily Structured Pass Through Certificates, Series 2016-SB23, Class A10F, 2.31%, 09/25/2026 <sup>(d)</sup> | FRESB Multifamily Structured Pass Through Certificates, Series 2016-SB23, Class A10F, 2.31%, 09/25/2026 <sup>(d)</sup> | 390538 | 385149 |
|  GS Mortgage-Backed Securities Trust, Series 2021-NQM1, Class A3, 1.53%, 07/25/2061 <sup>(a)(d)</sup> | GS Mortgage-Backed Securities Trust, Series 2021-NQM1, Class A3, 1.53%, 07/25/2061 <sup>(a)(d)</sup> | 635312 | 579155 |
|  JPMBB Commercial Mortgage Securities Trust, Series 2014-C22, Class AS, 4.11%, 09/15/2047 | JPMBB Commercial Mortgage Securities Trust, Series 2014-C22, Class AS, 4.11%, 09/15/2047 | 681605 | 671381 |
|  Natixis Commercial Mortgage Securities Trust, Series 2019-LVL, Class A, 3.89%, 08/15/2038 <sup>(a)</sup> | Natixis Commercial Mortgage Securities Trust, Series 2019-LVL, Class A, 3.89%, 08/15/2038 <sup>(a)</sup> | 1800000 | 1752487 |
|  New Residential Mortgage Loan Trust, Series 2016-1A, Class A1, 3.75%, 03/25/2056 <sup>(a)(d)</sup> | New Residential Mortgage Loan Trust, Series 2016-1A, Class A1, 3.75%, 03/25/2056 <sup>(a)(d)</sup> | 72951 | 70634 |
| NRTH PARK Mortgage Trust | NRTH PARK Mortgage Trust | NRTH PARK Mortgage Trust | NRTH PARK Mortgage Trust |
| &nbsp;&nbsp; Series 2024-PARK, Class A, 5.79% (1 mo. Term SOFR + 1.64%), 03/15/2039, (1.64% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2024-PARK, Class A, 5.79% (1 mo. Term SOFR + 1.64%), 03/15/2039, (1.64% Floor) <sup>(a)</sup> | 550000 | 548794 |
| &nbsp;&nbsp; Series 2025-PARK, Class A, 5.54% (1 mo. Term SOFR + 1.39%), 10/15/2040, (1.39% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2025-PARK, Class A, 5.54% (1 mo. Term SOFR + 1.39%), 10/15/2040, (1.39% Floor) <sup>(a)</sup> | 430000 | 428925 |
|  NYC Commercial Mortgage Trust, Series 2024-3ELV, Class A, 6.14% (1 mo. Term SOFR + 1.99%), 08/15/2029, (1.99% Floor) <sup>(a)</sup> | NYC Commercial Mortgage Trust, Series 2024-3ELV, Class A, 6.14% (1 mo. Term SOFR + 1.99%), 08/15/2029, (1.99% Floor) <sup>(a)</sup> | 1000000 | 1002502 |
|  PKHL Commercial Mortgage Trust, Series 2021-MF, Class A, 5.15% (1 mo. Term SOFR + 0.99%), 07/15/2038, (0.88% Floor) <sup>(a)</sup> | PKHL Commercial Mortgage Trust, Series 2021-MF, Class A, 5.15% (1 mo. Term SOFR + 0.99%), 07/15/2038, (0.88% Floor) <sup>(a)</sup> | 3250000 | 3053261 |
|  SCG Mortgage Trust, Series 2025-SNIP, Class A, 5.75% (1 mo. Term SOFR + 1.50%), 09/15/2030, (1.50% Floor) <sup>(a)</sup> | SCG Mortgage Trust, Series 2025-SNIP, Class A, 5.75% (1 mo. Term SOFR + 1.50%), 09/15/2030, (1.50% Floor) <sup>(a)</sup> | 1500000 | 1500940 |
|  SMR Mortgage Trust, Series 2022-IND, Class A, 5.80% (1 mo. Term SOFR + 1.65%), 02/15/2039, (1.65% Floor) <sup>(a)</sup> | SMR Mortgage Trust, Series 2022-IND, Class A, 5.80% (1 mo. Term SOFR + 1.65%), 02/15/2039, (1.65% Floor) <sup>(a)</sup> | 3433789 | 3432384 |
|  TX Trust, Series 2024-HOU, Class A, 5.74% (1 mo. Term SOFR + 1.59%), 06/15/2039, (1.59% Floor) <sup>(a)</sup> | TX Trust, Series 2024-HOU, Class A, 5.74% (1 mo. Term SOFR + 1.59%), 06/15/2039, (1.59% Floor) <sup>(a)</sup> | 600000 | 598981 |
|  UBS Commercial Mortgage Trust, Series 2017-C6, Class ASB, 3.50%, 12/15/2050 | UBS Commercial Mortgage Trust, Series 2017-C6, Class ASB, 3.50%, 12/15/2050 | 355845 | 352953 |
| **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $51,727,875) | **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $51,727,875) | **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $51,727,875) | 51111076 |
| **ASSET-BACKED SECURITIES - 9.2%** | **ASSET-BACKED SECURITIES - 9.2%** | **Par** | **Value**  |
|  American Express Travel Related Services Co., Inc., Series 2024-1, Class A, 5.23%, 04/15/2029 | American Express Travel Related Services Co., Inc., Series 2024-1, Class A, 5.23%, 04/15/2029 | 2810000 | 2868310 |
|  Argent Securities, Inc. Asset-Backed Pass-Through Certificates, Series 2003-W6, Class M1, 5.32% (1 mo. Term SOFR + 1.16%), 01/25/2034, (1.05% Floor) | Argent Securities, Inc. Asset-Backed Pass-Through Certificates, Series 2003-W6, Class M1, 5.32% (1 mo. Term SOFR + 1.16%), 01/25/2034, (1.05% Floor) | 239831 | 254861 |
|  Asset Backed Securities Corp. Home Equity Loan Trust, Series 2002-HE1, Class M1, 5.91% (1 mo. Term SOFR + 1.76%), 03/15/2032, (1.65% Floor) | Asset Backed Securities Corp. Home Equity Loan Trust, Series 2002-HE1, Class M1, 5.91% (1 mo. Term SOFR + 1.76%), 03/15/2032, (1.65% Floor) | 48336 | 52179 |
|  Bank of America Auto Trust, Series 2024-1A, Class A3, 5.35%, 11/15/2028 <sup>(a)</sup> | Bank of America Auto Trust, Series 2024-1A, Class A3, 5.35%, 11/15/2028 <sup>(a)</sup> | 3475000 | 3509260 |
|  Barclays Dryrock Funding LLC, Series 2023-1, Class A, 4.72%, 02/15/2029 | Barclays Dryrock Funding LLC, Series 2023-1, Class A, 4.72%, 02/15/2029 | 4900000 | 4916749 |
|  CarMax Auto Owner Trust, Series 2024-4, Class A3, 4.60%, 10/15/2029 | CarMax Auto Owner Trust, Series 2024-4, Class A3, 4.60%, 10/15/2029 | 2875000 | 2905362 |
|  DB Master Finance Parent LLC, Series 2021-1A, Class A2I, 2.05%, 11/20/2051 <sup>(a)</sup> | DB Master Finance Parent LLC, Series 2021-1A, Class A2I, 2.05%, 11/20/2051 <sup>(a)</sup> | 1973125 | 1920775 |
|  Elara Depositor LLC, Series 2021-A, Class A, 1.36%, 08/27/2035 <sup>(a)</sup> | Elara Depositor LLC, Series 2021-A, Class A, 1.36%, 08/27/2035 <sup>(a)</sup> | 729176 | 694892 |
|  Financial Holding Corp., Series 2024-D, Class A, 5.34%, 04/15/2029 <sup>(a)</sup> | Financial Holding Corp., Series 2024-D, Class A, 5.34%, 04/15/2029 <sup>(a)</sup> | 1890000 | 1929252 |
|  Ford Credit Auto Owner Trust, Series 2024-D, Class A3, 4.61%, 08/15/2029 | Ford Credit Auto Owner Trust, Series 2024-D, Class A3, 4.61%, 08/15/2029 | 800000 | 809456 |
|  GM Financial Consumer Automobile Receivables Trust, Series 2023-4, Class A3, 5.78%, 08/16/2028 | GM Financial Consumer Automobile Receivables Trust, Series 2023-4, Class A3, 5.78%, 08/16/2028 | 1363785 | 1378516 |
| Hilton Grand Vacations, Inc. | Hilton Grand Vacations, Inc. | Hilton Grand Vacations, Inc. | Hilton Grand Vacations, Inc. |
| &nbsp;&nbsp; Series 2019-AA, Class A, 2.34%, 07/25/2033 <sup>(a)</sup> | &nbsp;&nbsp; Series 2019-AA, Class A, 2.34%, 07/25/2033 <sup>(a)</sup> | 379901 | 376907 |
| &nbsp;&nbsp; Series 2024-2A, Class A, 5.50%, 03/25/2038 <sup>(a)</sup> | &nbsp;&nbsp; Series 2024-2A, Class A, 5.50%, 03/25/2038 <sup>(a)</sup> | 994840 | 1007202 |
|  Honda Auto Receivables Owner Trust, Series 2024-1, Class A3, 5.21%, 08/15/2028 | Honda Auto Receivables Owner Trust, Series 2024-1, Class A3, 5.21%, 08/15/2028 | 2068029 | 2087352 |
| Marriott Vacations Worldwide Corp. | Marriott Vacations Worldwide Corp. | Marriott Vacations Worldwide Corp. | Marriott Vacations Worldwide Corp. |
| &nbsp;&nbsp; Series 2019-2A, Class A, 2.22%, 10/20/2038 <sup>(a)</sup> | &nbsp;&nbsp; Series 2019-2A, Class A, 2.22%, 10/20/2038 <sup>(a)</sup> | 113030 | 112233 |
| &nbsp;&nbsp; Series 2021-1WA, Class A, 1.14%, 01/22/2041 <sup>(a)</sup> | &nbsp;&nbsp; Series 2021-1WA, Class A, 1.14%, 01/22/2041 <sup>(a)</sup> | 266552 | 256907 |
|  Navient Student Loan Trust, Series 2021-A, Class A, 0.84%, 05/15/2069 <sup>(a)</sup> | Navient Student Loan Trust, Series 2021-A, Class A, 0.84%, 05/15/2069 <sup>(a)</sup> | 392497 | 359137 |
|  Planet Fitness SPV Guarantor LLC, Series 2022-1A, Class A2I, 3.25%, 12/05/2051 <sup>(a)</sup> | Planet Fitness SPV Guarantor LLC, Series 2022-1A, Class A2I, 3.25%, 12/05/2051 <sup>(a)</sup> | 2316000 | 2275215 |
|  SoFi Professional Loan Program LLC, Series 2021-B, Class AFX, 1.14%, 02/15/2047 <sup>(a)</sup> | SoFi Professional Loan Program LLC, Series 2021-B, Class AFX, 1.14%, 02/15/2047 <sup>(a)</sup> | 1049002 | 920406 |
|  Taco Bell Corp., Series 2021-1A, Class A2I, 1.95%, 08/25/2051 <sup>(a)</sup> | Taco Bell Corp., Series 2021-1A, Class A2I, 1.95%, 08/25/2051 <sup>(a)</sup> | 2480813 | 2396091 |
|  T-Mobile US Trust, Series 2024-1A, Class A, 5.05%, 09/20/2029 <sup>(a)</sup> | T-Mobile US Trust, Series 2024-1A, Class A, 5.05%, 09/20/2029 <sup>(a)</sup> | 1330000 | 1342518 |
|  Toyota Auto Receivables Owner Trust, Series 2024-B, Class A3, 5.33%, 01/16/2029 | Toyota Auto Receivables Owner Trust, Series 2024-B, Class A3, 5.33%, 01/16/2029 | 5500000 | 5586129 |
|  Volkswagen Auto Lease Trust, Series 2024-A, Class A3, 5.21%, 06/21/2027 | Volkswagen Auto Lease Trust, Series 2024-A, Class A3, 5.21%, 06/21/2027 | 2000000 | 2017846 |
| **TOTAL ASSET-BACKED SECURITIES** (Cost $39,954,135) | **TOTAL ASSET-BACKED SECURITIES** (Cost $39,954,135) | **TOTAL ASSET-BACKED SECURITIES** (Cost $39,954,135) | 39977555 |
| **U.S. GOVERNMENT AGENCY ISSUES - 5.3%** | **U.S. GOVERNMENT AGENCY ISSUES - 5.3%** | **Par** | **Value**  |
| Federal Home Loan Banks | Federal Home Loan Banks | Federal Home Loan Banks | Federal Home Loan Banks |
| &nbsp;&nbsp; 0.60%, 02/12/2026 | &nbsp;&nbsp; 0.60%, 02/12/2026 | 3100000 | 3061754 |
| &nbsp;&nbsp; 1.10%, 02/25/2028 | &nbsp;&nbsp; 1.10%, 02/25/2028 | 6475000 | 6067423 |
|  Federal National Mortgage Association, 0.75%, 10/08/2027 | Federal National Mortgage Association, 0.75%, 10/08/2027 | 14670000 | 13853595 |
|  United States of America Executive Branch, Series 2012-20K, Class 1, 2.09%, 11/01/2032 | United States of America Executive Branch, Series 2012-20K, Class 1, 2.09%, 11/01/2032 | 3152 | 2961 |
| **TOTAL U.S. GOVERNMENT AGENCY ISSUES** (Cost $22,658,722) | **TOTAL U.S. GOVERNMENT AGENCY ISSUES** (Cost $22,658,722) | **TOTAL U.S. GOVERNMENT AGENCY ISSUES** (Cost $22,658,722) | 22985733 |
| **TOTAL INVESTMENTS - 86.3% (**Cost $390,969,323**)** | **TOTAL INVESTMENTS - 86.3% (**Cost $390,969,323**)** | **TOTAL INVESTMENTS - 86.3% (**Cost $390,969,323**)** | $374199384 |
| Money Market Deposit Account - 2.2% <sup>(e)(f)</sup> | Money Market Deposit Account - 2.2% <sup>(e)(f)</sup> | Money Market Deposit Account - 2.2% <sup>(e)(f)</sup> | 9569529 |
| Other Assets in Excess of Liabilities - 11.5%<sup>(g)</sup> | Other Assets in Excess of Liabilities - 11.5%<sup>(g)</sup> | Other Assets in Excess of Liabilities - 11.5%<sup>(g)</sup> | 49801344 |
| **TOTAL NET ASSETS - 100.0%** | 0.0% | 0.0% | $433570257 |
| two | two | two | –% |
| Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. |  |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

---

| |
|:---|
| CMT - Constant Maturity Treasury |
| LLC - Limited Liability Company |
| LP - Limited Partnership |
| PLC - Public Limited Company |
| REIT - Real Estate Investment Trust |
| SOFR - Secured Overnight Financing Rate |

---

(a) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of September 30, 2025, the value of these securities total $79,263,740 or 18.3% of the Fund's net assets.

(b) Non-income producing security.

(c) Investment valued using net asset value per share as practical expedient. Galaxy Commodity - Polaris Fund, LLC's ("Galaxy") investment objective is to generate diversified investment returns
 that are uncorrelated with the equity and debt markets by committing its assets to the investment discretion of a select group of experienced sub-managers that pursue various alternative investment strategies. Specifically, Galaxy accesses
 the sub-managers through an affiliated platform called Galaxy Plus Fund, LLC (the "Platform"). The Platform identifies sub-managers that, in its judgment, are capable of generating attractive investment returns whose correlation to the U.S.
 equity and fixed-income markets is minimal. In implementing their strategies, the sub-managers selected by the Platform will have the discretion to invest and trade in a broad variety of securities and other financial instruments (including
 derivatives). Galaxy has no unfunded commitments or redemption lock-up period, as the investment offers daily redemptions. However, the managers of Galaxy may temporarily suspend redemptions in certain limited circumstances.

(d) Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral
 increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of September 30, 2025.

(e) The U.S. Bank Money Market Deposit Account (the "MMDA") is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on
 market conditions and is subject to change daily. The rate as of September 30, 2025 was 3.95%.

(f) A portion of this deposit account is held by LCLSCS Fund Limited and pledged as collateral for derivative contracts. As of the reporting date, the value of this collateral totals $45,396.

(g) Includes assets pledged as collateral for derivative contracts. As of the reporting date, the value of these assets totals $443,751.

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **LoCorr Long/Short Commodities Strategy Fund** | **LoCorr Long/Short Commodities Strategy Fund** | **LoCorr Long/Short Commodities Strategy Fund** | **LoCorr Long/Short Commodities Strategy Fund** | **LoCorr Long/Short Commodities Strategy Fund** | **LoCorr Long/Short Commodities Strategy Fund** | **LoCorr Long/Short Commodities Strategy Fund** | **LoCorr Long/Short Commodities Strategy Fund** |  |
| **Consolidated Schedule of Swap Contracts** | **Consolidated Schedule of Swap Contracts** | **Consolidated Schedule of Swap Contracts** | **Consolidated Schedule of Swap Contracts** | **Consolidated Schedule of Swap Contracts** | **Consolidated Schedule of Swap Contracts** | **Consolidated Schedule of Swap Contracts** | **Consolidated Schedule of Swap Contracts** |  |
| **September 30, 2025** | (Unaudited) |  |  |  |  |  |  |  |
| **LONG TOTAL RETURN SWAP CONTRACTS** | **LONG TOTAL RETURN SWAP CONTRACTS** |  |  |  |  |  |  |  |
| Termination Date | Reference Index | Financing Rate | Payment Frequency | Notional Amount | Value | Advance Receipt on Swap Contracts (Received)/Paid | Unrealized<br> Appreciation | Counterparty |
| 12/17/2027 | LoCorr Commodities Index# | 0.50% | Quarterly | $105211224 | $43496471 | $(25123617) | $18372854 | Deutsche Bank AG |

---

# *Comprised of a proprietary basket of Commodity Trading Advisor's ''CTA'') Programs investing in various futures contracts, forward currency contracts, foreign currency and other similar investments.*

---

| | | | | |
|:---|:---|:---|:---|:---|
| **The underlying components of the basket as of September 30, 2025 are shown below:#** | **The underlying components of the basket as of September 30, 2025 are shown below:#** |  | | |
|  |  | Number of Contracts |  | Concentration % |
| Description | Expiration Date | Purchased (Sold) | Notional Amount | of Exposure |
| **Futures Contracts:** |  |  |  |  |
| **Purchase Contracts:<sup>(1)</sup>** |  |  |  |  |
| &nbsp;&nbsp; Brent Crude (ICE) | Oct-25 | 2445 | $161337817 | 14.64% |
| &nbsp;&nbsp; Natural Gas | Jan-26 | 1767 | 70350108 | 6.39% |
| &nbsp;&nbsp; WTI Crude (NYMEX) | Oct-25 | 780 | 48656729 | 4.42% |
| &nbsp;&nbsp; Natural Gas | Oct-25 | 1152 | 37933527 | 3.44% |
| &nbsp;&nbsp; Copper (COMEX) | Mar-26 | 201 | 24589191 | 2.23% |
| &nbsp;&nbsp; Heating Oil | Nov-25 | 193 | 18620217 | 1.69% |
| &nbsp;&nbsp; Wheat | Dec-25 | 559 | 14409399 | 1.31% |
| &nbsp;&nbsp; Soybean | Nov-25 | 240 | 12028999 | 1.09% |
| &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;Corn | Mar-26 | 546 | 11857486 | 1.08% |
| &nbsp;&nbsp; Gasoline RBOB | Nov-25 | 138 | 10802993 | 0.98% |
| &nbsp;&nbsp; Live Cattle | Oct-25 | 103 | 9500625 | 0.86% |
| &nbsp;&nbsp; Natural Gas | Feb-26 | 246 | 8930533 | 0.81% |
| &nbsp;&nbsp; Natural Gas | Apr-26 | 239 | 8421884 | 0.77% |
| &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;Gold | Dec-25 | 22 | 8328108 | 0.76% |
| &nbsp;&nbsp; Silver | Dec-25 | 35 | 8095385 | 0.74% |
| &nbsp;&nbsp; Sugar No.11 | Feb-26 | 318 | 5897059 | 0.54% |
| &nbsp;&nbsp; Natural Gas (NYMEX) | Feb-26 | 627 | 5688517 | 0.52% |
| &nbsp;&nbsp; Lean Hogs | Feb-26 | 142 | 5164378 | 0.47% |
| &nbsp;&nbsp; Low Sulphur Gasoil | Nov-25 | 74 | 5058250 | 0.46% |
| &nbsp;&nbsp; Coffee | Mar-26 | 32 | 4384461 | 0.40% |
| &nbsp;&nbsp; Lean Hogs | Oct-25 | 109 | 4356098 | 0.40% |
| &nbsp;&nbsp; Copper (LME) | Dec-25 | 17 | 4290215 | 0.39% |
| &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;Corn | May-26 | 190 | 4216894 | 0.38% |
| &nbsp;&nbsp; Natural Gas (NYMEX) | Sep-27 | 325 | 3123017 | 0.28% |
| &nbsp;&nbsp; Natural Gas (NYMEX) | Jul-27 | 325 | 3098228 | 0.28% |
| &nbsp;&nbsp; Natural Gas (NYMEX) | Jun-27 | 325 | 3059216 | 0.28% |
| &nbsp;&nbsp; Natural Gas (NYMEX) | Aug-27 | 315 | 2974689 | 0.27% |
| **Total Purchase Contracts** |  |  | 505174023 | 45.88% |
| **Sale Contracts:<sup>(1)</sup>** |  |  |  |  |
| &nbsp;&nbsp; Brent Crude (ICE) | Nov-25 | (2150) | $141001204 | 12.80% |
| &nbsp;&nbsp; Natural Gas | Dec-25 | (2344) | 97970911 | 8.90% |
| &nbsp;&nbsp; Natural Gas | Nov-25 | (1132) | 43916012 | 3.99% |
| &nbsp;&nbsp; WTI Crude (NYMEX) | Nov-25 | (632) | 39135701 | 3.55% |
| &nbsp;&nbsp; Soybean | Jan-26 | (596) | 30485780 | 2.77% |
| &nbsp;&nbsp; Copper (COMEX) | Dec-25 | (227) | 27478534 | 2.49% |
| &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;Corn | Dec-25 | (1036) | 21653125 | 1.97% |
| &nbsp;&nbsp; Heating Oil | Oct-25 | (177) | 17181782 | 1.56% |
| &nbsp;&nbsp; Wheat | Mar-26 | (551) | 14698048 | 1.33% |
| &nbsp;&nbsp; Gasoline RBOB | Oct-25 | (145) | 11681255 | 1.06% |
| &nbsp;&nbsp; Lean Hogs | Dec-25 | (326) | 11673474 | 1.06% |
| &nbsp;&nbsp; WTI Crude (NYMEX) | Dec-25 | (164) | 10121504 | 0.92% |
| &nbsp;&nbsp; Live Cattle | Dec-25 | (106) | 9922262 | 0.90% |
| &nbsp;&nbsp; Sugar No.11 | Apr-26 | (352) | 6325385 | 0.57% |
| &nbsp;&nbsp; Brent Crude (ICE) | Jan-26 | (89) | 5778035 | 0.52% |
| &nbsp;&nbsp; Soybean Oil | Dec-25 | (139) | 4141772 | 0.38% |
| &nbsp;&nbsp; Palladium | Dec-25 | (32) | 4133115 | 0.38% |
| &nbsp;&nbsp; Brent Crude (ICE) | Dec-25 | (60) | 3897278 | 0.35% |
| &nbsp;&nbsp; Low Sulphur Gasoil | Oct-25 | (56) | 3849565 | 0.35% |
| &nbsp;&nbsp; Crude Palm Oil | Dec-25 | (143) | 3705785 | 0.34% |
| &nbsp;&nbsp; WTI Crude (ICE) | Nov-25 | (51) | 3184270 | 0.29% |
| &nbsp;&nbsp; Soybean Meal | Dec-25 | (109) | 2999755 | 0.27% |
| **Total Sale Contracts** |  |  | 514934552 | 46.75% |
| Other Futures Contracts |  |  | 64694319 | 5.87% |
| Total Futures Contracts |  |  | 1084802894 | 98.50% |
| **Cash and Foreign Currency:** |  |  |  |  |
| **Cash and Foreign Currency Purchased:<sup>(1)</sup>** |  |  |  |  |
| &nbsp;&nbsp; U.S. Dollar |  |  | $14014301 | 1.27% |
| Other Cash and Foreign Currency |  |  | 1662342 | 0.15% |
| Total Cash and Foreign Currency |  |  | 15676643 | 1.42% |
| Forward Currency Contracts |  |  | 918744 | 0.08% |
| Total Underlying Positions |  |  | $**1101398281** | 100.00<br>**%** |

---

---

| | |
|:---|:---|
| # | The investment is not a direct holding of LoCorr Long/Short Commodities Strategy Fund. The top 50 holdings and other futures contracts, other forward currency contracts, and other cash and foreign currency were determined based on the absolute notional amount of the positions within the underlying swap basket. |
| <sup>(1)</sup> | Represents the 50 largest components of the basket. |
|  | The accompanying notes are an integral part of these consolidated financial statements. |

---

------

#### Summary of Fair Value Disclosure as of September 30, 2025 (Unaudited)
LoCorr Long/Short Commodities Strategy Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | $– | $113502693 | $– | $113502693 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | – | 86246066 | – | 86246066 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Commodity Pools<sup>(a)</sup> | – | – | – | 60376261 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-Backed Securities | – | 51111076 | – | 51111076 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 39977555 | – | 39977555 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Government Agency Issues | – | 22985733 | – | 22985733 |
| Total Investments | $– | $313823123 | $– | $374199384 |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Return Swaps\* | $– | $18372854 | $– | $18372854 |
| Total Other Financial Instruments | $– | $18372854 | $– | $18372854 |
| \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of September 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of September 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of September 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of September 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of September 30, 2025. |
| Refer to the Consolidated Schedule of Investments for further disaggregation of investment categories. | Refer to the Consolidated Schedule of Investments for further disaggregation of investment categories. | Refer to the Consolidated Schedule of Investments for further disaggregation of investment categories. | Refer to the Consolidated Schedule of Investments for further disaggregation of investment categories. | Refer to the Consolidated Schedule of Investments for further disaggregation of investment categories. |

---

(a) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair
 value amount of $60,376,261 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-22509

- **c. CIK number of Registrant:** 0001506768

- **d. LEI of Registrant:** 54930075F5KEPQITLS33

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

  - **Street Address 1:** 687 Excelsior Blvd

  - **City:** Excelsior

  - **State:** MN

  - **Foreign country:** US

  - **Zip / Postal Code:** 55331

  - **Telephone number:** 952-767-2920

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

- **a. Name of Series:** LoCorr Long/Short Commodities Strategy Fund

- **b. EDGAR series identifier (if any):** S000035412

- **c. LEI of Series:** 5493004RVCIUQZ231D58

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $440480909.94

**Total Liabilities:** $6892167.27

**Net Assets:** $433588742.67

**Amount of Assets Invested in Other Investment Companies:** $104369473.24

**Delayed Delivery Securities:** $428925.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 3122.780000000000 | **1-Year:** 34901.840000000000 | **5-Year:** 45399.400000000000 | **10-Year:** 2.070000000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 83.230000000000 | **1-Year:** 173.190000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000108780 | 0.00%                | 0.00%                | 0.34%                |
| Class ID C000108781 | -0.12%               | 0.00%                | 0.24%                |
| Class ID C000108782 | 0.00%                | 0.00%                | 0.34%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $198137.62               | $-1058628.79                               |
| Month 2  | $180655.36               | $1606327.44                                |
| Month 3  | $-3375088.06             | $4142052.35                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Barclays Commercial Mortgage S | BBCMS Mortgage Trust 2023-C19                                               | CUSIP: 05553RAZ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2750000 | PA      | $2803690.45   | 0.65%             | 2056-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                        | CUSIP: 06051GKP3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2570000 | PA      | $2579758.98   | 0.59%             | 2028-04-27      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                        | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3560000 | PA      | $3674954.57   | 0.85%             | 2031-01-24      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW YORK MELLON        | Bank of New York Mellon/The                                                 | CUSIP: 06405LAF8<br>LEI: HPFHU0OQ28E4N0NFVK49 | Long             | DBT              | CORP              | US        |   2965000 | PA      | $2974266.51   | 0.69%             | 2027-04-20      | Variable      | 4.59%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2023-R08                                | CUSIP: 20755CAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    880000 | PA      | $902949.61    | 0.21%             | 2043-10-25      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK         | Federal Home Loan Banks                                                     | CUSIP: 3130AKXQ4<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   3100000 | PA      | $3061754.62   | 0.71%             | 2026-02-12      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| FED CAISSES DESJARDINS         | Federation des Caisses Desjardins du Quebec                                 | CUSIP: 31429KAK9<br>LEI: 549300B2Q47IR0CR5B54 | Long             | DBT              | CORP              | CA        |    970000 | PA      | $1005591.53   | 0.23%             | 2028-03-14      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION              | Sysco Corp                                                                  | CUSIP: 871829BF3<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    730000 | PA      | $719943.52    | 0.17%             | 2027-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC               | T-Mobile USA Inc                                                            | CUSIP: 87264ADA0<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    740000 | PA      | $753369.79    | 0.17%             | 2028-07-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| T-Mobile US Trust              | T-Mobile US Trust 2024-1                                                    | CUSIP: 87267RAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1330000 | PA      | $1342518.36   | 0.31%             | 2029-09-20      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Taco Bell Funding, LLC         | Taco Bell Funding LLC                                                       | CUSIP: 87342RAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2480812 | PA      | $2396091.51   | 0.55%             | 2051-08-25      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                   | CUSIP: 00774MBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1870000 | PA      | $1910237.00   | 0.44%             | 2027-01-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| AMCOR GROUP FINANCE            | Amcor Group Finance PLC                                                     | CUSIP: 02344BAA4<br>LEI: 2549008XHB8M1L64J275 | Long             | DBT              | CORP              | GB        |    415000 | PA      | $428860.73    | 0.10%             | 2029-05-23      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| American Express Credit Accoun | American Express Credit Account Master Trust                                | CUSIP: 02582JKH2<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |   2810000 | PA      | $2868310.31   | 0.66%             | 2029-04-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| AT&T INC                       | AT&T Inc                                                                    | CUSIP: 00206RJX1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1095000 | PA      | $1062947.99   | 0.25%             | 2027-06-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT          | American Homes 4 Rent LP                                                    | CUSIP: 02666TAB3<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |    430000 | PA      | $437478.07    | 0.10%             | 2029-02-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                      | Amgen Inc                                                                   | CUSIP: 031162DP2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1115000 | PA      | $1141251.27   | 0.26%             | 2028-03-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust       | Angel Oak Mortgage Trust 2020-5                                             | CUSIP: 03464WAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     22100 | PA      | $21340.41     | 0.00%             | 2065-05-25      | Variable      | 2.04%                 | No            |                  2 | On Loan: No      |
| ARES Commercial Mortgage Trust | ARES Commercial Mortgage Trust 2024-IND                                     | CUSIP: 03990DAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $501250.65    | 0.12%             | 2041-07-15      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| Argent Securities Inc.         | Argent Securities Inc Asset-Backed Pass-Through Certificates Series 2003-W6 | CUSIP: 040104CU3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    239831 | PA      | $254861.10    | 0.06%             | 2034-01-25      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Asset Backed Securities Corp H | Asset Backed Securities Corp Home Equity Loan Trust Series 2002-HE1         | CUSIP: 04541GCG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     48336 | PA      | $52179.39     | 0.01%             | 2032-03-15      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX Commercial Mortgage Trust 2021-XL2                                       | CUSIP: 05609KAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1249500 | PA      | $1248328.59   | 0.29%             | 2038-10-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX Trust 2023-DELC                                                          | CUSIP: 05610DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $704365.62    | 0.16%             | 2038-05-15      | Floating      | 6.84%                 | No            |                  2 | On Loan: No      |
| BLP Commercial Mortgage Trust  | BLP Commercial Mortgage Trust 2024-IND2                                     | CUSIP: 05625AAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1257196 | PA      | $1257982.02   | 0.29%             | 2041-03-15      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| Barclays Dryrock Issuance Trus | Barclays Dryrock Issuance Trust                                             | CUSIP: 06742LAX1<br>LEI: 213800R4G3N2G68CHU37 | Long             | ABS-O            | CORP              | US        |   4900000 | PA      | $4916748.69   | 1.13%             | 2029-02-15      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| BOEING CO                      | Boeing Co/The                                                               | CUSIP: 097023DB8<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1562998.24   | 0.36%             | 2028-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BofA Auto Trust                | BofA Auto Trust 2024-1                                                      | CUSIP: 09709AAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3475000 | PA      | $3509259.68   | 0.81%             | 2028-11-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| BRIXMOR OPERATING PART         | Brixmor Operating Partnership LP                                            | CUSIP: 11120VAC7<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              | CORP              | US        |    510000 | PA      | $509187.00    | 0.12%             | 2026-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                   | Broadcom Inc                                                                | CUSIP: 11135FCK5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    655000 | PA      | $665038.31    | 0.15%             | 2030-07-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC              | Brown & Brown Inc                                                           | CUSIP: 115236AH4<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    675000 | PA      | $678605.07    | 0.16%             | 2026-12-23      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust            | COMM 2015-CCRE27 Mortgage Trust                                             | CUSIP: 12635QBJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    367620 | PA      | $366816.95    | 0.08%             | 2048-10-10      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC Trust 2017-CALI                                                        | CUSIP: 12652FAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1750000 | PA      | $1382500.00   | 0.32%             | 2032-11-10      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                | CVS Health Corp                                                             | CUSIP: 126650CU2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1795000 | PA      | $1778380.38   | 0.41%             | 2026-06-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                | CVS Health Corp                                                             | CUSIP: 126650DW7<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1040000 | PA      | $1060417.07   | 0.24%             | 2029-01-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust        | CarMax Auto Owner Trust 2024-4                                              | CUSIP: 14290DAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2875000 | PA      | $2905361.73   | 0.67%             | 2029-10-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage  | Citigroup Commercial Mortgage Trust 2021-PRM2                               | CUSIP: 17291HAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1050000 | PA      | $1047375.00   | 0.24%             | 2038-10-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                  | Citigroup Inc                                                               | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    955000 | PA      | $955605.35    | 0.22%             | 2031-09-11      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                    | Citibank NA                                                                 | CUSIP: 17325FBN7<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   1555000 | PA      | $1569046.77   | 0.36%             | 2027-05-29      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA             | Credit Agricole SA                                                          | CUSIP: 22535WAR8<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    325000 | PA      | $333559.92    | 0.08%             | 2031-05-27      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| DK Trust                       | DK Trust 2025-LXP                                                           | CUSIP: 23292LAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1850000 | PA      | $1850000.00   | 0.43%             | 2037-08-15      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| DB Master Finance LLC          | DB Master Finance LLC                                                       | CUSIP: 233046AN1<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |   1973125 | PA      | $1920774.84   | 0.44%             | 2051-11-20      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY               | Deutsche Bank AG/New York NY                                                | CUSIP: 251526CX5<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    385000 | PA      | $390609.50    | 0.09%             | 2030-09-11      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS          | Duke Energy Carolinas LLC                                                   | CUSIP: 26442CBP8<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    905000 | PA      | $929966.20    | 0.21%             | 2030-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ELARA HGV TIMESHARE ISSUER     | Elara HGV Timeshare Issuer 2021-A LLC                                       | CUSIP: 28416LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    729176 | PA      | $694892.01    | 0.16%             | 2035-08-27      | Fixed         | 1.36%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.            | PFS Financing Corp                                                          | CUSIP: 69335PFJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1890000 | PA      | $1929252.09   | 0.44%             | 2029-04-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| PKHL Commercial Mortgage Trust | PKHL Commercial Mortgage Trust 2021-MF                                      | CUSIP: 69356GAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3250000 | PA      | $3053260.93   | 0.70%             | 2038-07-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC         | Philip Morris International Inc                                             | CUSIP: 718172DN6<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    840000 | PA      | $852602.57    | 0.20%             | 2029-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Planet Fitness Master Issuer L | Planet Fitness Master Issuer LLC                                            | CUSIP: 72703PAD5<br>LEI: 549300NX9W3U2DO53T22 | Long             | ABS-O            | CORP              | US        |   2316000 | PA      | $2275214.78   | 0.52%             | 2051-12-05      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II       | Principal Life Global Funding II                                            | CUSIP: 74256LEK1<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |    660000 | PA      | $653297.90    | 0.15%             | 2026-01-12      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| PROLOGIS TARGETED US           | Prologis Targeted US Logistics Fund LP                                      | CUSIP: 74350LAA2<br>LEI: 5493004DTBWUQ9F2VJ87 | Long             | DBT              | CORP              | US        |    985000 | PA      | $1016783.07   | 0.23%             | 2029-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC         | Roper Technologies Inc                                                      | CUSIP: 776696AK2<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    725000 | PA      | $728492.02    | 0.17%             | 2028-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SCG Hotel Issuer Inc           | SCG Trust 2025-SNIP                                                         | CUSIP: 78398JAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1500940.05   | 0.35%             | 2030-09-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| SMR 2022-IND Mortgage Trust    | SMR 2022-IND Mortgage Trust                                                 | CUSIP: 78458MAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3433789 | PA      | $3432384.52   | 0.79%             | 2039-02-15      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| Small Business Administration  | United States Small Business Administration                                 | CUSIP: 83162CVD2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |      3152 | PA      | $2960.86      | 0.00%             | 2032-11-01      | Fixed         | 2.09%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr | SoFi Professional Loan Program 2021-B Trust                                 | CUSIP: 83405NAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1049002 | PA      | $920406.41    | 0.21%             | 2047-02-15      | Fixed         | 1.14%                 | No            |                  2 | On Loan: No      |
| RTX CORP                       | RTX Corp                                                                    | CUSIP: 913017CY3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    660000 | PA      | $660874.70    | 0.15%             | 2028-11-16      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC              | HSBC Holdings PLC                                                           | CUSIP: 404280DU0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    870000 | PA      | $907429.95    | 0.21%             | 2029-03-09      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO               | Hewlett Packard Enterprise Co                                               | CUSIP: 42824CBT5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    985000 | PA      | $990542.24    | 0.23%             | 2029-10-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL        | Honeywell International Inc                                                 | CUSIP: 438516CX2<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1138504.31   | 0.26%             | 2027-07-30      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu | JPMBB Commercial Mortgage Securities Trust 2014-C22                         | CUSIP: 46642NBH8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    681605 | PA      | $671380.89    | 0.15%             | 2047-09-15      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                         | CUSIP: 46647PEY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3275000 | PA      | $3385024.54   | 0.78%             | 2031-04-22      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| KITE REALTY GROUP LP           | Kite Realty Group LP                                                        | CUSIP: 49803XAA1<br>LEI: 549300X6R2GYI8Y3OD81 | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1306607.14   | 0.30%             | 2026-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO           | Kraft Heinz Foods Co                                                        | CUSIP: 50077LBC9<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    885000 | PA      | $881010.99    | 0.20%             | 2027-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC              | L3Harris Technologies Inc                                                   | CUSIP: 502431AP4<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1473937.56   | 0.34%             | 2027-01-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| LINEAGE OP LP                  | Lineage OP LP                                                               | CUSIP: 53567YAA7<br>LEI: 254900CSRDL1G4SRQE89 | Long             | DBT              | CORP              | US        |    880000 | PA      | $892273.73    | 0.21%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MARS INC                       | Mars Inc                                                                    | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   3945000 | PA      | $3993738.34   | 0.92%             | 2028-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| MARS INC                       | Mars Inc                                                                    | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   3845000 | PA      | $3918573.04   | 0.90%             | 2030-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I        | Metropolitan Life Global Funding I                                          | CUSIP: 592179KF1<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |    330000 | PA      | $336981.19    | 0.08%             | 2028-01-06      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Natixis Commercial Mortgage Se | Natixis Commercial Mortgage Securities Trust 2019-LVL                       | CUSIP: 63874TAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1800000 | PA      | $1752487.02   | 0.40%             | 2038-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC            | NatWest Markets PLC                                                         | CUSIP: 63906YAJ7<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |    885000 | PA      | $918035.92    | 0.21%             | 2029-05-17      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2021-A                            | CUSIP: 63942BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    392497 | PA      | $359137.02    | 0.08%             | 2069-05-15      | Fixed         | 0.84%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | New Residential Mortgage Loan Trust 2016-1                                  | CUSIP: 64829FAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     72951 | PA      | $70634.11     | 0.02%             | 2056-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| N/A                            | LCLSCSDB FUND LIMITED                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DO               |  | US        |         1 | NC      | $18372852.00  | 4.24%             |  |  |  | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Corp Trust 2021-NQM1                          | CUSIP: 36262EAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    635312 | PA      | $579155.51    | 0.13%             | 2061-07-25      | Variable      | 1.53%                 | No            |                  2 | On Loan: No      |
| HALEON US CAPITAL LLC          | Haleon US Capital LLC                                                       | CUSIP: 36264FAK7<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1732042.22   | 0.40%             | 2027-03-24      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| HCA INC                        | HCA Inc                                                                     | CUSIP: 404119CY3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    595000 | PA      | $606038.33    | 0.14%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust   | Hilton Grand Vacations Trust 2024-2                                         | CUSIP: 43283JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    994840 | PA      | $1007201.83   | 0.23%             | 2038-03-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust   | Hilton Grand Vacations Trust 2019-A                                         | CUSIP: 43284HAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    379901 | PA      | $376906.60    | 0.09%             | 2033-07-25      | Fixed         | 2.34%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                 | Home Depot Inc/The                                                          | CUSIP: 437076DB5<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    705000 | PA      | $716755.07    | 0.17%             | 2027-06-25      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner T | Honda Auto Receivables 2024-1 Owner Trust                                   | CUSIP: 437918AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2068029 | PA      | $2087351.92   | 0.48%             | 2028-08-15      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL        | Honeywell International Inc                                                 | CUSIP: 438516CQ7<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    425000 | PA      | $437176.08    | 0.10%             | 2029-09-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobi | GM Financial Consumer Automobile Receivables Trust 2023-4                   | CUSIP: 379930AD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1363785 | PA      | $1378515.60   | 0.32%             | 2028-08-16      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                 | CUSIP: 38141GA46<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    535000 | PA      | $569469.87    | 0.13%             | 2029-10-24      | Variable      | 6.48%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                 | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    660000 | PA      | $682457.71    | 0.16%             | 2031-04-23      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                | MVW 2021-1W LLC                                                             | CUSIP: 55389TAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    266552 | PA      | $256906.91    | 0.06%             | 2041-01-22      | Fixed         | 1.14%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                | MVW 2019-2 LLC                                                              | CUSIP: 55400DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    113030 | PA      | $112232.85    | 0.03%             | 2038-10-20      | Fixed         | 2.22%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                              | CUSIP: 61747YFZ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1600322.90   | 0.37%             | 2031-04-17      | Variable      | 5.19%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY PVT BANK        | Morgan Stanley Private Bank NA                                              | CUSIP: 61776NVG5<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   1680000 | PA      | $1705301.66   | 0.39%             | 2031-07-18      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                     | AbbVie Inc                                                                  | CUSIP: 00287YDS5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    435000 | PA      | $444980.91    | 0.10%             | 2029-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2022-R04                                | CUSIP: 20753YCK6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1640000 | PA      | $1684837.60   | 0.39%             | 2042-03-25      | Floating      | 7.46%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2022-R05                                | CUSIP: 20754DAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    130000 | PA      | $133476.97    | 0.03%             | 2042-04-25      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2022-R07                                | CUSIP: 20754MCB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1870000 | PA      | $1977967.44   | 0.46%             | 2042-06-25      | Floating      | 9.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2022-R06                                | CUSIP: 20754NAK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    915000 | PA      | $951833.33    | 0.22%             | 2042-05-25      | Floating      | 8.21%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2023-R04                                | CUSIP: 20754QAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2108760.00   | 0.49%             | 2043-05-25      | Floating      | 7.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2023-R02                                | CUSIP: 20755AAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2087500.00   | 0.48%             | 2043-01-25      | Floating      | 7.71%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2022-R08                                | CUSIP: 20755DAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2140000 | PA      | $2225600.00   | 0.51%             | 2042-07-25      | Floating      | 7.96%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2023-R01                                | CUSIP: 207932AB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2830000 | PA      | $2971500.00   | 0.69%             | 2042-12-25      | Floating      | 8.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2023-R05                                | CUSIP: 207942AB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    225000 | PA      | $233718.75    | 0.05%             | 2043-06-25      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                   | UBS Group AG                                                                | CUSIP: 225401BC1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    860000 | PA      | $881671.33    | 0.20%             | 2027-12-22      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| UBS AG STAMFORD CT             | UBS AG/Stamford CT                                                          | CUSIP: 22550L2K6<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | CH        |    700000 | PA      | $711922.02    | 0.16%             | 2027-07-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ELP 2021-ELP                   | ELP Commercial Mortgage Trust 2021-ELP                                      | CUSIP: 26863LAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2628102 | PA      | $2625638.06   | 0.61%             | 2038-11-15      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| EMD FINANCE LLC                | EMD Finance LLC                                                             | CUSIP: 26867LAN0<br>LEI: 529900C8KS5G529A0B76 | Long             | DBT              | CORP              | US        |    835000 | PA      | $835385.18    | 0.19%             | 2028-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                   | Enbridge Inc                                                                | CUSIP: 29250NBX2<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    805000 | PA      | $846928.85    | 0.20%             | 2028-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                                          | CUSIP: 29273VAR1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1757291.93   | 0.41%             | 2026-12-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| ESSEX PORTFOLIO LP             | Essex Portfolio LP                                                          | CUSIP: 29717PAY3<br>LEI: 5493003GN3O58H286O74 | Long             | DBT              | CORP              | US        |    420000 | PA      | $396331.67    | 0.09%             | 2028-03-01      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| FRESB Multifamily Mortgage Pas | FRESB 2016-SB23 Mortgage Trust                                              | CUSIP: 30295LAE4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    390538 | PA      | $385148.93    | 0.09%             | 2026-09-25      | Variable      | 2.31%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK         | Federal Home Loan Banks                                                     | CUSIP: 3130ALBC7<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   6475000 | PA      | $6067423.42   | 1.40%             | 2028-02-25      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE                     | Federal National Mortgage Association                                       | CUSIP: 3135G05Y5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |  14670000 | PA      | $13853594.70  | 3.20%             | 2027-10-08      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO       | Florida Power & Light Co                                                    | CUSIP: 341081GK7<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |   1085000 | PA      | $1113467.83   | 0.26%             | 2028-04-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO       | Florida Power & Light Co                                                    | CUSIP: 341081GN1<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1395831.61   | 0.32%             | 2028-05-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust   | Ford Credit Auto Owner Trust 2024-D                                         | CUSIP: 34535VAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $809455.60    | 0.19%             | 2029-08-15      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2022-DNA6                                     | CUSIP: 35564KH44<br>LEI: 5493000IS30HKV5IAS29 | Long             | ABS-MBS          | CORP              | US        |   1830000 | PA      | $1923220.20   | 0.44%             | 2042-09-25      | Floating      | 8.06%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2023-DNA1                                     | CUSIP: 35564KP45<br>LEI: 5493000IRILHAKSCHN59 | Long             | ABS-MBS          | CORP              | US        |    760000 | PA      | $789773.76    | 0.18%             | 2043-03-25      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2023-DNA2                                     | CUSIP: 35564KT66<br>LEI: 5493000IRI80KQJUNK40 | Long             | ABS-MBS          | CORP              | US        |   2195000 | PA      | $2297419.80   | 0.53%             | 2043-04-25      | Floating      | 7.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2023-HQA1                                     | CUSIP: 35564KX87<br>LEI: 5493000IRHY5YZIPQD14 | Long             | ABS-MBS          | CORP              | US        |   1010000 | PA      | $1064932.69   | 0.25%             | 2043-05-25      | Floating      | 7.86%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2022-DNA5                                     | CUSIP: 35564KYP8<br>LEI: 5493000IS349P4O9HR58 | Long             | ABS-MBS          | CORP              | US        |   1485000 | PA      | $1570751.18   | 0.36%             | 2042-06-25      | Floating      | 8.86%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II        | GLP Capital LP / GLP Financing II Inc                                       | CUSIP: 361841AK5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    320000 | PA      | $328879.36    | 0.08%             | 2028-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II        | GLP Capital LP / GLP Financing II Inc                                       | CUSIP: 361841AP4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    520000 | PA      | $503546.78    | 0.12%             | 2030-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GENERAL MILLS INC              | General Mills Inc                                                           | CUSIP: 370334DA9<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |   1045000 | PA      | $1067049.95   | 0.25%             | 2030-01-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co Inc                                             | CUSIP: 37045XFB7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1315000 | PA      | $1347358.88   | 0.31%             | 2030-01-07      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| TRANE TECH FIN LTD             | Trane Technologies Financing Ltd                                            | CUSIP: 456873AE8<br>LEI: 549300A5OEF3CJI2CO89 | Long             | DBT              | CORP              | IE        |    420000 | PA      | $418449.12    | 0.10%             | 2026-03-21      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NYC Trust                      | NYCT Trust 2024-3ELV                                                        | CUSIP: 62956HAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1002501.80   | 0.23%             | 2029-08-15      | Floating      | 6.14%                 | No            |                  2 | On Loan: No      |
| NRTH PARK Mortgage Trust       | NRTH Commercial Mortgage Trust 2025-PARK                                    | CUSIP: 669985AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    430000 | PA      | $428925.00    | 0.10%             | 2040-10-15      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| NSTAR ELECTRIC CO              | NSTAR Electric Co                                                           | CUSIP: 67021CAM9<br>LEI: 54930080R72Y2Z31UR68 | Long             | DBT              | CORP              | US        |    895000 | PA      | $883287.25    | 0.20%             | 2027-05-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| NRTH PARK Mortgage Trust       | NRTH 2024-PARK Mortgage Trust                                               | CUSIP: 67021HAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    550000 | PA      | $548794.24    | 0.13%             | 2039-03-15      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| O'REILLY AUTOMOTIVE INC        | O'Reilly Automotive Inc                                                     | CUSIP: 67103HAJ6<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    430000 | PA      | $428569.07    | 0.10%             | 2030-04-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| O'REILLY AUTOMOTIVE INC        | O'Reilly Automotive Inc                                                     | CUSIP: 67103HAM9<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |   1030000 | PA      | $1047851.58   | 0.24%             | 2026-11-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp                                                                 | CUSIP: 68389XCY9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    685000 | PA      | $696649.93    | 0.16%             | 2028-08-03      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp                                                                 | CUSIP: 68389XDH5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    320000 | PA      | $319779.76    | 0.07%             | 2030-09-26      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                    | PepsiCo Inc                                                                 | CUSIP: 713448GL6<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    920000 | PA      | $923353.98    | 0.21%             | 2029-01-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW USA INFRA HLDS       | South Bow USA Infrastructure Holdings LLC                                   | CUSIP: 83007CAB8<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |    465000 | PA      | $469055.71    | 0.11%             | 2027-09-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON            | Southern California Edison Co                                               | CUSIP: 842400GV9<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    255000 | PA      | $252055.11    | 0.06%             | 2026-02-01      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP              | State Street Corp                                                           | CUSIP: 857477CU5<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    795000 | PA      | $805263.86    | 0.19%             | 2028-02-28      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC               | T-Mobile USA Inc                                                            | CUSIP: 87264ADE2<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1415000 | PA      | $1443738.86   | 0.33%             | 2029-01-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner  | Toyota Auto Receivables 2024-B Owner Trust                                  | CUSIP: 89237NAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5500000 | PA      | $5586129.45   | 1.29%             | 2029-01-16      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| US BANK MMDA - USBGFS 9        | US BANK MMDA - USBGFS 9                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |  15082872 | NS      | $15082871.90  | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| TX Trust 24-HOU                | TX Trust 2024-HOU                                                           | CUSIP: 90216DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $598980.72    | 0.14%             | 2039-06-15      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust  | UBS Commercial Mortgage Trust 2017-C6                                       | CUSIP: 90276UAU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    355845 | PA      | $352953.00    | 0.08%             | 2050-12-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                            | CUSIP: 91282CDF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13010000 | PA      | $12159776.20  | 2.80%             | 2028-10-31      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                            | CUSIP: 91282CEV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7810000 | PA      | $7694985.57   | 1.77%             | 2029-06-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                            | CUSIP: 91282CGQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18530000 | PA      | $18750043.75  | 4.32%             | 2030-02-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                            | CUSIP: 91282CHM6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1905000 | PA      | $1915611.44   | 0.44%             | 2026-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                            | CUSIP: 91282CJR3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5520000 | PA      | $5538759.39   | 1.28%             | 2028-12-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                            | CUSIP: 91282CKD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  26430000 | PA      | $26937951.56  | 6.21%             | 2029-02-28      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                            | CUSIP: 91282CKP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  36585000 | PA      | $37759721.67  | 8.71%             | 2029-04-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                            | CUSIP: 91282CNK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7430000 | PA      | $7477308.22   | 1.72%             | 2030-06-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC         | UnitedHealth Group Inc                                                      | CUSIP: 91324PEU2<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   1475000 | PA      | $1479512.67   | 0.34%             | 2029-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC         | UnitedHealth Group Inc                                                      | CUSIP: 91324PFN7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    515000 | PA      | $520094.14    | 0.12%             | 2028-06-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS         | Verizon Communications Inc                                                  | CUSIP: 92343VGH1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1185000 | PA      | $1130434.01   | 0.26%             | 2028-03-22      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| VIRGINIA POWER FUEL SEC        | Virginia Power Fuel Securitization LLC                                      | CUSIP: 92808VAA0<br>LEI: 254900BELJ95ONW6U791 | Long             | DBT              | CORP              | US        |   1190187 | PA      | $1196509.48   | 0.28%             | 2027-05-01      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA       | Volkswagen Group of America Finance LLC                                     | CUSIP: 928668BL5<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    850000 | PA      | $845968.95    | 0.20%             | 2025-11-24      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Lease Trust    | Volkswagen Auto Lease Trust 2024-A                                          | CUSIP: 92866EAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2017846.20   | 0.47%             | 2027-06-21      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| WALMART INC                    | Walmart Inc                                                                 | CUSIP: 931142FN8<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    270000 | PA      | $274483.50    | 0.06%             | 2030-04-28      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                                            | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2185000 | PA      | $2254015.52   | 0.52%             | 2031-04-23      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| GALAXY COMMODITY POLARIS FUND  | GALAXY COMMODITY POLARIS FUND                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    161439 | NS      | $60376260.64  | 13.92%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-17

**Name of Applicant:** LoCorr Investment Trust

**Signature:** Jon Essen

**Name of Signer:** Jon Essen

**Title:** Treasurer