# EDGAR Filing Document

**Accession Number:** 0001831313
**File Stem:** 0001410368-26-033413
**Filing Date:** 2026-3
**Character Count:** 1297052
**Document Hash:** 400e364b4e9a6a78424635a2760e0952
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-033413.hdr.sgml**: 20260327

**ACCESSION NUMBER**: 0001410368-26-033413

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260327

**DATE AS OF CHANGE**: 20260327

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TCW ETF Trust
- **CENTRAL INDEX KEY:** 0001831313

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23617
- **FILM NUMBER:** 26805403

**BUSINESS ADDRESS:**
- **STREET 1:** 515 SOUTH FLOWER ST
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 213-244-0000

**MAIL ADDRESS:**
- **STREET 1:** 515 SOUTH FLOWER ST
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Engine No. 1 ETF Trust
- **DATE OF NAME CHANGE:** 20210211

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Deer Lane ETF Trust
- **DATE OF NAME CHANGE:** 20201104

## Series and Classes Contracts Data

### TCW Flexible Income ETF (Series ID: S000085545)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000250838 | TCW Flexible Income ETF |  |

## Nport-Ex

**TCW AAA CLO ETF** 

SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **FIXED INCOME SECURITIES — 96.3% of Net Assets** |  |  |  |
|  **ASSET-BACKED SECURITIES** — **96.3%** |  |  |  |
|  AB BSL CLO 6 Ltd. Series 2025-6A, Class A<br>5.10% (3 mo. USD Term SOFR + 1.430%)<sup>(1),(2)</sup> | 07/20/37 | $500000 | $501693 |
|  Adagio IV CLO Ltd. Series IV-A, Class BRRR<br>4.02% (3 mo. EUR EURIBOR + 2.050%)<sup>(1),(2)</sup> | 07/15/38 | 1100000 | &nbsp;&nbsp;&nbsp;&nbsp;1306346 |
|  AGL CLO 13 Ltd. Series 2021-13A, Class A1R<br>4.77% (3 mo. USD Term SOFR + 1.100%)<sup>(1),(2)</sup> | 10/20/34 | 1900000 | 1902569 |
|  AGL CLO 16 Ltd. Series 2021-16A, Class AR<br>4.62% (3 mo. USD Term SOFR + 0.950%)<sup>(1),(2)</sup> | 01/20/35 | 5000000 | 5000965 |
|  AGL CLO 43 Ltd. Series 2025-43A, Class A2<br>5.36% (3 mo. USD Term SOFR + 1.500%)<sup>(1),(2)</sup> | 09/10/38 | 500000 | 500719 |
|  AGL Core CLO 4 Ltd. Series 2020-4A, Class AR2<br>5.05% (3 mo. USD Term SOFR + 1.380%)<sup>(1),(2)</sup> | 10/20/37 | 250000 | 250705 |
|  AIMCO CLO 11 Ltd. Series 2020-11A, Class A2R2<br>5.17% (3 mo. USD Term SOFR + 1.500%)<sup>(1),(2)</sup> | 07/17/37 | 850000 | 851012 |
|  AIMCO CLO 17 Ltd. Series 2022-17A, Class A1R<br>5.02% (3 mo. USD Term SOFR + 1.350%)<sup>(1),(2)</sup> | 07/20/37 | 523000 | 525049 |
|  AIMCO CLO 22 Ltd. Series 2024-22A, Class A<br>5.17% (3 mo. USD Term SOFR + 1.500%)<sup>(1),(2)</sup> | 04/19/37 | 250000 | 250512 |
|  Aimco CLO Ltd. Series 2024-19A, Class A<br>5.02% (3 mo. USD Term SOFR + 1.350%)<sup>(1),(2)</sup> | 10/20/37 | 337000 | 338243 |
|  Alinea CLO Ltd. Series 2018-1A, Class BR<br>4.82% (3 mo. USD Term SOFR + 1.150%)<sup>(1),(2)</sup> | 07/20/31 | 968508 | 969097 |
|  Allegany Park CLO Ltd. Series 2019-1A, Class ARR<br>4.77% (3 mo. USD Term SOFR + 1.100%)<sup>(1),(2)</sup> | 01/20/35 | 1000000 | 1000657 |
|  Allegro CLO V-S Ltd. Series 2024-2A, Class B1<br>5.57% (3 mo. USD Term SOFR + 1.900%)<sup>(1),(2)</sup> | 07/24/37 | 625000 | 626810 |
|  Allegro CLO VIII-S Ltd. Series 2024-3A, Class A<br>5.06% (3 mo. USD Term SOFR + 1.390%)<sup>(1),(2)</sup> | 10/15/37 | 2000000 | 2008976 |
|  Allegro CLO XII Ltd. Series 2020-1A, Class A1R<br>5.11% (3 mo. USD Term SOFR + 1.440%)<sup>(1),(2)</sup> | 07/21/37 | 2000000 | 2005632 |
|  AMMC CLO 24 Ltd. Series 2021-24A, Class AR<br>4.87% (3 mo. USD Term SOFR + 1.200%)<sup>(1),(2)</sup> | 01/20/35 | 1405000 | 1408421 |
|  AMMC CLO 27 Ltd. Series 2022-27A, Class A2R 5.02%<br>(3 mo. USD Term SOFR + 1.350%)<sup>(1),(2)</sup> | 01/20/37 | 5500000 | 5503091 |
|  AMMC CLO 28 Ltd. Series 2024-28A, Class A1A<br>5.22% (3 mo. USD Term SOFR + 1.550%)<sup>(1),(2)</sup> | 07/20/37 | 230000 | 230744 |
|  AMMC CLO 30 Ltd. Series 2024-30A, Class A1<br>5.35% (3 mo. USD Term SOFR + 1.680%)<sup>(1),(2)</sup> | 01/15/37 | 825000 | 825041 |
|  AMMC CLO 31 Ltd. Series 2025-31A, Class A1<br>4.98% (3 mo. USD Term SOFR + 1.310%)<sup>(1),(2)</sup> | 02/20/38 | 2000000 | 2006586 |
|  Anchorage Capital CLO 20 Ltd. Series 2021-20A, Class A1R<br>4.77% (3 mo. USD Term SOFR + 1.100%)<sup>(1),(2)</sup> | 01/20/35 | 500000 | 500633 |
|  Annisa CLO Ltd. Series 2016-2A, Class BRR<br>5.17% (3 mo. USD Term SOFR + 1.500%)<sup>(1),(2)</sup> | 07/20/31 | 155169 | 155371 |
|  Apidos CLO XIIX Ltd. Series 2024-49A, Class A2<br>5.17% (3 mo. USD Term SOFR + 1.500%)<sup>(1),(2)</sup> | 10/24/37 | 400000 | 401263 |
|  Apidos CLO XLVII Ltd. Series 2024-47A, Class A1<br>5.17% (3 mo. USD Term SOFR + 1.500%)<sup>(1),(2)</sup> | 04/26/37 | 500000 | 501119 |
|  Apidos CLO XXV Ltd. Series 2016-25A, Class A1R3<br>4.81% (3 mo. USD Term SOFR + 1.140%)<sup>(1),(2)</sup> | 01/20/37 | 4000000 | 4011620 |
|  Apidos CLO XXXI Series 2019-31A, Class A1R<br>5.03% (3 mo. USD Term SOFR + 1.362%)<sup>(1),(2)</sup> | 04/15/31 | 918515 | 919484 |
|  Apidos CLO XXXII Ltd. Series 2019-32A, Class A1R<br>4.77% (3 mo. USD Term SOFR + 1.100%)<sup>(1),(2)</sup> | 01/20/33 | 1904232 | 1909124 |
|  Aqueduct European CLO Series 2025-15A, Class BR3<br>4.10% (3 mo. EUR EURIBOR + 2.000%)<sup>(1),(2)</sup> | 01/25/39 | 750000 | 896791 |
|  Aqueduct European CLO 10 DAC Series 2024-10A, Class B<br>4.03% (3 mo. EUR EURIBOR + 2.000%)<sup>(1),(2)</sup> | 01/18/39 | 1000000 | 1189202 |
|  Aqueduct European CLO 8 DAC Series 2024-8A, Class BR<br>4.11% (3 mo. EUR EURIBOR + 2.000%)<sup>(1),(2)</sup> | 01/15/39 | 1100000 | 1315945 |
|  Arbour CLO IV DAC Series 4A, Class BRRR<br>4.06% (3 mo. EUR EURIBOR + 2.000%)<sup>(1),(2)</sup> | 11/15/39 | 1100000 | 1315294 |
|  Arbour CLO V DAC Series 5A, Class BR<br>4.10% (3 mo. EUR EURIBOR + 2.000%)<sup>(1),(2)</sup> | 06/15/38 | 850000 | 1016363 |

---

------

**TCW AAA CLO ETF** 

SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **ASSET-BACKED SECURITIES (Continued)** |  |  |  |
|  ARES LI CLO Ltd. Series 2019-51A, Class A1R2<br>5.03% (3 mo. USD Term SOFR + 1.360%)<sup>(1),(2)</sup> | 10/15/37 | $660000 | $662149 |
|  ARES LXII CLO Ltd. Series 2021-62A, Class BR<br>5.17% (3 mo. USD Term SOFR + 1.500%)<sup>(1),(2)</sup> | 01/25/34 | 1250000 | 1251943 |
|  ARES LXV CLO Ltd. Series 2022-65A, Class A1R<br>4.79% (3 mo. USD Term SOFR + 1.120%)<sup>(1),(2)</sup> | 07/25/34 | 2250000 | &nbsp;&nbsp;&nbsp;&nbsp;2253361 |
|  ARES XLIV CLO Ltd. Series 2017-44A, Class A2RR<br>5.02% (3 mo. USD Term SOFR + 1.350%)<sup>(1),(2)</sup> | 04/15/34 | 2000000 | 2002272 |
|  ARES XXVII CLO Ltd. Series 2013-2A, Class AR3<br>4.82% (3 mo. USD Term SOFR + 1.150%)<sup>(1),(2)</sup> | 10/28/34 | 1000000 | 1000500 |
|  Bain Capital Credit CLO Ltd. Series 2020-2A, Class AR3<br>0.00% (-3 mo. USD Term SOFR + 0.980%)<sup>(1),(2),(3),(4)</sup> | 07/19/34 | 4000000 | 4001000 |
|  Bain Capital Credit CLO Ltd. Series 2020-3A, Class A1RR<br>4.88% (3 mo. USD Term SOFR + 1.210%)<sup>(1),(2)</sup> | 10/23/34 | 190000 | 190489 |
|  Bain Capital Credit CLO Ltd. Series 2021-3A, Class AR<br>4.73% (3 mo. USD Term SOFR + 1.060%)<sup>(1),(2)</sup> | 07/24/34 | 1250000 | 1251083 |
|  Bain Capital Credit CLO Ltd. Series 2021-6A, Class A1R<br>4.76% (3 mo. USD Term SOFR + 1.090%)<sup>(1),(2)</sup> | 10/21/34 | 1700000 | 1702570 |
|  Bain Capital Credit CLO Ltd. Series 2022-3A, Class A1R<br>4.83% (3 mo. USD Term SOFR + 1.160%)<sup>(1),(2)</sup> | 07/17/35 | 250000 | 250487 |
|  Bain Capital Credit CLO Ltd. Series 2022-4A, Class A1R<br>5.05% (3 mo. USD Term SOFR + 1.380%)<sup>(1),(2)</sup> | 10/16/37 | 2000000 | 2006756 |
|  Ballyrock CLO 20 Ltd. Series 2022-20A, Class A1A3<br>0.00% (-3 mo. USD Term SOFR + 1.050%)<sup>(1),(2),(3),(4)</sup> | 10/15/36 | 4000000 | 4001000 |
|  Ballyrock CLO Ltd. Series 2020-2A, Class A1R<br>4.94% (3 mo. USD Term SOFR + 1.272%)<sup>(1),(2)</sup> | 10/20/31 | 666242 | 666771 |
|  Barings CLO Ltd. Series 2019-3A, Class A1RR<br>4.81% (3 mo. USD Term SOFR + 1.140%)<sup>(1),(2)</sup> | 01/20/36 | 1000000 | 1001475 |
|  Barings CLO Ltd. Series 2021-3A, Class AR<br>4.80% (3 mo. USD Term SOFR + 1.130%)<sup>(1),(2)</sup> | 01/18/35 | 1750000 | 1752943 |
|  Barings CLO Ltd. Series 2021-3A, Class B1R<br>5.30% (3 mo. USD Term SOFR + 1.630%)<sup>(1),(2)</sup> | 01/18/35 | 1500000 | 1503715 |
|  Barings CLO Ltd. Series 2022-2A, Class A1R<br>5.04% (3 mo. USD Term SOFR + 1.370%)<sup>(1),(2)</sup> | 07/15/39 | 675000 | 677096 |
|  Barings CLO Ltd. Series 2023-4A, Class A<br>5.42% (3 mo. USD Term SOFR + 1.750%)<sup>(1),(2)</sup> | 01/20/37 | 250000 | 250219 |
|  Barings CLO Ltd. Series 2024-1A, Class A<br>5.30% (3 mo. USD Term SOFR + 1.630%)<sup>(1),(2)</sup> | 01/20/37 | 250000 | 250619 |
|  Barings Loan Partners CLO Ltd. 5 Series LP-5A, Class A<br>4.89% (3 mo. USD Term SOFR + 1.220%)<sup>(1),(2)</sup> | 01/20/35 | 2000000 | 2004018 |
|  Battery Park CLO Ltd. Series 2019-1A, Class AR<br>5.07% (3 mo. USD Term SOFR + 1.400%)<sup>(1),(2)</sup> | 07/15/36 | 100000 | 100118 |
|  Benefit Street Partners CLO XXXVI Ltd. Series 2024-36A, Class A1<br>5.03% (3 mo. USD Term SOFR + 1.360%)<sup>(1),(2)</sup> | 01/25/38 | 1500000 | 1505248 |
|  BlueMountain CLO Ltd. Series 2015-4A, Class CR2<br>4.97% (3 mo. USD Term SOFR + 1.300%)<sup>(1),(2)</sup> | 04/20/30 | 1000000 | 1002250 |
|  BlueMountain CLO XXII Ltd. Series 2018-22A, Class A1<br>5.01% (3 mo. USD Term SOFR + 1.342%)<sup>(1),(2)</sup> | 07/15/31 | 212616 | 212923 |
|  BlueMountain CLO XXX Ltd. Series 2020-30A, Class AR2<br>4.82% (3 mo. USD Term SOFR + 1.150%)<sup>(1),(2)</sup> | 04/15/35 | 3350000 | 3351879 |
|  BlueMountain CLO XXXI Ltd. Series 2021-31A, Class A2R<br>5.07% (3 mo. USD Term SOFR + 1.400%)<sup>(1),(2)</sup> | 04/19/34 | 1200000 | 1201229 |
|  BlueMountain CLO XXXII Ltd. Series 2021-32A, Class BR<br>5.22% (3 mo. USD Term SOFR + 1.550%)<sup>(1),(2)</sup> | 10/15/34 | 1500000 | 1498322 |
|  Buckhorn Park CLO Ltd. Series 2019-1A, Class ARR<br>4.74% (3 mo. USD Term SOFR + 1.070%)<sup>(1),(2)</sup> | 07/18/34 | 1000000 | 1000883 |
|  Captree Park CLO Ltd. Series 2024-1A, Class B1<br>5.57% (3 mo. USD Term SOFR + 1.900%)<sup>(1),(2)</sup> | 07/20/37 | 250000 | 250700 |
|  Cedar Funding IX CLO Ltd. Series 2018-9A, Class AR<br>5.09% (3 mo. USD Term SOFR + 1.420%)<sup>(1),(2)</sup> | 07/20/37 | 500000 | 502013 |
|  Cedar Funding VI CLO Ltd. Series 2016-6A, Class AR3<br>4.76% (3 mo. USD Term SOFR + 1.090%)<sup>(1),(2)</sup> | 04/20/34 | 1100000 | 1100414 |
|  Cedar Funding XI CLO Ltd. Series 2019-11A, Class A2R2<br>5.09% (3 mo. USD Term SOFR + 1.300%)<sup>(1),(2)</sup> | 05/29/32 | 1200000 | 1201453 |

---

------

**TCW AAA CLO ETF** 

SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity**<br>**Date** | **Principal**<br>**Amount** | **Value** |
|  **ASSET-BACKED SECURITIES (Continued)** |  |  |  |
|  Cedar Funding XII CLO Ltd. Series 2020-12A, Class ARR<br>4.87% (3 mo. USD Term SOFR + 1.200%)<sup>(1),(2)</sup> | 01/25/38 | $3000000 | $3008469 |
|  Cedar Funding XIV CLO Ltd. Series 2021-14A, Class AR<br>5.05% (3 mo. USD Term SOFR + 1.380%)<sup>(1),(2)</sup> | 10/15/37 | 850000 | 852789 |
|  Cedar Funding XVII CLO Ltd. Series 2023-17A, Class AR<br>5.02% (3 mo. USD Term SOFR + 1.350%)<sup>(1),(2)</sup> | 07/20/38 | 836000 | 838985 |
|  CIFC Funding Ltd. Series 2013-3RA, Class A2R<br>4.87% (3 mo. USD Term SOFR + 1.200%)<sup>(1),(2)</sup> | 04/24/31 | 3000000 | 3001305 |
|  CIFC Funding Ltd. Series 2014-4RA, Class A1B2<br>4.87% (3 mo. USD Term SOFR + 1.200%)<sup>(1),(2)</sup> | 01/17/35 | 4000000 | 3967408 |
|  CIFC Funding Ltd. Series 2017-1A, Class BRR<br>5.72% (3 mo. USD Term SOFR + 2.050%)<sup>(1),(2)</sup> | 04/21/37 | 510000 | 511419 |
|  CIFC Funding Ltd. Series 2019-1A, Class A1R2<br>5.03% (3 mo. USD Term SOFR + 1.360%)<sup>(1),(2)</sup> | 10/20/37 | 425000 | 427253 |
|  CIFC Funding Ltd. Series 2021-1A, Class A1R<br>5.09% (3 mo. USD Term SOFR + 1.420%)<sup>(1),(2)</sup> | 07/25/37 | 830000 | 833930 |
|  CIFC Funding Ltd. Series 2021-7A, Class AR<br>4.76% (3 mo. USD Term SOFR + 1.090%)<sup>(1),(2)</sup> | 01/23/35 | 1000000 | 1000620 |
|  CIFC Funding Ltd. Series 2024-1A, Class A<br>5.17% (3 mo. USD Term SOFR + 1.500%)<sup>(1),(2)</sup> | 04/18/37 | 250000 | 250601 |
|  Clover CLO LLC Series 2021-3A, Class AR<br>4.74% (3 mo. USD Term SOFR + 1.070%)<sup>(1),(2)</sup> | 01/25/35 | 1000000 | 1001110 |
|  Contego CLO IV DAC Series 4A, Class B1RR<br>4.05% (3 mo. EUR EURIBOR + 2.050%)<sup>(1),(2)</sup> | 10/23/39 | &nbsp;&nbsp;&nbsp;&nbsp;1100000 | &nbsp;&nbsp;&nbsp;&nbsp;1308851 |
|  Danby Park CLO Ltd. Series 2022-1A, Class AR<br>5.03% (3 mo. USD Term SOFR + 1.360%)<sup>(1),(2)</sup> | 10/21/37 | 400000 | 401479 |
|  Dryden 104 CLO Ltd. Series 2022-104A, Class A1R<br>5.18% (3 mo. USD Term SOFR + 1.290%)<sup>(1),(2)</sup> | 08/20/34 | 250000 | 250355 |
|  Dryden 105 CLO Ltd. Series 2023-105A, Class AR<br>5.12% (3 mo. USD Term SOFR + 1.450%)<sup>(1),(2)</sup> | 04/15/38 | 2000000 | 2010318 |
|  Dryden 108 CLO Ltd. Series 2022-108A, Class A2R<br>5.18% (3 mo. USD Term SOFR + 1.510%)<sup>(1),(2)</sup> | 07/18/37 | 600000 | 601284 |
|  Dryden 40 Senior Loan Fund Series 2015-40A, Class AR2<br>5.00% (3 mo. USD Term SOFR + 1.150%)<sup>(1),(2)</sup> | 08/15/31 | 1874754 | 1876175 |
|  Dryden 43 Senior Loan Fund Series 2016-43A, Class AR3<br>4.74% (3 mo. USD Term SOFR + 1.070%)<sup>(1),(2)</sup> | 04/20/34 | 1000000 | 1001702 |
|  Dryden 45 Senior Loan Fund Series 2016-45A, Class A1RR<br>4.75% (3 mo. USD Term SOFR + 1.080%)<sup>(1),(2)</sup> | 10/15/30 | 36015 | 36052 |
|  Dryden 55 CLO Ltd. Series 2018-55A, Class A1<br>4.95% (3 mo. USD Term SOFR + 1.282%)<sup>(1),(2)</sup> | 04/15/31 | 832459 | 834214 |
|  Dryden 68 CLO Ltd. Series 2019-68A, Class ARR<br>4.77% (3 mo. USD Term SOFR + 1.100%)<sup>(1),(2)</sup> | 07/15/35 | 5163000 | 5168163 |
|  Dryden 72 CLO Ltd. Series 2019-72A, Class ARR<br>4.95% (3 mo. USD Term SOFR + 1.100%)<sup>(1),(2)</sup> | 05/15/32 | 1797291 | 1799600 |
|  Dryden 75 CLO Ltd. Series 2019-75A, Class AR3<br>4.71% (3 mo. USD Term SOFR + 1.040%)<sup>(1),(2)</sup> | 04/14/34 | 3000000 | 3002748 |
|  Dryden 80 CLO Ltd. Series 2019-80A, Class BRR<br>5.17% (3 mo. USD Term SOFR + 1.500%)<sup>(1),(2)</sup> | 01/17/33 | 2000000 | 2001610 |
|  Dryden 85 CLO Ltd. Series 2020-85A, Class BR2<br>5.47% (3 mo. USD Term SOFR + 1.800%)<sup>(1),(2)</sup> | 07/15/37 | 955000 | 958262 |
|  Dryden 86 CLO Ltd. Series 2020-86A, Class A1R2<br>4.80% (3 mo. USD Term SOFR + 1.130%)<sup>(1),(2)</sup> | 07/17/34 | 250000 | 250623 |
|  Dryden 93 CLO Ltd. Series 2021-93A, Class A1R<br>5.00% (3 mo. USD Term SOFR + 1.330%)<sup>(1),(2)</sup> | 01/15/38 | 620000 | 622142 |
|  Dryden 94 CLO Ltd. Series 2022-94A, Class AR<br>5.03% (3 mo. USD Term SOFR + 1.360%)<sup>(1),(2)</sup> | 10/15/37 | 400000 | 401407 |
|  Dryden 95 CLO Ltd. Series 2021-95A, Class BR<br>5.49% (3 mo. USD Term SOFR + 1.600%)<sup>(1),(2)</sup> | 08/20/34 | 4000000 | 4005072 |
|  Eaton Vance CLO Ltd. Series 2020-2A, Class AR2<br>5.05% (3 mo. USD Term SOFR + 1.380%)<sup>(1),(2)</sup> | 10/15/37 | 1600000 | 1603054 |
|  Elm Park CLO DAC Series 1A, Class BR3<br>4.07% (3 mo. EUR EURIBOR + 1.950%)<sup>(1),(2)</sup> | 01/15/38 | 900000 | 1073482 |
|  Elmwood CLO 15 Ltd. Series 2022-2A, Class A1R<br>4.82% (3 mo. USD Term SOFR + 1.150%)<sup>(1),(2)</sup> | 04/22/35 | 2260000 | 2262106 |

---

------

**TCW AAA CLO ETF** 

SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **ASSET-BACKED SECURITIES (Continued)** |  |  |  |
|  Elmwood CLO 36 Ltd. Series 2024-12RA, Class AR<br>5.01% (3 mo. USD Term SOFR + 1.340%)<sup>(1),(2)</sup> | 10/20/37 | $850000 | $853481 |
|  Elmwood CLO I Ltd. Series 2019-1A, Class A1RR<br>5.19% (3 mo. USD Term SOFR + 1.520%)<sup>(1),(2)</sup> | 04/20/37 | 1180000 | 1180826 |
|  Elmwood CLO III Ltd. Series 2019-3A, Class A2RR<br>5.27% (3 mo. USD Term SOFR + 1.600%)<sup>(1),(2)</sup> | 07/18/37 | 850000 | 852346 |
|  Flatiron CLO 25 Ltd. Series 2024-2A, Class A<br>5.02% (3 mo. USD Term SOFR + 1.350%)<sup>(1),(2)</sup> | 10/17/37 | 850000 | 852623 |
|  Galaxy XXII CLO Ltd. Series 2016-22A, Class ARRR<br>4.91% (3 mo. USD Term SOFR + 1.240%)<sup>(1),(2)</sup> | 04/16/34 | 2803287 | &nbsp;&nbsp;&nbsp;&nbsp;2803427 |
|  GoldenTree Loan Management U.S. CLO 11 Ltd. Series 2021-11A, Class AR<br>4.75% (3 mo. USD Term SOFR + 1.080%)<sup>(1),(2)</sup> | 10/20/34 | 250000 | 250106 |
|  GoldenTree Loan Management U.S. CLO 12 Ltd. Series 2022-12A, Class B1R<br>5.32% (3 mo. USD Term SOFR + 1.650%)<sup>(1),(2)</sup> | 07/20/37 | 250000 | 250495 |
|  GoldenTree Loan Management U.S. CLO 19 Ltd. Series 2024-19A, Class A<br>5.17% (3 mo. USD Term SOFR + 1.500%)<sup>(1),(2)</sup> | 04/20/37 | 500000 | 500776 |
|  GoldenTree Loan Management U.S. CLO 8 Ltd. Series 2020-8A, Class ARR<br>4.82% (3 mo. USD Term SOFR + 1.150%)<sup>(1),(2)</sup> | 10/20/34 | 1130000 | 1131483 |
|  GoldenTree Loan Management U.S. CLO 9 Ltd. Series 2021-9A, Class AR<br>5.17% (3 mo. USD Term SOFR + 1.500%)<sup>(1),(2)</sup> | 04/20/37 | 550000 | 551492 |
|  Golub Capital Partners CLO 53B Ltd. Series 2021-53A, Class AR<br>4.65% (3 mo. USD Term SOFR + 0.980%)<sup>(1),(2)</sup> | 07/20/34 | 5500000 | 5501743 |
|  Golub Capital Partners CLO 60B Ltd. Series 2022-60A, Class AR<br>4.98% (3 mo. USD Term SOFR + 1.310%)<sup>(1),(2)</sup> | 10/25/34 | 500000 | 500579 |
|  Golub Capital Partners CLO 76 B Ltd. Series 2024-76A, Class B<br>5.34% (3 mo. USD Term SOFR + 1.670%)<sup>(1),(2)</sup> | 10/25/37 | 750000 | 752210 |
|  Hamlin Park CLO Ltd. Series 2024-1A, Class A<br>5.01% (3 mo. USD Term SOFR + 1.340%)<sup>(1),(2)</sup> | 10/20/37 | 540000 | 542148 |
|  Harmony-Peace Park CLO Ltd. Series 2024-1A, Class A<br>5.02% (3 mo. USD Term SOFR + 1.350%)<sup>(1),(2)</sup> | 10/20/37 | 1250000 | 1255239 |
|  Hartwick Park CLO Ltd. Series 2023-1A, Class AR<br>4.83% (3 mo. USD Term SOFR + 1.160%)<sup>(1),(2)</sup> | 01/20/37 | 1000000 | 1003092 |
|  Henley CLO XII DAC Series 12X, Class B<br>4.02% (3 mo. EUR EURIBOR + 2.000%)<sup>(1),(5)</sup> | 01/15/38 | 700000 | 832841 |
|  HPS Loan Management Ltd. Series 2021-16A, Class A1R<br>4.78% (3 mo. USD Term SOFR + 1.110%)<sup>(1),(2)</sup> | 01/23/35 | 2000000 | 2002382 |
|  HPS Loan Management Ltd. Series 2021-16A, Class BR<br>5.32% (3 mo. USD Term SOFR + 1.650%)<sup>(1),(2)</sup> | 01/23/35 | 1500000 | 1502940 |
|  HPS Loan Management Ltd. Series 2023-17A, Class AR<br>4.94% (3 mo. USD Term SOFR + 1.270%)<sup>(1),(2)</sup> | 04/23/38 | 3750000 | 3757620 |
|  HPS Loan Management Ltd. Series 2023-18A, Class A2R<br>5.22% (3 mo. USD Term SOFR + 1.550%)<sup>(1),(2)</sup> | 07/20/39 | 2000000 | 2004792 |
|  HPS Loan Management Ltd. Series 2024-22A, Class A1<br>5.04% (3 mo. USD Term SOFR + 1.370%)<sup>(1),(2)</sup> | 10/20/37 | 1850000 | 1857535 |
|  Invesco CLO Ltd. Series 2021-2A, Class AR<br>4.77% (3 mo. USD Term SOFR + 1.100%)<sup>(1),(2)</sup> | 07/15/34 | 1550000 | 1550849 |
|  Invesco CLO Ltd. Series 2021-2A, Class BR<br>5.27% (3 mo. USD Term SOFR + 1.600%)<sup>(1),(2)</sup> | 07/15/34 | 1000000 | 1000567 |
|  Invesco CLO Ltd. Series 2021-3A, Class A1R<br>4.75% (3 mo. USD Term SOFR + 1.080%)<sup>(1),(2)</sup> | 10/22/34 | 900000 | 900392 |
|  Invesco CLO Ltd. Series 2022-2A, Class A1R<br>4.82% (3 mo. USD Term SOFR + 1.150%)<sup>(1),(2)</sup> | 07/20/35 | 1500000 | 1502126 |
|  Invesco U.S. CLO Ltd. Series 2023-1A, Class BR<br>5.72% (3 mo. USD Term SOFR + 2.050%)<sup>(1),(2)</sup> | 04/22/37 | 250000 | 250699 |
|  Invesco U.S. CLO Ltd. Series 2024-4A, Class A1<br>5.00% (3 mo. USD Term SOFR + 1.330%)<sup>(1),(2)</sup> | 01/15/38 | 1000000 | 1003659 |
|  LCM 29 Ltd. Series 29A, Class AR<br>5.00% (3 mo. USD Term SOFR + 1.332%)<sup>(1),(2)</sup> | 04/15/31 | 652134 | 654020 |
|  LCM 31 Ltd. Series 31A, Class BR<br>5.42% (3 mo. USD Term SOFR + 1.750%)<sup>(1),(2)</sup> | 07/20/34 | 1500000 | 1500372 |

---

------

**TCW AAA CLO ETF** 

SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **ASSET-BACKED SECURITIES (Continued)** |  |  |  |
|  LCM 33 Ltd. Series 33A, Class AR<br>4.85% (3 mo. USD Term SOFR + 1.180%)<sup>(1),(2)</sup> | 07/20/34 | $2250000 | $2251010 |
|  LCM 34 Ltd. Series 34A, Class A2R<br>5.27% (3 mo. USD Term SOFR + 1.600%)<sup>(1),(2)</sup> | 10/20/34 | 3000000 | 3003642 |
|  LCM 35 Ltd. Series 35A, Class BR<br>5.32% (3 mo. USD Term SOFR + 1.650%)<sup>(1),(2)</sup> | 10/15/34 | 1250000 | 1250714 |
|  LCM 37 Ltd. Series 37A, Class A1R<br>4.73% (3 mo. USD Term SOFR + 1.060%)<sup>(1),(2)</sup> | 04/15/34 | 1861017 | 1861912 |
|  LCM 40 Ltd. Series 40A, Class A1R<br>5.04% (3 mo. USD Term SOFR + 1.370%)<sup>(1),(2)</sup> | 01/15/38 | 1000000 | 1001998 |
|  LCM 40 Ltd. Series 40A, Class A2R<br>5.32% (3 mo. USD Term SOFR + 1.650%)<sup>(1),(2)</sup> | 01/15/38 | 2000000 | 2007460 |
|  LCM 41 Ltd. Series 41A, Class A2R<br>5.22% (3 mo. USD Term SOFR + 1.550%)<sup>(1),(2)</sup> | 04/15/36 | 2500000 | 2500792 |
|  Madison Park Funding LIX Ltd. Series 2021-59A, Class A1R<br>5.17% (3 mo. USD Term SOFR + 1.500%)<sup>(1),(2)</sup> | 04/18/37 | 395000 | 396320 |
|  Madison Park Funding LXVII Ltd. Series 2024-67A, Class A1<br>5.18% (3 mo. USD Term SOFR + 1.510%)<sup>(1),(2)</sup> | 04/25/37 | 850000 | 852204 |
|  Madison Park Funding XLIX Ltd. Series 2021-49A, Class AR<br>4.72% (3 mo. USD Term SOFR + 1.050%)<sup>(1),(2)</sup> | 10/19/34 | 5500000 | 5502574 |
|  Madison Park Funding XLV Ltd. Series 2020-45A, Class ARR<br>4.75% (3 mo. USD Term SOFR + 1.080%)<sup>(1),(2)</sup> | 07/15/34 | 1000000 | 1001140 |
|  Madison Park Funding XLVI Ltd. Series 2020-46A, Class ARR<br>4.67% (3 mo. USD Term SOFR + 1.000%)<sup>(1),(2)</sup> | 10/15/34 | 5000000 | 5002065 |
|  Madison Park Funding XXVII Ltd. Series 2018-27A, Class A2R<br>5.17% (3 mo. USD Term SOFR + 1.500%)<sup>(1),(2)</sup> | 04/20/38 | 2250000 | &nbsp;&nbsp;&nbsp;&nbsp;2254390 |
|  Madison Park Funding XXXVII Ltd. Series 2019-37A, Class AR2<br>5.20% (3 mo. USD Term SOFR + 1.530%)<sup>(1),(2)</sup> | 04/15/37 | 2275000 | 2280790 |
|  Magnetite XIX Ltd. Series 2017-19A, Class B1RR<br>5.12% (3 mo. USD Term SOFR + 1.450%)<sup>(1),(2)</sup> | 04/17/34 | 500000 | 501193 |
|  Magnetite XXIII Ltd. Series 2019-23A, Class AR2<br>0.00% (-3 mo. USD Term SOFR + 0.990%)<sup>(1),(2),(3),(4)</sup> | 01/25/35 | 2700000 | 2700675 |
|  Neuberger Berman CLO XVII Ltd. Series 2014-17A, Class AR3<br>5.07% (3 mo. USD Term SOFR + 1.400%)<sup>(1),(2)</sup> | 07/22/38 | 1400000 | 1405040 |
|  Neuberger Berman Euro CLO DAC Series 2025-8A, Class A2<br>3.76% (3 mo. EUR EURIBOR + 1.735%)<sup>(1),(2)</sup> | 01/20/39 | &nbsp;&nbsp;&nbsp;&nbsp;2000000 | 2377761 |
|  Neuberger Berman Loan Advisers CLO 41 Ltd. Series 2021-41A, Class AR<br>4.72% (3 mo. USD Term SOFR + 1.050%)<sup>(1),(2)</sup> | 04/15/34 | 500000 | 500411 |
|  Neuberger Berman Loan Advisers CLO 42 Ltd. Series 2021-42A, Class AR<br>4.62% (3 mo. USD Term SOFR + 0.950%)<sup>(1),(2)</sup> | 07/16/36 | 755000 | 755486 |
|  Neuberger Berman Loan Advisers CLO 45Ltd. Series 2021-45A, Class AR<br>4.73% (3 mo. USD Term SOFR + 1.060%)<sup>(1),(2)</sup> | 10/14/36 | 2000000 | 2002780 |
|  Neuberger Berman Loan Advisers CLO 52 Ltd. Series 2022-52A, Class AR<br>5.02% (3 mo. USD Term SOFR + 1.350%)<sup>(1),(2)</sup> | 10/24/38 | 850000 | 853627 |
|  Neuberger Berman Loan Advisers CLO Ltd. Series 2017-24A, Class AR2<br>5.03% (3 mo. USD Term SOFR + 1.360%)<sup>(1),(2)</sup> | 10/19/38 | 2000000 | 2007352 |
|  Neuberger Berman Loan Advisers Lasalle Street Lending CLO I Ltd. Series 2023-1A, Class A2R<br>5.22% (3 mo. USD Term SOFR + 1.550%)<sup>(1),(2)</sup> | 10/25/36 | 2000000 | 2006530 |
|  Northwoods Capital 25 Ltd. Series 2021-25A, Class AR<br>4.79% (3 mo. USD Term SOFR + 1.120%)<sup>(1),(2)</sup> | 07/20/34 | 2500000 | 2499252 |
|  OCP Aegis CLO Ltd. Series 2023-29A, Class BR<br>5.22% (3 mo. USD Term SOFR + 1.550%)<sup>(1),(2)</sup> | 01/20/36 | 500000 | 500265 |
|  OCP CLO Ltd. Series 2021-22A, Class AR<br>5.02% (3 mo. USD Term SOFR + 1.350%)<sup>(1),(2)</sup> | 10/20/37 | 850000 | 854386 |
|  OCP CLO Ltd. Series 2023-26A, Class AR<br>4.75% (3 mo. USD Term SOFR + 1.080%)<sup>(1),(2)</sup> | 04/17/37 | 1850000 | 1851117 |

---

------

**TCW AAA CLO ETF** 

SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Principal<br>Amount** | **Value** |
|  **ASSET-BACKED SECURITIES (Continued)** |  |  |  |  |
|  OCP Euro CLO DAC Series 2023-7A, Class BRR<br>3.88% (3 mo. EUR EURIBOR + 1.850%)<sup>(1),(2)</sup> | 10/20/39 | EUR | 950000 | $1131994 |
|  Octagon 57 Ltd. Series 2021-1A, Class AR<br>4.74% (3 mo. USD Term SOFR + 1.070%)<sup>(1),(2)</sup> | 10/15/34 |  | 1300000 | 1300608 |
|  Octagon 64 Ltd. Series 2022-1A, Class A1R<br>4.93% (3 mo. USD Term SOFR + 1.260%)<sup>(1),(2)</sup> | 07/21/35 |  | 3000000 | 3004581 |
|  Octagon Investment Partners 29 Ltd. Series 2016-1A, Class A1R2<br>5.09% (3 mo. USD Term SOFR + 1.420%)<sup>(1),(2)</sup> | 07/18/37 |  | 850000 | 852135 |
|  Octagon Investment Partners 36 Ltd. Series 2018-1A, Class A2<br>5.13% (3 mo. USD Term SOFR + 1.462%)<sup>(1),(2)</sup> | 04/15/31 |  | 250000 | 250115 |
|  Octagon Investment Partners 40 Ltd. Series 2019-1A, Class A1RR<br>4.71% (3 mo. USD Term SOFR + 1.040%)<sup>(1),(2)</sup> | 01/20/35 |  | 2000000 | 2000978 |
|  Octagon Investment Partners 40 Ltd. Series 2019-1A, Class A2RR<br>4.97% (3 mo. USD Term SOFR + 1.300%)<sup>(1),(2)</sup> | 01/20/35 |  | 2000000 | 1988282 |
|  Octagon Investment Partners 41 Ltd. Series 2019-2A, Class A2R2<br>5.27% (3 mo. USD Term SOFR + 1.600%)<sup>(1),(2)</sup> | 10/15/33 |  | 2000000 | 2001812 |
|  Octagon Investment Partners 44 Ltd. Series 2019-1A, Class AR2<br>4.82% (3 mo. USD Term SOFR + 1.150%)<sup>(1),(2)</sup> | 10/15/34 |  | 2500000 | 2502955 |
|  Octagon Investment Partners 45 Ltd. Series 2019-1A, Class A1RR<br>4.82% (3 mo. USD Term SOFR + 1.150%)<sup>(1),(2)</sup> | 04/15/35 |  | 2000000 | 2001816 |
|  Octagon Investment Partners 45 Ltd. Series 2019-1A, Class BRR<br>5.27% (3 mo. USD Term SOFR + 1.600%)<sup>(1),(2)</sup> | 04/15/35 |  | 600000 | 601157 |
|  Octagon Investment Partners 50 Ltd. Series 2020-4A, Class AR2<br>4.75% (3 mo. USD Term SOFR + 1.080%)<sup>(1),(2)</sup> | 01/15/35 |  | 3000000 | 3003000 |
|  Octagon Investment Partners 51 Ltd. Series 2021-1A, Class AR<br>4.66% (3 mo. USD Term SOFR + 0.990%)<sup>(1),(2)</sup> | 07/20/34 |  | 5500000 | 5499483 |
|  Octagon Investment Partners XVI Ltd. Series 2013-1A, Class A2R<br>5.33% (3 mo. USD Term SOFR + 1.662%)<sup>(1),(2)</sup> | 07/17/30 |  | 255397 | 255775 |
|  Octagon Investment Partners XXI Ltd. Series 2014-1A, Class A2R4<br>5.00% (3 mo. USD Term SOFR + 1.150%)<sup>(1),(2)</sup> | 02/14/31 |  | 5500000 | 5507425 |
|  OHA Credit Funding 1 Ltd. Series 2018-1A, Class B1R<br>5.67% (3 mo. USD Term SOFR + 2.000%)<sup>(1),(2)</sup> | 04/20/37 |  | 250000 | 250891 |
|  OHA Credit Funding 4 Ltd. Series 2019-4A, Class AR2<br>4.96% (3 mo. USD Term SOFR + 1.290%)<sup>(1),(2)</sup> | 01/22/38 |  | 1000000 | 1003220 |
|  OHA Credit Funding 5 Ltd. Series 2020-5A, Class AR<br>5.02% (3 mo. USD Term SOFR + 1.350%)<sup>(1),(2)</sup> | 10/18/37 |  | 400000 | 401917 |
|  Palmer Square BDC CLO 1 Ltd. Series 1A, Class A<br>5.27% (3 mo. USD Term SOFR + 1.600%)<sup>(1),(2)</sup> | 07/15/37 |  | 1830000 | 1835673 |
|  Palmer Square CLO Ltd. Series 2024-2A, Class A1<br>5.07% (3 mo. USD Term SOFR + 1.400%)<sup>(1),(2)</sup> | 07/20/37 |  | 500000 | 501810 |
|  Palmer Square CLO Ltd. Series 2024-4A, Class A2<br>5.17% (3 mo. USD Term SOFR + 1.500%)<sup>(1),(2)</sup> | 01/15/38 |  | 1000000 | 1002116 |
|  Palmer Square European Loan Funding DAC Series 2025-2A, Class B<br>4.06% (3 mo. EUR EURIBOR + 2.000%)<sup>(1),(2)</sup> | 02/15/35 | EUR | 850000 | 1008918 |
|  Palmer Square European Loan Funding DAC Series 2025-3A, Class B<br>3.92% (3 mo. EUR EURIBOR + 1.800%)<sup>(1),(2)</sup> | 07/15/35 | EUR | 475000 | 563938 |
|  Palmer Square Loan Funding Ltd. Series 2022-3A, Class A1BR<br>5.07% (3 mo. USD Term SOFR + 1.400%)<sup>(1),(2)</sup> | 04/15/31 |  | 500976 | 502090 |
|  Palmer Square Loan Funding Ltd. Series 2023-2A, Class A2R<br>5.17% (3 mo. USD Term SOFR + 1.500%)<sup>(1),(2)</sup> | 01/25/32 |  | 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;4007892 |
|  Palmer Square Loan Funding Ltd. Series 2024-2A, Class A1N<br>4.67% (3 mo. USD Term SOFR + 1.000%)<sup>(1),(2)</sup> | 01/15/33 |  | 171288 | 171502 |
|  Park Avenue Institutional Advisers CLO Ltd. Series 2017-1A, Class A2R2<br>5.40% (3 mo. USD Term SOFR + 1.550%)<sup>(1),(2)</sup> | 02/14/34 |  | 2000000 | 2001460 |

---

------

**TCW AAA CLO ETF** 

SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **ASSET-BACKED SECURITIES (Continued)** |  |  |  |
|  Park Avenue Institutional Advisers CLO Ltd. Series 2019-2A, Class A2RR<br>0.00% (-3 mo. USD Term SOFR + 1.500%)<sup>(1),(2),(3),(4)</sup> | 10/15/34 | $2000000 | $2001100 |
|  Park Avenue Institutional Advisers CLO Ltd. Series 2021-1A, Class A1AR<br>4.78% (3 mo. USD Term SOFR + 1.110%)<sup>(1),(2)</sup> | 01/20/34 | 2000000 | 2001322 |
|  Park Avenue Institutional Advisers CLO Ltd. Series 2021-2A, Class BR<br>5.27% (3 mo. USD Term SOFR + 1.600%)<sup>(1),(2)</sup> | 07/15/34 | 1500000 | 1501712 |
|  Point Au Roche Park CLO Ltd. Series 2021-1A, Class A<br>5.01% (3 mo. USD Term SOFR + 1.342%)<sup>(1),(2)</sup> | 07/20/34 | 1100000 | 1100055 |
|  Rad CLO 21 Ltd. Series 2023-21A, Class A1R<br>4.74% (3 mo. USD Term SOFR + 1.070%)<sup>(1),(2)</sup> | 01/25/37 | 5500000 | 5501391 |
|  RAD CLO 26 Ltd. Series 2024-26A, Class A<br>5.04% (3 mo. USD Term SOFR + 1.370%)<sup>(1),(2)</sup> | 10/20/37 | 400000 | 401052 |
|  Regatta XI Funding Ltd. Series 2018-1A, Class AR<br>5.07% (3 mo. USD Term SOFR + 1.400%)<sup>(1),(2)</sup> | 07/17/37 | 2000000 | 2006886 |
|  Regatta XVI Funding Ltd. Series 2019-2A, Class A1R<br>4.87% (3 mo. USD Term SOFR + 1.200%)<sup>(1),(2)</sup> | 01/15/33 | 1509435 | 1509511 |
|  Regatta XXVII Funding Ltd. Series 2024-1A, Class A1<br>5.20% (3 mo. USD Term SOFR + 1.530%)<sup>(1),(2)</sup> | 04/26/37 | 500000 | 501402 |
|  Regatta XXVII Funding Ltd. Series 2024-1A, Class A2<br>5.40% (3 mo. USD Term SOFR + 1.730%)<sup>(1),(2)</sup> | 04/26/37 | 1500000 | 1503915 |
|  Rockford Tower CLO Ltd. Series 2018-1A, Class A<br>5.25% (3 mo. USD Term SOFR + 1.362%)<sup>(1),(2)</sup> | 05/20/31 | 1590551 | 1591188 |
|  Rockford Tower CLO Ltd. Series 2019-1A, Class AR2<br>4.77% (3 mo. USD Term SOFR + 1.100%)<sup>(1),(2)</sup> | 04/20/34 | 700000 | 700855 |
|  Rockford Tower CLO Ltd. Series 2019-1A, Class B1R2<br>5.27% (3 mo. USD Term SOFR + 1.600%)<sup>(1),(2)</sup> | 04/20/34 | 2000000 | 2001994 |
|  Rockford Tower CLO Ltd. Series 2019-2A, Class AR2<br>5.02% (3 mo. USD Term SOFR + 1.130%)<sup>(1),(2)</sup> | 08/20/32 | 758655 | 759553 |
|  Rockford Tower CLO Ltd. Series 2020-1A, Class A1RR<br>4.76% (3 mo. USD Term SOFR + 1.090%)<sup>(1),(2)</sup> | 01/20/36 | 1600000 | 1600798 |
|  Rockford Tower CLO Ltd. Series 2021-2A, Class A2R<br>5.17% (3 mo. USD Term SOFR + 1.500%)<sup>(1),(2)</sup> | 07/20/34 | 2000000 | 2002180 |
|  Rockford Tower CLO Ltd. Series 2022-1A, Class BR<br>5.37% (3 mo. USD Term SOFR + 1.700%)<sup>(1),(2)</sup> | 07/20/35 | 1500000 | 1504500 |
|  Rockford Tower CLO Ltd. Series 2025-1A, Class A1<br>4.88% (3 mo. USD Term SOFR + 1.210%)<sup>(1),(2)</sup> | 03/31/38 | 5500000 | 5515323 |
|  Rockford Tower Europe CLO DAC Series 2019-1A, Class B1R<br>4.13% (3 mo. EUR EURIBOR + 2.100%)<sup>(1),(2)</sup> | 01/20/38 | 750000 | 892010 |
|  RR 16 Ltd. Series 2021-16A, Class A2R<br>5.17% (3 mo. USD Term SOFR + 1.500%)<sup>(1),(2)</sup> | 07/15/36 | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;1501805 |
|  RR 26 Ltd. Series 2023-26A, Class A1R<br>4.79% (3 mo. USD Term SOFR + 1.120%)<sup>(1),(2)</sup> | 04/15/38 | 3000000 | 3003114 |
|  RR 5 Ltd. Series 2018-5A, Class A1R<br>5.17% (3 mo. USD Term SOFR + 1.500%)<sup>(1),(2)</sup> | 07/15/39 | 1500000 | 1505025 |
|  Sixth Street CLO VIII Ltd. Series 2017-8A, Class A1R2<br>4.82% (3 mo. USD Term SOFR + 1.150%)<sup>(1),(2)</sup> | 10/20/34 | 1000000 | 1001686 |
|  Sixth Street CLO XXI Ltd. Series 2022-21A, Class AR<br>5.04% (3 mo. USD Term SOFR + 1.370%)<sup>(1),(2)</sup> | 10/21/37 | 2000000 | 2007012 |
|  Symphony CLO 43 Ltd. Series 2024-43A, Class A1<br>5.19% (3 mo. USD Term SOFR + 1.520%)<sup>(1),(2)</sup> | 04/15/37 | 850000 | 852591 |
|  Symphony CLO XXII Ltd. Series 2020-22A, Class A1AR<br>4.85% (3 mo. USD Term SOFR + 1.180%)<sup>(1),(2)</sup> | 04/18/33 | 565894 | 566171 |
|  Symphony CLO XXIII Ltd. Series 2020-23A, Class BR2<br>5.02% (3 mo. USD Term SOFR + 1.350%)<sup>(1),(2)</sup> | 01/15/34 | 2000000 | 2001138 |
|  Symphony CLO XXIV Ltd. Series 2020-24A, Class A1R<br>4.80% (3 mo. USD Term SOFR + 1.130%)<sup>(1),(2)</sup> | 10/23/35 | 2075000 | 2076760 |
|  Symphony CLO XXV Ltd. Series 2021-25A, Class BR<br>5.17% (3 mo. USD Term SOFR + 1.500%)<sup>(1),(2)</sup> | 04/19/34 | 1800000 | 1802585 |
|  TCI-Symphony CLO Ltd. Series 2016-1A, Class AR2<br>4.93% (3 mo. USD Term SOFR + 1.282%)<sup>(1),(2)</sup> | 10/13/32 | 780727 | 782162 |
|  Texas Debt Capital CLO Ltd. Series 2023-2A, Class A1R<br>5.04% (3 mo. USD Term SOFR + 1.370%)<sup>(1),(2)</sup> | 10/21/37 | 321000 | 322650 |

---

------

**TCW AAA CLO ETF** 

SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Principal<br>Amount** | **Value** |
|  **ASSET-BACKED SECURITIES (Continued)** |  |  |  |  |
|  Thompson Park CLO Ltd. Series 2021-1A, Class A1R<br>4.72% (3 mo. USD Term SOFR + 1.050%)<sup>(1),(2)</sup> | 04/15/34 | $| 2200000 | $2201408 |
|  Trestles CLO V Ltd. Series 2021-5A, Class A1R<br>4.92% (3 mo. USD Term SOFR + 1.250%)<sup>(1),(2)</sup> | 10/20/34 |  | 2800000 | 2803016 |
|  Trestles CLO VIII Ltd. Series 2025-8A, Class A1<br>5.00% (3 mo. USD Term SOFR + 1.330%)<sup>(1),(2)</sup> | 06/11/35 |  | 3300000 | 3309243 |
|  Trinitas CLO VI Ltd. Series 2017-6A, Class B1R4<br>5.32% (3 mo. USD Term SOFR + 1.650%)<sup>(1),(2)</sup> | 01/25/34 |  | 1000000 | 1000656 |
|  Trinitas CLO VII Ltd. Series 2017-7A, Class B1R2<br>5.27% (3 mo. USD Term SOFR + 1.600%)<sup>(1),(2)</sup> | 01/25/35 |  | 1000000 | 1000671 |
|  Trinitas CLO XVI Ltd. Series 2021-16A, Class A1R<br>4.80% (3 mo. USD Term SOFR + 1.130%)<sup>(1),(2)</sup> | 07/20/34 |  | 1500000 | 1500705 |
|  Trinitas CLO XXX Ltd. Series 2024-30A, Class A1<br>5.04% (3 mo. USD Term SOFR + 1.370%)<sup>(1),(2)</sup> | 10/23/37 |  | 1000000 | 1003517 |
|  Voya CLO Ltd. Series 2013-3A, Class A2RR<br>5.63% (3 mo. USD Term SOFR + 1.961%)<sup>(1),(2)</sup> | 10/18/31 |  | 327073 | 328153 |
|  Voya CLO Ltd. Series 2017-3A, Class A1RR<br>4.73% (3 mo. USD Term SOFR + 1.060%)<sup>(1),(2)</sup> | 04/20/34 |  | 500000 | 500539 |
|  Voya CLO Ltd. Series 2017-3A, Class AAR2<br>5.27% (3 mo. USD Term SOFR + 1.600%)<sup>(1),(2)</sup> | 04/20/34 |  | 2000000 | 2002554 |
|  Voya CLO Ltd. Series 2018-4A, Class A1RR<br>5.03% (3 mo. USD Term SOFR + 1.360%)<sup>(1),(2)</sup> | 10/15/37 |  | 750000 | 752113 |
|  Voya CLO Ltd. Series 2019-1A, Class A2RR<br>5.27% (3 mo. USD Term SOFR + 1.600%)<sup>(1),(2)</sup> | 10/15/37 |  | 850000 | 851396 |
|  Voya CLO Ltd. Series 2019-2A, Class AR<br>4.87% (3 mo. USD Term SOFR + 1.200%)<sup>(1),(2)</sup> | 07/20/32 |  | 1760175 | 1762440 |
|  Voya CLO Ltd. Series 2020-1A, Class ARR<br>4.75% (3 mo. USD Term SOFR + 1.080%)<sup>(1),(2)</sup> | 07/16/34 |  | 1500000 | 1501719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Asset-Backed Securities** (Cost: $338,810,499) |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;339692428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Fixed Income Securities** (Cost: $338,810,499) |  |  |  | 339692428 |
|  |  | **Shares** | **Shares** |  |
|  **MONEY MARKET INVESTMENTS** — **7.3%** | **MONEY MARKET INVESTMENTS** — **7.3%** | **MONEY MARKET INVESTMENTS** — **7.3%** | **MONEY MARKET INVESTMENTS** — **7.3%** | **MONEY MARKET INVESTMENTS** — **7.3%** |
|  State Street Institutional U.S. Government Money Market Fund — Premier Class,<br>3.65%<sup>(6)</sup> | State Street Institutional U.S. Government Money Market Fund — Premier Class,<br>3.65%<sup>(6)</sup> |  | 1414028 | 1414028 |
|  TCW Central Cash Fund,<br>3.65%<sup>(6),(7)</sup> | TCW Central Cash Fund,<br>3.65%<sup>(6),(7)</sup> |  | 24523243 | 24523243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Money Market Investments** (Cost: $25,937,271) |  |  |  | 25937271 |
|  **Total Investments (103.6%)** (Cost: $364,747,770) | **Total Investments (103.6%)** (Cost: $364,747,770) | **Total Investments (103.6%)** (Cost: $364,747,770) | **Total Investments (103.6%)** (Cost: $364,747,770) | 365629699 |
|  **Liabilities In Excess Of Other Assets (-3.6%)** | **Liabilities In Excess Of Other Assets (-3.6%)** | **Liabilities In Excess Of Other Assets (-3.6%)** | **Liabilities In Excess Of Other Assets (-3.6%)** | (12763471) |
|  **Net Assets (100.0%)** | **Net Assets (100.0%)** | **Net Assets (100.0%)** | **Net Assets (100.0%)** | $352866228 |

---

------

**TCW AAA CLO ETF** 

SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  **FORWARD CURRENCY EXCHANGE CONTRACTS**  | **FORWARD CURRENCY EXCHANGE CONTRACTS**  | **FORWARD CURRENCY EXCHANGE CONTRACTS**  | **FORWARD CURRENCY EXCHANGE CONTRACTS**  | **FORWARD CURRENCY EXCHANGE CONTRACTS**  | **FORWARD CURRENCY EXCHANGE CONTRACTS**  | **FORWARD CURRENCY EXCHANGE CONTRACTS**  |
| **Counterparty** | **Contracts to<br>Deliver** | **Units of<br>Currency** | **Settlement<br>Date** | **In Exchange<br>for USD** | **Contracts<br>at Value** | **Unrealized<br>Appreciation<br>(Depreciation)** |
|  **BUY<sup>(8)</sup>** | | |  |  |  |  |
|  Bank of New York | EUR | 2473014 | 04/01/26 | $2899075 | $2939262 | $40187 |
|  **SELL<sup>(9)</sup>** |  |  |  |  |  |  |
|  Citibank N.A. | EUR | 703726 | 04/01/26 | $843152 | $836403 | $6749 |
|  Bank of America | EUR | 15471519 | 04/01/26 | 18170494 | 18388431 | (217937) |
|  |  |  |  | $**19013646** | $**19224834** | $**(211188)** |

---

---

| | |
|:---|:---|
| **Notes to the Schedule of Investments:** | **Notes to the Schedule of Investments:** |
| ABS | Asset-Backed Securities. |
| BDC | Business Development Company. |
| CLO | Collateralized Loan Obligation. |
| PAC | Planned Amortization Class. |
| SOFR | Secured Overnight Financing Rate. |
| EUR | Euro Currency. |
| (1) | Floating or variable rate security. The interest shown reflects the rate in effect at January 31, 2026. |
| (2) | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold, normally only to qualified institutional buyers. At January 31, 2026, the value of these securities amounted to $338,859,587 or 96.0% of net assets. These securities are determined to be liquid by the Fund's investment advisor, unless otherwise noted, under procedures established by and under the general supervision of the Company's Board of Directors. |
| (3) | This security is purchased on a when-issued, delayed-delivery or forward commitment basis. |
| (4) | Security is not accruing interest. |
| (5) | Investments issued under Regulation S of the Securities Act of 1933, as amended, may not be offered, sold, or delivered within the United States except under special exemptions. At January 31, 2026, the value of these securities amounted to $832,841 or 0.2% of net assets. |
| (6) | Rate disclosed is the 7-day net yield as of January 31, 2026. |
| (7) | Affiliated issuer. |
| (8) | Fund buys foreign currency, sells USD. |
| (9) | Fund sells foreign currency, buys USD. |

---

------

---

| |
|:---|
| **TCW AAA CLO ETF** |
| SCHEDULE OF INVESTMENTS (Continued) |

---

The summary of the TCW AAA CLO ETF transactions in the affiliated funds for the period ended January 31, 2026 is as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name of Affiliated Fund** | **Value at<br>October 31,<br>2025** | **Purchases at<br>Cost** | **Proceeds from<br>Sales** | **Number of<br>Shares Held<br>January 31,<br>2026** | **Value at<br>January 31,<br>2026** | **Dividends and<br>Interest Income<br>Received** | **Distributions<br>Received from<br>Net Realized<br>Gain** | **Net change in<br>Unrealized Gain<br>(Loss) on<br>Investments** |
|  TCW Central Cash Fund | $8123243 | $62000000 | $45600000 | 24523243 | $24523243 | $48661 | $– $– $|  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total |  |  |  |  | $24523243 | $48661 | $– $– $|  |

---

------

---

| | |
|:---|:---|
| **TCW AAA CLO ETF** |  |
| Fair Valuation Summary (Unaudited) | January 31, 2026 |

---

The following is a summary of the fair valuations according to the inputs used as of January 31, 2026 in valuing the Fund's investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Quoted Prices in<br>Active Markets for<br>Identical Assets**<br>**(Level 1)** | **Other Significant<br>Observable Inputs**<br>**(Level 2)** | **Significant<br>Unobservable Inputs**<br>**(Level 3)** | **Total** |
|  Fixed Income Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed Securities | $— | $339692428 | $— | $339692428 |
|  Equity Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Money Market Investments | 25937271 |  |  | 25937271 |
|  Total Investments | $25937271 | $339692428 | $— | $365629699 |
|  Asset Derivatives |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Currency Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Risk |  | 46936 |  | 46936 |
|  Total | $25937271 | $339739364 | $— | $365676635 |
|  Liability Derivatives |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Currency Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Risk | $— | $(217937) | $— | $(217937) |
|  Total | $— | $(217937) | $— | $(217937) |

---

------

**TCW Core Plus Bond ETF** 

SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **FIXED INCOME SECURITIES — 105.7% of Net Assets** | **FIXED INCOME SECURITIES — 105.7% of Net Assets** | **FIXED INCOME SECURITIES — 105.7% of Net Assets** | **FIXED INCOME SECURITIES — 105.7% of Net Assets** |
|  **ASSET-BACKED SECURITIES** — **10.3%** | **ASSET-BACKED SECURITIES** — **10.3%** | **ASSET-BACKED SECURITIES** — **10.3%** | **ASSET-BACKED SECURITIES** — **10.3%** |
|  ACE Securities Corp. Home Equity Loan Trust Series 2005-HE2, Class M5<br>4.81% (1 mo. USD Term SOFR + 1.134%)<sup>(1)</sup> | 04/25/35 | $644171 | $638680 |
|  AMMC CLO 30 Ltd. Series 2024-30A, Class A1<br>5.35% (3 mo. USD Term SOFR + 1.680%)<sup>(1),(2)</sup> | 01/15/37 | 2000000 | 2000100 |
|  AMSR Trust Series 2025-SFR1, Class E1<br>3.66% <sup>(2)</sup> | 06/17/42 | 520000 | 482201 |
|  Aqueduct European CLO Series 2025-15A, Class CR3<br>4.55% (3 mo. EUR EURIBOR + 2.450%)<sup>(1),(2)</sup> | 01/25/39 | 450000 | 538581 |
|  Bain Capital Credit CLO Ltd. Series 2020-2A, Class CR3<br>0.00% (-3 mo. USD Term SOFR + 1.650%)<sup>(1),(2),(3)</sup> | 07/19/34 | 425000 | 425319 |
|  C-BASS Trust Series 2007-CB5, Class A3<br>2.90% (1 mo. USD Term SOFR + 0.614%)<sup>(1)</sup> | 04/25/37 | 996228 | 597579 |
|  Countrywide Asset-Backed Certificates Trust Series 2005-7, Class MV5<br>4.91% (1 mo. USD Term SOFR + 1.239%)<sup>(1)</sup> | 11/25/35 | 1287909 | &nbsp;&nbsp;&nbsp;&nbsp;1283954 |
|  Credit-Based Asset Servicing & Securitization LLC Series 2006-CB2, Class AF4<br>2.92% | 12/25/36 | 296355 | 242667 |
|  DailyPay Securitization Trust Series 2025-1A, Class A<br>5.63%<sup>(2)</sup> | 06/26/28 | 375000 | 377483 |
|  Edgeconnex Data Centers Issuer LLC Series 2022-1, Class A2<br>4.25%<sup>(2)</sup> | 03/25/52 | 435937 | 427532 |
|  FIGRE Trust Series 2025-FL2, Class A3<br>5.56%<sup>(2)</sup> | 11/25/55 | 509861 | 511912 |
|  FIGRE Trust Series 2025-HE7, Class C<br>5.35%<sup>(2),(4)</sup> | 11/25/55 | 707520 | 708959 |
|  FIGRE Trust Series 2025-HE8, Class C<br>5.46%<sup>(2),(4)</sup> | 11/25/55 | 708584 | 712151 |
|  Hertz Vehicle Financing III LP Series 2021-2A, Class D<br>4.34%<sup>(2)</sup> | 12/27/27 | 250000 | 247258 |
|  LMDV Issuer Co. LLC Series 2025-1A, Class C<br>7.88%<sup>(2)</sup> | 12/15/55 | 300000 | 306059 |
|  Morgan Stanley ABS Capital I, Inc. Trust Series 2005-HE3, Class M5<br>4.82% (1 mo. USD Term SOFR + 1.149%)<sup>(1)</sup> | 07/25/35 | 961731 | 949300 |
|  Neuberger Berman Loan Advisers Lasalle Street Lending CLO I Ltd. Series 2023-1A, Class D1R<br>7.02% (3 mo. USD Term SOFR + 3.350%)<sup>(1),(2)</sup> | 10/25/36 | 300000 | 299720 |
|  Rockford Tower Europe CLO DAC Series 2023-1A, Class BR<br>3.97% (3 mo. EUR EURIBOR + 1.950%)<sup>(1),(2)</sup> | 04/15/37 | 750000 | 892345 |
|  Skyline Aviation, Inc. Class A<br>3.23%<sup>(5)</sup> | 07/03/38 | 1637126 | 1549130 |
|  SLC Student Loan Trust Series 2004-1, Class B<br>4.81% (90 day USD SOFR Average + 0.552%)<sup>(1)</sup> | 08/15/31 | 73166 | 64543 |
|  SLC Student Loan Trust Series 2008-1, Class A4A<br>5.99% (90 day USD SOFR Average + 1.862%)<sup>(1)</sup> | 12/15/32 | 76961 | 77086 |
|  SLM Student Loan Trust Series 2004-2, Class B<br>4.62% (90 day USD SOFR Average + 0.732%)<sup>(1)</sup> | 07/25/39 | 66139 | 63164 |
|  SLM Student Loan Trust Series 2006-8, Class A6<br>4.31% (90 day USD SOFR Average + 0.422%)<sup>(1)</sup> | 01/25/41 | 498736 | 483164 |
|  SLM Student Loan Trust Series 2008-2, Class B<br>5.35% (90 day USD SOFR Average + 1.460%)<sup>(1)</sup> | 01/25/83 | 185000 | 195969 |
|  SLM Student Loan Trust Series 2008-3, Class B<br>5.35% (90 day USD SOFR Average + 1.462%)<sup>(1)</sup> | 04/26/83 | 185000 | 191685 |
|  SLM Student Loan Trust Series 2008-4, Class B<br>6.00% (90 day USD SOFR Average + 2.112%)<sup>(1)</sup> | 04/25/73 | 185000 | 195380 |
|  SLM Student Loan Trust Series 2008-5, Class B<br>6.00% (90 day USD SOFR Average + 2.112%)<sup>(1)</sup> | 07/25/73 | 2235000 | 2363374 |
|  SLM Student Loan Trust Series 2008-6, Class B<br>6.00% (90 day USD SOFR Average + 2.112%)<sup>(1)</sup> | 07/26/83 | 185000 | 191637 |
|  SLM Student Loan Trust Series 2008-7, Class B<br>6.00% (90 day USD SOFR Average + 2.112%)<sup>(1)</sup> | 07/26/83 | 185000 | 184823 |
|  SLM Student Loan Trust Series 2012-7, Class A3<br>4.46% (30 day USD SOFR Average + 0.764%)<sup>(1)</sup> | 05/26/26 | 303269 | 294171 |
|  Structured Receivables Finance LLC Series 2010-A, Class B<br>7.61%<sup>(2)</sup> | 01/16/46 | 152464 | 153602 |
|  Switch ABS Issuer LLC Series 2025-2A, Class B<br>6.24%<sup>(2)</sup> | 10/25/55 | 270000 | 268026 |
|  Unity-Peace Park CLO Ltd. Series 2022-1A, Class CR<br>0.00% (3 mo. USD Term SOFR + 1.650%)<sup>(1),(2),(3)</sup> | 04/20/35 | 450000 | 450495 |
|  Vista Point Securitization Trust Series 2024-CES2, Class A3<br>5.91%<sup>(2)</sup> | 10/25/54 | 640000 | 648032 |
|  Voya CLO Ltd. Series 2014-4A, Class A2RA<br>5.53% (3 mo. USD Term SOFR + 1.862%)<sup>(1),(2)</sup> | 07/14/31 | 1650000 | 1652949 |
|  Voya CLO Ltd. Series 2017-3A, Class AAR2<br>5.27% (3 mo. USD Term SOFR + 1.600%)<sup>(1),(2)</sup> | 04/20/34 | 1500000 | 1501915 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Asset-Backed Securities** (Cost: $22,254,041) |  |  | 22170945 |

---

------

**TCW Core Plus Bond ETF** 

SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **RESIDENTIAL MORTGAGE-BACKED SECURITIES — AGENCY** — **34.2%** |  |  |  |
|  COOPR Residential Mortgage Trust Series 2025-CES3, Class M1<br>5.63%<sup>(2),(4)</sup> | 09/25/60 | $500000 | $502104 |
|  Federal Home Loan Mortgage Corp., Pool #SD8204<br>2.00% | 04/01/52 | 1701893 | 1388465 |
|  Federal Home Loan Mortgage Corp., Pool #SD8219<br>2.50% | 06/01/52 | 1280890 | 1093476 |
|  Federal Home Loan Mortgage Corp., Pool #SD3124<br>2.50% | 04/01/53 | 4518293 | 3857547 |
|  Federal Home Loan Mortgage Corp., Pool #SD8225<br>3.00% | 07/01/52 | 3531822 | 3140672 |
|  Federal Home Loan Mortgage Corp., Pool #C03813<br>3.50% | 04/01/42 | 392494 | 373112 |
|  Federal Home Loan Mortgage Corp., Pool #SD7503<br>3.50% | 08/01/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1864031 | &nbsp;&nbsp;&nbsp;&nbsp;1749471 |
|  Federal Home Loan Mortgage Corp., Pool #SD8244<br>4.00% | 09/01/52 | 1288954 | 1235012 |
|  Federal Home Loan Mortgage Corp., Pool #SD8297<br>4.00% | 02/01/53 | 3367360 | 3224350 |
|  Federal Home Loan Mortgage Corp., Pool #SD5323<br>4.00% | 01/01/54 | 2569505 | 2457803 |
|  Federal Home Loan Mortgage Corp., Pool #SD8257<br>4.50% | 10/01/52 | 627178 | 616790 |
|  Federal Home Loan Mortgage Corp., Pool #SD6706<br>4.50% | 01/01/54 | 1289830 | 1267334 |
|  Federal Home Loan Mortgage Corp., Pool #G08844<br>5.00% | 10/01/48 | 108560 | 110607 |
|  Federal Home Loan Mortgage Corp., Pool #SD8491<br>5.00% | 12/01/54 | 2090697 | 2091051 |
|  Federal Home Loan Mortgage Corp., Pool #G01644<br>5.50% | 02/01/34 | 19979 | 20610 |
|  Federal Home Loan Mortgage Corp., Pool #A25162<br>5.50% | 05/01/34 | 34320 | 35404 |
|  Federal Home Loan Mortgage Corp., Pool #A33262<br>5.50% | 02/01/35 | 14426 | 14992 |
|  Federal Home Loan Mortgage Corp., Pool #A68781<br>5.50% | 10/01/37 | 2185 | 2273 |
|  Federal Home Loan Mortgage Corp., Pool #RQ0013<br>5.50% | 06/01/55 | 476746 | 483559 |
|  Federal Home Loan Mortgage Corp., Pool #G02366<br>6.50% | 10/01/36 | 16681 | 17850 |
|  Federal Home Loan Mortgage Corp., Pool #G01548<br>7.50% | 07/01/32 | 100561 | 108280 |
|  Federal Home Loan Mortgage Corp. REMICS Series 2174, Class PN (PAC)<br>6.00% | 07/15/29 | 5280 | 5405 |
|  Federal Home Loan Mortgage Corp. REMICS Series 3460, Class SA (I/O) (I/F)<br>2.38% (-30 day USD SOFR Average + 6.086%)<sup>(1)</sup> | 06/15/38 | 296511 | 20846 |
|  Federal Home Loan Mortgage Corp. REMICS Series 4030, Class HS (I/O) (I/F)<br>2.79% (-30 day USD SOFR Average + 6.496%)<sup>(1)</sup> | 04/15/42 | 291409 | 30853 |
|  Federal National Mortgage Association, Pool #MA4333<br>2.00% | 05/01/41 | 527220 | 464137 |
|  Federal National Mortgage Association, Pool #MA4547<br>2.00% | 02/01/52 | 2432787 | 1984251 |
|  Federal National Mortgage Association, Pool #MA4562<br>2.00% | 03/01/52 | 5754436 | 4679541 |
|  Federal National Mortgage Association, Pool #FS1598<br>2.00% | 04/01/52 | 1004936 | 819862 |
|  Federal National Mortgage Association, Pool #MA4512<br>2.50% | 01/01/52 | 931681 | 796939 |
|  Federal National Mortgage Association, Pool #MA1527<br>3.00% | 08/01/33 | 7581 | 7361 |
|  Federal National Mortgage Association, Pool #MA1561<br>3.00% | 09/01/33 | 424417 | 412002 |
|  Federal National Mortgage Association, Pool #MA3811<br>3.00% | 10/01/49 | 349787 | 310948 |
|  Federal National Mortgage Association, Pool #FS2646<br>3.00% | 06/01/52 | 2708281 | 2419547 |
|  Federal National Mortgage Association, Pool #MA1608<br>3.50% | 10/01/33 | 369389 | 363301 |
|  Federal National Mortgage Association, Pool #FM2318<br>3.50% | 09/01/49 | 707080 | 663625 |
|  Federal National Mortgage Association, Pool #MA4732<br>4.00% | 09/01/52 | 597593 | 572554 |
|  Federal National Mortgage Association, Pool #AL0209<br>4.50% | 05/01/41 | 124453 | 125235 |
|  Federal National Mortgage Association, Pool #CA1710<br>4.50% | 05/01/48 | 5719 | 5680 |
|  Federal National Mortgage Association, Pool #CA1711<br>4.50% | 05/01/48 | 406331 | 403503 |
|  Federal National Mortgage Association, Pool #CA2208<br>4.50% | 08/01/48 | 5223 | 5186 |
|  Federal National Mortgage Association, Pool #MA3537<br>4.50% | 12/01/48 | 364381 | 361848 |
|  Federal National Mortgage Association, Pool #MA4733<br>4.50% | 09/01/52 | 4976516 | 4895658 |
|  Federal National Mortgage Association, Pool #MA4784<br>4.50% | 10/01/52 | 421591 | 414705 |
|  Federal National Mortgage Association, Pool #FS9508<br>4.50% | 03/01/54 | 532307 | 523023 |
|  Federal National Mortgage Association, Pool #776708<br>5.00% | 05/01/34 | 39641 | 40417 |
|  Federal National Mortgage Association, Pool #890221<br>5.50% | 12/01/33 | 40463 | 41691 |
|  Federal National Mortgage Association, Pool #889184<br>5.50% | 09/01/36 | 30189 | 31106 |
|  Federal National Mortgage Association, Pool #MA5072<br>5.50% | 07/01/53 | 726078 | 738751 |
|  Federal National Mortgage Association, Pool #844773<br>6.00% (1 yr. USD RFUCCT + 1.559%)<sup>(1)</sup> | 12/01/35 | 2197 | 2225 |
|  Federal National Mortgage Association, Pool #764388<br>6.01% (6 mo. USD RFUCCT + 1.383%)<sup>(1)</sup> | 03/01/34 | 5174 | 5199 |
|  Federal National Mortgage Association, Pool #939419<br>6.27% (1 yr. USD RFUCCT + 1.265%)<sup>(1)</sup> | 05/01/37 | 16996 | 17103 |
|  Federal National Mortgage Association, Pool #549740<br>6.50% | 10/01/27 | 416 | 416 |
|  Federal National Mortgage Association, Pool #735861<br>6.50% | 09/01/33 | 17633 | 18482 |
|  Federal National Mortgage Association, Pool #253974<br>7.00% | 08/01/31 | 238 | 252 |
|  Federal National Mortgage Association, Pool #545191<br>7.00% | 09/01/31 | 252 | 267 |
|  Federal National Mortgage Association, Pool #630599<br>7.00% | 05/01/32 | 1241 | 1314 |
|  Federal National Mortgage Association, Pool #655928<br>7.00% | 08/01/32 | 673 | 713 |
|  Federal National Mortgage Association, Pool #735207<br>7.00% | 04/01/34 | 369 | 389 |
|  Federal National Mortgage Association REMICS Series 2001-52, Class YZ (PAC)<br>6.50% | 10/25/31 | 39352 | 41126 |

---

------

---

| |
|:---|
| **TCW Core Plus Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **RESIDENTIAL MORTGAGE-BACKED SECURITIES — AGENCY (Continued)** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — AGENCY (Continued)** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — AGENCY (Continued)** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — AGENCY (Continued)** |
|  Federal National Mortgage Association REMICS Series 2003-124, Class TS (I/F)<br>9.80% (-30 day USD SOFR Average + 99.197%)<sup>(1)</sup> | 01/25/34 | $1267 | $1336 |
|  Federal National Mortgage Association REMICS Series 2007-64, Class FA<br>4.28% (30 day USD SOFR Average + 0.584%)<sup>(1)</sup> | 07/25/37 | 21578 | 21533 |
|  Federal National Mortgage Association REMICS Series 2008-50, Class SA (I/O) (I/F)<br>2.24% (-30 day USD SOFR Average + 5.936%)<sup>(1)</sup> | 11/25/36 | 302666 | 22764 |
|  Federal National Mortgage Association REMICS Series 2018-38, Class PA (PAC)<br>3.50% | 06/25/47 | 1919 | 1897 |
|  Federal National Mortgage Association REMICS Series 2018-43, Class CT<br>3.00% | 06/25/48 | 142752 | 129491 |
|  Federal National Mortgage Association REMICS Series 2018-86, Class JA (PAC)<br>4.00% | 05/25/47 | 54665 | 54573 |
|  Federal National Mortgage Association Trust Series 2003-W6, Class 5T (I/O) (I/F)<br>0.55% (-30 day USD SOFR Average + 8.036%)<sup>(1)</sup> | 09/25/42 | &nbsp;&nbsp;&nbsp;&nbsp;4284521 | 48143 |
|  Government National Mortgage Association, Pool #MA6080<br>3.00% | 08/20/49 | 17406 | 15429 |
|  Government National Mortgage Association, Pool #MA6209<br>3.00% | 10/20/49 | 300258 | 266154 |
|  Government National Mortgage Association, Pool #MA6030<br>3.50% | 07/20/49 | 32970 | 30179 |
|  Government National Mortgage Association, Pool #MA4511<br>4.00% | 06/20/47 | 2473 | 2393 |
|  Government National Mortgage Association, Pool #MA4838<br>4.00% | 11/20/47 | 222814 | 214814 |
|  Government National Mortgage Association, Pool #MA4901<br>4.00% | 12/20/47 | 182556 | 176001 |
|  Government National Mortgage Association, Pool #782810<br>4.50% | 11/15/39 | 237569 | 238836 |
|  Government National Mortgage Association, Pool #MA4588<br>4.50% | 07/20/47 | 87327 | 87171 |
|  Government National Mortgage Association, Pool #MA5399<br>4.50% | 08/20/48 | 220133 | 218720 |
|  Government National Mortgage Association, Pool #MA8347<br>4.50% | 10/20/52 | 1153705 | &nbsp;&nbsp;&nbsp;&nbsp;1138899 |
|  Government National Mortgage Association, Pool #MA9963<br>4.50% | 10/20/54 | 186645 | 182472 |
|  Government National Mortgage Association, Pool #MB0024<br>4.50% | 11/20/54 | 265034 | 259066 |
|  Government National Mortgage Association, Pool #MA4454<br>5.00% | 05/20/47 | 10026 | 10274 |
|  Government National Mortgage Association, Pool #MA4589<br>5.00% | 07/20/47 | 481081 | 493001 |
|  Government National Mortgage Association, Pool #MA5530<br>5.00% | 10/20/48 | 2615 | 2656 |
|  Government National Mortgage Association, Pool #80968<br>5.38% (1 yr. CMT + 1.500%)<sup>(1)</sup> | 07/20/34 | 5533 | 5627 |
|  Government National Mortgage Association, Pool #MA9488<br>5.50% | 02/20/54 | 838095 | 853485 |
|  Government National Mortgage Association, TBA<br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%<sup>(6)</sup> | 11/01/51 | 2950000 | 2555954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%<sup>(6)</sup> | 07/01/55 | 2575000 | 2358990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%<sup>(6)</sup> | 05/01/55 | 1125000 | 1064016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%<sup>(6)</sup> | 08/01/55 | 1300000 | 1269177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%<sup>(6)</sup> | 08/01/55 | 2150000 | 2149070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%<sup>(6)</sup> | 06/01/55 | 825000 | 834009 |
|  Uniform Mortgage-Backed Security, TBA<br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%<sup>(6)</sup> | 11/01/51 | 25000 | 21228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%<sup>(6)</sup> | 01/01/52 | 3875000 | 3584148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%<sup>(6)</sup> | 06/01/55 | 5000000 | 4774198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%<sup>(6)</sup> | 07/01/55 | 2850000 | 2791762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%<sup>(6)</sup> | 08/01/55 | 1525000 | 1524486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%<sup>(6)</sup> | 05/01/55 | 1150000 | 1166094 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Residential Mortgage-Backed Securities — Agency** (Cost: $73,669,639) |  |  | 73584269 |
|  **COMMERCIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY — 3.6%** |  |  |  |
|  ACREC LLC Series 2026-FL4, Class C<br>5.80% (1 mo. USD Term SOFR + 2.000%)<sup>(1),(2)</sup> | 01/18/43 | 380000 | 380713 |
|  ALA Trust Series 2025-OANA, Class C<br>5.77% (1 mo. USD Term SOFR + 2.092%)<sup>(1),(2)</sup> | 06/15/40 | 520000 | 524853 |
|  BAMLL Commercial Mortgage Securities Trust Series 2018-PARK, Class A<br>4.09%<sup>(2),(4)</sup> | 08/10/38 | 1095000 | 1074841 |
|  DBC Mortgage Trust Series 2025-DBC, Class C<br>5.73% (1 mo. USD Term SOFR + 2.050%)<sup>(1),(2)</sup> | 11/15/42 | 575000 | 576924 |
|  DC Office Trust Series 2019-MTC, Class A<br>2.97%<sup>(2)</sup> | 09/15/45 | 765000 | 697726 |
|  FirstKey Homes Trust Series 2021-SFR2, Class E2<br>2.36%<sup>(2)</sup> | 09/17/38 | 320000 | 313855 |
|  JPMorgan Chase Commercial Mortgage Securities Trust Series 2019-OSB, Class A<br>3.40%<sup>(2)</sup> | 06/05/39 | 740000 | 703235 |
|  MKT Mortgage Trust Series 2020-525M, Class A<br>2.69%<sup>(2)</sup> | 02/12/40 | 520000 | 475491 |
|  NYCT Trust Series 2024-3ELV, Class C<br>6.52% (1 mo. USD Term SOFR + 2.840%)<sup>(1),(2)</sup> | 08/15/29 | 520000 | 521772 |
|  PFP Ltd. Series 2026-13, Class C<br>5.75% (1 mo. USD Term SOFR + 2.000%)<sup>(1),(2)</sup> | 08/18/43 | 430000 | 431363 |
|  Progress Residential Trust Series 2024-SFR2, Class F<br>3.65%<sup>(2),(4)</sup> | 04/17/41 | 450000 | 421842 |
|  Progress Residential Trust Series 2025-SFR1, Class E2<br>3.75%<sup>(2)</sup> | 02/17/42 | 620000 | 576006 |
|  SFAVE Commercial Mortgage Securities Trust Series 2015-5AVE, Class A2B<br>4.14%<sup>(2),(4)</sup> | 01/05/43 | 45000 | 39762 |
|  Velocity Commercial Capital Loan Trust Series 2019-1, Class A<br>3.76%<sup>(2),(4)</sup> | 03/25/49 | 963385 | 932902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Commercial Mortgage-Backed Securities — Non-Agency** (Cost: $7,894,922) |  |  | 7671285 |

---

------

---

| |
|:---|
| **TCW Core Plus Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY** — **5.5%** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY** — **5.5%** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY** — **5.5%** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY** — **5.5%** |
|  Asset-Backed Securities Corp. Home Equity Loan Trust Series 2004-HE9, Class M1<br>4.76% (1 mo. USD Term SOFR + 1.089%)<sup>(1)</sup> | 12/25/34 | $235080 | $222365 |
|  Banc of America Funding Trust Series 2003-2, Class 1A1<br>6.50% | 06/25/32 | 3040 | 3101 |
|  Banc of America Funding Trust Series 2014-R6, Class 2A11<br>4.11%<sup>(2),(4)</sup> | 07/26/36 | 1700000 | 1515295 |
|  Bear Stearns ALT-A Trust Series 2004-12, Class 1M1<br>4.72% (1 mo. USD Term SOFR + 1.044%)<sup>(1)</sup> | 01/25/35 | 47751 | 47817 |
|  C-BASS Trust Series 2007-CB5, Class A1<br>2.90% (1 mo. USD Term SOFR + 0.234%)<sup>(1)</sup> | 04/25/37 | 83839 | 50332 |
|  Chevy Chase Funding LLC Mortgage-Backed Certificates Series 2005-2A, Class A1<br>3.97% (1 mo. USD Term SOFR + 0.294%)<sup>(1),(2)</sup> | 05/25/36 | 22220 | 21568 |
|  CHL Mortgage Pass-Through Trust Series 2004-14, Class 4A1<br>5.44%<sup>(4)</sup> | 08/25/34 | 36884 | 34904 |
|  CIM Trust Series 2021-R3, Class A1A<br>1.95%<sup>(2),(4)</sup> | 06/25/57 | 1313293 | 1231208 |
|  Citigroup Mortgage Loan Trust, Inc. Series 2005-OPT1, Class M1<br>4.42% (1 mo. USD Term SOFR + 0.744%)<sup>(1)</sup> | 02/25/35 | 1283053 | &nbsp;&nbsp;&nbsp;&nbsp;1215746 |
|  Credit Suisse First Boston Mortgage Securities Corp. Series 98-1, Class A4<br>6.49% | 09/25/28 | 9710 | 9702 |
|  Credit-Based Asset Servicing & Securitization LLC Series 2003-CB3, Class AF1<br>3.38% | 12/25/32 | 240347 | 236750 |
|  Cross Mortgage Trust Series 2025-H5, Class A3<br>5.86%<sup>(2)</sup> | 07/25/70 | 1454981 | 1471756 |
|  CSMC Trust Series 2022-ATH2, Class A1<br>4.55%<sup>(2),(4)</sup> | 05/25/67 | 1278126 | 1275030 |
|  Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2021-DNA6, Class B2<br>11.20% (30 day USD SOFR Average + 7.500%)<sup>(1),(2)</sup> | 10/25/41 | 650000 | 677734 |
|  Federal National Mortgage Association Connecticut Avenue Securities Trust Series 2022-R01, Class 1M1<br>4.70% (30 day USD SOFR Average + 1.000%)<sup>(1),(2)</sup> | 12/25/41 | 158031 | 158041 |
|  First Horizon Alternative Mortgage Securities Trust Series 2004-AA3, Class A1<br>4.78%<sup>(4)</sup> | 09/25/34 | 16866 | 17032 |
|  GSR Mortgage Loan Trust Series 2004-9, Class 5A7<br>4.84%<sup>(4)</sup> | 08/25/34 | 221 | 220 |
|  HarborView Mortgage Loan Trust Series 2007-7, Class 2A1A<br>5.79% (1 mo. USD Term SOFR + 2.114%)<sup>(1)</sup> | 10/25/37 | 1065731 | 1009861 |
|  Homeward Opportunities Fund Trust Series 2025-RRTL2, Class A2<br>5.66%<sup>(2)</sup> | 09/25/40 | 640000 | 643897 |
|  IndyMac INDX Mortgage Loan Trust Series 2004-AR7, Class A2<br>4.65% (1 mo. USD Term SOFR + 0.974%)<sup>(1)</sup> | 09/25/34 | 5559 | 4882 |
|  IndyMac INDX Mortgage Loan Trust Series 2004-AR8, Class 2A2A<br>4.59% (1 mo. USD Term SOFR + 0.914%)<sup>(1)</sup> | 11/25/34 | 16065 | 15070 |
|  IndyMac INDX Mortgage Loan Trust Series 2007-AR11, Class 1A1<br>3.29%<sup>(4)</sup> | 06/25/37 | 393651 | 355486 |
|  IndyMac Manufactured Housing Contract Pass-Through Certificates Series 1997-1, Class A3<br>6.61% | 02/25/28 | 16441 | 16500 |
|  IndyMac Manufactured Housing Contract Pass-Through Certificates Series 1997-1, Class A4<br>6.75% | 02/25/28 | 4377 | 4393 |
|  JPMorgan Mortgage Trust Series 2007-A3, Class 3A2<br>4.84%<sup>(4)</sup> | 05/25/37 | 72099 | 62238 |
|  MASTR Adjustable Rate Mortgages Trust Series 2003-6, Class 4A2<br>4.35%<sup>(4)</sup> | 01/25/34 | 19518 | 19070 |
|  MASTR Seasoned Securitization Trust Series 2004-1, Class 4A1<br>6.53%<sup>(4)</sup> | 10/25/32 | 3162 | 3118 |
|  Merrill Lynch First Franklin Mortgage Loan Trust Series 2007-3, Class A2C<br>4.15% (1 mo. USD Term SOFR + 0.474%)<sup>(1)</sup> | 06/25/37 | 110358 | 110964 |
|  Merrill Lynch First Franklin Mortgage Loan Trust Series 2007-3, Class A2D<br>4.29% (1 mo. USD Term SOFR + 0.614%)<sup>(1)</sup> | 06/25/37 | 203938 | 205626 |
|  Mid-State Trust XI Series 11, Class A1<br>4.86% | 07/15/38 | 71435 | 71484 |
|  Morgan Stanley ABS Capital I, Inc. Trust Series 2004-NC7, Class M2<br>4.72% (1 mo. USD Term SOFR + 1.044%)<sup>(1)</sup> | 07/25/34 | 88339 | 94408 |
|  New York Mortgage Trust Series 2005-3, Class A1<br>4.27% (1 mo. USD Term SOFR + 0.594%)<sup>(1)</sup> | 02/25/36 | 92926 | 92888 |
|  Residential Asset Mortgage Products Trust Series 2003-SL1, Class A41<br>8.00% | 04/25/31 | 15201 | 5587 |
|  Residential Asset Mortgage Products Trust Series 2004-SL1, Class A7<br>7.00% | 11/25/31 | 4352 | 3786 |
|  Residential Asset Securitization Trust Series 2004-IP2, Class 2A1<br>3.79%<sup>(4)</sup> | 12/25/34 | 9550 | 8742 |
|  Structured Adjustable Rate Mortgage Loan Trust Series 2004-15, Class A<br>5.95%<sup>(4)</sup> | 10/25/34 | 394363 | 383187 |

---

------

---

| |
|:---|
| **TCW Core Plus Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** |
|  Structured Asset Mortgage Investments II Trust Series 2005-AR1, Class A1<br>4.27% (1 mo. USD Term SOFR + 0.594%)<sup>(1)</sup> | 04/19/35 | $177446 | $174135 |
|  Structured Asset Mortgage Investments II Trust Series 2005-AR8, Class A2<br>5.15% (1 yr. MTA + 1.480%)<sup>(1)</sup> | 02/25/36 | 165950 | 143157 |
|  WaMu Mortgage Pass-Through Certificates Trust Series 2005-AR13, Class A1A3<br>5.35% (1 mo. USD Term SOFR + 1.674%)<sup>(1)</sup> | 10/25/45 | 236395 | 232832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Residential Mortgage-Backed Securities — Non-Agency** (Cost: $11,897,216) |  |  | 11849912 |
|  **CORPORATE BONDS — 26.4%** |  |  |  |
|  **Aerospace/Defense — 0.2%** |  |  |  |
|  TransDigm, Inc.<br>6.75%<sup>(2)</sup> | 01/31/34 | 440000 | 455836 |
|  **Agriculture — 0.5%** |  |  |  |
|  Altria Group, Inc.<br>4.88% | 02/04/28 | 400000 | 407244 |
|  BAT Capital Corp. (United Kingdom)<br>3.56% | 08/15/27 | 145000 | 144120 |
|  BAT International Finance PLC (United Kingdom)<br>1.67% | 03/25/26 | 330000 | 328878 |
|  Imperial Brands Finance PLC (United Kingdom)<br>6.13%<sup>(2)</sup> | 07/27/27 | 235000 | 241683 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;1121925 |
|  **Apparel — 0.1%** |  |  |  |
|  Crocs, Inc.<br>4.13%<sup>(2)</sup> | 08/15/31 | 125000 | 114565 |
|  **Auto Manufacturers — 0.1%** |  |  |  |
|  Volkswagen International Finance NV (Germany)<br>7.88% (9 yr. EUR Swap + 4.783%)<sup>(1),(7),(8)</sup> | 09/06/32 | &nbsp;&nbsp;&nbsp;&nbsp;200000 | 277483 |
|  **Auto Parts & Equipment — 0.1%** |  |  |  |
|  Robert Bosch GmbH (Germany)<br>4.38%<sup>(7)</sup> | 06/02/43 | 100000 | 118158 |
|  ZF North America Capital, Inc. (Germany)<br>7.50%<sup>(2)</sup> | 03/24/31 | 119000 | 122020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Auto Parts & Equipment**  |  |  | 240178 |
|  **Banks — 6.2%** |  |  |  |
|  Bank of America Corp.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.66% (1 day USD SOFR + 0.910%)<sup>(1)</sup> | 03/11/27 | 1775000 | 1770403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55% (1 day USD SOFR + 1.050%)<sup>(1)</sup> | 02/04/28 | 160000 | 157765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.69% (1 day USD SOFR + 1.320%)<sup>(1)</sup> | 04/22/32 | 130000 | 119226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.42% (3 mo. USD Term SOFR + 1.302%)<sup>(1)</sup> | 12/20/28 | 360000 | 356144 |
|  Citibank NA<br>4.91% | 05/29/30 | 180000 | 184784 |
|  Citigroup, Inc.<br>3.52% (3 mo. USD Term SOFR + 1.413%)<sup>(1)</sup> | 10/27/28 | 435000 | 431533 |
|  Goldman Sachs Group, Inc.<br>3.81% (3.814% to 04/23/28 then 3 mo. USD LIBOR + 1.158%)<sup>(1)</sup> | 04/23/29 | 1230000 | 1222817 |
|  HSBC Holdings PLC (United Kingdom)<br>4.76% (1 day USD SOFR + 2.110%)<sup>(1)</sup> | 06/09/28 | 395000 | 398606 |
|  JPMorgan Chase & Co.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.04% (3 mo. USD Term SOFR + 0.695%)<sup>(1)</sup> | 02/04/27 | 2405000 | 2405000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.58% (1 day USD SOFR + 0.885%)<sup>(1)</sup> | 04/22/27 | 1035000 | 1029421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.07% (1 day USD SOFR + 1.015%)<sup>(1)</sup> | 06/01/29 | 30000 | 28695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.01% (3 mo. USD Term SOFR + 1.382%)<sup>(1)</sup> | 04/23/29 | 1055000 | 1054262 |
|  Morgan Stanley<br>2.51% (1 day USD SOFR + 1.200%)<sup>(1)</sup> | 10/20/32 | 290000 | 260301 |
|  Morgan Stanley Bank NA<br>5.02% (1 day USD SOFR + 0.906%)<sup>(1)</sup> | 01/12/29 | 680000 | 692995 |
|  Morgan Stanley Private Bank NA<br>4.20% (1 day USD SOFR + 0.780%)<sup>(1)</sup> | 11/17/28 | 820000 | 822460 |
|  Santander U.K. Group Holdings PLC (United Kingdom)<br>2.47% (1 day USD SOFR + 1.220%)<sup>(1)</sup> | 01/11/28 | 90000 | 88610 |
|  Wells Fargo & Co.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.39% (1 day USD SOFR + 2.100%)<sup>(1)</sup> | 06/02/28 | 1860000 | 1821554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.57% (1 day USD SOFR + 1.740%)<sup>(1)</sup> | 07/25/29 | 395000 | 408774 |
|  |  |  | 13253350 |
|  **Biotechnology — 0.1%** |  |  |  |
|  Genmab AS/Genmab Finance LLC<br>6.25%<sup>(2)</sup> | 12/15/32 | 125000 | 128351 |
|  **Building Materials — 0.1%** |  |  |  |
|  JH North America Holdings, Inc.<br>6.13%<sup>(2)</sup> | 07/31/32 | 223000 | 227808 |
|  **Chemicals — 0.2%** |  |  |  |
|  International Flavors & Fragrances, Inc.<br>2.30%<sup>(2)</sup> | 11/01/30 | 475000 | 429633 |
|  **Commercial Services — 0.3%** |  |  |  |
|  AA Bonds Co. Ltd.<br>5.50%<sup>(7)</sup> | 07/31/50 | 100000 | 136556 |
|  Albion Financing 1 SARL/Aggreko Holdings, Inc. (Luxemburg)<br>7.00%<sup>(2)</sup> | 05/21/30 | 111000 | 115905 |
|  Rollins, Inc.<br>5.25% | 02/24/35 | 200000 | 203074 |
|  VT Topco, Inc.<br>8.50%<sup>(2)</sup> | 08/15/30 | 141000 | 144432 |
|  |  |  | 599967 |
|  **Computers — 0.2%** |  |  |  |
|  Dell International LLC/EMC Corp.<br>4.75% | 04/01/28 | 470000 | 476740 |

---

------

---

| |
|:---|
| **TCW Core Plus Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **Cosmetics/Personal Care — 0.2%** |  |  |  |
|  Edgewell Personal Care Co.<br>4.13%<sup>(2)</sup> | 04/01/29 | $123000 | $118082 |
|  Opal Bidco SAS (France)<br>6.50%<sup>(2)</sup> | 03/31/32 | 112000 | 114417 |
|  Perrigo Finance Unlimited Co.<br>6.13% | 09/30/32 | 119000 | 117183 |
|  |  |  | 349682 |
|  **Diversified Financial Services — 0.6%** |  |  |  |
|  AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland)<br>2.45% | 10/29/26 | 645000 | 637860 |
|  Air Lease Corp.<br>3.63% | 12/01/27 | 205000 | 203272 |
|  Avolon Holdings Funding Ltd. (Ireland)<br>2.53%<sup>(2)</sup> | 11/18/27 | 136000 | 132223 |
|  Jane Street Group/JSG Finance, Inc.<br>6.75%<sup>(2)</sup> | 05/01/33 | 334000 | 347567 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;1320922 |
|  **Electric — 2.2%** |  |  |  |
|  Alliant Energy Corp.<br>5.75% (5 yr. CMT + 2.077%)<sup>(1)</sup> | 04/01/56 | 140000 | 139131 |
|  Alliant Energy Finance LLC<br>3.60%<sup>(2)</sup> | 03/01/32 | 175000 | 164134 |
|  Alpha Generation LLC<br>6.25%<sup>(2)</sup> | 01/15/34 | 115000 | 115888 |
|  American Electric Power Co., Inc.<br>6.05% (5 yr. CMT + 1.940%)<sup>(1)</sup> | 03/15/56 | 460000 | 457102 |
|  Appalachian Power Co.<br>3.30% | 06/01/27 | 410000 | 406642 |
|  Ausgrid Finance Pty. Ltd.<br>5.95%<sup>(7)</sup> | 12/10/35 | 100000 | 69825 |
|  CenterPoint Energy, Inc.<br>5.95% (5 yr. CMT + 2.223%)<sup>(1)</sup> | 04/01/56 | 265000 | 267144 |
|  Dominion Energy, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00% (5 yr. CMT + 2.262%)<sup>(1)</sup> | 02/15/56 | 140000 | 141372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20% (5 yr. CMT + 2.006%)<sup>(1)</sup> | 02/15/56 | 380000 | 381672 |
|  Duke Energy Corp.<br>2.65% | 09/01/26 | 30000 | 29787 |
|  Electricite de France SA |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%<sup>(7)</sup> | 12/09/49 | 100000 | 71255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%<sup>(7)</sup> | 05/07/45 | 100000 | 116280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%<sup>(7)</sup> | 06/17/44 | &nbsp;&nbsp;&nbsp;&nbsp;200000 | 239054 |
|  Entergy Corp.<br>6.10% (5 yr. CMT + 2.013%)<sup>(1)</sup> | 06/15/56 | 280000 | 280064 |
|  Eversource Energy<br>4.60% | 07/01/27 | 595000 | 599700 |
|  FirstEnergy Pennsylvania Electric Co.<br>5.15%<sup>(2)</sup> | 03/30/26 | 500000 | 501305 |
|  FirstEnergy Transmission LLC<br>2.87%<sup>(2)</sup> | 09/15/28 | 353000 | 342498 |
|  NSW Electricity Networks Finance Pty. Ltd.<br>6.30% (3 mo. AUD Bank Bill Swap + 2.200%)<sup>(1),(7)</sup> | 11/20/55 | 70000 | 48581 |
|  Southwestern Electric Power Co.<br>5.30% | 04/01/33 | 150000 | 153611 |
|  Tennet Netherlands BV<br>4.75%<sup>(7)</sup> | 10/28/42 | 110000 | 141254 |
|  Trans-Allegheny Interstate Line Co.<br>5.00%<sup>(2)</sup> | 01/15/31 | 130000 | 133669 |
|  |  |  | 4799968 |
|  **Electrical Components & Equipment — 0.1%** |  |  |  |
|  Energizer Holdings, Inc.<br>6.00%<sup>(2)</sup> | 09/15/33 | 121000 | 116309 |
|  **Engineering & Construction — 0.0%** |  |  |  |
|  Sydney Airport Finance Co. Pty. Ltd. (Australia)<br>5.90%<sup>(7)</sup> | 04/19/34 | 60000 | 42244 |
|  **Entertainment — 0.4%** |  |  |  |
|  Caesars Entertainment, Inc.<br>6.50%<sup>(2)</sup> | 02/15/32 | 113000 | 115697 |
|  Flutter Treasury DAC (Ireland)<br>5.00%<sup>(2)</sup> | 04/29/29 | 190000 | 231836 |
|  Great Canadian Gaming Corp./Raptor LLC (Canada)<br>8.75%<sup>(2)</sup> | 11/15/29 | 75000 | 76280 |
|  Light & Wonder International, Inc.<br>6.25%<sup>(2)</sup> | 10/01/33 | 116000 | 117720 |
|  Ontario Gaming GTA LP/OTG Co-Issuer, Inc. (Canada)<br>8.00%<sup>(2)</sup> | 08/01/30 | 39000 | 37491 |
|  Rivers Enterprise Lender LLC/Rivers Enterprise Lender Corp.<br>6.25%<sup>(2)</sup> | 10/15/30 | 114000 | 115788 |
|  Voyager Parent LLC<br>9.25%<sup>(2)</sup> | 07/01/32 | 107000 | 113838 |
|  |  |  | 808650 |
|  **Environmental Control — 0.2%** |  |  |  |
|  Luna 2 5 SARL (Luxemburg)<br>5.50%<sup>(7)</sup> | 07/01/32 | 100000 | 120919 |
|  Wrangler Holdco Corp. (Canada)<br>6.63%<sup>(2)</sup> | 04/01/32 | 330000 | 343843 |
|  |  |  | 464762 |
|  **Food — 0.6%** |  |  |  |
|  JBS USA Holding Lux SARL/JBS USA Food Co./JBS Lux Co. SARL<br>6.75% | 03/15/34 | 385000 | 424613 |
|  Pilgrim's Pride Corp.<br>3.50% | 03/01/32 | 510000 | 472316 |
|  Post Holdings, Inc.<br>6.25%<sup>(2)</sup> | 10/15/34 | 343000 | 345871 |
|  |  |  | 1242800 |
|  **Gas — 0.1%** |  |  |  |
|  AmeriGas Partners LP/AmeriGas Finance Corp.<br>9.38%<sup>(2)</sup> | 06/01/28 | 50000 | 51733 |
|  Redexis SA (Spain)<br>4.38%<sup>(7)</sup> | 05/30/31 | 100000 | 122160 |
|  |  |  | 173893 |
|  **Health Care-Products — 0.5%** |  |  |  |
|  Alcon Finance Corp.<br>2.75%<sup>(2)</sup> | 09/23/26 | 450000 | 446503 |
|  Medline Borrower LP |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%<sup>(2)</sup> | 04/01/29 | 185000 | 181139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%<sup>(2)</sup> | 10/01/29 | 346000 | 346720 |
|  Sartorius Finance BV (Germany)<br>4.50%<sup>(7)</sup> | 09/14/32 | 100000 | 124598 |
|  |  |  | 1098960 |

---

------

---

| |
|:---|
| **TCW Core Plus Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **Health Care-Services — 2.2%** |  |  |  |
|  Baylor Scott & White Holdings<br>2.65% | 11/15/26 | $1530000 | $1504755 |
|  Centene Corp.<br>3.00% | 10/15/30 | 655000 | 586611 |
|  Cigna Group<br>5.25% | 01/15/36 | 430000 | 435960 |
|  Elevance Health, Inc.<br>5.00% | 01/15/36 | 400000 | 396760 |
|  HCA, Inc.<br>2.38% | 07/15/31 | 200000 | 179182 |
|  Humana, Inc.<br>5.55% | 05/01/35 | 430000 | 431320 |
|  IQVIA, Inc.<br>5.70% | 05/15/28 | 475000 | 489806 |
|  Kedrion SpA (Italy)<br>6.50%<sup>(2)</sup> | 09/01/29 | 188000 | 185898 |
|  ModivCare, Inc.<br>0.00%<sup>(9),(2),(10)</sup> | 10/01/29 | 877800 | 13167 |
|  Tenet Healthcare Corp.<br>5.50%<sup>(2)</sup> | 11/15/32 | 339000 | 342753 |
|  UnitedHealth Group, Inc.<br>5.63% | 07/15/54 | 250000 | 243477 |
|  |  |  | 4809689 |
|  **Housewares — 0.1%** |  |  |  |
|  Central Garden & Pet Co.<br>4.13%<sup>(2)</sup> | 04/30/31 | 248000 | 234437 |
|  **Insurance — 0.9%** |  |  |  |
|  Farmers Exchange Capital<br>7.05%<sup>(2)</sup> | 07/15/28 | 1245000 | 1303316 |
|  Trinity Acquisition PLC<br>4.40% | 03/15/26 | 535000 | 535385 |
|  |  |  | 1838701 |
|  **Internet — 0.4%** |  |  |  |
|  Getty Images, Inc.<br>10.50%<sup>(2)</sup> | 11/15/30 | 45000 | 45597 |
|  Meta Platforms, Inc.<br>5.63% | 11/15/55 | 750000 | 713085 |
|  Snap, Inc.<br>6.88%<sup>(2)</sup> | 03/01/33 | 165000 | 169416 |
|  |  |  | 928098 |
|  **Investment Companies — 0.1%** |  |  |  |
|  Icahn Enterprises LP/Icahn Enterprises Finance Corp.<br>9.00% | 06/15/30 | 299000 | 291926 |
|  **Lodging — 0.6%** |  |  |  |
|  Hyatt Hotels Corp.<br>5.05% | 03/30/28 | 520000 | 529994 |
|  Las Vegas Sands Corp.<br>6.00% | 06/14/30 | 335000 | 349633 |
|  Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.<br>5.25%<sup>(2)</sup> | 05/15/27 | 346000 | 348142 |
|  |  |  | 1227769 |
|  **Machinery-Diversified — 0.0%** |  |  |  |
|  Oregon Tool Lux LP<br>7.88%<sup>(2)</sup> | 10/15/29 | 3127 | 714 |
|  **Media — 0.8%** |  |  |  |
|  CCO Holdings LLC/CCO Holdings Capital Corp.<br>4.25%<sup>(2)</sup> | 01/15/34 | 296000 | 250226 |
|  Charter Communications Operating LLC/Charter Communications Operating Capital<br>2.80% | 04/01/31 | 620000 | 559296 |
|  CSC Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%<sup>(2)</sup> | 01/15/30 | 59000 | 23186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.75%<sup>(2)</sup> | 01/31/29 | 460000 | 336495 |
|  Sirius XM Radio LLC<br>3.88%<sup>(2)</sup> | 09/01/31 | 255000 | 233157 |
|  Virgin Media O2 Vendor Financing Notes VI DAC (Ireland)<br>8.50%<sup>(2)</sup> | 03/15/33 | 20000 | 19860 |
|  Virgin Media Secured Finance PLC (United Kingdom)<br>5.50%<sup>(2)</sup> | 05/15/29 | 219000 | 216302 |
|  VZ Secured Financing BV (Netherlands)<br>5.00%<sup>(2)</sup> | 01/15/32 | 208000 | 188126 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;1826648 |
|  **Mining — 0.1%** |  |  |  |
|  Corp. Nacional del Cobre de Chile<br>5.95%<sup>(7)</sup> | 01/08/34 | 300000 | 313401 |
|  **Miscellaneous Manufacturers — 0.1%** |  |  |  |
|  Dyno Nobel Ltd. (Australia) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40% | 11/08/32 | 80000 | 54629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.82% | 08/08/35 | 90000 | 61541 |
|  |  |  | 116170 |
|  **Oil & Gas — 0.2%** |  |  |  |
|  Ecopetrol SA<br>8.88% | 01/13/33 | 190000 | 204227 |
|  Sunoco LP<br>7.88% (5 yr. CMT + 4.230%)<sup>(1),(2),(8)</sup> | 09/18/30 | 125000 | 129040 |
|  Transocean International Ltd.<br>8.75%<sup>(2)</sup> | 02/15/30 | 162750 | 169797 |
|  |  |  | 503064 |
|  **Packaging & Containers — 1.1%** |  |  |  |
|  Amcor Finance USA, Inc.<br>3.63% | 04/28/26 | 1450000 | 1448593 |
|  Ardagh Group SA<br>9.50%<sup>(2)</sup> | 12/01/30 | 30000 | 32461 |
|  Ball Corp.<br>5.50% | 09/15/33 | 226000 | 230014 |
|  Berry Global, Inc.<br>4.88%<sup>(2)</sup> | 07/15/26 | 491000 | 491246 |
|  Graphic Packaging International LLC<br>6.38%<sup>(2)</sup> | 07/15/32 | 210000 | 212486 |
|  |  |  | 2414800 |
|  **Pharmaceuticals — 0.6%** |  |  |  |
|  1261229 BC Ltd.<br>10.00%<sup>(2)</sup> | 04/15/32 | 304000 | 312320 |
|  CVS Health Corp.<br>5.30% | 06/01/33 | 472000 | 484079 |
|  Teva Pharmaceutical Finance Netherlands III BV (Israel)<br>6.00% | 12/01/32 | 431000 | 451990 |
|  |  |  | 1248389 |
|  **Pipelines — 0.5%** |  |  |  |
|  Energy Transfer LP<br>7.13% (3 mo. USD Term SOFR + 3.279%)<sup>(1)</sup> | 11/01/66 | 347000 | 348124 |
|  Global Partners LP/GLP Finance Corp.<br>7.13%<sup>(2)</sup> | 07/01/33 | 112000 | 114843 |
|  NGL Energy Operating LLC/NGL Energy Finance Corp.<br>8.13%<sup>(2)</sup> | 02/15/29 | 113000 | 117351 |

---

------

---

| |
|:---|
| **TCW Core Plus Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **Pipelines (Continued)** |  |  |  |
|  Venture Global LNG, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00% (5 yr. CMT + 5.440%)<sup>(1),(2),(8)</sup> | 09/30/29 | $245000 | $215950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.88%<sup>(2)</sup> | 02/01/32 | 40000 | 42362 |
|  Venture Global Plaquemines LNG LLC<br>6.75%<sup>(2)</sup> | 01/15/36 | 190000 | 199327 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;1037957 |
|  **Real Estate — 0.1%** |  |  |  |
|  LEG Immobilien SE (Germany)<br>0.88%<sup>(7)</sup> | 03/30/33 | &nbsp;&nbsp;&nbsp;&nbsp;200000 | 193693 |
|  Vonovia SE (Germany)<br>5.72%<sup>(7)</sup> | 09/03/35 | 180000 | 121542 |
|  |  |  | 315235 |
|  **REIT — 1.7%** |  |  |  |
|  American Tower Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60% | 01/15/28 | 360000 | 357163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70% | 12/15/32 | 100000 | 100128 |
|  Crown Castle, Inc. (REIT)<br>2.50% | 07/15/31 | 333000 | 298355 |
|  CubeSmart LP<br>4.38% | 02/15/29 | 423000 | 424755 |
|  Extra Space Storage LP<br>3.90% | 04/01/29 | 385000 | 380919 |
|  GLP Capital LP/GLP Financing II, Inc.<br>5.75% | 06/01/28 | 240000 | 246094 |
|  Healthcare Realty Holdings LP |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50% | 08/01/26 | 225000 | 224109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63% | 01/15/28 | 211000 | 208913 |
|  Host Hotels & Resorts LP |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38% | 12/15/29 | 358000 | 344682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70% | 06/15/32 | 75000 | 78301 |
|  Hudson Pacific Properties LP |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95% | 11/01/27 | 220000 | 211365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65% | 04/01/29 | 24000 | 22023 |
|  Kilroy Realty LP (REIT)<br>4.25% | 08/15/29 | 221000 | 217201 |
|  LXP Industrial Trust<br>6.75% | 11/15/28 | 105000 | 111101 |
|  RHP Hotel Properties LP / RHP Finance Corp. (REIT)<br>7.25%<sup>(2)</sup> | 07/15/28 | 110000 | 113384 |
|  VICI Properties LP/VICI Notes Co., Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%<sup>(2)</sup> | 02/15/29 | 90000 | 88443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%<sup>(2)</sup> | 02/01/27 | 200000 | 202118 |
|  |  |  | 3629054 |
|  **Retail — 0.5%** |  |  |  |
|  BCPE Flavor Debt Merger Sub LLC & BCPE Flavor Issuer, Inc.<br>9.50%<sup>(2)</sup> | 07/01/32 | 300000 | 286305 |
|  Ferrellgas LP/Ferrellgas Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%<sup>(2)</sup> | 04/01/29 | 204000 | 196340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%<sup>(2)</sup> | 01/15/31 | 25000 | 25841 |
|  Michaels Cos., Inc.<br>5.25%<sup>(2)</sup> | 05/01/28 | 238000 | 235768 |
|  Murphy Oil USA, Inc.<br>3.75%<sup>(2)</sup> | 02/15/31 | 123000 | 115558 |
|  QXO Building Products, Inc.<br>6.75%<sup>(2)</sup> | 04/30/32 | 111000 | 114578 |
|  Suburban Propane Partners LP/Suburban Energy Finance Corp.<br>6.50%<sup>(2)</sup> | 12/15/35 | 110000 | 109521 |
|  |  |  | 1083911 |
|  **Semiconductors — 0.2%** |  |  |  |
|  Foundry JV Holdco LLC<br>5.50%<sup>(2)</sup> | 01/25/31 | 350000 | 362852 |
|  **Software — 0.8%** |  |  |  |
|  Cloud Software Group, Inc.<br>8.25%<sup>(2)</sup> | 06/30/32 | 108000 | 109985 |
|  Fiserv, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25% | 08/11/35 | 300000 | 298047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45% | 03/15/34 | 135000 | 136581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63% | 08/21/33 | 100000 | 102852 |
|  Open Text Corp. (Canada)<br>6.90%<sup>(2)</sup> | 12/01/27 | 380000 | 392605 |
|  Oracle Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80% | 11/15/37 | 80000 | 64470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80% | 08/03/28 | 100000 | 100706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20% | 09/26/35 | 510000 | 486310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88% | 09/26/45 | 20000 | 17984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95% | 09/26/55 | 10000 | 8820 |
|  |  |  | 1718360 |
|  **Telecommunications — 1.7%** |  |  |  |
|  Altice Financing SA (Luxembourg)<br>9.63%<sup>(2)</sup> | 07/15/27 | 148000 | 114718 |
|  Altice France SA |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%<sup>(2)</sup> | 04/15/32 | 5541 | 5419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%<sup>(2)</sup> | 07/15/32 | 22000 | 21494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.50%<sup>(2)</sup> | 11/01/29 | 4133 | 4250 |
|  EchoStar Corp.<br>10.75% | 11/30/29 | 201000 | 220491 |
|  Frontier Communications Holdings LLC<br>8.63%<sup>(2)</sup> | 03/15/31 | 432000 | 452205 |
|  Global Switch Finance BV (United Kingdom)<br>1.38%<sup>(7)</sup> | 10/07/30 | 925000 | 1034356 |
|  Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC<br>5.15%<sup>(2)</sup> | 09/20/29 | 803250 | 808929 |
|  T-Mobile USA, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25% | 02/15/26 | 700000 | 699608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95% | 11/15/35 | 355000 | 351464 |
|  |  |  | 3712934 |
|  **Transportation — 0.2%** |  |  |  |
|  Aurizon Network Pty. Ltd. (Australia)<br>2.90%<sup>(7)</sup> | 09/02/30 | 310000 | 192123 |
|  Pacific National Finance Pty. Ltd. (Australia)<br>3.70% | 09/24/29 | 290000 | 185861 |
|  |  |  | 377984 |
|  **Trucking & Leasing — 0.1%** |  |  |  |
|  SMBC Aviation Capital Finance DAC (Ireland) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%<sup>(2)</sup> | 04/01/30 | 110000 | 112463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%<sup>(2)</sup> | 04/03/29 | 165000 | 169579 |
|  |  |  | 282042 |
|  **Water — 0.4%** |  |  |  |
|  DWR Cymru Financing U.K. PLC<br>2.38%<sup>(7)</sup> | 03/31/34 | 100000 | 105382 |
|  Severn Trent Utilities Finance PLC (United Kingdom)<br>3.88%<sup>(7)</sup> | 08/04/37 | 175000 | 204779 |
|  Suez SACA (France)<br>2.88%<sup>(7)</sup> | 05/24/34 | 300000 | 333255 |

---

------

---

| |
|:---|
| **TCW Core Plus Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Principal<br>Amount** | **Value** |
|  **Water (Continued)** |  |  |  |  |
|  Yorkshire Water Finance PLC (United Kingdom)<br>6.38%<sup>(7)</sup> | 11/18/34 | GBP | 135000 | $191322 |
|  |  |  |  | 834738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Corporate Bonds** (Cost: $56,678,940) |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;56852899 |
|  **MUNICIPAL BONDS — 0.6%** |  |  |  |  |
|  Commonwealth of Massachusetts, Revenue Bonds<br>4.11% | 07/15/31 |  | 397228 | 397125 |
|  County of Miami-Dade Aviation Revenue, Revenue Bonds<br>3.50% | 10/01/31 |  | 245000 | 234097 |
|  New York City Transitional Finance Authority Future Tax Secured Revenue, Revenue Bonds, Series F-3 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13% | 02/01/35 |  | 3000 | 3143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15% | 02/01/36 |  | 3000 | 3081 |
|  New York State Dormitory Authority, Revenue Bonds |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95% | 03/15/29 |  | 590000 | 558994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50% | 03/15/30 |  | 53822 | 54807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Municipal Bonds** (Cost: $1,298,878) |  |  |  | 1251247 |
|  **FOREIGN GOVERNMENT BONDS — 1.8%** |  |  |  |  |
|  Angola Government International Bonds<br>8.75%<sup>(2)</sup> | 04/14/32 |  | 115000 | 112682 |
|  Brazil Government International Bonds<br>6.63% | 03/15/35 |  | 614000 | 631972 |
|  Colombia Government International Bonds<br>7.75% | 11/07/36 |  | 200000 | 210036 |
|  Mexico Government International Bonds<br>6.35% | 02/09/35 |  | 550000 | 572242 |
|  New South Wales Treasury Corp. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%<sup>(7)</sup> | 02/20/37 | AUD | 685000 | 451695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%<sup>(7)</sup> | 02/24/38 | AUD | 255000 | 173682 |
|  Queensland Treasury Corp. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%<sup>(7)</sup> | 07/21/37 | AUD | 685000 | 457209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%<sup>(7)</sup> | 08/13/38 | AUD | 410000 | 276896 |
|  Republic of South Africa Government International Bonds<br>5.88% | 04/20/32 |  | 267000 | 273926 |
|  Romania Government International Bonds<br>6.38%<sup>(7)</sup> | 01/30/34 |  | 562000 | 584469 |
|  Treasury Corp. of Victoria<br>2.00% | 11/20/37 | AUD | 305000 | 147054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Government Bonds** (Cost: $3,764,938) |  |  |  | 3891863 |
|  **U.S. TREASURY SECURITIES — 16.0%** |  |  |  |  |
|  U.S. Treasury Bonds<br>4.63% | 11/15/55 |  | 7149000 | 6849077 |
|  U.S. Treasury Notes |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50% | 01/31/28 |  | 7270000 | 7265456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75% | 01/31/31 |  | 2576000 | 2569711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00% | 01/31/33 |  | 11405000 | 11386066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00% | 11/15/35 |  | 6354000 | 6224438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total U.S. Treasury Securities** (Cost: $34,485,841) |  |  |  | 34294748 |
|  **BANK LOANS — 7.3%** |  |  |  |  |
|  **Advertising — 0.2%** |  |  |  |  |
|  Advantage Sales & Marketing, Inc. 2024 Term Loan<br>8.16% (3 mo. USD Term SOFR + 4.250%)<sup>(1)</sup> | 10/28/27 |  | 177378 | 150525 |
|  Outfront Media Capital LLC 2025 Term Loan B<br>5.67% (1 mo. USD Term SOFR + 2.000%)<sup>(1)</sup> | 09/24/32 |  | 150000 | 150891 |
|  Research Now Group, Inc. 2024 First Lien First Out Term Loan<br>9.14% (3 mo. USD Term SOFR + 5.000%)<sup>(1)</sup> | 07/15/28 |  | 15435 | 15358 |
|  |  |  |  | 316774 |
|  **Aerospace & Defense — 0.1%** |  |  |  |  |
|  HDI Aerospace Intermediate Holding III Corp. Term Loan B<br>7.40% (3 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 02/11/32 |  | 129524 | 130414 |
|  TransDigm, Inc. 2023 Term Loan J<br>6.17% (1 mo. USD Term SOFR + 2.500%)<sup>(1)</sup> | 02/28/31 |  | 36386 | 36411 |
|  TransDigm, Inc. 2025 Term Loan K<br>5.92% (1 mo. USD Term SOFR + 2.250%)<sup>(1)</sup> | 03/22/30 |  | 22247 | 22253 |
|  TransDigm, Inc. 2025 Term Loan M<br>6.17% (1 mo. USD Term SOFR + 2.500%)<sup>(1)</sup> | 08/19/32 |  | 38267 | 38281 |
|  |  |  |  | 227359 |
|  **Apparel — 0.1%** |  |  |  |  |
|  ABG Intermediate Holdings 2 LLC 2024 1st Lien Term Loan B<br>5.92% (1 mo. USD Term SOFR + 2.250%)<sup>(1)</sup> | 12/21/28 |  | 142940 | 143038 |
|  **Banks — 0.0%** |  |  |  |  |
|  Chrysaor Bidco SARL 2025 USD Term Loan B<br>0.00%<sup>(11)</sup> | 10/30/31 |  | 99750 | 100299 |
|  **Beverages — 0.1%** |  |  |  |  |
|  Celsius Holdings, Inc. 2025 Term Loan B<br>6.17% (3 mo. USD Term SOFR + 2.500%)<sup>(1)</sup> | 04/01/32 |  | 34171 | 34427 |
|  Naked Juice LLC 2025 FLFO Term Loan<br>9.17% (3 mo. USD Term SOFR + 5.500%)<sup>(1)</sup> | 01/24/29 |  | 246778 | 246043 |
|  Naked Juice LLC 2025 FLSO Term Loan<br>7.02% (3 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 01/24/29 |  | 31608 | 20439 |
|  Primo Brands Corp. 2025 Term Loan B<br>5.92% (3 mo. USD Term SOFR + 2.250%)<sup>(1)</sup> | 03/31/28 |  | 11338 | 11355 |
|  |  |  |  | 312264 |
|  **Chemicals — 0.0%** |  |  |  |  |
|  Nouryon Finance BV 2024 USD Term Loan B2<br>6.92% (3 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 04/03/28 |  | 99748 | 99795 |
|  **Commercial Services — 0.5%** |  |  |  |  |
|  CCRR Parent, Inc. Term Loan B<br>8.33% (3 mo. USD Term SOFR + 4.250%)<sup>(1)</sup> | 03/06/28 |  | 18025 | 4648 |
|  CCRR Parent, Inc. US Acquisition Facility<br>8.17% (3 mo. USD Term SOFR + 4.250%)<sup>(1)</sup> | 03/06/28 |  | 50823 | 13066 |

---

------

---

| |
|:---|
| **TCW Core Plus Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Issues** | **Maturity**<br>**Date** | **Principal**<br>**Amount** | **Principal**<br>**Amount** | **Value** | **Value** |
|  **Commercial Services (Continued)** |  |  |  |  |  |
|  Element Materials Technology Group U.S. Holdings, Inc. 2022 USD Term Loan<br>7.35% (3 mo. USD Term SOFR + 3.675%)<sup>(1)</sup> | 07/06/29 | $| 30592 | $| 30758 |
|  Ensemble RCM LLC 2026 Term Loan B<br>0.00%<sup>(11)</sup> | 01/28/33 |  | 107002 |  | 106066 |
|  Fugue Finance BV 2025 Repriced Term Loan<br>0.00%<sup>(1),(11)</sup> | 01/09/32 |  | 83914 |  | 83495 |
|  Kelso Industries LLC Term Loan<br>9.57% (3 mo. USD Term SOFR + 5.750%)<sup>(1)</sup> | 12/30/29 |  | 86130 |  | 86560 |
|  KUEHG Corp. 2025 Term Loan<br>6.42% (3 mo. USD Term SOFR + 2.750%)<sup>(1)</sup> | 06/12/30 |  | 8562 |  | 8094 |
|  Lernen Bidco Ltd. 2025 USD Term Loan B3<br>0.00%<sup>(11),(1)</sup> | 10/27/31 |  | 100000 |  | 100209 |
|  Lernen Bidco Ltd. 2025 USD Term Loan B3B<br>0.00%<sup>(11)</sup> | 10/27/31 |  | 100000 |  | 100209 |
|  Nuvei Technologies Corp. 2025 Repriced Term Loan B<br>6.17% (1 mo. USD Term SOFR + 2.500%)<sup>(1)</sup> | 11/17/31 |  | 149624 |  | 148635 |
|  Priority Holdings LLC 2025 Term Loan B<br>7.42% (1 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 07/30/32 |  | 150000 |  | 147525 |
|  Prometric Holdings, Inc. 2025 Term Loan B<br>7.42% (1 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 06/25/32 |  | 99750 |  | 100041 |
|  Raven Acquisition Holdings LLC Term Loan B<br>6.67% (1 mo. USD Term SOFR + 3.000%) | 11/19/31 |  | 139601 |  | 138397 |
|  TTF Holdings LLC 2024 Term Loan<br>7.79% (6 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 07/18/31 |  | 78798 |  | 59886 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;1127589 |
|  **Computers — 0.4%** | **Computers — 0.4%** | **Computers — 0.4%** | **Computers — 0.4%** | **Computers — 0.4%** | **Computers — 0.4%** |
|  McAfee LLC 2024 USD 1st Lien Term Loan B<br>6.67% (1 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 03/01/29 |  | 69995 |  | 62208 |
|  NCR Atleos LLC 2025 Term Loan B<br>6.70% (3 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 04/16/29 |  | 100000 |  | 99000 |
|  Nielsen Consumer, Inc. 2025 USD 1st Lien Term Loan<br>5.92% (1 mo. USD Term SOFR + 2.250%)<sup>(1)</sup> | 10/31/30 |  | 149624 |  | 148689 |
|  Peraton Corp. Term Loan B<br>7.52% (3 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 02/01/28 |  | 66610 |  | 61656 |
|  Ping Identity Corp. 2025 Term Loan<br>6.62% (3 mo. USD Term SOFR + 2.750%)<sup>(1)</sup> | 11/15/32 |  | 100000 |  | 99375 |
|  Surf Holdings LLC 2025 Incremental Term Loan<br>7.29% (1 mo. USD Term SOFR + 3.500%)<sup>(1)</sup> | 03/05/27 |  | 149604 |  | 148548 |
|  Tempo Acquisition LLC 2025 Repriced Term Loan B<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 08/31/28 |  | 248744 |  | 228983 |
|  X Corp. Term Loan<br>0.00% <sup>(11)</sup> | 10/26/29 |  | 66451 |  | 66444 |
|  |  |  |  |  | 914903 |
|  **Cosmetics/Personal Care — 0.1%** | **Cosmetics/Personal Care — 0.1%** | **Cosmetics/Personal Care — 0.1%** | **Cosmetics/Personal Care — 0.1%** | **Cosmetics/Personal Care — 0.1%** | **Cosmetics/Personal Care — 0.1%** |
|  ACP Tara Holdings, Inc. 2025 Term Loan B<br>6.97% (3 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 12/15/32 |  | 100000 |  | 100625 |
|  Opal Bidco SAS USD Term Loan B4<br>6.69% (3 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 04/28/32 |  | 13006 |  | 13021 |
|  |  |  |  |  | 113646 |
|  **Distribution & Wholesale — 0.1%** | **Distribution & Wholesale — 0.1%** | **Distribution & Wholesale — 0.1%** | **Distribution & Wholesale — 0.1%** | **Distribution & Wholesale — 0.1%** | **Distribution & Wholesale — 0.1%** |
|  BCPE Empire Holdings, Inc. 2025 Term Loan B<br>6.92% (1 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 12/11/30 |  | 70482 |  | 70240 |
|  Gloves Buyer, Inc. 2025 Term Loan<br>7.67% (1 mo. USD Term SOFR + 4.000%)<sup>(1)</sup> | 05/21/32 |  | 99750 |  | 99397 |
|  |  |  |  |  | 169637 |
|  **Diversified Financial Services — 0.4%** | **Diversified Financial Services — 0.4%** | **Diversified Financial Services — 0.4%** | **Diversified Financial Services — 0.4%** | **Diversified Financial Services — 0.4%** | **Diversified Financial Services — 0.4%** |
|  Avolon TLB Borrower 1 U.S. LLC 2023 Term Loan B6<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 06/24/30 |  | 443369 |  | 445747 |
|  Blackhawk Network Holdings, Inc. 2025 Term Loan B<br>7.67% (3 mo. USD Term SOFR + 4.000%)<sup>(1)</sup> | 03/12/29 |  | 47427 |  | 47536 |
|  Jane Street Group LLC 2024 Term Loan B1<br>5.82% (3 mo. USD Term SOFR + 2.000%)<sup>(1)</sup> | 12/15/31 |  | 163539 |  | 162558 |
|  Orion Advisor Solutions, Inc. 2025 Repriced Term Loan<br>6.92% (3 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 09/24/30 |  | 99749 |  | 99656 |
|  |  |  |  |  | 755497 |
|  **Electric — 0.1%** | **Electric — 0.1%** | **Electric — 0.1%** | **Electric — 0.1%** | **Electric — 0.1%** | **Electric — 0.1%** |
|  Alpha Generation LLC Term Loan B<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 09/30/31 |  | 59329 |  | 59340 |
|  Cornerstone Generation LLC Term Loan B<br>6.92% (3 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 08/11/32 |  | 22083 |  | 22281 |
|  Potomac Energy Center LLC 2025 Term Loan<br>6.67% (3 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 08/05/32 |  | 23326 |  | 23482 |
|  South Field LLC 2025 1st Lien Term Loan B<br>6.67% (3 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 08/29/31 |  | 25334 |  | 25514 |

---

------

---

| |
|:---|
| **TCW Core Plus Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Issues** | **Maturity**<br>**Date** | **Principal**<br>**Amount** | **Principal**<br>**Amount** | **Value** | **Value** |
|  **Electric (Continued)** | **Electric (Continued)** | **Electric (Continued)** | **Electric (Continued)** | **Electric (Continued)** | **Electric (Continued)** |
|  South Field LLC 2025 1st Lien Term Loan C<br>6.67% (3 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 08/29/31 | $| 1531 | $| 1542 |
|  Vistra Operations Co. LLC 1st Lien Term Loan B3<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 12/20/30 |  | 151474 |  | 151888 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;284047 |
|  **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** | **Electrical Components & Equipment — 0.0%** |
|  Pelican Products, Inc. 2021 Term Loan<br>8.18% (3 mo. USD Term SOFR + 4.250%)<sup>(1)</sup> | 12/29/28 |  | 71483 |  | 67135 |
|  **Electronics — 0.1%** | **Electronics — 0.1%** | **Electronics — 0.1%** | **Electronics — 0.1%** | **Electronics — 0.1%** | **Electronics — 0.1%** |
|  Lsf12 Crown U.S. Commercial Bidco LLC 2026 Term Loan B<br>6.68% (1 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 12/02/31 |  | 97396 |  | 97700 |
|  TCP Sunbelt Acquisition Co. 2024 Term Loan B<br>8.07% (3 mo. USD Term SOFR + 4.250%)<sup>(1)</sup> | 10/24/31 |  | 94050 |  | 94462 |
|  |  |  |  |  | 192162 |
|  **Entertainment — 0.5%** | **Entertainment — 0.5%** | **Entertainment — 0.5%** | **Entertainment — 0.5%** | **Entertainment — 0.5%** | **Entertainment — 0.5%** |
|  Allwyn Entertainment Financing U.S. LLC 2025 1st Lien Term Loan B<br>0.00%<sup>(11)</sup> | 11/24/32 |  | 100000 |  | 98281 |
|  Churchill Downs, Inc. 2021 Incremental Term Loan B1<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 03/17/28 |  | 99738 |  | 99957 |
|  City Football Group Ltd. 2024 Term Loan<br>6.93% (3 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 07/22/30 |  | 99747 |  | 99591 |
|  DK Crown Holdings, Inc. 2025 Term Loan B<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 03/04/32 |  | 129396 |  | 129659 |
|  EOC Borrower LLC Term Loan A<br>7.42% (1 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 03/24/28 |  | 13859 |  | 13868 |
|  Flutter Financing BV 2024 Term Loan B<br>5.42% (3 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 11/30/30 |  | 87157 |  | 87179 |
|  Great Canadian Gaming Corp. 2024 Term Loan B<br>8.44% (3 mo. USD Term SOFR + 4.750%)<sup>(1)</sup> | 11/01/29 |  | 100000 |  | 98063 |
|  GVC Holdings Gibraltar Ltd. 2025 Term Loan B6 (2029)<br>5.92% (3 mo. USD Term SOFR + 2.250%)<sup>(1)</sup> | 10/31/29 |  | 29605 |  | 29617 |
|  PENN Entertainment, Inc. 2022 Term Loan B<br>6.17% (1 mo. USD Term SOFR + 2.500%)<sup>(1)</sup> | 05/03/29 |  | 121122 |  | 121241 |
|  Showtime Acquisition LLC 2024 1st Lien Term Loan<br>8.63% (3 mo. USD Term SOFR + 4.750%)<sup>(1)</sup> | 08/16/31 |  | 64230 |  | 63909 |
|  Voyager Parent LLC Repriced Term Loan B<br>7.91% (3 mo. USD Term SOFR + 4.250%)<sup>(1)</sup> | 07/01/32 |  | 162474 |  | 162484 |
|  |  |  |  |  | 1003849 |
|  **Environmental Control — 0.1%** | **Environmental Control — 0.1%** | **Environmental Control — 0.1%** | **Environmental Control — 0.1%** | **Environmental Control — 0.1%** | **Environmental Control — 0.1%** |
|  Action Environmental Group, Inc. 2023 Term Loan B<br>6.92% (3 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 10/24/30 |  | 10714 |  | 10721 |
|  MIP V Waste Holdings LLC 2025 Term Loan B<br>6.42% (3 mo. USD Term SOFR + 2.750%)<sup>(1)</sup> | 08/20/32 |  | 149624 |  | 149998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Environmental Control** (Cost: $161,595) |  |  |  |  | 160719 |
|  **Food — 0.2%** | **Food — 0.2%** | **Food — 0.2%** | **Food — 0.2%** | **Food — 0.2%** | **Food — 0.2%** |
|  BCPE North Star U.S. HoldCo 2, Inc. Term Loan<br>7.79% (1 mo. USD Term SOFR + 4.000%)<sup>(1)</sup> | 06/09/28 |  | 152836 |  | 152756 |
|  C&S Wholesale Grocers, Inc. Term Loan B<br>8.67% (3 mo. USD Term SOFR + 5.000%)<sup>(1)</sup> | 09/20/30 |  | 80294 |  | 79592 |
|  United Natural Foods, Inc. 2024 Term Loan<br>8.42% (1 mo. USD Term SOFR + 4.750%)<sup>(1)</sup> | 05/01/31 |  | 178668 |  | 180045 |
|  Upfield BV 2025 USD Term Loan B12<br>0.00%<sup>(1),(11)</sup> | 12/31/27 |  | 99749 |  | 99001 |
|  |  |  |  |  | 511394 |
|  **Health Care-products — 0.1%** | **Health Care-products — 0.1%** | **Health Care-products — 0.1%** | **Health Care-products — 0.1%** | **Health Care-products — 0.1%** | **Health Care-products — 0.1%** |
|  Antylia Scientific Term Loan<br>7.66% (3 mo. USD Term SOFR + 4.000%)<sup>(1)</sup> | 05/27/32 |  | 41239 |  | 41018 |
|  Hologic, Inc. 2026 USD Term Loan B<br>0.00%<sup>(11)</sup> | 01/14/33 |  | 83140 |  | 82636 |
|  QuidelOrtho Corp. Term Loan<br>7.67% (1 mo. USD Term SOFR + 4.000%)<sup>(1)</sup> | 08/20/32 |  | 34577 |  | 34452 |
|  |  |  |  |  | 158106 |
|  **Health Care-services — 0.2%** | **Health Care-services — 0.2%** | **Health Care-services — 0.2%** | **Health Care-services — 0.2%** | **Health Care-services — 0.2%** | **Health Care-services — 0.2%** |
|  Heartland Dental LLC 2025 Term Loan<br>7.42% (1 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 08/25/32 |  | 39852 |  | 39910 |
|  IQVIA, Inc. 2025 Incremental Term Loan B5<br>5.42% (3 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 01/02/31 |  | 118326 |  | 118918 |
|  Modivcare Buyer LLC Super Senior Term Loan<br>10.00% (3 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 12/29/30 |  | 35000 |  | 35117 |
|  ModivCare Buyer LLC Takeback Term Loan<br>8.69% (3 mo. USD Term SOFR + 5.000%)<sup>(1)</sup> | 12/30/32 |  | 142920 |  | 134362 |
|  Pediatric Associates Holding Co. LLC 2021 Term Loan B<br>7.18% (3 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 12/29/28 |  | 25651 |  | 25035 |

---

------

---

| |
|:---|
| **TCW Core Plus Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Principal<br>Amount** | **Value** | **Value** |
|  **Health Care-services (Continued)** | **Health Care-services (Continued)** | **Health Care-services (Continued)** | **Health Care-services (Continued)** | **Health Care-services (Continued)** | **Health Care-services (Continued)** |
|  Star Parent, Inc. Term Loan B<br>7.67% (3 mo. USD Term SOFR + 4.000%)<sup>(1)</sup> | 09/27/30 | $| 116998 | $| 117207 |
|  |  |  |  |  | 470549 |
|  **Holding Companies - Diversified — 0.1%** |  |  |  |  |  |
|  GC Ferry Acquisition I, Inc. Term Loan<br>7.17% (3 mo. USD Term SOFR + 3.500%)<sup>(1)</sup> | 08/16/32 |  | 102543 |  | 101886 |
|  **Home Furnishings — 0.0%** |  |  |  |  |  |
|  AI Aqua Merger Sub, Inc. 2024 1st Lien Term Loan B<br>6.85% (3 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 07/31/28 |  | 45581 |  | 45649 |
|  **Household Products/wares — 0.1%** |  |  |  |  |  |
|  Lavender Dutch BorrowerCo BV USD Term Loan<br>6.93% (3 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 12/30/32 |  | 100000 |  | 100458 |
|  **Insurance — 0.1%** | **Insurance — 0.1%** | **Insurance — 0.1%** | **Insurance — 0.1%** | **Insurance — 0.1%** | **Insurance — 0.1%** |
|  AmWINS Group, Inc. 2026 Term Loan B<br>5.67% (1 mo. USD Term SOFR + 2.000%)<sup>(1)</sup> | 01/30/32 |  | 127714 |  | 127631 |
|  Asurion LLC 2021 Second Lien Term Loan B4<br>9.04% (1 mo. USD Term SOFR + 5.250%)<sup>(1)</sup> | 01/20/29 |  | 14215 |  | 14233 |
|  |  |  |  |  | 141864 |
|  **Internet — 0.4%** |  |  |  |  |  |
|  Arches Buyer, Inc. 2021 Term Loan B<br>7.02% (1 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 12/06/27 |  | 150478 |  | 150250 |
|  Barracuda Networks, Inc. 2022 Term Loan<br>8.17% (3 mo. USD Term SOFR + 4.500%)<sup>(1)</sup> | 08/15/29 |  | 28005 |  | 21818 |
|  Delivery Hero SE 2024 USD Term Loan B<br>8.84% (3 mo. USD Term SOFR + 5.000%)<sup>(1)</sup> | 12/12/29 |  | 101986 |  | 102241 |
|  Magnite, Inc. 2025 Repriced Term Loan B<br>6.67% (1 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 02/06/31 |  | 105341 |  | 104902 |
|  MH Sub I LLC 2023 Term Loan<br>7.92% (1 mo. USD Term SOFR + 4.250%)<sup>(1)</sup> | 05/03/28 |  | 46455 |  | 42307 |
|  MH Sub I LLC 2024 Term Loan B4<br>7.92% (1 mo. USD Term SOFR + 4.250%)<sup>(1)</sup> | 12/31/31 |  | 72847 |  | 59891 |
|  Plano HoldCo, Inc. Term Loan B<br>7.17% (3 mo. USD Term SOFR + 3.500%)<sup>(1)</sup> | 10/02/31 |  | 99250 |  | 94288 |
|  PUG LLC 2024 Extended Term Loan B<br>8.42% (1 mo. USD Term SOFR + 4.750%)<sup>(1)</sup> | 03/15/30 |  | 94067 |  | 93979 |
|  Red Ventures LLC 2024 Term Loan B<br>6.42% (1 mo. USD Term SOFR + 2.750%)<sup>(1)</sup> | 03/04/30 |  | 47432 |  | 42956 |
|  TripAdvisor, Inc. Term Loan<br>6.42% (1 mo. USD Term SOFR + 2.750%)<sup>(1)</sup> | 07/08/31 |  | 37338 |  | 36370 |
|  WatchGuard Technologies, Inc. Term Loan<br>8.92% (1 mo. USD Term SOFR + 5.250%)<sup>(1)</sup> | 07/02/29 |  | 99742 |  | 99867 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;848869 |
|  **Investment Companies — 0.0%** |  |  |  |  |  |
|  FinCo I LLC 2025 Repriced Term Loan B<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 06/27/29 |  | 100000 |  | 100081 |
|  **Leisure Time — 0.0%** |  |  |  |  |  |
|  MajorDrive Holdings IV LLC Term Loan B<br>7.93% (3 mo. USD Term SOFR + 4.000%)<sup>(1)</sup> | 06/01/28 |  | 5116 |  | 4886 |
|  Sabre GLBL, Inc. 2024 Term Loan B1<br>9.77% (1 mo. USD Term SOFR + 6.000%)<sup>(1)</sup> | 11/15/29 |  | 15085 |  | 12002 |
|  |  |  |  |  | 16888 |
|  **Lodging — 0.3%** | **Lodging — 0.3%** | **Lodging — 0.3%** | **Lodging — 0.3%** | **Lodging — 0.3%** | **Lodging — 0.3%** |
|  Hilton Domestic Operating Co., Inc. 2023 Term Loan B4<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 11/08/30 |  | 343841 |  | 345990 |
|  Station Casinos LLC 2024 Term Loan B<br>5.67% (1 mo. USD Term SOFR + 2.000%)<sup>(1)</sup> | 03/14/31 |  | 122422 |  | 122675 |
|  Wyndham Hotels & Resorts, Inc. 2024 Term Loan<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 05/24/30 |  | 99747 |  | 100102 |
|  |  |  |  |  | 568767 |
|  **Machinery-construction & Mining — 0.0%** | **Machinery-construction & Mining — 0.0%** | **Machinery-construction & Mining — 0.0%** | **Machinery-construction & Mining — 0.0%** | **Machinery-construction & Mining — 0.0%** | **Machinery-construction & Mining — 0.0%** |
|  Terex Corp. 2025 Term Loan<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 10/08/31 |  | 99749 |  | 100144 |
|  |  |  |  |  | 100144 |
|  **Machinery-diversified — 0.0%** | **Machinery-diversified — 0.0%** | **Machinery-diversified — 0.0%** | **Machinery-diversified — 0.0%** | **Machinery-diversified — 0.0%** | **Machinery-diversified — 0.0%** |
|  Oregon Tool, Inc. 2025 1st Lien Term Loan<br>9.23% (3 mo. USD Term SOFR + 5.350%)<sup>(1)</sup> | 10/15/29 |  | 11385 |  | 11609 |
|  Oregon Tool, Inc. 2025 2nd Lien Term Loan<br>8.14% (3 mo. USD Term SOFR + 4.000%)<sup>(1)</sup> | 10/15/29 |  | 38180 |  | 25008 |
|  |  |  |  |  | 36617 |
|  **Media — 0.5%** | **Media — 0.5%** | **Media — 0.5%** | **Media — 0.5%** | **Media — 0.5%** | **Media — 0.5%** |
|  Charter Communications Operating LLC 2024 Term Loan B5<br>5.91% (3 mo. USD Term SOFR + 2.250%)<sup>(1)</sup> | 12/15/31 |  | 887194 |  | 887096 |

---

------

---

| |
|:---|
| **TCW Core Plus Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **Media (Continued)** | **Media (Continued)** | **Media (Continued)** | **Media (Continued)** |
|  Virgin Media Bristol LLC 2023 USD Term Loan Y<br>7.05% (6 mo. USD Term SOFR + 3.175%)<sup>(1)</sup> | 03/31/31 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147703 |
|  Ziggo Financing Partnership 2025 Term Loan B<br>7.03% (6 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 01/15/33 | 118685 | 117449 |
|  |  |  | 1152248 |
|  **Miscellaneous Manufacturers — 0.1%** |  |  |  |
|  Cleanova U.S. Holdings LLC 2025 Term Loan B<br>8.48% (3 mo. USD Term SOFR + 4.750%)<sup>(1)</sup> | 06/14/32 | 175577 | 176455 |
|  **Office/business Equipment — 0.1%** |  |  |  |
|  Xerox Holdings Corp. 2023 Term Loan B<br>7.73% (6 mo. USD Term SOFR + 4.000%)<sup>(1)</sup> | 11/19/29 | 245421 | 191165 |
|  **Packaging & Containers — 0.0%** |  |  |  |
|  Balcan Innovations, Inc. Term Loan B<br>8.42% (1 mo. USD Term SOFR + 4.750%)<sup>(1)</sup> | 10/18/31 | 44377 | 34282 |
|  BradyPlus Holdings LLC 2025 Term Loan B<br>7.17% (3 mo. USD Term SOFR + 3.500%)<sup>(1)</sup> | 12/29/32 | 46246 | 46053 |
|  |  |  | 80335 |
|  **Pharmaceuticals — 0.1%** |  |  |  |
|  Elanco Animal Health, Inc. 2025 Term Loan B<br>5.45% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 10/31/32 | 100000 | 100137 |
|  Jazz Financing Lux SARL 2024 1st Lien Term Loan B2<br>5.92% (1 mo. USD Term SOFR + 2.250%)<sup>(1)</sup> | 05/05/28 | 45152 | 45334 |
|  |  |  | 145471 |
|  **Pipelines — 0.0%** |  |  |  |
|  ITT Holdings LLC 2025 Repriced Term Loan B<br>0.00%<sup>(11)</sup> | 10/11/30 | 99749 | 99843 |
|  **REIT — 1.1%** |  |  |  |
|  Healthpeak Properties, Inc. 2024 Term Loan A3<br>4.50% (3 mo. USD Term SOFR + 0.850%)<sup>(1)</sup> | 03/01/29 | 565051 | 557988 |
|  Healthpeak Properties, Inc. Term Loan A1<br>4.51% (1 mo. USD Term SOFR + 0.840%)<sup>(1)</sup> | 08/20/27 | 279976 | 277876 |
|  Healthpeak Properties, Inc. Term Loan A2<br>4.51% (1 mo. USD Term SOFR + 0.840%)<sup>(1)</sup> | 02/22/27 | 279976 | 277876 |
|  Invitation Homes Operating Partnership LP 2024 Term Loan<br>4.63% (1 mo. USD Term SOFR + 0.850%)<sup>(1)</sup> | 09/09/28 | 796509 | 796509 |
|  Iron Mountain, Inc. 2022 Term Loan A<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 03/18/30 | 341250 | 338691 |
|  OEG Borrower LLC 2024 Term Loan B<br>7.20% (3 mo. USD Term SOFR + 3.500%)<sup>(1)</sup> | 06/30/31 | 99747 | 100267 |
|  |  |  | 2349207 |
|  **Retail — 0.4%** |  |  |  |
|  1011778 BC Unlimited Liability Co. 2024 Term Loan B6<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 09/20/30 | 114582 | 114467 |
|  BW Gas & Convenience Holdings LLC 2021 Term Loan B<br>7.29% (1 mo. USD Term SOFR + 3.500%)<sup>(1)</sup> | 03/31/28 | 99739 | 99739 |
|  Dave & Buster's, Inc. 2024 1st Lien Term Loan B<br>7.13% (3 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 11/01/31 | 51456 | 46118 |
|  KFC Holding Co. 2021 Term Loan B<br>5.54% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 03/15/28 | 79454 | 79876 |
|  Pacific Bells LLC 2024 Repriced Term Loan B<br>7.42% (3 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 11/13/28 | 99750 | 100207 |
|  Peer Holding III BV 2025 USD Term Loan B5B<br>6.17% (3 mo. USD Term SOFR + 2.500%)<sup>(1)</sup> | 07/01/31 | 95038 | 95145 |
|  QXO, Inc. 2025 Term Loan B<br>5.67% (1 mo. USD Term SOFR + 2.000%)<sup>(1)</sup> | 04/30/32 | 100000 | 100312 |
|  Raising Cane's Restaurants LLC 2025 Term Loan B<br>5.69% (1 mo. USD Term SOFR + 2.000%)<sup>(1)</sup> | 11/03/32 | 143749 | 143570 |
|  Tacala LLC 2025 Repriced Term Loan B<br>6.67% (1 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 01/31/31 | 33899 | 34027 |
|  |  |  | 813461 |
|  **Software — 0.7%** |  |  |  |
|  Boxer Parent Co., Inc. 2025 USD Term Loan B<br>6.82% (3 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 07/30/31 | 99749 | 96258 |
|  Cast & Crew Payroll LLC 2021 Incremental Term Loan<br>7.42% (1 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 12/29/28 | 21202 | 13331 |
|  Cloud Software Group, Inc. 2025 Term Loan B (2031)<br>6.92% (3 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 03/21/31 | 99750 | 97007 |
|  Cloudera, Inc. 2021 Term Loan<br>7.52% (1 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 10/08/28 | 99740 | 86109 |
|  Darktrace PLC 1st Lien Term Loan<br>6.90% (3 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 10/09/31 | 99749 | 97483 |

---

------

---

| |
|:---|
| **TCW Core Plus Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Principal<br>Amount** | **Value** |
|  **Software (Continued)** |  |  |  |  |
|  DTI Holdco, Inc. 2025 Term Loan B<br>7.67% (1 mo. USD Term SOFR + 4.000%)<sup>(1)</sup> | 04/26/29 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115646 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108654 |
|  Genesys Cloud Services Holdings II LLC 2025 USD Term Loan B<br>6.17% (1 mo. USD Term SOFR + 2.500%)<sup>(1)</sup> | 01/30/32 |  | 29687 | 29103 |
|  Open Text Corp. 2023 Term Loan B<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 01/31/30 |  | 138148 | 136344 |
|  Planview Parent, Inc. 2024 1st Lien Term Loan<br>0.00% <sup>(11)</sup> | 12/17/27 |  | 75990 | 67947 |
|  Playtika Holding Corp. 2021 Term Loan B1<br>6.54% (1 mo. USD Term SOFR + 2.750%)<sup>(1)</sup> | 03/13/28 |  | 198438 | 193019 |
|  Project Alpha Intermediate Holding, Inc. 2024 1st Lien Term Loan B<br>6.92% (3 mo. USD Term SOFR + 3.250%) | 10/26/30 |  | 148268 | 138261 |
|  Quartz Acquireco LLC 2025 Term Loan B<br>5.92% (3 mo. USD Term SOFR + 2.250%)<sup>(1)</sup> | 06/28/30 |  | 215592 | 209124 |
|  Renaissance Holding Corp. 2024 1st Lien Term Loan<br>7.67% (3 mo. USD Term SOFR + 4.000%)<sup>(1)</sup> | 04/05/30 |  | 83763 | 71199 |
|  SolarWinds Holdings, Inc. 2025 Term Loan<br>7.70% (3 mo. USD Term SOFR + 4.000%)<sup>(1)</sup> | 04/16/32 |  | 99750 | 92767 |
|  SonarSource Financing LLC Term Loan<br>8.17% (3 mo. USD Term SOFR + 4.500%)<sup>(1)</sup> | 12/19/30 |  | 16623 | 16041 |
|  |  |  |  | 1452647 |
|  **Telecommunications — 0.0%** | **Telecommunications — 0.0%** | **Telecommunications — 0.0%** | **Telecommunications — 0.0%** | **Telecommunications — 0.0%** |
|  GOGO Intermediate Holdings LLC Term Loan B<br>0.00%<sup>(11)</sup> | 04/30/28 |  | 73147 | 65229 |
|  Zayo Group Holdings, Inc. 2025 USD Term Loan<br>6.79% (1 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 03/11/30 |  | 18767 | 18096 |
|  |  |  |  | 83325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Bank Loans** (Cost: $15,803,025) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Bank Loans** (Cost: $15,803,025) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Bank Loans** (Cost: $15,803,025) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Bank Loans** (Cost: $15,803,025) | 15734142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Fixed Income Securities** (Cost: $227,747,440) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Fixed Income Securities** (Cost: $227,747,440) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Fixed Income Securities** (Cost: $227,747,440) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Fixed Income Securities** (Cost: $227,747,440) | 227301310 |
|  **CONVERTIBLE SECURITIES** — **0.2%** | **CONVERTIBLE SECURITIES** — **0.2%** | **CONVERTIBLE SECURITIES** — **0.2%** | **CONVERTIBLE SECURITIES** — **0.2%** | **CONVERTIBLE SECURITIES** — **0.2%** |
|  **CONVERTIBLE CORPORATE BONDS** — **0.2%** | **CONVERTIBLE CORPORATE BONDS** — **0.2%** | **CONVERTIBLE CORPORATE BONDS** — **0.2%** | **CONVERTIBLE CORPORATE BONDS** — **0.2%** | **CONVERTIBLE CORPORATE BONDS** — **0.2%** |
|  **Beverages — 0.1%** |  |  |  |  |
|  Davide Campari-Milano NV (Italy)<br>2.38%<sup>(7)</sup> | 01/17/29 | EUR | 200000 | 232848 |
|  **Commercial Services — 0.1%** |  |  |  |  |
|  Worldline SA (France)<br>0.00%<sup>(7),(12)</sup> | 07/30/26 | EUR | 97818 | 116105 |
|  **Engineering & Construction — 0.0%** |  |  |  |  |
|  Cellnex Telecom SA<br>0.75%<sup>(7)</sup> | 11/20/31 | EUR | 100000 | 107485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Convertible Corporate Bonds** (Cost: $408,567) |  |  |  | 456438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Convertible Securities** (Cost: $408,567) |  |  |  | 456438 |
|  **COMMON STOCK — (0.1%**) | **COMMON STOCK — (0.1%**) | **COMMON STOCK — (0.1%**) | **COMMON STOCK — (0.1%**) | **COMMON STOCK — (0.1%**) |
| **Security** |  | **Shares** | **Shares** |  |
|  **Health Care-Services — 0.1%** |  |  |  |  |
|  ModivCare, Inc.<sup>(13)</sup> |  |  | 30082 | 200542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stock** (Cost: $195,533) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stock** (Cost: $195,533) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stock** (Cost: $195,533) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stock** (Cost: $195,533) | 200542 |
|  **INVESTMENT COMPANIES** — **1.6%** |  |  |  |  |
|  TCW Private Asset Income Fund — I Class<sup>(13),(14)</sup> |  |  | 347821 | 3481693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Investment Companies** (Cost: $3,477,805) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Investment Companies** (Cost: $3,477,805) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Investment Companies** (Cost: $3,477,805) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Investment Companies** (Cost: $3,477,805) | 3481693 |
|  **MONEY MARKET INVESTMENTS** — **13.3%** |  |  |  |  |
|  State Street Institutional U.S. Government Money Market Fund — Premier Class,<br>3.65%<sup>(15)</sup> |  |  | 1050475 | 1050475 |
|  TCW Central Cash Fund, 3.65%<sup>(14),(15)</sup> |  |  | 27458125 | 27458125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Money Market Investments** (Cost: $28,508,600) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Money Market Investments** (Cost: $28,508,600) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Money Market Investments** (Cost: $28,508,600) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Money Market Investments** (Cost: $28,508,600) | 28508600 |
|  **PURCHASED OPTIONS<sup>(16)</sup> (0.0%)** (Cost: $62,514) |  |  |  | 9522 |
|  **Total Investments (120.9%)** (Cost: $260,400,459) | **Total Investments (120.9%)** (Cost: $260,400,459) | **Total Investments (120.9%)** (Cost: $260,400,459) | **Total Investments (120.9%)** (Cost: $260,400,459) | 259958105 |
|  **Net Unrealized Appreciation/depreciation On Unfunded Commitments (0.0%)<sup>(17)</sup>** | **Net Unrealized Appreciation/depreciation On Unfunded Commitments (0.0%)<sup>(17)</sup>** | **Net Unrealized Appreciation/depreciation On Unfunded Commitments (0.0%)<sup>(17)</sup>** | **Net Unrealized Appreciation/depreciation On Unfunded Commitments (0.0%)<sup>(17)</sup>** | (254) |
|  **Liabilities In Excess Of Other Assets (-20.9%)** | **Liabilities In Excess Of Other Assets (-20.9%)** | **Liabilities In Excess Of Other Assets (-20.9%)** | **Liabilities In Excess Of Other Assets (-20.9%)** | (44986365) |
|  **Net Assets (100.0%)** | **Net Assets (100.0%)** | **Net Assets (100.0%)** | **Net Assets (100.0%)** | $214971486 |

---

------

---

| |
|:---|
| **TCW Core Plus Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  **FUTURES CONTRACTS**  | **FUTURES CONTRACTS**  | **FUTURES CONTRACTS**  | **FUTURES CONTRACTS**  | **FUTURES CONTRACTS**  | **FUTURES CONTRACTS**  |
| **Number of<br>Contracts** | **Type** | **Expiration<br>Date** | **Notional<br>Contract<br>Value** | **Value** | **Net<br>Unrealized<br>Appreciation<br>(Depreciation)** |
|  **Long Futures** |  |  |  |  |  |
| 46 | U.S. Long Bond Futures | 03/20/26 | $5342643 | $5295750 | $(46893) |
| 80 | U.S. Ultra Long Bond Futures | 03/20/26 | 9569863 | 9395000 | (174863) |
| 282 | 5-Year U.S. Treasury Note Futures | 03/31/26 | 30824813 | 30718172 | (106641) |
| 64 | 2-Year U.S. Treasury Note Futures | 03/31/26 | 13359737 | 13343500 | (16237) |
| 42 | 10-Year U.S. Treasury Note Futures | 03/20/26 | 4782826 | 4794563 | 11737 |
|  |  |  | $**63879882** | $**63546985** | $**(332897)** |
|  **Short Futures** | **Short Futures** | **Short Futures** | **Short Futures** | **Short Futures** | **Short Futures** |
| 8 | 3-Year Australian Bond Futures | 03/16/26 | $(585732) | $(583710) | $2022 |
| 30 | 10-Year Australian Bond Futures | 03/16/26 | (2287917) | (2280237) | 7680 |
| 1 | 30-Year Euro-Buxl Futures | 03/06/26 | (129818) | (130246) | (428) |
| 19 | Euro Schatz Futures | 03/06/26 | (2406396) | (2407676) | (1280) |
| 7 | Euro-Bobl Futures | 03/06/26 | (964273) | (967565) | (3292) |
| 21 | Euro-Bund Futures | 03/06/26 | (3192743) | (3190451) | 2292 |
| 3 | Long Gilt Futures | 03/27/26 | (373563) | (372944) | 619 |
|  |  |  | $**(9940442)** | $**(9932829)** | $**7613** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  **FORWARD CURRENCY EXCHANGE CONTRACTS** | **FORWARD CURRENCY EXCHANGE CONTRACTS** | **FORWARD CURRENCY EXCHANGE CONTRACTS** | **FORWARD CURRENCY EXCHANGE CONTRACTS** | **FORWARD CURRENCY EXCHANGE CONTRACTS** | **FORWARD CURRENCY EXCHANGE CONTRACTS** | **FORWARD CURRENCY EXCHANGE CONTRACTS** |
| **Counterparty** | **Contracts to<br>Deliver** | **Units of<br>Currency** | **Settlement<br>Date** | **In Exchange<br>for USD** | **Contracts<br>at Value** | **Unrealized<br>Appreciation<br>(Depreciation)** |
|  **BUY<sup>(18)</sup>** |  |  |  |  |  |  |
|  Goldman Sachs & Co. | EUR | 101893 | 04/01/26 | $118945 | $121542 | $2597 |
|  |  |  |  | $118945 | $121542 | $2597 |
|  **SELL<sup>(19)</sup>** |  |  |  |  |  |  |
|  Bank of America | AUD | 3273571 | 04/01/26 | $2197434 | $2292927 | $(95493) |
|  Citibank N.A. | AUD | 100731 | 04/01/26 | 67832 | 70556 | (2724) |
|  Bank of America | EUR | 3897459 | 04/01/26 | 4588054 | 4649046 | (60992) |
|  Barclays Capital | EUR | 90523 | 04/01/26 | 105403 | 107980 | (2577) |
|  JP Morgan Chase Bank | EUR | 101475 | 04/01/26 | 119347 | 121043 | (1696) |
|  Goldman Sachs & Co. | EUR | 383623 | 04/01/26 | 450838 | 457601 | (6763) |
|  JP Morgan Chase Bank | GBP | 140027 | 04/01/26 | 189416 | 192138 | (2722) |
|  Goldman Sachs & Co. | GBP | 78266 | 04/01/26 | 105555 | 107393 | (1838) |
|  Bank of America | GBP | 101129 | 04/01/26 | 139060 | 138764 | 296 |
|  |  |  |  | $7962939 | $8137448 | $(174509) |

---

**SWAPTIONS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Counterparty** | **Exercise<br>Price** | **Expiration<br>Date** | **Number of<br>Contracts** | **Notional<br>Amount** | **Market Value** | **Premiums<br>Paid<br>(Received) by<br>Fund** | **Unrealized<br>Appreciation<br>(Depreciation)** |
|  **Purchased Swaptions — OTC** | **Purchased Swaptions — OTC** |  |  |  |  |  |  |  |
|  2-Year Interest Rate Swap | Morgan Stanley & Co. | 4.00 | 3/31/26 | 13692000 | 13692000 | $108 | $22961 | $(22853) |
|  5-Year Interest Rate Swap | Goldman Sachs International | 4.22 | 3/31/26 | 5717000 | 5717000 | 340 | 25555 | (25215) |
|  5-Year Interest Rate Swap | JP Morgan Chase Bank | 4.11 | 4/30/26 | 4210000 | 4210000 | 1619 | 2947 | (1328) |
|  5-Year Interest Rate Swap | Goldman Sachs & Co. | 4.11 | 4/30/26 | 4210000 | 4210000 | 1619 | 2736 | (1117) |
|  5-Year Interest Rate Swap | JP Morgan Chase Bank | 4.11 | 5/27/26 | 4210000 | 4210000 | 2951 | 4105 | (1154) |

---

------

---

| |
|:---|
| **TCW Core Plus Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Counterparty** | **Exercise<br>Price** | **Expiration<br>Date** | **Number of<br>Contracts** | **Notional<br>Amount** | **Market Value** | **Premiums<br>Paid<br>(Received) by<br>Fund** | **Unrealized<br>Appreciation<br>(Depreciation)** |
|  5-Year Interest Rate Swap | Goldman Sachs & Co. | 4.12 | 5/27/26 | 4210000 | 4210000 | $2885 | $4210 | $(1325) |
|  Total Swaptions |  |  |  |  |  | $9522 | $62514 | $(52992) |

---

---

| | |
|:---|:---|
| **Notes to the Schedule of Investments:** | **Notes to the Schedule of Investments:** |
| ABS | Asset-Backed Securities. |
| AUD | Australian Dollar. |
| CLO | Collateralized Loan Obligation. |
| CMT | Constant Maturity Treasury Index. |
| EUR | Euro Currency. |
| GBP | British Pound Sterling. |
| I/F | Inverse Floating rate security whose interest rate moves in the opposite direction of prevailing interest rates. |
| I/O | Interest Only Security. |
| LIBOR | London Interbank Offered Rate. |
| PAC | Planned Amortization Class. |
| REIT | Real Estate Investment Trust. |
| REMIC | Real Estate Mortgage Investment Conduits. |
| SOFR | Secured Overnight Financing Rate. |
| TBA | To Be Announced. |
| (1) | Floating or variable rate security. The interest shown reflects the rate in effect at January 31, 2026. |
| (2) | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold, normally only to qualified institutional buyers. At January 31, 2026, the value of these securities amounted to $44,466,353 or 20.7% of net assets. These securities are determined to be liquid by the Fund's investment advisor, unless otherwise noted, under procedures established by and under the general supervision of the Company's Board of Directors. |
| (3) | This security is purchased on a when-issued, delayed-delivery or forward commitment basis. |
| (4) | Variable rate security. Interest rate disclosed is as of the most recent information available. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
| (5) | For fair value measurement disclosure purposes, security is categorized as Level 3. Security is valued using significant unobservable inputs. |
| (6) | Security purchased on a forward commitment with an approximate principal amount. The actual principal amount and maturity date will be determined upon settlement when the security is delivered. |
| (7) | Investments issued under Regulation S of the Securities Act of 1933, as amended, may not be offered, sold, or delivered within the United States except under special exemptions. At January 31, 2026, the value of these securities amounted to $6,718,609 or 3.1% of net assets. |
| (8) | Perpetual maturity. |
| (9) | Restricted security (Note10). |
| (10) | Security is currently in default due to bankruptcy or failure to make payment of principal or interest of the issuer. Income is not being accrued. |
| (11) | This position represents an unsettled bank loan at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which will be adjusted on settlement date. |
| (12) | Security is not accruing interest. |
| (13) | Non-income producing security. |
| (14) | Affiliated issuer. |
| (15) | Rate disclosed is the 7-day net yield as of January 31, 2026. |
| (16) | See options table for description of purchased options. |
| (17) | Unfunded or partially unfunded loan commitments. The Portfolio may enter into certain credit agreements for which all or a portion may be unfunded. The Portfolio is obligated to fund these commitments at the borrower's discretion. |
| (18) | Fund buys foreign currency, sells USD. |
| (19) | Fund sells foreign currency, buys USD. |

---

------

---

| |
|:---|
| **TCW Core Plus Bond ETF** |
| SCHEDULE OF INVESTMENTS (Continued) |

---

The summary of the TCW Core Plus Bond ETF transactions in the affiliated funds for the period ended January 31, 2026 is as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name of Affiliated Fund** | **Value at<br>November 1,<br>2025** | **Purchases at<br>Cost** | **Proceeds from<br>Sales** | **Number of<br>Shares Held<br>January 31,<br>2026** | **Value at<br>January 31,<br>2026** | **Dividends and<br>Interest Income<br>Received** | **Distributions<br>Received from<br>Net Realized<br>Gain** | **Net Realized<br>Gain (Loss) on<br>Investments** | **Net change in<br>Unrealized Gain<br>(Loss) on<br>Investments** |
|  TCW Central Cash Fund | $16629548 | $80528577 | $69700000 | 27458125 | $27458125 | $127107 | $– $|  | $— |
|  TCW Private Asset Income Fund — Share Class I | 3399555 | 82056 |  | 347821 | 3481693 | 81619 | – |  | 82 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total |  |  |  |  | $30939818 | $208726 | $– $|  | $82 |

---

------

---

| | |
|:---|:---|
| **TCW Core Plus Bond ETF** |  |
| Fair Valuation Summary (Unaudited) | January 31, 2026 |

---

The following is a summary of the fair valuations according to the inputs used as of January 31, 2026 in valuing the Fund's investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Quoted Prices in<br>Active Markets for<br>Identical Assets<br>(Level 1)** | **Other Significant<br>Observable Inputs<br>(Level 2)** | **Significant<br>Unobservable Inputs<br>(Level 3)** | **Total** |
|  Fixed Income Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential Mortgage-Backed Securities — Agency | $— | $73584269 | $— | $73584269 |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds |  | 56852899 |  | 56852899 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Securities |  | 34294748 |  | 34294748 |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed Securities |  | 20621815 | 1549130 | 22170945 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank Loans |  | 15734142 |  | 15734142 |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential Mortgage-Backed Securities — Non-Agency |  | 11849912 |  | 11849912 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Mortgage-Backed Securities — Non-Agency |  | 7671285 |  | 7671285 |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign Government Bonds |  | 3891863 |  | 3891863 |
| &nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds |  | 1251247 |  | 1251247 |
|  Total Fixed Income Securities |  | 225752180 | 1549130 | 227301310 |
|  Convertible Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Convertible Corporate Bonds |  | 456438 |  | 456438 |
|  Equity Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Money Market Investments | 28508600 |  |  | 28508600 |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Companies |  | 3481693 |  | 3481693 |
| &nbsp;&nbsp;&nbsp;&nbsp; Common Stock |  | 200542 |  | 200542 |
|  Total Equity Securities | 28508600 | 3682235 |  | 32190835 |
|  Swaptions |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Purchased Swaptions — OTC | 9074 | 448 |  | 9522 |
|  Net Unrealized Appreciation (Depreciation) on Unfunded Commitments | $— | $(254) | $— | $(254) |
|  Total Investments | $28517674 | $229891047 | $1549130 | $259957851 |
|  Asset Derivatives |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Currency Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Risk |  | 2893 |  | 2893 |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Risk | 24350 |  |  | 24350 |
|  Total | $28542024 | $229893940 | $1549130 | $259985094 |
|  Liability Derivatives |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Risk | $(349634) | $— | $— | $(349634) |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Currency Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Risk |  | (174805) |  | (174805) |
|  Total | $(349634) | $(174805) | $— | $(524439) |

---

------

---

| |
|:---|
| **TCW Corporate Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Principal<br>Amount** | **Value** | **Value** |
|  **FIXED INCOME SECURITIES — 95.0% of Net Assets** |  |  |  |  |  |
|  **ASSET-BACKED SECURITIES — 0.1%** |  |  |  |  |  |
|  Skyline Aviation, Inc. Class A<br>3.23%<sup>(1)</sup> | 07/03/38 | $| 32031 | $| 30309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Asset-Backed Securities** (Cost: $32,031) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Asset-Backed Securities** (Cost: $32,031) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Asset-Backed Securities** (Cost: $32,031) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Asset-Backed Securities** (Cost: $32,031) |  | 30309 |
|  **RESIDENTIAL MORTGAGE-BACKED SECURITIES — AGENCY — 0.0%** |  |  |  |  |  |
|  Federal National Mortgage Association REMICS Series 2011-116, Class SA (I/O) (I/F)<br>2.19% (-30 day USD SOFR Average + 5.886%)<sup>(2)</sup> | 11/25/41 |  | 16671 |  | 1205 |
|  Federal National Mortgage Association REMICS Series 2012-128, Class UA<br>2.50% | 06/25/42 |  | 6926 |  | 6204 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Residential Mortgage-Backed Securities — Agency** (Cost: $15,173) |  |  |  |  | 7409 |
|  **COMMERCIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY — 0.0%** |  |  |  |  |  |
|  COMM Mortgage Trust Series 2014-UBS5, Class XA (I/O)<br>0.59%<sup>(3)</sup> | 09/10/47 |  | 27997 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Commercial Mortgage-Backed Securities — Non-Agency** (Cost: $14,070) |  |  |  |  |  |
|  **COMMERCIAL MORTGAGE-BACKED SECURITIES — AGENCY — 0.0%** |  |  |  |  |  |
|  Government National Mortgage Association Series 2009-111, Class IO (I/O) 0.00%<sup>(3),(4)</sup> | 09/16/51 |  | 384734 |  | 3911 |
|  Government National Mortgage Association Series 2012-144, Class IO (I/O) 0.35%<sup>(3)</sup> | 01/16/53 |  | 101028 |  | 1172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Commercial Mortgage-Backed Securities — Agency** (Cost: $15,232) |  |  |  |  | 5083 |
|  **CORPORATE BONDS — 83.1%** |  |  |  |  |  |
|  **Aerospace & Defense — 1.8%** | **Aerospace & Defense — 1.8%** | **Aerospace & Defense — 1.8%** | **Aerospace & Defense — 1.8%** | **Aerospace & Defense — 1.8%** | **Aerospace & Defense — 1.8%** |
|  Boeing Co.<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.81% | 05/01/50 |  | 75000 |  | 74077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.93% | 05/01/60 |  | 12000 |  | 11818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.53% | 05/01/34 |  | 58000 |  | 64182 |
|  Lockheed Martin Corp. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80% | 08/15/34 |  | 235000 |  | 237660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20% | 02/15/55 |  | 5000 |  | 4726 |
|  Northrop Grumman Corp. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15% | 05/01/40 |  | 5000 |  | 4994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20% | 06/01/54 |  | 65000 |  | 61257 |
|  RTX Corp.<br>6.40% | 03/15/54 |  | 105000 |  | 115830 |
|  |  |  |  |  | 574544 |
|  **Agriculture — 0.9%** | **Agriculture — 0.9%** | **Agriculture — 0.9%** | **Agriculture — 0.9%** | **Agriculture — 0.9%** | **Agriculture — 0.9%** |
|  Altria Group, Inc. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70% | 02/04/51 |  | 5000 |  | 3533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88% | 02/04/28 |  | 45000 |  | 45815 |
|  BAT Capital Corp. (United Kingdom)<br>4.39% | 08/15/37 |  | 230000 |  | 211133 |
|  Imperial Brands Finance PLC (United Kingdom)<br>4.50%<sup>(5)</sup> | 06/30/28 |  | 30000 |  | 30274 |
|  |  |  |  |  | 290755 |
|  **Airlines — 0.6%** | **Airlines — 0.6%** | **Airlines — 0.6%** | **Airlines — 0.6%** | **Airlines — 0.6%** | **Airlines — 0.6%** |
|  Delta Air Lines Pass-Through Trust Series 2020-1, Class AA<br>2.00% | 12/10/29 |  | 16778 |  | 16201 |
|  JetBlue Pass-Through Trust Series 2019-1, Class AA<br>2.75% | 11/15/33 |  | 39576 |  | 35392 |
|  JetBlue Pass-Through Trust Series 2020-1, Class A<br>4.00% | 05/15/34 |  | 20184 |  | 19277 |
|  United Airlines Pass-Through Trust Series 2016-2, Class AA<br>2.88% | 04/07/30 |  | 6022 |  | 5812 |
|  United Airlines Pass-Through Trust Series 2023-1, Class A<br>5.80% | 07/15/37 |  | 122935 |  | 128630 |
|  |  |  |  |  | 205312 |
|  **Auto Manufacturers — 0.3%** | **Auto Manufacturers — 0.3%** | **Auto Manufacturers — 0.3%** | **Auto Manufacturers — 0.3%** | **Auto Manufacturers — 0.3%** | **Auto Manufacturers — 0.3%** |
|  Volkswagen Group of America Finance LLC (Germany) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%<sup>(5)</sup> | 03/25/32 |  | 17000 |  | 17647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%<sup>(5)</sup> | 03/27/35 |  | 65000 |  | 67234 |
|  |  |  |  |  | 84881 |
|  **Banks — 15.2%** | **Banks — 15.2%** | **Banks — 15.2%** | **Banks — 15.2%** | **Banks — 15.2%** | **Banks — 15.2%** |
|  Bank of America Corp.<br>1.92% (1 day USD SOFR + 1.370%)<sup>(2)</sup> | 10/24/31 |  | 30000 |  | 26846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.09% (1 day USD SOFR + 1.060%)<sup>(2)</sup> | 06/14/29 |  | 55000 |  | 52571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.69% (1 day USD SOFR + 1.320%)<sup>(2)</sup> | 04/22/32 |  | 680000 |  | 623642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.47% (1 day USD SOFR + 1.650%)<sup>(2)</sup> | 01/23/35 |  | 140000 |  | 145277 |
|  Bank of New York Mellon Corp.<br>5.83% (1 day USD SOFR Index + 2.074%)<sup>(2)</sup> | 10/25/33 |  | 235000 |  | 252519 |
|  Citigroup, Inc. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.46% (1 day USD SOFR + 0.770%)<sup>(2)</sup> | 06/09/27 |  | 15000 |  | 14865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.52% (1 day USD SOFR + 1.177%)<sup>(2)</sup> | 11/03/32 |  | 270000 |  | 241758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.57% (1 day USD SOFR + 2.107%)<sup>(2)</sup> | 06/03/31 |  | 50000 |  | 46351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.98% (1 day USD SOFR + 1.422%)<sup>(2)</sup> | 11/05/30 |  | 1000 |  | 954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.33% (1 day USD SOFR + 1.465%)<sup>(2)</sup> | 03/27/36 |  | 135000 |  | 137669 |
|  Goldman Sachs Group, Inc. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.99% (1 day USD SOFR + 1.090%)<sup>(2)</sup> | 01/27/32 |  | 535000 |  | 474861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60% | 02/07/30 |  | 80000 |  | 75125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.02% (1 day USD SOFR + 1.420%)<sup>(2)</sup> | 10/23/35 |  | 50000 |  | 50019 |
|  HSBC Holdings PLC (United Kingdom)<br>2.80% (1 day USD SOFR + 1.187%)<sup>(2)</sup> | 05/24/32 |  | 70000 |  | 64081 |
|  JPMorgan Chase & Co. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.04% (3 mo. USD Term SOFR + 0.695%)<sup>(2)</sup> | 02/04/27 |  | 5000 |  | 5000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95% (1 day USD SOFR + 1.065%)<sup>(2)</sup> | 02/04/32 |  | 95000 |  | 84623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.07% (1 day USD SOFR + 1.015%)<sup>(2)</sup> | 06/01/29 |  | 115000 |  | 109997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55% (1 day USD SOFR + 1.180%)<sup>(2)</sup> | 11/08/32 |  | 600000 |  | 540726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.96% (1 day USD SOFR + 1.260%)<sup>(2)</sup> | 01/25/33 |  | 150000 |  | 137572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90% (3 mo. USD Term SOFR + 1.482%)<sup>(2)</sup> | 01/23/49 |  | 48000 |  | 38185 |
|  Lloyds Banking Group PLC (United Kingdom)<br>1.63% (1 yr. CMT + 0.850%)<sup>(2)</sup> | 05/11/27 |  | 10000 |  | 9935 |

---

------

---

| |
|:---|
| **TCW Corporate Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Principal<br>Amount** | **Value** | **Value** |
|  **Banks (Continued)** | **Banks (Continued)** | **Banks (Continued)** | **Banks (Continued)** | **Banks (Continued)** | **Banks (Continued)** |
|  Morgan Stanley |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.59% (1 day USD SOFR + 0.879%)<sup>(2)</sup> | 05/04/27 | $| 25000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.93% (1 day USD SOFR + 1.020%)<sup>(2)</sup> | 04/28/32 |  | &nbsp;&nbsp;&nbsp;&nbsp;240000 |  | 210955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.24% (1 day USD SOFR + 1.178%)<sup>(2)</sup> | 07/21/32 |  | 305000 |  | 270633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.59% (1 day USD SOFR + 1.418%)<sup>(2)</sup> | 01/18/36 |  | 155000 |  | 161257 |
|  Morgan Stanley Private Bank NA |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20% (1 day USD SOFR + 0.780%)<sup>(2)</sup> | 11/17/28 |  | 15000 |  | 15045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.47% (1 day USD SOFR + 0.770%)<sup>(2)</sup> | 07/06/28 |  | 5000 |  | 5033 |
|  PNC Financial Services Group, Inc. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.22% (1 day USD SOFR + 1.072%)<sup>(2)</sup> | 01/29/31 |  | 105000 |  | 108456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.68% (1 day USD SOFR + 1.902%)<sup>(2)</sup> | 01/22/35 |  | 70000 |  | 73461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88% (1 day USD SOFR + 2.284%)<sup>(2)</sup> | 10/20/34 |  | 35000 |  | 39318 |
|  U.S. Bancorp |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.84% (1 day USD SOFR + 1.600%)<sup>(2)</sup> | 02/01/34 |  | 140000 |  | 140531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.42% (1 day USD SOFR + 1.411%)<sup>(2)</sup> | 02/12/36 |  | 35000 |  | 36220 |
|  Wells Fargo & Co. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.39% (1 day USD SOFR + 2.100%)<sup>(2)</sup> | 06/02/28 |  | 30000 |  | 29380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35% (1 day USD SOFR + 1.500%)<sup>(2)</sup> | 03/02/33 |  | 560000 |  | 522256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.24% (1 day USD SOFR + 1.110%)<sup>(2)</sup> | 01/24/31 |  | 20000 |  | 20669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50% (1 day USD SOFR + 1.780%)<sup>(2)</sup> | 01/23/35 |  | 70000 |  | 72644 |
|  |  |  |  |  | 4863277 |
|  **Beverages — 2.6%** | **Beverages — 2.6%** | **Beverages — 2.6%** | **Beverages — 2.6%** | **Beverages — 2.6%** | **Beverages — 2.6%** |
|  Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. (Belgium)<br>4.90% | 02/01/46 |  | 205000 |  | 189240 |
|  Bacardi Ltd. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%<sup>(5)</sup> | 05/15/28 |  | 50000 |  | 50442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%<sup>(5)</sup> | 05/15/48 |  | 25000 |  | 22397 |
|  Becle SAB de CV (Mexico)<br>2.50%<sup>(5)</sup> | 10/14/31 |  | 90000 |  | 78199 |
|  Coca-Cola Co.<br>4.65% | 08/14/34 |  | 170000 |  | 173053 |
|  Constellation Brands, Inc.<br>2.25% | 08/01/31 |  | 95000 |  | 84550 |
|  Diageo Investment Corp. (United Kingdom)<br>5.63% | 04/15/35 |  | 200000 |  | 210966 |
|  JDE Peet's NV (Netherlands)<br>2.25%<sup>(5)</sup> | 09/24/31 |  | 25000 |  | 21793 |
|  |  |  |  |  | 830640 |
|  **Biotechnology — 1.7%** | **Biotechnology — 1.7%** | **Biotechnology — 1.7%** | **Biotechnology — 1.7%** | **Biotechnology — 1.7%** | **Biotechnology — 1.7%** |
|  Amgen, Inc. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40% | 05/01/45 |  | 5000 |  | 4296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88% | 03/01/53 |  | 10000 |  | 8802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65% | 03/02/53 |  | 195000 |  | 191917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75% | 03/02/63 |  | 10000 |  | 9781 |
|  Biogen, Inc.<br>5.75% | 05/15/35 |  | 65000 |  | 68299 |
|  Gilead Sciences, Inc. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60% | 10/01/40 |  | 80000 |  | 58949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10% | 06/15/35 |  | 90000 |  | 92107 |
|  Illumina, Inc.<br>2.55% | 03/23/31 |  | 20000 |  | 18177 |
|  Royalty Pharma PLC<br>1.75% | 09/02/27 |  | 95000 |  | 91735 |
|  |  |  |  |  | 544063 |
|  **Chemicals — 0.1%** | **Chemicals — 0.1%** | **Chemicals — 0.1%** | **Chemicals — 0.1%** | **Chemicals — 0.1%** | **Chemicals — 0.1%** |
|  International Flavors & Fragrances, Inc.<br>5.00% | 09/26/48 |  | 40000 |  | 35592 |
|  Solvay Finance America LLC (Belgium)<br>5.85%<sup>(5)</sup> | 06/04/34 |  | 10000 |  | 10468 |
|  |  |  |  |  | 46060 |
|  **Commercial Services — 0.7%** | **Commercial Services — 0.7%** | **Commercial Services — 0.7%** | **Commercial Services — 0.7%** | **Commercial Services — 0.7%** | **Commercial Services — 0.7%** |
|  Global Payments, Inc. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45% | 06/01/28 |  | 30000 |  | 30129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30% | 08/15/29 |  | 75000 |  | 76831 |
|  RELX Capital, Inc. (United Kingdom)<br>4.00% | 03/18/29 |  | 10000 |  | 9979 |
|  Rollins, Inc.<br>5.25% | 02/24/35 |  | 105000 |  | 106614 |
|  |  |  |  |  | 223553 |
|  **Computers — 2.1%** | **Computers — 2.1%** | **Computers — 2.1%** | **Computers — 2.1%** | **Computers — 2.1%** | **Computers — 2.1%** |
|  Apple, Inc.<br>2.65% | 02/08/51 |  | 230000 |  | 142168 |
|  Booz Allen Hamilton, Inc.<br>5.95% | 04/15/35 |  | 75000 |  | 77148 |
|  Dell International LLC/EMC Corp. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50% | 02/15/31 |  | 120000 |  | 119695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00% | 04/01/30 |  | 105000 |  | 107476 |
|  Gartner, Inc.<br>4.95% | 03/20/31 |  | 70000 |  | 70342 |
|  International Business Machines Corp.<br>5.20% | 02/10/35 |  | 155000 |  | 158469 |
|  |  |  |  |  | 675298 |
|  **Cosmetics/Personal Care — 0.2%** | **Cosmetics/Personal Care — 0.2%** | **Cosmetics/Personal Care — 0.2%** | **Cosmetics/Personal Care — 0.2%** | **Cosmetics/Personal Care — 0.2%** | **Cosmetics/Personal Care — 0.2%** |
|  Kenvue, Inc.<br>4.90% | 03/22/33 |  | 70000 |  | 71331 |
|  **Diversified Financial Services — 2.3%** | **Diversified Financial Services — 2.3%** | **Diversified Financial Services — 2.3%** | **Diversified Financial Services — 2.3%** | **Diversified Financial Services — 2.3%** | **Diversified Financial Services — 2.3%** |
|  AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00% | 10/29/28 |  | 15000 |  | 14555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30% | 01/30/32 |  | 128000 |  | 118459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88% | 01/23/28 |  | 4000 |  | 3990 |
|  Air Lease Corp.<br>3.63% | 12/01/27 |  | 34000 |  | 33713 |
|  American Express Co. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.92% (1 day USD SOFR + 1.220%)<sup>(2)</sup> | 07/20/33 |  | 65000 |  | 65890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.49% (1 day USD SOFR + 1.940%)<sup>(2)</sup> | 10/30/31 |  | 90000 |  | 98061 |
|  Avolon Holdings Funding Ltd. (Ireland) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.53%<sup>(5)</sup> | 11/18/27 |  | 2000 |  | 1945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%<sup>(5)</sup> | 02/21/28 |  | 10000 |  | 9708 |
|  Blackrock, Inc.<br>3.75% | 07/18/35 | EUR | 100000 |  | 121386 |
|  Capital One Financial Corp. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.27% (1 day USD SOFR + 1.790%)<sup>(2)</sup> | 03/01/30 |  | 10000 |  | 9702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.70% | 11/29/32 |  | 10000 |  | 11035 |
|  LSEGA Financing PLC (United Kingdom)<br>2.00%<sup>(5)</sup> | 04/06/28 |  | 20000 |  | 19176 |
|  Mastercard, Inc.<br>4.55% | 01/15/35 |  | 140000 |  | 139066 |

---

------

---

| |
|:---|
| **TCW Corporate Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **Diversified Financial Services (Continued)** |  |  |  |
|  Raymond James Financial, Inc.<br>3.75% | 04/01/51 | $110000 | $81544 |
|  |  |  | 728230 |
|  **Electric — 9.2%** |  |  |  |
|  AEP Transmission Co. LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75% | 08/15/51 | 240000 | 147919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65% | 04/01/50 | 5000 | 3704 |
|  Alabama Power Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10% | 04/02/35 | 225000 | 230022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50% | 03/15/41 | 9000 | 9043 |
|  Alliant Energy Corp.<br>5.75% (5 yr. CMT + 2.077%)<sup>(2)</sup> | 04/01/56 | 95000 | 94410 |
|  Alliant Energy Finance LLC<br>1.40%<sup>(5)</sup> | 03/15/26 | 60000 | 59781 |
|  American Electric Power Co., Inc.<br>5.80% (5 yr. CMT + 2.128%)<sup>(2)</sup> | 03/15/56 | 95000 | 95041 |
|  Arizona Public Service Co.<br>3.35% | 05/15/50 | 15000 | 10365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35% | 12/15/32 | 110000 | 120055 |
|  Ausgrid Finance Pty. Ltd.<br>5.95%<sup>(6)</sup> | 12/10/35 | &nbsp;&nbsp;&nbsp;&nbsp;20000 | 13965 |
|  Baltimore Gas & Electric Co.<br>2.90% | 06/15/50 | 98000 | 62650 |
|  Black Hills Corp.<br>4.35% | 05/01/33 | 15000 | 14505 |
|  CenterPoint Energy Houston Electric LLC<br>5.15% | 03/01/34 | 130000 | 133145 |
|  CenterPoint Energy, Inc.<br>5.95% (5 yr. CMT + 2.223%)<sup>(2)</sup> | 04/01/56 | 70000 | 70566 |
|  Cleco Power LLC<br>5.30%<sup>(5)</sup> | 01/15/36 | &nbsp;&nbsp;&nbsp;&nbsp;105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105652 |
|  Commonwealth Edison Co.<br>6.45% | 01/15/38 | 5000 | 5575 |
|  Consolidated Edison Co. of New York, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88% | 06/15/47 | 35000 | 27238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15% | 11/15/52 | 30000 | 31526 |
|  Dominion Energy, Inc.<br>6.20% (5 yr. CMT + 2.006%)<sup>(2)</sup> | 02/15/56 | 80000 | 80352 |
|  Duke Energy Carolinas LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75% | 06/01/45 | 70000 | 55200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88% | 03/15/46 | 95000 | 75208 |
|  Duke Energy Progress LLC<br>5.05% | 03/15/35 | 280000 | 283816 |
|  Electricite de France SA<br>2.00%<sup>(6)</sup> | 12/09/49 | 100000 | 71255 |
|  Entergy Corp.<br>6.10% (5 yr. CMT + 2.013%)<sup>(2)</sup> | 06/15/56 | 35000 | 35008 |
|  Evergy Kansas Central, Inc.<br>5.70% | 03/15/53 | 10000 | 9976 |
|  FirstEnergy Transmission LLC<br>5.45%<sup>(5)</sup> | 07/15/44 | 120000 | 115987 |
|  Florida Power & Light Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30% | 06/15/34 | 320000 | 334250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60% | 06/15/54 | 15000 | 15050 |
|  Indianapolis Power & Light Co.<br>5.70%<sup>(5)</sup> | 04/01/54 | 5000 | 4977 |
|  International Transmission Co.<br>4.63% | 08/15/43 | 105000 | 93530 |
|  Interstate Power & Light Co.<br>2.30% | 06/01/30 | 30000 | 27680 |
|  MidAmerican Energy Co.<br>5.85% | 09/15/54 | 55000 | 56460 |
|  Narragansett Electric Co.<br>3.40%<sup>(5)</sup> | 04/09/30 | 10000 | 9637 |
|  NSW Electricity Networks Finance Pty. Ltd.<br>6.30% (3 mo. AUD Bank Bill Swap + 2.200%)<sup>(2),(6)</sup> | 11/20/55 | 20000 | 13880 |
|  Oncor Electric Delivery Co. LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60% | 06/01/52 | 50000 | 42192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%<sup>(5)</sup> | 04/01/35 | 85000 | 87274 |
|  PacifiCorp<br>4.13% | 01/15/49 | 40000 | 30037 |
|  Public Service Co. of Oklahoma<br>5.45% | 01/15/36 | 65000 | 66520 |
|  Tucson Electric Power Co.<br>3.25% | 05/01/51 | 10000 | 6733 |
|  Virginia Electric & Power Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45% | 12/15/50 | 102000 | 58714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80% | 09/15/47 | 10000 | 7680 |
|  Vistra Operations Co. LLC<br>5.70%<sup>(5)</sup> | 12/30/34 | 75000 | 77009 |
|  WEC Energy Group, Inc.<br>5.63% (5 yr. CMT + 1.905%)<sup>(2)</sup> | 05/15/56 | 10000 | 10055 |
|  Xcel Energy, Inc.<br>4.80% | 09/15/41 | 35000 | 32089 |
|  |  |  | 2935731 |
|  **Electronics — 0.5%** |  |  |  |
|  Amphenol Corp.<br>4.63%<sup>(7)</sup> | 02/15/36 | 70000 | 68429 |
|  Hubbell, Inc.<br>4.80%<sup>(7)</sup> | 11/15/35 | 95000 | 94007 |
|  |  |  | 162436 |
|  **Engineering & Construction — 0.1%** |  |  |  |
|  Sydney Airport Finance Co. Pty. Ltd. (Australia) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%<sup>(5)</sup> | 04/28/26 | 5000 | 4991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%<sup>(6)</sup> | 04/19/34 | 40000 | 28163 |
|  |  |  | 33154 |
|  **Entertainment — 0.2%** |  |  |  |
|  Flutter Treasury DAC (Ireland)<br>5.88%<sup>(5)</sup> | 06/04/31 | 65000 | 66084 |
|  **Environmental Control — 0.2%** |  |  |  |
|  Waste Management, Inc.<br>4.95% | 03/15/35 | 75000 | 75952 |
|  **Food — 1.0%** |  |  |  |
|  JBS USA Holding Lux SARL/JBS USA Food Co./JBS Lux Co. Sarl |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38% | 02/02/52 | 67000 | 52322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75% | 04/01/33 | 65000 | 67810 |
|  Kraft Heinz Foods Co.<br>4.63% | 10/01/39 | 10000 | 9045 |
|  Pilgrim's Pride Corp.<br>3.50% | 03/01/32 | 130000 | 120394 |
|  Smithfield Foods, Inc.<br>2.63%<sup>(5)</sup> | 09/13/31 | 75000 | 66506 |
|  |  |  | 316077 |
|  **Gas — 1.3%** |  |  |  |
|  Boston Gas Co.<br>3.76%<sup>(5)</sup> | 03/16/32 | 80000 | 76032 |
|  KeySpan Gas East Corp.<br>3.59%<sup>(5)</sup> | 01/18/52 | 25000 | 16782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.82%<sup>(5)</sup> | 04/01/41 | 40000 | 40383 |

---

------

---

| |
|:---|
| **TCW Corporate Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **Gas (Continued)** |  |  |  |
|  NiSource, Inc.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40% | 06/30/33 | $140000 | $144861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75% (5 yr. CMT + 2.035%)<sup>(2)</sup> | 07/15/56 | 40000 | 40273 |
|  Northwest Natural Holding Co.<br>7.00% (5 yr. CMT + 2.701%)<sup>(2)</sup> | 09/15/55 | 60000 | 62842 |
|  Southern Co. Gas Capital Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40% | 06/01/43 | 10000 | 8616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88% | 03/15/41 | 15000 | 15499 |
|  |  |  | 405288 |
|  **Health Care-Products — 3.3%** |  |  |  |
|  Alcon Finance Corp.<br>2.60%<sup>(5)</sup> | 05/27/30 | 140000 | 130504 |
|  Baxter International, Inc.<br>3.95% | 04/01/30 | 110000 | 107548 |
|  GE HealthCare Technologies, Inc.<br>5.86% | 03/15/30 | 175000 | 184782 |
|  Medline Borrower LP<br>3.88%<sup>(5)</sup> | 04/01/29 | 160000 | 156661 |
|  Revvity, Inc.<br>2.55% | 03/15/31 | 25000 | 22709 |
|  Smith & Nephew PLC (United Kingdom)<br>2.03% | 10/14/30 | 30000 | 26999 |
|  STERIS Irish FinCo UnLtd Co.<br>2.70% | 03/15/31 | 15000 | 13861 |
|  Stryker Corp.<br>4.70% | 02/10/28 | 150000 | 152358 |
|  Thermo Fisher Scientific, Inc.<br>5.09% | 08/10/33 | 170000 | 175787 |
|  VSP Optical Group, Inc.<br>5.45%<sup>(5)</sup> | 12/01/35 | 75000 | 75252 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;1046461 |
|  **Health Care-Services — 4.7%** |  |  |  |
|  Barnabas Health, Inc.<br>4.00% | 07/01/28 | 5000 | 4984 |
|  Centene Corp.<br>3.00% | 10/15/30 | 123000 | 110157 |
|  Children's Hospital Medical Center<br>2.82% | 11/15/50 | 20000 | 12440 |
|  Cigna Group |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25% | 01/15/36 | 120000 | 121663 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40% | 03/15/33 | 85000 | 88385 |
|  CommonSpirit Health<br>2.78% | 10/01/30 | 15000 | 13973 |
|  Elevance Health, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00% | 01/15/36 | 120000 | 119028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20% | 02/15/35 | 120000 | 121775 |
|  HCA, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50% | 07/15/51 | 100000 | 67858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25% | 06/15/49 | 40000 | 36225 |
|  Health Care Service Corp. A Mutual Legal Reserve Co.<br>5.45%<sup>(5)</sup> | 06/15/34 | 70000 | 71350 |
|  Humana, Inc.<br>5.38% | 04/15/31 | 160000 | 163970 |
|  IQVIA, Inc.<br>6.25% | 02/01/29 | 10000 | 10528 |
|  Mass General Brigham, Inc.<br>3.34% | 07/01/60 | 10000 | 6564 |
|  Sharp HealthCare<br>2.68% | 08/01/50 | 50000 | 30931 |
|  UnitedHealth Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70% | 08/15/49 | 10000 | 7379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25% | 04/15/47 | 15000 | 12295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15% | 07/15/34 | 395000 | 403066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63% | 07/15/54 | 60000 | 58435 |
|  Universal Health Services, Inc.<br>1.65% | 09/01/26 | 40000 | 39421 |
|  West Virginia United Health System Obligated Group<br>3.13% | 06/01/50 | 35000 | 22511 |
|  |  |  | 1522938 |
|  **Insurance — 3.3%** |  |  |  |
|  Allstate Corp.<br>3.85% | 08/10/49 | 20000 | 15187 |
|  Aon Corp./Aon Global Holdings PLC<br>3.90% | 02/28/52 | 115000 | 86295 |
|  Arthur J Gallagher & Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05% | 03/09/52 | 15000 | 9454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50% | 02/15/34 | 85000 | 93565 |
|  Athene Global Funding |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.61%<sup>(5)</sup> | 06/29/26 | 15000 | 14846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.99%<sup>(5)</sup> | 08/19/28 | 10000 | 9435 |
|  Farmers Insurance Exchange<br>4.75% (3 mo. USD LIBOR + 3.231%)<sup>(2),(5)</sup> | 11/01/57 | 35000 | 29455 |
|  Guardian Life Insurance Co. of America<br>3.70%<sup>(5)</sup> | 01/22/70 | 45000 | 30154 |
|  Metropolitan Life Global Funding I<br>3.30%<sup>(5)</sup> | 03/21/29 | 230000 | 224540 |
|  MMI Capital Trust I<br>7.63% | 12/15/27 | 25000 | 26396 |
|  New York Life Global Funding<br>4.55%<sup>(5)</sup> | 01/28/33 | 340000 | 337994 |
|  NLG Global Funding<br>4.35%<sup>(5)</sup> | 09/15/30 | 40000 | 39679 |
|  Teachers Insurance & Annuity Association of America<br>3.30%<sup>(5)</sup> | 05/15/50 | 100000 | 68965 |
|  Willis North America, Inc.<br>5.35% | 05/15/33 | 70000 | 71982 |
|  |  |  | 1057947 |
|  **Internet — 3.0%** |  |  |  |
|  Alphabet, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00% | 05/06/33 | 100000 | 117072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70% | 11/15/35 | 85000 | 84624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25% | 05/15/55 | 40000 | 38141 |
|  Amazon.com, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95% | 04/13/52 | 135000 | 105297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45% | 11/20/55 | 115000 | 112020 |
|  AppLovin Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50% | 12/01/34 | 85000 | 87111 |
|  Meta Platforms, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88% | 11/15/35 | 60000 | 59324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40% | 08/15/54 | 70000 | 64539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60% | 05/15/53 | 90000 | 85447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63% | 11/15/55 | 85000 | 80816 |
|  Uber Technologies, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80% | 09/15/34 | 130000 | 129285 |
|  |  |  | 963676 |
|  **Leisure Time — 0.3%** |  |  |  |
|  Royal Caribbean Cruises Ltd.<br>5.38% | 01/15/36 | 85000 | 85169 |
|  **Lodging — 0.5%** |  |  |  |
|  Choice Hotels International, Inc.<br>5.85% | 08/01/34 | 40000 | 40976 |
|  Hyatt Hotels Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05% | 03/30/28 | 50000 | 50961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50% | 06/30/34 | 10000 | 10319 |

---

------

---

| |
|:---|
| **TCW Corporate Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **Lodging (Continued)** |  |  |  |
|  Las Vegas Sands Corp.<br>6.00% | 06/14/30 | $65000 | $67839 |
|  |  |  | 170095 |
|  **Media — 1.8%** |  |  |  |
|  Charter Communications Operating LLC/Charter Communications Operating Capital |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90% | 06/01/52 | 235000 | &nbsp;&nbsp;&nbsp;&nbsp;153457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80% | 03/01/50 | 30000 | 22741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38% | 05/01/47 | 37000 | 30599 |
|  Comcast Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.97% | 11/01/47 | 60000 | 45146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00% | 11/01/49 | 90000 | 66575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40% | 08/15/35 | 130000 | 123736 |
|  Cox Communications, Inc.<br>2.60%<sup>(5)</sup> | 06/15/31 | 85000 | 75975 |
|  Fox Corp.<br>6.50% | 10/13/33 | 40000 | 43978 |
|  Time Warner Cable LLC<br>5.50% | 09/01/41 | 18000 | 15790 |
|  |  |  | 577997 |
|  **Miscellaneous Manufacturers — 0.1%** |  |  |  |
|  Dyno Nobel Ltd. (Australia)<br>5.40% | 11/08/32 | 60000 | 40972 |
|  **Office/Business Equipment — 0.1%** |  |  |  |
|  CDW LLC/CDW Finance Corp.<br>3.28% | 12/01/28 | 25000 | 24356 |
|  **Oil & Gas — 0.2%** |  |  |  |
|  Aker BP ASA (Norway)<br>3.10%<sup>(5)</sup> | 07/15/31 | 80000 | 73567 |
|  **Packaging & Containers — 1.0%** |  |  |  |
|  Amcor Finance USA, Inc.<br>5.63% | 05/26/33 | 145000 | 151680 |
|  Amcor Flexibles North America, Inc.<br>2.63% | 06/19/30 | 5000 | 4664 |
|  AptarGroup, Inc.<br>4.75% | 03/30/31 | 70000 | 70431 |
|  CCL Industries, Inc. (Canada)<br>3.05%<sup>(5)</sup> | 06/01/30 | 25000 | 23550 |
|  Sealed Air Corp.<br>1.57%<sup>(5)</sup> | 10/15/26 | 20000 | 19673 |
|  Smurfit Kappa Treasury ULC<br>5.44% | 04/03/34 | 35000 | 36137 |
|  Sonoco Products Co.<br>3.13% | 05/01/30 | 25000 | 23686 |
|  |  |  | 329821 |
|  **Pharmaceuticals — 5.1%** |  |  |  |
|  AbbVie, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40% | 11/06/42 | 100000 | 89105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20% | 03/15/35 | 150000 | 154689 |
|  Bayer U.S. Finance II LLC (Germany) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%<sup>(5)</sup> | 12/15/28 | 10000 | 10034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%<sup>(5)</sup> | 06/25/48 | 107000 | 91424 |
|  Becton Dickinson & Co.<br>4.30% | 08/22/32 | 50000 | 49249 |
|  Bristol-Myers Squibb Co.<br>5.20% | 02/22/34 | 120000 | 124253 |
|  CVS Health Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05% | 03/25/48 | 133000 | 116952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30% | 06/01/33 | 178000 | 182555 |
|  Elanco Animal Health, Inc.<br>6.65% | 08/28/28 | 5000 | 5215 |
|  Eli Lilly & Co.<br>4.90% | 10/15/35 | 250000 | 253087 |
|  EMD Finance LLC (Germany)<br>5.00%<sup>(5)</sup> | 10/15/35 | 80000 | 79904 |
|  Johnson & Johnson |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40% | 01/15/38 | 75000 | 65727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00% | 03/01/35 | 65000 | 67454 |
|  Merck & Co., Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75% | 12/04/35 | 15000 | 14874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00% | 05/17/53 | 120000 | 109684 |
|  Pfizer Investment Enterprises Pte. Ltd.<br>4.75% | 05/19/33 | 95000 | 96028 |
|  Takeda Pharmaceutical Co. Ltd. (Japan)<br>5.30% | 07/05/34 | 85000 | 87398 |
|  Teva Pharmaceutical Finance Netherlands IV BV (Israel)<br>5.75% | 12/01/30 | 40000 | 41438 |
|  |  |  | 1639070 |
|  **Pipelines — 2.1%** |  |  |  |
|  Columbia Pipelines Operating Co. LLC<br>6.04%<sup>(5)</sup> | 11/15/33 | 135000 | 144214 |
|  Energy Transfer LP |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00% | 05/15/50 | 195000 | 164904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13% | 12/15/45 | 7000 | 6968 |
|  Kinder Morgan Energy Partners LP<br>6.95% | 01/15/38 | 5000 | 5677 |
|  Kinder Morgan, Inc.<br>7.80% | 08/01/31 | 5000 | 5803 |
|  NGPL PipeCo LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%<sup>(5)</sup> | 07/15/31 | 50000 | 46110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%<sup>(5)</sup> | 08/15/27 | 10000 | 10052 |
|  Pipeline Funding Co. LLC<br>7.50%<sup>(5)</sup> | 01/15/30 | 22932 | 23530 |
|  Plains All American Pipeline LP/PAA Finance Corp.<br>4.50% | 12/15/26 | 13000 | 13043 |
|  Sabine Pass Liquefaction LLC<br>4.20% | 03/15/28 | 103000 | 103278 |
|  Southern Natural Gas Co. LLC<br>4.80%<sup>(5)</sup> | 03/15/47 | 40000 | 35090 |
|  TransCanada PipeLines Ltd. (Canada)<br>4.63% | 03/01/34 | 110000 | 107457 |
|  Williams Cos., Inc.<br>3.50% | 10/15/51 | 15000 | 10438 |
|  |  |  | 676564 |
|  **Real Estate — 0.1%** |  |  |  |
|  Vonovia SE (Germany)<br>5.72%<sup>(6)</sup> | 09/03/35 | 40000 | 27009 |
|  **REIT — 3.4%** |  |  |  |
|  American Assets Trust LP<br>3.38% | 02/01/31 | 55000 | 50198 |
|  American Homes 4 Rent LP<br>2.38% | 07/15/31 | 55000 | 49107 |
|  American Tower Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70% | 04/15/31 | 261000 | 240102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70% | 12/15/32 | 40000 | 40051 |
|  Boston Properties LP<br>2.55% | 04/01/32 | 10000 | 8744 |
|  Crown Castle, Inc.<br>3.30% | 07/01/30 | 105000 | 99703 |
|  CubeSmart LP<br>4.38% | 02/15/29 | 15000 | 15062 |

---

------

---

| |
|:---|
| **TCW Corporate Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **REIT (Continued)** |  |  |  |
|  Digital Realty Trust LP<br>3.60% | 07/01/29 | $15000 | $14728 |
|  DOC Dr. LLC<br>2.63% | 11/01/31 | 10000 | 8991 |
|  Equinix, Inc.<br>2.50% | 05/15/31 | 45000 | 40787 |
|  Essex Portfolio LP |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65% | 03/15/32 | 5000 | 4459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50% | 04/01/34 | 15000 | 15465 |
|  Extra Space Storage LP<br>2.20% | 10/15/30 | 25000 | 22656 |
|  GLP Capital LP/GLP Financing II, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25% | 01/15/32 | 22000 | 19933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00% | 01/15/30 | 55000 | 53515 |
|  Healthcare Realty Holdings LP<br>3.63% | 01/15/28 | 30000 | 29703 |
|  Host Hotels & Resorts LP |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50% | 09/15/30 | 30000 | 28590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70% | 06/15/32 | 35000 | 36540 |
|  Hudson Pacific Properties LP<br>3.95% | 11/01/27 | 10000 | 9608 |
|  Invitation Homes Operating Partnership LP |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50% | 08/15/33 | 5000 | 5135 |
|  LXP Industrial Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38% | 10/01/31 | 15000 | 13153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70% | 09/15/30 | 10000 | 9173 |
|  NNN REIT, Inc.<br>5.60% | 10/15/33 | 35000 | 36526 |
|  Piedmont Operating Partnership LP<br>2.75% | 04/01/32 | 30000 | 25967 |
|  Realty Income Corp.<br>5.13% | 04/15/35 | 45000 | 45738 |
|  VICI Properties LP<br>5.13% | 05/15/32 | 75000 | 75493 |
|  Weyerhaeuser Co.<br>3.38% | 03/09/33 | 10000 | 9145 |
|  WP Carey, Inc.<br>4.65% | 07/15/30 | 75000 | 75504 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;1083776 |
|  **Retail — 2.0%** |  |  |  |
|  AutoZone, Inc.<br>5.13% | 06/15/30 | 35000 | 36080 |
|  Home Depot, Inc.<br>4.95% | 06/25/34 | 260000 | 265226 |
|  Lowe's Cos., Inc.<br>5.75% | 07/01/53 | 50000 | 49766 |
|  McDonald's Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20% | 04/01/50 | 70000 | 56536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95% | 03/03/35 | 130000 | 131338 |
|  Starbucks Corp.<br>4.80% | 05/15/30 | 100000 | 102166 |
|  |  |  | 641112 |
|  **Semiconductors — 1.4%** |  |  |  |
|  Broadcom, Inc.<br>2.60% | 02/15/33 | 275000 | 241838 |
|  Intel Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00% | 08/12/31 | 5000 | 4397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05% | 08/12/51 | 51000 | 31851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25% | 11/15/49 | 115000 | 74842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70% | 02/10/53 | 13000 | 12289 |
|  Micron Technology, Inc.<br>2.70% | 04/15/32 | 50000 | 45064 |
|  Texas Instruments, Inc.<br>5.15% | 02/08/54 | 50000 | 47426 |
|  |  |  | 457707 |
|  **Software — 2.7%** |  |  |  |
|  Atlassian Corp.<br>5.50% | 05/15/34 | 50000 | 51054 |
|  Cadence Design Systems, Inc.<br>4.70% | 09/10/34 | 20000 | 19892 |
|  Constellation Software, Inc. (Canada)<br>5.46%<sup>(5)</sup> | 02/16/34 | 125000 | 125898 |
|  Fiserv, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65% | 06/01/30 | 25000 | 23105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25% | 08/11/35 | 90000 | 89414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63% | 08/21/33 | 35000 | 35998 |
|  Microsoft Corp.<br>2.92% | 03/17/52 | 150000 | 97854 |
|  Open Text Corp. (Canada)<br>6.90%<sup>(5)</sup> | 12/01/27 | 17000 | 17564 |
|  Oracle Corp.<br>3.95% | 03/25/51 | 347000 | 227837 |
|  Paychex, Inc.<br>5.60% | 04/15/35 | 125000 | 129686 |
|  Synopsys, Inc.<br>5.15% | 04/01/35 | 30000 | 30425 |
|  Take-Two Interactive Software, Inc.<br>4.00% | 04/14/32 | 15000 | 14551 |
|  |  |  | 863278 |
|  **Telecommunications — 4.6%** |  |  |  |
|  AT&T, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55% | 09/15/55 | 85000 | 56426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80% | 12/01/57 | 153000 | 105272 |
|  Cisco Systems, Inc.<br>5.05% | 02/26/34 | 230000 | 236035 |
|  Sprint Capital Corp.<br>8.75% | 03/15/32 | 25000 | 30287 |
|  Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC<br>5.15%<sup>(5)</sup> | 09/20/29 | 249750 | 251516 |
|  T-Mobile USA, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55% | 02/15/31 | 478000 | 437308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05% | 07/15/33 | 5000 | 5082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13% | 05/15/32 | 60000 | 61678 |
|  Verizon Communications, Inc.<br>4.50% | 08/10/33 | 300000 | 294711 |
|  |  |  | 1478315 |
|  **Toys/Games/Hobbies — 0.2%** |  |  |  |
|  Mattel, Inc.<br>5.00% | 11/17/30 | 60000 | 60594 |
|  **Transportation — 2.1%** |  |  |  |
|  Aurizon Network Pty. Ltd. (Australia)<br>2.90%<sup>(6)</sup> | 09/02/30 | 40000 | 24790 |
|  Burlington Northern Santa Fe LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05% | 06/15/48 | 15000 | 12152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50% | 03/15/55 | 120000 | 118175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55% | 03/15/56 | 45000 | 44478 |
|  CSX Corp.<br>4.90% | 03/15/55 | 130000 | 116973 |
|  Norfolk Southern Corp.<br>4.55% | 06/01/53 | 100000 | 84610 |
|  Pacific National Finance Pty. Ltd. (Australia)<br>3.70% | 09/24/29 | 30000 | 19227 |
|  Union Pacific Corp.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.97% | 09/16/62 | 25000 | 14649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10% | 02/20/35 | 225000 | 231574 |
|  |  |  | 666628 |

---

------

---

| |
|:---|
| **TCW Corporate Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Principal<br>Amount** | **Value** |
|  **Water — 0.1%** |  |  |  |  |
|  Essential Utilities, Inc.<br>5.30% | 05/01/52 | $| 50000 | $46803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Corporate Bonds** (Cost: $26,435,349) |  |  |  | 26666521 |
|  **MUNICIPAL BONDS — 0.6%** |  |  |  |  |
|  City of Los Angeles Department of Airports, Revenue Bonds<br>3.89% | 05/15/38 |  | 15000 | 13942 |
|  County of Miami-Dade Aviation Revenue, Revenue Bonds<br>3.50% | 10/01/31 |  | 15000 | 14332 |
|  Empire State Development Corp., Revenue Bonds |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.54% | 03/15/34 |  | 5000 | 4361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.54% | 03/15/34 |  | 5000 | 4347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.59% | 03/15/35 |  | 20000 | 17244 |
|  Maryland Economic Development Corp., Revenue Bonds<br>5.43% | 05/31/56 |  | 10000 | 9564 |
|  New York City Transitional Finance Authority Future Tax Secured Revenue, Revenue Bonds |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.97% | 02/01/33 |  | 20000 | 17060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.73% | 08/01/29 |  | 5000 | 4976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00% | 02/01/51 |  | 40000 | 40638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00% | 11/01/53 |  | 35000 | 35845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00% | 05/01/54 |  | 30000 | 30690 |
|  Prosper Independent School District, General Obligation Unlimited<br>4.75% | 02/15/55 |  | 25000 | 25365 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Municipal Bonds** (Cost: $225,607) |  |  |  | 218364 |
|  **FOREIGN GOVERNMENT BONDS — 0.5%** |  |  |  |  |
|  New South Wales Treasury Corp.<br>4.75%<sup>(6)</sup> | 02/20/37 | AUD | 100000 | 65941 |
|  Queensland Treasury Corp.<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%<sup>(6)</sup> | 07/21/37 | AUD | 100000 | 66746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%<sup>(6)</sup> | 08/13/38 | AUD | 25000 | 16884 |
|  Treasury Corp. of Victoria<br>2.00% | 11/20/37 | AUD | 35000 | 16875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Government Bonds** (Cost: $161,701) |  |  |  | 166446 |
|  **U.S. TREASURY SECURITIES — 10.7%** |  |  |  |  |
|  U.S. Treasury Bonds<br>4.63% | 11/15/55 |  | 1488000 | 1425574 |
|  U.S. Treasury Notes |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50% | 01/31/28 |  | 1025000 | 1024359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75% | 01/31/31 |  | 167000 | 166592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00% | 11/15/35 |  | 828000 | 811117 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total U.S. Treasury Securities** (Cost: $3,467,550) |  |  |  | 3427642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Fixed Income Securities** (Cost: $30,366,713) |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;30521774 |
|  **CONVERTIBLE SECURITIES — 0.1%** |  |  |  |  |
|  **CONVERTIBLE CORPORATE BONDS — 0.1%** |  |  |  |  |
|  **Commercial Services — 0.1%** |  |  |  |  |
|  Worldline SA (France)<br>0.00%<sup>(4),(6)</sup> | 07/30/26 | EUR | 13566 | 16102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Convertible Securities** (Cost: $14,819) |  |  |  | 16102 |
| **Security** |  | **Shares** | **Shares** |  |
|  MONEY MARKET INVESTMENTS — **7.7%** |  |  |  |  |
|  State Street Institutional U.S. Government Money Market Fund — Premier Class,<br>3.65%<sup>(8)</sup> |  |  | 152570 | 152570 |
|  TCW Central Cash Fund,<br>3.65%<sup>(8),(9)</sup> |  |  | 2313635 | 2313635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Money Market Investments** (Cost: $2,466,205) |  |  |  | 2466205 |
|  **Total Investments (102.8%)** (Cost: $32,847,737) | **Total Investments (102.8%)** (Cost: $32,847,737) | **Total Investments (102.8%)** (Cost: $32,847,737) | **Total Investments (102.8%)** (Cost: $32,847,737) | 33004081 |
|  **Liabilities In Excess Of Other Assets (-2.8%)** |  |  |  | (912228) |
|  **Net Assets (100.0%)** |  |  |  | $32091853 |

---

------

---

| |
|:---|
| **TCW Corporate Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

 **FUTURES CONTRACTS**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of<br>Contracts** | **Type** | **Expiration<br>Date** | **Notional<br>Contract<br>Value** | **Value** | **Net<br>Unrealized<br>Appreciation<br>(Depreciation)** |
|  **Long Futures** |  |  |  |  |  |
| 68 | 2-Year U.S. Treasury Note Futures | 03/31/26 | $14188712 | $14177469 | $(11243) |
| 3 | 10-Year U.S. Treasury Note Futures | 03/20/26 | 344556 | 342469 | (2087) |
| 1 | Euro-Bobl Futures | 03/06/26 | 137431 | 138224 | 793 |
| 1 | U.S. Ultra Long Bond Futures | 03/20/26 | 120846 | 117438 | (3408) |
| 1 | U.S. Long Bond Futures | 03/20/26 | 116144 | 115125 | (1019) |
|  |  |  | $**14907689** | $**14890725** | $**(16964)** |
|  **Short Futures** | **Short Futures** | **Short Futures** | **Short Futures** | **Short Futures** | **Short Futures** |
| 5 | 3-Year Australian Bond Futures | 03/16/26 | $(365970) | $(364819) | $1151 |
| 3 | 10-Year Australian Bond Futures | 03/16/26 | (228816) | (228024) | 792 |
| 68 | 5-Year U.S. Treasury Note Futures | 03/31/26 | (7424145) | (7407219) | 16926 |
| 3 | Euro-Bund Futures | 03/06/26 | (456877) | (455779) | 1098 |
|  |  |  | $**(8475808)** | $**(8455841)** | $**19967** |

---

 **FORWARD CURRENCY EXCHANGE CONTRACTS** <br>

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Contracts to<br>Deliver** | **Units of<br>Currency** | **Settlement<br>Date** | **In Exchange<br>for USD** | **Contracts<br>at Value** | **Unrealized<br>Appreciation<br>(Depreciation)** |
|  **SELL<sup>(10)</sup>** |  |  |  |  |  |  |
|  Bank of America | AUD | 494118 | 04/01/26 | $331602 | $344024 | $(12422) |
|  Goldman Sachs & Co. | EUR | 271674 | 04/01/26 | 319848 | 322894 | (3046) |
|  |  |  |  | $651450 | $666918 | $(15468) |

---

---

| | |
|:---|:---|
| **Notes to the Schedule of Investments:** | **Notes to the Schedule of Investments:** |
| AUD | Australian Dollar. |
| EUR | Euro Currency. |
| I/F | Inverse Floating rate security whose interest rate moves in the opposite direction of prevailing interest rates. |
| I/O | Interest Only Security. |
| LIBOR | London Interbank Offered Rate. |
| REIT | Real Estate Investment Trust. |
| REMIC | Real Estate Mortgage Investment Conduits. |
| SOFR | Secured Overnight Financing Rate. |
| (1) | For fair value measurement disclosure purposes, security is categorized as Level 3. Security is valued using significant unobservable inputs. |
| (2) | Floating or variable rate security. The interest shown reflects the rate in effect at January 31, 2026. |
| (3) | Variable rate security. Interest rate disclosed is as of the most recent information available. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. |
| (4) | Security is not accruing interest. |
| (5) | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold, normally only to qualified institutional buyers. At January 31, 2026, the value of these securities amounted to $3,277,314 or 10.2% of net assets. These securities are determined to be liquid by the Fund's investment advisor, unless otherwise noted, under procedures established by and under the general supervision of the Company's Board of Directors. |
| (6) | Investments issued under Regulation S of the Securities Act of 1933, as amended, may not be offered, sold, or delivered within the United States except under special exemptions. At January 31, 2026, the value of these securities amounted to $344,735 or 1.1% of net assets. |
| (7) | This security is purchased on a when-issued, delayed-delivery or forward commitment basis. |
| (8) | Rate disclosed is the 7-day net yield as of January 31, 2026. |
| (9) | Affiliated issuer. |
| (10) | Fund sells foreign currency, buys USD. |

---

------

---

| |
|:---|
| **TCW Corporate Bond ETF** |
| SCHEDULE OF INVESTMENTS (Continued) |

---

The summary of the TCW Corporate Bond ETF transactions in the affiliated funds for the period ended January 31, 2026 is as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name of Affiliated Fund** | **Value at<br>October 31,<br>2025** | **Purchases at<br>Cost** | **Proceeds from<br>Sales** | **Number of<br>Shares Held<br>January 31,<br>2026** | **Value at<br>January 31,<br>2026** | **Dividends and<br>Interest Income<br>Received** | **Distributions<br>Received from<br>Net Realized<br>Gain** | **Net change in<br>Unrealized Gain<br>(Loss) on<br>Investments** |
|  TCW Central Cash Fund | $662635 | $5351000 | $3700000 | 2313635 | $2313635 | $11583 | $– $– $|  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total |  |  |  |  | $2313635 | $11583 | $– $– $|  |

---

------

---

| | |
|:---|:---|
| **TCW Corporate Bond ETF** |  |
| Fair Valuation Summary (Unaudited) | January 31, 2026 |

---

The following is a summary of the fair valuations according to the inputs used as of January 31, 2026 in valuing the Fund's investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Quoted Prices in<br>Active Markets for<br>Identical Assets**<br>**(Level 1)** | **Other Significant<br>Observable Inputs**<br>**(Level 2)** | **Significant<br>Unobservable Inputs**<br>**(Level 3)** | **Total** |
|  Fixed Income Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds | $— | $26666521 | $— | $26666521 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Securities |  | 3427642 |  | 3427642 |
| &nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds |  | 218364 |  | 218364 |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign Government Bonds |  | 166446 |  | 166446 |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed Securities |  |  | 30309 | 30309 |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential Mortgage-Backed Securities — Agency |  | 7409 |  | 7409 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Mortgage-Backed Securities — Agency |  | 5083 |  | 5083 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Mortgage-Backed Securities — Non-Agency |  |  |  |  |
|  Total Fixed Income Securities |  | 30491465 | 30309 | 30521774 |
|  Convertible Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Convertible Corporate Bonds |  | 16102 |  | 16102 |
|  Equity Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Money Market Investments | 2466205 |  |  | 2466205 |
|  Total Investments | $2466205 | $30507567 | $30309 | $33004081 |
|  Asset Derivatives |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Risk | 20760 |  |  | 20760 |
|  Total | $2486965 | $30507567 | $30309 | $33024841 |
|  Liability Derivatives |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Risk | $(17757) | $— | $— | $(17757) |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Currency Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Risk |  | (15468) |  | (15468) |
|  Total | $(17757) | $(15468) | $— | $(33225) |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **FIXED INCOME SECURITIES — 104.2% of Net Assets** |  |  |  |
|  **CORPORATE BONDS — 21.4%** |  |  |  |
|  **Advertising — 0.0%** |  |  |  |
|  Clear Channel Outdoor Holdings, Inc.<br>7.13%<sup>(1)</sup> | 02/15/31 | $517000 | $539360 |
|  **Aerospace & Defense — 0.1%** |  |  |  |
|  General Electric Co.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.54% (3 mo. USD Term SOFR + 0.642%)<sup>(2)</sup> | 05/05/26 | 57000 | 57054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.59% (3 mo. USD Term SOFR + 0.742%)<sup>(2)</sup> | 08/15/36 | 52000 | 49294 |
|  TransDigm, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%<sup>(1)</sup> | 01/15/33 | 1665000 | 1697467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%<sup>(1)</sup> | 05/31/33 | 1827000 | 1861896 |
|  |  |  | 3665711 |
|  **Agriculture — 0.1%** |  |  |  |
|  Altria Group, Inc.<br>4.88% | 02/04/28 | 490000 | 498874 |
|  BAT Capital Corp. (United Kingdom)<br>3.56% | 08/15/27 | 44000 | 43733 |
|  BAT International Finance PLC (United Kingdom)<br>1.67% | 03/25/26 | 83000 | 82718 |
|  Imperial Brands Finance PLC (United Kingdom) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%<sup>(1)</sup> | 06/30/28 | 2955000 | 2981949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%<sup>(1)</sup> | 07/27/27 | 195000 | 200546 |
|  |  |  | 3807820 |
|  **Airlines — 0.1%** |  |  |  |
|  American Airlines, Inc./AAdvantage Loyalty IP Ltd.<br>5.75%<sup>(1)</sup> | 04/20/29 | 1563000 | 1580803 |
|  Delta Air Lines Pass-Through Trust Series 2020-1, Class AA<br>2.00% | 12/10/29 | 16778 | 16201 |
|  JetBlue Pass-Through Trust Series 2019-1, Class AA<br>2.75% | 11/15/33 | 2209062 | 1975498 |
|  JetBlue Pass-Through Trust Series 2020-1, Class A<br>4.00% | 05/15/34 | 50461 | 48192 |
|  |  |  | 3620694 |
|  **Apparel — 0.1%** |  |  |  |
|  Crocs, Inc.<br>4.13%<sup>(1)</sup> | 08/15/31 | 2535000 | 2323378 |
|  **Auto Manufacturers — 0.1%** |  |  |  |
|  Volkswagen Group of America Finance LLC (Germany)<br>5.65%<sup>(1)</sup> | 03/25/32 | 70000 | 72665 |
|  Volkswagen International Finance NV (Germany)<br>7.88% (9 yr. EUR Swap + 4.783%)<sup>(2),(3),(4)</sup> | 09/06/32 | &nbsp;&nbsp;&nbsp;&nbsp;1200000 | &nbsp;&nbsp;&nbsp;&nbsp;1664899 |
|  |  |  | 1737564 |
|  **Auto Parts & Equipment — 0.1%** |  |  |  |
|  Forvia SE (France)<br>8.00%<sup>(1)</sup> | 06/15/30 | 385000 | 411319 |
|  Robert Bosch GmbH (Germany)<br>4.38%<sup>(3)</sup> | 06/02/43 | 600000 | 708948 |
|  ZF North America Capital, Inc. (Germany) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%<sup>(1)</sup> | 04/23/32 | 760000 | 759643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%<sup>(1)</sup> | 03/24/31 | 1350000 | 1384263 |
|  |  |  | 3264173 |
|  **Banks — 3.5%** |  |  |  |
|  Bank of America Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.73% (1 day USD SOFR + 0.960%)<sup>(2)</sup> | 07/22/27 | 5000000 | 4947800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.92% (1 day USD SOFR + 1.370%)<sup>(2)</sup> | 10/24/31 | 2835000 | 2536985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55% (1 day USD SOFR + 1.050%)<sup>(2)</sup> | 02/04/28 | 2625000 | 2588329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65% (1 day USD SOFR + 1.220%)<sup>(2)</sup> | 03/11/32 | 225000 | 206518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.97% (1 day USD SOFR + 1.330%)<sup>(2)</sup> | 02/04/33 | 1395000 | 1275672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.42% (3 mo. USD Term SOFR + 1.302%)<sup>(2)</sup> | 12/20/28 | 685000 | 677664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38% (5 yr. CMT + 2.760%)<sup>(2),(4)</sup> | 01/27/27 | 100000 | 99550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.47% (1 day USD SOFR + 1.650%)<sup>(2)</sup> | 01/23/35 | 1235000 | 1281547 |
|  Citibank NA |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88% (1 day USD SOFR + 0.712%)<sup>(2)</sup> | 11/19/27 | 5000000 | 5035550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.91% | 05/29/30 | 2000000 | 2053160 |
|  Citigroup, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.52% (1 day USD SOFR + 1.177%)<sup>(2)</sup> | 11/03/32 | 510000 | 456654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63% (5 yr. CMT + 3.001%)<sup>(2),(4)</sup> | 02/15/31 | 3075000 | 3130042 |
|  Goldman Sachs Bank USA/New York NY<br>5.28% (1 day USD SOFR + 0.777%)<sup>(2)</sup> | 03/18/27 | 2000000 | 2003020 |
|  Goldman Sachs Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.54% (1 day USD SOFR + 0.818%)<sup>(2)</sup> | 09/10/27 | 5000 | 4926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95% (1 day USD SOFR + 0.913%)<sup>(2)</sup> | 10/21/27 | 325000 | 320187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38% (1 day USD SOFR + 1.248%)<sup>(2)</sup> | 07/21/32 | 1000000 | 894740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.81% (3 mo. USD Term SOFR + 1.420%)<sup>(2)</sup> | 04/23/29 | 2075000 | 2062882 |
|  HSBC Holdings PLC (United Kingdom) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.36% (1 day USD SOFR + 1.947%)<sup>(2)</sup> | 08/18/31 | 60000 | 54711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.76% (1 day USD SOFR + 2.110%)<sup>(2)</sup> | 06/09/28 | 45000 | 45411 |
|  JPMorgan Chase & Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.04% (3 mo. USD Term SOFR + 0.695%)<sup>(2)</sup> | 02/04/27 | 375000 | 375000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.58% (1 day USD SOFR + 0.885%)<sup>(2)</sup> | 04/22/27 | 700000 | 696227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.76% (3 mo. USD Term SOFR + 1.105%)<sup>(2)</sup> | 11/19/31 | 3080000 | 2738274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.07% (1 day USD SOFR + 1.015%)<sup>(2)</sup> | 06/01/29 | 120000 | 114780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.18% (1 day USD SOFR + 1.890%)<sup>(2)</sup> | 06/01/28 | 5000000 | 4884650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55% (1 day USD SOFR + 1.180%)<sup>(2)</sup> | 11/08/32 | 2770000 | 2496352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.58% (3 mo. USD Term SOFR + 1.250%)<sup>(2)</sup> | 04/22/32 | 760000 | 694123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65% (5 yr. CMT + 2.850%)<sup>(2),(4)</sup> | 06/01/26 | 115000 | 114868 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Principal<br>Amount** | **Value** | **Value** |
|  **Banks (Continued)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.01% (3 mo. USD Term SOFR + 1.382%)<sup>(2)</sup> | 04/23/29 | $| 255000 | $| 254821 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.32% (1 day USD SOFR + 1.560%)<sup>(2)</sup> | 04/26/28 |  | 3500000 |  | 3514560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.77% (1 day USD SOFR + 1.490%)<sup>(2)</sup> | 04/22/35 |  | 415000 |  | 439834 |
|  Morgan Stanley |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.24% (1 day USD SOFR + 1.178%)<sup>(2)</sup> | 07/21/32 |  | 425000 |  | 377111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.94% (1 day USD SOFR + 1.290%)<sup>(2)</sup> | 01/21/33 |  | 354000 |  | 322997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.83% (1 day USD SOFR + 1.580%)<sup>(2)</sup> | 04/19/35 |  | 3120000 |  | 3301366 |
|  Morgan Stanley Bank NA<br>5.50% (1 day USD SOFR + 0.865%)<sup>(2)</sup> | 05/26/28 |  | 10000000 |  | 10193400 |
|  Morgan Stanley Private Bank NA |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20% (1 day USD SOFR + 0.780%)<sup>(2)</sup> | 11/17/28 |  | 5685000 |  | 5702055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.47% (1 day USD SOFR + 1.020%)<sup>(2)</sup> | 11/19/31 |  | 2370000 |  | 2371706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.73% (1 day USD SOFR + 1.080%)<sup>(2)</sup> | 07/18/31 |  | 3200000 |  | 3242880 |
|  PNC Financial Services Group, Inc. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40% (5 yr. CMT + 2.595%)<sup>(2),(4)</sup> | 09/15/26 |  | 105000 |  | 103457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.58% (1 day USD SOFR + 1.841%)<sup>(2)</sup> | 06/12/29 |  | 1370000 |  | 1418512 |
|  Santander U.K. Group Holdings PLC (United Kingdom)<br>1.67% (1 day USD SOFR + 0.989%)<sup>(2)</sup> | 06/14/27 |  | 290000 |  | 287474 |
|  U.S. Bancorp<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.08% (1 day USD SOFR + 1.296%)<sup>(2)</sup> | 05/15/31 |  | 2250000 |  | 2315002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.78% (1 day USD SOFR + 2.020%)<sup>(2)</sup> | 06/12/29 |  | 5000000 |  | 5191500 |
|  Wells Fargo & Co. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.39% (1 day USD SOFR + 2.100%)<sup>(2)</sup> | 06/02/28 |  | 460000 |  | 450492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.57% (3 mo. USD Term SOFR + 1.262%)<sup>(2)</sup> | 02/11/31 |  | 3440000 |  | 3213751 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88% (3 mo. USD Term SOFR + 1.432%)<sup>(2)</sup> | 10/30/30 |  | 5000000 |  | 4763700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35% (1 day USD SOFR + 1.500%)<sup>(2)</sup> | 03/02/33 |  | 2835000 |  | 2643921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50% (1 day USD SOFR + 1.780%)<sup>(2)</sup> | 01/23/35 |  | 225000 |  | 233498 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;92131659 |
|  **Beverages — 0.1%** | **Beverages — 0.1%** | **Beverages — 0.1%** | **Beverages — 0.1%** | **Beverages — 0.1%** | **Beverages — 0.1%** |
|  Becle SAB de CV (Mexico)<br>2.50%<sup>(1)</sup><br>| 10/14/31 |  | 1790000 |  | 1555295 |
|  JDE Peet's NV (Netherlands)<br>2.25%<sup>(1)</sup> | 09/24/31 |  | 750000 |  | 653775 |
|  |  |  |  |  | 2209070 |
|  **Biotechnology — 0.1%** | **Biotechnology — 0.1%** | **Biotechnology — 0.1%** | **Biotechnology — 0.1%** | **Biotechnology — 0.1%** | **Biotechnology — 0.1%** |
|  Amgen, Inc.<br>3.15% | 02/21/40 |  | 100000 |  | 78843 |
|  BioMarin Pharmaceutical, Inc.<br>5.50%<sup>(1),(5)</sup> | 02/15/34 |  | 675000 |  | 677991 |
|  Genmab AS/Genmab Finance LLC<br>6.25%<sup>(1)</sup> | 12/15/32 |  | 462000 |  | 474386 |
|  |  |  |  |  | 1231220 |
|  **Building Materials — 0.1%** | **Building Materials — 0.1%** | **Building Materials — 0.1%** | **Building Materials — 0.1%** | **Building Materials — 0.1%** | **Building Materials — 0.1%** |
|  JH North America Holdings, Inc.<br>5.88%<sup>(1)</sup> | 01/31/31 |  | 1950000 |  | 1984983 |
|  **Chemicals — 0.3%** | **Chemicals — 0.3%** | **Chemicals — 0.3%** | **Chemicals — 0.3%** | **Chemicals — 0.3%** | **Chemicals — 0.3%** |
|  Axalta Coating Systems Dutch Holding B BV<br>7.25%<sup>(1)</sup> | 02/15/31 |  | 50000 |  | 52697 |
|  FIS Fabbrica Italiana Sintetici SpA<br>5.25%<sup>(1),(5)</sup> | 02/05/31 | EUR | 1100000 |  | 1310065 |
|  International Flavors & Fragrances, Inc. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.83%<sup>(1)</sup> | 10/15/27 |  | 405000 |  | 389776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%<sup>(1)</sup> | 11/01/30 |  | 505000 |  | 456768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.27%<sup>(1)</sup> | 11/15/40 |  | 55000 |  | 42431 |
|  Itelyum Regeneration SpA (Italy) |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%<sup>(1)</sup> | 04/15/30 | EUR | 250000 |  | 301292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%<sup>(3)</sup> | 04/15/30 | EUR | 820000 |  | 988238 |
|  Monitchem HoldCo 3 SA (Luxembourg)<br>8.75%<sup>(3)</sup> | 05/01/28 | EUR | 500000 |  | 601144 |
|  SCIH Salt Holdings, Inc.<br>4.88%<sup>(1</sup><sup>)</sup> | 05/01/28 |  | 608000 |  | 606261 |
|  SK Invictus Intermediate II SARL<br>5.00%<sup>(1)</sup> | 10/30/29 |  | 431000 |  | 425488 |
|  WR Grace Holdings LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%<sup>(1)</sup> | 08/15/29 |  | 63000 |  | 60379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%<sup>(1)</sup> | 08/01/33 |  | 500000 |  | 501060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%<sup>(1)</sup> | 03/01/31 |  | 882000 |  | 900945 |
|  |  |  |  |  | 6636544 |
|  **Commercial Services — 0.7%** | **Commercial Services — 0.7%** | **Commercial Services — 0.7%** | **Commercial Services — 0.7%** | **Commercial Services — 0.7%** | **Commercial Services — 0.7%** |
|  AA Bonds Co. Ltd.<br>5.50%<sup>(3)</sup> | 07/31/50 | GBP | 940000 |  | 1283625 |
|  ADT Security Corp.<br>5.88%<sup>(1)</sup> | 10/15/33 |  | 650000 |  | 659484 |
|  Adtalem Global Education, Inc.<br>5.50%<sup>(1)</sup> | 03/01/28 |  | 2012000 |  | 2010652 |
|  Allied Universal Holdco LLC/Allied Universal Finance Corp.<br>6.88%<sup>(1)</sup> | 06/15/30 |  | 145000 |  | 150671 |
|  BCP V Modular Services Finance II PLC (United Kingdom)<br>4.75%<sup>(3)</sup> | 11/30/28 | EUR | 670000 |  | 768175 |
|  Block, Inc.<br>6.50% | 05/15/32 |  | 51000 |  | 53011 |
|  Deluxe Corp.<br>8.13%<sup>(1)</sup> | 09/15/29 |  | 52000 |  | 54655 |
|  Global Payments, Inc.<br>4.50% | 11/15/28 |  | 4215000 |  | 4233925 |
|  Grand Canyon University<br>5.13% | 10/01/28 |  | 1000000 |  | 1002360 |
|  Herc Holdings, Inc.<br>7.25%<sup>(1)</sup> | 06/15/33 |  | 486000 |  | 514684 |
|  ION Platform Finance U.S., Inc.<br>7.88%<sup>(1)</sup> | 09/30/32 |  | 500000 |  | 439105 |
|  RAC Bond Co. PLC (United Kingdom)<br>8.25%<sup>(3)</sup> | 05/06/46 | GBP | 100000 |  | 148303 |
|  Rentokil Terminix Funding LLC<br>5.00%<sup>(1)</sup> | 04/28/30 |  | 1970000 |  | 2005775 |
|  Rollins, Inc.<br>5.25% | 02/24/35 |  | 1090000 |  | 1106753 |
|  Upbound Group, Inc.<br>6.38%<sup>(1)</sup> | 02/15/29 |  | 1724000 |  | 1709260 |
|  Veritiv Operating Co.<br>10.50%<sup>(1)</sup> | 11/30/30 |  | 49000 |  | 52548 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **Commercial Services (Continued)** | **Commercial Services (Continued)** | **Commercial Services (Continued)** | **Commercial Services (Continued)** |
|  VT Topco, Inc.<br>8.50%<sup>(1)</sup> | 08/15/30 | $1965000 | $2012828 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;18205814 |
|  **Computers — 0.1%** |  |  |  |
|  Dell International LLC/EMC Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75% | 04/01/28 | 1135000 | 1151276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00% | 04/01/30 | 840000 | 859807 |
|  McAfee Corp.<br>7.38%<sup>(1)</sup> | 02/15/30 | 301000 | 240047 |
|  NCR Voyix Corp.<br>5.00%<sup>(1)</sup> | 10/01/28 | 675000 | 669013 |
|  Science Applications International Corp.<br>5.88%<sup>(1)</sup> | 11/01/33 | 800000 | 807192 |
|  |  |  | 3727335 |
|  **Cosmetics/Personal Care — 0.0%** |  |  |  |
|  Edgewell Personal Care Co.<br>4.13%<sup>(1)</sup> | 04/01/29 | 860000 | 825617 |
|  **Diversified Financial Services — 0.3%** |  |  |  |
|  AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45% | 10/29/26 | 123000 | 121638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88% | 01/23/28 | 5000 | 4987 |
|  American Express Co.<br>4.92% (1 day USD SOFR + 1.220%)<sup>(2)</sup> | 07/20/33 | 1680000 | 1702999 |
|  Avolon Holdings Funding Ltd. (Ireland)<br>2.53%<sup>(1)</sup> | 11/18/27 | 1976000 | 1921126 |
|  Blackrock, Inc.<br>3.75% | 07/18/35 | 730000 | 886116 |
|  EZCORP, Inc.<br>7.38%<sup>(1)</sup> | 04/01/32 | 150000 | 160269 |
|  GGAM Finance Ltd. (Ireland) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%<sup>(1)</sup> | 06/15/28 | 892000 | 939686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%<sup>(1)</sup> | 02/15/27 | 115000 | 116876 |
|  Jane Street Group/JSG Finance, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%<sup>(1)</sup> | 11/01/32 | 780000 | 794976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%<sup>(1)</sup> | 05/01/33 | 90000 | 93656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%<sup>(1)</sup> | 04/30/31 | 330000 | 347081 |
|  |  |  | 7089410 |
|  **Electric — 1.8%** |  |  |  |
|  Alliant Energy Corp.<br>5.75% (5 yr. CMT + 2.077%)<sup>(2)</sup> | 04/01/56 | 3630000 | 3607458 |
|  Alliant Energy Finance LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.40%<sup>(1)</sup> | 03/15/26 | 245000 | 244106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%<sup>(1)</sup> | 03/01/32 | 655000 | 614331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%<sup>(1)</sup> | 03/30/29 | 1500000 | 1571415 |
|  American Electric Power Co., Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80% (5 yr. CMT + 2.128%)<sup>(2)</sup> | 03/15/56 | 5570000 | 5572395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05% (5 yr. CMT + 1.940%)<sup>(2)</sup> | 03/15/56 | 1185000 | 1177534 |
|  Amprion GmbH (Germany)<br>4.00%<sup>(3)</sup> | 05/21/44 | 100000 | 112219 |
|  Arizona Public Service Co.<br>6.35% | 12/15/32 | 135000 | 147340 |
|  Ausgrid Finance Pty. Ltd.<br>5.95%<sup>(3)</sup> | 12/10/35 | 1520000 | 1061342 |
|  CenterPoint Energy, Inc.<br>5.95% (5 yr. CMT + 2.223%)<sup>(2)</sup> | 04/01/56 | 4685000 | 4722902 |
|  Dominion Energy, Inc.<br>6.00% (5 yr. CMT + 2.262%)<sup>(2)</sup> | 02/15/56 | 5325000 | 5377185 |
|  Electricite de France SA |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%<sup>(3)</sup> | 06/17/44 | 3100000 | 3705340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.64%<sup>(3)</sup> | 08/28/35 | 610000 | 415569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38% (5 yr. U.K. Government Bond + 3.775%)<sup>(2),(3),(4)</sup> | 06/17/35 | 300000 | 430603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.13% (5 yr. CMT + 5.411%)<sup>(1),(2),(4)</sup> | 03/15/33 | 575000 | 679920 |
|  Elia Group SA (Belgium)<br>3.88%<sup>(3)</sup> | 06/11/31 | 100000 | 121417 |
|  EnBW International Finance BV<br>5.79%<sup>(3)</sup> | 02/26/36 | 1900000 | 1310774 |
|  Entergy Corp.<br>5.88% (5 yr. CMT + 2.179%)<sup>(2)</sup> | 06/15/56 | 2000000 | 2000760 |
|  Eurogrid GmbH (Germany)<br>3.28%<sup>(3)</sup><br>| 09/05/31 | 200000 | 237976 |
|  FirstEnergy Transmission LLC<br>2.87%<sup>(1)</sup> | 09/15/28 | 418000 | 405565 |
|  Florida Power & Light Co.<br>5.70% | 03/15/55 | 2000000 | 2030240 |
|  Interstate Power & Light Co.<br>5.70% | 10/15/33 | 1000000 | 1051430 |
|  MVM Energetika Zrt (Hungary)<br>6.50%<sup>(3)</sup> | 03/13/31 | 400000 | 422764 |
|  NSW Electricity Networks Finance Pty. Ltd.<br>6.30% (3 mo. AUD Bank Bill Swap + 2.200%)<sup>(2),(3)</sup> | 11/20/55 | 410000 | 284547 |
|  Public Service Co. of Oklahoma<br>5.45% | 01/15/36 | 3000000 | 3070140 |
|  Southern Co.<br>3.75% (5 yr. CMT + 2.915%)<sup>(2)</sup> | 09/15/51 | 4500000 | 4464810 |
|  Southwestern Electric Power Co.<br>5.30% | 04/01/33 | 600000 | 614442 |
|  Tennet Netherlands BV<br>4.75%<sup>(3)</sup> | 10/28/42 | 435000 | 558594 |
|  Tucson Electric Power Co.<br>5.50% | 04/15/53 | 305000 | 294163 |
|  |  |  | 46307281 |
|  **Electrical Components & Equipment — 0.1%** |  |  |  |
|  Energizer Holdings, Inc.<br>6.00%<sup>(1)</sup> | 09/15/33 | 2245000 | 2157961 |
|  **Engineering & Construction — 0.1%** |  |  |  |
|  Heathrow Funding Ltd. (United Kingdom) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%<sup>(3)</sup> | 01/16/38 | 250000 | 294470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%<sup>(3)</sup> | 07/11/35 | 865000 | 1086386 |
|  Sydney Airport Finance Co. Pty. Ltd. (Australia)<br>5.90%<sup>(3)</sup> | 04/19/34 | 750000 | 528049 |
|  |  |  | 1908905 |
|  **Entertainment — 0.7%** |  |  |  |
|  Banijay Entertainment SAS (France)<br>8.13%<sup>(1)</sup> | 05/01/29 | 350000 | 363843 |
|  Brightstar Lottery PLC/ Brightstar Global Solutions Corp. (United Kingdom)<br>5.75%<sup>(1)</sup> | 01/15/33 | 910000 | 904804 |
|  Caesars Entertainment, Inc.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%<sup>(1)</sup> | 02/15/32 | 2220000 | 2272991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%<sup>(1)</sup> | 02/15/30 | 1000000 | 1033820 |
|  Churchill Downs, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%<sup>(1)</sup> | 04/01/30 | 798000 | 803091 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Principal<br>Amount** | **Value** |
|  **Entertainment (Continued)** |  |  |  |  |
|  FDJ UNITED (France)<br>3.38%<sup>(3)</sup> | 11/21/33 | EUR | 1000000 | $1167012 |
|  Flutter Treasury DAC<br>6.13%<sup>(3)</sup> | 06/04/31 | GBP | 525000 | 731523 |
|  Flutter Treasury DAC (Ireland)<br>5.00%<sup>(1)</sup> | 04/29/29 | EUR | 100000 | 122019 |
|  Great Canadian Gaming Corp./Raptor LLC (Canada)<br>8.75%<sup>(1)</sup> | 11/15/29 |  | 1074000 | 1092322 |
|  LHMC Finco 2 SARL (Luxemburg) (8.63% Cash or 9.38% PIK) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.38%<sup>(3)</sup> | 05/15/30 | EUR | 1000000 | 1236557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.38%<sup>(1)</sup> | 05/15/30 | EUR | 1037180 | 1282532 |
|  Light & Wonder International, Inc.<br>6.25%<sup>(1)</sup> | 10/01/33 |  | 1081000 | 1097031 |
|  Ontario Gaming GTA LP/OTG Co-Issuer, Inc. (Canada)<br>8.00%<sup>(1)</sup> | 08/01/30 |  | 2484000 | 2387919 |
|  Rivers Enterprise Borrower LLC/Rivers Enterprise Finance Corp.<br>6.63%<sup>(1)</sup> | 02/01/33 |  | 803000 | 817992 |
|  Rivers Enterprise Lender LLC/Rivers Enterprise Lender Corp.<br>6.25%<sup>(1)</sup> | 10/15/30 |  | 1800000 | 1828224 |
|  Voyager Parent LLC<br>9.25%<sup>(1)</sup> | 07/01/32 |  | 803000 | 854320 |
|  Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.<br>6.25%<sup>(1)</sup> | 03/15/33 |  | 55000 | 56075 |
|  |  |  |  | 18052075 |
|  **Environmental Control — 0.3%** |  |  |  |  |
|  GFL Environmental, Inc.<br>4.00%<sup>(1)</sup> | 08/01/28 |  | 1819000 | 1790769 |
|  Luna 1.5 SARL (Luxemburg)<br>10.50%<sup>(3)</sup> | 07/01/32 | EUR | 1000000 | 1240350 |
|  Luna 2 5 SARL (Luxemburg) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%<sup>(3)</sup> | 07/01/32 | EUR | 1000000 | 1209187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%<sup>(1)</sup> | 07/01/32 | EUR | 1100000 | 1330105 |
|  Seche Environnement SACA (France)<br>5.87% (5 yr. EURIBOR ICE Swap + 3.707%)<sup>(2),(3),(4)</sup> | 01/09/31 | EUR | 1000000 | 1203628 |
|  |  |  |  | 6774039 |
|  **Financial — 0.1%** |  |  |  |  |
|  Nomura Corporate Funding Americas LLC<br>0.00% <sup>(6)</sup> | 10/27/26 |  | 3272889 | 3265689 |
|  **Food — 0.5%** |  |  |  |  |
|  JBS USA Holding Lux SARL/JBS USA Food Co./JBS Lux Co. SARL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75% | 12/01/31 |  | 385000 | 365839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75% | 04/01/33 |  | 2000000 | 2086460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75% | 03/15/34 |  | 2172000 | 2395477 |
|  Nexture SpA (Italy)<br>5.13% (3 mo. EUR EURIBOR + 3.125%)<sup>(1),(2),(5)</sup> | 07/30/32 | EUR | 200000 | 237776 |
|  Pilgrim's Pride Corp. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25% | 04/15/31 |  | 2930000 | 2857981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25% | 07/01/33 |  | 950000 | 1016443 |
|  Post Holdings, Inc. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%<sup>(1)</sup> | 09/15/31 |  | 993000 | 941026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%<sup>(1)</sup> | 04/15/30 |  | 1475000 | 1440337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%<sup>(1)</sup> | 10/15/34 |  | 950000 | 957952 |
|  Smithfield Foods, Inc.<br>5.20%<sup>(1)</sup> | 04/01/29 |  | 5000 | 5081 |
|  |  |  |  | 12304372 |
|  **Gas — 0.4%** |  |  |  |  |
|  AmeriGas Partners LP/AmeriGas Finance Corp.<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.38%<sup>(1)</sup> | 06/01/28 |  | 1176000 | 1216772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.50%<sup>(1)</sup> | 06/01/30 |  | 909000 | 975602 |
|  CenterPoint Energy Resources Corp.<br>5.40% | 03/01/33 |  | 765000 | 792356 |
|  KeySpan Gas East Corp.<br>5.99%<sup>(1)</sup> | 03/06/33 |  | 385000 | 405286 |
|  National Gas Transmission PLC (United Kingdom)<br>4.25%<sup>(3)</sup> | 04/05/30 | EUR | 200000 | 247731 |
|  NiSource, Inc.<br>5.75% (5 yr. CMT + 2.035%)<sup>(2)</sup> | 07/15/56 |  | 3160000 | 3181551 |
|  Northwest Natural Holding Co.<br>7.00% (5 yr. CMT + 2.701%)<sup>(2)</sup> | 09/15/55 |  | 2000000 | 2094720 |
|  Redexis SA (Spain)<br>4.38%<sup>(3)</sup> | 05/30/31 | EUR | 600000 | 732959 |
|  |  |  |  | 9646977 |
|  **Health Care-Products — 0.5%** |  |  |  |  |
|  180 Medical, Inc. (United Kingdom)<br>3.88%<sup>(1)</sup> | 10/15/29 |  | 269000 | 262337 |
|  Medline Borrower LP<br>3.88%<sup>(1)</sup> | 04/01/29 |  | 8925000 | 8738735 |
|  Sartorius Finance BV (Germany) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%<sup>(3)</sup> | 09/14/32 | EUR | 100000 | 124598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%<sup>(3)</sup> | 09/14/35 | EUR | 1600000 | 2026341 |
|  Stryker Corp.<br>4.70% | 02/10/28 |  | 1465000 | 1488030 |
|  |  |  |  | 12640041 |
|  **Health Care-Services — 1.3%** |  |  |  |  |
|  Centene Corp. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50% | 03/01/31 |  | 1000000 | 864930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63% | 08/01/31 |  | 1000000 | 860190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00% | 10/15/30 |  | 1323000 | 1184866 |
|  Cigna Group |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50% | 09/15/30 |  | 6995000 | 7041307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25% | 01/15/36 |  | 1000000 | 1013860 |
|  Elevance Health, Inc. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00% | 01/15/36 |  | 3500000 | 3471650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20% | 02/15/35 |  | 1185000 | 1202526 |
|  HCA, Inc. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38% | 07/15/31 |  | 2000000 | 1791820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38% | 09/01/26 |  | 1260000 | 1261915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63% | 09/01/28 |  | 3275000 | 3375739 |
|  Heartland Dental LLC/Heartland Dental Finance Corp.<br>10.50%<sup>(1)</sup> | 04/30/28 |  | 11000 | 11472 |
|  Humana, Inc.<br>5.55% | 05/01/35 |  | 570000 | 571750 |
|  Kedrion SpA (Italy)<br>6.50%<sup>(1)</sup> | 09/01/29 |  | 669000 | 661521 |
|  Mehilainen Yhtiot OYJ (Finland)<br>5.13%<sup>(1)</sup> | 06/30/32 | EUR | 1145000 | 1380556 |
|  ModivCare, Inc.<br>0.00%<sup>(1),(6),(7),(8)</sup> | 10/01/29 |  | 744450 | 11167 |
|  Molina Healthcare, Inc.<br>6.25%<sup>(1)</sup> | 01/15/33 |  | 2330000 | 2348617 |
|  Star Parent, Inc.<br>9.00%<sup>(1)</sup> | 10/01/30 |  | 810000 | 859442 |
|  Tenet Healthcare Corp.<br>5.13% | 11/01/27 |  | 1950000 | 1951501 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **Health Care-Services (Continued)** |  |  |  |
|  UnitedHealth Group, Inc.<br>5.63% | 07/15/54 | $3500000 | $3408685 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;33273514 |
|  **Home Builders — 0.0%** |  |  |  |
|  Installed Building Products, Inc.<br>5.63%<sup>(1)</sup> | 02/01/34 | 540000 | 544169 |
|  **Household Products/Wares — 0.1%** |  |  |  |
|  Spectrum Brands, Inc.<br>3.88%<sup>(1)</sup> | 03/15/31 | 2814000 | 2287698 |
|  **Housewares — 0.0%** |  |  |  |
|  Central Garden & Pet Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%<sup>(1)</sup> | 04/30/31 | 58000 | 54828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13% | 10/15/30 | 575000 | 552592 |
|  |  |  | 607420 |
|  **Insurance — 0.4%** |  |  |  |
|  Acrisure LLC/Acrisure Finance, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%<sup>(1)</sup> | 02/15/29 | 522000 | 505886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%<sup>(1)</sup> | 08/01/29 | 405000 | 400881 |
|  Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer<br>7.00%<sup>(1)</sup> | 01/15/31 | 52000 | 53952 |
|  Ardonagh Finco Ltd. (United Kingdom)<br>7.75%<sup>(1),(5)</sup> | 02/15/31 | 1350000 | 1396305 |
|  Asurion LLC & Asurion Co-Issuer, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%<sup>(1)</sup> | 12/31/32 | 1740000 | 1820057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%<sup>(1)</sup> | 02/01/34 | 1040000 | 1052189 |
|  Athene Global Funding<br>1.99%<sup>(1)</sup> | 08/19/28 | 15000 | 14152 |
|  Farmers Exchange Capital<br>7.05%<sup>(1)</sup> | 07/15/28 | 3000000 | 3140520 |
|  Farmers Exchange Capital II<br>6.15% (3 mo. USD Term SOFR + 4.006%)<sup>(1),(2)</sup> | 11/01/53 | 550000 | 540788 |
|  Farmers Exchange Capital III<br>5.45% (3 mo. USD Term SOFR + 3.716%)<sup>(1),(2)</sup> | 10/15/54 | 835000 | 790144 |
|  Farmers Insurance Exchange |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75% (3 mo. USD LIBOR + 3.231%)<sup>(1),(2)</sup> | 11/01/57 | 135000 | 113613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00% (10 yr. CMT + 3.864%)<sup>(1),(2)</sup> | 10/15/64 | 265000 | 271943 |
|  HUB International Ltd.<br>7.25%<sup>(1)</sup> | 06/15/30 | 417000 | 435823 |
|  Metropolitan Life Global Funding I<br>2.95%<sup>(1)</sup> | 04/09/30 | 15000 | 14267 |
|  Panther Escrow Issuer LLC<br>7.13%<sup>(1)</sup> | 06/01/31 | 375000 | 386535 |
|  |  |  | 10937055 |
|  **Internet — 1.2%** |  |  |  |
|  Alphabet, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50% | 11/06/38 | 1375000 | 1583714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00% | 11/06/44 | &nbsp;&nbsp;&nbsp;&nbsp;1305000 | 1512185 |
|  Amazon.com, Inc.<br>5.45% | 11/20/55 | 6100000 | 5941949 |
|  Cogent Communications Group LLC/Cogent Finance, Inc.<br>6.50%<sup>(1)</sup> | 07/01/32 | 1855000 | 1708010 |
|  Gen Digital, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%<sup>(1)</sup> | 04/01/33 | 250000 | 251462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%<sup>(1)</sup> | 09/30/27 | 328000 | 331316 |
|  Getty Images, Inc.<br>10.50%<sup>(1)</sup> | 11/15/30 | 2490000 | 2523042 |
|  ION Platform Finance U.S., Inc./ION Platform Finance SARL<br>8.75%<sup>(1)</sup> | 05/01/29 | 678000 | 647015 |
|  Meta Platforms, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60% | 11/15/32 | 8945000 | 8966200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88% | 11/15/35 | 2800000 | 2768444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63% | 11/15/55 | 2250000 | 2139255 |
|  Snap, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%<sup>(1)</sup> | 03/01/33 | 1258000 | 1291664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%<sup>(1)</sup> | 03/15/34 | 1845000 | 1885904 |
|  Uber Technologies, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30% | 01/15/30 | 700000 | 702380 |
|  ZipRecruiter, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%<sup>(1)</sup> | 01/15/30 | 59000 | 41001 |
|  |  |  | 32293541 |
|  **Investment Companies — 0.1%** |  |  |  |
|  Icahn Enterprises LP/Icahn Enterprises Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.75% | 01/15/29 | 370000 | 372531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.00%<sup>(1)</sup> | 11/15/29 | 2957000 | 2984796 |
|  |  |  | 3357327 |
|  **Iron & Steel — 0.2%** |  |  |  |
|  CSN Inova Ventures (Brazil) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%<sup>(1)</sup> | 01/28/28 | 2369000 | 2267275 |
|  CSN Resources SA (Brazil) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%<sup>(1)</sup> | 04/08/32 | 3851000 | 3147153 |
|  |  |  | 5414428 |
|  **Leisure Time — 0.0%** |  |  |  |
|  Sabre GLBL, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.75%<sup>(1)</sup> | 11/15/29 | 197000 | 160793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.75%<sup>(1)</sup> | 03/15/30 | 250000 | 200855 |
|  |  |  | 361648 |
|  **Lodging — 0.3%** |  |  |  |
|  Hyatt Hotels Corp.<br>5.05% | 03/30/28 | 3405000 | 3470444 |
|  Las Vegas Sands Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63% | 06/15/28 | 1825000 | 1868982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00% | 06/14/30 | 1500000 | 1565520 |
|  MGM Resorts International<br>6.50% | 04/15/32 | 527000 | 539780 |
|  |  |  | 7444726 |
|  **Machinery-Diversified — 0.1%** |  |  |  |
|  Columbus McKinnon Corp/NY<br>7.13%<sup>(1)</sup> | 02/01/33 | 605000 | 608527 |
|  Lsf12 Helix Parent LLC<br>7.13%<sup>(1),(5)</sup> | 02/01/33 | 1110000 | 1116016 |
|  Oregon Tool Lux LP<br>7.88%<sup>(1)</sup> | 10/15/29 | 549538 | 125421 |
|  |  |  | 1849964 |
|  **Media — 1.0%** |  |  |  |
|  AMC Networks, Inc.<br>10.25%<sup>(1)</sup> | 01/15/29 | 772000 | 805875 |
|  CCO Holdings LLC/CCO Holdings Capital Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%<sup>(1)</sup> | 02/01/31 | 1685000 | 1544572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%<sup>(1)</sup> | 06/01/33 | 1600000 | 1401008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50% | 05/01/32 | 220000 | 197787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%<sup>(1)</sup> | 06/01/29 | 2471000 | 2444363 |
|  Charter Communications Operating LLC/Charter Communications Operating Capital<br>2.80% | 04/01/31 | 140000 | 126293 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **Media (Continued)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70% | 04/01/51 | $530000 | $339772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90% | 06/01/52 | 1360000 | 888094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80% | 03/01/50 | 250000 | 189507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85% | 12/01/35 | 1175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1170018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65% | 02/01/34 | 246000 | 259136 |
|  CSC Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%<sup>(1)</sup> | 12/01/30 | 300000 | 112095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%<sup>(1)</sup> | 02/01/29 | 2430000 | 1562563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.75%<sup>(1)</sup> | 01/31/29 | 2896000 | 2118453 |
|  DISH DBS Corp.<br>5.13% | 06/01/29 | 1095000 | 970257 |
|  DISH Network Corp.<br>11.75%<sup>(1)</sup> | 11/15/27 | 1277000 | 1321772 |
|  Scripps Escrow II, Inc.<br>3.88%<sup>(1)</sup> | 01/15/29 | 937000 | 866959 |
|  Sinclair Television Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%<sup>(1)</sup> | 12/31/32 | 1000000 | 771490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%<sup>(1)</sup> | 02/15/33 | 1693000 | 1752204 |
|  Sirius XM Radio LLC<br>5.00%<sup>(1)</sup> | 08/01/27 | 1146000 | 1146722 |
|  Time Warner Cable LLC<br>5.50% | 09/01/41 | 1535000 | 1346579 |
|  Univision Communications, Inc.<br>8.50%<sup>(1)</sup> | 07/31/31 | 55000 | 57445 |
|  Virgin Media O2 Vendor Financing Notes VI DAC (Ireland)<br>8.50%<sup>(1)</sup> | 03/15/33 | 1285000 | 1276018 |
|  Virgin Media Secured Finance PLC (United Kingdom)<br>5.50%<sup>(1)</sup> | 05/15/29 | 1842000 | 1819306 |
|  VZ Secured Financing BV (Netherlands)<br>5.00%<sup>(1)</sup> | 01/15/32 | 1475000 | 1334064 |
|  Ziggo Bonds Co. BV (Netherlands)<br>5.13%<sup>(1)</sup> | 02/28/30 | 53000 | 47003 |
|  |  |  | 25869355 |
|  **Mining — 0.0%** |  |  |  |
|  Corp. Nacional del Cobre de Chile |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%<sup>(3)</sup> | 02/02/33 | 207000 | 208559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%<sup>(3)</sup> | 01/08/34 | 407000 | 425180 |
|  Corp. Nacional del Cobre de Chile (Chile)<br>5.13%<sup>(3)</sup> | 02/02/33 | 200000 | 201506 |
|  |  |  | 835245 |
|  **Miscellaneous Manufacturers — 0.1%** |  |  |  |
|  Dyno Nobel Ltd. (Australia)<br>5.40% | 11/08/32 | 2230000 | 1522782 |
|  Smiths Group PLC<br>3.63%<sup>(3)</sup> | 11/13/33 | 1060000 | 1246482 |
|  |  |  | 2769264 |
|  **Oil & Gas — 0.4%** |  |  |  |
|  Ecopetrol SA<br>8.38% | 01/19/36 | 1660000 | 1718199 |
|  KazMunayGas National Co. JSC (Kazakhstan)<br>3.50%<sup>(1)</sup> | 04/14/33 | 2073000 | 1877309 |
|  Sunoco LP |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%<sup>(1)</sup> | 03/15/34 | 1555000 | 1561640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%(5 yr. CMT + 4.230%)<sup>(1),(2),(4)</sup> | 09/18/30 | 4300000 | 4438976 |
|  Transocean International Ltd.<br>8.75%<sup>(1)</sup> | 02/15/30 | 236250 | 246480 |
|  Transocean Titan Financing Ltd.<br>8.38%<sup>(1)</sup> | 02/01/28 | 318952 | 325960 |
|  |  |  | 10168564 |
|  **Oil & Gas Services — 0.1%** |  |  |  |
|  Archrock Partners LP/Archrock Partners Finance Corp.<br>6.25%<sup>(1)</sup> | 04/01/28 | 103000 | 103308 |
|  Kodiak Gas Services LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%<sup>(1)</sup> | 10/01/33 | 728000 | 745923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%<sup>(1)</sup> | 10/01/35 | 500000 | 516790 |
|  WBI Operating LLC<br>6.50%<sup>(1)</sup> | 10/15/33 | 480000 | 484805 |
|  |  |  | 1850826 |
|  **Packaging & Containers — 0.5%** |  |  |  |
|  Amcor Finance USA, Inc.<br>4.50% | 05/15/28 | 245000 | 246923 |
|  Amcor Flexibles North America, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80% | 03/17/28 | 2225000 | 2258331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10% | 03/17/30 | 1000000 | 1027570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50% | 03/17/35 | 755000 | 780881 |
|  Amcor Group Finance PLC<br>5.45% | 05/23/29 | 2170000 | 2252829 |
|  Amcor U.K. Finance PLC<br>3.75% | 02/20/33 | 700000 | 829487 |
|  Ardagh Group SA<br>9.50%<sup>(1)</sup> | 12/01/30 | 2085000 | 2256012 |
|  Ardagh Group SA (5.50% Cash or 6.50% PIK) due 5/30/26<br>12.00%<sup>(1)</sup> | 12/01/30 | 382000 | 361204 |
|  Berry Global, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65% | 01/15/27 | 40000 | 39147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50% | 04/15/28 | 255000 | 262938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65% | 01/15/34 | 150000 | 156549 |
|  Clearwater Paper Corp.<br>4.75%<sup>(1)</sup> | 08/15/28 | 822000 | 781393 |
|  Graphic Packaging International LLC<br>6.38%<sup>(1)</sup> | 07/15/32 | 1285000 | 1300214 |
|  Sealed Air Corp.<br>6.50%<sup>(1)</sup> | 07/15/32 | 131000 | 136223 |
|  Sealed Air Corp./Sealed Air Corp. U.S.<br>7.25%<sup>(1)</sup> | 02/15/31 | 1005000 | 1048557 |
|  |  |  | 13738258 |
|  **Pharmaceuticals — 0.7%** |  |  |  |
|  1261229 BC Ltd.<br>10.00%<sup>(1)</sup> | 04/15/32 | 3872000 | 3977977 |
|  Bayer U.S. Finance II LLC (Germany) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%<sup>(1)</sup> | 12/15/28 | 510000 | 511719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%<sup>(1)</sup> | 07/15/44 | 245000 | 198472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%<sup>(1)</sup> | 06/25/38 | 750000 | 688800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%<sup>(1)</sup> | 06/25/48 | 2080000 | 1777214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%<sup>(1)</sup> | 11/21/33 | 500000 | 544385 |
|  Bayer U.S. Finance LLC (Germany)<br>6.88%<sup>(1)</sup> | 11/21/53 | 345000 | 377040 |
|  CVS Health Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.78% | 03/25/38 | 75000 | 70350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05% | 03/25/48 | 3250000 | 2857855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88% | 06/01/53 | 212000 | 204429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75% (5 yr. CMT + 2.516%)<sup>(2)</sup> | 12/10/54 | 1290000 | 1341910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00% (5 yr. CMT + 2.886%)<sup>(2)</sup> | 03/10/55 | 1275000 | 1334287 |
|  Dolcetto Holdco SpA (Italy)<br>5.63%<sup>(3)</sup> | 07/14/32 | 625000 | 755520 |
|  Grifols SA (Spain)<br>7.50%<sup>(3)</sup> | 05/01/30 | 827000 | 1026799 |
|  Paradigm Parent LLC & Paradigm Parent Co-Issuer, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%<sup>(1)</sup> | 04/17/32 | 932000 | 835277 |
|  Teva Pharmaceutical Finance Netherlands III BV (Israel)<br>6.00% | 12/01/32 | 274000 | 287344 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **Pharmaceuticals (Continued)** |  |  |  |
|  Teva Pharmaceutical Finance Netherlands IV BV (Israel)<br>5.75% | 12/01/30 | $274000 | $283850 |
|  |  |  | 17073228 |
|  **Pipelines — 0.7%** |  |  |  |
|  CQP Holdco LP/BIP-V Chinook Holdco LLC<br>5.50%<sup>(1)</sup> | 06/15/31 | 1860000 | 1850905 |
|  Energy Transfer LP<br>6.63% (3 mo. USD LIBOR + 4.155%)<sup>(2),(4)</sup> | 02/15/28 | 2733000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2766999 |
|  Global Partners LP/GLP Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88% | 01/15/29 | 430000 | 435968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%<sup>(1)</sup> | 01/15/32 | 425000 | 448273 |
|  ITT Holdings LLC<br>6.50%<sup>(1)</sup> | 08/01/29 | 1963000 | 1893686 |
|  NGL Energy Operating LLC/NGL Energy Finance Corp.<br>8.38%<sup>(1)</sup> | 02/15/32 | 2373000 | 2484436 |
|  NGPL PipeCo LLC<br>4.88%<sup>(1)</sup> | 08/15/27 | 40000 | 40208 |
|  Pipeline Funding Co. LLC<br>7.50%<sup>(1)</sup> | 01/15/30 | 133770 | 137259 |
|  Rockies Express Pipeline LLC<br>6.88%<sup>(1)</sup> | 04/15/40 | 216000 | 221251 |
|  Southern Natural Gas Co. LLC<br>4.80%<sup>(1)</sup> | 03/15/47 | 65000 | 57021 |
|  TransMontaigne Partners LLC<br>8.50%<sup>(1)</sup> | 06/15/30 | 650000 | 674901 |
|  Venture Global Calcasieu Pass LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%<sup>(1)</sup> | 11/01/33 | 750000 | 652763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%<sup>(1)</sup> | 08/15/31 | 580000 | 535653 |
|  Venture Global LNG, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00% (5 yr. CMT + 5.440%)<sup>(1),(2),(4)</sup> | 09/30/29 | 4255000 | 3750485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.88%<sup>(1)</sup> | 02/01/32 | 922000 | 976444 |
|  Venture Global Plaquemines LNG LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%<sup>(1)</sup> | 01/15/34 | 128000 | 133023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%<sup>(1)</sup> | 01/15/36 | 1224000 | 1284086 |
|  |  |  | 18343361 |
|  **Real Estate — 0.1%** |  |  |  |
|  Blackstone Property Partners Europe Holdings SARL (Luxembourg)<br>1.00%<sup>(3)</sup> | 05/04/28 | &nbsp;&nbsp;&nbsp;&nbsp;195000 | 221921 |
|  DVI Deutsche Vermoegens- & Immobilienverwaltungs GmbH (Germany)<br>4.88%<sup>(3)</sup> | 08/21/30 | 800000 | 982759 |
|  Vonovia SE (Germany) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.75%<sup>(3)</sup> | 09/01/32 | 100000 | 99440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.72%<sup>(3)</sup> | 09/03/35 | 1750000 | 1181652 |
|  |  |  | 2485772 |
|  **REIT — 0.9%** |  |  |  |
|  American Assets Trust LP<br>3.38% | 02/01/31 | 1200000 | 1095228 |
|  American Homes 4 Rent LP<br>3.38% | 07/15/51 | 675000 | 452358 |
|  American Tower Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10% | 06/15/30 | 2550000 | 2322081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90% | 01/15/30 | 3000000 | 2849400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70% | 12/15/32 | 2000000 | 2002560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90% | 03/15/30 | 500000 | 510805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55% | 07/15/33 | 1500000 | 1568460 |
|  Americold Realty Operating Partnership LP (REIT)<br>5.60% | 05/15/32 | 1120000 | 1136162 |
|  Boston Properties LP (REIT)<br>2.75% | 10/01/26 | 10000 | 9913 |
|  Crown Castle, Inc. (REIT)<br>2.10% | 04/01/31 | 1250000 | 1104800 |
|  Digital Dutch Finco BV |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%<sup>(3)</sup> | 02/01/31 | 220000 | 235622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%<sup>(3)</sup> | 03/15/35 | 500000 | 584105 |
|  Equinix Europe 2 Financing Corp. LLC (REIT)<br>3.63% | 11/22/34 | 490000 | 565482 |
|  Extra Space Storage LP<br>2.40% | 10/15/31 | 71000 | 63132 |
|  GLP Capital LP/GLP Financing II, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00% | 01/15/31 | 73000 | 69898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30% | 01/15/29 | 2500000 | 2549625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75% | 06/01/28 | 10000 | 10254 |
|  Healthcare Realty Holdings LP |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10% | 02/15/30 | 35000 | 33219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63% | 01/15/28 | 150000 | 148517 |
|  Host Hotels & Resorts LP (REIT)<br>5.70% | 06/15/32 | 1475000 | 1539915 |
|  Hudson Pacific Properties LP |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25% | 01/15/30 | 422000 | 358421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95% | 11/01/27 | 2226000 | 2138629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95% | 02/15/28 | 638000 | 629247 |
|  Iron Mountain, Inc. (REIT)<br>6.25%<sup>(1)</sup> | 01/15/33 | 1395000 | 1411754 |
|  LXP Industrial Trust<br>2.70% | 09/15/30 | 160000 | 146766 |
|  VICI Properties LP/VICI Notes Co., Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%<sup>(1)</sup> | 02/15/29 | 30000 | 29481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%<sup>(1)</sup> | 02/01/27 | 65000 | 65688 |
|  WP Carey, Inc. (REIT)<br>4.25% | 07/23/32 | 200000 | 245360 |
|  |  |  | 23876882 |
|  **Retail — 0.8%** |  |  |  |
|  BCPE Flavor Debt Merger Sub LLC & BCPE Flavor Issuer, Inc.<br>9.50%<sup>(1)</sup> | 07/01/32 | 1990000 | 1899156 |
|  Ferrellgas LP/Ferrellgas Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%<sup>(1)</sup> | 04/01/29 | 926000 | 891229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%<sup>(1)</sup> | 01/15/31 | 3180000 | 3287039 |
|  FirstCash, Inc.<br>6.88%<sup>(1)</sup> | 03/01/32 | 320000 | 332832 |
|  HOA RoyaltyCo LLC Series 2025-1, Class A-2I<br>4.72%<sup>(1)</sup> | 11/22/55 | 793589 | 158728 |
|  LCM Investments Holdings II LLC<br>8.25%<sup>(1)</sup> | 08/01/31 | 50000 | 52712 |
|  Lithia Motors, Inc.<br>3.88%<sup>(1)</sup> | 06/01/29 | 325000 | 314529 |
|  Macy's Retail Holdings LLC<br>7.38%<sup>(1)</sup> | 08/01/33 | 676000 | 714870 |
|  Michaels Cos., Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%<sup>(1)</sup> | 05/01/28 | 2299000 | 2277435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%<sup>(1)</sup> | 05/01/29 | 1710000 | 1668686 |
|  Murphy Oil USA, Inc.<br>3.75%<sup>(1)</sup> | 02/15/31 | 58000 | 54491 |
|  Papa John's International, Inc.<br>3.88%<sup>(1)</sup> | 09/15/29 | 2535000 | 2425741 |
|  Punch Finance PLC (United Kingdom)<br>7.88%<sup>(3)</sup> | 12/30/30 | 910000 | 1285207 |
|  Staples, Inc.<br>10.75%<sup>(1)</sup> | 09/01/29 | 821000 | 807421 |
|  Suburban Propane Partners LP/Suburban Energy Finance Corp.<br>6.50%<sup>(1)</sup> | 12/15/35 | 4360000 | 4341034 |
|  |  |  | 20511110 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **Semiconductors — 0.1%** |  |  |  |
|  Foundry JV Holdco LLC<br>5.50%<sup>(1)</sup> | 01/25/31 | $185000 | $191793 |
|  Intel Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00% | 08/12/31 | 560000 | 492408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25% | 11/15/49 | 520000 | 338416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.73% | 12/08/47 | 2000000 | 1443080 |
|  |  |  | 2465697 |
|  **Software — 0.6%** |  |  |  |
|  Cloud Software Group, Inc.<br>8.25%<sup>(1)</sup> | 06/30/32 | 1580000 | 1609040 |
|  Fiserv, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55% | 02/15/31 | 675000 | 671024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25% | 08/11/35 | 2370000 | 2354571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45% | 03/15/34 | 1505000 | 1522624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63% | 08/21/33 | 675000 | 694251 |
|  Open Text Corp. (Canada)<br>6.90%<sup>(1)</sup> | 12/01/27 | 760000 | 785209 |
|  Open Text Holdings, Inc. (Canada)<br>4.13%<sup>(1)</sup> | 12/01/31 | 2350000 | 2113755 |
|  Paychex, Inc.<br>5.10% | 04/15/30 | 3880000 | 3991395 |
|  RingCentral, Inc.<br>8.50%<sup>(1)</sup> | 08/15/30 | 336000 | 353032 |
|  SS&C Technologies, Inc.<br>5.50%<sup>(1)</sup> | 09/30/27 | 52000 | 51982 |
|  TeamSystem SpA (Italy)<br>5.27% (3 mo. EUR EURIBOR + 3.250%)<sup>(1),(2)</sup> | 07/01/32 | 800000 | 945359 |
|  UKG, Inc.<br>6.88%<sup>(1)</sup> | 02/01/31 | 950000 | 950456 |
|  ZoomInfo Technologies LLC/ZoomInfo Finance Corp.<br>3.88%<sup>(1)</sup> | 02/01/29 | 282000 | 257900 |
|  |  |  | 16300598 |
|  **Telecommunications — 0.8%** |  |  |  |
|  Altice Financing SA (Luxembourg)<br>9.63%<sup>(1)</sup> | 07/15/27 | 4553000 | 3529121 |
|  Altice France SA |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%<sup>(1)</sup> | 04/15/32 | 1133875 | 1108884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.50%<sup>(1)</sup> | 11/01/29 | 940890 | 967498 |
|  EchoStar Corp.<br>10.75% | 11/30/29 | 688000 | 754715 |
|  Frontier Communications Holdings LLC<br>8.63%<sup>(1)</sup> | 03/15/31 | 1351000 | 1414186 |
|  Global Switch Finance BV (United Kingdom)<br>1.38%<sup>(3)</sup> | 10/07/30 | 725000 | 810712 |
|  Level 3 Financing, Inc.<br>6.88%<sup>(1)</sup> | 06/30/33 | 380000 | 392000 |
|  Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC<br>5.15%<sup>(1)</sup> | 09/20/29 | 1156950 | 1165130 |
|  T-Mobile USA, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55% | 02/15/31 | 6996000 | 6400431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70% | 01/15/35 | 1000000 | 978520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00% | 02/15/36 | 1300000 | 1286844 |
|  Vmed O2 U.K. Financing I PLC (United Kingdom)<br>4.75%<sup>(1)</sup> | 07/15/31 | 69000 | 63185 |
|  Windstream Services LLC/Windstream Escrow Finance Corp.<br>8.25%<sup>(1)</sup> | 10/01/31 | 417000 | 437800 |
|  Zayo Group Holdings, Inc. (5.75% Cash or 0.50% PIK) due 3/29/27<br>9.25%<sup>(1)</sup> | 03/09/30 | 1606811 | 1569887 |
|  |  |  | 20878913 |
|  **Toys/Games/Hobbies — 0.1%** |  |  |  |
|  Mattel, Inc.<br>5.00% | 11/17/30 | 2200000 | 2221780 |
|  **Transportation — 0.1%** |  |  |  |
|  Aurizon Network Pty. Ltd. (Australia)<br>2.90%<sup>(3)</sup> | 09/02/30 | 1700000 | 1053578 |
|  Pacific National Finance Pty. Ltd. (Australia)<br>3.70% | 09/24/29 | 1650000 | 1057485 |
|  |  |  | 2111063 |
|  **Water — 0.4%** |  |  |  |
|  DWR Cymru Financing U.K. PLC<br>2.38%<sup>(3)</sup> | 03/31/34 | 2130000 | 2244639 |
|  Severn Trent Utilities Finance PLC (United Kingdom)<br>3.88%<sup>(3)</sup> | 08/04/37 | 3300000 | 3861545 |
|  Suez SACA (France)<br>2.88%<sup>(3)</sup> | 05/24/34 | 1300000 | 1444106 |
|  United Utilities Water Finance PLC (United Kingdom)<br>3.75%<sup>(3)</sup> | 05/23/34 | 420000 | 499684 |
|  Veolia Environnement SA (France) (I/F)<br>2.50% (-5 yr. EUR Swap + 2.840%)<sup>(2),(3),(4)</sup> | 01/20/29 | 800000 | 922401 |
|  Yorkshire Water Finance PLC (United Kingdom)<br>6.38%<sup>(3)</sup> | 11/18/34 | 1550000 | 2196661 |
|  |  |  | 11169036 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Corporate Bonds** (Cost: $551,988,236) |  |  | 557098134 |
|  **MUNICIPAL BONDS — 0.1%** |  |  |  |
|  City of Los Angeles Department of Airports, Revenue Bonds<br>3.89% | 05/15/38 | 100000 | 92949 |
|  City of New York, General Obligation Unlimited<br>3.62% | 04/01/31 | 155000 | 151282 |
|  County of Miami-Dade Aviation Revenue, Revenue Bonds<br>2.61% | 10/01/32 | 100000 | 88990 |
|  Empire State Development Corp., Revenue Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00% | 03/15/33 | 100000 | 84691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.54% | 03/15/34 | 40000 | 34884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.54% | 03/15/34 | 135000 | 117359 |
|  New York City Transitional Finance Authority Future Tax Secured Revenue, Revenue Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.85% | 08/01/32 | 75000 | 64490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00% | 11/01/53 | 1235000 | 1264834 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Municipal Bonds** (Cost: $1,953,808) |  |  | 1899479 |
|  **FOREIGN GOVERNMENT BONDS — 1.6%** |  |  |  |
|  Brazil Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00% | 10/20/33 | 1539000 | 1557560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13% | 03/15/34 | 814000 | 823662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63% | 03/15/35 | 867000 | 892377 |
|  Colombia Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75% | 11/07/36 | 1940000 | 2037349 |
|  Guatemala Government Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%<sup>(3)</sup> | 10/07/33 | 507000 | 452954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%<sup>(3)</sup> | 08/15/36 | 3034000 | 3169741 |
|  Hungary Government International Bonds<br>5.50%<sup>(1)</sup> | 03/26/36 | 546000 | 542325 |
|  Mexico Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88% | 05/19/33 | 1293000 | 1239211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63% | 09/22/35 | 2551000 | 2501434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35% | 02/09/35 | 610000 | 634668 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Principal<br>Amount** | **Value** |
|  **FOREIGN GOVERNMENT BONDS (Continued)** |  |  |  |  |
|  New South Wales Treasury Corp. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%<sup>(3)</sup> | 02/24/38 | AUD | 7030000 | $4788183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25% | 02/22/39 | AUD | 1195000 | 805876 |
|  Queensland Treasury Corp.<br>5.25%<sup>(3)</sup> | 08/13/38 | AUD | 3450000 | 2329976 |
|  Republic of South Africa Government International Bonds |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88% | 06/22/30 |  | 632000 | 651068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88% | 04/20/32 |  | 557000 | 571449 |
|  Romania Government International Bonds |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%<sup>(3)</sup> | 03/24/35 |  | 1900000 | 1887118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%<sup>(1)</sup> | 05/16/36 |  | 594000 | 621936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%<sup>(3)</sup> | 05/16/36 |  | 2732000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2860486 |
|  Treasury Corp. of Victoria |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00% | 11/20/37 | AUD | 2415000 | 1164382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50% | 09/15/39 | AUD | 2010000 | 1376066 |
|  Turkiye Government Bonds<br>36.00% | 08/12/26 | TRY | 487500000 | 11399476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Government Bonds** (Cost: $41,585,845) |  |  |  | 42307297 |
|  **ASSET-BACKED SECURITIES** — **16.3%** |  |  |  |  |
|  522 Funding CLO Ltd. Series 2020-6A, Class CR2<br>5.62% (3 mo. USD Term SOFR + 1.950%)<sup>(1),(2)</sup> | 10/23/34 |  | 1100000 | 1101360 |
|  Abry Liquid Credit CLO Ltd. Series 2025-2A, Class C<br>5.78% (3 mo. USD Term SOFR + 2.100%)<sup>(1),(2)</sup> | 01/15/39 |  | 5750000 | 5773431 |
|  AIMCO CLO Series 2017-AA, Class SUB<br>0.00%<sup>(1),(6)</sup> | 01/20/38 |  | 4250000 | 1899482 |
|  AIMCO CLO 14 Ltd. Series 2021-14A, Class SUB<br>0.00%<sup>(1),(6)</sup> | 10/20/38 |  | 700000 | 467645 |
|  Aligned Data Centers Issuer LLC Series 2022-1A, Class A2<br>6.35%<sup>(1)</sup> | 10/15/47 |  | 4505000 | 4515156 |
|  Alinea CLO Ltd. Series 2018-1A, Class DR<br>5.92% (3 mo. USD Term SOFR + 2.250%)<sup>(1),(2)</sup> | 07/20/31 |  | 750000 | 751223 |
|  Allegro CLO XVI Ltd. Series 2024-1A, Class C<br>6.37% (3 mo. USD Term SOFR + 2.700%)<sup>(1),(2)</sup> | 04/25/37 |  | 1000000 | 1004141 |
|  ALLO Issuer LLC Series 2023-1A, Class C<br>12.18%<sup>(1)</sup> | 06/20/53 |  | 3149000 | 3331440 |
|  ALLO Issuer LLC Series 2024-1A, Class C<br>11.19%<sup>(1)</sup> | 07/20/54 |  | 2734000 | 2915417 |
|  ALLO Issuer LLC Series 2025-1A, Class C<br>8.10%<sup>(1)</sup> | 04/20/55 |  | 1750000 | 1807958 |
|  AMMC CLO 23 Ltd. Series 2020-23A, Class D1R3<br>6.87% (3 mo. USD Term SOFR + 3.200%)<sup>(1),(2)</sup> | 07/17/38 |  | 3200000 | 3218806 |
|  AMMC CLO 24 Ltd. Series 2021-24A, Class BR<br>5.27% (3 mo. USD Term SOFR + 1.600%)<sup>(1),(2)</sup> | 01/20/35 |  | 700000 | 700992 |
|  AMMC CLO 27 Ltd. Series 2022-27A, Class CR<br>5.47% (3 mo. USD Term SOFR + 1.800%)<sup>(1),(2)</sup> | 01/20/37 |  | 3000000 | 3002106 |
|  Anchorage Credit Funding 19 Ltd. Series 2025-19A, Class C<br>5.59%<sup>(1)</sup> | 10/25/40 |  | 2300000 | 2289427 |
|  Angel Oak Mortgage Trust Series 2025-HB1, Class M3<br>6.75% (30 day USD SOFR Average + 3.050%)<sup>(1),(2)</sup> | 02/25/55 |  | 1832000 | 1851859 |
|  APL Finance DAC Series 2025-1A, Class C<br>5.82%<sup>(1)</sup> | 03/20/36 |  | 3509000 | 3513771 |
|  Aqueduct European CLO 9 DAC Series 2025-9A, Class B<br>3.77% (3 mo. EUR EURIBOR + 1.750%)<sup>(1),(2)</sup> | 04/15/38 | EUR | 1775000 | 2108574 |
|  Arbour CLO VI DAC Series 6A, Class BR<br>3.96% (3 mo. EUR EURIBOR + 1.900%)<sup>(1),(2)</sup> | 11/15/37 | EUR | 1500000 | 1782073 |
|  Arbour CLO VII DAC Series 7A, Class BR<br>4.15% (3 mo. EUR EURIBOR + 2.050%)<sup>(1),(2)</sup> | 12/15/38 | EUR | 1350000 | 1609423 |
|  Aurium CLO XIII DAC Series 13A, Class B<br>3.72% (3 mo. EUR EURIBOR + 1.700%)<sup>(1),(2)</sup> | 04/15/38 | EUR | 1775000 | 2106971 |
|  Avis Budget Rental Car Funding AESOP LLC Series 2021-1A, Class D<br>3.71%<sup>(1)</sup> | 08/20/27 |  | 1540000 | 1531703 |
|  Avis Budget Rental Car Funding AESOP LLC Series 2021-2A, Class D<br>4.08%<sup>(1)</sup> | 02/20/28 |  | 3682000 | 3646968 |
|  Avis Budget Rental Car Funding AESOP LLC Series 2023-3A, Class D<br>7.32%<sup>(1)</sup> | 02/20/28 |  | 3580000 | 3635221 |
|  Avis Budget Rental Car Funding AESOP LLC Series 2023-4A, Class D<br>7.31%<sup>(1)</sup> | 06/20/29 |  | 5605000 | 5763632 |
|  Avis Budget Rental Car Funding AESOP LLC Series 2023-5A, Class D<br>7.35%<sup>(1)</sup> | 04/20/28 |  | 2780000 | 2826170 |
|  Bain Capital Credit CLO Ltd. Series 2020-4A, Class DBR2 (I/F)<br>6.62% (3 mo. USD Term SOFR+ 2.950%)<sup>(1),(2)</sup> | 10/20/36 |  | 2100000 | 2105765 |
|  Bain Capital Credit CLO Ltd. Series 2020-4A, Class ERR (I/F)<br>10.42% (3 mo. USD Term SOFR+ 6.750%)<sup>(1),(2)</sup> | 10/20/36 |  | 1000000 | 1003354 |
|  Bain Capital Credit CLO Ltd. Series 2021-3A, Class CR<br>5.57% (3 mo. USD Term SOFR + 1.900%)<sup>(1),(2)</sup> | 07/24/34 |  | 1200000 | 1201577 |
|  Bain Capital Credit CLO Ltd. Series 2023-2A, Class SUB<br>0.00%<sup>(1),(6)</sup> | 07/18/38 |  | 3200000 | 1904342 |
|  Ballyrock CLO 19 Ltd. Series 2022-19A, Class CR<br>6.77% (3 mo. USD Term SOFR + 3.100%)<sup>(1),(2)</sup> | 04/20/35 |  | 2000000 | 2003944 |
|  Ballyrock CLO 20 Ltd. Series 2022-20A, Class C1R3 (I/F)<br>0.00% (-3 mo. USD Term SOFR + 2.800%)<sup>(1),(2),(5)</sup> | 10/15/36 |  | 1400000 | 1401050 |
|  Bardot CLO Ltd. Series 2019-2A, Class DRR<br>6.17% (3 mo. USD Term SOFR + 2.500%)<sup>(1),(2)</sup> | 10/22/32 |  | 1200000 | 1200701 |
|  Basswood Park CLO Ltd. Series 2021-1A, Class SUB<br>0.00%<sup>(1),(6)</sup> | 04/20/34 |  | 3000000 | 1132908 |
|  Bayard Park CLO Ltd. Series 2025-1A, Class SUB<br>0.00%<sup>(1),(6)</sup> | 07/24/38 |  | 2150000 | 1437834 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **ASSET-BACKED SECURITIES (Continued)** |  |  |  |
|  Bayfront Iabs VII Pte. Ltd. Series 7A, Class C<br>6.74% (1 day USD SOFR + 2.950%)<sup>(1),(2)</sup> | 04/11/48 | $2100000 | $2106287 |
|  BBAM U.S. CLO VI Ltd. Series 2025-6A, Class SUB<br>0.00%<sup>(1),(6)</sup> | 01/27/39 | 2200000 | 1743738 |
|  BCRED CLO LLC Series 2023-1A, Class A<br>5.97% (3 mo. USD Term SOFR + 2.300%)<sup>(1),(2)</sup> | 01/20/36 | 1200000 | 1205186 |
|  Blackbird Capital II Aircraft Lease Ltd. Series 2021-1A, Class B<br>3.45%<sup>(1)</sup> | 07/15/46 | 4643144 | 4466545 |
|  Blue Stream Issuer LLC Series 2023-1A, Class C<br>8.90%<sup>(1)</sup> | 05/20/53 | 4200000 | 4315004 |
|  Blue Stream Issuer LLC Series 2024-1A, Class C<br>8.71%<sup>(1)</sup> | 11/20/54 | 2430000 | 2542061 |
|  BMO SBA COOF Trust Series 2019-1, Class A (I/O)<br>1.28%<sup>(1),(10)</sup> | 10/25/45 | 1525345 | 42978 |
|  Carvana Auto Receivables Trust Series 2021-N3, Class R<br>0.00%<sup>(1) (11)</sup> | 06/12/28 | 1500 | 108327 |
|  Carvana Auto Receivables Trust Series 2022-P2, Class R<br>0.00%<sup>(1),(11)</sup> | 05/10/29 | 3050 | 366544 |
|  Carvana Auto Receivables Trust Series 2023-N3, Class R<br>0.00%<sup>(1),(11)</sup> | 09/10/30 | 2200 | 427840 |
|  Carvana Auto Receivables Trust Series 2023-N3, Class XS (I/O)<br>0.00%<sup>(1),(6)</sup> | 09/10/30 | 13593871 | 222600 |
|  Carvana Auto Receivables Trust Series 2023-P1, Class R<br>0.00%<sup>(1),(11)</sup> | 03/11/30 | 3100 | 205581 |
|  Carvana Auto Receivables Trust Series 2023-P2, Class R<br>0.00%<sup>(1),(11)</sup> | 06/10/30 | 2000 | 165179 |
|  Carvana Auto Receivables Trust Series 2023-P3, Class R<br>0.00%<sup>(1),(11)</sup> | 08/12/30 | 2000 | 210346 |
|  Castlelake Aircraft Structured Trust Series 2025-1A, Class A<br>5.78%<sup>(1)</sup> | 02/15/50 | 3295280 | 3349178 |
|  Castlelake Aircraft Structured Trust Series 2025-2A, Class A<br>5.47%<sup>(1)</sup> | 08/15/50 | 2065695 | 2086398 |
|  Castlelake Aircraft Structured Trust Series 2025-3A, Class A<br>5.09%<sup>(1)</sup> | 11/15/50 | 1609626 | 1610852 |
|  CIFC Funding Ltd. Series 2017-4A, Class A2R<br>5.48% (3 mo. USD Term SOFR + 1.812%)<sup>(1),(2)</sup> | 10/24/30 | 575000 | 575335 |
|  CIFC Funding Ltd. Series 2022-2A, Class B<br>0.00%<sup>(1),(6)</sup> | 04/19/35 | 475000 | 266042 |
|  CLI Funding VIII LLC Series 2022-1A, Class B<br>3.12%<sup>(1)</sup> | 01/18/47 | 221584 | 202777 |
|  Cloud Capital Holdco LP Series 2024-1A, Class A2<br>5.78%<sup>(1)</sup> | 11/22/49 | 6145000 | 6184942 |
|  Cologix Data Centers U.S. Issuer LLC Series 2021-1A, Class A2<br>3.30%<sup>(1)</sup> | 12/26/51 | 15720000 | 15462544 |
|  Cologix Data Centers U.S. Issuer LLC Series 2021-1A, Class B<br>3.79%<sup>(1)</sup> | 12/26/51 | 2250000 | 2204181 |
|  Cologix Data Centers U.S. Issuer LLC Series 2021-1A, Class C<br>5.99%<sup>(1)</sup> | 12/26/51 | 3400000 | 3357000 |
|  Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC Series 2025-1A, Class C<br>9.41%<sup>(1)</sup> | 05/20/55 | 5965000 | 6303626 |
|  Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC Series 2025-4A, Class C<br>8.10%<sup>(1)</sup> | 12/20/55 | 3100000 | 3210983 |
|  Contego CLO XII DAC Series 12A, Class CR 4.48% (3 mo. EUR EURIBOR + 2.400%)<sup>(1),(2)</sup> | 01/25/40 | 3600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4323215 |
|  DailyPay Securitization Trust Series 2025-1A, Class B<br>6.20%<sup>(1)</sup> | 06/26/28 | 2920000 | 2949797 |
|  DataBank Issuer LLC Series 2021-1A, Class C 4.43% <sup>(1)</sup> | 02/27/51 | 1950000 | 1946474 |
|  Davis Park CLO Ltd. Series 2022-1A, Class D1R<br>6.77% (3 mo. USD Term SOFR + 3.100%)<sup>(1),(2)</sup> | 07/20/38 | 3500000 | 3531601 |
|  Diamond Infrastructure Funding LLC Series 2021-1A, Class C<br>3.48%<sup>(1)</sup> | 04/15/49 | 5290000 | 5149682 |
|  Diamond Issuer LLC Series 2021-1A, Class C<br>3.79%<sup>(1)</sup> | 11/20/51 | 2735000 | 2651521 |
|  Dryden 45 Senior Loan Fund Series 2016-45A, Class CRR<br>5.62% (3 mo. USD Term SOFR + 1.950%)<sup>(1),(2)</sup> | 10/15/30 | 1300000 | 1301294 |
|  Edgeconnex Data Centers Issuer LLC Series 2022-1, Class A2<br>4.25%<sup>(1)</sup> | 03/25/52 | 8231250 | 8072535 |
|  Ellington Financial Mortgage Trust Series 2024-CES1, Class B1<br>7.04%<sup>(1),(10)</sup> | 01/26/60 | 4263000 | 4329628 |
|  Elmwood CLO 17 Ltd. Series 2022-4A, Class SUB<br>4.36%<sup>(1),(10)</sup> | 07/17/37 | 4000000 | 2289160 |
|  Elmwood CLO III Ltd. Series 2019-3A, Class ERR<br>9.62% (3 mo. USD Term SOFR + 5.950%)<sup>(1),(2)</sup> | 07/18/37 | 1900000 | 1906175 |
|  Elmwood CLO III Ltd. Series 2019-3A, Class SUB<br>0.00%<sup>(1),(6)</sup> | 07/18/37 | 3500000 | 1416265 |
|  Elmwood CLO VI Ltd. Series 2020-3A, Class D1RR<br>6.77% (3 mo. USD Term SOFR + 3.100%)<sup>(1),(2)</sup> | 07/18/37 | 3400000 | 3404865 |
|  eStruxture Issuer LP Series 2025-1, Class A2<br>5.89%<sup>(1)</sup> | 07/20/55 | 4740000 | 3507997 |
|  ExteNet Issuer LLC Series 2025-1A, Class C<br>8.27%<sup>(1)</sup> | 07/25/54 | 2500000 | 2565462 |
|  FHF Issuer Trust Series 2024-3A, Class A2<br>4.94%<sup>(1)</sup> | 11/15/30 | 2965504 | 2969871 |
|  Fidelity Grand Harbour CLO DAC Series 2023-1A, Class B1R<br>3.81% (3 mo. EUR EURIBOR + 1.750%)<sup>(1),(2)</sup> | 02/15/38 | 2140000 | 2542538 |
|  FIP Master Funding LLC Series 2025-1A, Class A5<br>5.66%<sup>(1)</sup> | 10/15/55 | 2500000 | 2512952 |
|  Flexential Issuer Series 2021-1A, Class B<br>3.72%<sup>(1)</sup> | 11/27/51 | 3000000 | 2961375 |
|  Flexential Issuer LLC Series 2021-1A, Class A2<br>3.25%<sup>(1)</sup> | 11/27/51 | 1860571 | 1838374 |
|  Flexential Issuer LLC Series 2021-1A, Class C<br>6.93%<sup>(1)</sup> | 11/27/51 | 6000000 | 5963159 |
|  GLS Auto Receivables Issuer Trust Series 2023-2A, Class D<br>6.31%<sup>(1)</sup> | 03/15/29 | 1110000 | 1136951 |
|  GoldenTree Loan Management U.S. CLO 15 Ltd. Series 2022-15A, Class DR2<br>6.32% (3 mo. USD Term SOFR + 2.650%)<sup>(1),(2)</sup> | 10/20/38 | 2500000 | 2522645 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **ASSET-BACKED SECURITIES (Continued)** |  |  |  |
|  GoldenTree Loan Management U.S. CLO 22 Ltd. Series 2024-22A, Class F<br>11.59% (3 mo. USD Term SOFR + 7.920%)<sup>(1),(2)</sup> | 10/20/37 | $1000000 | $993628 |
|  Harriman Park CLO Ltd. Series 2020-1A, Class ERR<br>9.67% (3 mo. USD Term SOFR + 6.000%)<sup>(1),(2)</sup> | 07/20/38 | 1950000 | 1925280 |
|  Hertz Vehicle Financing III LLC Series 2025-1A, Class D<br>7.98%<sup>(1)</sup> | 09/25/29 | 4000000 | 4116948 |
|  Hertz Vehicle Financing III LP Series 2021-2A, Class C<br>2.52%<sup>(1)</sup> | 12/27/27 | 950000 | 934445 |
|  Hertz Vehicle Financing III LP Series 2021-2A, Class D<br>4.34%<sup>(1)</sup> | 12/27/27 | 11990000 | 11858480 |
|  HOA Funding LLC<br>0.00%<sup>(1),(6),(9)</sup> | 08/20/51 | 814277 |  |
|  Hotwire Funding LLC Series 2021-1, Class C<br>4.46%<sup>(1)</sup> | 11/20/51 | 3000000 | 2982014 |
|  Hotwire Funding LLC Series 2024-1A, Class C<br>9.19%<sup>(1)</sup> | 06/20/54 | 2250000 | 2331667 |
|  HPS Loan Management Ltd. Series 2024-19A, Class C2<br>6.57% (3 mo. USD Term SOFR + 2.900%)<sup>(1),(2)</sup> | 04/15/37 | 1000000 | 1003065 |
|  Huntington Bank Auto Credit-Linked Notes Series 2025-1, Class D<br>7.20% (30 day USD SOFR Average + 3.500%)<sup>(1),(2)</sup> | 03/21/33 | 873519 | 880352 |
|  Huntington Bank Auto Credit-Linked Notes Series 2025-2, Class C<br>6.05% (30 day USD SOFR Average + 2.350%)<sup>(1),(2)</sup> | 09/20/33 | 1322673 | 1326029 |
|  Huntington Bank Auto Credit-Linked Notes Series 2025-2, Class D<br>6.95% (30 day USD SOFR Average + 3.250%)<sup>(1),(2)</sup> | 09/20/33 | 1706674 | 1715524 |
|  Huntington Bank Auto Credit-Linked Notes Series 2025-2, Class E<br>10.30% (30 day USD SOFR Average + 6.600%)<sup>(1),(2)</sup> | 09/20/33 | 1341618 | 1351029 |
|  ICG U.S. CLO Ltd. Series 2022-1A, Class DR<br>6.77% (3 mo. USD Term SOFR + 3.100%)<sup>(1),(2)</sup> | 10/20/38 | 2800000 | 2835260 |
|  Invesco CLO Ltd. Series 2021-2A, Class SUB<br>0.00%<sup>(1),(6)</sup> | 07/15/34 | 5000000 | 1043975 |
|  Invesco CLO Ltd. Series 2021-2A, Class Y<br>0.00%<sup>(1),(6),(8),(9)</sup> | 07/15/34 | 500000 |  |
|  Invesco U.S. CLO Ltd. Series 2024-4A, Class SUB<br>0.00%<sup>(1),(6)</sup> | 01/15/38 | 1400000 | 888868 |
|  Invesco U.S. CLO Ltd. Series 2024-4A, Class Y<br>0.05%<sup>(1),(8),(9),(10)</sup> | 01/15/38 | 1400000 |  |
|  JG Wentworth XLII LLC Series 2018-2A, Class B<br>4.70%<sup>(1)</sup> | 10/15/77 | 137556 | 125524 |
|  JG Wentworth XXXIX LLC Series 2017-2A, Class B<br>5.09%<sup>(1)</sup> | 09/17/74 | 256772 | 233087 |
|  JGWPT XXX LLC Series 2013-3A, Class A<br>4.08%<sup>(1)</sup> | 01/17/73 | 29900 | 28709 |
|  JGWPT XXXII LLC Series 2014-2A, Class A<br>3.61%<sup>(1)</sup> | 01/17/73 | 30157 | 27576 |
|  Kinetic ABS Issuer LLC Series 2026-1A, Class C<br>7.65%<sup>(1)</sup> | 02/25/56 | 3500000 | 3562726 |
|  LCM 35 Ltd. Series 35A, Class BR<br>5.32% (3 mo. USD Term SOFR + 1.650%)<sup>(1),(2)</sup> | 10/15/34 | 1700000 | 1700971 |
|  LMDV Issuer Co. LLC Series 2025-1A, Class C<br>7.88%<sup>(1)</sup> | 12/15/55 | 6275000 | 6401744 |
|  LMRK Issuer Co. 2 LLC Series 2025-1A, Class B<br>6.20%<sup>(1)</sup> | 09/15/55 | 5705000 | 5785270 |
|  Lunar Structured Aircraft Portfolio Notes Series 2021-1, Class A<br>2.64%<sup>(1)</sup> | 10/15/46 | 1331175 | 1276257 |
|  Magnetite XLII Ltd. Series 2024-42A, Class SUB<br>0.00%<sup>(1),(6)</sup> | 01/25/38 | 7186000 | 4884109 |
|  MAPS Trust Series 2026-1A, Class B<br>6.13%<sup>(1),(5)</sup> | 01/15/51 | 3000000 | 3000097 |
|  Navient Student Loan Trust Series 2018-4A, Class B<br>5.11% (30 day USD SOFR Average + 1.414%)<sup>(1),(2)</sup> | 06/27/67 | 850000 | 812888 |
|  NCFA LLC – Loan Participation 1<br>2.75%<sup>(9)</sup> | 06/12/28 | 2008077 | 2008077 |
|  NCFA LLC – Loan Participation 2<br>3.14%<sup>(9)</sup> | 12/19/27 | 3127509 | 3127509 |
|  NCFA LLC – Loan Participation 3<br>7.90%<sup>(9),(10)</sup> | 04/11/30 | 1900000 | 1900000 |
|  Neuberger Berman CLO XVII Ltd. Series 2014-17A, Class ER3<br>10.42% (3 mo. USD Term SOFR + 6.750%)<sup>(1),(2)</sup> | 07/22/38 | 1800000 | 1825897 |
|  Neuberger Berman Loan Advisers CLO 26 Ltd. (17-26A)<br>0.00%<sup>(1),(6)</sup> | 10/18/38 | 5540000 | 1822012 |
|  Neuberger Berman Loan Advisers CLO 40 Ltd. Series 2021-40A, Class SUB<br>0.00%<sup>(1),(6)</sup> | 10/16/37 | 316250 | 141942 |
|  New Mountain CLO 8 Ltd. Series CLO-8A, Class M<br>0.00%<sup>(1),(6),(8),(9)</sup> | 10/20/38 | 400000 |  |
|  New Mountain CLO 8 Ltd. Series CLO-8A, Class SUB<br>0.00%<sup>(1),(6)</sup> | 10/20/38 | 4000000 | 2870224 |
|  Newday Funding Master Issuer PLC Series 2024-2X, Class E<br>7.63% (1 day GBP SONIA + 3.900%)<sup>(2),(3)</sup> | 07/15/32 | 1600000 | 2237045 |
|  Newday Funding Master Issuer PLC Series 2025-2A, Class E<br>6.73% (1 day GBP SONIA + 3.000%)<sup>(1),(2)</sup> | 07/15/33 | 2500000 | 3427297 |
|  NMEF Funding LLC Series 2025-B, Class E<br>7.66%<sup>(1)</sup> | 01/18/33 | 2300000 | 2348271 |
|  OCP Aegis CLO Ltd. Series 2023-29A, Class D2R<br>7.52% (3 mo. USD Term SOFR + 3.850%)<sup>(1),(2)</sup> | 01/20/36 | 1100000 | 1101878 |
|  OCP CLO Ltd. Series 2021-23A, Class SUB<br>0.00%<sup>(1),(6)</sup> | 01/17/37 | 4714493 | 2129994 |
|  Oxford Finance Funding Trust LLC Series 2025-1A, Class B<br>6.49%<sup>(1)</sup> | 02/15/35 | 3770000 | 3784921 |
|  Palmer Square CLO Ltd. Series 2015-1A, Class BR5<br>5.77% (3 mo. USD Term SOFR + 1.900%)<sup>(1),(2)</sup> | 05/21/34 | 1300000 | 1301726 |
|  Palmer Square CLO Ltd. Series 2015-1A, Class CR5<br>6.62% (3 mo. USD Term SOFR + 2.750%)<sup>(1),(2)</sup> | 05/21/34 | 2500000 | 2506468 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **ASSET-BACKED SECURITIES (Continued)** |  |  |  |
|  Palmer Square CLO Ltd. Series 2021-1A, Class SUB<br>0.00%<sup>(1),(6)</sup> | 04/20/38 | $2212000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1124152 |
|  Palmer Square European Loan Funding DAC Series 2024-3A, Class B<br>3.91% (3 mo. EUR EURIBOR + 1.850%)<sup>(1),(2)</sup> | 05/15/34 | 1400000 | 1667364 |
|  Park Avenue Institutional Advisers CLO Ltd. Series 2017-1A, Class B1R2<br>5.70% (3 mo. USD Term SOFR + 1.850%)<sup>(1),(2)</sup> | 02/14/34 | 2850000 | 2852779 |
|  Park Avenue Institutional Advisers CLO Ltd. Series 2021-1A, Class CR<br>6.82% (3 mo. USD Term SOFR + 3.150%)<sup>(1),(2)</sup> | 01/20/34 | 3400000 | 3411366 |
|  Park Avenue Institutional Advisers CLO Ltd. Series 2021-2A, Class DR<br>7.02% (3 mo. USD Term SOFR + 3.350%)<sup>(1),(2)</sup> | 07/15/34 | 2200000 | 2204088 |
|  PHEAA Student Loan Trust Series 2014-3A, Class A<br>4.40% (30 day USD SOFR Average + 0.704%)<sup>(1),(2)</sup> | 08/25/40 | 13148 | 13032 |
|  PRET LLC Series 2025-NPL8, Class A1<br>5.73%<sup>(1)</sup> | 08/25/55 | 4577776 | 4600237 |
|  PRET LLC Series 2025-NPL9, Class A1<br>5.39%<sup>(1)</sup> | 08/25/55 | 4091170 | 4138497 |
|  Pretium Mortgage Credit Partners LLC Series 2026-NPL1, Class A1<br>5.18%<sup>(1)</sup> | 01/25/56 | 6187035 | 6183984 |
|  QTS Issuer ABS II LLC Series 2026-1A, Class B<br>6.73%<sup>(1)</sup> | 01/05/56 | 3500000 | 3537787 |
|  RCKT Mortgage Trust Series 2024-CES7, Class B1<br>7.31%<sup>(1)</sup> | 10/25/44 | 4325000 | 4407743 |
|  RCKT Mortgage Trust Series 2025-CES1, Class B2B<br>6.64%<sup>(1),(10)</sup> | 01/25/45 | 2300000 | 2236075 |
|  RCKT Mortgage Trust Series 2025-CES4, Class B1<br>6.93%<sup>(1),(10)</sup> | 04/25/55 | 4450000 | 4584769 |
|  RCKT Mortgage Trust Series 2025-CES5, Class B1A<br>6.88%<sup>(1),(10)</sup> | 05/25/55 | 4500000 | 4589190 |
|  RCKT Mortgage Trust Series 2025-CES7, Class B1<br>6.97%<sup>(1),(10)</sup> | 07/25/55 | 3890000 | 3965286 |
|  RCKT Mortgage Trust Series 2025-CES8, Class B1A<br>6.04%<sup>(1),(10)</sup> | 08/25/55 | 5250000 | 5253457 |
|  Rockford Tower CLO Ltd. Series 2017-3A, Class A<br>5.12% (3 mo. USD Term SOFR + 1.452%)<sup>(1),(2)</sup> | 10/20/30 | 101 | 101 |
|  Rockford Tower CLO Ltd. Series 2019-1A, Class CR2<br>5.52% (3 mo. USD Term SOFR + 1.850%)<sup>(1),(2)</sup> | 04/20/34 | 2920000 | 2922243 |
|  Rockford Tower CLO Ltd. Series 2019-1A, Class DR<br>7.03% (3 mo. USD Term SOFR + 3.362%)<sup>(1),(2)</sup> | 04/20/34 | 1900000 | 1882549 |
|  Rockford Tower CLO Ltd. Series 2019-2A, Class BR2<br>5.54% (3 mo. USD Term SOFR + 1.650%)<sup>(1),(2)</sup> | 08/20/32 | 2000000 | 2004742 |
|  Rockford Tower CLO Ltd. Series 2021-3A, Class D2R<br>7.92% (3 mo. USD Term SOFR + 4.250%)<sup>(1),(2)</sup> | 01/15/38 | 2850000 | 2791558 |
|  Sabey Data Center Issuer LLC Series 2021-1, Class A2<br>1.88%<sup>(1)</sup> | 06/20/46 | 1325000 | 1308831 |
|  Sabey Data Center Issuer LLC Series 2023-1, Class A2<br>6.25%<sup>(1)</sup> | 04/20/48 | 175000 | 175535 |
|  Saluda Grade Alternative Mortgage Trust Series 2024-FIG5, Class E<br>8.49%<sup>(1)</sup> | 04/25/54 | 2506434 | 2609620 |
|  Saluda Grade Alternative Mortgage Trust Series 2025-LOC5, Class M3<br>6.52% (1 mo. USD Term SOFR + 2.850%)<sup>(1),(2)</sup> | 10/25/55 | 3580000 | 3594229 |
|  Santander Consumer Auto Receivables Trust Series 2021-CA, Class R<br>0.00%<sup>(1),(11)</sup> | 06/15/28 | 5150 | 556339 |
|  Sierra Timeshare Receivables Funding LLC Series 2024-2A, Class C<br>5.83%<sup>(1)</sup> | 06/20/41 | 416028 | 422501 |
|  Sierra Timeshare Receivables Funding LLC Series 2025-2A, Class D<br>6.79%<sup>(1)</sup> | 04/20/44 | 1364501 | 1371692 |
|  Sixth Street CLO VIII Ltd. Series 2017-8A, Class CR2<br>6.62% (3 mo. USD Term SOFR + 2.950%)<sup>(1),(2)</sup> | 10/20/34 | 3450000 | 3456807 |
|  Sixth Street CLO XX Ltd. Series 2021-20A, Class SUB<br>0.00%<sup>(1),(6)</sup> | 07/17/38 | 3100250 | 1643049 |
|  Skyline Aviation, Inc. Class A<br>3.23%<sup>(9)</sup> | 07/03/38 | 391487 | 370444 |
|  Slam Ltd. Series 2024-1A, Class A<br>5.34%<sup>(1)</sup> | 09/15/49 | 1983511 | 2010576 |
|  SLM Student Loan Trust Series 2004-1, Class B<br>4.65% (90 day USD SOFR Average + 0.762%)<sup>(2)</sup> | 07/25/39 | 95715 | 91029 |
|  SLM Student Loan Trust Series 2008-5, Class A4<br>5.85% (90 day USD SOFR Average + 1.962%)<sup>(2)</sup> | 07/25/23 | 21435 | 21587 |
|  SLM Student Loan Trust Series 2008-7, Class A4<br>5.05% (90 day USD SOFR Average + 1.162%)<sup>(2)</sup> | 07/25/23 | 6012 | 6010 |
|  SLM Student Loan Trust Series 2008-7, Class B<br>6.00% (90 day USD SOFR Average + 2.112%)<sup>(2)</sup> | 07/26/83 | 10000 | 9990 |
|  Stratus CLO Ltd. Series 2021-3A, Class SUB<br>0.00%<sup>(1),(6),(9)</sup> | 12/29/29 | 975000 | 98 |
|  Switch ABS Issuer LLC Series 2024-1A, Class B<br>6.50%<sup>(1)</sup> | 03/25/54 | 400000 | 402445 |
|  Switch ABS Issuer LLC Series 2024-2A, Class C<br>10.03%<sup>(1)</sup> | 06/25/54 | 2350000 | 2435592 |
|  Switch ABS Issuer LLC Series 2025-2A, Class B<br>6.24%<sup>(1)</sup> | 10/25/55 | 3215000 | 3191491 |
|  Taco Bell Funding LLC Series 2021-1A, Class A2I<br>1.95%<sup>(1)</sup> | 08/25/51 | 953025 | 931148 |
|  Textainer Marine Containers VII Ltd. Series 2021-1A, Class B<br>2.52%<sup>(1)</sup> | 02/20/46 | 465503 | 437244 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Principal<br>Amount** | **Value** | **Value** |
|  **ASSET-BACKED SECURITIES (Continued)** |  |  |  |  |  |
|  Trinitas CLO XXII Ltd. Series 2023-22A, Class D1R<br>6.77% (3 mo. USD Term SOFR + 3.100%)<sup>(1),(2)</sup> | 03/20/38 | $| 1740000 | $| 1760927 |
|  Truist Bank Auto Credit-Linked Notes Series 2025-1, Class C<br>6.81%<sup>(1)</sup> | 09/26/33 |  | 1941882 |  | 1948392 |
|  U.S. Bank C&I Credit-Linked Notes Series 2025-SUP2, Class D<br>5.90% (30 day USD SOFR Average + 2.200%)<sup>(1),(2)</sup> | 09/25/32 |  | 3976319 |  | 4005247 |
|  Unity-Peace Park CLO Ltd. Series 2022-1A, Class CR<br>0.00% (3 mo. USD Term SOFR + 1.650%)<sup>(1),(2),(5)</sup> | 04/20/35 |  | 2800000 |  | 2803077 |
|  Vantage Data Centers Jersey Borrower SPV Ltd. Series 2024-1A, Class A2<br>6.17%<sup>(1)</sup> | 05/28/39 | GBP | 1550000 |  | 2171941 |
|  Vault DI Issuer LLC Series 2021-1A, Class A2<br>2.80%<sup>(1)</sup> | 07/15/46 |  | 1700000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1680554 |
|  VB-S1 Issuer LLC Series 2022-1A, Class F<br>5.27%<sup>(1)</sup> | 02/15/52 |  | 2075000 |  | 2052787 |
|  Vista Point Securitization Trust Series 2024-CES2, Class A3<br>5.91%<sup>(1)</sup> | 10/25/54 |  | 2060000 |  | 2085853 |
|  Vista Point Securitization Trust Series 2024-CES2, Class B1<br>7.50%<sup>(1),(10)</sup> | 10/25/54 |  | 1000000 |  | 1018818 |
|  Voya CLO Ltd. Series 2019-4A, Class ER<br>10.64% (3 mo. USD Term SOFR + 6.972%)<sup>(1),(2)</sup> | 01/15/35 |  | 1351000 |  | 1357085 |
|  Western Funding Auto Loan Trust Series 2025-1, Class D<br>5.79%<sup>(1)</sup> | 01/15/36 |  | 2500000 |  | 2543169 |
|  Whetstone Park CLO Ltd. Series 2021-1A, Class SUB<br>0.00%<sup>(1),(6)</sup> | 01/20/35 |  | 2180000 |  | 623114 |
|  Wingstop Funding LLC Series 2020-1A, Class A2<br>2.84%<sup>(1)</sup> | 12/05/50 |  | 1477500 |  | 1434244 |
|  Wireless PropCo Funding LLC Series 2025-1A, Class C<br>8.51%<sup>(1)</sup> | 06/25/55 |  | 2250000 |  | 2299476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Asset-Backed Securities** (Cost: $429,983,911) |  |  |  |  | 425042757 |
|  **COMMERCIAL MORTGAGE-BACKED SECURITIES — AGENCY — 0.0%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES — AGENCY — 0.0%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES — AGENCY — 0.0%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES — AGENCY — 0.0%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES — AGENCY — 0.0%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES — AGENCY — 0.0%** |
|  Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K049, Class X3 (I/O)<br>4.19%<sup>(10)</sup> | 10/25/43 |  | 181304 |  | 17 |
|  Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K056, Class X3 (I/O)<br>2.11%<sup>(10)</sup> | 06/25/44 |  | 6243936 |  | 44597 |
|  Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K062, Class X3 (I/O)<br>2.08%<sup>(10)</sup> | 01/25/45 |  | 2999971 |  | 56726 |
|  Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K106, Class X1 (I/O)<br>1.31%<sup>(10)</sup> | 01/25/30 |  | 9081688 |  | 421428 |
|  Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K732, Class X3 (I/O)<br>4.10%<sup>(10)</sup> | 05/25/46 |  | 1138601 |  | 96 |
|  Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K735, Class X3 (I/O)<br>2.15%<sup>(10)</sup> | 05/25/47 |  | 3160000 |  | 18201 |
|  Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K736, Class X3 (I/O)<br>2.00%<sup>(10)</sup> | 09/25/47 |  | 2495000 |  | 21146 |
|  Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series KC05, Class X1 (I/O)<br>1.20%<sup>(10)</sup> | 06/25/27 |  | 539937 |  | 4623 |
|  Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series KLU1, Class X3 (I/O)<br>4.04%<sup>(10)</sup> | 01/25/31 |  | 135246 |  | 14709 |
|  Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series Q013, Class XPT2 (I/O)<br>1.81%<sup>(10)</sup> | 05/25/27 |  | 3482760 |  | 66591 |
|  Federal National Mortgage Association, Pool #462209<br>6.20%(1 yr. CMT + 2.176%)<sup>(2)</sup> | 04/01/36 |  | 36875 |  | 36659 |
|  Federal National Mortgage Association-ACES Series 2016-M11, Class X2 (ACES) (I/O)<br>2.99%<sup>(10)</sup> | 07/25/39 |  | 172392 |  | 3123 |
|  Federal National Mortgage Association-ACES Series 2016-M2, Class X3 (I/O)<br>2.04%<sup>(10)</sup> | 04/25/36 |  | 56866 |  | 3 |
|  Federal National Mortgage Association-ACES Series 2016-M4, Class X2 (I/O)<br>2.69%<sup>(10)</sup> | 01/25/39 |  | 389172 |  | 13735 |
|  Government National Mortgage Association Series 2009-111, Class IO (I/O)<br>0.00%<sup>(6)</sup> | 09/16/51 |  | 683972 |  | 6954 |
|  Government National Mortgage Association Series 2011-119, Class IO (I/O)<br>0.11%<sup>(10)</sup> | 08/16/51 |  | 1030405 |  | 900 |
|  Government National Mortgage Association Series 2012-123 (I/O)<br>0.61%<sup>(10)</sup> | 12/16/51 |  | 1332774 |  | 21707 |
|  Government National Mortgage Association Series 2012-135 (I/O)<br>0.36%<sup>(10)</sup> | 01/16/53 |  | 205463 |  | 2798 |
|  Government National Mortgage Association Series 2013-33, Class IO (I/O)<br>0.15%<sup>(10)</sup> | 04/16/54 |  | 283190 |  | 515 |
|  Government National Mortgage Association Series 2014-126, Class IO (I/O)<br>0.70%<sup>(10)</sup> | 02/16/55 |  | 4263863 |  | 130574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Commercial Mortgage-Backed Securities — Agency** (Cost: $2,107,680) |  |  |  |  | 865102 |
|  **COMMERCIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY — 16.7%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY — 16.7%** |  |  |  |  |
|  1211 Avenue of the Americas Trust Series 2015-1211, Class A1A2<br>3.90%<sup>(1)</sup> | 08/10/35 |  | 2715000 |  | 2642374 |
|  1211 Avenue of the Americas Trust Series 2015-1211, Class C<br>4.14%<sup>(1),(10)</sup> | 08/10/35 |  | 1080000 |  | 1022153 |
|  1211 Avenue of the Americas Trust Series 2015-1211, Class D<br>4.14%<sup>(1),(10)</sup> | 08/10/35 |  | 4365000 |  | 4014163 |
|  1345 Trust Series 2025-AOA, Class D<br>6.68% (1 mo. USD Term SOFR + 3.000%)<sup>(1),(2)</sup> | 06/15/42 |  | 3000000 |  | 3019253 |
|  245 Park Avenue Trust Series 2017-245P, Class E<br>3.66%<sup>(1),(10)</sup> | 06/05/37 |  | 4800000 |  | 4626745 |
|  280 Park Avenue Mortgage Trust Series 2017-280P, Class C<br>5.22% (1 mo. USD Term SOFR + 1.550%)<sup>(1),(2)</sup> | 09/15/34 |  | 1700000 |  | 1692098 |
|  280 Park Avenue Mortgage Trust Series 2017-280P, Class E<br>6.09% (1 mo. USD Term SOFR + 2.419%)<sup>(1),(2)</sup> | 09/15/34 |  | 4430280 |  | 4393989 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity**<br>**Date** | **Principal**<br>**Amount** | **Value** |
|  **COMMERCIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** |  |  |  |
|  ACRE Multifamily Housing Mortgage Loan Trust Series 2022-Q018, Class B<br>7.71% (30 day USD SOFR Average + 4.000%)<sup>(1),(2)</sup> | 06/25/27 | $3070725 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3067670 |
|  ACREC LLC Series 2026-FL4, Class C<br>5.80% (1 mo. USD Term SOFR + 2.000%)<sup>(1),(2)</sup> | 01/18/43 | 4000000 | 4007502 |
|  AMSR Trust Series 2021-SFR1, Class G<br>4.61%<sup>(1)</sup> | 06/17/38 | 2500000 | 2445856 |
|  AMSR Trust Series 2021-SFR2, Class F1<br>3.28%<sup>(1)</sup> | 08/17/38 | 1225000 | 1209753 |
|  AMSR Trust Series 2021-SFR2, Class F2<br>3.67%<sup>(1)</sup> | 08/17/38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3850000 | 3805737 |
|  AMSR Trust Series 2021-SFR3, Class G<br>3.80%<sup>(1)</sup> | 10/17/38 | 4260000 | 4210661 |
|  AMSR Trust Series 2021-SFR3, Class H<br>4.90%<sup>(1)</sup> | 10/17/38 | 1500000 | 1492585 |
|  AMSR Trust Series 2021-SFR3, Class I<br>5.88%<sup>(1)</sup> | 10/17/38 | 4520000 | 4515627 |
|  AMSR Trust Series 2022-SFR1, Class F<br>6.02%<sup>(1)</sup> | 03/17/39 | 3150000 | 3140454 |
|  AMSR Trust Series 2022-SFR1, Class G<br>5.00%<sup>(1)</sup> | 03/17/39 | 3290000 | 3245233 |
|  AMSR Trust Series 2024-SFR1, Class E<br>4.29%<sup>(1)</sup> | 07/17/41 | 4653000 | 4475411 |
|  AMSR Trust Series 2025-SFR1, Class F1<br>3.66%<sup>(1)</sup> | 06/17/42 | 3000000 | 2697923 |
|  AMSR Trust Series 2025-SFR2, Class E2<br>4.28%<sup>(1)</sup> | 11/17/42 | 4560000 | 4267554 |
|  Arbor Realty Commercial Real Estate Notes LLC Series 2025-FL1, Class C<br>6.37% (1 mo. USD Term SOFR + 2.693%)<sup>(1),(2)</sup> | 01/20/43 | 2300000 | 2317951 |
|  ARZ Trust Series 2024-BILT, Class F<br>8.27%<sup>(1)</sup> | 06/11/39 | 2325000 | 2417822 |
|  ARZ Trust Series 2024-BILT, Class G<br>8.80%<sup>(1)</sup> | 06/11/39 | 2400000 | 2492103 |
|  Banc of America Commercial Mortgage Trust Series 2015-UBS7, Class XE (I/O)<br>1.25%<sup>(1),(10)</sup> | 09/15/48 | 500000 | 144 |
|  Bank Series 2020-BN25, Class C<br>3.35%<sup>(10)</sup> | 01/15/63 | 5941000 | 5217354 |
|  BBCMS Trust Series 2015-SRCH, Class D<br>4.96%<sup>(1),(10)</sup> | 08/10/35 | 5000000 | 4806036 |
|  Benchmark Mortgage Trust Series 2024-V10, Class C<br>5.68%<sup>(10)</sup> | 09/15/57 | 1338000 | 1333016 |
|  Benchmark Mortgage Trust Series 2024-V8, Class C<br>6.95%<sup>(10)</sup> | 07/15/57 | 2000000 | 2095209 |
|  BFLD Commercial Mortgage Trust Series 2024-UNIV, Class D<br>6.37% (1 mo. USD Term SOFR + 2.691%)<sup>(1),(2)</sup> | 11/15/41 | 3010000 | 3034168 |
|  BGME Trust Series 2021-VR, Class C<br>2.99%<sup>(1),(10)</sup> | 01/10/43 | 1600000 | 1234519 |
|  BGME Trust Series 2021-VR, Class D<br>2.99%<sup>(1),(10)</sup> | 01/10/43 | 1700000 | 1254949 |
|  BPR Commercial Mortgage Trust Series 2024-PARK, Class E<br>10.01%<sup>(1),(10)</sup> | 11/05/39 | 2690000 | 2942611 |
|  BPR Trust Series 2021-TY, Class D<br>6.15% (1 mo. USD Term SOFR + 2.464%)<sup>(1),(2)</sup> | 09/15/38 | 1750000 | 1749557 |
|  BX Commercial Mortgage Trust Series 2020-VIV2, Class C<br>3.54%<sup>(1),(10)</sup> | 03/09/44 | 1100000 | 1036899 |
|  BX Commercial Mortgage Trust Series 2020-VIVA, Class E<br>3.55%<sup>(1),(10)</sup> | 03/11/44 | 1200000 | 1086125 |
|  BX Commercial Mortgage Trust Series 2025-BCAT, Class D<br>6.33% (1 mo. USD Term SOFR + 2.650%)<sup>(1),(2)</sup> | 08/15/42 | 4216453 | 4241361 |
|  BX Commercial Mortgage Trust Series 2025-BCAT, Class E<br>7.18% (1 mo. USD Term SOFR + 3.500%)<sup>(1),(2)</sup> | 08/15/42 | 6209686 | 6215463 |
|  BX Commercial Mortgage Trust Series 2025-SPOT, Class E<br>7.37% (1 mo. USD Term SOFR + 3.690%)<sup>(1),(2)</sup> | 04/15/40 | 2085277 | 2102135 |
|  BX Mortgage Trust Series 2021-PAC, Class G<br>6.74% (1 mo. USD Term SOFR + 3.061%)<sup>(1),(2)</sup> | 10/15/36 | 2059000 | 2058931 |
|  BX Trust Series 2019-OC11, Class E<br>3.94%<sup>(1),(10)</sup> | 12/09/41 | 3000000 | 2786412 |
|  BX Trust Series 2022-CLS, Class B<br>6.30%<sup>(1)</sup> | 10/13/27 | 2955000 | 2977354 |
|  BX Trust Series 2022-LBA6, Class D<br>5.68% (1 mo. USD Term SOFR + 2.000%)<sup>(1),(2)</sup> | 01/15/39 | 1240000 | 1241187 |
|  BX Trust Series 2023-LIFE, Class C<br>5.88%<sup>(1)</sup> | 02/15/28 | 3920000 | 3796916 |
|  BX Trust Series 2023-LIFE, Class D<br>6.87%<sup>(1)</sup> | 02/15/28 | 4300000 | 4152665 |
|  BX Trust Series 2024-BIO, Class B<br>5.62% (1 mo. USD Term SOFR + 1.941%)<sup>(1),(2)</sup> | 02/15/41 | 2000000 | 2002703 |
|  BX Trust Series 2024-BIO, Class C<br>6.32% (1 mo. USD Term SOFR + 2.640%)<sup>(1),(2)</sup> | 02/15/41 | 1837000 | 1825098 |
|  BX Trust Series 2024-BIO, Class D<br>7.32% (1 mo. USD Term SOFR + 3.639%)<sup>(1),(2)</sup> | 02/15/41 | 1530000 | 1518712 |
|  BX Trust Series 2025-LUNR, Class E<br>7.63% (1 mo. USD Term SOFR + 3.950%)<sup>(1),(2)</sup> | 06/15/40 | 1708864 | 1719020 |
|  BX Trust Series 2025-ROIC, Class E<br>6.62% (1 mo. USD Term SOFR + 2.941%)<sup>(1),(2)</sup> | 03/15/30 | 1608524 | 1605709 |
|  BX Trust Series 2025-VLT6, Class E<br>6.87% (1 mo. USD Term SOFR + 3.191%)<sup>(1),(2)</sup> | 03/15/42 | 1400000 | 1402590 |
|  BX Trust Series 2025-VLT7, Class D<br>6.93% (1 mo. USD Term SOFR + 3.250%)<sup>(1),(2)</sup> | 07/15/44 | 5620000 | 5667784 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal**<br>**Amount** | **Value** |
|  **COMMERCIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** | **COMMERCIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** | **COMMERCIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** | **COMMERCIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** |
|  BXHPP Trust Series 2021-FILM, Class E<br>5.79% (1 mo. USD Term SOFR + 2.114%)<sup>(1),(2)</sup> | 08/15/36 | $1200000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1079488 |
|  BXP Trust Series 2017-GM, Class D<br>3.42%<sup>(1),(10)</sup> | 06/13/39 | 1000000 | 973622 |
|  BXP Trust Series 2017-GM, Class E<br>3.42%<sup>(1),(10)</sup> | 06/13/39 | 750000 | 720992 |
|  BXSC Commercial Mortgage Trust Series 2022-WSS, Class B<br>5.77% (1 mo. USD Term SOFR + 2.092%)<sup>(1),(2)</sup> | 03/15/35 | 1749690 | 1753876 |
|  Caister Finance DAC Series 1A, Class E<br>9.61% (1 day GBP SONIA + 5.750%)<sup>(1),(2)</sup> | 08/17/35 | 2115000 | 2894903 |
|  CD Mortgage Trust Series 2016-CD1, Class XA (I/O)<br>1.33%<sup>(10)</sup> | 08/10/49 | 7838157 | 9813 |
|  Century Plaza Towers Series 2019-CPT, Class F<br>3.00%<sup>(1),(10)</sup> | 11/13/39 | 450000 | 354019 |
|  CGMS Commercial Mortgage Trust Series 2017-B1, Class XF (I/O)<br>0.80%<sup>(1),(10)</sup> | 08/15/50 | 11628000 | 122134 |
|  CHI Commercial Mortgage Trust Series 2025-SFT, Class D<br>7.57%<sup>(1),(10)</sup> | 04/15/42 | 1920000 | 2002506 |
|  Citigroup Commercial Mortgage Trust Series 2016-GC36, Class XA (I/O)<br>0.99%<sup>(10)</sup> | 02/10/49 | 1295630 | 34 |
|  Citigroup Commercial Mortgage Trust Series 2020-555, Class A<br>2.65%<sup>(1)</sup> | 12/10/41 | 1450000 | 1324231 |
|  COMM Mortgage Trust Series 2012-CR4, Class XA (I/O)<br>1.14%<sup>(10)</sup> | 10/15/45 | 160043 | 3224 |
|  COMM Mortgage Trust Series 2012-LC4, Class XB (I/O)<br>0.43%<sup>(1),(8),(10)</sup> | 12/10/44 | 794643 | 12 |
|  COMM Mortgage Trust Series 2014-CR19, Class XC (I/O)<br>0.77%<sup>(1),(10)</sup> | 08/10/47 | 854520 | 4755 |
|  COMM Mortgage Trust Series 2014-UBS5, Class XA (I/O)<br>0.59%<sup>(10)</sup> | 09/10/47 | 1442020 | 23 |
|  COMM Mortgage Trust Series 2015-LC21, Class XE (I/O)<br>0.99%<sup>(1),(10)</sup> | 07/10/48 | 10015000 | 325 |
|  COMM Mortgage Trust Series 2016-787S, Class D<br>3.83%<sup>(1),(10)</sup> | 02/10/36 | 950000 | 933824 |
|  COMM Mortgage Trust Series 2016-CR28, Class XA (I/O)<br>0.51%<sup>(10)</sup> | 02/10/49 | 998134 | 20 |
|  CONE Trust Series 2024-DFW1, Class B<br>5.97% (1 mo. USD Term SOFR + 2.291%)<sup>(1),(2)</sup> | 08/15/41 | 1267000 | 1268675 |
|  CoreVest American Finance Ltd. Series 2021-1, Class XB (I/O)<br>1.41%<sup>(1),(10)</sup> | 04/15/53 | 4459000 | 185477 |
|  CoreVest American Finance Trust Series 2019-3, Class XA (I/O)<br>2.00%<sup>(1),(10)</sup> | 10/15/52 | 44709 | 3 |
|  CSAIL Commercial Mortgage Trust Series 2019-C16, Class XA (I/O)<br>1.53%<sup>(10)</sup> | 06/15/52 | 531453 | 21744 |
|  DBGS Mortgage Trust Series 2021-W52, Class B<br>5.69% (1 mo. USD Term SOFR+ 2.011%)<sup>(1),(2)</sup> | 10/15/39 | 3600000 | 3582101 |
|  DBGS Mortgage Trust Series 2021-W52, Class C<br>6.25% (1 mo. USD Term SOFR + 2.564%)<sup>(1),(2)</sup> | 10/15/39 | 1350000 | 1333429 |
|  DBJPM Mortgage Trust Series 2016-C1, Class XA (I/O)<br>1.20%<sup>(10)</sup> | 05/10/49 | 4158204 | 154 |
|  DBSG Mortgage Trust Series 2024-ALTA, Class D<br>7.06%<sup>(1),(10)</sup> | 06/10/37 | 500000 | 504260 |
|  Del Amo Fashion Center Trust Series 2017-AMO, Class D<br>3.64%<sup>(1),(10)</sup> | 06/05/35 | 1515000 | 1443675 |
|  DGWD Trust Series 2025-INFL, Class E<br>7.68% (1 mo. USD Term SOFR + 4.000%)<sup>(1),(2)</sup> | 08/15/35 | 2425000 | 2449359 |
|  DOLP Trust Series 2021-NYC, Class A<br>2.96%<sup>(1)</sup> | 05/10/41 | 1458000 | 1323041 |
|  DOLP Trust Series 2021-NYC, Class E<br>3.70%<sup>(1),(10)</sup> | 05/10/41 | 600000 | 496545 |
|  DOLP Trust Series 2021-NYC, Class G<br>3.70%<sup>(1),(10)</sup> | 05/10/41 | 2250000 | 1631795 |
|  DROP Mortgage Trust Series 2021-FILE, Class A<br>4.94% (1 mo. USD Term SOFR + 1.264%)<sup>(1),(2)</sup> | 10/15/43 | 5200000 | 5162351 |
|  ELP Commercial Mortgage Trust Series 2025-ELP, Class E<br>6.67%<sup>(1),(10)</sup> | 11/13/42 | 4150000 | 4237212 |
|  Extended Stay America Trust Series 2025-ESH, Class D<br>6.28% (1 mo. USD Term SOFR + 2.600%)<sup>(1),(2)</sup> | 10/15/42 | 5540000 | 5601875 |
|  FirstKey Homes Trust Series 2021-SFR1, Class F1<br>3.24%<sup>(1)</sup> | 08/17/38 | 4000000 | 3955327 |
|  FirstKey Homes Trust Series 2021-SFR1, Class F3<br>3.69%<sup>(1)</sup> | 08/17/38 | 3393000 | 3355922 |
|  FirstKey Homes Trust Series 2021-SFR3, Class E1<br>2.99%<sup>(1)</sup> | 12/17/38 | 944000 | 926200 |
|  FirstKey Homes Trust Series 2022-SFR1, Class D<br>5.20%<sup>(1)</sup> | 05/19/39 | 1600000 | 1597308 |
|  Fontainebleau Miami Beach Mortgage Trust Series 2024-FBLU, Class D<br>6.28% (1 mo. USD Term SOFR + 2.600%)<sup>(1),(2)</sup> | 12/15/39 | 5000000 | 5044615 |
|  Fontainebleau Miami Beach Mortgage Trust Series 2024-FBLU, Class E<br>6.83% (1 mo. USD Term SOFR + 3.150%)<sup>(1),(2)</sup> | 12/15/39 | 3887000 | 3925661 |
|  FRTKL Group, Inc. Series 2021-SFR1, Class F<br>3.17%<sup>(1)</sup> | 09/17/38 | 1779000 | 1743800 |
|  FRTKL Group, Inc. Series 2021-SFR1, Class G<br>4.11%<sup>(1)</sup> | 09/17/38 | 5073000 | 4971814 |
|  FS Commercial Mortgage Trust Series 2023-4SZN, Class E<br>10.42%<sup>(1),(10)</sup> | 11/10/39 | 1000000 | 1023071 |
|  Great Wolf Trust Series 2024-WOLF, Class E<br>7.32% (1 mo. USD Term SOFR + 3.639%)<sup>(1),(2)</sup> | 03/15/39 | 3225000 | 3251620 |
|  Great Wolf Trust Series 2024-WOLF, Class F<br>8.12% (1 mo. USD Term SOFR + 4.438%)<sup>(1),(2)</sup> | 03/15/39 | 2610000 | 2634381 |
|  GS Mortgage Securities Corp. Trust Series 2017-375H, Class B<br>3.48%<sup>(1),(10)</sup> | 09/10/37 | 2920000 | 2823368 |
|  GS Mortgage Securities Corp. Trust Series 2024-UPTN, Class E<br>9.38%(1 mo. USD Term SOFR + 5.700%)<sup>(1),(2)</sup> | 10/15/29 | 1450000 | 1422054 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **COMMERCIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** | **COMMERCIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** | **COMMERCIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** | **COMMERCIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** |
|  GS Mortgage Securities Trust Series 2011-GC5, Class XA (I/O)<br>0.00%<sup>(1),(6)</sup> | 08/10/44 | $239803 | $170 |
|  GS Mortgage Securities Trust Series 2015-GC34, Class XA (I/O)<br>0.84%<sup>(10)</sup> | 10/10/48 | 461028 | 251 |
|  GS Mortgage Securities Trust Series 2016-GS2, Class XA (I/O)<br>1.64%<sup>(10)</sup> | 05/10/49 | 143969 | 6 |
|  GS Mortgage Securities Trust Series 2016-GS4, Class XA (I/O)<br>0.50%<sup>(10)</sup> | 11/10/49 | 13149029 | 16140 |
|  GWT Trust Series 2024-WLF2, Class B<br>5.82% (1 mo. USD Term SOFR + 2.141%)<sup>(1),(2)</sup> | 05/15/41 | 522000 | 524740 |
|  HAVN Trust Series 2025-MOB, Class D<br>7.48% (1 mo. USD Term SOFR + 3.800%)<sup>(1),(2)</sup> | 10/15/35 | 3315000 | 3319091 |
|  Hilton USA Trust Series 2016-HHV, Class F<br>4.19%<sup>(1),(10)</sup> | 11/05/38 | 1835000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1803221 |
|  Hilton USA Trust Series 2025-NVIL, Class E<br>8.97% (1 mo. USD Term SOFR + 5.288%)<sup>(1),(2)</sup> | 07/15/42 | 1010000 | 1023283 |
|  Hilton USA Trust Series 2025-NVIL, Class F<br>10.62% (1 mo. USD Term SOFR + 6.936%)<sup>(1),(2)</sup> | 07/15/42 | 1075000 | 1086069 |
|  Hudson Yards Mortgage Trust Series 2019-30HY, Class D<br>3.44%<sup>(1),(10)</sup> | 07/10/39 | 800000 | 748211 |
|  Hudson Yards Mortgage Trust Series 2019-55HY, Class D<br>2.94%<sup>(1),(10)</sup> | 12/10/41 | 4000000 | 3638178 |
|  Hudson Yards Mortgage Trust Series 2025-SPRL, Class E<br>6.68%<sup>(1),(10)</sup> | 01/13/40 | 1000000 | 1040820 |
|  Hudson Yards Mortgage Trust Series 2025-SPRL, Class F<br>7.40%<sup>(1),(10)</sup> | 01/13/40 | 1550000 | 1575679 |
|  ILPT Commercial Mortgage Trust Series 2025-LPF2, Class E<br>8.20%<sup>(1),(10)</sup> | 07/13/42 | 2235000 | 2322555 |
|  IRV Trust Series 2025-200P, Class D<br>6.17%<sup>(1),(10)</sup> | 03/14/47 | 1370000 | 1399829 |
|  JPMBB Commercial Mortgage Securities Trust Series 2015-C30, Class XA (I/O)<br>0.00%<sup>(6)</sup> | 07/15/48 | 2969665 | 26 |
|  JPMBB Commercial Mortgage Securities Trust Series 2015-C30, Class XNR (I/O)<br>0.25%<sup>(1),(10)</sup> | 07/15/48 | 4710271 | 7365 |
|  JPMBB Commercial Mortgage Securities Trust Series 2015-C31, Class XA (I/O)<br>0.55%<sup>(10)</sup> | 08/15/48 | 236619 | 4 |
|  JPMCC Commercial Mortgage Securities Trust Series 2017-JP5, Class XA (I/O)<br>0.78%<sup>(10)</sup> | 03/15/50 | 3672282 | 23799 |
|  JPMDB Commercial Mortgage Securities Trust Series 2016-C2, Class XA (I/O)<br>1.39%<sup>(10)</sup> | 06/15/49 | 164327 | 75 |
|  JPMorgan Chase Commercial Mortgage Securities Trust Series 2012-CBX, Class XB (I/O)<br>0.50%<sup>(1),(10)</sup> | 06/15/45 | 47947005 | 88309 |
|  JPMorgan Chase Commercial Mortgage Securities Trust Series 2019-COR4, Class A3<br>3.76% | 03/10/52 | 500000 | 494356 |
|  JPMorgan Chase Commercial Mortgage Securities Trust Series 2020-LOOP, Class XB (I/O)<br>0.25%<sup>(1),(10)</sup> | 12/05/38 | 2010000 | 3031 |
|  JPMorgan Chase Commercial Mortgage Securities Trust Series 2020-NNN, Class XAFX (I/O)<br>1.88%<sup>(1),(10)</sup> | 01/16/37 | 450000 | 8513 |
|  JPMorgan Chase Commercial Mortgage Securities Trust Series 2020-NNN, Class XBFX (I/O)<br>0.57%<sup>(1),(10)</sup> | 01/16/37 | 1450000 | 8853 |
|  KSL Commercial Mortgage Trust Series 2025-MH, Class E<br>7.62% (1 mo. USD Term SOFR + 3.940%)<sup>(1),(2)</sup> | 12/15/42 | 6500000 | 6518194 |
|  Last Mile Logistics Pan Euro Finance DAC Series 1A, Class E<br>4.76% (3 mo. EUR EURIBOR + 2.700%)<sup>(1),(2)</sup> | 08/17/33 | 1004439 | 1190292 |
|  Last Mile Logistics Pan Euro Finance DAC Series 1A, Class F<br>5.71% (3 mo. EUR EURIBOR + 3.650%)<sup>(1),(2)</sup> | 08/17/33 | 490928 | 578911 |
|  Last Mile Logistics Pan Euro Finance DAC Series 1X, Class D<br>3.96% (3 mo. EUR EURIBOR + 1.900%)<sup>(2),(3)</sup> | 08/17/33 | 2405548 | 2853457 |
|  Last Mile Securities PE DAC Series 2021-1A, Class F<br>7.06% (3 mo. EUR EURIBOR + 5.000%)<sup>(1),(2)</sup> | 08/17/31 | 754845 | 894432 |
|  Last Mile Securities PE DAC Series 2021-1X, Class E<br>5.56% (3 mo. EUR EURIBOR + 3.500%)<sup>(2),(3)</sup> | 08/17/31 | 1199753 | 1422442 |
|  MAD Commercial Mortgage Trust Series 2025-11MD, Class D<br>6.57%<sup>(1),(10)</sup> | 10/15/42 | 2300000 | 2355101 |
|  MAD Commercial Mortgage Trust Series 2025-11MD, Class E<br>7.57%<sup>(1),(10)</sup> | 10/15/42 | 2300000 | 2287344 |
|  Morgan Stanley Bank of America Merrill Lynch Trust Series 2012-C5, Class XC (I/O)<br>0.13%<sup>(1),(8),(10)</sup> | 08/15/45 | 21030849 | 151 |
|  Morgan Stanley Bank of America Merrill Lynch Trust Series 2013-C12, Class XC (I/O)<br>1.04%<sup>(1),(10)</sup> | 10/15/46 | 15985117 | 229134 |
|  Morgan Stanley Bank of America Merrill Lynch Trust Series 2015-C22, Class XA (I/O)<br>0.52%<sup>(10)</sup> | 04/15/48 | 167072 | 3 |
|  Morgan Stanley Capital I Trust Series 2011-C2, Class XB (I/O)<br>0.49%<sup>(1),(10)</sup> | 06/15/44 | 10124887 | 37978 |
|  Natixis Commercial Mortgage Securities Trust Series 2018-ALXA, Class E<br>4.32%<sup>(1),(10)</sup> | 01/15/43 | 100000 | 87378 |
|  Natixis Commercial Mortgage Securities Trust Series 2020-2PAC, Class AMZ1<br>3.50%<sup>(1),(10)</sup> | 01/15/37 | 3041000 | 2652463 |
|  NXPT Commercial Mortgage Trust Series 2024-STOR, Class E<br>6.70%<sup>(1),(10)</sup> | 11/05/41 | 811000 | 822592 |
|  NYC Commercial Mortgage Trust Series 2021-909, Class D<br>3.21%<sup>(1),(10)</sup> | 04/10/43 | 1400000 | 1100602 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **COMMERCIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** | **COMMERCIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** | **COMMERCIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** | **COMMERCIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** |
|  NYC Commercial Mortgage Trust Series 2025-1155, Class C<br>6.81%<sup>(1)</sup> | 06/10/42 | $3800000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3898363 |
|  NYC Commercial Mortgage Trust Series 2025-1155, Class E<br>7.36%<sup>(1),(10)</sup> | 06/10/42 | 3355000 | 3340394 |
|  NYC Commercial Mortgage Trust Series 2025-3BP, Class D<br>6.12% (1 mo. USD Term SOFR + 2.441%)<sup>(1),(2)</sup> | 02/15/42 | 2050000 | 2061258 |
|  NYCT Trust Series 2024-3ELV, Class C<br>6.52% (1 mo. USD Term SOFR + 2.840%)<sup>(1),(2)</sup> | 08/15/29 | 6500000 | 6522156 |
|  NYO Commercial Mortgage Trust Series 2021-1290, Class B<br>5.34% (1 mo. USD Term SOFR + 1.659%)<sup>(1),(2)</sup> | 12/15/38 | 1780000 | 1777870 |
|  NYO Commercial Mortgage Trust Series 2021-1290, Class C<br>5.79% (1 mo. USD Term SOFR + 2.109%)<sup>(1),(2)</sup> | 11/15/38 | 820000 | 819230 |
|  NYO Commercial Mortgage Trust Series 2021-1290, Class D<br>6.34% (1 mo. USD Term SOFR + 2.659%)<sup>(1),(2)</sup> | 11/15/38 | 2765000 | 2749722 |
|  PFP Ltd. Series 2025-12, Class C<br>6.21% (1 mo. USD Term SOFR + 2.542%)<sup>(1),(2)</sup> | 12/18/42 | 2840000 | 2847968 |
|  PFP Ltd. Series 2025-12, Class D<br>6.76% (1 mo. USD Term SOFR + 3.091%)<sup>(1),(2)</sup> | 12/18/42 | 1834000 | 1836653 |
|  Progress Residential Trust Series 2021-SFR10, Class F<br>4.61%<sup>(1)</sup> | 12/17/40 | 1126026 | 1103190 |
|  Progress Residential Trust Series 2021-SFR10, Class H<br>5.23%<sup>(1)</sup> | 12/17/40 | 7987693 | 7838896 |
|  Progress Residential Trust Series 2021-SFR11, Class F<br>4.42%<sup>(1)</sup> | 01/17/39 | 1250000 | 1223731 |
|  Progress Residential Trust Series 2021-SFR3, Class G<br>4.25%<sup>(1)</sup> | 05/17/26 | 1211000 | 1205883 |
|  Progress Residential Trust Series 2021-SFR6, Class G<br>4.00%<sup>(1)</sup> | 07/17/38 | 1250000 | 1241357 |
|  Progress Residential Trust Series 2021-SFR8, Class G<br>4.01%<sup>(1)</sup> | 10/17/38 | 1488000 | 1469464 |
|  Progress Residential Trust Series 2021-SFR9, Class E1<br>2.81%<sup>(1)</sup> | 11/17/40 | 1531000 | 1455547 |
|  Progress Residential Trust Series 2022-SFR1, Class F<br>4.88%<sup>(1)</sup> | 02/17/41 | 1770000 | 1752085 |
|  Progress Residential Trust Series 2022-SFR1, Class G<br>5.52%<sup>(1)</sup> | 02/17/41 | 5160000 | 5123426 |
|  Progress Residential Trust Series 2022-SFR3, Class E2<br>5.60%<sup>(1)</sup> | 04/17/39 | 2895000 | 2897176 |
|  Progress Residential Trust Series 2023-SFR1, Class E1<br>6.15%<sup>(1)</sup> | 03/17/40 | 3600000 | 3603031 |
|  Progress Residential Trust Series 2023-SFR2, Class E1<br>4.75%<sup>(1)</sup> | 10/17/40 | 5141000 | 5067472 |
|  Progress Residential Trust Series 2024-SFR2, Class E2<br>3.65%<sup>(1),(10)</sup> | 04/17/41 | 2800000 | 2655997 |
|  Progress Residential Trust Series 2024-SFR2, Class F<br>3.65%<sup>(1),(10)</sup> | 04/17/41 | 5000000 | 4687137 |
|  Progress Residential Trust Series 2024-SFR4, Class E2<br>3.40%<sup>(1)</sup> | 07/17/41 | 4500000 | 4186379 |
|  Progress Residential Trust Series 2024-SFR4, Class F1<br>3.40%<sup>(1)</sup> | 07/17/41 | 6482000 | 5997746 |
|  Progress Residential Trust Series 2024-SFR5, Class E2<br>3.63%<sup>(1),(10)</sup> | 08/09/29 | 2050000 | 1911163 |
|  Progress Residential Trust Series 2025-SFR1, Class E2<br>3.75%<sup>(1)</sup> | 02/17/42 | 5780000 | 5369867 |
|  RIDE Series 2025-SHRE, Class D<br>6.97%<sup>(1),(10)</sup> | 02/14/47 | 3000000 | 3093269 |
|  RIDE Series 2025-SHRE, Class E<br>8.07%<sup>(1),(10)</sup> | 02/14/47 | 2500000 | 2563379 |
|  ROCK Trust Series 2024-CNTR, Class E<br>8.82%<sup>(1)</sup> | 11/13/41 | 4175000 | 4449481 |
|  SCG Commercial Mortgage Trust Series 2025-FLWR, Class D<br>5.98% (1 mo. USD Term SOFR + 2.300%)<sup>(1),(2)</sup> | 08/15/42 | 3500000 | 3522818 |
|  Sequoia Logistics DAC Series 2025-1A, Class E<br>5.86% (3 mo. EUR EURIBOR + 3.800%)<sup>(1),(2)</sup> | 02/17/37 | 3350000 | 3975714 |
|  Sequoia Logistics DAC Series 2025-1X, Class C<br>3.96% (3 mo. EUR EURIBOR + 1.900%)<sup>(2),(3)</sup> | 02/17/37 | 3840000 | 4567842 |
|  SFAVE Commercial Mortgage Securities Trust Series 2015-5AVE, Class A2A<br>3.66%<sup>(1),(10)</sup> | 01/05/43 | 400000 | 348544 |
|  SFAVE Commercial Mortgage Securities Trust Series 2015-5AVE, Class A2B<br>4.14%<sup>(1),(10)</sup> | 01/05/43 | 460000 | 406457 |
|  SFAVE Commercial Mortgage Securities Trust Series 2015-5AVE, Class C<br>4.39% <sup>(1),(10)</sup> | 01/05/43 | 925000 | 755579 |
|  SFO Commercial Mortgage Trust Series 2021-555, Class A<br>4.94% (1 mo. USD Term SOFR + 1.264%)<sup>(1),(2)</sup> | 05/15/38 | 1040000 | 1040569 |
|  SFO Commercial Mortgage Trust Series 2021-555, Class D<br>6.19% (1 mo. USD Term SOFR + 2.514%)<sup>(1),(2)</sup> | 05/15/38 | 500000 | 498903 |
|  SLG Office Trust Series 2021-OVA, Class E<br>2.85%<sup>(1)</sup> | 07/15/41 | 4700000 | 4087425 |
|  SMRT Commercial Mortgage Trust Series 2022-MINI, Class D<br>5.63% (1 mo. USD Term SOFR + 1.950%)<sup>(1),(2)</sup> | 01/15/39 | 1400000 | 1398920 |
|  SMRT Commercial Mortgage Trust Series 2022-MINI, Class F<br>7.03% (1 mo. USD Term SOFR + 3.350%)<sup>(1),(2)</sup> | 01/15/39 | 6500000 | 6425316 |
|  SREIT Trust Series 2021-MFP2, Class C<br>5.17% (1 mo. USD Term SOFR + 1.485%)<sup>(1),(2)</sup> | 11/15/36 | 1060000 | 1060303 |
|  SREIT Trust Series 2021-PALM, Class D<br>5.20% (1 mo. USD Term SOFR + 1.524%)<sup>(1),(2)</sup> | 10/15/34 | 3860000 | 3860033 |
|  SREIT Trust Series 2021-PALM, Class E<br>5.70% (1 mo. USD Term SOFR + 2.024%)<sup>(1),(2)</sup> | 10/15/34 | 4100000 | 4100838 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Principal<br>Amount** | **Value** | **Value** |
|  **COMMERCIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** | **COMMERCIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** | **COMMERCIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** | **COMMERCIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** | **COMMERCIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** | **COMMERCIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** |
|  STWD LLC Series 2025-FL4, Class D<br>6.33% (1 mo. USD Term SOFR + 2.650%)<sup>(1),(2)</sup> | 11/19/42 | $| 3500000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3502883 |
|  SWCH Commercial Mortgage Trust Series 2025-DATA, Class E<br>7.02% (1 mo. USD Term SOFR + 3.340%)<sup>(1),(2)</sup> | 02/15/42 |  | 6300000 |  | 6287001 |
|  TEXAS Commercial Mortgage Trust Series 2025-TWR, Class D<br>6.77% (1 mo. USD Term SOFR + 3.091%)<sup>(1),(2)</sup> | 04/15/42 |  | 1325000 |  | 1335038 |
|  Tricon Residential Trust Series 2021-SFR1, Class F<br>3.69%<sup>(1)</sup> | 07/17/38 |  | 7900000 |  | 7832588 |
|  Tricon Residential Trust Series 2022-SFR1, Class E2<br>5.74%<sup>(1)</sup> | 04/17/39 |  | 1600000 |  | 1594406 |
|  Tricon Residential Trust Series 2024-SFR4, Class D<br>5.35%<sup>(1)</sup> | 11/17/41 |  | 1480000 |  | 1482308 |
|  TRTX Issuer Ltd. Series 2025-FL7, Class B (I/F)<br>5.63% (1 mo. USD Term SOFR + 1.950%)<sup>(1),(2)</sup> | 06/18/43 |  | 3000000 |  | 2999721 |
|  TRTX Issuer Ltd. Series 2025-FL7, Class C (I/F)<br>5.88% (1 mo. USD Term SOFR + 2.200%)<sup>(1),(2)</sup> | 06/18/43 |  | 1000000 |  | 999993 |
|  TRTX Issuer Ltd. Series 2025-FL7, Class D (I/F)<br>6.33% (1 mo. USD Term SOFR + 2.650%)<sup>(1),(2)</sup> | 06/18/43 |  | 3125000 |  | 3118061 |
|  U.K. Logistics DAC Series 2024-2A, Class D<br>6.96% (1 day GBP SONIA + 3.100%)<sup>(1),(2)</sup> | 02/17/35 | GBP | 701602 |  | 959945 |
|  U.K. Logistics DAC Series 2024-2X, Class D<br>6.96% (1 day GBP SONIA + 3.100%)<sup>(2),(3)</sup> | 02/17/35 | GBP | 390346 |  | 534079 |
|  U.K. Logistics DAC Series 2024-2X, Class E<br>8.11% (1 day GBP SONIA + 4.250%)<sup>(2),(3)</sup> | 02/17/35 | GBP | 1275640 |  | 1734447 |
|  U.K. Logistics DAC Series 2025-1A, Class E<br>9.36% (1 day GBP SONIA + 5.500%)<sup>(1),(2)</sup> | 05/17/35 | GBP | 933241 |  | 1280839 |
|  UBS Commercial Mortgage Trust Series 2017-C4, Class XA (I/O)<br>1.08%<sup>(10)</sup> | 10/15/50 |  | 7743454 |  | 100169 |
|  VNDO Trust Series 2016-350P, Class D<br>3.90%<sup>(1),(10)</sup> | 01/10/35 |  | 1060000 |  | 1047030 |
|  WBHT Commercial Mortgage Trust Series 2025-WBM, Class B<br>5.87% (1 mo. USD Term SOFR + 2.192%)<sup>(1),(2)</sup> | 06/15/42 |  | 2650000 |  | 2660369 |
|  Wells Fargo Commercial Mortgage Trust Series 2015-LC20, Class XF (I/O)<br>2.11%<sup>(1),(10)</sup> | 04/15/50 |  | 415000 |  | 11665 |
|  Wells Fargo Commercial Mortgage Trust Series 2016-C34, Class XA (I/O)<br>1.99%<sup>(10)</sup> | 06/15/49 |  | 3811347 |  | 216 |
|  Wells Fargo Commercial Mortgage Trust Series 2018-C47, Class AS<br>4.67%<sup>(10)</sup> | 09/15/61 |  | 1100000 |  | 1096967 |
|  Wells Fargo Commercial Mortgage Trust Series 2021-SAVE, Class C<br>5.70% (1 mo. USD Term SOFR + 2.014%)<sup>(1),(2)</sup> | 02/15/40 |  | 1920000 |  | 1925568 |
|  Wells Fargo Commercial Mortgage Trust Series 2024-5C1, Class C<br>6.80%<sup>(10)</sup> | 07/15/57 |  | 847000 |  | 869810 |
|  WFRBS Commercial Mortgage Trust Series 2012-C10, Class XB (I/O)<br>0.33%<sup>(1),(8),(10)</sup> | 12/15/45 |  | 37880485 |  | 466 |
|  WFRBS Commercial Mortgage Trust Series 2014-C22, Class XA (I/O)<br>0.27%<sup>(10)</sup> | 09/15/57 |  | 190111 |  | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Commercial Mortgage-Backed Securities — Non-Agency** (Cost: $432,364,522) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Commercial Mortgage-Backed Securities — Non-Agency** (Cost: $432,364,522) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Commercial Mortgage-Backed Securities — Non-Agency** (Cost: $432,364,522) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Commercial Mortgage-Backed Securities — Non-Agency** (Cost: $432,364,522) |  | 434755071 |
|  **RESIDENTIAL MORTGAGE-BACKED SECURITIES — AGENCY — 23.5%** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — AGENCY — 23.5%** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — AGENCY — 23.5%** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — AGENCY — 23.5%** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — AGENCY — 23.5%** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — AGENCY — 23.5%** |
|  COOPR Residential Mortgage Trust Series 2025-CES3, Class M1<br>5.63%<sup>(1),(10)</sup> | 09/25/60 |  | 4500000 |  | 4518936 |
|  Federal Home Loan Mortgage Corp., Pool #SD8237<br>4.00% | 08/01/52 |  | 1738717 |  | 1666222 |
|  Federal Home Loan Mortgage Corp., Pool #SD8244<br>4.00% | 09/01/52 |  | 42094800 |  | 40333149 |
|  Federal Home Loan Mortgage Corp., Pool #SD8265<br>4.00% | 11/01/52 |  | 617598 |  | 591560 |
|  Federal Home Loan Mortgage Corp., Pool #SD8286<br>4.00% | 01/01/53 |  | 6779849 |  | 6492962 |
|  Federal Home Loan Mortgage Corp., Pool #SD5324<br>4.00% | 02/01/53 |  | 333748 |  | 319833 |
|  Federal Home Loan Mortgage Corp., Pool #SL1033<br>4.00% | 01/01/54 |  | 17265703 |  | 16518825 |
|  Federal Home Loan Mortgage Corp., Pool #SD8238<br>4.50% | 08/01/52 |  | 3170614 |  | 3118687 |
|  Federal Home Loan Mortgage Corp., Pool #SD8245<br>4.50% | 09/01/52 |  | 6227851 |  | 6125276 |
|  Federal Home Loan Mortgage Corp., Pool #SD8257<br>4.50% | 10/01/52 |  | 470384 |  | 462592 |
|  Federal Home Loan Mortgage Corp., Pool #SD8266<br>4.50% | 11/01/52 |  | 2659409 |  | 2615113 |
|  Federal Home Loan Mortgage Corp., Pool #SD8275<br>4.50% | 12/01/52 |  | 2734137 |  | 2688597 |
|  Federal Home Loan Mortgage Corp., Pool #SD8298<br>4.50% | 02/01/53 |  | 30941985 |  | 30420857 |
|  Federal Home Loan Mortgage Corp., Pool #SD8489<br>4.50% | 12/01/54 |  | 18224493 |  | 17858416 |
|  Federal Home Loan Mortgage Corp., Pool #SD8299<br>5.00% | 02/01/53 |  | 2496744 |  | 2505945 |
|  Federal Home Loan Mortgage Corp., Pool #SD8323<br>5.00% | 05/01/53 |  | 7078710 |  | 7108732 |
|  Federal Home Loan Mortgage Corp. REMICS Series 5452, Class JF<br>5.00% (30 day USD SOFR Average + 1.300%)<sup>(2)</sup> | 09/25/54 |  | 1683586 |  | 1700927 |
|  Federal Home Loan Mortgage Corp. REMICS Series 5473, Class DF<br>4.85% (30 day USD SOFR Average + 1.150%)<sup>(2)</sup> | 11/25/54 |  | 3645187 |  | 3678358 |
|  Federal Home Loan Mortgage Corp. REMICS Series 5492, Class SH (I/O) (I/F)<br>2.30% (-30 day USD SOFR Average + 6.000%)<sup>(2)</sup> | 01/25/55 |  | 6277865 |  | 480226 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **RESIDENTIAL MORTGAGE-BACKED SECURITIES — AGENCY (Continued)** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — AGENCY (Continued)** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — AGENCY (Continued)** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — AGENCY (Continued)** |
|  Federal Home Loan Mortgage Corp. REMICS Series 5500, Class AF<br>4.70% (30 day USD SOFR Average + 1.000%)<sup>(2)</sup> | 02/25/55 | $1307241 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1313944 |
|  Federal Home Loan Mortgage Corp. REMICS Series 5500, Class SJ (I/F)<br>2.05% (-30 day USD SOFR Average + 5.750%)<sup>(2)</sup> | 02/25/55 | 6267172 | 486793 |
|  Federal Home Loan Mortgage Corp. REMICS Series 5524, Class FB<br>4.90% (30 day USD SOFR Average + 1.200%)<sup>(2)</sup> | 04/25/55 | 13608733 | 13723288 |
|  Federal Home Loan Mortgage Corp. REMICS Series 5527, Class FD<br>4.90% (30 day USD SOFR Average + 1.200%)<sup>(2)</sup> | 09/25/54 | 15241874 | 15373063 |
|  Federal Home Loan Mortgage Corp. REMICS Series 5544, Class SD (I/O) (I/F)<br>1.35% (-30 day USD SOFR Average + 5.050%)<sup>(2)</sup> | 06/25/55 | 13504362 | 734197 |
|  Federal Home Loan Mortgage Corp. REMICS Series 5546, Class AS (I/F)<br>4.95% (-30 day USD SOFR Average + 10.500%)<sup>(2)</sup> | 06/25/55 | 1318428 | 1290499 |
|  Federal Home Loan Mortgage Corp. REMICS Series 5547, Class S (I/F)<br>5.03% (-30 day USD SOFR Average + 10.575%)<sup>(2)</sup> | 06/25/55 | 1317858 | 1290661 |
|  Federal Home Loan Mortgage Corp. REMICS Series 5548, Class S (I/F)<br>5.50% (-30 day USD SOFR Average + 11.667%)<sup>(2)</sup> | 06/25/55 | 1286647 | 1272167 |
|  Federal Home Loan Mortgage Corp. REMICS Series 5549, Class DF<br>5.10% (30 day USD SOFR Average + 1.400%)<sup>(2)</sup> | 06/25/55 | 2306251 | 2335390 |
|  Federal Home Loan Mortgage Corp. REMICS Series 5549, Class JS (I/F)<br>4.95% (-30 day USD SOFR Average + 10.500%)<sup>(2)</sup> | 06/25/55 | 435179 | 427137 |
|  Federal Home Loan Mortgage Corp. REMICS Series 5566, Class AS (I/F)<br>5.03% (-30 day USD SOFR Average + 10.575%)<sup>(2)</sup> | 08/25/55 | 1435738 | 1377418 |
|  Federal Home Loan Mortgage Corp. REMICS Series 5578, Class SD (I/O) (I/F)<br>2.20% (-30 day USD SOFR Average + 5.900%)<sup>(2)</sup> | 09/25/55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18267039 | 1711421 |
|  Federal Home Loan Mortgage Corp. STRIPS Series 240 (I/O)<br>5.50% | 07/15/36 | 150219 | 25708 |
|  Federal Home Loan Mortgage Corp. STRIPS Series 377, Class C1<br>2.00% | 01/25/51 | 6138857 | 800821 |
|  Federal Home Loan Mortgage Corp. STRIPS Series 386, Class C1 (I/O)<br>2.00% | 03/15/52 | 6013765 | 780363 |
|  Federal Home Loan Mortgage Corp. STRIPS Series 389, Class C35 (I/O)<br>2.00% | 06/15/52 | 11537538 | 1549257 |
|  Federal Home Loan Mortgage Corp. STRIPS Series 389, Class C40 (I/O)<br>2.50% | 10/15/52 | 5274088 | 801326 |
|  Federal Home Loan Mortgage Corp. STRIPS Series 408, Class C37<br>2.00% | 03/25/52 | 15315274 | 2150629 |
|  Federal National Mortgage Association, Pool #MA4626<br>4.00% | 06/01/52 | 7096733 | 6804602 |
|  Federal National Mortgage Association, Pool #MA4700<br>4.00% | 08/01/52 | 2858068 | 2740242 |
|  Federal National Mortgage Association, Pool #MA4732<br>4.00% | 09/01/52 | 8020494 | 7684441 |
|  Federal National Mortgage Association, Pool #MA4783<br>4.00% | 10/01/52 | 4302469 | 4124825 |
|  Federal National Mortgage Association, Pool #MA4866<br>4.00% | 01/01/53 | 5258271 | 5035770 |
|  Federal National Mortgage Association, Pool #MA4784<br>4.50% | 10/01/52 | 5978924 | 5881275 |
|  Federal National Mortgage Association, Pool #MA4840<br>4.50% | 12/01/52 | 10523675 | 10348390 |
|  Federal National Mortgage Association, Pool #FS9508<br>4.50% | 03/01/54 | 4247796 | 4173711 |
|  Federal National Mortgage Association, Pool #FA0658<br>4.50% | 10/01/54 | 9289143 | 9136632 |
|  Federal National Mortgage Association, Pool #MA5584<br>4.50% | 01/01/55 | 17036317 | 16694108 |
|  Federal National Mortgage Association, Pool #MA5009<br>5.00% | 05/01/53 | 9739510 | 9775729 |
|  Federal National Mortgage Association Interest STRIPS Series 426, Class C24 (I/O)<br>1.50% | 01/25/52 | 35805665 | 3929466 |
|  Federal National Mortgage Association Interest STRIPS Series 426, Class C40 (I/O)<br>2.00% | 06/25/51 | 1309405 | 172315 |
|  Federal National Mortgage Association Interest STRIPS Series 426, Class C41 (I/O)<br>2.00% | 03/25/51 | 4812113 | 629718 |
|  Federal National Mortgage Association Interest STRIPS Series 426, Class C42 (I/O)<br>2.00% | 11/25/50 | 3132528 | 410657 |
|  Federal National Mortgage Association Interest STRIPS Series 434, Class C29 (I/O)<br>2.00% | 10/25/52 | 7373596 | 948333 |
|  Federal National Mortgage Association Interest STRIPS Series 435, Class C24 (I/O)<br>2.00% | 04/25/52 | 10354991 | 1343111 |
|  Federal National Mortgage Association REMICS Series 2011-116, Class SA (I/O) (I/F)<br>2.19% (-30 day USD SOFR Average + 5.886%)<sup>(2)</sup> | 11/25/41 | 50014 | 3614 |
|  Federal National Mortgage Association REMICS Series 2012-139, Class AI (I/O)<br>3.00% | 12/25/27 | 35207 | 626 |
|  Federal National Mortgage Association REMICS Series 2024-73, Class FB<br>4.90% (30 day USD SOFR Average + 1.200%)<sup>(2)</sup> | 10/25/54 | 2135389 | 2153430 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **RESIDENTIAL MORTGAGE-BACKED SECURITIES — AGENCY (Continued)** |  |  |  |
|  Federal National Mortgage Association REMICS Series 2024-76, Class SY (I/O) (I/F)<br>1.80% (-30 day USD SOFR Average + 5.500%)<sup>(2)</sup> | 11/25/54 | $14082207 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;965939 |
|  Federal National Mortgage Association REMICS Series 2024-81, Class SE (I/O) (I/F)<br>1.65% (-30 day USD SOFR Average + 5.350%)<sup>(2)</sup> | 07/25/54 | 12529511 | 638349 |
|  Federal National Mortgage Association REMICS Series 2024-91, Class SB (I/O) (I/F)<br>2.15% (-30 day USD SOFR Average + 5.850%)<sup>(2)</sup> | 12/25/54 | 6526063 | 454474 |
|  Federal National Mortgage Association REMICS Series 2024-96, Class FC<br>4.90% (30 day USD SOFR Average + 1.200%)<sup>(2)</sup> | 12/25/54 | 8367444 | 8446743 |
|  Federal National Mortgage Association REMICS Series 2024-98, Class SE (I/O) (I/F)<br>2.28% (-30 day USD SOFR Average + 5.980%)<sup>(2)</sup> | 12/25/54 | 2798306 | 241158 |
|  Federal National Mortgage Association REMICS Series 2024-98, Class SG (I/F)<br>2.30% (-30 day USD SOFR Average + 6.000%)<sup>(2)</sup> | 11/25/54 | 1004004 | 88278 |
|  Federal National Mortgage Association REMICS Series 2025-13, Class FA<br>5.00% (30 day USD SOFR Average + 1.300%)<sup>(2)</sup> | 03/25/55 | 4169361 | 4211445 |
|  Federal National Mortgage Association REMICS Series 2025-15, Class FQ<br>4.90% (30 day USD SOFR Average + 1.200%)<sup>(2)</sup> | 04/25/55 | 1133838 | 1143062 |
|  Federal National Mortgage Association REMICS Series 2025-40, Class S (I/F)<br>5.50% (-30 day USD SOFR Average + 11.667%)<sup>(2)</sup> | 02/25/55 | 279628 | 271960 |
|  Federal National Mortgage Association REMICS Series 2025-49, Class SC (I/O) (I/F)<br>1.50% (-30 day USD SOFR Average + 5.200%)<sup>(2)</sup> | 06/25/55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18796676 | 905082 |
|  Federal National Mortgage Association REMICS Series 2025-59, Class DS (I/O) (I/F)<br>2.16% (-30 day USD SOFR Average + 5.857%)<sup>(2)</sup> | 08/25/55 | 16952263 | 1113427 |
|  Federal National Mortgage Association REMICS Series 2025-70, Class LF<br>4.95% (30 day USD SOFR Average + 1.250%)<sup>(2)</sup> | 09/25/55 | 22267978 | 22489676 |
|  Federal National Mortgage Association REMICS Series 2025-72, Class FA<br>4.95% (30 day USD SOFR Average + 1.250%)<sup>(2)</sup> | 08/25/55 | 22984026 | 23211396 |
|  Federal National Mortgage Association REMICS Series 2025-85, Class EF<br>4.90% (30 day USD SOFR Average + 1.200%)<sup>(2)</sup> | 09/25/55 | 11777740 | 11871299 |
|  Federal National Mortgage Association REMICS Series 2025-87, Class SA (I/O) (I/F)<br>2.20% (-30 day USD SOFR Average + 5.900%)<sup>(2)</sup> | 10/25/55 | 9359222 | 808175 |
|  Federal National Mortgage Association REMICS Series 2025-92, Class FD<br>4.85% (30 day USD SOFR Average + 1.150%)<sup>(2)</sup> | 11/25/55 | 11315287 | 11418269 |
|  Government National Mortgage Association, Pool #MA8346<br>4.00% | 10/20/52 | 13651650 | 13036791 |
|  Government National Mortgage Association, Pool #MA8427<br>4.50% | 11/20/52 | 1579354 | 1556182 |
|  Government National Mortgage Association, Pool #MA9963<br>4.50% | 10/20/54 | 5739346 | 5611004 |
|  Government National Mortgage Association, Pool #MB0024<br>4.50% | 11/20/54 | 3769195 | 3684325 |
|  Government National Mortgage Association, Pool #MA8948<br>5.50% | 06/20/53 | 6676992 | 6805423 |
|  Government National Mortgage Association, Pool #MA9488<br>5.50% | 02/20/54 | 10093574 | 10278931 |
|  Government National Mortgage Association REMICS Series 2003-110, Class S (I/O) (I/F)<br>6.22% (-1 mo. USD Term SOFR + 6.486%)<sup>(2)</sup> | 10/20/33 | 150027 | 11457 |
|  Government National Mortgage Association REMICS Series 2018-124, Class NW<br>3.50% | 09/20/48 | 20093 | 18681 |
|  Government National Mortgage Association REMICS Series 2018-154, Class BP (PAC)<br>3.50% | 11/20/48 | 1912 | 1836 |
|  Government National Mortgage Association REMICS Series 2024-151, Class ES (I/O) (I/F)<br>1.70% (-30 day USD SOFR Average + 5.400%)<sup>(2)</sup> | 09/20/54 | 12510152 | 706973 |
|  Government National Mortgage Association REMICS Series 2024-159, Class XS (I/O) (I/F)<br>1.80% (-30 day USD SOFR Average + 5.500%)<sup>(2)</sup> | 10/20/54 | 10731538 | 774883 |
|  Government National Mortgage Association REMICS Series 2025-134, Class SJ (I/O) (I/F)<br>2.25% (-30 day USD SOFR Average + 5.950%)<sup>(2)</sup> | 08/20/55 | 11352189 | 998214 |
|  Government National Mortgage Association REMICS Series 2025-27, Class FG<br>4.90% (30 day USD SOFR Average + 1.200%)<sup>(2)</sup> | 02/20/55 | 2117152 | 2134215 |
|  Government National Mortgage Association REMICS Series 2025-41, Class HS (I/F)<br>1.64% (-30 day USD SOFR Average + 5.340%)<sup>(2)</sup> | 03/20/55 | 11361003 | 704975 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Principal<br>Amount** | **Value** | **Value** |
|  **RESIDENTIAL MORTGAGE-BACKED SECURITIES — AGENCY (Continued)** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — AGENCY (Continued)** |  |  |  |  |
|  Government National Mortgage Association REMICS Series 2025-45, Class ST (I/O) (I/F)<br>1.60% (-30 day USD SOFR Average + 5.300%)<sup>(2)</sup> | 03/20/55 | $| 13541960 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;673480 |
|  Government National Mortgage Association, TBA<br>4.00%<sup>(12)</sup> | 05/01/55 |  | 18825000 |  | 17804534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%<sup>(12)</sup> | 08/01/55 |  | 22250000 |  | 21722452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%<sup>(12)</sup> | 08/01/55 |  | 30700000 |  | 30686722 |
|  Uniform Mortgage-Backed Security, TBA<br>4.00%<sup>(12)</sup> | 06/01/55 |  | 39900000 |  | 38098096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%<sup>(12)</sup> | 07/01/55 |  | 39350000 |  | 38545902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%<sup>(12)</sup> | 08/01/55 |  | 20200000 |  | 20193193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%<sup>(12)</sup> | 05/01/55 |  | 22775000 |  | 23093736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Residential Mortgage-Backed Securities — Agency** (Cost: $608,218,118) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Residential Mortgage-Backed Securities — Agency** (Cost: $608,218,118) |  |  |  | 614061027 |
|  **RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY — 12.3%** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY — 12.3%** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY — 12.3%** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY — 12.3%** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY — 12.3%** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY — 12.3%** |
|  ACRA Trust Series 2024-NQM1, Class M1A<br>6.19%<sup>(1),(10)</sup> | 10/25/64 |  | 1470000 |  | 1489404 |
|  Ajax Mortgage Loan Trust Series 2021-D, Class A<br>5.00%<sup>(1)</sup> | 03/25/60 |  | 2689919 |  | 2692145 |
|  American Home Mortgage Assets Trust Series 2006-6, Class XP (P/O)<br>0.04%<sup>(10)</sup> | 12/25/46 |  | 17268702 |  | 72710 |
|  American Home Mortgage Assets Trust Series 2007-1, Class A1<br>4.37% (1 yr. MTA + 0.700%)<sup>(2)</sup> | 02/25/47 |  | 2203858 |  | 749134 |
|  American Home Mortgage Assets Trust Series 2007-5, Class XP (P/O)<br>0.06%<sup>(10)</sup> | 06/25/47 |  | 6517 |  | 52 |
|  Angel Oak Mortgage Trust Series 2024-11, Class M1A<br>6.58%<sup>(1),(10)</sup> | 08/25/69 |  | 1925000 |  | 1962877 |
|  Angel Oak Mortgage Trust Series 2024-6, Class A2<br>4.65%<sup>(1)</sup> | 11/25/67 |  | 2074209 |  | 2070021 |
|  Angel Oak Mortgage Trust Series 2025-13, Class M1<br>5.74%<sup>(1),(10)</sup> | 10/25/70 |  | 4502000 |  | 4522274 |
|  Angel Oak Mortgage Trust Series 2026-1, Class M1<br>5.53%<sup>(1),(5)</sup> | 02/25/71 |  | 4200000 |  | 4213343 |
|  Atlas Funding PLC Series 2023-1, Class F<br>13.46% (1 day GBP SONIA + 9.730%)<sup>(2),(3)</sup> | 01/20/61 | GBP | 725000 |  | 1030579 |
|  Banc of America Alternative Loan Trust Series 2006-5, Class CB8<br>4.10% (1 mo. USD Term SOFR + 0.424%)<sup>(2)</sup> | 06/25/46 |  | 1331725 |  | 1091353 |
|  Banc of America Alternative Loan Trust Series 2006-5, Class CB9 (I/O) (I/F)<br>2.90% (-1 mo. USD Term SOFR + 6.576%)<sup>(2)</sup> | 06/25/46 |  | 1331733 |  | 168785 |
|  Banc of America Funding Trust Series 2006-3, Class 5A3<br>5.50% | 03/25/36 |  | 4077 |  | 3728 |
|  Banc of America Funding Trust Series 2006-7, Class T2A5<br>6.54% | 10/25/36 |  | 550360 |  | 500795 |
|  Banc of America Funding Trust Series 2014-R5, Class 1A2<br>3.82% (6 mo. USD Term SOFR + 1.928%)<sup>(1),(2)</sup> | 09/26/45 |  | 921754 |  | 655069 |
|  BCAP LLC Trust Series 2007-AA2, Class 2A12<br>5.50% | 04/25/37 |  | 2358803 |  | 928432 |
|  BCMSC Trust Series 1999-B, Class A2<br>6.98%<sup>(10)</sup> | 12/17/29 |  | 997492 |  | 53951 |
|  BCMSC Trust Series 2000-A, Class A3<br>7.83%<sup>(10)</sup> | 06/15/30 |  | 1658345 |  | 100224 |
|  BCMSC Trust Series 2000-A, Class A4<br>8.29%<sup>(10)</sup> | 06/15/30 |  | 142144 |  | 9097 |
|  Bear Stearns ARM Trust Series 2004-3, Class 2A<br>4.54%<sup>(10)</sup> | 07/25/34 |  | 4317 |  | 4087 |
|  Bear Stearns ARM Trust Series 2005-10, Class A3<br>6.00%<sup>(10)</sup> | 10/25/35 |  | 86103 |  | 86137 |
|  Braccan Mortgage Funding PLC Series 2025-1A, Class X<br>7.79% (1 day GBP SONIA + 3.930%)<sup>(1),(2)</sup> | 05/17/67 | GBP | 1364383 |  | 1869690 |
|  BRAVO Residential Funding Trust Series 2023-NQM5, Class B1<br>7.30%<sup>(1),(10)</sup> | 06/25/63 |  | 3210000 |  | 3229248 |
|  C-BASS Mortgage Loan Trust Series 2007-CB2, Class A2B<br>3.47% | 02/25/37 |  | 771124 |  | 444133 |
|  C-BASS Trust Series 2006-CB7, Class A4<br>4.11% (1 mo. USD Term SOFR + 0.434%)<sup>(2)</sup> | 10/25/36 |  | 29968 |  | 21085 |
|  C-BASS Trust Series 2007-CB1, Class AF3<br>3.09% | 01/25/37 |  | 918007 |  | 253086 |
|  C-BASS Trust Series 2007-CB1, Class AF6<br>3.09% | 01/25/37 |  | 1620668 |  | 446676 |
|  Cascade MH Asset Trust Series 2022-MH1, Class A<br>4.25%<sup>(1)</sup> | 08/25/54 |  | 1035568 |  | 1018127 |
|  CFMT LLC Series 2024-NR1, Class A1<br>6.41%<sup>(1)</sup> | 11/25/29 |  | 1429299 |  | 1432848 |
|  CFMT LLC Series 2024-R1, Class A3<br>4.00%<sup>(1)</sup> | 10/25/54 |  | 1500000 |  | 1443897 |
|  CHL Mortgage Pass-Through Trust Series 2007-20, Class A1<br>6.50% | 01/25/38 |  | 196389 |  | 82930 |
|  CHL Mortgage Pass-Through Trust Series 2007-7, Class A9<br>5.50% | 06/25/37 |  | 574321 |  | 245185 |
|  CHNGE Mortgage Trust Series 2023-1, Class M1<br>8.07%<sup>(1),(10)</sup> | 03/25/58 |  | 580000 |  | 578718 |
|  CIM Trust Series 2021-R5, Class A1B<br>2.00%<sup>(1),(10)</sup> | 08/25/61 |  | 681000 |  | 468731 |
|  CIM Trust Series 2025-R1, Class A1<br>5.00%<sup>(1)</sup> | 02/25/99 |  | 2062422 |  | 2066902 |
|  Citigroup Mortgage Loan Trust, Inc. Series 2005-WF2, Class AF6A<br>6.13% | 08/25/35 |  | 1254391 |  | 1169225 |
|  Citigroup Mortgage Loan Trust, Inc. Series 2006-WF1, Class A2C<br>6.10% | 03/25/36 |  | 26398 |  | 12089 |
|  Citigroup Mortgage Loan Trust, Inc. Series 2009-10, Class 2A2<br>7.00%<sup>(1),(10)</sup> | 12/25/35 |  | 479370 |  | 338477 |
|  CitiMortgage Alternative Loan Trust Series 2005-A1, Class 1A5<br>5.50% | 07/25/35 |  | 1114147 |  | 1067696 |
|  CitiMortgage Alternative Loan Trust Series 2006-A1, Class 1A5<br>5.50% | 04/25/36 |  | 199174 |  | 183765 |
|  CitiMortgage Alternative Loan Trust Series 2007-A1, Class 1A1<br>6.00% | 01/25/37 |  | 85892 |  | 78404 |
|  CitiMortgage Alternative Loan Trust Series 2007-A1, Class 1A5<br>6.00% | 01/25/37 |  | 163952 |  | 149659 |
|  CitiMortgage Alternative Loan Trust Series 2007-A2, Class 1A13<br>5.75% | 02/25/37 |  | 189393 |  | 169324 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** |
|  CitiMortgage Alternative Loan Trust Series 2007-A3, Class 1A7<br>5.75% | 03/25/37 | $151051 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133867 |
|  CitiMortgage Alternative Loan Trust Series 2007-A5, Class 1A1<br>6.00% | 05/25/37 | 651563 | 599488 |
|  COLT Mortgage Loan Trust Series 2024-7, Class B1<br>7.13%<sup>(1),(10)</sup> | 12/26/69 | 1000000 | 1017727 |
|  COLT Mortgage Loan Trust Series 2025-7, Class B1<br>6.92%<sup>(1),(10)</sup> | 06/25/70 | 2000000 | 2025823 |
|  Conseco Finance Securitizations Corp. Series 2000-1, Class A5<br>8.06%<sup>(10)</sup> | 09/01/29 | 3422743 | 409511 |
|  Conseco Finance Securitizations Corp. Series 2000-4, Class A5<br>7.97% | 05/01/32 | 1992158 | 239241 |
|  Countrywide Alternative Loan Trust Series 2004-30CB, Class 1A6<br>5.50% | 02/25/35 | 694814 | 693987 |
|  Countrywide Alternative Loan Trust Series 2005-10CB, Class 1A8<br>5.50% | 05/25/35 | 1244128 | 1008474 |
|  Countrywide Alternative Loan Trust Series 2005-46CB, Class A3<br>5.50% | 10/25/35 | 210019 | 143815 |
|  Countrywide Alternative Loan Trust Series 2005-46CB, Class A4<br>5.25% | 10/25/35 | 158698 | 106587 |
|  Countrywide Alternative Loan Trust Series 2005-46CB, Class A7<br>5.50% | 10/25/35 | 447677 | 306557 |
|  Countrywide Alternative Loan Trust Series 2005-55CB, Class 1A1<br>5.50% | 11/25/35 | 177117 | 114995 |
|  Countrywide Alternative Loan Trust Series 2005-64CB, Class 2A1<br>6.00% | 11/25/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2989072 | 404238 |
|  Countrywide Alternative Loan Trust Series 2005-65CB, Class 2A4<br>5.50% | 12/25/35 | 261273 | 175150 |
|  Countrywide Alternative Loan Trust Series 2005-67CB, Class A1<br>5.50% | 01/25/36 | 52710 | 38479 |
|  Countrywide Alternative Loan Trust Series 2005-74T1, Class A5<br>6.00% | 01/25/36 | 442460 | 248062 |
|  Countrywide Alternative Loan Trust Series 2005-7CB, Class 2A2 (I/O) (I/F)<br>1.26% (-1 mo. USD Term SOFR + 4.936%)<sup>(2)</sup> | 03/01/38 | 1082604 | 58323 |
|  Countrywide Alternative Loan Trust Series 2005-86CB, Class A1<br>5.50% | 02/25/36 | 494354 | 273624 |
|  Countrywide Alternative Loan Trust Series 2005-86CB, Class A8<br>5.50% | 02/25/36 | 225991 | 125085 |
|  Countrywide Alternative Loan Trust Series 2006-19CB, Class A15 (PAC)<br>6.00% | 08/25/36 | 111913 | 61753 |
|  Countrywide Alternative Loan Trust Series 2006-19CB, Class A17 (TAC)<br>4.19% (1 mo. USD Term SOFR + 0.514%)<sup>(2)</sup> | 08/25/36 | 3712914 | 1563644 |
|  Countrywide Alternative Loan Trust Series 2006-19CB, Class A18 (I/O) (I/F)<br>1.81% (-1 mo. USD Term SOFR + 5.486%)<sup>(2)</sup> | 08/25/36 | 3583659 | 402976 |
|  Countrywide Alternative Loan Trust Series 2006-32CB, Class A18<br>6.00% | 11/25/36 | 126570 | 69826 |
|  Countrywide Alternative Loan Trust Series 2006-34, Class A5<br>6.25% | 11/25/46 | 1255094 | 549162 |
|  Countrywide Alternative Loan Trust Series 2006-J1, Class 1A11<br>5.50% | 02/25/36 | 171475 | 114581 |
|  Countrywide Alternative Loan Trust Series 2007-13, Class A1 (PAC)<br>6.00% | 06/25/47 | 268917 | 134242 |
|  Countrywide Alternative Loan Trust Series 2007-15CB, Class A6<br>5.75% | 07/25/37 | 503432 | 280630 |
|  Countrywide Alternative Loan Trust Series 2007-15CB, Class A7<br>6.00% | 07/25/37 | 1793063 | 1033836 |
|  Countrywide Alternative Loan Trust Series 2007-16CB, Class 1A7<br>6.00% | 08/25/37 | 6008 | 4343 |
|  Countrywide Alternative Loan Trust Series 2007-18CB, Class 2A25<br>6.00% | 08/25/37 | 288748 | 166476 |
|  Countrywide Alternative Loan Trust Series 2007-22, Class 2A16<br>6.50% | 09/25/37 | 235660 | 80215 |
|  Countrywide Alternative Loan Trust Series 2007-5CB, Class 1A3<br>6.00% | 04/25/37 | 167181 | 80119 |
|  Countrywide Alternative Loan Trust Series 2007-5CB, Class 1A4<br>6.00% | 04/25/37 | 493208 | 236363 |
|  Credit-Based Asset Servicing & Securitization LLC Series 2006-MH1, Class B1<br>6.75%<sup>(1)</sup> | 10/25/36 | 18232 | 18212 |
|  Cross Mortgage Trust Series 2024-H4, Class B1B<br>8.10%<sup>(1),(10)</sup> | 07/25/69 | 3768000 | 3824475 |
|  Cross Mortgage Trust Series 2024-H5, Class B1B<br>8.12%<sup>(1),(10)</sup> | 08/26/69 | 3654000 | 3707362 |
|  Cross Mortgage Trust Series 2024-H6, Class A2<br>5.38%<sup>(1)</sup> | 09/25/69 | 738270 | 741449 |
|  Cross Mortgage Trust Series 2024-H6, Class A3<br>5.48%<sup>(1)</sup> | 09/25/69 | 664443 | 666563 |
|  Cross Mortgage Trust Series 2024-H7, Class B1B<br>7.58%<sup>(1),(10)</sup> | 11/25/69 | 3930000 | 3964628 |
|  Cross Mortgage Trust Series 2024-H8, Class B1B<br>7.36%<sup>(1),(10)</sup> | 12/25/69 | 3300000 | 3321481 |
|  Cross Mortgage Trust Series 2025-H5, Class B1B<br>7.64%<sup>(1),(10)</sup> | 07/25/70 | 3160000 | 3194568 |
|  Cross Mortgage Trust Series 2026-NQM1, Class M1<br>5.53%<sup>(1),(5),(10)</sup> | 02/25/61 | 4684000 | 4683990 |
|  CSMC Mortgage-Backed Trust Series 2006-7, Class 10A6<br>6.50% | 08/25/36 | 1021126 | 475376 |
|  CSMC Mortgage-Backed Trust Series 2006-7, Class 8A11<br>6.50% | 08/25/36 | 390632 | 140682 |
|  CSMC Mortgage-Backed Trust Series 2007-5, Class 1A9<br>7.00%<sup>(10)</sup> | 08/25/37 | 721877 | 393833 |
|  CSMC Trust Series 2014-8R, Class 3A2<br>5.46%<sup>(1),(10)</sup> | 02/27/36 | 849718 | 713972 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** |  |  |
|  Deutsche Alt-B Securities, Inc. Mortgage Loan Trust Series 2006-AB2, Class A2<br>6.16%<sup>(10)</sup> | 06/25/36 | $168304 | $154557 |
|  Deutsche Mortgage & Asset Receiving Corp. Series 2014-RS1, Class 1A2<br>6.50%<sup>(1),(10)</sup> | 07/27/37 | 257251 | 211086 |
|  EFMT Series 2024-NQM1, Class B1B<br>7.50%<sup>(1),(10)</sup> | 11/25/69 | 2867000 | 2894784 |
|  EFMT Series 2025-INV2, Class B1<br>7.47%<sup>(1),(10)</sup> | 05/26/70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4089351 |
|  Ellington Financial Mortgage Trust Series 2022-4, Class B1<br>5.88%<sup>(1),(10)</sup> | 09/25/67 | 900000 | 895919 |
|  Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2021-DNA6, Class B2<br>11.20% (30 day USD SOFR Average + 7.500%)<sup>(1),(2)</sup> | 10/25/41 | 7130000 | 7434224 |
|  Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2021-DNA7, Class B2<br>11.50% (30 day USD SOFR Average + 7.800%)<sup>(1),(2)</sup> | 11/25/41 | 6125000 | 6432507 |
|  Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2021-HQA3, Class B2<br>9.95% (30 day USD SOFR Average + 6.250%)<sup>(1),(2)</sup> | 09/25/41 | 3220789 | 3314433 |
|  Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2022-DNA1, Class M2<br>6.20% (30 day USD SOFR Average + 2.500%)<sup>(1),(2)</sup> | 01/25/42 | 1000000 | 1012357 |
|  Federal National Mortgage Association Connecticut Avenue Securities Trust Series 2019-HRP1, Class B1<br>13.06% (30 day USD SOFR Average + 9.364%)<sup>(1),(2)</sup> | 11/25/39 | 3822909 | 4038019 |
|  Federal National Mortgage Association Connecticut Avenue Securities Trust Series 2019-R04, Class 2B1<br>9.06% (30 day USD SOFR Average + 5.364%)<sup>(1),(2)</sup> | 06/25/39 | 698611 | 709600 |
|  Federal National Mortgage Association Connecticut Avenue Securities Trust Series 2019-R06, Class 2B1<br>7.56% (30 day USD SOFR Average + 3.864%)<sup>(1),(2)</sup> | 09/25/39 | 776139 | 788759 |
|  Federal National Mortgage Association Connecticut Avenue Securities Trust Series 2021-R01, Class 1B2<br>9.70% (30 day USD SOFR Average + 6.000%)<sup>(1),(2)</sup> | 10/25/41 | 6635000 | 6846006 |
|  Federal National Mortgage Association Connecticut Avenue Securities Trust Series 2021-R03, Class 1B2<br>9.20% (30 day USD SOFR Average + 5.500%)<sup>(1),(2)</sup> | 12/25/41 | 7330000 | 7575542 |
|  Federal National Mortgage Association Connecticut Avenue Securities Trust Series 2022-R01, Class 1B2<br>9.70% (30 day USD SOFR Average + 6.000%)<sup>(1),(2)</sup> | 12/25/41 | 5710000 | 5928620 |
|  First Franklin Mortgage Loan Trust Series 2006-FF13, Class A2C<br>4.11% (1 mo. USD Term SOFR + 0.434%)<sup>(2)</sup> | 10/25/36 | 9660393 | 6379462 |
|  First Franklin Mortgage Loan Trust Series 2007-FF2, Class A2D<br>4.23% (1 mo. USD Term SOFR + 0.554%)<sup>(2)</sup> | 03/25/37 | 625721 | 299750 |
|  First Horizon Alternative Mortgage Securities Trust Series 2007-FA1, Class A4<br>6.25% | 03/25/37 | 535408 | 179911 |
|  First Horizon Alternative Mortgage Securities Trust Series 2007-FA2, Class 1A4<br>5.75% | 04/25/37 | 705770 | 215195 |
|  GCAT Trust Series 2021-NQM6, Class A1<br>1.86%<sup>(1),(10)</sup> | 08/25/66 | 1134946 | 1047451 |
|  GCAT Trust Series 2025-NQM1, Class B1<br>7.08%<sup>(1),(10)</sup> | 11/25/69 | 4036000 | 4095947 |
|  GCAT Trust Series 2025-NQM4, Class B1<br>7.20%<sup>(1),(10)</sup> | 06/25/70 | 3356000 | 3416693 |
|  GSAA Home Equity Trust Series 2007-5, Class 1F3B<br>6.00%<sup>(10)</sup> | 05/25/37 | 4300000 | 284190 |
|  GSAA Home Equity Trust Series 2007-5, Class 1F5B<br>6.44% | 05/25/37 | 1987261 | 131645 |
|  GSAA Home Equity Trust Series 2007-5, Class 2A2A<br>4.25% (1 mo. USD Term SOFR + 0.574%)<sup>(2)</sup> | 04/25/47 | 706153 | 307609 |
|  GSAA Trust Series 2006-7, Class AF3<br>6.72% | 03/25/46 | 2641021 | 915108 |
|  GSAA Trust Series 2007-3, Class 2A1B<br>3.99% (1 mo. USD Term SOFR + 0.314%)<sup>(2)</sup> | 03/25/47 | 166316 | 7268 |
|  GSR Mortgage Loan Trust Series 2005-AR6, Class 2A1<br>4.87%<sup>(10)</sup> | 09/25/35 | 2215 | 2126 |
|  HarborView Mortgage Loan Trust Series 2005-9, Class 2A1A<br>4.47% (1 mo. USD Term SOFR + 0.794%)<sup>(2)</sup> | 06/20/35 | 11280 | 10649 |
|  HarborView Mortgage Loan Trust Series 2006-4, Class 1A1A<br>4.15% (1 mo. USD Term SOFR + 0.474%)<sup>(2)</sup> | 05/19/46 | 2342098 | 1174123 |
|  HOMES Trust Series 2023-NQM1, Class B1<br>6.95%<sup>(1),(10)</sup> | 01/25/68 | 2900000 | 2892422 |
|  HOMES Trust Series 2024-NQM2, Class B1<br>7.70%<sup>(1),(10)</sup> | 10/25/69 | 5461000 | 5584111 |
|  HOMES Trust Series 2025-NQM1, Class M1<br>6.52%<sup>(1),(10)</sup> | 01/25/70 | 3542000 | 3604219 |
|  HOMES Trust Series 2025-NQM3, Class B1<br>7.42%<sup>(1),(10)</sup> | 02/25/70 | 2794000 | 2856178 |
|  HOMES Trust Series 2025-NQM4, Class B1<br>6.90%<sup>(1),(10)</sup> | 08/25/70 | 2405500 | 2436483 |
|  Homeward Opportunities Fund Trust Series 2024-RRTL2, Class A2<br>6.37%<sup>(1)</sup> | 09/25/39 | 3800000 | 3809084 |
|  Homeward Opportunities Fund Trust Series 2025-RRTL1, Class M1<br>6.83%<sup>(1),(10)</sup> | 03/25/40 | 2645000 | 2676413 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** |  |  |
|  Homeward Opportunities Fund Trust Series 2025-RRTL2, Class A2<br>5.66%<sup>(1)</sup> | 09/25/40 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4130000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4155151 |
|  HSI Asset Loan Obligation Trust Series 2007-WF1, Class A5<br>6.72% | 12/25/36 | 236819 | 72734 |
|  IndyMac INDX Mortgage Loan Trust Series 2006-AR3, Class 2A1A<br>3.71%<sup>(10)</sup> | 03/25/36 | 64682 | 43720 |
|  JPMorgan Alternative Loan Trust Series 2006-S1, Class 3A4<br>6.18%<sup>(10)</sup> | 03/25/36 | 852113 | 756233 |
|  JPMorgan Mortgage Acquisition Trust Series 2006-CH2, Class AF3<br>5.96% | 09/25/29 | 401980 | 239669 |
|  JPMorgan Mortgage Acquisition Trust Series 2006-CW2, Class AF4<br>6.08% | 08/25/36 | 1302702 | 759989 |
|  JPMorgan Mortgage Acquisition Trust Series 2006-CW2, Class AF5<br>6.34% | 08/25/36 | 247554 | 144371 |
|  JPMorgan Mortgage Acquisition Trust Series 2006-WF1, Class A5<br>6.91% | 07/25/36 | 1570169 | 402624 |
|  JPMorgan Mortgage Acquisition Trust Series 2007-CH1, Class AF6<br>4.39% | 11/25/36 | 595 | 593 |
|  JPMorgan Mortgage Acquisition Trust Series 2007-CH2, Class AF2<br>4.12% | 01/25/37 | 356740 | 175349 |
|  JPMorgan Mortgage Acquisition Trust Series 2007-CH2, Class AF3<br>4.12% | 10/25/30 | 547690 | 269174 |
|  JPMorgan Mortgage Trust Series 2007-S1, Class 2A11<br>6.00% | 03/25/37 | 351628 | 126767 |
|  JPMorgan Mortgage Trust Series 2024-CES1, Class A1B<br>6.02%<sup>(1)</sup> | 06/25/54 | 738771 | 746499 |
|  JPMorgan Mortgage Trust Series 2024-CES1, Class A2<br>6.15%<sup>(1)</sup> | 06/25/54 | 532852 | 539728 |
|  JPMorgan Mortgage Trust Series 2025-CES1, Class A3<br>6.07%<sup>(1),(10)</sup> | 05/25/55 | 1539000 | 1568341 |
|  JPMorgan Mortgage Trust Series 2025-NQM1, Class B1<br>7.39%<sup>(1),(10)</sup> | 06/25/65 | 3243000 | 3320001 |
|  JPMorgan Mortgage Trust Series 2025-NQM1, Class M1A<br>6.35%<sup>(1),(10)</sup> | 06/25/65 | 3190000 | 3243424 |
|  JPMorgan Mortgage Trust Series 2025-NQM2, Class B1<br>7.60%<sup>(1),(10)</sup> | 09/25/65 | 3046000 | 3107585 |
|  Knock Issuer Trust Series 2025-1, Class A1<br>7.12%<sup>(1)</sup> | 02/25/30 | 2545000 | 2581283 |
|  Lehman ABS Manufactured Housing Contract Trust Series 2001-B, Class M1<br>6.63%<sup>(10)</sup> | 04/15/40 | 146927 | 148052 |
|  Lehman Mortgage Trust Series 2006-1, Class 1A5<br>5.50% | 02/25/36 | 128469 | 59327 |
|  Lehman Mortgage Trust Series 2006-7, Class 2A5 (I/O) (I/F)<br>2.76% (-1 mo. USD Term SOFR + 6.436%)<sup>(2)</sup> | 11/25/36 | 182956 | 21111 |
|  Lehman Mortgage Trust Series 2006-9, Class 3A2 (I/O) (I/F)<br>3.44% (-1 mo. USD Term SOFR + 7.116%)<sup>(2)</sup> | 01/25/37 | 5516744 | 382545 |
|  Lehman Mortgage Trust Series 2007-5, Class 10A2 (I/O) (I/F)<br>2.55% (-1 mo. USD Term SOFR + 6.226%)<sup>(2)</sup> | 06/25/37 | 8161508 | 855585 |
|  Lehman Mortgage Trust Series 2007-5, Class 7A3<br>7.50% | 10/25/36 | 482221 | 135135 |
|  Lehman XS Trust Series 2005-1, Class 3A4<br>5.37% | 07/25/35 | 22367 | 23990 |
|  Lehman XS Trust Series 2006-17, Class 1A (I/O)<br>0.60% | 08/25/46 | 6415401 | 157331 |
|  Lehman XS Trust Series 2006-17, Class 1A3<br>4.29% (1 mo. USD Term SOFR + 0.614%)<sup>(2)</sup> | 08/25/46 | 158002 | 144915 |
|  LHOME Mortgage Trust Series 2025-RTL1, Class A2<br>5.95%<sup>(1)</sup> | 01/25/40 | 3609000 | 3654374 |
|  MASTR Alternative Loan Trust Series 2005-2, Class 4A3<br>4.19% (1 mo. USD Term SOFR + 0.514%)<sup>(2)</sup> | 03/25/35 | 3258 | 3227 |
|  MASTR Asset-Backed Securities Trust Series 2006-NC2, Class A3<br>4.01% (1 mo. USD Term SOFR + 0.334%)<sup>(2)</sup> | 08/25/36 | 643817 | 227350 |
|  Merrill Lynch Alternative Notes Asset Trust Series 2007-A1, Class A3<br>4.11% (1 mo. USD Term SOFR + 0.434%)<sup>(2)</sup> | 01/25/37 | 608224 | 182737 |
|  Merrill Lynch First Franklin Mortgage Loan Trust Series 2007-3, Class A2B<br>4.05% (1 mo. USD Term SOFR + 0.374%)<sup>(2)</sup> | 06/25/37 | 177435 | 177826 |
|  Merrill Lynch Mortgage Investors Trust Series 2004-B, Class A1<br>4.29% (1 mo. USD Term SOFR + 0.614%)<sup>(2)</sup> | 05/25/29 | 2562 | 2517 |
|  Merrill Lynch Mortgage Investors Trust Series 2006-HE6, Class A2B<br>4.02% (1 mo. USD Term SOFR + 0.414%)<sup>(2)</sup> | 11/25/37 | 712194 | 219382 |
|  Merrill Lynch Mortgage Investors Trust Series 2006-RM2, Class A1A<br>4.16% (1 mo. USD Term SOFR + 0.484%)<sup>(2)</sup> | 05/25/37 | 3297083 | 926517 |
|  Mid-State Capital Corp. Trust Series 2005-1, Class A<br>5.75% | 01/15/40 | 767 | 767 |
|  Mid-State Capital Corp. Trust Series 2006-1, Class A<br>5.79%<sup>(1)</sup> | 10/15/40 | 19042 | 19186 |
|  Mid-State Trust XI Series 11, Class A1<br>4.86% | 07/15/38 | 519 | 519 |
|  Morgan Stanley Mortgage Loan Trust Series 2007-13, Class 6A1<br>6.00% | 10/25/37 | 172962 | 91540 |
|  Morgan Stanley Residential Mortgage Loan Trust Series 2024-INV3, Class A1<br>6.50%<sup>(1),(10)</sup> | 06/25/54 | 1320304 | 1351942 |
|  Morgan Stanley Residential Mortgage Loan Trust Series 2025-NQM1, Class B1B<br>7.12%<sup>(1),(10)</sup> | 11/25/69 | 3350000 | 3356191 |
|  Morgan Stanley Residential Mortgage Loan Trust Series 2025-NQM5, Class M1<br>6.14%<sup>(1),(10)</sup> | 07/25/70 | 4055000 | 4120507 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** |  |  |
|  Morgan Stanley Residential Mortgage Loan Trust Series 2026-NQM1, Class M1<br>5.67%<sup>(1),(10)</sup> | 12/25/70 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4150000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4209412 |
|  Nationstar Home Equity Loan Trust Series 2007-C, Class 2AV4<br>4.29% (1 mo. USD Term SOFR + 0.614%)<sup>(2)</sup> | 06/25/37 | 12112 | 11901 |
|  New Residential Mortgage Loan Trust Series 2022-SFR1, Class G<br>5.00%<sup>(1)</sup> | 02/17/39 | 5000000 | 4888680 |
|  New Residential Mortgage Loan Trust Series 2022-SFR2, Class F<br>4.00%<sup>(1)</sup> | 09/04/39 | 5000000 | 4860585 |
|  Oakwood Mortgage Investors, Inc. Series 1999-C, Class A2<br>7.48% | 08/15/27 | 179839 | 129333 |
|  OBX Trust Series 2022-NQM7, Class A3<br>5.70%<sup>(1)</sup> | 08/25/62 | 1099756 | 1100890 |
|  OBX Trust Series 2024-NQM16, Class M1<br>6.37%<sup>(1),(10)</sup> | 10/25/64 | 4000000 | 4057955 |
|  OBX Trust Series 2026-NQM1, Class M1<br>5.64%<sup>(1),(10)</sup> | 11/25/65 | 5250000 | 5281081 |
|  PMT Loan Trust Series 2024-INV1, Class A29<br>6.00%<sup>(1),(10)</sup> | 10/25/59 | 1058110 | 1070587 |
|  PRET LLC Series 2025-NPL4, Class A1<br>6.37%<sup>(1)</sup> | 04/25/55 | 3888580 | 3906508 |
|  PRET LLC Series 2025-NPL6, Class A1<br>5.74%<sup>(1)</sup> | 06/25/55 | 3416651 | 3431568 |
|  PRET Trust Series 2025-NPL1, Class A1<br>6.06%<sup>(1)</sup> | 02/25/55 | 1449799 | 1452177 |
|  PRKCM Trust Series 2023-AFC1, Class B1<br>7.40%<sup>(1),(10)</sup> | 02/25/58 | 1200000 | 1196150 |
|  PRPM LLC Series 2024-RPL1, Class B1<br>4.24%<sup>(1),(10)</sup> | 12/25/64 | 8131000 | 7644008 |
|  PRPM LLC Series 2024-RPL1, Class M1<br>4.24%<sup>(1),(10)</sup> | 12/25/64 | 1600000 | 1548792 |
|  PRPM LLC Series 2024-RPL3, Class A2<br>4.00%<sup>(1)</sup> | 11/25/54 | 1150000 | 1114004 |
|  PRPM LLC Series 2024-RPL4, Class M1<br>4.00%<sup>(1)</sup> | 12/25/54 | 1280000 | 1203826 |
|  PRPM LLC Series 2025-RCF1, Class A2<br>4.50%<sup>(1)</sup> | 02/25/55 | 3000000 | 2953247 |
|  PRPM LLC Series 2025-RPL3, Class M2<br>3.25%<sup>(1)</sup> | 04/25/55 | 4150000 | 3803791 |
|  PRPM Trust Series 2023-NQM2, Class B1<br>6.87%<sup>(1),(10)</sup> | 08/25/68 | 1250000 | 1256164 |
|  PRPM Trust Series 2023-NQM3, Class B2<br>7.38%<sup>(1),(10)</sup> | 11/25/68 | 850000 | 852634 |
|  PRPM Trust Series 2025-NQM1, Class M1B<br>7.14%<sup>(1),(10)</sup> | 11/25/69 | 2300000 | 2351616 |
|  PRPM Trust Series 2026-RCF1, Class M1<br>5.50%<sup>(1)</sup> | 01/25/56 | 5000000 | 4984470 |
|  RALI Trust Series 2005-QS14, Class 3A3<br>6.00% | 09/25/35 | 92070 | 81476 |
|  RALI Trust Series 2005-QS16, Class A7<br>5.50% | 11/25/35 | 297364 | 265305 |
|  RALI Trust Series 2006-QS15, Class A3<br>6.50% | 10/25/36 | 639533 | 561748 |
|  RALI Trust Series 2006-QS18, Class 2A2 (I/O) (I/F)<br>2.76% (-1 mo. USD Term SOFR + 6.436%)<sup>(2)</sup> | 12/25/36 | 3140114 | 371552 |
|  RALI Trust Series 2006-QS4, Class A2 (PAC)<br>6.00% | 04/25/36 | 225930 | 185302 |
|  RALI Trust Series 2006-QS4, Class A4<br>6.00% | 04/25/36 | 279878 | 229548 |
|  RALI Trust Series 2006-QS6, Class 1A15<br>6.00% | 06/25/36 | 113522 | 93591 |
|  RALI Trust Series 2006-QS6, Class 1A2<br>6.00% | 06/25/36 | 445954 | 367657 |
|  RALI Trust Series 2006-QS6, Class 1A4<br>6.00% | 06/25/36 | 744267 | 613595 |
|  RALI Trust Series 2007-QH9, Class X (P/O)<br>0.70%<sup>(10)</sup> | 11/25/37 | 9466278 | 337071 |
|  RALI Trust Series 2007-QO2, Class A1<br>3.94% (1 mo. USD Term SOFR + 0.264%)<sup>(2)</sup> | 02/25/47 | 502303 | 149120 |
|  RALI Trust Series 2007-QS1, Class 1A4<br>6.00% | 01/25/37 | 368187 | 295455 |
|  RALI Trust Series 2007-QS1, Class 2A1 (I/O) (I/F)<br>2.85% (-1 mo. USD Term SOFR + 6.526%)<sup>(2)</sup> | 01/25/37 | 5155110 | 723181 |
|  RALI Trust Series 2007-QS3, Class A1<br>6.50% | 02/25/37 | 348786 | 295853 |
|  RALI Trust Series 2007-QS7, Class 1A1 (PAC)<br>6.00% | 05/25/37 | 38638 | 32513 |
|  RCKT Mortgage Trust Series 2024-CES5, Class A3<br>6.44%<sup>(1)</sup> | 08/25/44 | 860000 | 877857 |
|  RCKT Mortgage Trust Series 2024-CES6, Class B1<br>7.23%<sup>(1)</sup> | 09/25/44 | 2300000 | 2335469 |
|  RCKT Mortgage Trust Series 2024-CES8, Class A2<br>5.66%<sup>(1)</sup> | 11/25/44 | 1560000 | 1575715 |
|  RCKT Mortgage Trust Series 2024-CES8, Class B1<br>7.40%<sup>(1)</sup> | 11/25/44 | 5010000 | 5114211 |
|  RCKT Mortgage Trust Series 2025-CES12, Class M1<br>5.65%<sup>(1),(10)</sup> | 11/25/55 | 5000000 | 5014815 |
|  Residential Asset Mortgage Products Trust Series 2006-EFC2, Class A4<br>4.23% (1 mo. USD Term SOFR + 0.554%)<sup>(2)</sup> | 12/25/36 | 3459 | 3453 |
|  Residential Asset Securitization Trust Series 2003-A15, Class 1A3 (I/O) (I/F)<br>3.76% (-1 mo. USD Term SOFR + 7.436%)<sup>(2)</sup> | 02/25/34 | 282625 | 34420 |
|  Residential Asset Securitization Trust Series 2005-A8CB, Class A9<br>5.38% | 07/25/35 | 215792 | 109738 |
|  Residential Asset Securitization Trust Series 2006-A12, Class A1<br>6.25% | 11/25/36 | 508297 | 176493 |
|  Residential Asset Securitization Trust Series 2006-A15, Class A2<br>6.25% | 01/25/37 | 506587 | 166621 |
|  Residential Asset Securitization Trust Series 2006-A16, Class 1A3<br>6.00% | 02/25/37 | 333391 | 136707 |
|  Residential Asset Securitization Trust Series 2006-A5CB, Class A4<br>6.00% | 06/25/36 | 209988 | 76198 |
|  Residential Asset Securitization Trust Series 2007-A1, Class A1<br>6.00% | 03/25/37 | 326093 | 99563 |
|  Residential Asset Securitization Trust Series 2007-A3, Class 1A4<br>5.75% | 04/25/37 | 458850 | 199076 |
|  Residential Asset Securitization Trust Series 2007-A6, Class 1A3<br>6.00% | 06/25/37 | 138928 | 68719 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Principal<br>Amount** | **Value** | **Value** |
|  **RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY (Continued)** |  |  |  |  |
|  RFMSI Trust Series 2006-S10, Class 1A1<br>6.00% | 10/25/36 | $| 557476 | $| 455407 |
|  RFMSI Trust Series 2006-S3, Class A7<br>5.50% | 03/25/36 |  | 332496 |  | 268158 |
|  RFMSI Trust Series 2006-S6, Class A10<br>6.00% | 07/25/36 |  | 176240 |  | 153074 |
|  RFMSI Trust Series 2006-S6, Class A14<br>6.00% | 07/25/36 |  | 56511 |  | 49083 |
|  RFMSI Trust Series 2007-S8, Class 1A1<br>6.00% | 09/25/37 |  | 123067 |  | 83685 |
|  Securitized Asset-Backed Receivables LLC Trust Series 2006-CB1, Class AF4<br>2.80% | 01/25/36 |  | 220573 |  | 190026 |
|  Securitized Asset-Backed Receivables LLC Trust Series 2007-NC1, Class A2B<br>4.09% (1 mo. USD Term SOFR + 0.414%)<sup>(2)</sup> | 12/25/36 |  | 797826 |  | 398268 |
|  Shamrock Residential DAC Series 2024-1A, Class C<br>4.17% (1 mo. EUR EURIBOR + 2.200%)<sup>(1),(2)</sup> | 12/24/78 | EUR | 1075000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1271019 |
|  Soundview Home Loan Trust Series 2007-OPT2, Class 2A4<br>4.04% (1 mo. USD Term SOFR + 0.364%)<sup>(2)</sup> | 07/25/37 |  | 211960 |  | 178503 |
|  Soundview Home Loan Trust Series 2007-OPT4, Class 1A1<br>4.79% (1 mo. USD Term SOFR + 1.114%)<sup>(2)</sup> | 09/25/37 |  | 344416 |  | 257477 |
|  Structured Adjustable Rate Mortgage Loan Trust Series 2004-1, Class 4A1<br>6.14%<sup>(10)</sup> | 02/25/34 |  | 608 |  | 590 |
|  Structured Asset Mortgage Investments II Trust Series 2006-AR2, Class A1<br>4.25% (1 mo. USD Term SOFR + 0.574%)<sup>(2)</sup> | 02/25/36 |  | 7070 |  | 6679 |
|  Towd Point Mortgage Trust Series 2024-CES1, Class A1B<br>6.05%<sup>(1),(10)</sup> | 01/25/64 |  | 634739 |  | 639748 |
|  VCAT LLC Series 2026-NPL1, Class A1<br>5.10%<sup>(1)</sup> | 01/25/56 |  | 6315000 |  | 6330066 |
|  Verus Securitization Trust Series 2022-2, Class A2<br>4.26%<sup>(1)</sup> | 02/25/67 |  | 784387 |  | 753318 |
|  Verus Securitization Trust Series 2023-1, Class B1<br>6.84%<sup>(1),(10)</sup> | 12/25/67 |  | 1150000 |  | 1146992 |
|  Verus Securitization Trust Series 2023-INV1, Class B1<br>7.44%<sup>(1),(10)</sup> | 02/25/68 |  | 1120000 |  | 1116442 |
|  Verus Securitization Trust Series 2024-INV1, Class B2<br>8.45%<sup>(1),(10)</sup> | 03/25/69 |  | 3000000 |  | 3046026 |
|  Verus Securitization Trust Series 2024-INV2, Class B2<br>7.95%<sup>(1),(10)</sup> | 08/26/69 |  | 550000 |  | 554715 |
|  Verus Securitization Trust Series 2025-7, Class M1<br>5.82%<sup>(1),(10)</sup> | 08/25/70 |  | 4144000 |  | 4181047 |
|  Verus Securitization Trust Series 2025-INV1, Class B1<br>6.95%<sup>(1),(10)</sup> | 02/25/70 |  | 1750000 |  | 1772559 |
|  Visio Trust Series 2023-1, Class B1<br>7.81%<sup>(1),(10)</sup> | 03/25/58 |  | 900000 |  | 898668 |
|  Washington Mutual Mortgage Pass-Through Certificates WMALT Trust Series 2006-2, Class 1A6<br>6.00% | 03/25/36 |  | 16983 |  | 16874 |
|  Washington Mutual Mortgage Pass-Through Certificates WMALT Trust Series 2006-AR3, Class X3 (I/O)<br>1.15% | 05/25/46 |  | 5354366 |  | 242373 |
|  Wells Fargo Alternative Loan Trust Series 2007-PA2, Class 1A1<br>6.00% | 06/25/37 |  | 141041 |  | 129988 |
|  Wells Fargo Alternative Loan Trust Series 2007-PA5, Class 1A1<br>6.25% | 11/25/37 |  | 249099 |  | 215059 |
|  Wells Fargo Mortgage-Backed Securities Trust Series 2006-AR14, Class 2A3<br>6.50%<sup>(10)</sup> | 10/25/36 |  | 21971 |  | 20264 |
|  Wells Fargo Mortgage-Backed Securities Trust Series 2006-AR4, Class 2A1<br>6.07%<sup>(10)</sup> | 04/25/36 |  | 4320 |  | 4290 |
|  Wells Fargo Mortgage-Backed Securities Trust Series 2007-7, Class A1<br>6.00% | 06/25/37 |  | 1178913 |  | 1108547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Residential Mortgage-Backed Securities — Non-Agency** (Cost: $337,521,260) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Residential Mortgage-Backed Securities — Non-Agency** (Cost: $337,521,260) |  |  |  | 320479837 |
|  **BANK LOANS — 8.4%** | **BANK LOANS — 8.4%** | **BANK LOANS — 8.4%** | **BANK LOANS — 8.4%** | **BANK LOANS — 8.4%** | **BANK LOANS — 8.4%** |
|  **Advertising — 0.2%** | **Advertising — 0.2%** | **Advertising — 0.2%** | **Advertising — 0.2%** | **Advertising — 0.2%** | **Advertising — 0.2%** |
|  Advantage Sales & Marketing, Inc. 2024 Term Loan<br>8.16% (3 mo. USD Term SOFR + 4.250%)<sup>(2)</sup> | 10/28/27 |  | 1076764 |  | 913753 |
|  Neptune Bidco U.S., Inc. 2022 USD Term Loan A<br>0.00%<sup>(13)</sup> | 10/11/28 |  | 600087 |  | 600251 |
|  Neptune Bidco U.S., Inc. 2026 USD Term Loan B<br>0.00%<sup>(13)</sup> | 01/28/33 |  | 900000 |  | 888561 |
|  Outfront Media Capital LLC 2025 Term Loan B<br>5.67% (1 mo. USD Term SOFR + 2.000%)<sup>(2)</sup> | 09/24/32 |  | 1000000 |  | 1005940 |
|  Research Now Group, Inc. 2024 First Lien First Out Term Loan<br>9.14% (3 mo. USD Term SOFR + 5.000%)<sup>(2)</sup> | 07/15/28 |  | 454775 |  | 452501 |
|  |  |  |  |  | 3861006 |
|  **Aerospace & Defense — 0.1%** | **Aerospace & Defense — 0.1%** | **Aerospace & Defense — 0.1%** | **Aerospace & Defense — 0.1%** | **Aerospace & Defense — 0.1%** | **Aerospace & Defense — 0.1%** |
|  HDI Aerospace Intermediate Holding III Corp. Term Loan B<br>7.40% (3 mo. USD Term SOFR + 3.750%)<sup>(2)</sup> | 02/11/32 |  | 813850 |  | 819445 |
|  TransDigm, Inc. 2023 Term Loan J<br>6.17% (1 mo. USD Term SOFR + 2.500%)<sup>(2)</sup> | 02/28/31 |  | 720295 |  | 720774 |
|  TransDigm, Inc. 2025 Term Loan K<br>5.92% (1 mo. USD Term SOFR + 2.250%)<sup>(2)</sup> | 03/22/30 |  | 426128 |  | 426235 |
|  TransDigm, Inc. 2025 Term Loan M<br>6.17% (1 mo. USD Term SOFR + 2.500%)<sup>(2)</sup> | 08/19/32 |  | 1462930 |  | 1463486 |
|  |  |  |  |  | 3429940 |
|  **Airlines — 0.1%** | **Airlines — 0.1%** | **Airlines — 0.1%** | **Airlines — 0.1%** | **Airlines — 0.1%** | **Airlines — 0.1%** |
|  SkyMiles IP Ltd. 2025 Repriced Term Loan B<br>5.17% (3 mo. USD Term SOFR + 1.500%)<sup>(2)</sup> | 10/20/28 |  | 1764154 |  | 1778709 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Principal<br>Amount** | **Value** | **Value** |
|  **Apparel — (0.0%)** |  |  |  |  |  |
|  ABG Intermediate Holdings 2 LLC 2024 1st Lien Term Loan B<br>5.92% (1 mo. USD Term SOFR + 2.250%)<sup>(2)</sup> | 12/21/28 | $| 1226954 | $| 1227794 |
|  **Auto Manufacturers — 0.0%** | **Auto Manufacturers — 0.0%** | **Auto Manufacturers — 0.0%** | **Auto Manufacturers — 0.0%** | **Auto Manufacturers — 0.0%** | **Auto Manufacturers — 0.0%** |
|  Allison Transmission, Inc. 2025 Incremental Term Loan B<br>5.45% (3 mo. USD Term SOFR + 1.750%)<sup>(2)</sup> | 01/02/33 |  | 700000 |  | 702712 |
|  **Auto Parts & Equipment — 0.0%** | **Auto Parts & Equipment — 0.0%** | **Auto Parts & Equipment — 0.0%** | **Auto Parts & Equipment — 0.0%** | **Auto Parts & Equipment — 0.0%** | **Auto Parts & Equipment — 0.0%** |
|  First Brands Group LLC 2021 Term Loan<br>0.00%<sup>(13)</sup> | 03/30/27 |  | 243710 |  | 1361 |
|  First Brands Group LLC 2025 PIK DIP Roll-Up Term Loan B<br>10.69% (1 mo. USD Term SOFR + 7.000%)<sup>(2)</sup> | 06/29/26 |  | 279535 |  | 2203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Auto Parts & Equipment** (Cost: $307,611)  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Auto Parts & Equipment** (Cost: $307,611)  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Auto Parts & Equipment** (Cost: $307,611)  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Auto Parts & Equipment** (Cost: $307,611)  |  | 3564 |
|  **Banks — 0.0%** |  |  |  |  |  |
|  Chrysaor Bidco SARL 2025 USD Term Loan B<br>0.00%<sup>(13)</sup> | 10/30/31 |  | 997500 |  | 1002986 |
|  **Beverages — 0.2%** | **Beverages — 0.2%** | **Beverages — 0.2%** | **Beverages — 0.2%** | **Beverages — 0.2%** | **Beverages — 0.2%** |
|  Arterra Wines Canada, Inc. 2020 Term Loan<br>7.43% (3 mo. USD Term SOFR + 3.500%)<sup>(2)</sup> | 11/24/27 |  | 944173 |  | 930600 |
|  Celsius Holdings, Inc. 2025 Term Loan B<br>6.17% (3 mo. USD Term SOFR + 2.500%)<sup>(2)</sup> | 04/01/32 |  | 417984 |  | 421119 |
|  Naked Juice LLC 2025 FLFO Term Loan<br>9.17% (3 mo. USD Term SOFR + 5.500%)<sup>(2)</sup> | 01/24/29 |  | 2226519 |  | 2219884 |
|  Naked Juice LLC 2025 FLSO Term Loan<br>7.02% (3 mo. USD Term SOFR + 3.250%)<sup>(2)</sup> | 01/24/29 |  | 49002 |  | 31687 |
|  Naked Juice LLC 2025 FLTO Term Loan<br>9.77% (3 mo. USD Term SOFR + 6.000%)<sup>(2)</sup> | 01/24/30 |  | 75459 |  | 16807 |
|  Primo Brands Corp. 2025 Term Loan B<br>5.92% (3 mo. USD Term SOFR + 2.250%)<sup>(2)</sup> | 03/31/28 |  | 1489975 |  | 1492150 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;5112247 |
|  **Biotechnology — 0.0%** |  |  |  |  |  |
|  Genmab AS Term Loan B<br>6.73% (3 mo. USD Term SOFR + 3.000%)<sup>(2)</sup> | 12/13/32 |  | 1000000 |  | 1004910 |
|  **Building Materials — 0.1%** | **Building Materials — 0.1%** | **Building Materials — 0.1%** | **Building Materials — 0.1%** | **Building Materials — 0.1%** | **Building Materials — 0.1%** |
|  Potters Industries LLC 2025 Repriced Term Loan B<br>6.17% (1 mo. USD Term SOFR + 2.500%)<sup>(2)</sup> | 12/23/32 |  | 1500000 |  | 1500937 |
|  **Chemicals — 0.0%** | **Chemicals — 0.0%** | **Chemicals — 0.0%** | **Chemicals — 0.0%** | **Chemicals — 0.0%** | **Chemicals — 0.0%** |
|  Mativ Holdings, Inc. Delayed Draw Term Loan A<br>6.27% (1 mo. USD Term SOFR + 2.500%)<sup>(2)</sup> | 05/06/27 |  | 84299 |  | 83456 |
|  Nouryon Finance BV 2024 USD Term Loan B2<br>6.92% (3 mo. USD Term SOFR + 3.250%)<sup>(2)</sup> | 04/03/28 |  | 997481 |  | 997950 |
|  |  |  |  |  | 1081406 |
|  **Commercial Services — 1.0%** |  |  |  |  |  |
|  Albion Financing 3 SARL 2025 USD Term Loan<br>6.87% (3 mo. USD Term SOFR + 3.000%)<sup>(2)</sup> | 05/21/31 |  | 995000 |  | 992358 |
|  Allied Universal Holdco LLC 2025 USD Term Loan B<br>6.92% (1 mo. USD Term SOFR + 3.250%)<sup>(2)</sup> | 08/20/32 |  | 1296750 |  | 1300744 |
|  Anticimex International AB 2025 USD Term Loan<br>7.31% (3 mo. USD Term SOFR + 2.900%)<sup>(2)</sup> | 11/17/31 |  | 1517266 |  | 1522682 |
|  ASP Dream Acquisition Co. LLC Term Loan B<br>8.02% (1 mo. USD Term SOFR + 4.250%)<sup>(2)</sup> | 12/15/28 |  | 1120022 |  | 1068686 |
|  Berkeley Research Group LLC Term Loan B<br>6.92% (3 mo. USD Term SOFR + 3.250%)<sup>(2)</sup> | 05/01/32 |  | 1088561 |  | 1088169 |
|  CCRR Parent, Inc. Term Loan B<br>8.33% (3 mo. USD Term SOFR + 4.250%)<sup>(2)</sup> | 03/06/28 |  | 133495 |  | 34423 |
|  CCRR Parent, Inc. US Acquisition Facility<br>8.17% (3 mo. USD Term SOFR + 4.250%)<sup>(2)</sup> | 03/06/28 |  | 402440 |  | 103461 |
|  Element Materials Technology Group U.S. Holdings, Inc. 2022 USD Term Loan<br>7.35% (3 mo. USD Term SOFR + 3.675%)<sup>(2)</sup> | 07/06/29 |  | 246956 |  | 248295 |
|  Ensemble RCM LLC 2024 Term Loan B<br>6.67% (3 mo. USD Term SOFR + 3.000%)<sup>(2)</sup> | 08/01/29 |  | 992424 |  | 985448 |
|  Ensemble RCM LLC 2026 Term Loan B<br>0.00%<sup>(13)</sup> | 01/28/33 |  | 1000000 |  | 991250 |
|  Fugue Finance BV 2025 Repriced Term Loan<br>6.57% (3 mo. USD Term SOFR + 2.750%)<sup>(2)</sup> | 01/09/32 |  | 1008338 |  | 1003297 |
|  Inspired Education U.S. Holdings, Inc. 2026 USD Term Loan B<br>0.00%<sup>(13)</sup> | 02/28/31 |  | 1000000 |  | 997500 |
|  Kelso Industries LLC Term Loan<br>9.57% (3 mo. USD Term SOFR + 5.750%)<sup>(2)</sup> | 12/30/29 |  | 114839 |  | 115413 |
|  KUEHG Corp. 2025 Term Loan<br>6.42% (3 mo. USD Term SOFR + 2.750%)<sup>(2)</sup> | 06/12/30 |  | 997494 |  | 942946 |
|  Learning Care Group U.S. No. 2, Inc. 2024 Term Loan B<br>7.84% (3 mo. USD Term SOFR + 4.000%)<sup>(2)</sup> | 08/11/28 |  | 1246827 |  | 947589 |
|  Lernen Bidco Ltd. 2025 USD Term Loan B3 0.00%<sup>(13)</sup> | 10/27/31 |  | 1000000 |  | 1002085 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **Commercial Services (Continued)** |  |  |  |
|  Lernen Bidco Ltd. 2025 USD Term Loan B3B<br>0.00%<sup>(13)</sup> | 10/27/31 | $1000000 | $1002085 |
|  Nuvei Technologies Corp. 2025 Repriced Term Loan B<br>6.17% (1 mo. USD Term SOFR + 2.500%)<sup>(2)</sup> | 11/17/31 | 1491256 | 1481399 |
|  Prime Security Services Borrower LLC 2025 Incremental Term Loan B<br>5.44% (1 mo. USD Term SOFR + 1.750%)<sup>(2)</sup> | 03/07/32 | 997487 | 993956 |
|  Priority Holdings LLC 2025 Term Loan B<br>7.42% (1 mo. USD Term SOFR + 3.750%)<sup>(2)</sup> | 07/30/32 | 1490424 | 1465832 |
|  Prometric Holdings, Inc. 2025 Term Loan B<br>7.42% (1 mo. USD Term SOFR + 3.750%)<sup>(2)</sup> | 06/25/32 | 997500 | 1000408 |
|  Raven Acquisition Holdings LLC Term Loan B<br>6.67% (1 mo. USD Term SOFR + 3.000%)<sup>(2)</sup> | 11/19/31 | 930677 | 922649 |
|  Ryan LLC 2025 Term Loan<br>7.17% (1 mo. USD Term SOFR + 3.500%)<sup>(2)</sup> | 11/05/32 | 500000 | 494688 |
|  Secretariat Advisors LLC 2025 Delayed Draw Term Loan<br>0.00%<sup>(13)</sup> | 02/28/32 | 148876 | 149341 |
|  Secretariat Advisors LLC 2025 Term Loan B<br>0.00%<sup>(13)</sup> | 02/28/32 | 1226402 | 1230234 |
|  TTF Holdings LLC 2024 Term Loan<br>7.79% (6 mo. USD Term SOFR + 3.750%)<sup>(2)</sup> | 07/18/31 | 1522106 | 1156800 |
|  Valvoline, Inc. Term Loan B<br>5.70% (1 mo. USD Term SOFR + 2.000%)<sup>(2)</sup> | 12/01/32 | 659040 | 663367 |
|  Veritiv Corp. Term Loan B<br>7.67% (3 mo. USD Term SOFR + 4.000%)<sup>(2)</sup> | 12/02/30 | 563830 | 553329 |
|  VT Topco, Inc. 2024 1st Lien Term Loan B<br>6.66% (3 mo. USD Term SOFR + 3.000%)<sup>(2)</sup> | 08/09/30 | 994962 | 968531 |
|  XPLOR T1 LLC 2025 Term Loan<br>7.29% (3 mo. USD Term SOFR + 3.500%)<sup>(2)</sup> | 12/01/32 | 997500 | 980044 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;26407009 |
|  **Computers — 0.5%** |  |  |  |
|  Access CIG LLC 2025 Term Loan<br>7.67% (1 mo. USD Term SOFR + 4.000%)<sup>(2)</sup> | 08/19/30 | 992475 | 942027 |
|  Amentum Government Services Holdings LLC 2024 Term Loan B<br>5.67% (1 mo. USD Term SOFR + 2.000%)<sup>(2)</sup> | 09/29/31 | 1001859 | 1003112 |
|  Cyberswift U.S. Finco LLC Term Loan B<br>7.65% (3 mo. USD Term SOFR + 4.000%)<sup>(2)</sup> | 10/08/32 | 1000000 | 972500 |
|  McAfee LLC 2024 USD 1st Lien Term Loan B<br>6.67% (1 mo. USD Term SOFR + 3.000%)<sup>(2)</sup> | 03/01/29 | 1180300 | 1048992 |
|  NCR Atleos LLC 2025 Term Loan B<br>6.70% (3 mo. USD Term SOFR + 3.000%)<sup>(2)</sup> | 04/16/29 | 1000000 | 990000 |
|  Nielsen Consumer, Inc. 2025 USD 1st Lien Term Loan<br>5.92% (1 mo. USD Term SOFR + 2.250%)<sup>(2)</sup> | 10/31/30 | 995003 | 988784 |
|  Peraton Corp. Term Loan B<br>7.52% (3 mo. USD Term SOFR + 3.750%)<sup>(2)</sup> | 02/01/28 | 898617 | 831783 |
|  Ping Identity Corp. 2025 Term Loan<br>6.62% (3 mo. USD Term SOFR + 2.750%)<sup>(2)</sup> | 11/15/32 | 1000000 | 993750 |
|  Surf Holdings LLC 2025 Incremental Term Loan<br>7.29% (1 mo. USD Term SOFR + 3.500%)<sup>(2)</sup> | 03/05/27 | 1492110 | 1481576 |
|  Tempo Acquisition LLC 2025 Repriced Term Loan B<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(2)</sup> | 08/31/28 | 1492481 | 1373911 |
|  X Corp. 2025 Fixed Term Loan<br>9.50% | 10/26/29 | 1041198 | 1079462 |
|  X Corp. Term Loan<br>0.00%<sup>(13)</sup> | 10/26/29 | 828328 | 828241 |
|  |  |  | 12534138 |
|  **Cosmetics/personal Care — 0.1%** |  |  |  |
|  ACP Tara Holdings, Inc. 2025 Term Loan B<br>6.97% (3 mo. USD Term SOFR + 3.250%)<sup>(2)</sup> | 12/15/32 | 1000000 | 1006250 |
|  Opal Bidco SAS USD Term Loan B4<br>6.69% (3 mo. USD Term SOFR + 3.000%)<sup>(2)</sup> | 04/28/32 | 880634 | 881647 |
|  |  |  | 1887897 |
|  **Distribution &wholesale — 0.1%** |  |  |  |
|  BCPE Empire Holdings, Inc. 2025 Term Loan B<br>6.92% (1 mo. USD Term SOFR + 3.250%)<sup>(2)</sup> | 12/11/30 | 1055512 | 1051886 |
|  Gloves Buyer, Inc. 2025 Term Loan<br>7.67% (1 mo. USD Term SOFR + 4.000%)<sup>(2)</sup> | 05/21/32 | 1022450 | 1018830 |
|  |  |  | 2070716 |
|  **Diversified Financial Services — 0.3%** |  |  |  |
|  Avolon TLB Borrower 1 U.S. LLC 2023 Term Loan B6<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(2)</sup> | 06/24/30 | 1139355 | 1145468 |
|  Blackhawk Network Holdings, Inc. 2025 Term Loan B<br>7.67% (3 mo. USD Term SOFR + 4.000%)<sup>(2)</sup> | 03/12/29 | 1562578 | 1566157 |
|  Corpay Technologies Operating Co. LLC 2025 Term Loan B<br>0.00%<sup>(13)</sup> | 11/05/32 | 1000000 | 999645 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Principal<br>Amount** | **Value** | **Value** |
|  **Diversified Financial Services (Continued)** |  |  |  |  |  |
|  Delos Aircraft DAC Term Loan<br>5.42% (3 mo. USD Term SOFR + 1.750%)<sup>(2)</sup> | 10/31/27 | $| 556667 | $| 560146 |
|  Guggenheim Partners LLC 2024 Term Loan B<br>6.17% (3 mo. USD Term SOFR + 2.500%)<sup>(2)</sup> | 11/26/31 |  | 1015586 |  | 1018125 |
|  Jane Street Group LLC 2024 Term Loan B1<br>5.82% (3 mo. USD Term SOFR + 2.000%)<sup>(2)</sup> | 12/15/31 |  | 1458547 |  | 1449795 |
|  Jefferies Finance LLC 2024 Term Loan<br>6.43% (1 mo. USD Term SOFR + 2.750%)<sup>(2)</sup> | 10/21/31 |  | 1167837 |  | 1166377 |
|  Orion Advisor Solutions, Inc. 2026 Repriced Term Loan B<br>0.00%<sup>(13)</sup> | 09/24/30 |  | 997494 |  | 996561 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;8902274 |
|  **Electric — 0.2%** |  |  |  |  |  |
|  Alpha Generation LLC Term Loan B<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(2)</sup> | 09/30/31 |  | 1767863 |  | 1768199 |
|  Astoria Energy LLC 2025 Term Loan B<br>6.42% (3 mo. USD Term SOFR + 2.750%)<sup>(2)</sup> | 06/23/32 |  | 731207 |  | 734348 |
|  Cornerstone Generation LLC Term Loan B<br>6.92% (3 mo. USD Term SOFR + 3.250%)<sup>(2)</sup> | 08/11/32 |  | 174892 |  | 176459 |
|  Potomac Energy Center LLC 2025 Term Loan<br>6.67% (3 mo. USD Term SOFR + 3.000%)<sup>(2)</sup> | 08/05/32 |  | 240392 |  | 241996 |
|  South Field LLC 2025 1st Lien Term Loan B<br>6.67% (3 mo. USD Term SOFR + 3.000%)<sup>(2)</sup> | 08/29/31 |  | 354946 |  | 357459 |
|  South Field LLC 2025 1st Lien Term Loan C<br>6.67% (3 mo. USD Term SOFR + 3.000%)<sup>(2)</sup> | 08/29/31 |  | 21453 |  | 21604 |
|  Talen Energy Supply LLC 2023 Term Loan B<br>6.35% (3 mo. USD Term SOFR + 2.500%)<sup>(2)</sup> | 05/17/30 |  | 993645 |  | 995419 |
|  Vistra Operations Co. LLC 1st Lien Term Loan B3<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(2)</sup> | 12/20/30 |  | 1008329 |  | 1011086 |
|  |  |  |  |  | 5306570 |
|  **Electrical Components & Equipment — 0.1%** |  |  |  |  |  |
|  Pelican Products, Inc. 2021 Term Loan<br>8.18% (3 mo. USD Term SOFR + 4.250%)<sup>(2)</sup> | 12/29/28 |  | 2153305 |  | 2022330 |
|  **Electronics — 0.1%** | **Electronics — 0.1%** | **Electronics — 0.1%** | **Electronics — 0.1%** | **Electronics — 0.1%** | **Electronics — 0.1%** |
|  Coherent Corp. 2025 Term Loan B2<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(2)</sup> | 07/02/29 |  | 241897 |  | 243106 |
|  Lsf12 Crown U.S. Commercial Bidco LLC 2026 Term Loan B<br>6.68% (1 mo. USD Term SOFR + 3.000%)<sup>(2)</sup> | 12/02/31 |  | 967607 |  | 970631 |
|  TCP Sunbelt Acquisition Co. 2024 Term Loan B<br>8.07% (3 mo. USD Term SOFR + 4.250%)<sup>(2)</sup> | 10/24/31 |  | 44550 |  | 44745 |
|  |  |  |  |  | 1258482 |
|  **Engineering & Construction — 0.1%** |  |  |  |  |  |
|  Astrion Group LLC 2024 Term Loan<br>8.67% (3 mo. USD Term SOFR + 5.000%)<sup>(2)</sup> | 08/29/31 |  | 1492462 |  | 1156658 |
|  Legence Holdings LLC 2025 Repriced Term Loan B<br>5.92% (1 mo. USD Term SOFR + 2.250%)<sup>(2)</sup> | 12/16/31 |  | 250816 |  | 251976 |
|  SBA Senior Finance II LLC 2024 Term Loan B<br>5.43% (1 mo. USD Term SOFR + 1.750%)<sup>(2)</sup> | 01/25/31 |  | 1496193 |  | 1502664 |
|  |  |  |  |  | 2911298 |
|  **Entertainment — 0.7%** |  |  |  |  |  |
|  Allwyn Entertainment Financing U.S. LLC 2025 1st Lien Term Loan B<br>6.17% (3 mo. USD Term SOFR + 2.500%) | 11/24/32 |  | 1150000 |  | 1130237 |
|  Betclic Everest Group SAS 2026 EUR Term Loan B<br>0.00%<sup>(13)</sup> | 12/10/31 |  | EUR<br>1,380,555 |  | 1640073 |
|  Churchill Downs, Inc. 2021 Incremental Term Loan B1<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(2)</sup> | 03/17/28 |  | 997382 |  | 999567 |
|  City Football Group Ltd. 2024 Term Loan<br>6.93% (3 mo. USD Term SOFR + 3.000%)<sup>(2)</sup> | 07/22/30 |  | 1453244 |  | 1450977 |
|  DK Crown Holdings, Inc. 2025 Term Loan B<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(2)</sup> | 03/04/32 |  | 1119889 |  | 1122163 |
|  EOC Borrower LLC Term Loan A<br>7.42% (1 mo. USD Term SOFR + 3.750%)<sup>(2)</sup> | 03/24/28 |  | 436563 |  | 436836 |
|  EOC Borrower LLC Term Loan B<br>6.67% (1 mo. USD Term SOFR + 3.000%)<sup>(2)</sup> | 03/24/32 |  | 497500 |  | 498433 |
|  Flutter Financing BV 2024 Term Loan B<br>5.42% (3 mo. USD Term SOFR + 1.750%)<sup>(2)</sup> | 11/30/30 |  | 910405 |  | 910632 |
|  Great Canadian Gaming Corp. 2024 Term Loan B<br>8.44% (3 mo. USD Term SOFR + 4.750%)<sup>(2)</sup> | 11/01/29 |  | 2000000 |  | 1961250 |
|  GVC Holdings Gibraltar Ltd. 2025 Term Loan B6 (2029)<br>5.92% (3 mo. USD Term SOFR + 2.250%)<sup>(2)</sup> | 10/31/29 |  | 969434 |  | 969812 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **Entertainment (Continued)** |  |  |  |
|  J&J Ventures Gaming LLC 2025 Repriced Term Loan B<br>7.17% (1 mo. USD Term SOFR + 3.500%)<sup>(2)</sup> | 04/26/30 | $995439 | $985898 |
|  Live Nation Entertainment, Inc. 2025 Term Loan B<br>5.67% (1 mo. USD Term SOFR + 2.000%)<sup>(2)</sup> | 10/21/32 | 1000000 | 1000000 |
|  PENN Entertainment, Inc. 2022 Term Loan B<br>6.17% (1 mo. USD Term SOFR + 2.500%)<sup>(2)</sup> | 05/03/29 | 997416 | 998398 |
|  Showtime Acquisition LLC 2024 1st Lien Term Loan<br>8.63% (3 mo. USD Term SOFR + 4.750%)<sup>(2)</sup> | 08/16/31 | 438950 | 436755 |
|  TKO Worldwide Holdings LLC 2025 Term Loan<br>5.87% (3 mo. USD Term SOFR + 2.000%)<sup>(2)</sup> | 11/21/31 | 995000 | 998289 |
|  Voyager Parent LLC Repriced Term Loan B<br>7.91% (3 mo. USD Term SOFR + 4.250%)<sup>(2)</sup> | 07/01/32 | 1427487 | 1427579 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;16966899 |
|  **Environmental Control — 0.1%** |  |  |  |
|  Action Environmental Group, Inc. 2023 Term Loan B<br>6.92% (3 mo. USD Term SOFR + 3.250%)<sup>(2)</sup> | 10/24/30 | 997462 | 998090 |
|  GFL Environmental, Inc. 2025 Term Loan B<br>6.27% (3 mo. USD Term SOFR + 2.500%)<sup>(2)</sup> | 03/03/32 | 498750 | 499583 |
|  MIP V Waste Holdings LLC 2025 Term Loan B<br>6.42% (3 mo. USD Term SOFR + 2.750%)<sup>(2)</sup> | 08/20/32 | 995000 | 997488 |
|  |  |  | 2495161 |
|  **Food — 0.3%** |  |  |  |
|  1440 Food Topco LLC Term Loan B<br>8.67% (1 mo. USD Term SOFR + 5.000%)<sup>(2)</sup> | 10/31/31 | 743216 | 704383 |
|  BCPE North Star U.S. HoldCo 2, Inc. Term Loan<br>7.79% (1 mo. USD Term SOFR + 4.000%)<sup>(2)</sup> | 06/09/28 | 1493253 | 1492476 |
|  C&S Wholesale Grocers, Inc. Term Loan B<br>8.67% (3 mo. USD Term SOFR + 5.000%)<sup>(2)</sup> | 09/20/30 | 1591835 | 1577907 |
|  United Natural Foods, Inc. 2024 Term Loan<br>8.42% (1 mo. USD Term SOFR + 4.750%)<sup>(2)</sup> | 05/01/31 | 984365 | 991949 |
|  Upfield BV 2025 USD Term Loan B12<br>7.62% (6 mo. USD Term SOFR + 3.750%)<sup>(2)</sup> | 12/31/27 | 1746859 | 1733758 |
|  Upfield BV 2026 USD Term Loan B15 0.00%<sup>(13)</sup> | 10/31/30 | 1000000 | 992500 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;7492973 |
|  **Forest Products & Paper — 0.0%** |  |  |  |
|  Glatfelter Corp. Term Loan B<br>8.07% (3 mo. USD Term SOFR + 4.250%)<sup>(2)</sup> | 11/04/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;451989 | 448712 |
|  **Health Care-products — 0.2%** |  |  |  |
|  Antylia Scientific Term Loan<br>7.66% (3 mo. USD Term SOFR + 4.000%)<sup>(2)</sup> | 05/27/32 | 353436 | 351536 |
|  Hologic, Inc. 2026 USD Term Loan B<br>0.00% <sup>(13)</sup> | 01/14/33 | 1462085 | 1453225 |
|  Medline Borrower LP 2025 Incremental Term Loan B<br>0.00%<sup>(13)</sup> | 10/23/30 | 1500000 | 1506023 |
|  Medline Borrower LP 2025 Term Loan B<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(2)</sup> | 10/23/28 | 164311 | 164897 |
|  QuidelOrtho Corp. Term Loan<br>7.67% (1 mo. USD Term SOFR + 4.000%)<sup>(2)</sup> | 08/20/32 | 1321862 | 1317070 |
|  |  |  | 4792751 |
|  **Health Care-services — 0.5%** |  |  |  |
|  ADMI Corp. 2021 Incremental Term Loan B3<br>7.54% (1 mo. USD Term SOFR + 3.750%)<sup>(2)</sup> | 12/23/27 | 494832 | 473492 |
|  ADMI Corp. 2021 Term Loan B2<br>7.16% (1 mo. USD Term SOFR + 3.375%)<sup>(2)</sup> | 12/23/27 | 420081 | 402123 |
|  ADMI Corp. 2023 Term Loan B5<br>9.42% (1 mo. USD Term SOFR + 5.750%)<sup>(2)</sup> | 12/23/27 | 83041 | 80965 |
|  Charlotte Buyer, Inc. 2025 Repriced Term Loan B<br>7.92% (1 mo. USD Term SOFR + 4.250%)<sup>(2)</sup> | 02/11/28 | 1494863 | 1463799 |
|  Dermatology Intermediate Holdings III, Inc. 2022 Term Loan B<br>0.00%<sup>(13)</sup> | 03/30/29 | 1000000 | 964645 |
|  Dermatology Intermediate Holdings III, Inc. 2023 Incremental Term Loan B<br>9.17% (3 mo. USD Term SOFR + 5.500%)<sup>(2)</sup> | 03/30/29 | 494872 | 478479 |
|  Heartland Dental LLC 2025 Term Loan<br>7.42% (1 mo. USD Term SOFR + 3.750%)<sup>(2)</sup> | 08/25/32 | 1389769 | 1391798 |
|  IQVIA, Inc. 2025 Incremental Term Loan B5<br>5.42% (3 mo. USD Term SOFR + 1.750%)<sup>(2)</sup> | 01/02/31 | 123571 | 124189 |
|  Modivcare Buyer LLC Super Senior Term Loan<br>10.00% (3 mo. USD Term SOFR + 3.250%)<sup>(2)</sup> | 12/29/30 | 1700000 | 1705670 |
|  ModivCare Buyer LLC Takeback Term Loan<br>8.69% (3 mo. USD Term SOFR + 5.000%)<sup>(2)</sup> | 12/30/32 | 1110313 | 1043833 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Principal<br>Amount** | **Value** | **Value** |
|  **Health Care-services (Continued)** |  |  |  |  |  |
|  NAPA Management Services Corp. Term Loan B<br>9.02% (1 mo. USD Term SOFR + 5.250%)<sup>(2)</sup> | 02/23/29 | $| 1373996 | $| 846196 |
|  Pediatric Associates Holding Co. LLC 2021 Term Loan B<br>7.18% (3 mo. USD Term SOFR + 3.250%)<sup>(2)</sup> | 12/29/28 |  | 1251320 |  | 1221294 |
|  Star Parent, Inc. Term Loan B<br>7.67% (3 mo. USD Term SOFR + 4.000%)<sup>(2)</sup> | 09/27/30 |  | 986896 |  | 988657 |
|  U.S. Fertility Enterprises LLC 2025 Delayed Draw Term Loan<br>0.00%<sup>(13)</sup> | 12/30/32 |  | 197368 |  | 198651 |
|  U.S. Fertility Enterprises LLC 2025 Term Loan<br>0.00%<sup>(13)</sup> | 12/30/32 |  | 1302632 |  | 1311099 |
|  |  |  |  |  | 12694890 |
|  **Holding Companies — Diversified — 0.1%** |  |  |  |  |  |
|  GC Ferry Acquisition I, Inc. Term Loan<br>7.17% (3 mo. USD Term SOFR + 3.500%)<sup>(2)</sup> | 08/16/32 |  | 1364476 |  | 1355737 |
|  **Home Furnishings — 0.0%** |  |  |  |  |  |
|  AI Aqua Merger Sub, Inc. 2024 1st Lien Term Loan B<br>6.85% (3 mo. USD Term SOFR + 3.000%)<sup>(2)</sup> | 07/31/28 |  | 1136708 |  | 1138419 |
|  **Household Products/wares — 0.0%** | **Household Products/wares — 0.0%** | **Household Products/wares — 0.0%** | **Household Products/wares — 0.0%** | **Household Products/wares — 0.0%** | **Household Products/wares — 0.0%** |
|  Lavender Dutch BorrowerCo BV USD Term Loan<br>6.93% (3 mo. USD Term SOFR + 3.250%)<sup>(2)</sup> | 12/30/32 |  | 1000000 |  | 1004585 |
|  **Insurance — 0.1%** | **Insurance — 0.1%** | **Insurance — 0.1%** | **Insurance — 0.1%** | **Insurance — 0.1%** | **Insurance — 0.1%** |
|  AmWINS Group, Inc. 2026 Term Loan B<br>5.67% (1 mo. USD Term SOFR + 2.000%)<sup>(2)</sup> | 01/30/32 |  | 1195071 |  | 1194300 |
|  Asurion LLC 2021 Second Lien Term Loan B4<br>9.04% (1 mo. USD Term SOFR + 5.250%)<sup>(2)</sup> | 01/20/29 |  | 221452 |  | 221729 |
|  Asurion LLC 2024 Term Loan B12<br>7.92% (1 mo. USD Term SOFR + 4.250%)<sup>(2)</sup> | 09/19/30 |  | 180430 |  | 180961 |
|  Howden Group Holdings Ltd. 2025 USD Term Loan B<br>6.42% (1 mo. USD Term SOFR + 2.750%)<sup>(2)</sup> | 02/15/31 |  | 1196992 |  | 1196909 |
|  |  |  |  |  | 2793899 |
|  **Internet — 0.4%** |  |  |  |  |  |
|  Arches Buyer, Inc. 2021 Term Loan B<br>7.02% (1 mo. USD Term SOFR + 3.250%)<sup>(2)</sup> | 12/06/27 |  | 994187 |  | 992681 |
|  Barracuda Networks, Inc. 2022 Term Loan<br>8.17% (3 mo. USD Term SOFR + 4.500%)<sup>(2)</sup> | 08/15/29 |  | 539245 |  | 420107 |
|  Delivery Hero SE 2024 USD Term Loan B<br>8.84% (3 mo. USD Term SOFR + 5.000%)<sup>(2)</sup> | 12/12/29 |  | 2039064 |  | 2044162 |
|  Go Daddy Operating Co. LLC 2024 Term Loan B8<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(2)</sup> | 11/09/29 |  | 544962 |  | 542682 |
|  Magnite, Inc. 2025 Repriced Term Loan B<br>6.67% (1 mo. USD Term SOFR + 3.000%)<sup>(2)</sup> | 02/06/31 |  | 799479 |  | 796149 |
|  MH Sub I LLC 2023 Term Loan<br>7.92% (1 mo. USD Term SOFR + 4.250%)<sup>(2)</sup> | 05/03/28 |  | 801207 |  | 729671 |
|  MH Sub I LLC 2024 Term Loan B4<br>7.92% (1 mo. USD Term SOFR + 4.250%)<sup>(2)</sup> | 12/31/31 |  | 658568 |  | 541438 |
|  Plano HoldCo, Inc. Term Loan B<br>7.17% (3 mo. USD Term SOFR + 3.500%)<sup>(2)</sup> | 10/02/31 |  | 994366 |  | 944647 |
|  PUG LLC 2024 Extended Term Loan B<br>8.42% (1 mo. USD Term SOFR + 4.750%)<sup>(2)</sup> | 03/15/30 |  | 1542276 |  | 1540834 |
|  Red Ventures LLC 2024 Term Loan B<br>6.42% (1 mo. USD Term SOFR + 2.750%)<sup>(2)</sup> | 03/04/30 |  | 475468 |  | 430596 |
|  TripAdvisor, Inc. Term Loan<br>6.42% (1 mo. USD Term SOFR + 2.750%)<sup>(2)</sup> | 07/08/31 |  | 1003155 |  | 977138 |
|  WatchGuard Technologies, Inc. Term Loan<br>8.92% (1 mo. USD Term SOFR + 5.250%)<sup>(2)</sup> | 07/02/29 |  | 1497423 |  | 1499294 |
|  |  |  |  |  | 11459399 |
|  **Investment Companies — 0.1%** |  |  |  |  |  |
|  AAL Delaware Holdco, Inc. 2025 Term Loan<br>6.42% (1 mo. USD Term SOFR + 2.750%)<sup>(2)</sup> | 07/30/31 |  | 997481 |  | 999666 |
|  FinCo I LLC 2025 Repriced Term Loan B<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(2)</sup> | 06/27/29 |  | 997500 |  | 998303 |
|  Intrado Corp. 2023 Term Loan B<br>7.17% (3 mo. USD Term SOFR + 3.500%)<sup>(2)</sup> | 01/31/30 |  | 346465 |  | 346610 |
|  |  |  |  |  | 2344579 |
|  **Leisure Time — 0.0%** |  |  |  |  |  |
|  MajorDrive Holdings IV LLC Term Loan B<br>7.93% (3 mo. USD Term SOFR + 4.000%)<sup>(2)</sup> | 06/01/28 |  | 425168 |  | 406036 |
|  Sabre GLBL, Inc. 2024 Term Loan B1<br>9.77% (1 mo. USD Term SOFR + 6.000%)<sup>(2)</sup> | 11/15/29 |  | 345360 |  | 274778 |
|  |  |  |  |  | 680814 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **Lodging — 0.1%** | **Lodging — 0.1%** | **Lodging — 0.1%** | **Lodging — 0.1%** |
|  Four Seasons Hotels Ltd. 2025 Term Loan B<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(2)</sup> | 09/22/32 | $905517 | $912178 |
|  Hilton Domestic Operating Co., Inc. 2023 Term Loan B4<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(2)</sup> | 11/08/30 | 924611 | 930390 |
|  Station Casinos LLC 2024 Term Loan B<br>5.67% (1 mo. USD Term SOFR + 2.000%)<sup>(2)</sup> | 03/14/31 | 997462 | 999522 |
|  Wyndham Hotels & Resorts, Inc. 2024 Term Loan<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(2)</sup> | 05/24/30 | 997468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1001024 |
|  |  |  | 3843114 |
|  **Machinery-construction & Mining — 0.1%** | **Machinery-construction & Mining — 0.1%** | **Machinery-construction & Mining — 0.1%** | **Machinery-construction & Mining — 0.1%** |
|  Terex Corp. 2025 Term Loan<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(2)</sup> | 10/08/31 | 997494 | 1001439 |
|  WEC U.S. Holdings Ltd. 2024 Term Loan<br>5.70% (1 mo. USD Term SOFR + 2.000%)<sup>(2)</sup> | 01/27/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1608176 | 1608545 |
|  |  |  | 2609984 |
|  **Machinery-diversified — 0.0%** | **Machinery-diversified — 0.0%** | **Machinery-diversified — 0.0%** | **Machinery-diversified — 0.0%** |
|  Oregon Tool, Inc. 2025 1st Lien Term Loan<br>9.23% (3 mo. USD Term SOFR + 5.350%)<sup>(2)</sup> | 10/15/29 | 54649 | 55726 |
|  Oregon Tool, Inc. 2025 2nd Lien Term Loan<br>8.14% (3 mo. USD Term SOFR + 4.000%)<sup>(2)</sup> | 10/15/29 | 712045 | 466389 |
|  |  |  | 522115 |
|  **Media — 0.3%** | **Media — 0.3%** | **Media — 0.3%** | **Media — 0.3%** |
|  Charter Communications Operating LLC 2024 Term Loan B5<br>5.91% (3 mo. USD Term SOFR + 2.250%)<sup>(2)</sup> | 12/15/31 | 3157439 | 3157091 |
|  Nexstar Broadcasting, Inc. 2025 Term Loan B5<br>0.00%<sup>(13)</sup> | 06/28/32 | 995000 | 995826 |
|  Telenet Financing USD LLC 2020 USD Term Loan AR<br>5.79% (1 mo. USD Term SOFR + 2.000%)<sup>(2)</sup> | 04/28/28 | 500000 | 495835 |
|  Virgin Media Bristol LLC 2020 USD Term Loan Q<br>0.00%<sup>(13)</sup> | 01/31/29 | 1500000 | 1500285 |
|  Ziggo Financing Partnership 2025 Term Loan B<br>7.03% (6 mo. USD Term SOFR + 3.250%)<sup>(2)</sup> | 01/15/33 | 1000000 | 989585 |
|  |  |  | 7138622 |
|  **Mining — 0.0%** |  |  |  |
|  American Rock Salt Co. LLC 2024 First Out Term Loan<br>11.08% (3 mo. USD Term SOFR + 7.000%)<sup>(2)</sup> | 06/09/28 | 180709 | 181670 |
|  **Miscellaneous Manufacturers — 0.1%** | **Miscellaneous Manufacturers — 0.1%** | **Miscellaneous Manufacturers — 0.1%** | **Miscellaneous Manufacturers — 0.1%** |
|  Cleanova U.S. Holdings LLC 2025 Term Loan B<br>8.48% (3 mo. USD Term SOFR + 4.750%)<sup>(2)</sup> | 06/14/32 | 470256 | 472608 |
|  Plastipak Packaging, Inc. 2025 Term Loan B<br>6.17% (1 mo. USD Term SOFR + 2.500%)<sup>(2)</sup> | 09/24/32 | 997500 | 996787 |
|  Technimark Holdings LLC 2024 Term Loan<br>6.92%(1 mo. USD Term SOFR + 3.250%)<sup>(2)</sup> | 04/14/31 | 778031 | 775844 |
|  |  |  | 2245239 |
|  **Office/business Equipment — 0.1%** | **Office/business Equipment — 0.1%** | **Office/business Equipment — 0.1%** | **Office/business Equipment — 0.1%** |
|  Xerox Holdings Corp. 2023 Term Loan B<br>7.73% (6 mo. USD Term SOFR + 4.000%)<sup>(2)</sup> | 11/19/29 | 3415999 | 2660807 |
|  **Oil & Gas — 0.1%** | **Oil & Gas — 0.1%** | **Oil & Gas — 0.1%** | **Oil & Gas — 0.1%** |
|  Liquid Tech Solutions LLC 2025 Delayed Draw Term Loan<br>0.00%<sup>(13)</sup> | 10/12/32 | 139319 | 139319 |
|  Liquid Tech Solutions LLC 2025 Term Loan<br>0.00%<sup>(13)</sup> | 10/12/32 | 1360681 | 1360681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Oil & Gas** (Cost: $1,505,625) |  |  | 1500000 |
|  **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** | **Packaging & Containers — 0.1%** |
|  Balcan Innovations, Inc. Term Loan B<br>8.42% (1 mo. USD Term SOFR + 4.750%)<sup>(2)</sup> | 10/18/31 | 576707 | 445506 |
|  BradyPlus Holdings LLC 2025 Term Loan B<br>7.17% (3 mo. USD Term SOFR + 3.500%)<sup>(2)</sup> | 12/29/32 | 1500000 | 1493745 |
|  Plaze, Inc. 2020 Incremental Term Loan<br>7.54% (1 mo. USD Term SOFR + 3.750%)<sup>(2)</sup> | 08/03/26 | 665884 | 606621 |
|  |  |  | 2545872 |
|  **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** |
|  Amneal Pharmaceuticals LLC 2025 Term Loan B<br>7.17% (1 mo. USD Term SOFR + 3.500%)<sup>(2)</sup> | 08/01/32 | 997500 | 1002487 |
|  Dechra Pharmaceuticals Holdings Ltd. USD Term Loan B<br>6.64% (6 mo. USD Term SOFR + 3.000%)<sup>(2)</sup> | 01/27/32 | 198500 | 199095 |
|  Elanco Animal Health, Inc. 2025 Term Loan B<br>5.45% (1 mo. USD Term SOFR + 1.750%)<sup>(2)</sup> | 10/31/32 | 1000000 | 1001375 |
|  Jazz Financing Lux SARL 2024 1st Lien Term Loan B2<br>5.92% (1 mo. USD Term SOFR + 2.250%)<sup>(2)</sup> | 05/05/28 | 879491 | 883031 |
|  Paradigm Parent LLC 1st Lien Term Loan<br>8.17% (3 mo. USD Term SOFR + 4.500%)<sup>(2)</sup> | 04/16/32 | 598500 | 513214 |
|  Pathway Vet Alliance LLC 2025 Tranche A Term Loan A<br>8.67% (3 mo. USD Term SOFR + 5.000%)<sup>(2)</sup> | 06/30/28 | 26508 | 26621 |
|  |  |  | 3625823 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **Pipelines — 0.1%** | **Pipelines — 0.1%** | **Pipelines — 0.1%** | **Pipelines — 0.1%** |
|  Colossus Acquireco LLC Term Loan B<br>5.41% (3 mo. USD Term SOFR + 1.750%)<sup>(2)</sup> | 07/30/32 | $997500 | $995111 |
|  ITT Holdings LLC 2025 Repriced Term Loan B<br>0.00%<sup>(13)</sup> | 10/11/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;997494 | 998431 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Pipelines** (Cost: $1,997,487) |  |  | 1993542 |
|  **REIT — 0.1%** | **REIT — 0.1%** | **REIT — 0.1%** | **REIT — 0.1%** |
|  Healthpeak Properties, Inc. 2024 Term Loan A3<br>4.50% (3 mo. USD Term SOFR + 0.850%)<sup>(2)</sup> | 03/01/29 | 223979 | 221179 |
|  Healthpeak Properties, Inc. Term Loan A1<br>4.51% (1 mo. USD Term SOFR + 0.840%)<sup>(2)</sup> | 08/20/27 | 110979 | 110147 |
|  Healthpeak Properties, Inc. Term Loan A2<br>4.51% (1 mo. USD Term SOFR + 0.840%)<sup>(2)</sup> | 02/22/27 | 110979 | 110146 |
|  Invitation Homes Operating Partnership LP 2024 Term Loan<br>4.63% (1 mo. USD Term SOFR + 0.850%)<sup>(2)</sup> | 09/09/28 | 739444 | 739444 |
|  Iron Mountain, Inc. 2022 Term Loan A<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(2)</sup> | 03/18/30 | 975000 | 967688 |
|  OEG Borrower LLC 2024 Term Loan B<br>7.20% (3 mo. USD Term SOFR + 3.500%)<sup>(2)</sup> | 06/30/31 | 997475 | 1002672 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3151276 |
|  **Retail — 0.4%** | **Retail — 0.4%** | **Retail — 0.4%** | **Retail — 0.4%** |
|  1011778 BC Unlimited Liability Co. 2024 Term Loan B6<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(2)</sup> | 09/20/30 | 868709 | 867841 |
|  BW Gas & Convenience Holdings LLC 2021 Term Loan B<br>7.29% (1 mo. USD Term SOFR + 3.500%)<sup>(2)</sup> | 03/31/28 | 1002175 | 1002175 |
|  Dave & Buster's, Inc. 2024 1st Lien Term Loan B<br>7.13% (3 mo. USD Term SOFR + 3.250%)<sup>(2)</sup> | 11/01/31 | 499284 | 447483 |
|  Lakeshore Intermediate LLC Term Loan<br>7.29% (1 mo. USD Term SOFR + 3.500%)<sup>(2)</sup> | 09/29/28 | 493573 | 379230 |
|  Michaels Cos., Inc. 2021 Term Loan B<br>8.18% (3 mo. USD Term SOFR + 4.250%)<sup>(2)</sup> | 04/17/28 | 83079 | 82504 |
|  Pacific Bells LLC 2024 Repriced Term Loan B<br>7.42% (3 mo. USD Term SOFR + 3.750%)<sup>(2)</sup> | 11/13/28 | 993644 | 998195 |
|  Peer Holding III BV 2025 USD Term Loan B<br>5.92% (3 mo. USD Term SOFR + 2.250%)<sup>(2)</sup> | 09/29/32 | 1100000 | 1101722 |
|  Peer Holding III BV 2025 USD Term Loan B5B<br>6.17% (3 mo. USD Term SOFR + 2.500%)<sup>(2)</sup> | 07/01/31 | 1722098 | 1724035 |
|  QXO, Inc. 2025 Term Loan B<br>5.67% (1 mo. USD Term SOFR + 2.000%)<sup>(2)</sup> | 04/30/32 | 1000000 | 1003125 |
|  Raising Cane's Restaurants LLC 2025 Term Loan B<br>5.69% (1 mo. USD Term SOFR + 2.000%)<sup>(2)</sup> | 11/03/32 | 1000000 | 998755 |
|  Tacala LLC 2025 Repriced Term Loan B<br>6.67% (1 mo. USD Term SOFR + 3.000%)<sup>(2)</sup> | 01/31/31 | 1795547 | 1802280 |
|  |  |  | 10407345 |
|  **Software — 1.0%** | **Software — 1.0%** | **Software — 1.0%** | **Software — 1.0%** |
|  Boxer Parent Co., Inc. 2025 USD Term Loan B<br>6.82% (3 mo. USD Term SOFR + 3.000%)<sup>(2)</sup> | 07/30/31 | 1394987 | 1346163 |
|  Cast & Crew Payroll LLC 2021 Incremental Term Loan<br>7.42% (1 mo. USD Term SOFR + 3.750%)<sup>(2)</sup> | 12/29/28 | 969732 | 609719 |
|  Cloud Software Group, Inc. 2025 Term Loan B (2031)<br>6.92% (3 mo. USD Term SOFR + 3.250%)<sup>(2)</sup> | 03/21/31 | 1497500 | 1456319 |
|  Cloudera, Inc. 2021 Term Loan<br>7.52% (1 mo. USD Term SOFR + 3.750%)<sup>(2)</sup> | 10/08/28 | 1490949 | 1287189 |
|  Darktrace PLC 1st Lien Term Loan<br>6.90% (3 mo. USD Term SOFR + 3.250%)<sup>(2)</sup> | 10/09/31 | 1247487 | 1219157 |
|  Dayforce, Inc. 2025 Term Loan<br>0.00% <sup>(13)</sup> | 08/20/32 | 1000000 | 974375 |
|  DTI Holdco, Inc. 2025 Term Loan B<br>7.67% (1 mo. USD Term SOFR + 4.000%)<sup>(2)</sup> | 04/26/29 | 1375925 | 1292729 |
|  EagleView Technology Corp. 2025 Term Loan<br>9.17% (3 mo. USD Term SOFR + 5.500%)<sup>(2)</sup> | 08/14/28 | 363639 | 343980 |
|  EP Purchaser LLC 2023 Term Loan B<br>8.44% (3 mo. USD Term SOFR + 4.500%)<sup>(2)</sup> | 11/06/28 | 431820 | 269240 |
|  Genesys Cloud Services Holdings II LLC 2025 USD Term Loan B<br>6.17% (1 mo. USD Term SOFR + 2.500%)<sup>(2)</sup> | 01/30/32 | 1228136 | 1203960 |
|  Mermaid Bidco, Inc. 2024 USD Term Loan B<br>7.15% (3 mo. USD Term SOFR + 3.250%)<sup>(2)</sup> | 07/03/31 | 1493684 | 1471278 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **Software (Continued)** | **Software (Continued)** | **Software (Continued)** | **Software (Continued)** |
|  Open Text Corp. 2023 Term Loan B<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(2)</sup> | 01/31/30 | $920988 | $908960 |
|  Planview Parent, Inc. 2024 1st Lien Term Loan<br>0.00%<sup>(13)</sup> | 12/17/27 | 1471242 | 1315533 |
|  Playtika Holding Corp. 2021 Term Loan B1<br>6.54% (1 mo. USD Term SOFR + 2.750%)<sup>(2)</sup> | 03/13/28 | 1497382 | 1456496 |
|  Project Alpha Intermediate Holding, Inc. 2024 1st Lien Term Loan B<br>6.92% (3 mo. USD Term SOFR + 3.250%) | 10/26/30 | 1497475 | 1396403 |
|  Quartz Acquireco LLC 2025 Term Loan B<br>5.92% (3 mo. USD Term SOFR + 2.250%)<sup>(2)</sup> | 06/28/30 | 2183702 | 2118191 |
|  Renaissance Holding Corp. 2024 1st Lien Term Loan<br>7.67% (3 mo. USD Term SOFR + 4.000%)<sup>(2)</sup> | 04/05/30 | 2084140 | 1771519 |
|  SolarWinds Holdings, Inc. 2025 Term Loan<br>7.70% (3 mo. USD Term SOFR + 4.000%)<sup>(2)</sup> | 04/16/32 | 1465504 | 1362919 |
|  SonarSource Financing LLC Term Loan<br>8.17% (3 mo. USD Term SOFR + 4.500%)<sup>(2)</sup> | 12/19/30 | 1477685 | 1425966 |
|  SS&C Technologies, Inc. 2024 Term Loan B8<br>5.67% (1 mo. USD Term SOFR + 2.000%)<sup>(2)</sup> | 05/09/31 | 1212118 | 1213493 |
|  Tuple U.S. Bidco LLC Term Loan B<br>0.00%<sup>(13)</sup> | 01/14/33 | 1250000 | 1237500 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;25681089 |
|  **Telecommunications — 0.1%** |  |  |  |
|  GOGO Intermediate Holdings LLC Term Loan B<br>0.00%<sup>(13)</sup> | 04/30/28 | 1275273 | 1137225 |
|  Zayo Group Holdings, Inc. 2025 USD Term Loan<br>6.79% (1 mo. USD Term SOFR + 3.000%)<sup>(2)</sup> | 03/11/30 | 439883 | 424150 |
|  |  |  | 1561375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Bank Loans** (Cost: $223,923,372) |  |  | 219343616 |
|  **U.S. TREASURY SECURITIES — 3.9%** |  |  |  |
|  U.S. Treasury Notes<br>3.75% | 01/31/31 | 102207000 | 101957471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total U.S. Treasury Securities** (Cost: $101,883,542) |  |  | 101957471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Fixed Income Securities** (Cost: $2,731,530,294) |  |  | 2717809791 |
|  **CONVERTIBLE SECURITIES — 0.2%** |  |  |  |
|  **CONVERTIBLE CORPORATE BONDS — 0.2%** |  |  |  |
|  **Beverages — 0.1%** |  |  |  |
|  Davide Campari-Milano NV (Italy)<br>2.38%<sup>(3)</sup> | 01/17/29 | 1500000 | 1746358 |
|  **Commercial Services — 0.0%** |  |  |  |
|  Worldline SA (France)<br>0.00% <sup>(3),(6),(11)</sup> | 07/30/26 | 958643 | 1137861 |
|  **Engineering & Construction — 0.1%** |  |  |  |
|  Cellnex Telecom SA<br>0.75%<sup>(3)</sup> | 11/20/31 | 1200000 | 1289822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Convertible Corporate Bonds** (Cost: $4,002,738) |  |  | 4174041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Convertible Securities** (Cost: $4,002,738) |  |  | 4174041 |
| **Security** |  | **Shares** |  |
|  **MONEY MARKET INVESTMENTS — 5.6%** |  |  |  |
|  State Street Institutional U.S. Government Money Market Fund — Premier Class,<br>3.65%<sup>(14)</sup> |  | 9894516 | 9894516 |
|  TCW Central Cash Fund,<br>3.65%<sup>(14),(15)</sup> |  | 135760997 | 135760997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Money Market Investments** (Cost: $145,655,513) |  |  | 145655513 |
|  **INVESTMENT COMPANIES — 2.3%** |  |  |  |
|  TCW Private Asset Income Fund — I Class<sup>(15)</sup> |  | 6003636 | 60096395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Investment Companies** (Cost: $60,139,474) |  |  | 60096395 |
|  **COMMON STOCK — 0.0%** |  |  |  |
|  **Beverages — 0.0%** |  |  |  |
|  Luxco Co. Ltd.<sup>(16)</sup> |  | 5862 | 112681 |
|  **Financial — 0.0%** |  |  |  |
|  Ardagh Holdings SA<sup>(16)</sup> |  | 32376 | 238773 |
|  **Health Care-Services — 0.0%** |  |  |  |
|  ModivCare, Inc.<sup>(16)</sup> |  | 71577 | 477168 |
|  **Real Estate — 0.0%** |  |  |  |
|  Aoyuan New Shares<sup>(16)</sup> |  | 30741 | 354 |
|  **REIT — 0.0%** |  |  |  |
|  AGNC Investment Corp. |  | 25500 | 290700 |
|  |  |  | 290700 |
|  **Software — 0.0%** |  |  |  |
|  Research Now Group LLC<sup>(16)</sup> |  | 506 | 3415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stock** (Cost: $1,663,915) |  |  | 1123091 |
| **Issues** |  |  |  |
|  **WARRANTS — 0.0%** |  |  |  |
|  Cineworld Group PLC<sup>(9),(16)</sup> |  | 152713 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Investments (112.3%)** (Cost: $2,942,991,934) |  |  | 2928858833 |
|  **Net Unrealized Appreciation/depreciation On Unfunded Commitments (0.0%)<sup>(17)</sup>** |  |  | (1392) |
|  **Liabilities In Excess Of Other Assets (-12.3%)** |  |  | (321929058) |
|  **Net Assets (100.0%)** |  |  | $2606928383 |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  **FORWARD CURRENCY EXCHANGE CONTRACTS**  | **FORWARD CURRENCY EXCHANGE CONTRACTS**  | **FORWARD CURRENCY EXCHANGE CONTRACTS**  | **FORWARD CURRENCY EXCHANGE CONTRACTS**  | **FORWARD CURRENCY EXCHANGE CONTRACTS**  | **FORWARD CURRENCY EXCHANGE CONTRACTS**  | **FORWARD CURRENCY EXCHANGE CONTRACTS**  |
| **Counterparty** | **Contracts to<br>Deliver** | **Units of<br>Currency** | **Settlement<br>Date** | **In Exchange<br>for USD** | **Contracts at<br>Value** | **Unrealized<br>Appreciation<br>(Depreciation)** |
|  **BUY<sup>(18)</sup>** |  |  |  |  |  |  |
|  Goldman Sachs & Co. | EUR | 1100000 | 02/05/26 | $1309959 | $1304006 | $(5953) |
|  Bank of New York | EUR | 200000 | 02/09/26 | 238989 | 237136 | (1853) |
|  Bank of New York | EUR | 2536451 | 04/01/26 | 2974313 | 3014659 | 40346 |
|  |  |  |  | $4523261 | $4555801 | $32540 |
|  **SELL<sup>(19)</sup>** |  |  |  |  |  |  |
|  Goldman Sachs & Co. | AUD | 18833110 | 04/01/26 | $12641386 | $13112355 | $(470969) |
|  Bank of New York | AUD | 9018131 | 04/01/26 | 6054155 | 6278777 | (224622) |
|  Bank of New York | CAD | 4740000 | 04/01/26 | 3455896 | 3489634 | (33738) |
|  Goldman Sachs & Co. | EUR | 7855597 | 04/01/26 | 9289223 | 9336647 | (47424) |
|  Bank of New York | EUR | 64501023 | 04/01/26 | 75753325 | 76661678 | (908353) |
|  Bank of New York | GBP | 18524040 | 04/01/26 | 25035392 | 25345406 | (310014) |
|  Goldman Sachs & Co. | GBP | 1088254 | 04/01/26 | 1454937 | 1488997 | (34060) |
|  |  |  |  | $133684314 | $135713494 | $(2029180) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  **FUTURES CONTRACTS**  | **FUTURES CONTRACTS**  | **FUTURES CONTRACTS**  | **FUTURES CONTRACTS**  | **FUTURES CONTRACTS**  | **FUTURES CONTRACTS**  |
| **Number of<br>Contracts** | **Type** | **Expiration<br>Date** | **Notional<br>Contract Value** | **Value** | **Net<br>Unrealized<br>Appreciation<br>(Depreciation)** |
|  **Long Futures** |  |  |  |  |  |
| 878 | 2-Year U.S. Treasury Note Futures | 03/31/26 | $183246017 | $183056141 | $(189876) |
| 5274 | 5-Year U.S. Treasury Note Futures | 03/31/26 | 576512589 | 574495175 | (2017414) |
|  |  |  | $**759758606** | $**757551316** | $**(2207290)** |
|  **Short Futures** | **Short Futures** | **Short Futures** | **Short Futures** | **Short Futures** | **Short Futures** |
| 324 | 3-Year Australian Bond Futures | 03/16/26 | $(23727180) | $(23640246) | $86934 |
| 139 | 10-Year Australian Bond Futures | 03/16/26 | (10601784) | (10565100) | 36684 |
| 1435 | 10-Year U.S. Treasury Note Futures | 03/20/26 | (165629103) | (163814219) | 1814884 |
| 22 | 30-Year Euro-Buxl Futures | 03/06/26 | (2914769) | (2865417) | 49352 |
| 30 | 5-Year Canadian Bond Futures | 03/20/26 | (2515562) | (2500422) | 15140 |
| 271 | Euro Schatz Futures | 03/06/26 | (34317637) | (34341064) | (23427) |
| 18 | Euro-Bobl Futures | 03/06/26 | (2487358) | (2488025) | (667) |
| 133 | Euro-Bund Futures | 03/06/26 | (20244295) | (20206192) | 38103 |
| 39 | Long Gilt Futures | 03/27/26 | (4872337) | (4848270) | 24067 |
| 464 | U.S. Ultra Long Bond Futures | 03/20/26 | (55513258) | (54491000) | 1022258 |
|  |  |  | $**(322823283)** | $**(319759955)** | $**3063328** |

---

---

| | |
|:---|:---|
| **Notes to the Schedule of Investments:** | **Notes to the Schedule of Investments:** |
| ABS | Asset-Backed Securities. |
| ACES | Alternative Credit Enhancement Securities. |
| AUD | Australian Dollar. |
| CAD | Canadian Dollar. |
| CLO | Collateralized Loan Obligation. |
| EUR | Euro Currency. |
| GBP | British Pound Sterling. |
| I/F | Inverse Floating rate security whose interest rate moves in the opposite direction of prevailing interest rates. |
| I/O | Interest Only Security. |
| LIBOR | London Interbank Offered Rate. |
| PAC | Planned Amortization Class. |
| PIK | Payment In Kind. |
| REIT | Real Estate Investment Trust. |
| REMIC | Real Estate Mortgage Investment Conduits. |
| SOFR | Secured Overnight Financing Rate. |
| STRIPS | Separate Trading of Registered Interest and Principal Securities. |
| TBA | To Be Announced. |
| (1) | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold, normally only to qualified institutional buyers. At January 31, 2026, the value of these securities amounted to $1,324,665,829 or 50.8% of net assets. These securities are determined to be liquid by the Fund's investment advisor, unless otherwise noted, under procedures established by and under the general supervision of the Company's Board of Directors. |

---

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

(2) Floating or variable rate security. The interest shown reflects the rate in effect at January 31, 2026.

(3) Investments issued under Regulation S of the Securities Act of 1933, as amended, may not be offered, sold, or delivered within the United States except under special exemptions. At January 31, 2026, the value of these
securities amounted to $82,183,736 or 3.2% of net assets.

(4) Perpetual maturity.

(5) This security is purchased on a when-issued, delayed-delivery or forward commitment basis.

(6) Security is not accruing interest.

(7) Security is currently in default due to bankruptcy or failure to make payment of principal or interest of the issuer. Income is not being accrued.

(8) Restricted security (Note 7).

(9) For fair value measurement disclosure purposes, security is categorized as Level 3. Security is valued using significant unobservable inputs.

(10) Variable rate security. Interest rate disclosed is as of the most recent information available. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and
are based on current market conditions. These securities do not indicate a reference rate and spread in their description above.

(11) This security is a residual or equity position that does not have a stated interest rate. This residual or equity position is entitled to recurring distributions which are generally equal to the remaining cash flow of payments made
by underlying securities less contractual payments to debt holders and fund expenses.

(12) Security purchased on a forward commitment with an approximate principal amount. The actual principal amount and maturity date will be determined upon settlement when the security is delivered.

(13) This position represents an unsettled bank loan at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which will be adjusted on settlement date.

(14) Rate disclosed is the 7-day net yield as of January 31, 2026.

(15) Affiliated issuer.

(16) Non-income producing security.

(17) Unfunded or partially unfunded loan commitments. The Portfolio may enter into certain credit agreements for which all or a portion may be unfunded. The Portfolio is obligated to fund these commitments at the borrower's
discretion.

(18) Fund buys foreign currency, sells USD.

(19) Fund sells foreign currency, buys USD.

------

---

| |
|:---|
| **TCW Flexible Income ETF** |
| SCHEDULE OF INVESTMENTS (Continued) |

---

The summary of the TCW Flexible Income ETF transactions in the affiliated funds for the period ended January 31, 2026 is as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name of Affiliated Fund** | **Value at<br>October 31,<br>2025** | **Purchases at<br>Cost** | **Proceeds from<br>Sales** | **Number of<br>Shares Held<br>January 31,<br>2026** | **Value at<br>January 31,<br>2026** | **Dividends and<br>Interest Income<br>Received** | **Distributions<br>Received from<br>Net Realized<br>Gain** | **Net Realized<br>Gain (Loss) on<br>Investments** | **Net change in<br>Unrealized Gain<br>(Loss) on<br>Investments** |
|  TCW Central Cash Fund | $130360997 | $372300000 | $366900000 | 135760997 | $135760997 | $924724 | $– $|  | $— |
|  TCW Private Asset Income Fund — Share Class I | 43407511 | 16687858 |  | 6003636 | 60096395 | 1138604 | – |  | 1026 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total |  |  |  |  | $195857392 | $2063328 | $– $|  | $1026 |

---

------

---

| | |
|:---|:---|
| **TCW Flexible Income ETF** |  |
| Fair Valuation Summary (Unaudited) | January 31, 2026 |

---

The following is a summary of the fair valuations according to the inputs used as of January 31, 2026 in valuing the Fund's investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Quoted Prices in<br>Active Markets for<br>Identical Assets**<br>**(Level 1)** | **Other Significant<br>Observable Inputs**<br>**(Level 2)** | **Significant<br>Unobservable Inputs**<br>**(Level 3)** | **Total** |
|  Fixed Income Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential Mortgage-Backed Securities — Agency | $— | $614061027 | $— | $614061027 |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds |  | 557098134 |  | 557098134 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Mortgage-Backed Securities — Non-Agency |  | 434755071 |  | 434755071 |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed Securities |  | 417636629 | 7406128 | 425042757 |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential Mortgage-Backed Securities — Non-Agency |  | 320479837 |  | 320479837 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank Loans |  | 219343616 |  | 219343616 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Securities |  | 101957471 |  | 101957471 |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign Government Bonds |  | 42307297 |  | 42307297 |
| &nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds |  | 1899479 |  | 1899479 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Mortgage-Backed Securities — Agency |  | 865102 |  | 865102 |
|  Total Fixed Income Securities |  | 2710403663 | 7406128 | 2717809791 |
| &nbsp;&nbsp;&nbsp;&nbsp; Convertible Corporate Bonds |  | 4174041 |  | 4174041 |
| &nbsp;&nbsp;&nbsp;&nbsp; Money Market Investments | 145655513 |  |  | 145655513 |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Companies |  | 60096395 |  | 60096395 |
| &nbsp;&nbsp;&nbsp;&nbsp; Common Stock | 403735 | 719356 |  | 1123091 |
| &nbsp;&nbsp;&nbsp;&nbsp; Warrants |  |  | 2 | 2 |
|  Net Unrealized Appreciation (Depreciation) on Unfunded Commitments | $— | $(1392) | $— | $(1392) |
|  Total Investments | $146059248 | $2775392063 | $7406130 | $2928857441 |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset Derivatives |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward Currency Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Risk |  | 40346 |  | 40346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Risk | 3087422 |  |  | 3087422 |
|  Total | $149146670 | $2775432409 | $7406130 | $2931985209 |
| &nbsp;&nbsp;&nbsp;&nbsp; Liability Derivatives |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward Currency Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Risk | $— | $(2036986) | $— | $(2036986) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Risk | (2231384) |  |  | (2231384) |
|  Total | $(2231384) | $(2036986) | $— | $(4268370) |

---

------

---

| |
|:---|
| **TCW High Yield Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **FIXED INCOME SECURITIES — 98.1% of Net Assets** |  |  |  |
|  **CORPORATE BONDS — 88.7%** |  |  |  |
|  **Advertising** — **1.0%** |  |  |  |
|  Advantage Sales & Marketing, Inc.<br>6.50%<sup>(1)</sup> | 11/15/28 | $65000 | $55201 |
|  Clear Channel Outdoor Holdings, Inc.<br>7.13%<sup>(1)</sup> | 02/15/31 | 80000 | 83460 |
|  Neptune Bidco U.S., Inc.<br>10.38%<sup>(1)</sup> | 05/15/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105844 |
|  Outfront Media Capital LLC/Outfront Media Capital Corp.<br>4.63%<sup>(1)</sup> | 03/15/30 | 105000 | 102594 |
|  |  |  | 347099 |
|  **Aerospace & Defense** — **2.2%** |  |  |  |
|  ATI, Inc.<br>5.13% | 10/01/31 | 74000 | 74195 |
|  TransDigm, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63% | 01/15/29 | 135000 | 134417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%<sup>(1)</sup> | 03/01/29 | 277000 | 285182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%<sup>(1)</sup> | 05/31/33 | 205000 | 208915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%<sup>(1)</sup> | 12/15/30 | 70000 | 72955 |
|  |  |  | 775664 |
|  **Airlines** — **0.6%** |  |  |  |
|  American Airlines, Inc./AAdvantage Loyalty IP Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%<sup>(1)</sup> | 04/20/26 | 5083 | 5092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%<sup>(1)</sup> | 04/20/29 | 120000 | 121367 |
|  JetBlue Airways Corp./JetBlue Loyalty LP<br>9.88%<sup>(1)</sup> | 09/20/31 | 83000 | 83451 |
|  |  |  | 209910 |
|  **Apparel** — **0.6%** |  |  |  |
|  Crocs, Inc.<br>4.13%<sup>(1)</sup> | 08/15/31 | 229000 | 209883 |
|  **Auto Manufacturers** — **0.4%** |  |  |  |
|  Allison Transmission, Inc.<br>3.75%<sup>(1)</sup> | 01/30/31 | 100000 | 94308 |
|  Aston Martin Capital Holdings Ltd. (Jersey)<br>10.00%<sup>(1)</sup> | 03/31/29 | 35000 | 31321 |
|  |  |  | 125629 |
|  **Auto Parts & Equipment** — **0.6%** |  |  |  |
|  Forvia SE (France)<br>8.00%<sup>(1)</sup> | 06/15/30 | 58000 | 61965 |
|  ZF North America Capital, Inc. (Germany)<br>6.88%<sup>(1)</sup> | 04/23/32 | 140000 | 139934 |
|  |  |  | 201899 |
|  **Banks** — **0.5%** |  |  |  |
|  Citigroup, Inc.<br>6.63% (5 yr. CMT + 3.001%)<sup>(2),(3)</sup> | 02/15/31 | 170000 | 173043 |
|  **Beverages** — **0.3%** |  |  |  |
|  Primo Water Holdings, Inc./Triton Water Holdings, Inc.<br>6.25%<sup>(1)</sup> | 04/01/29 | 100000 | 100196 |
|  **Biotechnology** — **0.5%** |  |  |  |
|  BioMarin Pharmaceutical, Inc.<br>5.50% <sup>(1),(4)</sup> | 02/15/34 | 50000 | 50222 |
|  Genmab AS/Genmab Finance LLC<br>6.25%<sup>(1)</sup> | 12/15/32 | 125000 | 128351 |
|  |  |  | 178573 |
|  **Building Materials** — **0.7%** |  |  |  |
|  JH North America Holdings, Inc.<br>5.88%<sup>(1)</sup> | 01/31/31 | 175000 | 178140 |
|  Standard Building Solutions, Inc.<br>6.50%<sup>(1)</sup> | 08/15/32 | 59000 | 60899 |
|  |  |  | 239039 |
|  **Chemicals** — **0.9%** |  |  |  |
|  SCIH Salt Holdings, Inc.<br>6.63%<sup>(1)</sup> | 05/01/29 | 51000 | 51032 |
|  WR Grace Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%<sup>(1)</sup> | 08/15/29 | 64000 | 61337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%<sup>(1)</sup> | 08/01/33 | 90000 | 90191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%<sup>(1)</sup> | 03/01/31 | 96000 | 98062 |
|  |  |  | 300622 |
|  **Commercial Services** — **5.1%** |  |  |  |
|  ADT Security Corp.<br>5.88%<sup>(1)</sup> | 10/15/33 | 130000 | 131897 |
|  Adtalem Global Education, Inc.<br>5.50%<sup>(1)</sup> | 03/01/28 | 141000 | 140906 |
|  Albion Financing 1 SARL/Aggreko Holdings, Inc. (Luxemburg)<br>7.00%<sup>(1)</sup> | 05/21/30 | 90000 | 93977 |
|  Allied Universal Holdco LLC/Allied Universal Finance Corp.<br>6.88%<sup>(1)</sup> | 06/15/30 | 130000 | 135084 |
|  Brink's Co.<br>6.75%<sup>(1)</sup> | 06/15/32 | 97000 | 101071 |
|  Carriage Services, Inc.<br>4.25%<sup>(1)</sup> | 05/15/29 | 146000 | 140798 |
|  Garda World Security Corp. (Canada)<br>8.38%<sup>(1)</sup> | 11/15/32 | 60000 | 61631 |
|  Grand Canyon University<br>5.13% | 10/01/28 | 150000 | 150354 |
|  Herc Holdings, Inc.<br>7.25%<sup>(1)</sup> | 06/15/33 | 166000 | 175797 |
|  Sabre Financial Borrower LLC<br>11.13%<sup>(1)</sup> | 06/15/29 | 55000 | 55592 |
|  Service Corp. International<br>5.75% | 10/15/32 | 100000 | 101814 |
|  Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc.<br>6.75%<sup>(1)</sup> | 08/15/32 | 95000 | 96978 |
|  Sotheby's<br>7.38%<sup>(1)</sup> | 10/15/27 | 59000 | 58836 |
|  Upbound Group, Inc.<br>6.38%<sup>(1)</sup> | 02/15/29 | 35000 | 34701 |
|  Valvoline, Inc.<br>3.63%<sup>(1)</sup> | 06/15/31 | 160000 | 147399 |
|  Veritiv Operating Co.<br>10.50%<sup>(1)</sup> | 11/30/30 | 36000 | 38606 |
|  VT Topco, Inc.<br>8.50%<sup>(1)</sup> | 08/15/30 | 82000 | 83996 |
|  |  |  | 1749437 |
|  **Computers** — **0.7%** |  |  |  |
|  McAfee Corp.<br>7.38%<sup>(1)</sup> | 02/15/30 | 106000 | 84535 |
|  Science Applications International Corp.<br>5.88%<sup>(1)</sup> | 11/01/33 | 140000 | 141259 |
|  |  |  | 225794 |
|  **Cosmetics/Personal Care** — **1.1%** |  |  |  |
|  Edgewell Personal Care Co.<br>4.13%<sup>(1)</sup> | 04/01/29 | 140000 | 134403 |

---

------

---

| |
|:---|
| **TCW High Yield Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **Cosmetics/Personal Care (Continued)** |  |  |  |
|  Perrigo Finance Unlimited Co.<br>6.13% | 09/30/32 | $142000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139832 |
|  Prestige Brands, Inc.<br>3.75%<sup>(1)</sup> | 04/01/31 | 127000 | 118995 |
|  |  |  | 393230 |
|  **Distribution & Wholesale** — **0.4%** |  |  |  |
|  RB Global Holdings, Inc. (Canada)<br>6.75%<sup>(1)</sup> | 03/15/28 | 137000 | 139678 |
|  **Diversified Financial Services** — **1.2%** |  |  |  |
|  Jane Street Group/JSG Finance, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%<sup>(1)</sup> | 11/01/32 | 285000 | 290472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%<sup>(1)</sup> | 04/30/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109000 | 114642 |
|  |  |  | 405114 |
|  **Electric** — **4.4%** |  |  |  |
|  Alliant Energy Corp.<br>5.75% (5 yr. CMT + 2.077%)<sup>(2)</sup> | 04/01/56 | 262000 | 260373 |
|  Alpha Generation LLC<br>6.25%<sup>(1)</sup> | 01/15/34 | 65000 | 65502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%<sup>(1)</sup> | 10/15/32 | 105000 | 108982 |
|  American Electric Power Co., Inc.<br>6.05% (5 yr. CMT + 1.940%)<sup>(2)</sup> | 03/15/56 | 260000 | 258362 |
|  CenterPoint Energy, Inc.<br>5.95% (5 yr. CMT + 2.223%)<sup>(2)</sup> | 04/01/56 | 260000 | 262104 |
|  Dominion Energy, Inc.<br>6.20% (5 yr. CMT + 2.006%)<sup>(2)</sup> | 02/15/56 | 140000 | 140616 |
|  Entergy Corp.<br>5.88% (5 yr. CMT + 2.179%)<sup>(2)</sup> | 06/15/56 | 60000 | 60023 |
|  Vistra Operations Co. LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%<sup>(1)</sup> | 04/15/32 | 137000 | 144147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%<sup>(1)</sup> | 10/15/31 | 70000 | 74117 |
|  WEC Energy Group, Inc.<br>5.63% (5 yr. CMT + 1.905%)<sup>(2)</sup> | 05/15/56 | 140000 | 140771 |
|  |  |  | 1514997 |
|  **Electrical Components & Equipment** — **0.5%** |  |  |  |
|  Energizer Holdings, Inc.<br>6.00%<sup>(1)</sup> | 09/15/33 | 177000 | 170138 |
|  **Electronics — 0.6%** |  |  |  |
|  Coherent Corp.<br>5.00%<sup>(1)</sup> | 12/15/29 | 65000 | 64812 |
|  Sensata Technologies, Inc.<br>6.63%<sup>(1)</sup> | 07/15/32 | 136000 | 142213 |
|  |  |  | 207025 |
|  **Engineering & Construction** — **0.1%** |  |  |  |
|  Brand Industrial Services, Inc.<br>10.38%<sup>(1)</sup> | 08/01/30 | 37000 | 35590 |
|  **Entertainment** — **4.1%** |  |  |  |
|  Banijay Entertainment SAS (France)<br>8.13%<sup>(1)</sup> | 05/01/29 | 110000 | 114350 |
|  Brightstar Lottery PLC/ Brightstar Global Solutions Corp. (United Kingdom)<br>5.75%<sup>(1)</sup> | 01/15/33 | 55000 | 54686 |
|  Caesars Entertainment, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%<sup>(1)</sup> | 02/15/32 | 45000 | 46074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00% <sup>(1)</sup> | 02/15/30 | 97000 | 100280 |
|  Churchill Downs, Inc.<br>6.75%<sup>(1)</sup> | 05/01/31 | 33000 | 34056 |
|  Great Canadian Gaming Corp./Raptor LLC (Canada)<br>8.75%<sup>(1)</sup> | 11/15/29 | 90000 | 91535 |
|  Light & Wonder International, Inc.<br>6.25%<sup>(1)</sup> | 10/01/33 | 205000 | 208040 |
|  Ontario Gaming GTA LP/OTG Co-Issuer, Inc. (Canada)<br>8.00%<sup>(1)</sup> | 08/01/30 | 118000 | 113436 |
|  Rivers Enterprise Borrower LLC/Rivers Enterprise Finance Corp.<br>6.63%<sup>(1)</sup> | 02/01/33 | 98000 | 99830 |
|  Voyager Parent LLC<br>9.25%<sup>(1)</sup> | 07/01/32 | 125000 | 132989 |
|  WarnerMedia Holdings, Inc.<br>5.05% | 03/15/42 | 405000 | 286776 |
|  Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.<br>6.25%<sup>(1)</sup> | 03/15/33 | 141000 | 143757 |
|  |  |  | 1425809 |
|  **Environmental Control** — **1.6%** |  |  |  |
|  GFL Environmental, Inc.<br>4.00%<sup>(1)</sup> | 08/01/28 | 260000 | 255965 |
|  Luna 1.5 SARL (Luxemburg)<br>12.00%<sup>(1)</sup> | 07/01/32 | 50000 | 52790 |
|  Madison IAQ LLC<br>5.88%<sup>(1)</sup> | 06/30/29 | 103000 | 102940 |
|  Waste Pro USA, Inc.<br>7.00%<sup>(1)</sup> | 02/01/33 | 125000 | 129104 |
|  |  |  | 540799 |
|  **Food** — **1.3%** |  |  |  |
|  Post Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%<sup>(1)</sup> | 09/15/31 | 61000 | 57807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%<sup>(1)</sup> | 03/01/33 | 201000 | 202787 |
|  Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed<br>4.63%<sup>(1)</sup> | 03/01/29 | 108000 | 104285 |
|  TreeHouse Foods, Inc.<br>4.00% | 09/01/28 | 67000 | 66905 |
|  |  |  | 431784 |
|  **Gas** — **1.3%** |  |  |  |
|  AmeriGas Partners LP/AmeriGas Finance Corp.<br>9.38%<sup>(1)</sup> | 06/01/28 | 117000 | 121056 |
|  NiSource, Inc.<br>5.75% (5 yr. CMT + 2.035%)<sup>(2)</sup> | 07/15/56 | 185000 | 186262 |
|  Northwest Natural Holding Co.<br>7.00% (5 yr. CMT + 2.701%)<sup>(2)</sup> | 09/15/55 | 145000 | 151867 |
|  |  |  | 459185 |
|  **Hand/Machine Tools** — **0.3%** |  |  |  |
|  IMA Industria Macchine Automatiche SpA (Italy)<br>5.77% (3 mo. EUR EURIBOR + 3.750%)<sup>(1),(2)</sup> | 04/15/29 | EUR 100,000 | 119079 |
|  **Health Care-Products** — **0.6%** |  |  |  |
|  Bausch & Lomb Corp.<br>8.38%<sup>(1)</sup> | 10/01/28 | 83000 | 86670 |
|  Medline Borrower LP<br>5.25%<sup>(1)</sup> | 10/01/29 | &nbsp;&nbsp;&nbsp;&nbsp;104000 | 104216 |
|  |  |  | 190886 |

---

------

---

| |
|:---|
| **TCW High Yield Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |  |  |  |
|  **Health Care-Services** — **4.6%** | **Health Care-Services** — **4.6%** |  |  |  |  |  |
|  CHS/Community Health Systems, Inc.<br>5.25%<sup>(1)</sup> | 05/15/30 | $&nbsp;&nbsp;&nbsp;&nbsp;209000 | $&nbsp;&nbsp;&nbsp;&nbsp;197152 |  |  |  |
|  CHS/Community Health Systems, Inc.<br>5.25%<sup>(1)</sup> | 05/15/30 | $&nbsp;&nbsp;&nbsp;&nbsp;209000 | $&nbsp;&nbsp;&nbsp;&nbsp;197152 DaVita, Inc.<br>6.88%<sup>(1)</sup> | 09/01/32 | 98000 | 100894 |
|  HealthEquity, Inc.<br>4.50%<sup>(1)</sup> | 10/01/29 | 62000 | 60496 |  |  |  |
|  Heartland Dental LLC/Heartland Dental Finance Corp.<br>10.50%<sup>(1)</sup> | 04/30/28 | 16000 | 16687 |  |  |  |
|  Kedrion SpA (Italy)<br>6.50%<sup>(1)</sup> | 09/01/29 | 205000 | 202708 |  |  |  |
|  ModivCare, Inc.<br>0.00%<sup>(1),(5),(6)</sup> | 10/01/29 | 210000 | 3150 |  |  |  |
|  Molina Healthcare, Inc.<br>6.25%<sup>(1)</sup> | 01/15/33 | 176000 | 177406 |  |  |  |
|  Option Care Health, Inc.<br>4.38%<sup>(1)</sup> | 10/31/29 | 107000 | 104848 |  |  |  |
|  Star Parent, Inc.<br>9.00%<sup>(1)</sup> | 10/01/30 | 155000 | 164461 |  |  |  |
|  Surgery Center Holdings, Inc.<br>7.25%<sup>(1)</sup> | 04/15/32 | 138000 | 139179 |  |  |  |
|  Tenet Healthcare Corp. |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%<sup>(1)</sup> | 11/15/32 | 100000 | 101107 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75% | 05/15/31 | 200000 | 207968 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88% | 11/15/31 | 96000 | 105207 |  |  |  |
|  |  |  | 1581263 |  |  |  |
|  **Home Builders** — **0.5%** |  |  |  |  |  |  |
|  Installed Building Products, Inc.<br>5.63%<sup>(1)</sup> | 02/01/34 | 175000 | 176351 |  |  |  |
|  **Home Furnishings** — **0.3%** |  |  |  |  |  |  |
|  Tempur Sealy International, Inc.<br>3.88%<sup>(1)</sup> | 10/15/31 | 115000 | 107415 |  |  |  |
|  **Household Products/Wares** — **0.5%** |  |  |  |  |  |  |
|  Spectrum Brands, Inc.<br>3.88%<sup>(1)</sup> | 03/15/31 | 193000 | 156903 |  |  |  |
|  **Housewares** — **0.9%** |  |  |  |  |  |  |
|  Central Garden & Pet Co. |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13% | 10/15/30 | 65000 | 62467 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%<sup>(1)</sup> | 04/30/31 | 90000 | 85078 |  |  |  |
|  Newell Brands, Inc. |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63% | 05/15/32 | 125000 | 122619 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50% | 04/01/46 | 45000 | 38036 |  |  |  |
|  |  |  | 308200 |  |  |  |
|  **Insurance** — **4.5%** |  |  |  |  |  |  |
|  Acrisure LLC/Acrisure Finance, Inc. |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%<sup>(1)</sup> | 02/15/29 | 40000 | 38765 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%<sup>(1)</sup> | 11/06/30 | 95000 | 98445 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%<sup>(1)</sup> | 02/01/29 | 97000 | 100707 |  |  |  |
|  Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%<sup>(1)</sup> | 01/15/31 | 139000 | 144218 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%<sup>(1)</sup> | 10/01/32 | 100000 | 103672 |  |  |  |
|  AmWINS Group, Inc. |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%<sup>(1)</sup> | 02/15/29 | 60000 | 61600 |  |  |  |
|  Ardonagh Finco Ltd. (United Kingdom) |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%<sup>(1),(4)</sup> | 02/15/31 | 125000 | 129288 |  |  |  |
|  Ardonagh Group Finance Ltd. (United Kingdom) |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.88%<sup>(1)</sup> | 02/15/32 | 60000 | 61916 |  |  |  |
|  Asurion LLC & Asurion Co-Issuer, Inc. |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%<sup>(1)</sup> | 12/31/32 | 270000 | 282423 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%<sup>(1)</sup> | 02/01/34 | 90000 | 91055 |  |  |  |
|  Farmers Exchange Capital II <br>6.15% (3 mo. USD Term SOFR +4.006%)<sup>(1),(2)</sup> | 11/01/53 | 160000 | 157320 |  |  |  |
|  HUB International Ltd. |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%<sup>(1)</sup> | 06/15/30 | 115000 | 120191 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%<sup>(1)</sup> | 01/31/32 | 86000 | 90158 |  |  |  |
|  Panther Escrow Issuer LLC |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%<sup>(1)</sup> | 06/01/31 | 70000 | 72153 |  |  |  |
|  |  |  | 1551911 |  |  |  |
|  **Internet** — **2.5%** |  |  |  |  |  |  |
|  Arches Buyer, Inc.<br>6.13%<sup>(1)</sup> | 12/01/28 | 128000 | 125491 |  |  |  |
|  Cogent Communications Group LLC/Cogent Finance, Inc.<br>6.50%<sup>(1)</sup> | 07/01/32 | 45000 | 41434 |  |  |  |
|  Getty Images, Inc. |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.50%<sup>(1)</sup> | 11/15/30 | 95000 | 96261 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.25%<sup>(1)</sup> | 02/21/30 | 32500 | 29114 |  |  |  |
|  ION Platform Finance U.S., Inc./ION Platform Finance SARL<br>8.75%<sup>(1)</sup> | 05/01/29 | 140000 | 133602 |  |  |  |
|  Match Group Holdings II LLC<br>5.63%<sup>(1)</sup> | 02/15/29 | 143000 | 143140 |  |  |  |
|  Snap, Inc.<br>6.88%<sup>(1)</sup> | 03/01/33 | 171000 | 175576 |  |  |  |
|  ZipRecruiter, Inc.<br>5.00%<sup>(1)</sup> | 01/15/30 | 152000 | 105629 |  |  |  |
|  |  |  | 850247 |  |  |  |
|  **Investment Companies** — **0.9%** |  |  |  |  |  |  |
|  Icahn Enterprises LP/Icahn Enterprises Finance Corp. |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00% | 06/15/30 | 45000 | 43935 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.75% | 01/15/29 | 140000 | 140957 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.00%<sup>(1)</sup> | 11/15/29 | 109000 | 110025 |  |  |  |
|  |  |  | 294917 |  |  |  |
|  **Iron & Steel** — **0.2%** |  |  |  |  |  |  |
|  Cleveland-Cliffs, Inc.<br>7.38%<sup>(1)</sup> | 05/01/33 | 80000 | 83531 |  |  |  |
|  **Leisure Time** — **0.3%** |  |  |  |  |  |  |
|  Sabre GLBL, Inc. |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.75%<sup>(1)</sup> | 11/15/29 | 55000 | 44892 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.75%<sup>(1)</sup> | 03/15/30 | 70000 | 56239 |  |  |  |
|  |  |  | 101131 |  |  |  |
|  **Lodging** — **1.4%** |  |  |  |  |  |  |
|  MGM Resorts International<br>6.50% | 04/15/32 | 176000 | 180268 |  |  |  |
|  Studio City Finance Ltd.<br>5.00%<sup>(1)</sup> | 01/15/29 | 110000 | 106642 |  |  |  |
|  Wyndham Hotels & Resorts, Inc.<br>4.38%<sup>(1)</sup> | 08/15/28 | 150000 | 148415 |  |  |  |
|  Wynn Macau Ltd.<br>5.13%<sup>(1)</sup> | 12/15/29 | 64000 | 63695 |  |  |  |
|  |  |  | 499020 |  |  |  |
|  **Machinery-Diversified** — **1.0%** |  |  |  |  |  |  |
|  Columbus McKinnon Corp/NY<br>7.13%<sup>(1)</sup> | 02/01/33 | 120000 | 120700 |  |  |  |
|  Lsf12 Helix Parent LLC<br>7.13%<sup>(1),(4)</sup> | 02/01/33 | 120000 | 120651 |  |  |  |
|  Oregon Tool Lux LP<br>7.88%<sup>(1)</sup> | 10/15/29 | 10548 | 2407 |  |  |  |

---

------

---

| |
|:---|
| **TCW High Yield Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **Machinery-Diversified (Continued)** |  |  |  |
|  SPX FLOW, Inc.<br>8.75%<sup>(1)</sup> | 04/01/30 | $97000 | $99735 |
|  |  |  | 343493 |
|  **Media** — **8.7%** |  |  |  |
|  AMC Networks, Inc.<br>10.25%<sup>(1)</sup> | 01/15/29 | 103000 | 107520 |
|  CCO Holdings LLC / CCO Holdings Capital Corp.<br>7.38%<sup>(1)</sup> | 02/01/36 | 100000 | 100316 |
|  CCO Holdings LLC/CCO Holdings Capital Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%<sup>(1)</sup> | 06/01/33 | 425000 | 372143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%<sup>(1)</sup> | 06/01/29 | 449000 | 444160 |
|  CSC Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%<sup>(1)</sup> | 01/15/30 | 158000 | 62092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%<sup>(1)</sup> | 02/01/29 | 725000 | 466197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.75%<sup>(1)</sup> | 01/31/29 | 14000 | 10241 |
|  DirectTV Financing LLC/DirectTV Financing Co-Obligor, Inc.<br>10.00%<sup>(1)</sup> | 02/15/31 | 107000 | 110288 |
|  DISH DBS Corp.<br>5.13% | 06/01/29 | 175000 | 155064 |
|  DISH Network Corp.<br>11.75%<sup>(1)</sup> | 11/15/27 | 105000 | 108681 |
|  Gray Media, Inc.<br>10.50%<sup>(1)</sup> | 07/15/29 | 51000 | 54831 |
|  Midcontinent Communications<br>8.00%<sup>(1)</sup> | 08/15/32 | 38000 | 36604 |
|  Scripps Escrow II, Inc.<br>3.88%<sup>(1)</sup> | 01/15/29 | 57000 | 52739 |
|  Sinclair Television Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%<sup>(1)</sup> | 12/31/32 | 50000 | 38574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%<sup>(1)</sup> | 02/15/33 | 90000 | 93147 |
|  Sirius XM Radio LLC<br>5.50%<sup>(1)</sup> | 07/01/29 | 189000 | 190026 |
|  Univision Communications, Inc.<br>8.50%<sup>(1)</sup> | 07/31/31 | 139000 | 145179 |
|  Virgin Media O2 Vendor Financing Notes VI DAC (Ireland)<br>8.50%<sup>(1)</sup> | 03/15/33 | 50000 | 49650 |
|  Virgin Media Secured Finance PLC (United Kingdom)<br>5.50%<sup>(1)</sup> | 05/15/29 | 147000 | 145189 |
|  VZ Secured Financing BV (Netherlands)<br>5.00%<sup>(1)</sup> | 01/15/32 | 200000 | 180890 |
|  Ziggo Bonds Co. BV (Netherlands)<br>5.13%<sup>(1)</sup> | 02/28/30 | 74000 | 65627 |
|  |  |  | 2989158 |
|  **Mining** — **0.3%** |  |  |  |
|  Compass Minerals International, Inc.<br>8.00%<sup>(1)</sup> | 07/01/30 | 100000 | 106120 |
|  **Oil & Gas** — **2.7%** |  |  |  |
|  Hilcorp Energy I LP/Hilcorp Finance Co.<br>6.88%<sup>(1)</sup> | 05/15/34 | 84000 | 80974 |
|  Matador Resources Co.<br>6.25%<sup>(1)</sup> | 04/15/33 | 102000 | 103014 |
|  SM Energy Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%<sup>(1)</sup> | 08/01/29 | 139000 | 140660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%<sup>(1)</sup> | 08/01/32 | 78000 | 78246 |
|  Sunoco LP |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%<sup>(1)</sup> | 03/15/34 | 93000 | 93397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88% (5 yr. CMT + 4.230%)<sup>(1),(2),(3)</sup> | 09/18/30 | 260000 | 268403 |
|  Transocean Titan Financing Ltd.<br>8.38%<sup>(1)</sup> | 02/01/28 | 170000 | 173735 |
|  |  |  | 938429 |
|  **Oil & Gas Services** — **1.5%** |  |  |  |
|  Archrock Partners LP/Archrock Partners Finance Corp.<br>6.63%<sup>(1)</sup> | 09/01/32 | 80000 | 82975 |
|  Archrock Services LP / Archrock Partners Finance Corp.<br>6.00%<sup>(1)</sup> | 02/01/34 | 120000 | 119965 |
|  Kodiak Gas Services LLC<br>6.75%<sup>(1)</sup> | 10/01/35 | 70000 | 72351 |
|  USA Compression Partners LP/USA Compression Finance Corp.<br>6.25%<sup>(1)</sup> | 10/01/33 | 100000 | 101313 |
|  WBI Operating LLC<br>6.50%<sup>(1)</sup> | 10/15/33 | 140000 | 141401 |
|  |  |  | 518005 |
|  **Packaging & Containers** — **2.3%** |  |  |  |
|  Ardagh Group SA<br>9.50%<sup>(1)</sup> | 12/01/30 | 168000 | 181779 |
|  Ardagh Group SA<br>(5.50% Cash or 6.50% PIK) due 5/30/26 12.00%<sup>(1)</sup> | 12/01/30 | 80000 | 75645 |
|  Clearwater Paper Corp.<br>4.75%<sup>(1)</sup> | 08/15/28 | 138000 | 131183 |
|  Graphic Packaging International LLC<br>6.38%<sup>(1)</sup> | 07/15/32 | 195000 | 197309 |
|  Sealed Air Corp.<br>6.50%<sup>(1)</sup> | 07/15/32 | 73000 | 75910 |
|  Sealed Air Corp./Sealed Air Corp. U.S.<br>7.25%<sup>(1)</sup> | 02/15/31 | 120000 | 125201 |
|  |  |  | 787027 |
|  **Pharmaceuticals** — **2.7%** |  |  |  |
|  1261229 BC Ltd.<br>10.00%<sup>(1)</sup> | 04/15/32 | 330000 | 339032 |
|  Amneal Pharmaceuticals LLC<br>6.88%<sup>(1)</sup> | 08/01/32 | 31000 | 32680 |
|  CVS Health Corp.<br>6.75% (5 yr. CMT + 2.516%)<sup>(2)</sup> | 12/10/54 | 145000 | 150835 |
|  Grifols SA (Spain)<br>7.50%<sup>(7)</sup> | 05/01/30 | EUR<br>135,000 | 167615 |
|  Paradigm Parent LLC & Paradigm Parent Co-Issuer, Inc.<br>8.75%<sup>(1)</sup> | 04/17/32 | 65000 | 58254 |
|  Teva Pharmaceutical Finance Netherlands III BV (Israel)<br>6.00% | 12/01/32 | 174000 | 182474 |
|  |  |  | 930890 |
|  **Pipelines** — **5.6%** |  |  |  |
|  Antero Midstream Partners LP/Antero Midstream Finance Corp.<br>5.75%<sup>(1)</sup> | 07/01/34 | 55000 | 55581 |
|  Buckeye Partners LP<br>6.75% | 08/15/33 | 97000 | 101011 |
|  CQP Holdco LP/BIP-V Chinook Holdco LLC<br>5.50%<sup>(1)</sup> | 06/15/31 | 110000 | 109462 |
|  Energy Transfer LP<br>6.63% (3 mo. USD LIBOR + 4.155%)<sup>(2),(3)</sup> | 02/15/28 | 240000 | 242986 |
|  Global Partners LP/GLP Finance Corp.<br>7.13%<sup>(1)</sup> | 07/01/33 | 120000 | 123046 |
|  ITT Holdings LLC<br>6.50%<sup>(1)</sup> | 08/01/29 | 155000 | 149527 |
|  NGL Energy Operating LLC/NGL Energy Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%<sup>(1)</sup> | 02/15/29 | 65000 | 67502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%<sup>(1)</sup> | 02/15/32 | 61000 | 63865 |
|  Rockies Express Pipeline LLC<br>4.95%<sup>(1)</sup> | 07/15/29 | 63000 | 62895 |

---

------

---

| |
|:---|
| **TCW High Yield Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Principal<br>Amount** | **Value** | **Value** |
|  **Pipelines (Continued)** |  |  |  |  |  |
|  Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.<br>6.00%<sup>(1)</sup> | 09/01/31 | $| 106000 | $| &nbsp;&nbsp;&nbsp;&nbsp;106824 |
|  TransMontaigne Partners LLC<br>8.50%<sup>(1)</sup> | 06/15/30 |  | 50000 |  | 51916 |
|  Venture Global LNG, Inc. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00% (5 yr. CMT + 5.440%)<sup>(1),(2),(3)</sup> | 09/30/29 |  | 150000 |  | 132214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.88%<sup>(1)</sup> | 02/01/32 |  | 290000 |  | 307124 |
|  Venture Global Plaquemines LNG LLC |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%<sup>(1)</sup> | 12/15/30 |  | 76000 |  | 78301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%<sup>(1)</sup> | 06/15/34 |  | 19000 |  | 19700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%<sup>(1)</sup> | 01/15/36 |  | 143000 |  | 150020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%<sup>(1)</sup> | 05/01/35 |  | 90000 |  | 100455 |
|  |  |  |  |  | 1922429 |
|  **Real Estate** — **0.4%** |  |  |  |  |  |
|  Cushman & Wakefield U.S. Borrower LLC<br>8.88%<sup>(1)</sup> | 09/01/31 |  | 129000 |  | 137529 |
|  **REIT** — **2.0%** |  |  |  |  |  |
|  Hudson Pacific Properties LP |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95% | 11/01/27 |  | 105000 |  | 100879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95% | 02/15/28 |  | 120000 |  | 118353 |
|  Iron Mountain, Inc.<br>6.25%<sup>(1)</sup> | 01/15/33 |  | 205000 |  | 207462 |
|  RHP Hotel Properties LP/RHP Finance Corp. |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%<sup>(1)</sup> | 04/01/32 |  | 130000 |  | 134653 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%<sup>(1)</sup> | 06/15/33 |  | 113000 |  | 117277 |
|  |  |  |  |  | 678624 |
|  **Retail — 6.9%** |  |  |  |  |  |
|  1011778 BC ULC/New Red Finance, Inc. (Canada)<br>4.00%<sup>(1)</sup> | 10/15/30 |  | 111000 |  | 106012 |
|  Asbury Automotive Group, Inc.<br>5.00%<sup>(1)</sup> | 02/15/32 |  | 109000 |  | 105961 |
|  BCPE Flavor Debt Merger Sub LLC & BCPE Flavor Issuer, Inc.<br>9.50%<sup>(1)</sup> | 07/01/32 |  | 150000 |  | 143152 |
|  Brinker International, Inc.<br>8.25%<sup>(1)</sup> | 07/15/30 |  | 93000 |  | 98202 |
|  EG Global Finance PLC (United Kingdom)<br>12.00%<sup>(1)</sup> | 11/30/28 |  | 35000 |  | 37898 |
|  Ferrellgas LP/Ferrellgas Finance Corp.<br>5.88%<sup>(1)</sup> | 04/01/29 |  | 98000 |  | 94320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%<sup>(1)</sup> | 01/15/31 |  | 35000 |  | 36178 |
|  FirstCash, Inc.<br>6.88%<sup>(1)</sup> | 03/01/32 |  | 236000 |  | 245464 |
|  Group 1 Automotive, Inc.<br>6.38%<sup>(1)</sup> | 01/15/30 |  | 98000 |  | 100760 |
|  LCM Investments Holdings II LLC<br>8.25%<sup>(1)</sup> | 08/01/31 |  | 133000 |  | 140213 |
|  Lithia Motors, Inc.<br>5.50%<sup>(1)</sup> | 10/01/30 |  | 60000 |  | 60465 |
|  Macy's Retail Holdings LLC<br>7.38%<sup>(1)</sup> | 08/01/33 |  | 82000 |  | 86715 |
|  Men's Wearhouse LLC<br>9.00%<sup>(1)</sup> | 02/01/31 |  | 50000 |  | 52025 |
|  Michaels Cos., Inc.<br>5.25%<sup>(1)</sup> | 05/01/28 |  | 154000 |  | 152555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%<sup>(1)</sup> | 05/01/29 |  | 95000 |  | 92705 |
|  Murphy Oil USA, Inc.<br>3.75%<sup>(1)</sup> | 02/15/31 |  | 100000 |  | 93950 |
|  Papa John's International, Inc.<br>3.88%<sup>(1)</sup> | 09/15/29 |  | 223000 |  | 213389 |
|  QXO Building Products, Inc.<br>6.75%<sup>(1)</sup> | 04/30/32 |  | 115000 |  | 118706 |
|  Sally Holdings LLC/Sally Capital, Inc.<br>6.75% | 03/01/32 |  | 98000 |  | 101959 |
|  Staples, Inc.<br>10.75%<sup>(1)</sup> | 09/01/29 |  | 101000 |  | 99329 |
|  Suburban Propane Partners LP/Suburban Energy Finance Corp.<br>6.50%<sup>(1)</sup> | 12/15/35 |  | 180000 |  | 179217 |
|  |  |  |  |  | 2359175 |
|  **Software** — **2.1%** |  |  |  |  |  |
|  Cloud Software Group, Inc.<br>8.25%<sup>(1)</sup> | 06/30/32 |  | 315000 |  | 320790 |
|  Open Text Corp. (Canada)<br>3.88%<sup>(1)</sup> | 12/01/29 |  | 90000 |  | 83747 |
|  RingCentral, Inc.<br>8.50%<sup>(1)</sup> | 08/15/30 |  | 31000 |  | 32571 |
|  UKG, Inc.<br>6.88%<sup>(1)</sup> | 02/01/31 |  | 145000 |  | 145070 |
|  ZoomInfo Technologies LLC/ZoomInfo Finance Corp.<br>3.88%<sup>(1)</sup> | 02/01/29 |  | 165000 |  | 150899 |
|  |  |  |  |  | 733077 |
|  **Telecommunications** — **4.3%** |  |  |  |  |  |
|  Altice Financing SA (Luxembourg)<br>9.63%<sup>(1)</sup> | 07/15/27 |  | 262000 |  | 203081 |
|  Altice France SA<br>6.50%<sup>(1)</sup> | 04/15/32 |  | 106367 |  | 104023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%<sup>(1)</sup> | 07/15/32 |  | 40000 |  | 39080 |
|  EchoStar Corp.<br>10.75% | 11/30/29 |  | 220000 |  | 241333 |
|  Frontier Communications Holdings LLC<br>8.63%<sup>(1)</sup> | 03/15/31 |  | 220000 |  | 230289 |
|  Global Switch Finance BV (United Kingdom)<br>1.38%<sup>(7)</sup> | 10/07/30 |  | EUR 115,000 |  | 128596 |
|  Level 3 Financing, Inc.<br>6.88%<sup>(1)</sup> | 06/30/33 |  | 210000 |  | 216632 |
|  Vmed O2 U.K. Financing I PLC (United Kingdom)<br>4.75%<sup>(1)</sup> | 07/15/31 |  | 106000 |  | 97066 |
|  Windstream Services LLC/Windstream Escrow Finance Corp.<br>8.25%<sup>(1)</sup> | 10/01/31 |  | 146000 |  | 153283 |
|  Zayo Group Holdings, Inc. (5.75% Cash or 0.50% PIK) due 3/29/27<br>9.25%<sup>(1)</sup> | 03/09/30 |  | 71815 |  | 70165 |
|  |  |  |  |  | 1483548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Corporate Bonds** (Cost: $30,238,588) |  |  |  |  | 30508495 |
|  **BANK LOANS** — **9.4%** | **BANK LOANS** — **9.4%** | **BANK LOANS** — **9.4%** | **BANK LOANS** — **9.4%** | **BANK LOANS** — **9.4%** | **BANK LOANS** — **9.4%** |
|  **Auto Parts & Equipment** — **0.0%** | **Auto Parts & Equipment** — **0.0%** | **Auto Parts & Equipment** — **0.0%** | **Auto Parts & Equipment** — **0.0%** | **Auto Parts & Equipment** — **0.0%** | **Auto Parts & Equipment** — **0.0%** |
|  First Brands Group LLC 2021 Term Loan<br>9.57% (3 mo. USD Term SOFR + 5.000%) | 03/30/27 |  | 94061 |  | 526 |
|  First Brands Group LLC 2025 PIK DIP Roll-Up Term Loan B<br>10.69% (1 mo. USD Term SOFR + 7.000%)<sup>(2)</sup> | 06/29/26 |  | 107888 |  | 850 |
|  |  |  |  |  | 1376 |
|  **Beverages** — **1.0%** | **Beverages** — **1.0%** | **Beverages** — **1.0%** | **Beverages** — **1.0%** | **Beverages** — **1.0%** | **Beverages** — **1.0%** |
|  Naked Juice LLC 2025 FLFO Term Loan<br>9.17% (3 mo. USD Term SOFR + 5.500%)<sup>(2)</sup> | 01/24/29 |  | 250000 |  | 249255 |

---

------

---

| |
|:---|
| **TCW High Yield Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **Beverages (Continued)** |  |  |  |
|  Pegasus BidCo BV 2025 USD Repriced Term Loan B<br>6.60% (3 mo. USD Term SOFR + 2.750%)<sup>(2)</sup> | 07/12/29 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82331 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82640 |
|  |  |  | 331895 |
|  **Biotechnology** — **0.2%** |  |  |  |
|  BioMarin Pharmaceutical, Inc. Term Loan B<br>0.00%<sup>(8)</sup> | 01/28/33 | 55000 | 55138 |
|  **Commercial Services** — **0.1%** |  |  |  |
|  Kelso Industries LLC Term Loan<br>9.57% (3 mo. USD Term SOFR + 5.750%)<sup>(2)</sup> | 12/30/29 | 47850 | 48089 |
|  **Computers** — **0.3%** |  |  |  |
|  X Corp. 2025 Fixed Term Loan<br>9.50% | 10/26/29 | 100000 | 103675 |
|  **Electric** — **0.2%** |  |  |  |
|  South Field LLC 2025 1st Lien Term Loan B<br>6.67% (3 mo. USD Term SOFR + 3.000%)<sup>(2)</sup> | 08/29/31 | 59217 | 59636 |
|  South Field LLC 2025 1st Lien Term Loan C<br>6.67% (3 mo. USD Term SOFR + 3.000%)<sup>(2)</sup> | 08/29/31 | 3579 | 3604 |
|  |  |  | 63240 |
|  **Electrical Components & Equipment** — **0.2%** |  |  |  |
|  Pelican Products, Inc. 2021 Term Loan<br>8.18% (3 mo. USD Term SOFR + 4.250%)<sup>(2)</sup> | 12/29/28 | 59535 | 55914 |
|  **Electronics** — **0.2%** |  |  |  |
|  TCP Sunbelt Acquisition Co. 2024 Term Loan B<br>8.07% (3 mo. USD Term SOFR + 4.250%)<sup>(2)</sup> | 10/24/31 | 64350 | 64632 |
|  **Engineering & Construction** — **0.2%** |  |  |  |
|  Astrion Group LLC 2024 Term Loan<br>8.67% (3 mo. USD Term SOFR + 5.000%)<sup>(2)</sup> | 08/29/31 | 95189 | 73771 |
|  **Environmental Control** — **0.3%** |  |  |  |
|  Action Environmental Group, Inc. 2023 Term Loan B<br>6.92% (3 mo. USD Term SOFR + 3.250%)<sup>(2)</sup> | 10/24/30 | 92265 | 92323 |
|  **Food** — **0.6%** |  |  |  |
|  C&S Wholesale Grocers, Inc. Term Loan B<br>8.67% (3 mo. USD Term SOFR + 5.000%)<sup>(2)</sup> | 09/20/30 | 99750 | 98877 |
|  United Natural Foods, Inc. 2024 Term Loan<br>8.42% (1 mo. USD Term SOFR + 4.750%)<sup>(2)</sup> | 05/01/31 | 115579 | 116470 |
|  |  |  | 215347 |
|  **Health Care-Products** — **0.3%** |  |  |  |
|  QuidelOrtho Corp. Term Loan<br>7.67% (1 mo. USD Term SOFR + 4.000%)<sup>(2)</sup> | 08/20/32 | 99750 | 99388 |
|  **Health Care-Services** — **1.0%** |  |  |  |
|  ADMI Corp. 2023 Term Loan B5<br>9.42% (1 mo. USD Term SOFR + 5.750%)<sup>(2)</sup> | 12/23/27 | 64020 | 62420 |
|  Heartland Dental LLC 2025 Term Loan<br>7.42% (1 mo. USD Term SOFR + 3.750%)<sup>(2)</sup> | 08/25/32 | 74625 | 74734 |
|  Modivcare Buyer LLC Super Senior Term Loan<br>10.00% (3 mo. USD Term SOFR + 3.250%)<sup>(2)</sup> | 12/29/30 | 45000 | 45150 |
|  ModivCare Buyer LLC Takeback Term Loan<br>8.69% (3 mo. USD Term SOFR + 5.000%)<sup>(2)</sup> | 12/30/32 | 112333 | 105607 |
|  Pluto Acquisition I, Inc. 2024 First Out Superpriority Term Loan<br>9.19% (3 mo. USD Term SOFR + 5.500%)<sup>(2)</sup> | 06/20/28 | 70000 | 70700 |
|  |  |  | 358611 |
|  **Internet** — **1.4%** |  |  |  |
|  Barracuda Networks, Inc. 2022 Term Loan<br>8.17% (3 mo. USD Term SOFR + 4.500%)<sup>(2)</sup> | 08/15/29 | 34376 | 26781 |
|  Delivery Hero SE 2024 USD Term Loan B<br>8.84% (3 mo. USD Term SOFR + 5.000%)<sup>(2)</sup> | 12/12/29 | 124805 | 125117 |
|  Magnite, Inc. 2025 Repriced Term Loan B<br>6.67% (1 mo. USD Term SOFR + 3.000%)<sup>(2)</sup> | 02/06/31 | 188617 | 187832 |
|  MH Sub I LLC 2023 Term Loan<br>7.92% (1 mo. USD Term SOFR + 4.250%)<sup>(2)</sup> | 05/03/28 | 52013 | 47369 |
|  Newfold Digital Holdings Group, Inc. 2025 Tranche A Term Loan<br>7.27% (1 mo. USD Term SOFR + 3.600%) | 04/30/29 | 28366 | 23136 |
|  Newfold Digital Holdings Group, Inc. 2025 Tranche B Term Loan<br>7.27% (1 mo. USD Term SOFR + 3.600%) | 04/30/29 | 66187 | 36113 |
|  PUG LLC 2024 Extended Term Loan B<br>8.42% (1 mo. USD Term SOFR + 4.750%)<sup>(2)</sup> | 03/15/30 | 52202 | 52154 |
|  |  |  | 498502 |

---

------

---

| |
|:---|
| **TCW High Yield Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity**<br>**Date** | **Principal**<br>**Amount** | **Value** |
|  **Machinery-Diversified — 0.4%** |  |  |  |
|  Oregon Tool, Inc. 2025 1st Lien Term Loan<br>9.23% (3 mo. USD Term SOFR + 5.350%)<sup>(2)</sup> | 10/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38405 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39161 |
|  Oregon Tool, Inc. 2025 2nd Lien Term Loan<br>8.14% (3 mo. USD Term SOFR + 4.000%)<sup>(2)</sup> | 10/15/29 | 128789 | 84357 |
|  |  |  | 123518 |
|  **Media — 0.5%** |  |  |  |
|  Altice France SA 2025 USD Term Loan B14<br>10.55% (3 mo. USD Term SOFR + 6.875%)<sup>(2)</sup> | 05/31/31 | 118374 | 120396 |
|  Virgin Media Bristol LLC 2023 USD Term Loan Y<br>7.05% (6 mo. USD Term SOFR + 3.175%)<sup>(2)</sup> | 03/31/31 | 66750 | 65727 |
|  |  |  | 186123 |
|  **Office/Business Equipment — 0.3%** |  |  |  |
|  Xerox Holdings Corp. 2023 Term Loan B<br>7.73% (6 mo. USD Term SOFR + 4.000%)<sup>(2)</sup> | 11/19/29 | 150228 | 117016 |
|  **Packaging & Containers — 0.2%** |  |  |  |
|  Plaze, Inc. 2020 Incremental Term Loan<br>7.54% (1 mo. USD Term SOFR + 3.750%)<sup>(2)</sup> | 08/03/26 | 81000 | 73791 |
|  **Pipelines — 0.4%** |  |  |  |
|  Venture Global Calcasieu Pass LLC Term Loan<br>0.00%<sup>(8)</sup> | 08/19/26 | 125000 | 125039 |
|  **REIT — 0.5%** |  |  |  |
|  OEG Borrower LLC 2024 Term Loan B<br>7.20% (3 mo. USD Term SOFR + 3.500%)<sup>(2)</sup> | 06/30/31 | 158298 | 159123 |
|  **Software — 1.1%** |  |  |  |
|  Cast & Crew Payroll LLC 2021 Incremental Term Loan<br>7.42% (1 mo. USD Term SOFR + 3.750%)<sup>(2)</sup> | 12/29/28 | 79792 | 50169 |
|  Cloudera, Inc. 2021 Term Loan<br>7.52% (1 mo. USD Term SOFR + 3.750%)<sup>(2)</sup> | 10/08/28 | 79380 | 68532 |
|  DTI Holdco, Inc. 2025 Term Loan B<br>7.67% (1 mo. USD Term SOFR + 4.000%)<sup>(2)</sup> | 04/26/29 | 96471 | 90638 |
|  Planview Parent, Inc. 2024 1st Lien Term Loan<br>0.00%<sup>(8)</sup> | 12/17/27 | 39899 | 35676 |
|  Project Alpha Intermediate Holding, Inc. 2024 1st Lien Term Loan B<br>0.00%<sup>(8)</sup> | 10/26/30 | 50000 | 46625 |
|  Renaissance Holding Corp. 2024 1st Lien Term Loan<br>7.67% (3 mo. USD Term SOFR + 4.000%)<sup>(2)</sup> | 04/05/30 | 104733 | 89023 |
|  |  |  | 380663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Bank Loans** (Cost: $3,413,564) |  |  | 3227174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Fixed Income Securities** (Cost: $33,652,152) |  |  | 33735669 |
|  **CONVERTIBLE SECURITIES — 0.1%** | **CONVERTIBLE SECURITIES — 0.1%** | **CONVERTIBLE SECURITIES — 0.1%** | **CONVERTIBLE SECURITIES — 0.1%** |
|  **CONVERTIBLE CORPORATE BONDS — 0.1%** | **CONVERTIBLE CORPORATE BONDS — 0.1%** | **CONVERTIBLE CORPORATE BONDS — 0.1%** | **CONVERTIBLE CORPORATE BONDS — 0.1%** |
|  **Commercial Services — 0.1%** | **Commercial Services — 0.1%** | **Commercial Services — 0.1%** | **Commercial Services — 0.1%** |
|  Worldline SA (France)<br>0.00%<sup>(7),(9)</sup> | 07/30/26 | EUR 20,124 | 23886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Convertible Securities** (Cost: $21,321) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Convertible Securities** (Cost: $21,321) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Convertible Securities** (Cost: $21,321) | 23886 |
|  |  | **Shares** |  |
|  **COMMON STOCK — 0.5%** | **COMMON STOCK — 0.5%** | **COMMON STOCK — 0.5%** | **COMMON STOCK — 0.5%** |
|  **Beverages — 0.1%** |  |  |  |
|  Luxco Co. Ltd.<sup>(10)</sup> |  | 1289 | 24777 |
|  **Financial — 0.1%** | **Financial — 0.1%** | **Financial — 0.1%** | **Financial — 0.1%** |
|  Ardagh Holdings SA<sup>(10)</sup> |  | 3932 | 28999 |
|  **Health Care-Services — 0.3%** | **Health Care-Services — 0.3%** | **Health Care-Services — 0.3%** | **Health Care-Services — 0.3%** |
|  ModivCare, Inc.<sup>(10)</sup> |  | 17678 | 117850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stock** (Cost: $234,774) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stock** (Cost: $234,774) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stock** (Cost: $234,774) | 171626 |
|  **WARRANTS — 0.0%** | **WARRANTS — 0.0%** | **WARRANTS — 0.0%** | **WARRANTS — 0.0%** |
|  Cineworld Group PLC<sup>(10),(11)</sup> |  | 42717 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Warrants** (Cost: $—) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Warrants** (Cost: $—) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Warrants** (Cost: $—) | 1 |
|  **MONEY MARKET INVESTMENTS — 0.7%** |  |  |  |
|  State Street Institutional U.S. Government Money Market Fund — Premier Class, 3.65%<sup>(12)</sup> |  | 255499 | 255499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Money Market Investments** (Cost: $255,499) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Money Market Investments** (Cost: $255,499) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Money Market Investments** (Cost: $255,499) | 255499 |
|  **Total Investments (99.4%)** (Cost: $34,163,746) | **Total Investments (99.4%)** (Cost: $34,163,746) | **Total Investments (99.4%)** (Cost: $34,163,746) | 34186681 |
|  **Excess Of Other Assets Over Liabilities (0.6%)** | **Excess Of Other Assets Over Liabilities (0.6%)** | **Excess Of Other Assets Over Liabilities (0.6%)** | 212251 |
|  **Net Assets (100.0%)** | **Net Assets (100.0%)** | **Net Assets (100.0%)** | $34398932 |

---

------

---

| |
|:---|
| **TCW High Yield Bond ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  **FORWARD CURRENCY EXCHANGE CONTRACTS**  | **FORWARD CURRENCY EXCHANGE CONTRACTS**  | **FORWARD CURRENCY EXCHANGE CONTRACTS**  | **FORWARD CURRENCY EXCHANGE CONTRACTS**  | **FORWARD CURRENCY EXCHANGE CONTRACTS**  | **FORWARD CURRENCY EXCHANGE CONTRACTS**  | **FORWARD CURRENCY EXCHANGE CONTRACTS**  |
| **Counterparty** | **Contracts<br>to Deliver** | **Units of<br>Currency** | **Settlement<br>Date** | **In Exchange<br>for USD** | **Contracts<br>at Value** | **Unrealized<br>Appreciation<br>(Depreciation)** |
|  **SELL<sup>(13)</sup>** | | | | |  |  |
| Citibank N.A. | EUR | 399125 | 04/01/26 | $469919 | $474374 | $(4455) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  **FUTURES CONTRACTS**  | **FUTURES CONTRACTS**  | **FUTURES CONTRACTS**  | **FUTURES CONTRACTS**  | **FUTURES CONTRACTS**  | **FUTURES CONTRACTS**  |
| **Number of<br>Contracts** | **Type** | **Expiration<br>Date** | **Notional**<br>**Contract Value** | **Value** | **Net<br>Unrealized<br>Appreciation<br>(Depreciation)** |
|  **Short Futures** |  |  |  |  |  |
| 4 | 10-Year U.S. Treasury Note Futures | 03/20/26 | $(459430) | $(456625) | $2805 |
| 13 | 5-Year U.S. Treasury Note Futures | 03/31/26 | (1420229) | (1416086) | 4143 |
| 1 | Euro-Bobl Futures | 03/06/26 | (137428) | (138224) | (796) |
|  |  |  | $**(2017087)** | $**(2010935)** | $**6152** |

---

---

| | |
|:---|:---|
| **Notes to the Schedule of Investments:** | **Notes to the Schedule of Investments:** |
| ABS | Asset-Backed Securities. |
| PAC | Planned Amortization Class. |
| PIK | Payment In Kind. |
| REIT | Real Estate Investment Trust. |
| SOFR | Secured Overnight Financing Rate. |
| EUR | Euro Currency. |
| (1) | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold, normally only to qualified institutional buyers. At January 31, 2026, the value of these securities amounted to $25,328,219 or 73.6% of net assets. These securities are determined to be liquid by the Fund's investment advisor, unless otherwise noted, under procedures established by and under the general supervision of the Company's Board of Directors. |
| (2) | Floating or variable rate security. The interest shown reflects the rate in effect at January 31, 2026. |
| (3) | Perpetual maturity. |
| (4) | This security is purchased on a when-issued, delayed-delivery or forward commitment basis. |
| (5) | Restricted security (Note 14). |
| (6) | Security is currently in default due to bankruptcy or failure to make payment of principal or interest of the issuer. Income is not being accrued. |
| (7) | Investments issued under Regulation S of the Securities Act of 1933, as amended, may not be offered, sold, or delivered within the United States except under special exemptions. At January 31, 2026, the value of these securities amounted to $320,097 or 0.9% of net assets. |
| (8) | This position represents an unsettled bank loan at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which will be adjusted on settlement date. |
| (9) | Security is not accruing interest. |
| (10) | Non-income producing security. |
| (11) | For fair value measurement disclosure purposes, security is categorized as Level 3. Security is valued using significant unobservable inputs. |
| (12) | Rate disclosed is the 7-day net yield as of January 31, 2026. |
| (13) | Fund sells foreign currency, buys USD. |

---

------

---

| |
|:---|
| **TCW High Yield Bond ETF** |
| SCHEDULE OF INVESTMENTS (Continued) |

---

The summary of the TCW High Yield Bond ETF transactions in the affiliated funds for the period ended January 31, 2026 is as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name of Affiliated Fund** | **Value at<br>October 31,<br>2025** | **Purchases at<br>Cost** | **Proceeds from<br>Sales** | **Number of<br>Shares Held<br>January 31,<br>2026** | **Value at<br>January 31,<br>2026** | **Dividends and<br>Interest Income<br>Received** | **Distributions<br>Received from<br>Net Realized<br>Gain** | **Net change in<br>Unrealized Gain<br>(Loss) on<br>Investments** |
|  TCW Central Cash Fund | $1100608 | $3000000 | $4100608 |  | $– $| 4553 | $– $– $|  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total |  |  |  |  | $– $| 4553 | $– $– $|  |

---

------

---

| | |
|:---|:---|
| **TCW High Yield Bond ETF** |  |
| Fair Valuation Summary (Unaudited) | January 31, 2026 |

---

The following is a summary of the fair valuations according to the inputs used as of January 31, 2026 in valuing the Fund's investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Quoted Prices in<br>Active Markets for<br>Identical Assets**<br>**(Level 1)** | **Other Significant<br>Observable Inputs**<br>**(Level 2)** | **Significant<br>Unobservable Inputs**<br>**(Level 3)** | **Total** |
|  Fixed Income Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds | $— | $30508495 | $— | $30508495 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank Loans |  | 3227174 |  | 3227174 |
|  Total Fixed Income Securities |  | 33735669 |  | 33735669 |
|  Convertible Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Convertible Corporate Bonds |  | 23886 |  | 23886 |
|  Equity Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Money Market Investments | 255499 |  |  | 255499 |
| &nbsp;&nbsp;&nbsp;&nbsp; Common Stock | 24777 | 146849 |  | 171626 |
| &nbsp;&nbsp;&nbsp;&nbsp; Warrants |  |  | 1 | 1 |
|  Total Equity Securities | 280276 | 146849 | 1 | 427126 |
|  Total Investments | $280276 | $33906404 | $1 | $34186681 |
|  Asset Derivatives |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Risk | 6948 |  |  | 6948 |
|  Total | $287224 | $33906404 | $1 | $34193629 |
|  Liability Derivatives |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Currency Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Risk | $— | $(4455) | $— | $(4455) |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Risk | (796) |  |  | (796) |
|  Total | $(796) | $(4455) | $— | $(5251) |

---

------

---

| |
|:---|
| **TCW Multisector Credit Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **FIXED INCOME SECURITIES — 98.7% of Net Assets** | **FIXED INCOME SECURITIES — 98.7% of Net Assets** | **FIXED INCOME SECURITIES — 98.7% of Net Assets** | **FIXED INCOME SECURITIES — 98.7% of Net Assets** |
|  **CORPORATE BONDS** — **46.7%** | **CORPORATE BONDS** — **46.7%** | **CORPORATE BONDS** — **46.7%** | **CORPORATE BONDS** — **46.7%** |
|  **Advertising** — **0.4%** | **Advertising** — **0.4%** | **Advertising** — **0.4%** | **Advertising** — **0.4%** |
|  Neptune Bidco U.S., Inc.<br>10.38%<sup>(1)</sup> | 05/15/31 | $140000 | $&nbsp;&nbsp;&nbsp;&nbsp;148182 |
|  **Aerospace/Defense** — **0.4%** | **Aerospace/Defense** — **0.4%** | **Aerospace/Defense** — **0.4%** | **Aerospace/Defense** — **0.4%** |
|  TransDigm, Inc.<br>6.88%<sup>(1)</sup> | 12/15/30 | 166000 | 173007 |
|  **Airlines** — **0.2%** | **Airlines** — **0.2%** | **Airlines** — **0.2%** | **Airlines** — **0.2%** |
|  JetBlue Airways Corp./JetBlue Loyalty LP<br>9.88%<sup>(1)</sup> | 09/20/31 | 75000 | 75407 |
|  **Apparel** — **0.2%** | **Apparel** — **0.2%** | **Apparel** — **0.2%** | **Apparel** — **0.2%** |
|  Crocs, Inc.<br>4.13%<sup>(1)</sup> | 08/15/31 | 85000 | 77904 |
|  **Auto Manufacturers** — **0.4%** | **Auto Manufacturers** — **0.4%** | **Auto Manufacturers** — **0.4%** | **Auto Manufacturers** — **0.4%** |
|  Aston Martin Capital Holdings Ltd. (Jersey)<br>10.00%<sup>(1)</sup> | 03/31/29 | 45000 | 40270 |
|  Volkswagen International Finance NV (Germany)<br>7.88% (9 yr. EUR Swap + 4.783%)<sup>(2),(3),(4)</sup> | 09/06/32 | EUR 100,000 | 138742 |
|  |  |  | 179012 |
|  **Banks** — **0.5%** | **Banks** — **0.5%** | **Banks** — **0.5%** | **Banks** — **0.5%** |
|  Citigroup, Inc.<br>6.63% (5 yr. CMT + 3.001%)<sup>(3),(4)</sup> | 02/15/31 | 210000 | 213759 |
|  **Biotechnology** — **0.1%** | **Biotechnology** — **0.1%** | **Biotechnology** — **0.1%** | **Biotechnology** — **0.1%** |
|  Genmab AS/Genmab Finance LLC<br>6.25%<sup>(1)</sup> | 12/15/32 | 52000 | 53394 |
|  **Building Materials** — **0.7%** | **Building Materials** — **0.7%** | **Building Materials** — **0.7%** | **Building Materials** — **0.7%** |
|  Limak Cimento Sanayi ve Ticaret AS<br>9.75%<sup>(2)</sup> | 07/25/29 | 260000 | 265200 |
|  **Chemicals** — **0.7%** | **Chemicals** — **0.7%** | **Chemicals** — **0.7%** | **Chemicals** — **0.7%** |
|  Orbia Advance Corp. SAB de CV<br>5.88%<sup>(2)</sup> | 09/17/44 | 253000 | 209783 |
|  WR Grace Holdings LLC<br>7.00%<sup>(1)</sup> | 08/01/33 | 50000 | 50106 |
|  |  |  | 259889 |
|  **Coal** — **1.2%** | **Coal** — **1.2%** | **Coal** — **1.2%** | **Coal** — **1.2%** |
|  Indika Energy Tbk. PT<br>8.75%<sup>(2)</sup> | 05/07/29 | 270000 | 270151 |
|  Mongolian Mining Corp.<br>8.44%<sup>(2)</sup> | 04/03/30 | 219000 | 225953 |
|  |  |  | 496104 |
|  **Commercial Services** — **0.9%** | **Commercial Services** — **0.9%** | **Commercial Services** — **0.9%** | **Commercial Services** — **0.9%** |
|  Carriage Services, Inc.<br>4.25%<sup>(1)</sup> | 05/15/29 | 135000 | 130190 |
|  Sabre Financial Borrower LLC<br>11.13% <sup>(1)</sup> | 06/15/29 | 60000 | 60646 |
|  Upbound Group, Inc.<br>6.38%<sup>(1)</sup> | 02/15/29 | 40000 | 39658 |
|  Veritiv Operating Co.<br>10.50%<sup>(1)</sup> | 11/30/30 | 57000 | 61127 |
|  VT Topco, Inc.<br>8.50%<sup>(1)</sup> | 08/15/30 | 60000 | 61460 |
|  |  |  | 353081 |
|  **Cosmetics/Personal Care** — **0.2%** | **Cosmetics/Personal Care** — **0.2%** | **Cosmetics/Personal Care** — **0.2%** | **Cosmetics/Personal Care** — **0.2%** |
|  Perrigo Finance Unlimited Co.<br>6.13% | 09/30/32 | 75000 | 73855 |
|  **Diversified Financial Services** — **0.6%** | **Diversified Financial Services** — **0.6%** | **Diversified Financial Services** — **0.6%** | **Diversified Financial Services** — **0.6%** |
|  Jane Street Group/JSG Finance, Inc.<br>6.13%<sup>(1)</sup> | 11/01/32 | 125000 | 127400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%<sup>(1)</sup> | 04/30/31 | 119000 | 125159 |
|  |  |  | 252559 |
|  **Electric** — **7.0%** | **Electric** — **7.0%** | **Electric** — **7.0%** | **Electric** — **7.0%** |
|  AES Andes SA<br>8.15% (5 yr. CMT + 3.835%)<sup>(1),(4)</sup> | 06/10/55 | 200000 | 212938 |
|  Alliant Energy Corp.<br>5.75% (5 yr. CMT + 2.077%)<sup>(4)</sup> | 04/01/56 | 256000 | 254410 |
|  American Electric Power Co., Inc.<br>6.05% (5 yr. CMT + 1.940%)<sup>(4)</sup> | 03/15/56 | 260000 | 258362 |
|  Aydem Yenilenebilir Enerji AS<br>9.88%<sup>(2)</sup> | 09/30/30 | 200000 | 200784 |
|  CenterPoint Energy, Inc.<br>5.95% (5 yr. CMT + 2.223%)<sup>(4)</sup> | 04/01/56 | 253000 | 255047 |
|  Dominion Energy, Inc.<br>6.20% (5 yr. CMT + 2.006%)<sup>(4)</sup> | 02/15/56 | 175000 | 175770 |
|  EnfraGen Energia Sur SAU/EnfraGen Chile SpA/EnfraGen Spain SAU<br>8.50%<sup>(1)</sup> | 06/30/32 | 200000 | 208166 |
|  Entergy Corp.<br>5.88% (5 yr. CMT + 2.179%)<sup>(4)</sup> | 06/15/56 | 75000 | 75029 |
|  Eskom Holdings<br>8.45%<sup>(2)</sup> | 08/10/28 | 200000 | 214600 |
|  FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple<br>7.25%<sup>(1)</sup> | 01/31/41 | 198101 | 206626 |
|  Termocandelaria Power SA<br>7.75%<sup>(1)</sup> | 09/17/31 | 263000 | 273012 |
|  WEC Energy Group, Inc.<br>5.63% (5 yr. CMT + 1.905%)<sup>(4)</sup> | 05/15/56 | 210000 | 211157 |
|  Zorlu Enerji Elektrik Uretim AS<br>11.00%<sup>(1)</sup> | 04/23/30 | 250000 | 233077 |
|  |  |  | 2778978 |
|  **Engineering & Construction** — 0**.5%** | **Engineering & Construction** — 0**.5%** | **Engineering & Construction** — 0**.5%** | **Engineering & Construction** — 0**.5%** |
|  IRB Infrastructure Developers Ltd. (India)<br>7.11%<sup>(1)</sup> | 03/11/32 | 200000 | 208696 |
|  **Entertainment** — **2.5%** | **Entertainment** — **2.5%** | **Entertainment** — **2.5%** | **Entertainment** — **2.5%** |
|  Banijay Entertainment SAS (France)<br>8.13%<sup>(1)</sup> | 05/01/29 | 72000 | 74848 |
|  Brightstar Lottery PLC/ Brightstar Global Solutions Corp. (United Kingdom)<br>5.75%<sup>(1)</sup> | 01/15/33 | 60000 | 59657 |
|  Caesars Entertainment, Inc.<br>6.50%<sup>(1)</sup> | 02/15/32 | 75000 | 76790 |
|  Cinemark USA, Inc.<br>7.00%<sup>(1)</sup> | 08/01/32 | 71000 | 73544 |
|  Great Canadian Gaming Corp./Raptor LLC (Canada)<br>8.75%<sup>(1)</sup> | 11/15/29 | 72000 | 73228 |
|  Light & Wonder International, Inc.<br>6.25%<sup>(1)</sup> | 10/01/33 | 200000 | 202966 |

---

------

---

| |
|:---|
| **TCW Multisector Credit Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **Entertainment (Continued)** |  |  |  |
|  Ontario Gaming GTA LP/OTG Co-Issuer, Inc. (Canada)<br>8.00%<sup>(1)</sup> | 08/01/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113436 |
|  Rivers Enterprise Borrower LLC/Rivers Enterprise Finance Corp.<br>6.63%<sup>(1)</sup> | 02/01/33 | 125000 | 127334 |
|  WarnerMedia Holdings, Inc.<br>5.05% | 03/15/42 | 190000 | 134537 |
|  Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.<br>6.25%<sup>(1)</sup> | 03/15/33 | 75000 | 76466 |
|  |  |  | 1012806 |
|  **Environmental Control — 1.2%** | **Environmental Control — 1.2%** | **Environmental Control — 1.2%** | **Environmental Control — 1.2%** |
|  GFL Environmental, Inc.<br>4.00%<sup>(1)</sup> | 08/01/28 | 300000 | 295344 |
|  Luna 1.5 SARL (Luxemburg)<br>12.00%<sup>(1)</sup> | 07/01/32 | 65000 | 68627 |
|  Waste Pro USA, Inc.<br>7.00%<sup>(1)</sup> | 02/01/33 | 125000 | 129104 |
|  |  |  | 493075 |
|  **Food — 0.4%** | **Food — 0.4%** | **Food — 0.4%** | **Food — 0.4%** |
|  Post Holdings, Inc.<br>6.38%<sup>(1)</sup> | 03/01/33 | 174000 | 175547 |
|  **Gas — 1.3%** | **Gas — 1.3%** | **Gas — 1.3%** | **Gas — 1.3%** |
|  AmeriGas Partners LP/AmeriGas Finance Corp.<br>9.38%<sup>(1)</sup> | 06/01/28 | 130000 | 134507 |
|  National Gas Transmission PLC (United Kingdom)<br>4.25%<sup>(2)</sup> | 04/05/30 | EUR 100,000 | 123866 |
|  NiSource, Inc.<br>5.75% (5 yr. CMT + 2.035%)<sup>(4)</sup> | 07/15/56 | 255000 | 256739 |
|  |  |  | 515112 |
|  **Health Care-Services — 1.0%** | **Health Care-Services — 1.0%** | **Health Care-Services — 1.0%** | **Health Care-Services — 1.0%** |
|  Kedrion SpA (Italy)<br>6.50%<sup>(1)</sup> | 09/01/29 | 180000 | 177988 |
|  ModivCare, Inc.<br>5.00%<sup>(1)(13)(14)</sup> | 10/01/29 | 258300 | 3874 |
|  Molina Healthcare, Inc.<br>6.25%<sup>(1)</sup> | 01/15/33 | 125000 | 125999 |
|  Surgery Center Holdings, Inc.<br>7.25%<sup>(1)</sup> | 04/15/32 | 73000 | 73623 |
|  |  |  | 381484 |
|  **Home Builders — 0.5%** | **Home Builders — 0.5%** | **Home Builders — 0.5%** | **Home Builders — 0.5%** |
|  Installed Building Products, Inc.<br>5.63%<sup>(1)</sup> | 02/01/34 | 200000 | 201544 |
|  **Household Products/Wares — 0.3%** | **Household Products/Wares — 0.3%** | **Household Products/Wares — 0.3%** | **Household Products/Wares — 0.3%** |
|  Spectrum Brands, Inc.<br>3.88%<sup>(1)</sup> | 03/15/31 | 142000 | 115442 |
|  **Housewares — 0.1%** | **Housewares — 0.1%** | **Housewares — 0.1%** | **Housewares — 0.1%** |
|  Central Garden & Pet Co.<br>4.13%<sup>(1)</sup> | 04/30/31 | 45000 | 42539 |
|  **Insurance — 2.3%** | **Insurance — 2.3%** | **Insurance — 2.3%** | **Insurance — 2.3%** |
|  Acrisure LLC/Acrisure Finance, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%<sup>(1)</sup> | 11/06/30 | 162000 | 167874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%<sup>(1)</sup> | 02/01/29 | 72000 | 74752 |
|  Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%<sup>(1)</sup> | 01/15/31 | 120000 | 124505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%<sup>(1)</sup> | 10/01/32 | 74000 | 76717 |
|  AmWINS Group, Inc.<br>4.88%<sup>(1)</sup> | 06/30/29 | 78000 | 76981 |
|  Ardonagh Finco Ltd. (United Kingdom)<br>7.75%<sup>(1),(5)</sup> | 02/15/31 | 135000 | 139631 |
|  Farmers Exchange Capital II<br>6.15% (3 mo. USD Term SOFR + 4.006%)<sup>(1),(4)</sup> | 11/01/53 | 120000 | 117990 |
|  HUB International Ltd.<br>7.38%<sup>(1)</sup> | 01/31/32 | 119000 | 124754 |
|  |  |  | 903204 |
|  **Internet — 1.4%** | **Internet — 1.4%** | **Internet — 1.4%** | **Internet — 1.4%** |
|  Cogent Communications Group LLC/Cogent Finance, Inc.<br>7.00%<sup>(1)</sup> | 06/15/27 | 125000 | 124480 |
|  Getty Images, Inc. | Getty Images, Inc. | Getty Images, Inc. | Getty Images, Inc. |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.50%<sup>(1)</sup> | 11/15/30 | 80000 | 81062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.25%<sup>(1)</sup> | 02/21/30 | 95000 | 85101 |
|  Snap, Inc.<br>6.88%<sup>(1)</sup> | 03/15/34 | 250000 | 255542 |
|  |  |  | 546185 |
|  **Iron & Steel — 1.6%** | **Iron & Steel — 1.6%** | **Iron & Steel — 1.6%** | **Iron & Steel — 1.6%** |
|  CSN Resources SA<br>8.88%<sup>(1)</sup> | 12/05/30 | 255000 | 246371 |
|  Samarco Mineracao SA<br>(4.00% Cash or 5.00% PIK) due 12/31/26 9.50%<sup>(1)</sup> | 06/30/31 | 385216 | 386814 |
|  |  |  | 633185 |
|  **Machinery-Diversified — 0.3%** | **Machinery-Diversified — 0.3%** | **Machinery-Diversified — 0.3%** | **Machinery-Diversified — 0.3%** |
|  Columbus McKinnon Corp/NY<br>7.13%<sup>(1)</sup> | 02/01/33 | 60000 | 60350 |
|  Lsf12 Helix Parent LLC<br>7.13%<sup>(1),(5)</sup> | 02/01/33 | 60000 | 60325 |
|  |  |  | 120675 |
|  **Media — 2.8%** | **Media — 2.8%** | **Media — 2.8%** | **Media — 2.8%** |
|  CCO Holdings LLC / CCO Holdings Capital Corp.<br>7.38%<sup>(1)</sup> | 02/01/36 | 275000 | 275869 |
|  CCO Holdings LLC/CCO Holdings Capital Corp.<br>4.50%<sup>(1)</sup> | 06/01/33 | 35000 | 30647 |
|  Charter Communications Operating LLC/Charter Communications Operating Capital<br>3.90% | 06/01/52 | 55000 | 35915 |
|  CSC Holdings LLC<br>6.50%<sup>(1)</sup> | 02/01/29 | 110000 | 70733 |
|  DISH DBS Corp.<br>5.13% | 06/01/29 | 115000 | 101899 |
|  Grupo Televisa SAB (Mexico)<br>8.50% | 03/11/32 | 168000 | 183001 |
|  Scripps Escrow II, Inc.<br>3.88%<sup>(1)</sup> | 01/15/29 | 72000 | 66618 |
|  Sinclair Television Group, Inc.<br>4.38%<sup>(1)</sup> | 12/31/32 | 100000 | 77149 |
|  Virgin Media O2 Vendor Financing Notes VI DAC (Ireland)<br>8.50%<sup>(1)</sup> | 03/15/33 | 60000 | 59581 |
|  VZ Secured Financing BV (Netherlands)<br>5.00%<sup>(1)</sup> | 01/15/32 | 226000 | 204406 |
|  |  |  | 1105818 |
|  **Oil & Gas — 3.2%** | **Oil & Gas — 3.2%** | **Oil & Gas — 3.2%** | **Oil & Gas — 3.2%** |
|  Ecopetrol SA (Colombia)<br>5.88% | 11/02/51 | 530000 | 385178 |
|  Gran Tierra Energy, Inc.<br>9.50%<sup>(2)</sup> | 10/15/29 | 355000 | 284202 |
|  Petroleos Mexicanos<br>5.95% | 01/28/31 | 199000 | 193910 |

---

------

---

| |
|:---|
| **TCW Multisector Credit Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **Oil & Gas (Continued)** | **Oil & Gas (Continued)** | **Oil & Gas (Continued)** | **Oil & Gas (Continued)** |
|  Sunoco LP<br>7.88% (5 yr. CMT + 4.230%)<sup>(1),(3),(4)</sup> | 09/18/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;287000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;296276 |
|  Transocean Titan Financing Ltd.<br>8.38%<sup>(1)</sup> | 02/01/28 | 95524 | 97622 |
|  |  |  | 1257188 |
|  **Oil & Gas Services — 2.1%** | **Oil & Gas Services — 2.1%** | **Oil & Gas Services — 2.1%** | **Oil & Gas Services — 2.1%** |
|  Archrock Services LP / Archrock Partners Finance Corp.<br>6.00%<sup>(1)</sup> | 02/01/34 | 90000 | 89974 |
|  Kodiak Gas Services LLC | Kodiak Gas Services LLC | Kodiak Gas Services LLC | Kodiak Gas Services LLC |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%<sup>(1)</sup> | 10/01/35 | 25000 | 25839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%<sup>(1)</sup> | 02/15/29 | 71000 | 73747 |
|  USA Compression Partners LP/USA Compression Finance Corp.<br>6.25%<sup>(1)</sup> | 10/01/33 | 125000 | 126641 |
|  WBI Operating LLC<br>6.50%<sup>(1)</sup> | 10/15/33 | 180000 | 181802 |
|  Yinson Boronia Production BV<br>8.95%<sup>(1)</sup> | 07/31/42 | 294327 | 327224 |
|  |  |  | 825227 |
|  **Packaging & Containers — 1.4%** | **Packaging & Containers — 1.4%** | **Packaging & Containers — 1.4%** | **Packaging & Containers — 1.4%** |
|  Ardagh Group SA<br>9.50%<sup>(1)</sup> | 12/01/30 | 184000 | 199092 |
|  Ardagh Group SA<br>(5.50% Cash or 6.50% PIK) due 5/30/26 12.00%<sup>(1)</sup> | 12/01/30 | 86000 | 81318 |
|  Clearwater Paper Corp.<br>4.75%<sup>(1)</sup> | 08/15/28 | 40000 | 38024 |
|  Graphic Packaging International LLC<br>6.38%<sup>(1)</sup> | 07/15/32 | 95000 | 96125 |
|  Sealed Air Corp./Sealed Air Corp. U.S.<br>7.25%<sup>(1)</sup> | 02/15/31 | 130000 | 135634 |
|  |  |  | 550193 |
|  **Pharmaceuticals — 0.5%** | **Pharmaceuticals — 0.5%** | **Pharmaceuticals — 0.5%** | **Pharmaceuticals — 0.5%** |
|  1261229 BC Ltd.<br>10.00%<sup>(1)</sup> | 04/15/32 | 125000 | 128421 |
|  CVS Health Corp.<br>6.75% (5 yr. CMT + 2.516%)<sup>(4)</sup> | 12/10/54 | 75000 | 78018 |
|  |  |  | 206439 |
|  **Pipelines — 2.0%** | **Pipelines — 2.0%** | **Pipelines — 2.0%** | **Pipelines — 2.0%** |
|  Global Partners LP/GLP Finance Corp.<br>7.13%<sup>(1)</sup> | 07/01/33 | 100000 | 102538 |
|  ITT Holdings LLC<br>6.50%<sup>(1)</sup> | 08/01/29 | 140000 | 135057 |
|  NGL Energy Operating LLC/NGL Energy Finance Corp.<br>8.38%<sup>(1)</sup> | 02/15/32 | 122000 | 127729 |
|  Venture Global LNG, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00% (5 yr. CMT + 5.440%)<sup>(1),(3),(4)</sup> | 09/30/29 | 205000 | 180693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.88%<sup>(1)</sup> | 02/01/32 | 38000 | 40244 |
|  Venture Global Plaquemines LNG LLC<br>6.75%<sup>(1)</sup> | 01/15/36 | 187000 | 196180 |
|  |  |  | 782441 |
|  **Real Estate — 0.5%** | **Real Estate — 0.5%** | **Real Estate — 0.5%** | **Real Estate — 0.5%** |
|  Port of Spain Waterfront Development<br>7.88%<sup>(1)</sup> | 02/19/40 | 199133 | 200932 |
|  **REIT — 0.8%** | **REIT — 0.8%** | **REIT — 0.8%** | **REIT — 0.8%** |
|  Hudson Pacific Properties LP<br>3.95% | 11/01/27 | 259000 | 248834 |
|  Iron Mountain, Inc. (REIT)<br>5.63%<sup>(1)</sup> | 07/15/32 | 76000 | 75248 |
|  |  |  | 324082 |
|  **Retail — 3.0%** | **Retail — 3.0%** | **Retail — 3.0%** | **Retail — 3.0%** |
|  BCPE Flavor Debt Merger Sub LLC & BCPE Flavor Issuer, Inc.<br>9.50%<sup>(1)</sup> | 07/01/32 | 175000 | 167011 |
|  Ferrellgas LP/Ferrellgas Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%<sup>(1)</sup> | 04/01/29 | 136000 | 130893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%<sup>(1)</sup> | 01/15/31 | 50000 | 51683 |
|  Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.<br>6.75%<sup>(1)</sup> | 01/15/30 | 50000 | 47282 |
|  FirstCash, Inc.<br>6.88%<sup>(1)</sup> | 03/01/32 | 121000 | 125852 |
|  LCM Investments Holdings II LLC<br>8.25%<sup>(1)</sup> | 08/01/31 | 117000 | 123345 |
|  Lithia Motors, Inc.<br>5.50%<sup>(1)</sup> | 10/01/30 | 75000 | 75581 |
|  Men's Wearhouse LLC<br>9.00%<sup>(1)</sup> | 02/01/31 | 60000 | 62430 |
|  Michaels Cos., Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%<sup>(1)</sup> | 05/01/28 | 65000 | 64390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%<sup>(1)</sup> | 05/01/29 | 105000 | 102463 |
|  Papa John's International, Inc.<br>3.88%<sup>(1)</sup> | 09/15/29 | 146000 | 139708 |
|  Suburban Propane Partners LP/Suburban Energy Finance Corp.<br>6.50%<sup>(1)</sup> | 12/15/35 | 120000 | 119478 |
|  |  |  | 1210116 |
|  **Software — 0.6%** | **Software — 0.6%** | **Software — 0.6%** | **Software — 0.6%** |
|  SS&C Technologies, Inc.<br>6.50%<sup>(1)</sup> | 06/01/32 | 71000 | 73400 |
|  UKG, Inc.<br>6.88%<sup>(1)</sup> | 02/01/31 | 100000 | 100048 |
|  ZoomInfo Technologies LLC/ZoomInfo Finance Corp.<br>3.88%<sup>(1)</sup> | 02/01/29 | 81000 | 74078 |
|  |  |  | 247526 |
|  **Telecommunications — 2.2%** | **Telecommunications — 2.2%** | **Telecommunications — 2.2%** | **Telecommunications — 2.2%** |
|  Altice Financing SA (Luxembourg)<br>9.63%<sup>(1)</sup> | 07/15/27 | 200000 | 155024 |
|  Altice France SA<br>9.50%<sup>(1)</sup> | 11/01/29 | 123717 | 127216 |
|  Global Switch Finance BV (United Kingdom)<br>1.38%<sup>(2)</sup> | 10/07/30 | EUR 100,000 | 111822 |
|  Telecom Argentina SA (Argentina)<br>9.50%<sup>(1)</sup> | 07/18/31 | 251000 | 268763 |
|  Windstream Services LLC/Windstream Escrow Finance Corp.<br>8.25%<sup>(1)</sup> | 10/01/31 | 125000 | 131235 |
|  Zayo Group Holdings, Inc.<br>(5.75% Cash or 0.50% PIK) due 3/29/27 9.25%<sup>(1)</sup> | 03/09/30 | 80000 | 78162 |
|  |  |  | 872222 |
|  **Water — 0.7%** | **Water — 0.7%** | **Water — 0.7%** | **Water — 0.7%** |
|  Aegea Finance Sarl<br>7.63%<sup>(1)</sup> | 01/20/36 | 300000 | 293817 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Corporate Bonds** (Cost: $18,487,732) |  |  | 18625826 |
|  **FOREIGN GOVERNMENT BONDS — 14.8%** | **FOREIGN GOVERNMENT BONDS — 14.8%** | **FOREIGN GOVERNMENT BONDS — 14.8%** | **FOREIGN GOVERNMENT BONDS — 14.8%** |
|  Angola Government International Bonds<br>8.75%<sup>(2)</sup> | 04/14/32 | 370000 | 362541 |

---

------

---

| |
|:---|
| **TCW Multisector Credit Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Principal<br>Amount** | **Value** | **Value** |
|  **FOREIGN GOVERNMENT BONDS (Continued)** |  |  |  |  |  |
|  Argentina Republic Government International Bonds<br>4.13% | 07/09/35 | $| 266529 | $| 206520 |
|  Brazil Government International Bonds<br>7.13% | 05/13/54 |  | 300000 |  | 299829 |
|  Colombia Government International Bonds<br>7.75% | 11/07/36 |  | 318000 |  | 333957 |
|  Dominican Republic International Bonds<br>5.88%<sup>(2)</sup> | 01/30/60 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;305000 |  | 271566 |
|  Ecuador Government International Bonds<br>6.90%<sup>(2)</sup> | 07/31/35 |  | 239849 |  | 219157 |
|  Egypt Government International Bonds<br>7.30%<sup>(2)</sup> | 09/30/33 |  | 275000 |  | 276466 |
|  El Salvador Government International Bonds<br>9.50%<sup>(2)</sup> | 07/15/52 |  | 161000 |  | 182977 |
|  Gabon Government International Bonds<br>6.63%<sup>(1)</sup> | 02/06/31 |  | 173000 |  | 147481 |
|  Ghana Government International Bonds<br>5.00%<sup>(1)</sup> | 07/03/35 |  | 153000 |  | 139507 |
|  Hungary Government International Bonds<br>5.50%<sup>(2)</sup> | 03/26/36 |  | 200000 |  | 198654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%<sup>(2)</sup> | 09/23/55 |  | 200000 |  | 208352 |
|  Istanbul Metropolitan Municipality<br>10.50%<sup>(1)</sup> | 12/06/28 |  | 296000 |  | 325644 |
|  Ivory Coast Government International Bonds<br>6.13%<sup>(1)</sup> | 06/15/33 |  | 288000 |  | 285258 |
|  Nigeria Government International Bonds<br>7.70%<sup>(1)</sup> | 02/23/38 |  | 201000 |  | 198972 |
|  Panama Government International Bonds<br>6.40% | 02/14/35 |  | 210000 |  | 220000 |
|  Provincia de Buenos Aires/Government Bonds<br>6.63%<sup>(2)</sup> | 09/01/37 |  | 173578 |  | 140589 |
|  Republic of Kenya Government International Bonds<br>7.88%<sup>(2)</sup> | 10/09/33 |  | 400000 |  | 403092 |
|  Romania Government International Bonds<br>6.38%<sup>(2)</sup> | 01/30/34 |  | 432000 |  | 449271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.63%<sup>(2)</sup> | 01/17/53 |  | 186000 |  | 207269 |
|  Saudi Government International Bonds<br>5.00%<sup>(2)</sup> | 01/18/53 |  | 390000 |  | 340092 |
|  Senegal Government International Bonds<br>6.25%<sup>(1)</sup> | 05/23/33 |  | 221000 |  | 128321 |
|  Sri Lanka Government International Bonds<br>3.10%<sup>(2)</sup> | 01/15/30 |  | 141000 |  | 139324 |
|  Ukraine Government International Bonds<br>3.00%<sup>(2)</sup> | 02/01/36 |  | 350000 |  | 197439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Foreign Government Bonds** (Cost: $5,522,012)  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5882278 |
|  **ASSET-BACKED SECURITIES — 4.3%** | **ASSET-BACKED SECURITIES — 4.3%** | **ASSET-BACKED SECURITIES — 4.3%** | **ASSET-BACKED SECURITIES — 4.3%** | **ASSET-BACKED SECURITIES — 4.3%** | **ASSET-BACKED SECURITIES — 4.3%** |
|  AMMC CLO 30 Ltd. Series 2024-30A, Class A1<br>5.35% (3 mo. USD Term SOFR + 1.680%)<sup>(1),(4)</sup> | 01/15/37 |  | 250000 |  | 250012 |
|  Bear Mountain Park CLO Ltd. Series 2022-1A, Class BR<br>5.42% (3 mo. USD Term SOFR + 1.750%)<sup>(1),(4)</sup> | 07/15/37 |  | 225000 |  | 225627 |
|  CIFC Funding Ltd. Series 2023-3A, Class B<br>5.97% (3 mo. USD Term SOFR + 2.300%)<sup>(1),(4)</sup> | 01/20/37 |  | 250000 |  | 250013 |
|  GoldenTree Loan Management U.S. CLO 11 Ltd. Series 2021-11A, Class AR<br>4.75% (3 mo. USD Term SOFR + 1.080%)<sup>(1),(4)</sup> | 10/20/34 |  | 250000 |  | 250106 |
|  OHA Credit Funding 1 Ltd. Series 2018-1A, Class B1R<br>5.67% (3 mo. USD Term SOFR + 2.000%)<sup>(1),(4)</sup> | 04/20/37 |  | 250000 |  | 250891 |
|  Rockford Tower CLO Ltd. Series 2020-1A, Class A1RR<br>4.76% (3 mo. USD Term SOFR + 1.090%)<sup>(1),(4)</sup> | 01/20/36 |  | 250000 |  | 250125 |
|  Sixth Street CLO VIII Ltd. Series 2017-8A, Class A1R2<br>4.82% (3 mo. USD Term SOFR + 1.150%)<sup>(1),(4)</sup> | 10/20/34 |  | 250000 |  | 250421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Asset-Backed Securities** (Cost: $1,733,403) |  |  |  |  | 1727195 |
|  **BANK LOANS — 32.9%** | **BANK LOANS — 32.9%** | **BANK LOANS — 32.9%** | **BANK LOANS — 32.9%** | **BANK LOANS — 32.9%** | **BANK LOANS — 32.9%** |
|  **Advertising — 0.2%** | **Advertising — 0.2%** | **Advertising — 0.2%** | **Advertising — 0.2%** | **Advertising — 0.2%** | **Advertising — 0.2%** |
|  Neptune Bidco U.S., Inc. 2026 USD Term Loan B<br>0.00%<sup>(6)</sup> | 01/28/33 |  | 100000 |  | 98729 |
|  **Aerospace & Defense — 1.5%** | **Aerospace & Defense — 1.5%** | **Aerospace & Defense — 1.5%** | **Aerospace & Defense — 1.5%** | **Aerospace & Defense — 1.5%** | **Aerospace & Defense — 1.5%** |
|  Air Comm Corp. LLC 2025 Term Loan<br>6.57% (3 mo. USD Term SOFR + 2.750%)<sup>(4)</sup> | 12/11/31 |  | 236695 |  | 237385 |
|  HDI Aerospace Intermediate Holding III Corp. Term Loan B<br>7.40% (3 mo. USD Term SOFR + 3.750%)<sup>(4)</sup> | 02/11/32 |  | 99250 |  | 99932 |
|  TransDigm, Inc. 2025 Term Loan M<br>6.17% (1 mo. USD Term SOFR + 2.500%)<sup>(4)</sup> | 08/19/32 |  | 249375 |  | 249470 |
|  |  |  |  |  | 586787 |
|  **Airlines — 0.6%** | **Airlines — 0.6%** | **Airlines — 0.6%** | **Airlines — 0.6%** | **Airlines — 0.6%** | **Airlines — 0.6%** |
|  Air Canada 2024 Term Loan B<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(4)</sup> | 03/21/31 |  | 246859 |  | 247291 |
|  **Auto Parts & Equipment — 0.0%** | **Auto Parts & Equipment — 0.0%** | **Auto Parts & Equipment — 0.0%** | **Auto Parts & Equipment — 0.0%** | **Auto Parts & Equipment — 0.0%** | **Auto Parts & Equipment — 0.0%** |
|  First Brands Group LLC 2021 Term Loan<br>9.57% (3 mo. USD Term SOFR + 5.000%) | 03/30/27 |  | 84636 |  | 473 |
|  First Brands Group LLC 2025 PIK DIP Roll-Up Term Loan B<br>10.69% (1 mo. USD Term SOFR + 7.000%)<sup>(4)</sup> | 06/29/26 |  | 97077 |  | 765 |
|  |  |  |  |  | 1238 |
|  **Beverages — 0.5%** | **Beverages — 0.5%** | **Beverages — 0.5%** | **Beverages — 0.5%** | **Beverages — 0.5%** | **Beverages — 0.5%** |
|  Arterra Wines Canada, Inc. 2020 Term Loan<br>7.43% (3 mo. USD Term SOFR + 3.500%)<sup>(4)</sup> | 11/24/27 |  | 100000 |  | 98562 |
|  Celsius Holdings, Inc. 2025 Term Loan B<br>6.17% (3 mo. USD Term SOFR + 2.500%)<sup>(4)</sup> | 04/01/32 |  | 96979 |  | 97707 |
|  |  |  |  |  | 196269 |

---

------

---

| |
|:---|
| **TCW Multisector Credit Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **Biotechnology — 0.3%** | **Biotechnology — 0.3%** | **Biotechnology — 0.3%** | **Biotechnology — 0.3%** |
|  Genmab AS Term Loan B<br>6.73% (3 mo. USD Term SOFR + 3.000%)<sup>(4)</sup> | 12/13/32 | $100000 | $100491 |
|  **Commercial Services — 3.5%** | **Commercial Services — 3.5%** | **Commercial Services — 3.5%** | **Commercial Services — 3.5%** |
|  Archkey Solutions LLC 2024 Term Loan B<br>7.92% (3 mo. USD Term SOFR + 4.250%)<sup>(4)</sup> | 11/01/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222460 | 224789 |
|  ASP Dream Acquisition Co. LLC Term Loan B<br>8.02% (1 mo. USD Term SOFR + 4.250%)<sup>(4)</sup> | 12/15/28 | 247429 | 236089 |
|  Ensemble RCM LLC 2026 Term Loan B<br>0.00%<sup>(6)</sup> | 01/28/33 | 100000 | 99125 |
|  Fugue Finance BV 2025 Repriced Term Loan<br>6.57% (3 mo. USD Term SOFR + 2.750%)<sup>(4)</sup> | 01/09/32 | 167409 | 166572 |
|  Nuvei Technologies Corp. 2025 Repriced Term Loan B<br>6.17% (1 mo. USD Term SOFR + 2.500%)<sup>(4)</sup> | 11/17/31 | 100000 | 99339 |
|  Priority Holdings LLC 2025 Term Loan B<br>7.42% (1 mo. USD Term SOFR + 3.750%)<sup>(4)</sup> | 07/30/32 | 243160 | 239148 |
|  Trans Union LLC 2024 Term Loan B9<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(4)</sup> | 06/24/31 | 123750 | 123989 |
|  VT Topco, Inc. 2024 1st Lien Term Loan B<br>6.66% (3 mo. USD Term SOFR + 3.000%)<sup>(4)</sup> | 08/09/30 | 198992 | 193706 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1382757 |
|  **Computers — 0.8%** | **Computers — 0.8%** | **Computers — 0.8%** | **Computers — 0.8%** |
|  Surf Holdings LLC 2025 Incremental Term Loan<br>7.29% (1 mo. USD Term SOFR + 3.500%)<sup>(4)</sup> | 03/05/27 | 247384 | 245637 |
|  Tempo Acquisition LLC 2025 Repriced Term Loan B<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(4)</sup> | 08/31/28 | 100000 | 92056 |
|  |  |  | 337693 |
|  **Cosmetics/Personal Care — 0.3%** | **Cosmetics/Personal Care — 0.3%** | **Cosmetics/Personal Care — 0.3%** | **Cosmetics/Personal Care — 0.3%** |
|  Opal Bidco SAS USD Term Loan B4<br>6.69% (3 mo. USD Term SOFR + 3.000%)<sup>(4)</sup> | 04/28/32 | 124688 | 124831 |
|  **Distribution & Wholesale — 0.3%** | **Distribution & Wholesale — 0.3%** | **Distribution & Wholesale — 0.3%** | **Distribution & Wholesale — 0.3%** |
|  Gloves Buyer, Inc. 2025 Term Loan<br>7.67% (1 mo. USD Term SOFR + 4.000%)<sup>(4)</sup> | 05/21/32 | 99750 | 99397 |
|  **Diversified Financial Services — 1.9%** | **Diversified Financial Services — 1.9%** | **Diversified Financial Services — 1.9%** | **Diversified Financial Services — 1.9%** |
|  Avolon TLB Borrower 1 U.S. LLC 2023 Term Loan B6<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(4)</sup> | 06/24/30 | 346500 | 348359 |
|  Blackhawk Network Holdings, Inc. 2025 Term Loan B<br>7.67% (3 mo. USD Term SOFR + 4.000%)<sup>(4)</sup> | 03/12/29 | 172816 | 173211 |
|  Guggenheim Partners LLC 2024 Term Loan B<br>6.17% (3 mo. USD Term SOFR + 2.500%)<sup>(4)</sup> | 11/26/31 | 247500 | 248119 |
|  |  |  | 769689 |
|  **Electric — 1.1%** | **Electric — 1.1%** | **Electric — 1.1%** | **Electric — 1.1%** |
|  Potomac Energy Center LLC 2025 Term Loan<br>6.67% (3 mo. USD Term SOFR + 3.000%)<sup>(4)</sup> | 08/05/32 | 118735 | 119527 |
|  South Field LLC 2025 1st Lien Term Loan B<br>6.67% (3 mo. USD Term SOFR + 3.000%)<sup>(4)</sup> | 08/29/31 | 296095 | 298191 |
|  South Field LLC 2025 1st Lien Term Loan C<br>6.67% (3 mo. USD Term SOFR + 3.000%)<sup>(4)</sup> | 08/29/31 | 17896 | 18023 |
|  |  |  | 435741 |
|  **Electrical Components & Equipment — 0.6%** | **Electrical Components & Equipment — 0.6%** | **Electrical Components & Equipment — 0.6%** | **Electrical Components & Equipment — 0.6%** |
|  Pelican Products, Inc. 2021 Term Loan<br>8.18% (3 mo. USD Term SOFR + 4.250%)<sup>(4)</sup> | 12/29/28 | 249351 | 234184 |
|  **Electronics — 0.9%** | **Electronics — 0.9%** | **Electronics — 0.9%** | **Electronics — 0.9%** |
|  TCP Sunbelt Acquisition Co. 2024 Term Loan B<br>8.07% (3 mo. USD Term SOFR + 4.250%)<sup>(4)</sup> | 10/24/31 | 346500 | 348018 |
|  **Engineering & Construction — 1.0%** | **Engineering & Construction — 1.0%** | **Engineering & Construction — 1.0%** | **Engineering & Construction — 1.0%** |
|  Astrion Group LLC 2024 Term Loan<br>8.67% (3 mo. USD Term SOFR + 5.000%)<sup>(4)</sup> | 08/29/31 | 205078 | 158935 |
|  Holding Socotec SAS 2025 USD Term Loan B<br>6.91% (3 mo. USD Term SOFR + 3.250%)<sup>(4)</sup> | 06/02/31 | 123750 | 124291 |
|  Legence Holdings LLC 2025 Repriced Term Loan B<br>5.92% (1 mo. USD Term SOFR + 2.250%)<sup>(4)</sup> | 12/16/31 | 125085 | 125664 |
|  |  |  | 408890 |
|  **Entertainment — 1.5%** | **Entertainment — 1.5%** | **Entertainment — 1.5%** | **Entertainment — 1.5%** |
|  Caesars Entertainment, Inc. Term Loan B<br>5.92% (1 mo. USD Term SOFR + 2.250%)<sup>(4)</sup> | 02/06/30 | 257937 | 256889 |
|  City Football Group Ltd. 2024 Term Loan<br>6.93% (3 mo. USD Term SOFR + 3.000%)<sup>(4)</sup> | 07/22/30 | 100000 | 99844 |

---

------

---

| |
|:---|
| **TCW Multisector Credit Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Issues** | **Maturity**<br>**Date** | **Principal**<br>**Amount** | **Principal**<br>**Amount** | **Value** | **Value** |
|  **Entertainment (Continued)** |  |  |  |  |  |
|  Great Canadian Gaming Corp. 2024 Term Loan B<br>8.44% (3 mo. USD Term SOFR + 4.750%)<sup>(4)</sup> | 11/01/29 | $| &nbsp;&nbsp;&nbsp;&nbsp;125000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122578 |
|  Voyager Parent LLC Repriced Term Loan B<br>7.91% (3 mo. USD Term SOFR + 4.250%)<sup>(4)</sup> | 07/01/32 |  | 124688 |  | 124696 |
|  |  |  |  |  | 604007 |
|  **Food** — **1.9%** | **Food** — **1.9%** | **Food** — **1.9%** | **Food** — **1.9%** | **Food** — **1.9%** | **Food** — **1.9%** |
|  1440 Food Topco LLC Term Loan B<br>8.67% (1 mo. USD Term SOFR + 5.000%)<sup>(4)</sup> | 10/31/31 |  | 123869 |  | 117397 |
|  BCPE North Star U.S. HoldCo 2, Inc. Term Loan<br>7.79% (1 mo. USD Term SOFR + 4.000%)<sup>(4)</sup> | 06/09/28 |  | 148068 |  | 147991 |
|  United Natural Foods, Inc. 2024 Term Loan<br>8.42% (1 mo. USD Term SOFR + 4.750%)<sup>(4)</sup> | 05/01/31 |  | 187355 |  | 188798 |
|  Upfield BV 2025 USD Term Loan B12<br>7.62% (6 mo. USD Term SOFR + 3.750%)<sup>(4)</sup> | 12/31/27 |  | 199497 |  | 198002 |
|  Upfield BV 2026 USD Term Loan B15<br>0.00%<sup>(6)</sup> | 10/31/30 |  | 100000 |  | 99250 |
|  |  |  |  |  | 751438 |
|  **Forest Products & Paper** — **0.6%** | **Forest Products & Paper** — **0.6%** | **Forest Products & Paper** — **0.6%** | **Forest Products & Paper** — **0.6%** | **Forest Products & Paper** — **0.6%** | **Forest Products & Paper** — **0.6%** |
|  Glatfelter Corp. Term Loan B<br>8.07% (3 mo. USD Term SOFR + 4.250%)<sup>(4)</sup> | 11/04/31 |  | 224865 |  | 223234 |
|  **Health Care-Products** — **0.2%** | **Health Care-Products** — **0.2%** | **Health Care-Products** — **0.2%** | **Health Care-Products** — **0.2%** | **Health Care-Products** — **0.2%** | **Health Care-Products** — **0.2%** |
|  Hologic, Inc. 2026 USD Term Loan B<br>0.00%<sup>(6)</sup> | 01/14/33 |  | 100000 |  | 99394 |
|  **Health Care-Services** — **1.5%** |  |  |  |  |  |
|  Charlotte Buyer, Inc. 2025 Repriced Term Loan B<br>7.92% (1 mo. USD Term SOFR + 4.250%)<sup>(4)</sup> | 02/11/28 |  | 100000 |  | 97922 |
|  Dermatology Intermediate Holdings III, Inc. 2023 Incremental Term Loan B<br>9.17% (3 mo. USD Term SOFR + 5.500%)<sup>(4)</sup> | 03/30/29 |  | 122177 |  | 118130 |
|  Heartland Dental LLC 2025 Term Loan<br>7.42% (1 mo. USD Term SOFR + 3.750%)<sup>(4)</sup> | 08/25/32 |  | 248750 |  | 249113 |
|  Modivcare Buyer LLC Super Senior Term Loan<br>10.00% (3 mo. USD Term SOFR + 3.250%)<sup>(4)</sup> | 12/29/30 |  | 50000 |  | 50167 |
|  ModivCare Buyer LLC Takeback Term Loan<br>8.69% (3 mo. USD Term SOFR + 5.000%)<sup>(4)</sup> | 12/30/32 |  | 75422 |  | 70906 |
|  |  |  |  |  | 586238 |
|  **Holding Companies - Diversified** — **0.3%** | **Holding Companies - Diversified** — **0.3%** | **Holding Companies - Diversified** — **0.3%** | **Holding Companies - Diversified** — **0.3%** | **Holding Companies - Diversified** — **0.3%** | **Holding Companies - Diversified** — **0.3%** |
|  GC Ferry Acquisition I, Inc. Term Loan<br>7.17% (3 mo. USD Term SOFR + 3.500%)<sup>(4)</sup> | 08/16/32 |  | 106771 |  | 106087 |
|  **Insurance** — **0.7%** | **Insurance** — **0.7%** | **Insurance** — **0.7%** | **Insurance** — **0.7%** | **Insurance** — **0.7%** | **Insurance** — **0.7%** |
|  Asurion LLC 2021 Second Lien Term Loan B4<br>9.04% (1 mo. USD Term SOFR + 5.250%)<sup>(4)</sup> | 01/20/29 |  | 49065 |  | 49127 |
|  Asurion LLC 2022 Term Loan B10<br>7.77% (1 mo. USD Term SOFR + 4.000%)<sup>(4)</sup> | 08/19/28 |  | 246811 |  | 247428 |
|  |  |  |  |  | 296555 |
|  **Internet** — **3.2%** | **Internet** — **3.2%** | **Internet** — **3.2%** | **Internet** — **3.2%** | **Internet** — **3.2%** | **Internet** — **3.2%** |
|  Arches Buyer, Inc. 2021 Term Loan B<br>7.02% (1 mo. USD Term SOFR + 3.250%)<sup>(4)</sup> | 12/06/27 |  | 48443 |  | 48370 |
|  Delivery Hero SE 2024 USD Term Loan B<br>8.84% (3 mo. USD Term SOFR + 5.000%)<sup>(4)</sup> | 12/12/29 |  | 345603 |  | 346467 |
|  Magnite, Inc. 2025 Repriced Term Loan B<br>6.67% (1 mo. USD Term SOFR + 3.000%)<sup>(4)</sup> | 02/06/31 |  | 372188 |  | 370637 |
|  MH Sub I LLC 2023 Term Loan<br>7.92% (1 mo. USD Term SOFR + 4.250%)<sup>(4)</sup> | 05/03/28 |  | 206474 |  | 188039 |
|  PUG LLC 2024 Extended Term Loan B<br>8.42% (1 mo. USD Term SOFR + 4.750%)<sup>(4)</sup> | 03/15/30 |  | 108755 |  | 108653 |
|  TripAdvisor, Inc. Term Loan<br>6.42% (1 mo. USD Term SOFR + 2.750%)<sup>(4)</sup> | 07/08/31 |  | 123747 |  | 120537 |
|  WatchGuard Technologies, Inc. Term Loan<br>0.00%<sup>(6)</sup> | 07/02/29 |  | 100000 |  | 100125 |
|  |  |  |  |  | 1282828 |
|  **Machinery-Construction & Mining** — **0.6%** | **Machinery-Construction & Mining** — **0.6%** | **Machinery-Construction & Mining** — **0.6%** | **Machinery-Construction & Mining** — **0.6%** | **Machinery-Construction & Mining** — **0.6%** | **Machinery-Construction & Mining** — **0.6%** |
|  WEC U.S. Holdings Ltd. 2024 Term Loan<br>5.70% (1 mo. USD Term SOFR + 2.000%)<sup>(4)</sup> | 01/27/31 |  | 246867 |  | 246924 |
|  **Media** — **0.7%** | **Media** — **0.7%** | **Media** — **0.7%** | **Media** — **0.7%** | **Media** — **0.7%** | **Media** — **0.7%** |
|  Charter Communications Operating LLC 2024 Term Loan B5<br>5.91% (3 mo. USD Term SOFR + 2.250%)<sup>(4)</sup> | 12/15/31 |  | 123750 |  | 123736 |
|  Ziggo Financing Partnership 2025 Term Loan B<br>7.03% (6 mo. USD Term SOFR + 3.250%)<sup>(4)</sup> | 01/15/33 |  | 150000 |  | 148438 |
|  |  |  |  |  | 272174 |

---

------

---

| |
|:---|
| **TCW Multisector Credit Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **Miscellaneous Manufacturers — 0.6%** | **Miscellaneous Manufacturers — 0.6%** | **Miscellaneous Manufacturers — 0.6%** | **Miscellaneous Manufacturers — 0.6%** |
|  Cleanova U.S. Holdings LLC 2025 Term Loan B<br>8.48% (3 mo. USD Term SOFR + 4.750%)<sup>(4)</sup> | 06/14/32 | $249375 | $250622 |
|  **Office/Business Equipment — 0.5%** | **Office/Business Equipment — 0.5%** | **Office/Business Equipment — 0.5%** | **Office/Business Equipment — 0.5%** |
|  Xerox Holdings Corp. 2023 Term Loan B<br>7.73% (6 mo. USD Term SOFR + 4.000%)<sup>(4)</sup> | 11/19/29 | 280909 | 218807 |
|  **Packaging & Containers — 0.4%** | **Packaging & Containers — 0.4%** | **Packaging & Containers — 0.4%** | **Packaging & Containers — 0.4%** |
|  BradyPlus Holdings LLC 2025 Term Loan B<br>7.17% (3 mo. USD Term SOFR + 3.500%)<sup>(4)</sup> | 12/29/32 | 150000 | 149374 |
|  **Retail — 1.9%** | **Retail — 1.9%** | **Retail — 1.9%** | **Retail — 1.9%** |
|  Peer Holding III BV 2025 USD Term Loan B<br>5.92% (3 mo. USD Term SOFR + 2.250%)<sup>(4)</sup> | 09/29/32 | 250000 | 250391 |
|  Tacala LLC 2025 Repriced Term Loan B<br>6.67% (1 mo. USD Term SOFR + 3.000%)<sup>(4)</sup> | 01/31/31 | 248747 | 249680 |
|  Thermostat Purchaser III, Inc. 2024 Term Loan B<br>7.92% (3 mo. USD Term SOFR + 4.250%)<sup>(4)</sup> | 08/31/28 | 248749 | 246681 |
|  |  |  | 746752 |
|  **Software — 4.6%** | **Software — 4.6%** | **Software — 4.6%** | **Software — 4.6%** |
|  Boxer Parent Co., Inc. 2025 USD Term Loan B<br>0.00%<sup>(6)</sup> | 07/30/31 | 100000 | 96500 |
|  Cast & Crew Payroll LLC 2021 Incremental Term Loan<br>7.42% (1 mo. USD Term SOFR + 3.750%)<sup>(4)</sup> | 12/29/28 | 123393 | 77583 |
|  Cloud Software Group, Inc. 2025 Term Loan B (2031)<br>6.92% (3 mo. USD Term SOFR + 3.250%)<sup>(4)</sup> | 03/21/31 | 248128 | 241305 |
|  Cloudera, Inc. 2021 Term Loan<br>7.52% (1 mo. USD Term SOFR + 3.750%)<sup>(4)</sup> | 10/08/28 | 100000 | 86334 |
|  DTI Holdco, Inc. 2025 Term Loan B<br>7.67% (1 mo. USD Term SOFR + 4.000%)<sup>(4)</sup> | 04/26/29 | 90541 | 85066 |
|  Open Text Corp. 2023 Term Loan B<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(4)</sup> | 01/31/30 | 317122 | 312981 |
|  Planview Parent, Inc. 2024 1st Lien Term Loan<br>0.00%<sup>(6)</sup> | 12/17/27 | 100000 | 89416 |
|  Playtika Holding Corp. 2021 Term Loan B1<br>0.00%<sup>(6)</sup> | 03/13/28 | 100000 | 97269 |
|  Project Alpha Intermediate Holding, Inc. 2024 1st Lien Term Loan B<br>6.92% (3 mo. USD Term SOFR + 3.250%)<sup>(4)</sup> | 10/26/30 | 248116 | 231369 |
|  Quartz Acquireco LLC 2025 Term Loan B<br>0.00%<sup>(6)</sup> | 06/28/30 | 100000 | 97000 |
|  Renaissance Holding Corp. 2024 1st Lien Term Loan<br>7.67% (3 mo. USD Term SOFR + 4.000%)<sup>(4)</sup> | 04/05/30 | 246851 | 209824 |
|  SolarWinds Holdings, Inc. 2025 Term Loan<br>7.70% (3 mo. USD Term SOFR + 4.000%)<sup>(4)</sup> | 04/16/32 | 124688 | 115959 |
|  Tuple U.S. Bidco LLC Term Loan B<br>0.00%<sup>(6)</sup> | 01/14/33 | 100000 | 99000 |
|  |  |  | 1839606 |
|  **Telecommunications — 0.2%** | **Telecommunications — 0.2%** | **Telecommunications — 0.2%** | **Telecommunications — 0.2%** |
|  GOGO Intermediate Holdings LLC Term Loan B 0.00%<sup>(6)</sup> | 04/30/28 | 100000 | 89175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Bank Loans** (Cost: $13,442,578) |  |  | 13135220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Fixed Income Securities** (Cost: $39,185,725) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Fixed Income Securities** (Cost: $39,185,725) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Fixed Income Securities** (Cost: $39,185,725) | 39370519 |
|  **CONVERTIBLE SECURITIES — 0.1%** |  |  |  |
|  **CONVERTIBLE CORPORATE BONDS — 0.1%** |  |  |  |
|  **Commercial Services — 0.1%** |  |  |  |
|  Worldline SA (France) 0.00%<sup>(2),(7)</sup> | 07/30/26 | 25594 | 30378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Convertible Securities** (Cost: $26,330) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Convertible Securities** (Cost: $26,330) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Convertible Securities** (Cost: $26,330) | 30378 |
|  |  | **Shares** |  |
|  **COMMON STOCK — 0.2%** | **COMMON STOCK — 0.2%** | **COMMON STOCK — 0.2%** | **COMMON STOCK — 0.2%** |
|  **Beverages — 0.1%** | **Beverages — 0.1%** | **Beverages — 0.1%** | **Beverages — 0.1%** |
|  Luxco Co. Ltd.<sup>(8)</sup> | Luxco Co. Ltd.<sup>(8)</sup> | 1312 | 25219 |
|  **Health Care-Services — 0.1%** | **Health Care-Services — 0.1%** | **Health Care-Services — 0.1%** | **Health Care-Services — 0.1%** |
|  ModivCare, Inc.<sup>(8)</sup> | ModivCare, Inc.<sup>(8)</sup> | 5853 | 39019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stock** (Cost: $61,287) |  |  | 64238 |
|  **MONEY MARKET INVESTMENTS — 1.7%** | **MONEY MARKET INVESTMENTS — 1.7%** | **MONEY MARKET INVESTMENTS — 1.7%** | **MONEY MARKET INVESTMENTS — 1.7%** |
|  TCW Central Cash Fund, 3.65%<sup>(9),(10)</sup> | TCW Central Cash Fund, 3.65%<sup>(9),(10)</sup> | 690341 | 690341 |
|  **Total Money Market Investments** (Cost: $690,341) |  |  | 690341 |
|  **Total Investments (100.7%)** (Cost: $39,963,683) | **Total Investments (100.7%)** (Cost: $39,963,683) | **Total Investments (100.7%)** (Cost: $39,963,683) | 40155476 |
|  **Net unrealized depreciation on unfunded commitments<sup>(11)</sup> (0.0%)** |  |  | 49 |
|  **Liabilities In Excess Of Other Assets (-0.7%)** | **Liabilities In Excess Of Other Assets (-0.7%)** | **Liabilities In Excess Of Other Assets (-0.7%)** | (261990) |
|  **Net Assets (100.0%)** |  |  | $39893535 |

---

------

---

| |
|:---|
| **TCW Multisector Credit Income ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  **FORWARD CURRENCY EXCHANGE CONTRACTS** | **FORWARD CURRENCY EXCHANGE CONTRACTS** | **FORWARD CURRENCY EXCHANGE CONTRACTS** | **FORWARD CURRENCY EXCHANGE CONTRACTS** | **FORWARD CURRENCY EXCHANGE CONTRACTS** | **FORWARD CURRENCY EXCHANGE CONTRACTS** | **FORWARD CURRENCY EXCHANGE CONTRACTS** |
| **Counterparty** | **Contracts to<br>Deliver** | **Units of<br>Currency** | **Settlement<br>Date** | **In Exchange<br>for USD** | **Contracts<br>at Value** | **Unrealized<br>Appreciation<br>(Depreciation)** |
|  **SELL<sup>(12)</sup>** |  |  |  |  |  |  |
|  Citibank N.A. | EUR | 376757 | 04/01/26 | $443583 | $447788 | $(4205) |
|  |  |  |  | $443583 | $447788 | $(4205) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** |
| **Number of<br>Contracts** | **Type** | **Expiration<br>Date** | **Notional** | **Market Value** | **Net<br>Unrealized<br>Appreciation**<br>**(Depreciation)** |
|  **Short Futures** | **Short Futures** | **Short Futures** | **Short Futures** | **Short Futures** | **Short Futures** |
| 4 | 10-Year U.S. Treasury Note Futures | 03/20/26 | $(459430) | $(456625) | $2805 |
| 12 | 5-Year U.S. Treasury Note Futures | 03/31/26 | (1310997) | (1307156) | 3841 |
| 3 | Euro-Bobl Futures | 03/06/26 | (412284) | (414671) | (2387) |
|  |  |  | $**(2182711)** | $**(2178452)** | $**4259** |

---

---

| | |
|:---|:---|
| **Notes to the Schedule of Investments:** | **Notes to the Schedule of Investments:** |
| CLO | Collateralized Loan Obligation. |
| PAC | Planned Amortization Class. |
| PIK | Payment In Kind. |
| REIT | Real Estate Investment Trust. |
| SOFR | Secured Overnight Financing Rate. |
| EUR | Euro Currency. |
| (1) | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold, normally only to qualified institutional buyers. At January 31, 2026, the value of these securities amounted to $16,397,681 or 41.1% of net assets. These securities are determined to be liquid by the Fund's investment advisor, unless otherwise noted, under procedures established by and under the general supervision of the Company's Board of Directors. |
| (2) | Investments issued under Regulation S of the Securities Act of 1933, as amended, may not be offered, sold, or delivered within the United States except under special exemptions. At January 31, 2026, the value of these securities amounted to $5,672,270 or 14.2% of net assets. |
| (3) | Perpetual maturity. |
| (4) | Floating or variable rate security. The interest shown reflects the rate in effect at January 31, 2026. |
| (5) | This security is purchased on a when-issued, delayed-delivery or forward commitment basis. |
| (6) | This position represents an unsettled bank loan at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which will be adjusted on settlement date. |
| (7) | Security is not accruing interest. |
| (8) | Non-income producing security. |
| (9) | Rate disclosed is the 7-day net yield as of January 31, 2026. |
| (10) | Affiliated issuer. |
| (11) | Unfunded or partially unfunded loan commitments. The Portfolio may enter into certain credit agreements for which all or a portion may be unfunded. The Portfolio is obligated to fund these commitments at the borrower's discretion. |
| (12) | Fund sells foreign currency, buys USD. |
| (13) | Security is currently in default due to bankruptcy or failure to make payment of principal or interest of the issuer. Income is not being accrued. |
| (14) | Restricted security. |

---

------

---

| |
|:---|
| **TCW Multisector Credit Income ETF** |
| SCHEDULE OF INVESTMENTS (Continued) |

---

The summary of the TCW Multisector Credit Income ETF transactions in the affiliated funds for the period ended January 31, 2026 is as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name of Affiliated Fund** | **Value at<br>October 31,<br>2025** | **Purchases at<br>Cost** | **Proceeds from<br>Sales** | **Number of<br>Shares Held<br>January 31,<br>2026** | **Value at<br>January 31,<br>2026** | **Dividends and<br>Interest Income<br>Received** | **Distributions<br>Received from<br>Net Realized<br>Gain** | **Net change in<br>Unrealized Gain<br>(Loss) on<br>Investments** |
|  TCW Central Cash Fund | $3462341 | $10740000 | $13512000 | 690341 | $690341 | $9795 | $– $– $|  |
|  Total |  |  |  |  | $690341 | $9795 | $– $– $|  |

---

------

---

| | |
|:---|:---|
| **TCW Multisector Credit Income ETF** |  |
| Fair Valuation Summary (Unaudited) | January 31, 2026 |

---

The following is a summary of the fair valuations according to the inputs used as of January 31, 2026 in valuing the Fund's investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Quoted Prices in<br>Active Markets for<br>Identical Assets**<br>**(Level 1)** | **Other Significant<br>Observable Inputs**<br>**(Level 2)** | **Significant<br>Unobservable Inputs**<br>**(Level 3)** | **Total** |
|  Fixed Income Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds | $— | $18625826 | $— | $18625826 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank Loans |  | 13135220 |  | 13135220 |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign Government Bonds |  | 5882278 |  | 5882278 |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed Securities |  | 1727195 |  | 1727195 |
|  Total Fixed Income Securities |  | 39370519 |  | 39370519 |
|  Convertible Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Convertible Corporate Bonds |  | 30378 |  | 30378 |
|  Equity Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Money Market Investments | 690341 |  |  | 690341 |
| &nbsp;&nbsp;&nbsp;&nbsp; Common Stock | 25219 | 39019 |  | 64238 |
|  Total Equity Securities | 715560 | 39019 |  | 754579 |
|  Net Unrealized Appreciation (Depreciation) on Unfunded Commitments | $— | $49 | $— | $49 |
|  Total Investments | $715560 | $39439965 | $— | $40155525 |
|  Asset Derivatives |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Risk | 6646 |  |  | 6646 |
|  Total | $722206 | $39439965 | $— | $40162171 |
|  Liability Derivatives |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Risk | $(2387) | $— | $— | $(2387) |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Currency Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Risk |  | (4205) |  | (4205) |
|  Total | $(2387) | $(4205) | $— | $(6592) |

---

------

---

| |
|:---|
| **TCW Senior Loan ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **FIXED INCOME SECURITIES — 96.6% of Net Assets** | **FIXED INCOME SECURITIES — 96.6% of Net Assets** | **FIXED INCOME SECURITIES — 96.6% of Net Assets** | **FIXED INCOME SECURITIES — 96.6% of Net Assets** |
|  **BANK LOANS** — **93.7%** | **BANK LOANS** — **93.7%** | **BANK LOANS** — **93.7%** | **BANK LOANS** — **93.7%** |
|  **Advertising — 1.5%** | **Advertising — 1.5%** | **Advertising — 1.5%** | **Advertising — 1.5%** |
|  Advantage Sales & Marketing, Inc. 2024 Term Loan<br>8.16% (3 mo. USD Term SOFR + 4.250%)<sup>(1)</sup> | 10/28/27 | $1091365 | $926143 |
|  Neptune Bidco U.S., Inc. 2026 USD Term Loan B<br>0.00%<sup>(2)</sup> | 01/28/33 | 706868 | 697884 |
|  Outfront Media Capital LLC 2025 Term Loan B<br>5.67% (1 mo. USD Term SOFR + 2.000%)<sup>(1)</sup> | 09/24/32 | 748893 | 753341 |
|  Research Now Group, Inc. 2024 First Lien First Out Term Loan<br>9.14% (3 mo. USD Term SOFR + 5.000%)<sup>(1)</sup> | 07/15/28 | 957522 | 952734 |
|  Wasserman Media Group LLC Repriced Term Loan B<br>6.17% (1 mo. USD Term SOFR + 2.500%)<sup>(1)</sup> | 06/23/32 | 257998 | 258321 |
|  |  |  | 3588423 |
|  **Aerospace & Defense — 0.9%** | **Aerospace & Defense — 0.9%** | **Aerospace & Defense — 0.9%** | **Aerospace & Defense — 0.9%** |
|  Air Comm Corp. LLC 2025 Term Loan<br>6.57% (3 mo. USD Term SOFR + 2.750%)<sup>(1)</sup> | 12/11/31 | 333305 | 334277 |
|  HDI Aerospace Intermediate Holding III Corp. Term Loan B<br>7.40% (3 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 02/11/32 | 1230038 | 1238495 |
|  TransDigm, Inc. 2025 Term Loan M<br>6.17% (1 mo. USD Term SOFR + 2.500%)<sup>(1)</sup> | 08/19/32 | 498750 | 498939 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;2071711 |
|  **Agriculture — 0.2%** | **Agriculture — 0.2%** | **Agriculture — 0.2%** | **Agriculture — 0.2%** |
|  Alltech, Inc. 2025 Term Loan<br>8.04% (1 mo. USD Term SOFR + 4.250%)<sup>(1)</sup> | 08/13/30 | 545482 | 549576 |
|  **Airlines — 0.7%** | **Airlines — 0.7%** | **Airlines — 0.7%** | **Airlines — 0.7%** |
|  Air Canada 2024 Term Loan B<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 03/21/31 | 503232 | 504112 |
|  United Airlines, Inc. 2024 1st Lien Term Loan B<br>5.67% (1 mo. USD Term SOFR + 2.000%)<sup>(1)</sup> | 02/22/31 | 1065941 | 1069049 |
|  |  |  | 1573161 |
|  **Apparel — 0.7%** | **Apparel — 0.7%** | **Apparel — 0.7%** | **Apparel — 0.7%** |
|  ABG Intermediate Holdings 2 LLC 2024 1st Lien Term Loan B<br>5.92% (1 mo. USD Term SOFR + 2.250%)<sup>(1)</sup> | 12/21/28 | 1172727 | 1173530 |
|  WH Borrower LLC 2025 Term Loan B<br>8.39% (3 mo. USD Term SOFR + 4.500%)<sup>(1)</sup> | 02/20/32 | 496253 | 498114 |
|  |  |  | 1671644 |
|  **Auto Parts & Equipment — 0.0%** | **Auto Parts & Equipment — 0.0%** | **Auto Parts & Equipment — 0.0%** | **Auto Parts & Equipment — 0.0%** |
|  First Brands Group LLC 2021 Term Loan<br>9.57% (3 mo. USD Term SOFR + 5.000%)<sup>(1)</sup> | 03/30/27 | 472296 | 2638 |
|  First Brands Group LLC 2025 PIK DIP Roll-Up Term Loan B<br>10.69% (1 mo. USD Term SOFR + 7.000%)<sup>(1)</sup> | 06/29/26 | 541723 | 4269 |
|  |  |  | 6907 |
|  **Banks — 0.1%** | **Banks — 0.1%** | **Banks — 0.1%** | **Banks — 0.1%** |
|  Chrysaor Bidco SARL 2025 USD Term Loan B<br>6.90% (3 mo. USD Term SOFR + 3.250%) | 10/30/31 | 286595 | 288171 |
|  **Beverages — 2.5%** | **Beverages — 2.5%** | **Beverages — 2.5%** | **Beverages — 2.5%** |
|  Arterra Wines Canada, Inc. 2020 Term Loan<br>7.43% (3 mo. USD Term SOFR + 3.500%)<sup>(1)</sup> | 11/24/27 | 1387990 | 1368038 |
|  Naked Juice LLC 2025 FLFO Term Loan<br>9.17% (3 mo. USD Term SOFR + 5.500%)<sup>(1)</sup> | 01/24/29 | 1508853 | 1504357 |
|  Pegasus BidCo BV 2025 USD Repriced Term Loan B<br>6.60% (3 mo. USD Term SOFR + 2.750%)<sup>(1)</sup> | 07/12/29 | 1336953 | 1341967 |
|  Primo Brands Corp. 2025 Term Loan B<br>5.92% (3 mo. USD Term SOFR + 2.250%)<sup>(1)</sup> | 03/31/28 | 1734984 | 1737517 |
|  |  |  | 5951879 |
|  **Biotechnology — 0.9%** | **Biotechnology — 0.9%** | **Biotechnology — 0.9%** | **Biotechnology — 0.9%** |
|  BioMarin Pharmaceutical, Inc. Term Loan B<br>0.00%<sup>(2)</sup> | 01/28/33 | 712704 | 714486 |
|  Genmab AS Term Loan B<br>8.75% (3 mo. USD Term SOFR + 2.000%)<sup>(1)</sup> | 12/13/32 | 1328204 | 1334725 |
|  |  |  | 2049211 |
|  **Building Materials — 0.4%** | **Building Materials — 0.4%** | **Building Materials — 0.4%** | **Building Materials — 0.4%** |
|  Gibraltar Industries, Inc. 2026 Term Loan B<br>0.00%<sup>(2)</sup> | 01/29/33 | 349824 | 350699 |
|  Groundworks LLC 2024 Term Loan<br>0.00%<sup>(1),(2)</sup> | 03/14/31 | 500000 | 501327 |
|  Standard Industries, Inc. 2021 Term Loan B<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 09/22/28 | 157291 | 157950 |
|  |  |  | 1009976 |
|  **Chemicals — 1.0%** | **Chemicals — 1.0%** | **Chemicals — 1.0%** | **Chemicals — 1.0%** |
|  Archroma Finance SARL 2023 USD Term Loan B2A<br>9.20% (6 mo. USD Term SOFR + 5.500%)<sup>(1)</sup> | 06/30/27 | 1173141 | 1049228 |

---

------

---

| |
|:---|
| **TCW Senior Loan ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Principal<br>Amount** | **Value** | **Value** |
|  **Chemicals (Continued)** | **Chemicals (Continued)** | **Chemicals (Continued)** | **Chemicals (Continued)** | **Chemicals (Continued)** | **Chemicals (Continued)** |
|  Ineos U.S. Finance LLC 2021 USD Term Loan B<br>0.00%<sup>(2)</sup> | 11/08/28 | $| 291667 | $| 240771 |
|  Mativ Holdings, Inc. Delayed Draw Term Loan A<br>6.27% (1 mo. USD Term SOFR + 2.500%)<sup>(1)</sup> | 05/06/27 |  | 1112320 |  | 1101197 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;2391196 |
|  **Commercial Services — 12.9%** | **Commercial Services — 12.9%** | **Commercial Services — 12.9%** | **Commercial Services — 12.9%** | **Commercial Services — 12.9%** | **Commercial Services — 12.9%** |
|  Albion Financing 3 SARL 2025 USD Term Loan<br>6.87% (3 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 05/21/31 |  | 528054 |  | 526652 |
|  Allied Universal Holdco LLC 2025 USD Term Loan B<br>6.92% (1 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 08/20/32 |  | 628425 |  | 630361 |
|  Amspec Parent LLC 2025 Term Loan<br>7.17% (3 mo. USD Term SOFR + 3.500%)<sup>(1)</sup> | 12/22/31 |  | 1443040 |  | 1446648 |
|  APi Group DE, Inc. 2025 Term Loan<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 01/03/29 |  | 955701 |  | 959185 |
|  Archkey Solutions LLC 2024 Term Loan B<br>7.92% (3 mo. USD Term SOFR + 4.250%)<sup>(1)</sup> | 11/01/31 |  | 1054624 |  | 1065666 |
|  ASP Dream Acquisition Co. LLC Term Loan B<br>8.02% (1 mo. USD Term SOFR + 4.250%)<sup>(1)</sup> | 12/15/28 |  | 875412 |  | 835288 |
|  Astro Acquisition LLC 2025 Term Loan B<br>7.12% (6 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 08/30/32 |  | 598500 |  | 601492 |
|  Belron Finance 2019 LLC 2025 Repriced Term Loan B<br>6.12% (3 mo. USD Term SOFR + 2.250%)<sup>(1)</sup> | 10/16/31 |  | 970691 |  | 975059 |
|  Berkeley Research Group LLC Term Loan B<br>6.92% (3 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 05/01/32 |  | 556438 |  | 556238 |
|  CCRR Parent, Inc. Term Loan B<br>8.33% (3 mo. USD Term SOFR + 4.250%)<sup>(1)</sup> | 03/06/28 |  | 830199 |  | 214075 |
|  Element Materials Technology Group U.S. Holdings, Inc. 2022 USD Term Loan<br>7.35% (3 mo. USD Term SOFR + 3.675%)<sup>(1)</sup> | 07/06/29 |  | 802147 |  | 806494 |
|  Ensemble RCM LLC 2024 Term Loan B<br>6.67% (3 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 08/01/29 |  | 1537083 |  | 1526277 |
|  Ensemble RCM LLC 2026 Term Loan B<br>0.00%<sup>(2)</sup> | 01/28/33 |  | 650000 |  | 644312 |
|  Fugue Finance BV 2025 Repriced Term Loan<br>6.57% (3 mo. USD Term SOFR + 2.750%)<sup>(1)</sup> | 01/09/32 |  | 783763 |  | 779844 |
|  Herc Holdings, Inc. Repriced Term Loan B<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 06/02/32 |  | 1195946 |  | 1199934 |
|  Inspired Education U.S. Holdings, Inc. 2026 USD Term Loan B<br>0.00%<sup>(2)</sup> | 02/28/31 |  | 485879 |  | 484664 |
|  ION Platform Finance U.S., Inc. USD Term Loan<br>7.42% (3 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 10/07/32 |  | 550000 |  | 491794 |
|  Kelso Industries LLC Term Loan<br>9.57% (3 mo. USD Term SOFR + 5.750%)<sup>(1)</sup> | 12/30/29 |  | 1450095 |  | 1457345 |
|  Learning Care Group U.S. No. 2, Inc. 2024 Term Loan B<br>7.84% (3 mo. USD Term SOFR + 4.000%)<sup>(1)</sup> | 08/11/28 |  | 1208333 |  | 918333 |
|  Lernen Bidco Ltd. 2025 USD Term Loan B3<br>7.41% (6 mo. USD Term SOFR + 3.500%)<sup>(1)</sup> | 10/27/31 |  | 1241270 |  | 1243858 |
|  Nuvei Technologies Corp. 2025 Repriced Term Loan B<br>6.17% (1 mo. USD Term SOFR + 2.500%)<sup>(1)</sup> | 11/17/31 |  | 1158940 |  | 1151279 |
|  Prime Security Services Borrower LLC 2024 1st Lien Term Loan B<br>5.69% (1 mo. USD Term SOFR + 2.000%)<sup>(1)</sup> | 10/13/30 |  | 556222 |  | 555874 |
|  Prime Security Services Borrower LLC 2025 Incremental Term Loan B<br>5.44% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 03/07/32 |  | 497494 |  | 495733 |
|  Priority Holdings LLC 2025 Term Loan B<br>7.42% (1 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 07/30/32 |  | 1094747 |  | 1076684 |
|  Prometric Holdings, Inc. 2025 Term Loan B<br>7.42% (1 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 06/25/32 |  | 998375 |  | 1001285 |
|  Raven Acquisition Holdings LLC Term Loan B<br>0.00%<sup>(2)</sup> | 11/19/31 |  | 185267 |  | 183669 |
|  Sabert Corp. 2024 Term Loan B<br>6.79% (1 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 12/10/26 |  | 1509986 |  | 1512817 |
|  Secretariat Advisors LLC 2025 Term Loan B<br>7.67% (3 mo. USD Term SOFR + 4.000%) | 02/28/32 |  | 1230249 |  | 1234094 |
|  TruGreen LP 2020 2nd Lien Term Loan<br>12.43% (3 mo. USD Term SOFR + 8.500%)<sup>(1)</sup> | 11/02/28 |  | 500000 |  | 464845 |
|  TTF Holdings LLC 2024 Term Loan<br>7.79% (6 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 07/18/31 |  | 958187 |  | 728222 |
|  United Rentals, Inc. 2025 Repriced Term Loan B<br>5.17% (1 mo. USD Term SOFR + 1.500%)<sup>(1)</sup> | 02/14/31 |  | 497468 |  | 499583 |

---

------

---

| |
|:---|
| **TCW Senior Loan ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Principal<br>Amount** | **Value** | **Value** |
|  **Commercial Services (Continued)** | **Commercial Services (Continued)** | **Commercial Services (Continued)** | **Commercial Services (Continued)** | **Commercial Services (Continued)** | **Commercial Services (Continued)** |
|  United Talent Agency LLC 2025 Repriced Term Loan B<br>6.68% (1 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 06/10/32 | $| 1479981 | $| 1483681 |
|  Valvoline, Inc. Term Loan B<br>5.70% (1 mo. USD Term SOFR + 2.000%)<sup>(1)</sup> | 12/01/32 |  | 549580 |  | 553188 |
|  Veritiv Corp. Term Loan B<br>7.67% (3 mo. USD Term SOFR + 4.000%)<sup>(1)</sup> | 12/02/30 |  | 736137 |  | 722427 |
|  Vistage Worldwide, Inc. Term Loan<br>7.42% (3 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 07/13/29 |  | 1237212 |  | 1236829 |
|  VT Topco, Inc. 2024 1st Lien Term Loan B<br>0.00%<sup>(2)</sup> | 08/09/30 |  | 134000 |  | 130440 |
|  XPLOR T1 LLC 2025 Term Loan<br>7.29% (3 mo. USD Term SOFR + 3.500%)<sup>(1)</sup> | 12/01/32 |  | 527405 |  | 518176 |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;30912345 |
|  **Computers — 4.4%** | **Computers — 4.4%** | **Computers — 4.4%** | **Computers — 4.4%** | **Computers — 4.4%** | **Computers — 4.4%** |
|  Amentum Government Services Holdings LLC 2024 Term Loan B<br>5.67% (1 mo. USD Term SOFR + 2.000%)<sup>(1)</sup> | 09/29/31 |  | 507014 |  | 507648 |
|  Clover Holdings 2 LLC Term Loan B<br>7.67% (1 mo. USD Term SOFR + 4.000%)<sup>(1)</sup> | 12/09/31 |  | 1358105 |  | 1337733 |
|  Cyberswift U.S. Finco LLC Term Loan B<br>7.65% (3 mo. USD Term SOFR + 4.000%)<sup>(1)</sup> | 10/08/32 |  | 1222722 |  | 1189097 |
|  Imprivata, Inc. 2025 Term Loan B<br>6.67% (3 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 12/01/27 |  | 998074 |  | 998853 |
|  McAfee LLC 2024 USD 1st Lien Term Loan B<br>6.67% (1 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 03/01/29 |  | 1158338 |  | 1029472 |
|  NCR Atleos LLC 2025 Term Loan B<br>6.70% (3 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 04/16/29 |  | 1189689 |  | 1177792 |
|  Nielsen Consumer, Inc. 2025 USD 1st Lien Term Loan<br>5.92% (1 mo. USD Term SOFR + 2.250%)<sup>(1)</sup> | 10/31/30 |  | 410794 |  | 408227 |
|  Peraton Corp. Term Loan B<br>7.52% (3 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 02/01/28 |  | 575942 |  | 533106 |
|  Surf Holdings LLC 2025 Incremental Term Loan<br>7.29% (1 mo. USD Term SOFR + 3.500%)<sup>(1)</sup> | 03/05/27 |  | 1484952 |  | 1474468 |
|  Tempo Acquisition LLC 2025 Repriced Term Loan B<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 08/31/28 |  | 1208803 |  | 1112770 |
|  X Corp. 2025 Fixed Term Loan<br>9.50% | 10/26/29 |  | 500000 |  | 518375 |
|  X Corp. Term Loan<br>10.42% (3 mo. USD Term SOFR + 6.500%) | 10/26/29 |  | 305966 |  | 305934 |
|  |  |  |  |  | 10593475 |
|  **Cosmetics/Personal Care — 0.7%** | **Cosmetics/Personal Care — 0.7%** | **Cosmetics/Personal Care — 0.7%** | **Cosmetics/Personal Care — 0.7%** | **Cosmetics/Personal Care — 0.7%** | **Cosmetics/Personal Care — 0.7%** |
|  ACP Tara Holdings, Inc. 2025 Term Loan B<br>6.97% (3 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 12/15/32 |  | 671524 |  | 675721 |
|  Opal Bidco SAS USD Term Loan B4<br>6.69% (3 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 04/28/32 |  | 1122188 |  | 1123478 |
|  |  |  |  |  | 1799199 |
|  **Distribution & Wholesale — 0.5%** | **Distribution & Wholesale — 0.5%** | **Distribution & Wholesale — 0.5%** | **Distribution & Wholesale — 0.5%** | **Distribution & Wholesale — 0.5%** | **Distribution & Wholesale — 0.5%** |
|  BCPE Empire Holdings, Inc. 2025 Term Loan B<br>6.92% (1 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 12/11/30 |  | 498741 |  | 497027 |
|  Gloves Buyer, Inc. 2025 Term Loan<br>7.67% (1 mo. USD Term SOFR + 4.000%)<sup>(1)</sup> | 05/21/32 |  | 498750 |  | 496984 |
|  Resideo Funding, Inc. 2024 1st Lien Term Loan B<br>5.68% (1 mo. USD Term SOFR + 2.000%)<sup>(1)</sup> | 02/11/28 |  | 292778 |  | 292871 |
|  |  |  |  |  | 1286882 |
|  **Diversified Financial Services — 3.0%** | **Diversified Financial Services — 3.0%** | **Diversified Financial Services — 3.0%** | **Diversified Financial Services — 3.0%** | **Diversified Financial Services — 3.0%** | **Diversified Financial Services — 3.0%** |
|  Avolon TLB Borrower 1 U.S. LLC 2023 Term Loan B6<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 06/24/30 |  | 982575 |  | 987846 |
|  Blackhawk Network Holdings, Inc. 2025 Term Loan B<br>7.67% (3 mo. USD Term SOFR + 4.000%)<sup>(1)</sup> | 03/12/29 |  | 982547 |  | 984797 |
|  Corpay Technologies Operating Co. LLC Term Loan B5<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 04/28/28 |  | 1608057 |  | 1609786 |
|  Delos Aircraft DAC Term Loan<br>5.42% (3 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 10/31/27 |  | 333333 |  | 335417 |
|  Guggenheim Partners LLC 2024 Term Loan B<br>6.17% (3 mo. USD Term SOFR + 2.500%)<sup>(1)</sup> | 11/26/31 |  | 977006 |  | 979449 |
|  Jane Street Group LLC 2024 Term Loan B1<br>5.82% (3 mo. USD Term SOFR + 2.000%)<sup>(1)</sup> | 12/15/31 |  | 1984334 |  | 1972428 |
|  Setanta Aircraft Leasing DAC 2024 Term Loan B<br>5.42% (3 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 11/05/28 |  | 420583 |  | 422920 |
|  |  |  |  |  | 7292643 |

---

------

---

| |
|:---|
| **TCW Senior Loan ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **Electric — 2.9%** | **Electric — 2.9%** | **Electric — 2.9%** | **Electric — 2.9%** |
|  Alpha Generation LLC Term Loan B<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 09/30/31 | $371547 | $371617 |
|  Astoria Energy LLC 2025 Term Loan B<br>5.92% (3 mo. USD Term SOFR + 2.250%)<sup>(1)</sup> | 06/23/32 | 491761 | 493873 |
|  Carroll County Energy LLC 2025 Repriced Term Loan<br>6.42% (3 mo. USD Term SOFR + 2.750%)<sup>(1)</sup> | 06/30/31 | 517326 | 521724 |
|  Compass Power Generation LLC 2025 Term Loan B<br>6.92% (1 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 04/14/29 | 1443824 | 1453570 |
|  Cornerstone Generation LLC Term Loan B<br>6.92% (3 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 08/11/32 | 1204607 | 1215400 |
|  Potomac Energy Center LLC 2025 Term Loan<br>6.67% (3 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 08/05/32 | 712411 | 717162 |
|  South Field LLC 2025 1st Lien Term Loan B<br>6.67% (3 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 08/29/31 | 672918 | 677682 |
|  South Field LLC 2025 1st Lien Term Loan C<br>6.67% (3 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 08/29/31 | 40671 | 40959 |
|  Talen Energy Supply LLC 2023 Term Loan B<br>6.35% (3 mo. USD Term SOFR + 2.500%)<sup>(1)</sup> | 05/17/30 | 269286 | 269766 |
|  Vistra Operations Co. LLC 1st Lien Term Loan B3<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 12/20/30 | 1145550 | 1148683 |
|  |  |  | 6910436 |
|  **Electrical Components & Equipment — 1.0%** | **Electrical Components & Equipment — 1.0%** | **Electrical Components & Equipment — 1.0%** | **Electrical Components & Equipment — 1.0%** |
|  AZZ, Inc. Term Loan B<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 05/13/29 | 523355 | 526027 |
|  Energizer Holdings, Inc. 2025 Term Loan B<br>5.67% (1 mo. USD Term SOFR + 2.000%)<sup>(1)</sup> | 03/19/32 | 222587 | 222587 |
|  Pelican Products, Inc. 2021 Term Loan<br>8.18% (3 mo. USD Term SOFR + 4.250%)<sup>(1)</sup> | 12/29/28 | 1704119 | 1600466 |
|  |  |  | 2349080 |
|  **Electronics — 1.3%** | **Electronics — 1.3%** | **Electronics — 1.3%** | **Electronics — 1.3%** |
|  Coherent Corp. 2025 Term Loan B2<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 07/02/29 | 685758 | 689187 |
|  Lsf12 Crown U.S. Commercial Bidco LLC 2026 Term Loan B<br>6.68% (1 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 12/02/31 | 984480 | 987556 |
|  TCP Sunbelt Acquisition Co. 2024 Term Loan B<br>8.07% (3 mo. USD Term SOFR + 4.250%)<sup>(1)</sup> | 10/24/31 | 1485000 | 1491504 |
|  |  |  | 3168247 |
|  **Energy-Alternate Sources — 0.4%** | **Energy-Alternate Sources — 0.4%** | **Energy-Alternate Sources — 0.4%** | **Energy-Alternate Sources — 0.4%** |
|  Oregon Clean Energy LLC 2024 1st Lien Term Loan B<br>7.17% (3 mo. USD Term SOFR + 3.500%)<sup>(1)</sup> | 07/12/30 | 1011334 | 1017867 |
|  **Engineering & Construction — 3.9%** | **Engineering & Construction — 3.9%** | **Engineering & Construction — 3.9%** | **Engineering & Construction — 3.9%** |
|  Astrion Group LLC 2024 Term Loan<br>8.67% (3 mo. USD Term SOFR + 5.000%)<sup>(1)</sup> | 08/29/31 | 1391126 | 1078123 |
|  DG Investment Intermediate Holdings 2, Inc. 2025 Term Loan<br>6.92% (1 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 07/09/32 | 856308 | 859874 |
|  Dycom Industries, Inc. 2026 Term Loan B<br>0.00%<sup>(2)</sup> | 01/20/33 | 1500000 | 1504695 |
|  Holding Socotec SAS 2025 USD Term Loan B<br>6.91% (3 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 06/02/31 | 1433985 | 1440259 |
|  ITG Communications LLC Term Loan B<br>8.42% (1 mo. USD Term SOFR + 4.750%)<sup>(1)</sup> | 07/09/31 | 1405000 | 1364016 |
|  Legence Holdings LLC 2025 Repriced Term Loan B<br>5.92% (1 mo. USD Term SOFR + 2.250%)<sup>(1)</sup> | 12/16/31 | 817708 | 821490 |
|  SBA Senior Finance II LLC 2024 Term Loan B<br>5.43% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 01/25/31 | 1733002 | 1740497 |
|  Socotec U.S. Holding, Inc. 2026 USD Repriced Term Loan<br>0.00%<sup>(2)</sup> | 06/02/31 | 500180 | 502368 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9311322 |
|  **Entertainment — 6.8%** | **Entertainment — 6.8%** | **Entertainment — 6.8%** | **Entertainment — 6.8%** |
|  Allwyn Entertainment Financing U.S. LLC 2025 1st Lien Term Loan B<br>6.17% (3 mo. USD Term SOFR + 2.500%) | 11/24/32 | 850000 | 835393 |
|  Banijay Entertainment SAS 2025 USD Term Loan B3<br>6.44% (1 mo. USD Term SOFR + 2.750%)<sup>(1)</sup> | 03/01/28 | 959961 | 965481 |
|  Betclic Everest Group SAS 2026 USD Term Loan B<br>0.00%<sup>(2)</sup> | 12/10/31 | 512000 | 513388 |
|  Churchill Downs, Inc. 2021 Incremental Term Loan B1<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 03/17/28 | 494805 | 495889 |

---

------

---

| |
|:---|
| **TCW Senior Loan ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Principal<br>Amount** | **Value** | **Value** |
|  **Entertainment (Continued)** | **Entertainment (Continued)** | **Entertainment (Continued)** | **Entertainment (Continued)** | **Entertainment (Continued)** | **Entertainment (Continued)** |
|  City Football Group Ltd. 2024 Term Loan<br>6.93% (3 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 07/22/30 | $| 1245496 | $| 1243553 |
|  Delta 2 Lux SARL 2024 Term Loan B1<br>5.42% (3 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 09/30/31 |  | 366667 |  | 367068 |
|  DK Crown Holdings, Inc. 2025 Term Loan B<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 03/04/32 |  | 1240625 |  | 1243143 |
|  EOC Borrower LLC Term Loan A<br>7.42% (1 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 03/24/28 |  | 292428 |  | 292610 |
|  EOC Borrower LLC Term Loan B<br>6.67% (1 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 03/24/32 |  | 567150 |  | 568213 |
|  Flutter Financing BV 2024 Term Loan B<br>5.42% (3 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 11/30/30 |  | 2031936 |  | 2032444 |
|  Great Canadian Gaming Corp. 2024 Term Loan B<br>8.44% (3 mo. USD Term SOFR + 4.750%)<sup>(1)</sup> | 11/01/29 |  | 1372458 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1345867 |
|  GVC Holdings Gibraltar Ltd. 2025 Term Loan B6 (2029)<br>5.92% (3 mo. USD Term SOFR + 2.250%)<sup>(1)</sup> | 10/31/29 |  | 1344750 |  | 1345274 |
|  Herschend Entertainment Co. LLC 2025 Term Loan B<br>6.92% (1 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 05/27/32 |  | 342541 |  | 343954 |
|  J&J Ventures Gaming LLC 2025 Repriced Term Loan B<br>7.17% (1 mo. USD Term SOFR + 3.500%)<sup>(1)</sup> | 04/26/30 |  | 1235659 |  | 1223816 |
|  Light and Wonder International, Inc. 2026 Term Loan B<br>5.67% (1 mo. USD Term SOFR + 2.000%)<sup>(1)</sup> | 04/16/29 |  | 771830 |  | 771830 |
|  TKO Worldwide Holdings LLC 2025 Term Loan<br>5.87% (3 mo. USD Term SOFR + 2.000%)<sup>(1)</sup> | 11/21/31 |  | 1817874 |  | 1823882 |
|  Voyager Parent LLC Repriced Term Loan B<br>7.91% (3 mo. USD Term SOFR + 4.250%)<sup>(1)</sup> | 07/01/32 |  | 822938 |  | 822991 |
|  |  |  |  |  | 16234796 |
|  **Environmental Control — 1.5%** | **Environmental Control — 1.5%** | **Environmental Control — 1.5%** | **Environmental Control — 1.5%** | **Environmental Control — 1.5%** | **Environmental Control — 1.5%** |
|  Action Environmental Group, Inc. 2023 Term Loan B<br>6.92% (3 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 10/24/30 |  | 699838 |  | 700279 |
|  Heritage-Crystal Clean, Inc. Term Loan B<br>7.42% (1 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 10/17/30 |  | 1150871 |  | 1157581 |
|  MIP V Waste Holdings LLC 2025 Term Loan B<br>6.42% (3 mo. USD Term SOFR + 2.750%)<sup>(1)</sup> | 08/20/32 |  | 1194000 |  | 1196985 |
|  Reworld Holding Corp. 2025 1st Lien Term Loan C<br>5.93% (1 mo. USD Term SOFR + 2.250%)<sup>(1)</sup> | 01/15/31 |  | 12593 |  | 12598 |
|  Reworld Holding Corp. 2025 Term Loan B1<br>5.93% (1 mo. USD Term SOFR + 2.250%)<sup>(1)</sup> | 01/15/31 |  | 77495 |  | 77528 |
|  Reworld Holding Corp. Term Loan B<br>5.92% (1 mo. USD Term SOFR + 2.250%)<sup>(1)</sup> | 11/30/28 |  | 355657 |  | 356324 |
|  |  |  |  |  | 3501295 |
|  **Food — 3.3%** | **Food — 3.3%** | **Food — 3.3%** | **Food — 3.3%** | **Food — 3.3%** | **Food — 3.3%** |
|  1440 Food Topco LLC Term Loan B<br>8.67% (1 mo. USD Term SOFR + 5.000%)<sup>(1)</sup> | 10/31/31 |  | 631309 |  | 598324 |
|  BCPE North Star U.S. HoldCo 2, Inc. Term Loan<br>7.79% (1 mo. USD Term SOFR + 4.000%)<sup>(1)</sup> | 06/09/28 |  | 729854 |  | 729474 |
|  C&S Wholesale Grocers, Inc. Term Loan B<br>8.67% (3 mo. USD Term SOFR + 5.000%)<sup>(1)</sup> | 09/20/30 |  | 997500 |  | 988772 |
|  Nourish Buyer I, Inc. 2026 Repriced Term Loan B<br>7.67% (3 mo. USD Term SOFR + 4.000%)<sup>(1)</sup> | 07/09/32 |  | 997500 |  | 998956 |
|  Simply Good Foods USA, Inc. 2023 Term Loan B<br>5.67% (1 mo. USD Term SOFR + 2.000%)<sup>(1)</sup> | 03/17/30 |  | 831125 |  | 836527 |
|  United Natural Foods, Inc. 2024 Term Loan<br>8.42% (1 mo. USD Term SOFR + 4.750%)<sup>(1)</sup> | 05/01/31 |  | 1304925 |  | 1314979 |
|  Upfield BV 2025 USD Term Loan B12<br>7.68% (3 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 12/31/27 |  | 1526616 |  | 1515166 |
|  Upfield BV 2026 USD Term Loan B15<br>0.00%<sup>(2)</sup> | 10/31/30 |  | 870656 |  | 864126 |
|  |  |  |  |  | 7846324 |
|  **Food Service — 0.6%** | **Food Service — 0.6%** | **Food Service — 0.6%** | **Food Service — 0.6%** | **Food Service — 0.6%** | **Food Service — 0.6%** |
|  Aramark Services, Inc. 2025 Repriced Term Loan<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 04/06/28 |  | 1354490 |  | 1359569 |
|  **Forest Products & Paper — 0.2%** | **Forest Products & Paper — 0.2%** | **Forest Products & Paper — 0.2%** | **Forest Products & Paper — 0.2%** | **Forest Products & Paper — 0.2%** | **Forest Products & Paper — 0.2%** |
|  Glatfelter Corp. Term Loan B<br>8.07% (3 mo. USD Term SOFR + 4.250%)<sup>(1)</sup> | 11/04/31 |  | 411290 |  | 408308 |
|  **Health Care-Products — 1.4%** | **Health Care-Products — 1.4%** | **Health Care-Products — 1.4%** | **Health Care-Products — 1.4%** | **Health Care-Products — 1.4%** | **Health Care-Products — 1.4%** |
|  Hologic, Inc. 2026 USD Term Loan B<br>0.00%<sup>(2)</sup> | 01/14/33 |  | 975000 |  | 969091 |

---

------

---

| |
|:---|
| **TCW Senior Loan ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Principal<br>Amount** | **Value** | **Value** |
|  **Health Care-Products (Continued)** | **Health Care-Products (Continued)** | **Health Care-Products (Continued)** | **Health Care-Products (Continued)** | **Health Care-Products (Continued)** | **Health Care-Products (Continued)** |
|  Medline Borrower LP 2025 Incremental Term Loan B<br>0.00%<sup>(2)</sup> | 10/23/30 | $| 1250000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1255019 |
|  Medline Borrower LP 2025 Term Loan B<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 10/23/28 |  | 184342 |  | 185000 |
|  QuidelOrtho Corp. Term Loan A<br>8.25% (3 mo. USD Term SOFR + 1.500%)<sup>(1)</sup> | 08/14/30 |  | 963086 |  | 926970 |
|  |  |  |  |  | 3336080 |
|  **Health Care-Services — 6.0%** | **Health Care-Services — 6.0%** | **Health Care-Services — 6.0%** | **Health Care-Services — 6.0%** | **Health Care-Services — 6.0%** | **Health Care-Services — 6.0%** |
|  Acadia Healthcare Co., Inc. Term Loan A<br>0.00%<sup>(2)</sup> | 02/28/30 |  | 1500000 |  | 1451250 |
|  ADMI Corp. 2021 Incremental Term Loan B3<br>7.54% (1 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 12/23/27 |  | 498698 |  | 477192 |
|  ADMI Corp. 2023 Term Loan B5<br>9.42% (1 mo. USD Term SOFR + 5.750%)<sup>(1)</sup> | 12/23/27 |  | 500861 |  | 488340 |
|  AHP Health Partners, Inc. 2025 Term Loan B<br>5.92% (1 mo. USD Term SOFR + 2.250%)<sup>(1)</sup> | 09/20/32 |  | 498750 |  | 499311 |
|  Charlotte Buyer, Inc. 2025 Repriced Term Loan B<br>7.92% (1 mo. USD Term SOFR + 4.250%)<sup>(1)</sup> | 02/11/28 |  | 1172605 |  | 1148238 |
|  Concentra Health Services, Inc. 2025 Repriced Term Loan B<br>5.67% (1 mo. USD Term SOFR + 2.000%)<sup>(1)</sup> | 07/26/31 |  | 793049 |  | 796027 |
|  Dermatology Intermediate Holdings III, Inc. 2022 Term Loan B<br>7.92% (3 mo. USD Term SOFR + 4.250%) | 03/30/29 |  | 327357 |  | 315783 |
|  Dermatology Intermediate Holdings III, Inc. 2023 Incremental Term Loan B<br>9.17% (3 mo. USD Term SOFR + 5.500%)<sup>(1)</sup> | 03/30/29 |  | 1200359 |  | 1160597 |
|  Fortrea Holdings, Inc. Term Loan B<br>7.42% (3 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 07/01/30 |  | 684041 |  | 671216 |
|  Heartland Dental LLC 2025 Term Loan<br>7.42% (1 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 08/25/32 |  | 1205396 |  | 1207156 |
|  Help At Home, Inc. 2024 Term Loan B<br>8.67% (1 mo. USD Term SOFR + 5.000%)<sup>(1)</sup> | 09/24/31 |  | 299244 |  | 270900 |
|  Inception Holdco SARL 2025 USD Repriced Term Loan<br>6.92% (3 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 04/18/31 |  | 1069308 |  | 1078664 |
|  Lumexa Imaging, Inc. Term Loan B<br>6.70% (3 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 12/17/32 |  | 214063 |  | 215269 |
|  Modivcare Buyer LLC Super Senior Term Loan<br>10.00% (3 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 12/29/30 |  | 250000 |  | 250834 |
|  ModivCare Buyer LLC Takeback Term Loan<br>8.69% (3 mo. USD Term SOFR + 5.000%)<sup>(1)</sup> | 12/30/32 |  | 232398 |  | 218483 |
|  NAPA Management Services Corp. Term Loan B<br>9.02% (1 mo. USD Term SOFR + 5.250%)<sup>(1)</sup> | 02/23/29 |  | 1039502 |  | 640193 |
|  Onex TSG Intermediate Corp. 2025 Term Loan B<br>7.42% (3 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 08/06/32 |  | 309594 |  | 310529 |
|  Option Care Health, Inc. 2025 Term Loan B<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 09/22/32 |  | 535387 |  | 537060 |
|  Pediatric Associates Holding Co. LLC 2023 Incremental Term Loan<br>8.43% (3 mo. USD Term SOFR + 4.500%)<sup>(1)</sup> | 12/29/28 |  | 348359 |  | 342262 |
|  Pluto Acquisition I, Inc. 2024 First Out Superpriority Term Loan<br>9.19% (3 mo. USD Term SOFR + 5.500%)<sup>(1)</sup> | 06/20/28 |  | 1116653 |  | 1127819 |
|  U.S. Fertility Enterprises LLC 2025 Delayed Draw Term Loan<br>0.00%<sup>(1)</sup> | 12/30/32 |  | 164474 |  | 33109 |
|  U.S. Fertility Enterprises LLC 2025 Term Loan<br>7.17% (3 mo. USD Term SOFR + 3.500%)<sup>(1)</sup> | 12/30/32 |  | 1085526 |  | 1092582 |
|  |  |  |  |  | 14332814 |
|  **Holding Companies — Diversified — 0.2%** | **Holding Companies — Diversified — 0.2%** | **Holding Companies — Diversified — 0.2%** | **Holding Companies — Diversified — 0.2%** | **Holding Companies — Diversified — 0.2%** | **Holding Companies — Diversified — 0.2%** |
|  GC Ferry Acquisition I, Inc. Term Loan<br>7.17% (3 mo. USD Term SOFR + 3.500%)<sup>(1)</sup> | 08/16/32 |  | 427083 |  | 424348 |
|  **Household Products/Wares — 0.2%** | **Household Products/Wares — 0.2%** | **Household Products/Wares — 0.2%** | **Household Products/Wares — 0.2%** | **Household Products/Wares — 0.2%** | **Household Products/Wares — 0.2%** |
|  Lavender Dutch BorrowerCo BV USD Term Loan<br>6.93% (3 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 12/30/32 |  | 500000 |  | 502292 |
|  **Insurance — 0.5%** | **Insurance — 0.5%** | **Insurance — 0.5%** | **Insurance — 0.5%** | **Insurance — 0.5%** | **Insurance — 0.5%** |
|  AmWINS Group, Inc. 2026 Term Loan B<br>5.67% (1 mo. USD Term SOFR + 2.000%)<sup>(1)</sup> | 01/30/32 |  | 383120 |  | 382873 |
|  Asurion LLC 2022 Term Loan B10<br>7.77% (1 mo. USD Term SOFR + 4.000%)<sup>(1)</sup> | 08/19/28 |  | 744243 |  | 746104 |
|  Asurion LLC 2024 Term Loan B12<br>7.92% (1 mo. USD Term SOFR + 4.250%)<sup>(1)</sup> | 09/19/30 |  | 124058 |  | 124423 |
|  |  |  |  |  | 1253400 |

---

------

---

| |
|:---|
| **TCW Senior Loan ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **Internet — 3.1%** | **Internet — 3.1%** | **Internet — 3.1%** | **Internet — 3.1%** |
|  Barracuda Networks, Inc. 2022 Term Loan<br>8.17% (3 mo. USD Term SOFR + 4.500%)<sup>(1)</sup> | 08/15/29 | $852228 | $663941 |
|  Delivery Hero SE 2024 USD Term Loan B<br>8.84% (3 mo. USD Term SOFR + 5.000%)<sup>(1)</sup> | 12/12/29 | 1970988 | 1975915 |
|  Go Daddy Operating Co. LLC 2024 Term Loan B8<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 11/09/29 | 387632 | 386010 |
|  Hoya Midco LLC 2025 Term Loan B<br>5.92% (3 mo. USD Term SOFR + 2.250%)<sup>(1)</sup> | 02/01/29 | 1094219 | 632595 |
|  Magnite, Inc. 2025 Repriced Term Loan B<br>6.67% (1 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 02/06/31 | 456331 | 454431 |
|  MH Sub I LLC 2023 Term Loan<br>7.92% (1 mo. USD Term SOFR + 4.250%)<sup>(1)</sup> | 05/03/28 | 260670 | 237396 |
|  MH Sub I LLC 2024 Term Loan B4<br>7.92% (1 mo. USD Term SOFR + 4.250%)<sup>(1)</sup> | 12/31/31 | 247597 | 203561 |
|  Newfold Digital Holdings Group, Inc. 2025 Tranche A Term Loan<br>7.27% (1 mo. USD Term SOFR + 3.600%)<sup>(1)</sup> | 04/30/29 | 118191 | 96400 |
|  Newfold Digital Holdings Group, Inc. 2025 Tranche B Term Loan<br>7.27% (1 mo. USD Term SOFR + 3.600%) | 04/30/29 | 275780 | 150472 |
|  Polaris Purchaser, Inc. 2025 Term Loan B<br>7.17% (3 mo. USD Term SOFR + 3.500%)<sup>(1)</sup> | 03/03/31 | 260705 | 256794 |
|  Proofpoint, Inc. 2025 Repriced Term Loan<br>0.00%<sup>(2)</sup> | 08/31/28 | 194352 | 193320 |
|  PUG LLC 2024 Extended Term Loan B<br>0.00%<sup>(1),(2)</sup> | 03/15/30 | 717510 | 716839 |
|  WatchGuard Technologies, Inc. Term Loan<br>8.92% (1 mo. USD Term SOFR + 5.250%)<sup>(1)</sup> | 07/02/29 | 1463235 | 1465064 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7432738 |
|  **Investment Companies — 0.9%** | **Investment Companies — 0.9%** | **Investment Companies — 0.9%** | **Investment Companies — 0.9%** |
|  AAL Delaware Holdco, Inc. 2025 Term Loan<br>6.42% (1 mo. USD Term SOFR + 2.750%)<sup>(1)</sup> | 07/30/31 | 646734 | 648150 |
|  FinCo I LLC 2025 Repriced Term Loan B<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 06/27/29 | 853494 | 854181 |
|  Intrado Corp. 2023 Term Loan B<br>7.17% (3 mo. USD Term SOFR + 3.500%)<sup>(1)</sup> | 01/31/30 | 726980 | 727286 |
|  |  |  | 2229617 |
|  **Leisure Time — 1.2%** | **Leisure Time — 1.2%** | **Leisure Time — 1.2%** | **Leisure Time — 1.2%** |
|  Alterra Mountain Co. 2025 Term Loan B8<br>6.17% (1 mo. USD Term SOFR + 2.500%)<sup>(1)</sup> | 05/31/30 | 462401 | 464135 |
|  Alterra Mountain Co. 2025 Term Loan B9<br>6.17% (1 mo. USD Term SOFR + 2.500%)<sup>(1)</sup> | 08/17/28 | 796844 | 799833 |
|  Arcis Golf LLC 2025 Term Loan B<br>6.42% (1 mo. USD Term SOFR + 2.750%)<sup>(1)</sup> | 11/24/28 | 1613757 | 1623842 |
|  Lakeland Tours LLC 2020 HoldCo Term Loan 10.00% | 09/25/27 | 677334 | 33867 |
|  |  |  | 2921677 |
|  **Lodging — 0.6%** | **Lodging — 0.6%** | **Lodging — 0.6%** | **Lodging — 0.6%** |
|  Four Seasons Hotels Ltd. 2025 Term Loan B<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 09/22/32 | 386158 | 388998 |
|  Hilton Domestic Operating Co., Inc. 2023 Term Loan B4<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 11/08/30 | 1000000 | 1006250 |
|  |  |  | 1395248 |
|  **Machinery-Construction & Mining — 0.9%** | **Machinery-Construction & Mining — 0.9%** | **Machinery-Construction & Mining — 0.9%** | **Machinery-Construction & Mining — 0.9%** |
|  Tenaska Westmoreland Management LLC Term Loan B<br>0.00%<sup>(2)</sup> | 01/28/33 | 272092 | 271752 |
|  Terex Corp. 2025 Term Loan<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 10/08/31 | 796000 | 799148 |
|  WEC U.S. Holdings Ltd. 2024 Term Loan<br>5.70% (1 mo. USD Term SOFR + 2.000%)<sup>(1)</sup> | 01/27/31 | 1038334 | 1038574 |
|  |  |  | 2109474 |
|  **Machinery-Diversified — 0.7%** | **Machinery-Diversified — 0.7%** | **Machinery-Diversified — 0.7%** | **Machinery-Diversified — 0.7%** |
|  DXP Enterprises, Inc. 2025 Repriced Term Loan B<br>9.00% (3 mo. USD Term SOFR + 2.250%) | 10/11/30 | 234904 | 236724 |
|  Engineered Machinery Holdings, Inc. 2025 USD Term Loan<br>6.92% (3 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 11/26/32 | 191639 | 192631 |
|  Lsf12 Helix Parent LLC USD Term Loan B<br>0.00%<sup>(2)</sup> | 01/21/33 | 1305000 | 1302553 |
|  |  |  | 1731908 |
|  **Media — 1.2%** | **Media — 1.2%** | **Media — 1.2%** | **Media — 1.2%** |
|  Charter Communications Operating LLC 2024 Term Loan B5<br>5.91% (3 mo. USD Term SOFR + 2.250%)<sup>(1)</sup> | 12/15/31 | 740611 | 740530 |

---

------

---

| |
|:---|
| **TCW Senior Loan ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Value** |
|  **Media (Continued)** | **Media (Continued)** | **Media (Continued)** | **Media (Continued)** |
|  MJH Healthcare Holdings LLC 2025 Repriced Term Loan B<br>6.42% (1 mo. USD Term SOFR + 2.750%)<sup>(1)</sup> | 01/29/29 | 498747 | 474435 |
|  NEP Group, Inc. 2025 Term Loan B<br>8.17% (1 mo. USD Term SOFR + 4.500%)<sup>(1)</sup> | 10/17/31 | 126870 | 116605 |
|  Nexstar Broadcasting, Inc. 2025 Term Loan B5<br>6.20% (1 mo. USD Term SOFR + 2.500%) | 06/28/32 | 497500 | 497913 |
|  Virgin Media Bristol LLC 2020 USD Term Loan Q<br>7.04% (1 mo. USD Term SOFR + 3.250%) | 01/31/29 | 1000666 | 1000856 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2830339 |
|  **Mining — 0.2%** | **Mining — 0.2%** | **Mining — 0.2%** | **Mining — 0.2%** |
|  American Rock Salt Co. LLC 2024 First Out Term Loan<br>10.94% (3 mo. USD Term SOFR + 7.000%)<sup>(1)</sup> | 06/09/28 | 537749 | 540607 |
|  **Miscellaneous Manufacturers — 0.8%** | **Miscellaneous Manufacturers — 0.8%** | **Miscellaneous Manufacturers — 0.8%** | **Miscellaneous Manufacturers — 0.8%** |
|  Cleanova U.S. Holdings LLC 2025 Term Loan B<br>8.48% (3 mo. USD Term SOFR + 4.750%)<sup>(1)</sup> | 06/14/32 | 1172063 | 1177923 |
|  Plastipak Packaging, Inc. 2025 Term Loan B<br>6.17% (1 mo. USD Term SOFR + 2.500%)<sup>(1)</sup> | 09/24/32 | 839889 | 839289 |
|  |  |  | 2017212 |
|  **Office/Business Equipment — 0.4%** | **Office/Business Equipment — 0.4%** | **Office/Business Equipment — 0.4%** | **Office/Business Equipment — 0.4%** |
|  Xerox Holdings Corp. 2023 Term Loan B<br>7.73% (6 mo. USD Term SOFR + 4.000%)<sup>(1)</sup> | 11/19/29 | 1167528 | 909417 |
|  **Oil & Gas — 0.7%** | **Oil & Gas — 0.7%** | **Oil & Gas — 0.7%** | **Oil & Gas — 0.7%** |
|  Apro LLC 2024 Term Loan B<br>7.42% (1 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 07/09/31 | 462019 | 464271 |
|  Liquid Tech Solutions LLC 2025 Term Loan<br>7.24% (3 mo. USD Term SOFR + 3.500%) | 10/12/32 | 226780 | 226780 |
|  Pasadena Performance Products LLC 1st Lien Term Loan<br>6.92% (3 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 02/27/32 | 985157 | 988236 |
|  |  |  | 1679287 |
|  **Packaging & Containers — 1.5%** | **Packaging & Containers — 1.5%** | **Packaging & Containers — 1.5%** | **Packaging & Containers — 1.5%** |
|  Balcan Innovations, Inc. Term Loan B<br>8.42% (1 mo. USD Term SOFR + 4.750%)<sup>(1)</sup> | 10/18/31 | 1488750 | 1150059 |
|  BradyPlus Holdings LLC 2025 Term Loan B<br>7.17% (3 mo. USD Term SOFR + 3.500%)<sup>(1)</sup> | 12/29/32 | 500000 | 497915 |
|  Graham Packaging Co., Inc. 2026 Term Loan B<br>0.00%<sup>(2)</sup> | 01/26/33 | 556789 | 556993 |
|  Plaze, Inc. 2020 Incremental Term Loan<br>7.54% (1 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 08/03/26 | 1427535 | 1300485 |
|  |  |  | 3505452 |
|  **Pharmaceuticals — 2.6%** | **Pharmaceuticals — 2.6%** | **Pharmaceuticals — 2.6%** | **Pharmaceuticals — 2.6%** |
|  Alkermes, Inc. 2026 Term Loan B<br>0.00%<sup>(2)</sup> | 01/28/31 | 170865 | 171720 |
|  Amneal Pharmaceuticals LLC 2025 Term Loan B<br>7.17% (1 mo. USD Term SOFR + 3.500%)<sup>(1)</sup> | 08/01/32 | 1047375 | 1052612 |
|  Dechra Pharmaceuticals Holdings Ltd. USD Term Loan B<br>6.64% (6 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 01/27/32 | 873032 | 875652 |
|  Jazz Financing Lux SARL 2024 1st Lien Term Loan B2<br>5.92% (1 mo. USD Term SOFR + 2.250%)<sup>(1)</sup> | 05/05/28 | 737949 | 740919 |
|  Paradigm Parent LLC 1st Lien Term Loan<br>8.17% (3 mo. USD Term SOFR + 4.500%)<sup>(1)</sup> | 04/16/32 | 1271813 | 1090579 |
|  Perrigo Investments LLC 2024 Term Loan B<br>5.67% (1 mo. USD Term SOFR + 2.000%)<sup>(1)</sup> | 04/20/29 | 1281543 | 1282081 |
|  RxBenefits, Inc. 2025 Term Loan<br>8.67% (3 mo. USD Term SOFR + 5.000%) | 12/23/30 | 1000000 | 998750 |
|  |  |  | 6212313 |
|  **Pipelines — 1.3%** | **Pipelines — 1.3%** | **Pipelines — 1.3%** | **Pipelines — 1.3%** |
|  Birdsboro Power LLC Term Loan<br>6.92% (3 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 10/08/32 | 343750 | 348476 |
|  Freeport LNG Investments LLLP 2026 Term Loan B<br>0.00%<sup>(2)</sup> | 01/29/33 | 213517 | 213116 |
|  ITT Holdings LLC 2025 Repriced Term Loan B<br>5.67% (1 mo. USD Term SOFR + 2.000%) | 10/11/30 | 999412 | 1000352 |
|  Stonepeak Bayou Holdings LP Term Loan B<br>6.42% (3 mo. USD Term SOFR + 2.750%)<sup>(1)</sup> | 10/01/32 | 560667 | 538941 |
|  Venture Global Calcasieu Pass LLC Term Loan<br>0.00%<sup>(2)</sup> | 08/19/26 | 1036748 | 1037075 |
|  |  |  | 3137960 |
|  **Real Estate — 0.2%** | **Real Estate — 0.2%** | **Real Estate — 0.2%** | **Real Estate — 0.2%** |
|  Hill Top Energy Center LLC Term Loan B<br>6.92% (3 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 06/26/32 | 485688 | 487660 |
|  **REIT — 0.7%** | **REIT — 0.7%** | **REIT — 0.7%** | **REIT — 0.7%** |
|  Iron Mountain, Inc. 2022 Term Loan A<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 03/18/30 | 406618 | 403569 |
|  Iron Mountain, Inc. 2023 Term Loan B<br>5.67% (1 mo. USD Term SOFR + 2.000%)<sup>(1)</sup> | 01/31/31 | 120914 | 120120 |

---

------

---

| |
|:---|
| **TCW Senior Loan ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Principal<br>Amount** | **Value** | **Value** |
|  **REIT (Continued)** | **REIT (Continued)** | **REIT (Continued)** | **REIT (Continued)** | **REIT (Continued)** | **REIT (Continued)** |
|  OEG Borrower LLC 2024 Term Loan B<br>7.20% (3 mo. USD Term SOFR + 3.500%)<sup>(1)</sup> | 06/30/31 | $| 1218909 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1225260 |
|  |  |  |  |  | 1748949 |
|  **Retail — 5.6%** | **Retail — 5.6%** | **Retail — 5.6%** | **Retail — 5.6%** | **Retail — 5.6%** | **Retail — 5.6%** |
|  1011778 BC Unlimited Liability Co. 2024 Term Loan B6<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 09/20/30 |  | 950020 |  | 949070 |
|  Burlington Coat Factory Warehouse Corp. 2024 Term Loan B<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 09/24/31 |  | 496231 |  | 497472 |
|  BW Gas & Convenience Holdings LLC 2021 Term Loan B<br>7.29% (1 mo. USD Term SOFR + 3.500%)<sup>(1)</sup> | 03/31/28 |  | 1068026 |  | 1068026 |
|  Dave & Buster's, Inc. 2024 1st Lien Term Loan B<br>7.13% (3 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 11/01/31 |  | 220378 |  | 197513 |
|  K-Mac Holdings Corp. 2025 Add-on Term Loan<br>6.92% (1 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 07/21/28 |  | 869270 |  | 873073 |
|  KFC Holding Co. 2021 Term Loan B<br>5.54% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 03/15/28 |  | 1208110 |  | 1214525 |
|  Murphy USA, Inc. Term Loan B<br>5.45% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 04/07/32 |  | 748125 |  | 756074 |
|  Pacific Bells LLC 2024 Repriced Term Loan B<br>7.42% (3 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 11/13/28 |  | 1319188 |  | 1325230 |
|  Peer Holding III BV 2025 USD Term Loan B4B<br>6.17% (3 mo. USD Term SOFR + 2.500%)<sup>(1)</sup> | 10/28/30 |  | 1750222 |  | 1752191 |
|  QXO, Inc. 2025 Term Loan B<br>5.67% (1 mo. USD Term SOFR + 2.000%)<sup>(1)</sup> | 04/30/32 |  | 226667 |  | 227375 |
|  Splat Super Holdco LLC 2025 Term Loan<br>8.67% (1 mo. USD Term SOFR + 5.000%)<sup>(1)</sup> | 07/02/32 |  | 1266024 |  | 1187429 |
|  Tailored Brands, Inc. 2026 Term Loan B<br>0.00%<sup>(2)</sup> | 01/22/31 |  | 2000000 |  | 2001670 |
|  Thermostat Purchaser III, Inc. 2024 Term Loan B<br>7.92% (3 mo. USD Term SOFR + 4.250%)<sup>(1)</sup> | 08/31/28 |  | 1492496 |  | 1480086 |
|  |  |  |  |  | 13529734 |
|  **Software — 10.1%** | **Software — 10.1%** | **Software — 10.1%** | **Software — 10.1%** | **Software — 10.1%** | **Software — 10.1%** |
|  Avison Young Canada, Inc. 2024 Third Out Term Loan<br>12.10% (3 mo. USD Term SOFR + 8.000%)<sup>(1)</sup> | 03/12/29 |  | 174484 |  | 37804 |
|  Boxer Parent Co., Inc. 2025 USD Term Loan B<br>6.82% (3 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 07/30/31 |  | 250000 |  | 241250 |
|  Cast & Crew Payroll LLC 2021 Incremental Term Loan<br>7.42% (1 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 12/29/28 |  | 1164777 |  | 732354 |
|  Clearwater Analytics LLC 2025 Term Loan B<br>5.67% (1 mo. USD Term SOFR + 2.000%)<sup>(1)</sup> | 04/21/32 |  | 947625 |  | 948516 |
|  Cloud Software Group, Inc. 2025 Term Loan B (2031)<br>6.92% (3 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 03/21/31 |  | 1214871 |  | 1181462 |
|  Cloudera, Inc. 2021 Term Loan<br>7.52% (1 mo. USD Term SOFR + 3.750%)<sup>(1)</sup> | 10/08/28 |  | 1558763 |  | 1345734 |
|  Darktrace PLC 1st Lien Term Loan<br>6.90% (3 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 10/09/31 |  | 1195898 |  | 1168740 |
|  Dayforce, Inc. 2025 Term Loan<br>0.00%<sup>(2)</sup> | 08/20/32 |  | 804527 |  | 783911 |
|  DTI Holdco, Inc. 2025 Term Loan B<br>7.67% (1 mo. USD Term SOFR + 4.000%)<sup>(1)</sup> | 04/26/29 |  | 1558241 |  | 1464022 |
|  EagleView Technology Corp. 2025 Term Loan<br>9.17% (3 mo. USD Term SOFR + 5.500%)<sup>(1)</sup> | 08/14/28 |  | 167228 |  | 158188 |
|  EP Purchaser LLC 2023 Term Loan B<br>8.44% (3 mo. USD Term SOFR + 4.500%)<sup>(1)</sup> | 11/06/28 |  | 922971 |  | 575472 |
|  Genesys Cloud Services Holdings II LLC 2025 USD Term Loan B<br>0.00%<sup>(1),(2)</sup> | 01/30/32 |  | 250000 |  | 245079 |
|  IGT Holding IV AB 2025 Term Loan B5<br>6.67% (3 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 09/01/31 |  | 744898 |  | 738846 |
|  Mermaid Bidco, Inc. 2024 USD Term Loan B<br>7.15% (3 mo. USD Term SOFR + 3.250%)<sup>(1)</sup> | 07/03/31 |  | 1240554 |  | 1221946 |
|  Open Text Corp. 2023 Term Loan B<br>5.42% (1 mo. USD Term SOFR + 1.750%)<sup>(1)</sup> | 01/31/30 |  | 1692402 |  | 1670299 |
|  Planview Parent, Inc. 2024 1st Lien Term Loan<br>0.00% <sup>(2)</sup> | 12/17/27 |  | 2797854 |  | 2501743 |
|  Playtika Holding Corp. 2021 Term Loan B1<br>6.54% (1 mo. USD Term SOFR + 2.750%)<sup>(1)</sup> | 03/13/28 |  | 1649023 |  | 1603996 |
|  Project Alpha Intermediate Holding, Inc. 2024 1st Lien Term Loan B<br>6.92% (3 mo. USD Term SOFR + 3.250%) | 10/26/30 |  | 1587318 |  | 1480182 |

---

------

---

| |
|:---|
| **TCW Senior Loan ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Issues** | **Maturity<br>Date** | **Principal<br>Amount** | **Principal<br>Amount** | **Value** | **Value** |
|  **Software (Continued)** |  |  |  |  |  |
|  Quartz Acquireco LLC 2025 Term Loan B<br>5.92% (3 mo. USD Term SOFR + 2.250%)<sup>(1)</sup> | 06/28/30 | $| 1538231 | $| 1492084 |
|  Relativity Intermediate Holdco LLC 2026 Term Loan B<br>0.00%<sup>(2)</sup> | 01/30/33 |  | 300000 |  | 298125 |
|  Renaissance Holding Corp. 2024 1st Lien Term Loan<br>7.67% (3 mo. USD Term SOFR + 4.000%)<sup>(1)</sup> | 04/05/30 |  | 1530744 |  | 1301132 |
|  SolarWinds Holdings, Inc. 2025 Term Loan<br>7.70% (3 mo. USD Term SOFR + 4.000%)<sup>(1)</sup> | 04/16/32 |  | 623438 |  | 579797 |
|  SonarSource Financing LLC Term Loan<br>8.17% (3 mo. USD Term SOFR + 4.500%)<sup>(1)</sup> | 12/19/30 |  | 780207 |  | 752900 |
|  SS&C Technologies, Inc. 2024 Term Loan B8<br>5.67% (1 mo. USD Term SOFR + 2.000%)<sup>(1)</sup> | 05/09/31 |  | 542686 |  | 543302 |
|  Tuple U.S. Bidco LLC Term Loan B<br>0.00%<sup>(2)</sup> | 01/14/33 |  | 1050000 |  | 1039500 |
|  UKG, Inc. 2024 Term Loan B<br>0.00%<sup>(2)</sup> | 02/10/31 |  | 233222 |  | 227925 |
|  |  |  |  |  | 24334309 |
|  **Telecommunications — 0.4%** |  |  |  |  |  |
|  Altice Financing SA 2022 USD Term Loan<br>8.67% (3 mo. USD Term SOFR + 5.000%)<sup>(1)</sup> | 10/31/27 |  | 249357 |  | 191257 |
|  Cyxtera DC Holdings, Inc. Term Loan B<br>0.00%<sup>(1),(3)</sup> | 01/16/27 |  | 292034 |  |  |
|  Delta TopCo, Inc. 2025 Term Loan B<br>0.00%<sup>(2)</sup> | 11/30/29 |  | 155481 |  | 151872 |
|  GOGO Intermediate Holdings LLC Term Loan B<br>0.00%<sup>(2)</sup> | 04/30/28 |  | 325000 |  | 289819 |
|  Zayo Group Holdings, Inc. 2025 USD Term Loan<br>6.79% (1 mo. USD Term SOFR + 3.000%)<sup>(1)</sup> | 03/11/30 |  | 234536 |  | 226148 |
|  |  |  |  |  | 859096 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Bank Loans** (Cost: $229,828,851) |  |  |  |  | 224605574 |
|  **CORPORATE BONDS** — **2.3%** |  |  |  |  |  |
|  **Commercial Services — 0.2%** |  |  |  |  |  |
|  Block, Inc.<br>6.50% | 05/15/32 |  | 500000 |  | 519715 |
|  **Entertainment — 0.2%** | **Entertainment — 0.2%** | **Entertainment — 0.2%** | **Entertainment — 0.2%** | **Entertainment — 0.2%** | **Entertainment — 0.2%** |
|  WMG Acquisition Corp.<br>3.88%<sup>(4)</sup> | 07/15/30 |  | 500000 |  | 480325 |
|  **Environmental Control — 0.1%** | **Environmental Control — 0.1%** | **Environmental Control — 0.1%** | **Environmental Control — 0.1%** | **Environmental Control — 0.1%** | **Environmental Control — 0.1%** |
|  Waste Pro USA, Inc.<br>7.00%<sup>(4)</sup> | 02/01/33 |  | 250000 |  | 258207 |
|  **Health Care-Services — 0.2%** | **Health Care-Services — 0.2%** | **Health Care-Services — 0.2%** | **Health Care-Services — 0.2%** | **Health Care-Services — 0.2%** | **Health Care-Services — 0.2%** |
|  UnitedHealth Group, Inc.<br>4.50% | 04/15/33 |  | 500000 |  | 493705 |
|  **Household Products/Wares — 0.2%** | **Household Products/Wares — 0.2%** | **Household Products/Wares — 0.2%** | **Household Products/Wares — 0.2%** | **Household Products/Wares — 0.2%** | **Household Products/Wares — 0.2%** |
|  Spectrum Brands, Inc.<br>3.88%<sup>(4)</sup> | 03/15/31 |  | 501000 |  | 407298 |
|  **Internet — 0.6%** | **Internet — 0.6%** | **Internet — 0.6%** | **Internet — 0.6%** | **Internet — 0.6%** | **Internet — 0.6%** |
|  Getty Images, Inc.<br>10.50%<sup>(4)</sup> | 11/15/30 |  | 200000 |  | 202654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.25%<sup>(4)</sup> | 02/21/30 |  | 500000 |  | 447900 |
|  Uber Technologies, Inc.<br>4.80% | 09/15/34 |  | 750000 |  | 745875 |
|  |  |  |  |  | 1396429 |
|  **Packaging & Containers — 0.2%** |  |  |  |  |  |
|  Berry Global, Inc.<br>5.65% | 01/15/34 |  | 500000 |  | 521830 |
|  **Pharmaceuticals — 0.2%** |  |  |  |  |  |
|  Teva Pharmaceutical Finance Netherlands IV BV (Israel)<br>5.75% | 12/01/30 |  | 500000 |  | 517975 |
|  **Retail — 0.2%** |  |  |  |  |  |
|  1011778 BC ULC/New Red Finance, Inc. (Canada) 3.50%<sup>(4)</sup> | 02/15/29 |  | 500000 |  | 482870 |
|  **Software — 0.2%** |  |  |  |  |  |
|  Constellation Software, Inc. (Canada) 5.46%<sup>(4)</sup> | 02/16/34 |  | 500000 |  | 503590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Corporate Bonds** (Cost: $5,516,947) |  |  |  |  | 5581944 |
|  **U.S. TREASURY SECURITIES — 0.6%** |  |  |  |  |  |
|  U.S. Treasury Notes<br>3.75% | 01/31/31 |  | 1310000 |  | 1306802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total U.S. Treasury Securities** (Cost: $1,305,749) |  |  |  |  | 1306802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Fixed Income Securities** (Cost: $236,651,547) |  |  |  |  | 231494320 |
|  **CONVERTIBLE SECURITIES — 0.0%** |  |  |  |  |  |
|  **Convertible Corporate Bonds — 0.0%** |  |  |  |  |  |
|  **Engineering & Construction — 0.0%** |  |  |  |  |  |
|  Cellnex Telecom SA 0.75%<sup>(5)</sup> | 11/20/31 | EU | R 100,000 |  | 107485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Convertible Corporate Bonds** (Cost: $104,970) |  |  |  |  | 107485 |
|  **COMMON STOCK — 0.2%** |  |  |  |  |  |
| **Security** |  | **Shares** | **Shares** |  |  |
|  **Health Care-Services — 0.2%** | **Health Care-Services — 0.2%** | **Health Care-Services — 0.2%** | **Health Care-Services — 0.2%** | **Health Care-Services — 0.2%** | **Health Care-Services — 0.2%** |
|  ModivCare, Inc.<sup>(6)</sup> | ModivCare, Inc.<sup>(6)</sup> |  | 58076 |  | 387164 |
| **Issues** |  |  |  |  |  |
|  **Real Estate — 0.0%** |  |  |  |  |  |
|  Avison Young Canada, Inc.<sup>(6)</sup> |  |  | 370 |  | 41 |
|  **Telecommunications — 0.0%** |  |  |  |  |  |
|  New WPCC Parent LLC<sup>(6)</sup> |  |  | 43965 |  | 27478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stock** (Cost: $377,501) |  |  |  |  | 414683 |
| **Security** |  |  |  |  |  |
|  **MONEY MARKET INVESTMENTS** — **9.5%** | **MONEY MARKET INVESTMENTS** — **9.5%** | **MONEY MARKET INVESTMENTS** — **9.5%** | **MONEY MARKET INVESTMENTS** — **9.5%** | **MONEY MARKET INVESTMENTS** — **9.5%** | **MONEY MARKET INVESTMENTS** — **9.5%** |
|  State Street Institutional U.S. Government Money Market Fund — Premier Class,<br>3.65%<sup>(7)</sup> | State Street Institutional U.S. Government Money Market Fund — Premier Class,<br>3.65%<sup>(7)</sup> |  | 1384452 |  | 1384452 |

---

------

---

| |
|:---|
| **TCW Senior Loan ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | **Value** |
|  **MONEY MARKET INVESTMENTS (Continued)** |  |  |
|  TCW Central Cash Fund,<br>3.65%<sup>(7),(8)</sup> | 21415712 | $21415712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Money Market Investments** (Cost: $22,800,164) |  | 22800164 |
|  **Preferred Stock — 0.1%** |  |  |
|  **Real Estate — 0.1%** | **Real Estate — 0.1%** | **Real Estate — 0.1%** |
|  Avison Young Canada, Inc.<sup>(6)</sup> (Cost: $697,797) | 1054697 | 187209 |
|  |  | 187209 |
| **Issues** |  |  |
|  **WARRANTS** — **0.0%** |  |  |
|  Cineworld Group PLC<sup>(3),(6)</sup> | 229579 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Warrants** (Cost: $—) |  | 3 |
|  **Total Investments (106.4%)** (Cost: $260,631,979) | **Total Investments (106.4%)** (Cost: $260,631,979) | 255003864 |
|  **Net Unrealized Appreciation/depreciation On Unfunded Commitments<sup>(9)</sup> (0.0%)** |  | 1060 |
|  **Liabilities In Excess Of Other Assets (-6.4%)** | **Liabilities In Excess Of Other Assets (-6.4%)** | (15328133) |
|  **Net Assets (100.0%)** |  | $239676791 |

---

------

---

| |
|:---|
| **TCW Senior Loan ETF** |
| SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  **FUTURES CONTRACTS**  | **FUTURES CONTRACTS**  | **FUTURES CONTRACTS**  | **FUTURES CONTRACTS**  | **FUTURES CONTRACTS**  | **FUTURES CONTRACTS**  |
| **Number of<br>Contracts** | **Type** | **Expiration<br>Date** | **Notional<br>Contract<br>Value** | **Value** | **Net<br>Unrealized<br>Appreciation<br>(Depreciation)** |
|  **Short Futures** |  |  |  |  |  |
| 1 | Euro-Bund Futures | 03/06/26 | $(152292) | $(151926) | $366 |
|  |  |  | $**(152292)** | $**(151926)** | $**366** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  **FORWARD CURRENCY EXCHANGE CONTRACTS**  | **FORWARD CURRENCY EXCHANGE CONTRACTS**  | **FORWARD CURRENCY EXCHANGE CONTRACTS**  | **FORWARD CURRENCY EXCHANGE CONTRACTS**  | **FORWARD CURRENCY EXCHANGE CONTRACTS**  | **FORWARD CURRENCY EXCHANGE CONTRACTS**  | **FORWARD CURRENCY EXCHANGE CONTRACTS**  |
| **Counterparty** | **Contracts to<br>Deliver** | **Units of<br>Currency** | **Settlement<br>Date** | **In Exchange<br>for USD** | **Contracts<br>at Value** | **Unrealized<br>Appreciation<br>(Depreciation)** |
|  **SELL<sup>(10)</sup>** |  |  |  |  |  |  |
|  Bank of New York | EUR | 90523 | 04/01/26 | $105410 | $107590 | $(2180) |
|  |  |  |  | $105410 | $107590 | $(2180) |

---

---

| | |
|:---|:---|
| **Notes to the Schedule of Investments:** | **Notes to the Schedule of Investments:** |
| EUR | Euro Currency. |
| REIT | Real Estate Investment Trust. |
| SOFR | Secured Overnight Financing Rate. |
| (1) | Floating or variable rate security. The interest shown reflects the rate in effect at January 31, 2026. |
| (2) | This position represents an unsettled bank loan at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which will be adjusted on settlement date. |
| (3) | For fair value measurement disclosure purposes, security is categorized as Level 3. Security is valued using significant unobservable inputs. |
| (4) | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold, normally only to qualified institutional buyers. At January 31, 2026, the value of these securities amounted to $2,782,844 or 1.2% of net assets. These securities are determined to be liquid by the Fund's investment advisor, unless otherwise noted, under procedures established by and under the general supervision of the Company's Board of Directors. |
| (5) | Investments issued under Regulation S of the Securities Act of 1933, as amended, may not be offered, sold, or delivered within the United States except under special exemptions. At January 31, 2026, the value of these securities amounted to $107,485 or 0% of net assets. |
| (6) | Non-income producing security. |
| (7) | Rate disclosed is the 7-day net yield as of January 31, 2026. |
| (8) | Affiliated issuer. |
| (9) | Unfunded or partially unfunded loan commitments. The Portfolio may enter into certain credit agreements for which all or a portion may be unfunded. The Portfolio is obligated to fund these commitments at the borrower's discretion. |
| (10) | Fund sells foreign currency, buys USD. |

---

------

---

| |
|:---|
| **TCW Senior Loan ETF** |
| SCHEDULE OF INVESTMENTS (Continued) |

---

The summary of the TCW Senior Loan ETF transactions in the affiliated funds for the period ended January 31, 2026 is as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name of Affiliated Fund** | **Value at<br>October 31,<br>2025** | **Purchases at<br>Cost** | **Proceeds from<br>Sales** | **Number of<br>Shares Held<br>January 31,<br>2026** | **Value at<br>January 31,<br>2026** | **Dividends and<br>Interest Income<br>Received** | **Distributions<br>Received from<br>Net Realized<br>Gain** | **Net change in<br>Unrealized Gain<br>(Loss) on<br>Investments** |
|  TCW Central Cash Fund | $10015712 | $29400000 | $18000000 | 21415712 | $21415712 | $194024 | $– $– $|  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total |  |  |  |  | $21415712 | $194024 | $– $– $|  |

---

------

---

| | |
|:---|:---|
| **TCW Senior Loan ETF** |  |
| Fair Valuation Summary (Unaudited) | January 31, 2026 |

---

The following is a summary of the fair valuations according to the inputs used as of January 31, 2026 in valuing the Fund's investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Quoted Prices in<br>Active Markets for<br>Identical Assets**<br>**(Level 1)** | **Other Significant<br>Observable Inputs**<br>**(Level 2)** | **Significant<br>Unobservable Inputs**<br>**(Level 3)** | **Total** |
|  Fixed Income Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank Loans | $— | $224605574 | $— | $224605574 |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds |  | 5581944 |  | 5581944 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Securities |  | 1306802 |  | 1306802 |
|  Total Fixed Income Securities |  | 231494320 |  | 231494320 |
|  Convertible Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Convertible Corporate Bonds |  | 107485 |  | 107485 |
|  Equity Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Money Market Investments | 22800164 |  |  | 22800164 |
| &nbsp;&nbsp;&nbsp;&nbsp; Common Stock |  | 414683 |  | 414683 |
| &nbsp;&nbsp;&nbsp;&nbsp; Preferred Stock |  | 187209 |  | 187209 |
| &nbsp;&nbsp;&nbsp;&nbsp; Warrants |  |  | 3 | 3 |
|  Total Equity Securities | 22800164 | 601892 | 3 | 23402059 |
|  Net Unrealized Appreciation (Depreciation) on Unfunded Commitments | $— | $1060 | $— | $1060 |
|  Total Investments | $22800164 | $232204757 | $3 | $255004924 |
|  Asset Derivatives |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Risk | 366 |  |  | 366 |
|  Total | $22800530 | $232204757 | $3 | $255005290 |
|  Liability Derivatives |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward Currency Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Risk | $— | $(2180) | $— | $(2180) |
|  Total | $— | $(2180) | $— | $(2180) |

---

------

**Note 1 – Security Valuations** 

Securities listed or traded on the NYSE and other stock exchanges were valued at the latest sale price on the exchange. Securities traded on the NASDAQ stock market ("NASDAQ") were valued during the period using official closing prices as reported by NASDAQ, which may not have been the last sale price. Investments in open-end mutual funds including money market funds were valued based on the NAV per share as reported by the investment companies. All other securities for which over-the-counter ("OTC") market quotations were readily available, including short-term securities, swap agreements and forward currency exchange contracts, were valued with prices furnished by independent pricing services or by broker-dealers.

**Shares Not Listed; No Market for Shares.** The TCW Private Asset Income Fund has been organized as a closed-end management investment company. Closed-end funds differ from open-end management investment companies (commonly known as mutual funds) because investors in a closed-end fund do not have the right to redeem their shares on a daily basis. Unlike most closed-end funds, which typically list their shares on a securities exchange, the TCW Private Asset Income Fund does not currently intend to list the Shares for trading on any securities exchange, and the TCW Private Asset Income Fund does not expect any secondary market to develop for the Shares in the foreseeable future. Therefore, an investment in the TCW Private Asset Income Fund, unlike an investment in a typical closed-end fund, is not a liquid investment

Pursuant to Rule 2a-5 under the 1940 Act, the Trust's Board of Trustees (the "Board", and each member thereof, a "Trustee") has designated the Adviser as the "valuation designee" with respect to the fair valuation of the Fund's portfolio securities, subject to oversight by and periodic reporting to the Board. Fair valued securities are those for which market quotations were not readily available, including in circumstances under which it was determined by the Adviser that prices received were not reflective of their market values.

Fair value is defined as the price that a Fund would receive upon selling an investment in a timely transaction to an independent buyer in the principal or most advantageous market for the investment. In accordance with the authoritative guidance on fair value measurements and disclosures under GAAP, the Funds disclose investments in their financial statements in a three-tier hierarchy. This hierarchy is utilized to establish classification of fair value measurements based on inputs. Inputs that go into fair value measurement refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability, developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity's own assumptions about the inputs market participants would use in pricing the asset or liability, developed based on the best information available in the circumstances.

The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

Level 1 – quoted prices in active markets for identical investments.

Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

Level 3 – significant unobservable inputs (including the Funds' own assumptions in determining the fair value of investments).

Changes in valuation techniques may result in transfers in or out of an investment's assigned Level within the hierarchy. The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in those investments and the determination of the significance of a particular input to the fair value measurement in its entirety requires judgment and consideration of factors specific to each security.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized as Level 3.

In periods of market dislocation, the observability of prices and inputs may be reduced for many instruments. This condition, as well as changes related to liquidity of investments, could cause a security to be reclassified between Level 1, Level 2, or Level 3.

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement.

**Fair Value Measurements:** Descriptions of the valuation techniques applied to the Funds' major categories of assets and liabilities measured at fair value on a recurring basis are as follows:

*Asset-backed securities ("ABS") and mortgage-backed securities ("MBS").* The fair value of ABS and MBS is estimated based on pricing models that consider the estimated cash flows of each debt tranche of the issuer, establish a benchmark yield, and develop an estimated tranche-specific spread to the benchmark yield based on the unique attributes of the tranche including, but not limited to, the prepayment speed assumptions and attributes of the collateral. To the extent the inputs are observable and timely, the values would be categorized as Level 2 of the fair value hierarchy; otherwise, they would be categorized as Level 3.

------

*Bank loans.* The fair value of bank loans is estimated using recently executed transactions, market price quotations, credit/market events, and cross-asset pricing. Inputs are generally observable and are obtained from independent sources. Bank loans are generally categorized as Level 2 of the fair value hierarchy; unless key inputs are unobservable; they would then be categorized as Level 3.

*Corporate bonds*. The fair value of corporate bonds is estimated using recently executed transactions, market price quotations (where observable), bond spreads, or credit default swap spreads adjusted for any basis difference between cash and derivative instruments. Corporate bonds are generally categorized as Level 2 of the fair value hierarchy; in instances where prices, spreads, or any of the other aforementioned key inputs are unobservable, they are categorized as Level 3 of the hierarchy.

*Foreign currency contracts.* The fair values of foreign currency contracts are derived from indices, reference rates, and other inputs or a combination of these factors. To the extent that these factors can be observed, foreign currency contracts are categorized as Level 2 of the fair value hierarchy.

*Futures contracts.* Futures contracts are generally valued at the settlement price established at the close of business each day by the exchange on which they are traded. They are categorized as Level 1. To the extent that valuation adjustments are observable and timely, the fair values of futures contracts would be categorized as Level 2; otherwise the fair values would be categorized as Level 3.

*Government and agency securities*. Government and agency securities are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, quoted market prices, and reference data. Accordingly, government and agency securities are normally categorized as Level 1 or 2 of the fair value hierarchy depending on the liquidity and transparency of the market.

*Money market funds*. Money market funds are open-end mutual funds that invest in short-term debt securities. To the extent that these funds are valued based upon the reported NAV, they are categorized as Level 1 of the fair value hierarchy.

*Municipal bonds.* Municipal bonds are fair valued based on pricing models that take into account, among other factors, information received from market makers and broker-dealers, current trades, bid-wanted lists, offerings, market movements, the callability of the bond, state of issuance, benchmark yield curves, and bond insurance. To the extent that these inputs are observable and timely, the fair values of municipal bonds are categorized as Level 2; otherwise, the fair values are categorized as Level 3.

*Options and Swaptions contracts*. Exchange-listed options contracts are traded on securities exchanges and are fair valued based on quoted prices from the applicable exchange, and to the extent valuation adjustments are not applied, they are categorized as Level 1. If valuation adjustments are applied and such adjustments are observable and timely, the fair values of exchange-listed options contracts would be categorized as Level 2; otherwise the fair values would be categorized as Level 3. Options and swaptions contracts traded over-the-counter ("OTC") are fair valued based on pricing models and incorporate various inputs such as interest rates, credit spreads, currency exchange rates and volatility measurements for in-the-money, at-the-money, and out-of-the-money contracts based on a given strike price. To the extent that these inputs are observable and timely, the fair values of OTC options and swaptions contracts would be categorized as Level 2; otherwise the fair values would be categorized as Level 3.

*Restricted securities*. Restricted securities, including illiquid Rule 144A securities, issued by non-public entities are categorized as Level 3 of the fair value hierarchy because they trade infrequently, and therefore the inputs are unobservable. Any other restricted securities valued similar to publicly traded securities may be categorized as Level 2 or 3 of the fair value hierarchy depending on whether a discount is applied and significant to the fair value.

*Short-term investments*. Short-term investments are valued using market price quotations, and are categorized as Level 1 or Level 2 of the fair value hierarchy.

*Warrants*. Warrants are generally valued based on quoted prices from the applicable exchange. To the extent these securities are actively traded, and valuation adjustments are not applied, they are generally categorized as Level 1 of the fair value hierarchy.

The summary of the inputs used as of January 31, 2026 in valuing the Funds' investments is listed after the Schedule of Investments for each Fund.

------

Following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining value:

---

| | | |
|:---|:---|:---|
| **TCW Core Plus Bond ETF** | **Asset-Backed<br>Securities** | **Total** |
|  Balance as of October 31, 2025 | $1571386 | $1571386 |
|  Accrued Discounts (Premiums) |  |  |
|  Realized Gain (Loss) |  |  |
|  Change in Unrealized Appreciation (Depreciation) | 14045 | 14045 |
|  Purchases |  |  |
|  Sales | (36301) | (36301) |
|  Transfers in to Level 3\*  |  |  |
|  Transfers out of Level 3\* |  |  |
|  Balance as of January 31, 2026 | $1549130 | $1549130 |
|  Change in Unrealized Appreciation (Depreciation) from Investments Still Held at January 31, 2026 | $14045 | $14045 |

---

*\** *Financial assets transferred between Level 2 and Level 3 were due to a change in observable and/or unobservable inputs.* 

------

---

| | | |
|:---|:---|:---|
| **TCW Corporate Bond ETF** | **Asset-Backed<br>Securities** | **Total** |
|  Balance as of October 31, 2025 | $30745 | $30745 |
|  Accrued Discounts (Premiums) |  |  |
|  Realized Gain (Loss) |  |  |
|  Change in Unrealized Appreciation (Depreciation) | 274 | 274 |
|  Purchases |  |  |
|  Sales | (710) | (710) |
|  Transfers in to Level 3\*  |  |  |
|  Transfers out of Level 3\* |  |  |
|  Balance as of January 31, 2026 | $30309 | $30309 |
|  Change in Unrealized Appreciation (Depreciation) from Investments Still Held at January 31, 2026 | $274 | $274 |

---

\* *Financial assets transferred between Level 2 and Level 3 were due to a change in observable and/or unobservable inputs.*

------

---

| | | | |
|:---|:---|:---|:---|
| **TCW Flexible Income ETF** | **Asset-Backed<br>Securities** | **Warrants** | **Total** |
|  Balance as of October 31, 2025 | $12511356 | $2 | $12511358 |
|  Accrued Discounts (Premiums) | 1607 |  | 1607 |
|  Realized Gain (Loss) | (500756) |  | (500756) |
|  Change in Unrealized Appreciation (Depreciation) | 546005 |  | 546005 |
|  Purchases | 8 |  | 8 |
|  Sales | (1631518) |  | (1631518) |
|  Transfers in to Level 3\*  | 98 |  | 98 |
|  Transfers out of Level 3\* | (3520672) |  | (3520672) |
|  Balance as of January 31, 2026 | $7406128 | $2 | $7406130 |
|  Change in Unrealized Appreciation (Depreciation) from Investments Still Held at January 31, 2026 | $2356 | $— | $2356 |

---

*\** *Financial assets transferred between Level 2 and Level 3 were due to a change in observable and/or unobservable inputs.*

------

---

| | | | |
|:---|:---|:---|:---|
| **TCW Senior Loan ETF** | **Bank Loans** | **Warrant** | **Total** |
|  Balance as of October 31, 2025 | $— | $3 | $3 |
|  Accrued Discounts (Premiums) | 30284 |  | 30284 |
|  Realized Gain (Loss) |  |  |  |
|  Change in Unrealized Appreciation (Depreciation) | (30284) |  | (30284) |
|  Purchases |  |  |  |
|  Sales |  |  |  |
|  Transfers in to Level 3\*  |  |  |  |
|  Transfers out of Level 3\* |  |  |  |
|  Balance as of January 31, 2026 | $— | $3 | $3 |
|  Change in Unrealized Appreciation (Depreciation) from Investments Still Held at January 31, 2026 | $(30284) | $— | $(30284) |

---

*\** *Financial assets transferred between Level 2 and Level 3 were due to a change in observable and/or unobservable inputs.*

------

Significant unobservable valuation inputs for Level 3 investments as of January 31, 2026 are as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **TCW Core Plus Bond ETF** | **Fair Value<br>at 1/31/2026** | **Valuation<br>Techniques** | **Unobservable<br>Input** | **Price or Price<br>Range** | **Average<br>Weighted<br>Price** | **Input to<br>Valuation<br>If Input<br>Increases** |
|  Asset-Backed Securities | $1549130 | Broker Quote | Offered Quote | $94.625 | $94.625 | Increase |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **TCW Corporate Bond ETF** | **Fair Value<br>at 1/31/2026** | **Valuation<br>Techniques** | **Unobservable<br>Input** | **Price or Price<br>Range** | **Average<br>Weighted<br>Price** | **Input to<br>Valuation<br>If Input<br>Increases** |
|  Asset-Backed Securities | $30309 | Broker Quote | Offered Quote | $94.625 | $94.625 | Increase |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **TCW Flexible Income ETF** | **Fair Value**<br>**at 1/31/2026** | **Valuation<br>Techniques** | **Unobservable**<br>**Input** | **Price or Price**<br>**Range** | **Average<br>Weighted<br>Price** | **Input to<br>Valuation<br>If Input<br>Increases** |
|  Asset-Backed Securities | $7406128 | Broker Quote / <br> Fair Value | Offered Quote / <br> Zero Market Value | $0.000 - $100.000 | $53.995 | Increase |
|  Warrants | $2 | Fair Value | Broker Pricing | $0.000 | $0.000 | Increase |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **TCW Senior Loan ETF** | **Fair Value**<br>**at 1/31/2026** | **Valuation<br>Techniques** | **Unobservable**<br>**Input** | **Price or Price**<br>**Range** | **Average<br>Weighted<br>Price** | **Input to<br>Valuation<br>If Input<br>Increases** |
|  Bank Loans | $0 | Fair Value | Broker Pricing | $0.000 | $0.000 | Increase |
|  Warrants | $3 | Fair Value | Broker Pricing | $0.000 | $0.000 | Increase |

---

------

**Note 2 – Portfolio Investments** 

**Mortgage-Backed and Other Asset-Backed Securities:** The Funds may invest in MBS which represent interests in pools of mortgages in which payments of both principal and interest on the securities are generally made monthly, in effect "passing through" monthly payments made by borrowers on the residential or commercial mortgage loans which underlie the securities (net of any fees paid to the issuer or guarantor of the securities). Mortgage pass-through securities differ from other forms of debt securities which normally provide for periodic payment of interest in fixed amounts with principal payments at maturity or specified call dates. The Funds may also invest in Collateralized Mortgage Obligations ("CMOs"). CMOs are debt obligations collateralized by residential or commercial mortgage loans or residential or commercial mortgage pass-through securities. Interest and principal are generally paid monthly. CMOs may be collateralized by whole mortgage loans or private mortgage pass-through securities but are more typically collateralized by portfolios of mortgage pass-through securities guaranteed by the Government National Mortgage Association (Ginnie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac) or Federal National Mortgage Corporation (Fannie Mae). The issuer of a series of CMOs may elect to be treated for tax purposes as a Real Estate Mortgage Investment Conduit. CMOs are structured into multiple classes, each bearing a different stated maturity. Monthly payment of principal received from the pool of underlying mortgages, including prepayments, is first returned to investors holding the shortest maturity class. Investors holding the longer maturity classes usually receive principal only after shorter classes have been retired. An investor may be partially protected against a sooner than desired return of principal because of the sequential payments. The Funds may invest in stripped MBS. Stripped MBS are usually structured with two classes that receive different proportions of the interest and principal distributions on a pool of mortgage assets. In certain cases, one class will receive all of the interest (the interest only or "IO" class), while the other class will receive all of the principal (the principal only or "PO" class). The yield to maturity on IOs is sensitive to the rate of principal repayments (including prepayments) on the related underlying mortgage assets, and principal payments may have a material effect on yield to maturity. If the underlying mortgage assets experience greater than anticipated prepayments of principal, the Funds may not fully recoup their initial investment in IOs. Mortgage-backed and other asset-backed securities held by the Funds at January 31, 2026 are listed in each Fund's Schedule of Investments.

**Inflation-Indexed Bonds:** The Funds may invest in inflation-indexed bonds, which are fixed income securities whose principal value or coupon is periodically adjusted according to the rate of inflation. Any increase or decrease in the principal amount of an inflation-indexed bond will be included as interest income.

Inflation-indexed securities issued by the U.S. Treasury have maturities of five, ten, twenty, or thirty years, although it is possible that securities with other maturities will be issued in the future. The U.S. Treasury securities pay interest on a semi-annual basis, equal to a fixed percentage of the inflation-adjusted principal amount.

If the periodic adjustment rate measuring inflation falls, the principal value of inflation-indexed bonds will be adjusted downward, and consequently the interest payable on these securities (calculated with respect to a smaller principal amount) will be reduced. Repayment of the original bond principal upon maturity (as adjusted for inflation) is guaranteed in the case of U.S. Treasury inflation-indexed bonds, even during a period of deflation. However, the current market value of the bonds is not guaranteed, and will fluctuate. The Funds may also invest in other inflation- related bonds which may or may not provide a similar guarantee. If a guarantee of principal is not provided, the adjusted principal value of the bond repaid at maturity may be less than the original principal.

The value of inflation-indexed bonds is expected to change in response to changes in real interest rates. Real interest rates in turn are tied to the relationship between nominal interest rates and the rate of inflation. Therefore, if inflation were to rise at a faster rate than nominal interest rates, real interest rates might decline, leading to an increase in value of inflation-indexed bonds. In contrast, if nominal interest rates increased at a faster rate than inflation, real interest rates might rise, leading to a decrease in value of inflation-indexed bonds.

While the values of these securities are expected to be protected from long-term inflationary trends, short-term increases in inflation may lead to declines in values. If interest rates rise due to reasons other than inflation (for example, due to changes in currency exchange rates), investors in these securities may not be protected to the extent that the increase is not reflected in the bond's inflation measure.

------

**When-Issued, Delayed-Delivery, To Be Announced ("TBA") and Forward Commitment Transactions:** The Funds may enter into when-issued, delayed-delivery, TBA or forward commitment transactions in order to lock in the purchase price of the underlying security or to adjust the interest rate exposure of each Fund's existing portfolio. In when-issued, delayed-delivery, TBA or forward commitment transactions, the Funds commit to purchase or sell particular securities, with payment and delivery to take place at a future date. Although the Funds do not pay for the securities or start earning interest on them until they are delivered, it immediately assumes the risks of ownership, including the risk of price fluctuation. If a Fund's counterparty fails to deliver a security purchased on a when-issued, delayed-delivery, TBA or forward commitment basis, there may be a loss, and the Funds may have missed an opportunity to make an alternative investment.

Prior to settlement of these transactions, the value of the subject securities will fluctuate with market conditions. In addition, because the Funds are not required to pay for when-issued, delayed-delivery, TBA or forward commitment securities until the delivery date, they may result in a form of leverage to the extent the Funds do not set aside liquid assets to cover the commitment. To guard against this deemed leverage, the Funds monitors the obligations under these transactions on a daily basis and ensures that the Funds have sufficient liquid assets to cover them.

**Dollar Roll Transactions:** The Funds may enter into dollar roll transactions with financial institutions to take advantage of opportunities in the MBS market. A dollar roll transaction involves a simultaneous sale of securities by a Fund with an agreement to repurchase substantially similar securities at an agreed upon price and date, but generally will be collateralized at time of delivery by different pools of mortgages with different prepayment histories than those securities sold. These transactions are accounted for as financing transactions as opposed to sales and purchases. The differential between the sale price and the repurchase price is recorded as deferred income and recognized between the settlement dates of the sale and repurchase. During the period between the sale and repurchase, the Funds will not be entitled to receive interest and principal payments on the securities sold. Dollar roll transactions involve risk that the market value of the security sold by the Funds may decline below the repurchase price of the security and the counterparties may potentially be unable to complete the transaction. There were no such transactions by the Funds for the period ended January 31, 2026.

**Repurchase Agreements:** The Funds may enter into repurchase agreements under the terms of a Master Repurchase Agreement ("MRA"). In a repurchase agreement, the Funds purchase a security from a counterparty who agrees to repurchase the same security at a mutually agreed upon date and price. The MRA permits the Funds, under certain circumstances including an event of default (such as bankruptcy or insolvency), to offset payables and/or receivables under the MRA with collateral held and/or posted to the counterparty and create one single net payment due to or from the Funds. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against such a right of offset in the event of the MRA counterparty's bankruptcy or insolvency. Pursuant to the terms of the MRA, the Funds receive securities as collateral with a market value in excess of the repurchase price. Upon a bankruptcy or insolvency of the MRA counterparty, the Funds recognize a liability with respect to such excess collateral to reflect a Fund's obligation under bankruptcy law to return the excess to the counterparty. There were no repurchase agreements outstanding as of January 31, 2026.

**Reverse Repurchase Agreements:** The Funds may enter into reverse repurchase agreements. Under a reverse repurchase agreement, the Funds sell portfolio assets subject to an agreement by the Funds to repurchase the same assets at an agreed upon price and date. The Funds may utilize reverse repurchase agreements when it is anticipated that the interest income to be earned from the investment of the proceeds of the transaction is greater than the interest expense of the transaction. During the term of the reverse repurchase agreement, the Funds continue to receive the principal and interest payments on the securities sold. There were no reverse repurchase agreements outstanding during the period ended January 31, 2026.

**Securities Lending:** The Funds may lend their securities to qualified brokers. The loans must be collateralized at all times primarily with cash although the Funds can accept money market instruments or U.S. Government securities with a market value at least equal to the market value of the securities on loan. As with any extensions of credit, the Funds may bear the risk of delay in recovery or even loss of rights in the collateral if the borrowers of the securities fail financially. The Funds earn additional income for lending its securities by investing the cash collateral in short-term investments. The Funds did not lend any securities during the period ended January 31, 2026..

------

**Derivatives:** 

**Forward Currency Exchange Contracts:** The Funds enter into forward currency exchange contracts as a hedge against fluctuations in foreign exchange rates. Forward currency exchange contracts are marked-to-market daily and the change in market value is recorded by the Funds as unrealized gains or losses in the Statement of Assets and Liabilities. When a contract is closed or delivery is taken, the Funds record a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed. Risks may arise upon entering into these contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of the foreign currency relative to the U.S. dollar. Outstanding forward currency exchange contracts at January 31, 2026 are disclosed in the Schedule of Investments.

**Futures Contracts:** The Funds may enter into futures contracts. The Funds may seek to manage a variety of different risks through the use of futures contracts, such as interest rate risk, equity price risk, and currency risk. The Funds may use index futures to hedge against broad market risks to its portfolio or to gain broad market exposure. Securities index futures contracts are contracts to buy or sell units of a securities index at a specified future date at a price agreed upon when the contract is made, and are settled in cash. Positions in futures may be closed out only on an exchange or board of trade which provides a secondary market for such futures. Because futures contracts are exchange-traded, they typically have minimal exposure to counterparty risk. Parties to a futures contract are not required to post the entire notional amount of the contract, but rather a small percentage of that amount (by way of margin), both at the time they enter into futures transactions, and then on a daily basis if their positions decline in value; as a result, futures contracts are highly leveraged. Such payments are known as variation margin and are recorded by the Funds as unrealized gains or losses. Because futures markets are highly leveraged, they can be extremely volatile, and there can be no assurance that the pricing of a futures contract will correlate precisely with the pricing of the asset or index underlying it or the asset or liability of the Funds that is the subject of the hedge. It may not always be possible for the Funds to enter into a closing transaction with respect to a futures contract it has entered into at a favorable time or price. When the Funds enter into a futures transaction, they are subject to the risk that the value of the futures contract will move in a direction unfavorable to it.

When the Funds use futures contracts for hedging purposes, it is likely that the Funds will have an asset or liability that will offset any loss (or gain) on the transactions, at least in part. When a futures contract is closed, the Funds record a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed. During the period ended January 31, 2026, the Funds utilized futures to help manage interest rate duration and credit market exposure. Futures contracts outstanding at January 31, 2026 are listed in each Fund's Schedule of Investments.

**Options:** The Funds may purchase and sell put and call options on a security or an index of securities to enhance investment performance and/or to protect against changes in market prices. The Funds may also enter into currency options to hedge against or to take advantage of currency fluctuations.

A call option gives the holder the right to purchase, and obligates the writer to sell, a security at the strike price at any time before the expiration date. A put option gives the holder the right to sell, and obligates the writer to buy, a security at the exercise price at any time before the expiration date. The Funds may purchase put options to protect portfolio holdings against a decline in market value of a security or securities held by it. The Funds may also purchase a put option hoping to profit from an anticipated decline in the value of the underlying security. If the Funds hold the security underlying the option, the option premium and any transaction costs will reduce any profit the Funds might have realized had it sold the underlying security instead of buying the put option. The Funds may purchase call options to hedge against an increase in the price of securities that the Funds ultimately want to buy. The Funds may also purchase a call option as a long directional investment hoping to profit from an anticipated increase in the value of the underlying security. In order for a call option to be profitable, the market price of the underlying security must rise sufficiently above the exercise price to cover the premium and transaction costs. These costs will reduce any profit the Funds might have realized had it bought the underlying security at the time it purchased the call option.

Purchasing foreign currency options gives the Funds the right, but not the obligation, to buy or sell specified amounts of currency at a rate of exchange that may be exercised by a certain date. These currency options may be used as a short or long hedge against possible variations in foreign exchange rates or to gain exposure to foreign currencies.

------

When a Fund purchases an option, it runs the risk that it will lose its entire investment in the option in a relatively short period of time, unless a Fund exercises the option or enters into a closing sale transaction before the option's expiration. If the price of the underlying security does not rise (in the case of a call) or fall (in the case of a put) to an extent sufficient to cover the option premium and transaction costs, a Fund will lose part or all of its investment in the option. Premiums paid for purchasing options that expire are treated as realized losses.

Options purchased or sold by the Funds may be traded on a securities or options exchange. Such options typically have minimal exposure to counterparty risk. However, an exchange or market may at times find it necessary to impose restrictions on particular types of options transactions, such as opening transactions. If an underlying security ceases to meet qualifications imposed by an exchange or the Options Clearing Corporation, new series of options on that security will no longer be opened to replace the expiring series, and opening transactions in existing series may be prohibited.

OTC options are options not traded on exchanges or backed by clearinghouses. Rather, they are entered into directly between the Funds and the counterparty to the option. In the case of an OTC option purchased by the Funds, the value of the option to the Funds will depend on the willingness and ability of the option writer to perform its obligations to the Funds. In addition, OTC options may not be transferable and there may be little or no secondary market for them, so they may be considered illiquid. It may not be possible to enter into closing transactions with respect to OTC options or otherwise to terminate such options, and as a result the Funds may be required to remain obligated on an unfavorable OTC option until its expiration.

**Swap Agreements:** The Funds may enter into swap agreements. Swap agreements are typically two-party contracts entered into primarily by institutional investors. In a standard "swap" transaction, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on particular predetermined investments or instruments, which may be adjusted for an interest factor. The gross returns to be exchanged or "swapped" between the parties are generally calculated with respect to a "notional amount" (i.e., the return on or increase in value of a particular dollar amount invested at a particular interest rate or in a "basket" of securities representing a particular index).

In a total return swap, one party typically agrees to pay to the other a short-term interest rate in return for a payment at one or more times in the future based on the increase in the value of an underlying security or other asset, or index of securities or assets; if the underlying security, asset, or index declines in value, the party that pays the short-term interest rate must also pay to its counterparty a payment based on the amount of the decline. The Funds may take either side of such a swap, and so may take a long or short position in the underlying security, asset, or index. The Funds may enter into a total return swap to hedge against an exposure in its portfolio — such as interest rate risk (including to adjust the duration or credit quality of the Fund's bond portfolio), equity risk, or credit risk — or generally to put cash to work efficiently in the markets in anticipation of, or as a replacement for, cash investments. The Funds may also enter into a total return swap to gain exposure to securities or markets in which it might not be able to invest directly (in so-called market access transactions).

Interest rate swaps are agreements in which one party pays a floating rate of interest on a notional principal amount and receives a fixed rate of interest on the same notional principal amount for a specified period of time. Alternatively, a party may pay a fixed rate and receive a floating rate. In more complex swaps, the notional principal amount may decline (or amortize) over time. The Fund's maximum risk of loss due to counterparty default is the discounted NAV of the cash flows paid to/received from the counterparty over the interest rate swap's remaining life.

The Funds may write (sell) and purchase put and call swaptions. Swaption contracts written by the Funds represent an option that gives the purchaser the right, but not the obligation, to enter into a new swap agreement, or to shorten, extend, cancel or modify an existing swap agreement, on a future date on specified terms. See "Swap Agreements" below. Depending on the terms of the particular option agreement, the Funds will generally incur a greater degree of risk when it writes a swaption than it will incur when it purchases a swaption. When the Funds purchase a swaption, it risks losing only the amount of the premium it has paid should it decide to let the option expire unexercised. However, when the Funds write swaption, upon exercise of the option the Funds will become obligated according to the terms of the underlying agreement.

------

The Funds may enter into credit default swap transactions as a "buyer" or "seller" of credit protection. In a credit default swap, one party provides what is in effect insurance against a default or other adverse credit event affecting an issuer of debt securities (typically referred to as a "reference entity"). In general, the buyer of credit protection is obligated to pay the protection seller an upfront amount or a periodic stream of payments over the term of the swap. If a "credit event" occurs, the buyer has the right to deliver to the seller bonds (or other obligations of the reference entity with a value up to the full notional value of the swap), and to receive a payment equal to the par value of the bonds or other obligations. Credit events that would trigger a request that the seller make payment are specific to each credit default swap agreement, but generally include bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default, or repudiation/moratorium. When the Funds buy protection, they may or may not own securities of the reference entity. When the Funds sell protection under a credit default swap, the position may have the effect of creating leverage in the Fund's portfolio through the Fund's indirect long exposure to the issuer or securities on which the swap is written. When the Funds sell protection, they may do so either to earn additional income or to create such a "synthetic" long position.

Whenever the Funds enter into a swap agreement, it takes on counterparty risk — the risk that its counterparty will be unable or unwilling to meet its obligations under the swap agreement. The Funds also take the risk that the market will move against its position in the swap agreement. In the case of a total return swap, the swap will change in value depending on the change in value of the asset or index on which the swap is written. When the Funds enter into any type of swap for hedging purposes, it is likely that the Funds will have an asset or liability that will offset any loss (or gain) on the swap, at least in part. Swap agreements may be non-transferable or otherwise highly illiquid, and the Funds may not be able to terminate or transfer a swap agreement at any particular time or at an acceptable price.

During the term of a swap transaction, changes in the value of the swap are recognized as unrealized gains or losses by marking-to-market to reflect the market value of the swap. When the swap is terminated, the Funds will record a realized gain or loss equal to the difference, if any, between the proceeds from (or cost of) the closing transaction and the Fund's basis in the agreement. Upfront swap premium payments paid or received by the Funds, if any, are recorded within the value of the open swap agreement on the Fund's Statement of Assets and Liabilities and represent payments paid or received upon entering into the swap agreement to compensate for differences between stated terms of the swap agreement and prevailing market conditions (credit spreads, currency exchange rates, and other relevant factors). These upfront payments are recorded as realized gains or losses on the Fund's Statement of Operations upon termination or maturity of the swap agreement.

During the term of a swap transaction, the periodic net payments can be made for a set period of time or may be triggered by a predetermined credit event. The net periodic payments may be based on a fixed or variable interest rate, the change in market value of a specified security, basket of securities or index, or the return generated by a security. These periodic payments received or made by the Funds are recorded as realized gains and losses, respectively. There were no swap agreements outstanding during the period ended January 31, 2026.

**Note 3 – Restricted Securities** 

The Funds are permitted to invest in securities that have legal or contractual restrictions on resale. These securities may be sold privately, but are required to be registered before being sold to the public (exemption rules apply). Private placement securities are generally considered to be restricted except for those securities traded between qualified institutional investors under the provisions of Rule 144A of the Securities Act of 1933, as amended (the "Securities Act"). However, the Company considers 144A securities to be restricted if those securities have been deemed illiquid. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Restricted securities held by the Funds at January 31, 2026 are listed below:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Issuer Description** | **Acquisition<br>Date** | **Acquisition<br>Cost** | **Aggregate<br>Value** | **Percentage<br>of Net Assets** |
|  **TCW Core Plus Bond ETF** |  |  |  |  |
|  ModivCare, Inc., 5.00%, 10/01/29 | 05/18/23 | $675902 | $13167 | 0.01% |
|  |  | $675902 | $13167 | 0.01% |
| **Issuer Description** | **Acquisition<br>Date** | **Acquisition<br>Cost** | **Aggregate<br>Value** | **Percentage<br>of Net Assets** |
|  **TCW Flexible Income ETF** |  |  |  |  |
|  COMM Mortgage Trust Series 2012-LC4, Class XB (I/O), 0.43%, 12/10/44 | 01/22/19 | $11116 | $12 | 0.00% |
|  ModivCare, Inc., 5.00%, 10/01/29 | 01/14/26 | 465251 | 11167 | 0.00% |
|  Invesco CLO Ltd. Series 2021-2A, Class Y, 0.00%, 07/15/34 | 03/27/25 | 5 | 0 | 0.00% |
|  Invesco U.S. CLO Ltd. Series 2024-4A, Class Y, 0.05%, 01/15/38 | 11/25/24 | 0 | 0 | 0.00% |
|  Morgan Stanley Bank of America Merrill Lynch Trust Series 2012-C5, Class XC (I/O), 0.13%, 08/15/45 | 04/14/20 | 32279 | 151 | 0.00% |
|  New Mountain CLO 8 Ltd. Series CLO-8A, Class M, 0.00%, 10/20/38 | 09/16/25 | 40 | 0 | 0.00% |
|  WFRBS Commercial Mortgage Trust Series 2012-C10, Class XB (I/O), 0.33%, 12/15/45 | 04/21/20 | 308196 | 466 | 0.00% |
|  |  | $816887 | $11796 | 0.00% |
| **Issuer Description** | **Acquisition<br>Date** | **Acquisition<br>Cost** | **Aggregate<br>Value** | **Percentage<br>of Net Assets** |
|  **TCW High Yield Bond ETF** |  |  |  |  |
|  ModivCare, Inc., 5.00%, 10/01/29 | 05/18/23 | $175965 | $3150 | 0.00% |
|  |  | $175965 | $3150 | 0.00% |
| **Issuer Description** | **Acquisition<br>Date** | **Acquisition<br>Cost** | **Aggregate<br>Value** | **Percentage<br>of Net Assets** |
|  **TCW Multisector Credit Income ETF** |  |  |  |  |
|  ModivCare, Inc., 5.00%, 10/01/29 | 11/15/24 | $186818 | $3875 | 0.01% |
|  |  | $186818 | $3875 | 0.01% |

---

------

**Note 4 – Commitments and Contingencies** 

The following Funds had unfunded commitments and unrealized gain (loss) by investment as of January 31, 2026:

---

| | | | |
|:---|:---|:---|:---|
|  **TCW Core Plus Bond ETF** | | | |
| **UNFUNDED COMMITMENTS** | <br>**MATURITY** | <br>**AMOUNT** | <br>**UNREALIZED<br>GAIN (LOSS)** |
|  GC Ferry Acquisition I, Inc., Delayed Draw Term Loan | 08/16/32 | $17507 | $(130) |
|  Raven Acquisition Holdings LLC, Delayed Draw Term Loan | 11/19/31 | 10047 | (124) |
|  |  | 27554 | (254) |
|  **TCW Flexible Income ETF** |  |  |  |
| **UNFUNDED COMMITMENTS** | **MATURITY** | **AMOUNT** | **UNREALIZED<br>GAIN (LOSS)** |
|  American Rock Salt Company LLC, 2024 First Out Delayed Draw Term Loan | 06/09/28 | $47311 | $252 |
|  GC Ferry Acquisition I Inc., Delayed Draw Term Loan | 08/16/32 | 232959 | (1401) |
|  Raven Acquisition Holdings LLC | 11/19/31 | 66979 | (243) |
|  |  | 347249 | (1392) |
|  **TCW Multisector Credit Income ETF** |  |  |  |
| **UNFUNDED COMMITMENTS** | **MATURITY** | **AMOUNT** | **UNREALIZED<br>GAIN (LOSS)** |
|  Air Comm Corporation, LLC, 2025 Delayed Draw Term Loan | 12/11/31 | $11538 | $34 |
|  Archkey Solutions LLC, 2024 Delayed Draw Term Loan B | 11/01/31 | 25862 | 132 |
|  GC Ferry Acquisition I Inc., Delayed Draw Term Loan | 08/16/32 | 18229 | (117) |
|  |  | 55629 | 49 |
|  **TCW Senior Loan ETF** |  |  |  |
| **UNFUNDED COMMITMENTS** | **MATURITY** | **AMOUNT** | **UNREALIZED<br>GAIN (LOSS)** |
|  Air Comm Corporation, LLC, 2025 Delayed Draw Term Loan | 12/11/31 | $16248 | $47 |
|  American Rock Salt Company LLC, 2024 First Out Delayed Draw Term Loan | 06/09/28 | 140786 | 748 |
|  Archkey Solutions LLC, 2024 Delayed Draw Term Loan B | 11/01/31 | 122605 | 1897 |
|  GC Ferry Acquisition I Inc., Delayed Draw Term Loan | 08/16/32 | 72917 | (467) |
|  Liquid Tech Solutions LLC, 2025 Delayed Draw Term Loan | 10/12/32 | 23220 | (115) |
|  QuidelOrtho Corp., Delayed Draw Term Loan A | 08/21/30 | 84807 | 273 |
|  Secretariat Advisors, LLC, 2025 Delayed Draw Term Loan | 02/28/32 | 149343 | 1273 |
|  Splat Super Holdco, LLC, 2025 Delayed Draw Term Loan | 07/02/32 | 53976 | (3351) |
|  US Fertility Enterprises LLC, 2025 Delayed Draw Term Loan | 12/30/32 | 131579 | 755 |
|  |  | 795481 | 1060 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** TCW ETF Trust

- **b. Investment Company Act file number:** 811-23617

- **c. CIK number of Registrant:** 0001831313

- **d. LEI of Registrant:** 549300NV06RWMAEJ2V61

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

  - **Street Address 1:** 515 South Flower Street

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90071

  - **Telephone number:** 213-244-0000

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

- **a. Name of Series:** TCW Flexible Income ETF

- **b. EDGAR series identifier (if any):** S000085545

- **c. LEI of Series:** 5493004ZM793OILX8W61

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

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

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2958168567.76

**Total Liabilities:** $352096033.71

**Net Assets:** $2606072534.05

**Delayed Delivery Securities:** $148182908.80

**Cash Not Reported:** $7216391.28

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -2347.03000000 | **1-Year:** -47751.02000000 | **5-Year:** -124353.41000000 | **10-Year:** -98857.26000000 | **30-Year:** -29210.18000000

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

- **3-Month:** -3935.97000000 | **1-Year:** -72256.40000000 | **5-Year:** -182150.65000000 | **10-Year:** -116507.29000000 | **30-Year:** -40827.22000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000250838 | 0.54%                | 0.38%                | 0.47%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1853247.21             | $2989558.13                                |
| Month 2  | $-733901.86              | $-1592569.56                               |
| Month 3  | $387724.32               | $933414.32                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AAL Delaware Holdco Inc                                                             | AAL Delaware Holdco Inc 2025 Term Loan                                           | CUSIP: 00036YAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    997481 | PA      | $999665.59    | 0.04%             | 2031-07-30      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| ABG Intermediate Holdings 2 LLC                                                     | ABG Intermediate Holdings 2 LLC 2024 1st Lien Term Loan B                        | CUSIP: 00076VBL3<br>LEI: 54930020NXD0RJB64985 | Long             | LON              | CORP              | US        |   1226954 | PA      | $1227794.02   | 0.05%             | 2028-12-21      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Americold LLC Trust                                                                 | ACRE Multifamily Housing Mortgage Loan Trust 2022-Q018                           | CUSIP: 00091WAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3070725 | PA      | $3067669.58   | 0.12%             | 2027-06-25      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                                                        | ADT Security Corp/The                                                            | CUSIP: 00109LAB9<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |    650000 | PA      | $659483.50    | 0.03%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ACP Tara Holdings Inc                                                               | ACP Tara Holdings Inc 2025 Term Loan B                                           | CUSIP: 00110HAG4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $1006250.00   | 0.04%             | 2032-12-15      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| ACRA Trust 2024-NQM1                                                                | ACRA Trust 2024-NQM1                                                             | CUSIP: 00112EAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1470000 | PA      | $1489404.15   | 0.06%             | 2064-10-25      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| AGNC Investment Corp                                                                | AGNC Investment Corp                                                             | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               |  | US        |     25500 | NS      | $290700.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AI Aqua Merger Sub Inc                                                              | AI Aqua Merger Sub Inc 2024 1st Lien Term Loan B                                 | CUSIP: 00132UAP9<br>LEI: 5493005QMH1D47U26R45 | Long             | LON              | CORP              | US        |   1136708 | PA      | $1138418.86   | 0.04%             | 2028-07-31      | Floating      | 6.85%                 | No            |                  2 | On Loan: No      |
| Aimco                                                                               | Aimco CLO 14 Ltd                                                                 | CUSIP: 00144FAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    700000 | PA      | $467644.80    | 0.02%             | 2038-10-20      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| AMC NETWORKS INC                                                                    | AMC Networks Inc                                                                 | CUSIP: 00164VAG8<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |    772000 | PA      | $805875.36    | 0.03%             | 2029-01-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| American Money Management Corporation                                               | AMMC CLO 27 Ltd                                                                  | CUSIP: 00173UAY0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3002106.00   | 0.12%             | 2037-01-20      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| American Money Management Corporation                                               | AMMC CLO 23 Ltd                                                                  | CUSIP: 00177JCC7<br>LEI: 549300ICO4ZE2FVC2Y46 | Long             | ABS-CBDO         | CORP              | KY        |   3200000 | PA      | $3218806.40   | 0.12%             | 2038-07-17      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| American Money Management Corporation                                               | AMMC CLO 24 Ltd                                                                  | CUSIP: 00177LAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    700000 | PA      | $700991.90    | 0.03%             | 2035-01-20      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                                                                          | AMSR 2024-SFR1 Trust                                                             | CUSIP: 00179CAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4653000 | PA      | $4475411.28   | 0.17%             | 2041-07-17      | Variable      | 4.29%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                                                                          | AMSR 2021-SFR1 Trust                                                             | CUSIP: 00179DAH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2445856.25   | 0.09%             | 2038-06-17      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                                                                          | AMSR 2021-SFR2 Trust                                                             | CUSIP: 00179VAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1225000 | PA      | $1209753.04   | 0.05%             | 2038-08-17      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                                                                          | AMSR 2021-SFR2 Trust                                                             | CUSIP: 00179VAH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3850000 | PA      | $3805736.55   | 0.15%             | 2038-08-17      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                                                                          | AMSR 2022-SFR1 Trust                                                             | CUSIP: 00179WAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3150000 | PA      | $3140454.24   | 0.12%             | 2039-03-17      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                                                                          | AMSR 2022-SFR1 Trust                                                             | CUSIP: 00179WAH7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3290000 | PA      | $3245233.30   | 0.12%             | 2039-03-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                                                                          | AMSR 2025-SFR2 Trust                                                             | CUSIP: 00180BAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4560000 | PA      | $4267553.98   | 0.16%             | 2042-11-17      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                                                                          | AMSR 2021-SFR3 Trust                                                             | CUSIP: 00180UAH8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4260000 | PA      | $4210660.68   | 0.16%             | 2038-10-17      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                                                                          | AMSR 2021-SFR3 Trust                                                             | CUSIP: 00180UAJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1492584.90   | 0.06%             | 2038-10-17      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                                                                          | AMSR 2021-SFR3 Trust                                                             | CUSIP: 00180UAK1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4520000 | PA      | $4515626.90   | 0.17%             | 2038-10-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                                                                          | AMSR 2025-SFR1 Trust                                                             | CUSIP: 00182MAN1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2697922.80   | 0.10%             | 2042-06-17      | Fixed         | 3.66%                 | No            |                  2 | On Loan: No      |
| ASP Dream Acquisition Co LLC                                                        | ASP Dream Acquisition Co LLC Term Loan B                                         | CUSIP: 00217BAB0<br>LEI: 254900DH5Q9BDS6KS803 | Long             | LON              | CORP              | US        |   1120022 | PA      | $1068685.89   | 0.04%             | 2028-12-15      | Floating      | 8.02%                 | No            |                  2 | On Loan: No      |
| Arizona Biltmore Trust                                                              | ARZ Trust 2024-BILT                                                              | CUSIP: 00218TAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2325000 | PA      | $2417821.67   | 0.09%             | 2039-06-11      | Fixed         | 8.27%                 | No            |                  2 | On Loan: No      |
| Arizona Biltmore Trust                                                              | ARZ Trust 2024-BILT                                                              | CUSIP: 00218TAQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2400000 | PA      | $2492103.12   | 0.10%             | 2039-06-11      | Fixed         | 8.80%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                                                            | American Airlines Inc/AAdvantage Loyalty IP Ltd                                  | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1563000 | PA      | $1580802.57   | 0.06%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Abry Liquid Credit CLO Ltd                                                          | Abry Liquid Credit CLO 2025-2 Ltd                                                | CUSIP: 003943AG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5750000 | PA      | $5773431.25   | 0.22%             | 2039-01-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Access CIG LLC                                                                      | Access CIG LLC 2025 Term Loan                                                    | CUSIP: 00435CAV0<br>LEI: 5493002EU9Z6IQMPAN35 | Long             | LON              | CORP              | US        |    992475 | PA      | $942027.14    | 0.04%             | 2030-08-19      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                                              | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    522000 | PA      | $505885.86    | 0.02%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                                              | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    405000 | PA      | $400881.15    | 0.02%             | 2029-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ACREC LLC                                                                           | ACREC 2026-FL4 LLC                                                               | CUSIP: 004970AD1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4007502.40   | 0.15%             | 2043-01-18      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| The Action Environmental Group Inc                                                  | The Action Environmental Group Inc 2023 Term Loan B                              | CUSIP: 00507JAF3<br>LEI: 549300BB30QUQC86W666 | Long             | LON              | CORP              | US        |    997462 | PA      | $998090.33    | 0.04%             | 2030-10-24      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| ADMI Corp                                                                           | ADMI Corp 2021 Term Loan B2                                                      | CUSIP: 00709LAH0<br>LEI: 5493008U1LYGMQWO7N12 | Long             | LON              | CORP              | US        |    420081 | PA      | $402122.58    | 0.02%             | 2027-12-23      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| ADMI Corp                                                                           | ADMI Corp 2021 Incremental Term Loan B3                                          | CUSIP: 00709LAJ6<br>LEI: 5493008U1LYGMQWO7N12 | Long             | LON              | CORP              | US        |    494832 | PA      | $473492.41    | 0.02%             | 2027-12-23      | Floating      | 7.54%                 | No            |                  2 | On Loan: No      |
| ADMI Corp                                                                           | ADMI Corp 2023 Term Loan B5                                                      | CUSIP: 00709LAL1<br>LEI: 5493008U1LYGMQWO7N12 | Long             | LON              | CORP              | US        |     83040 | PA      | $80964.49     | 0.00%             | 2027-12-23      | Floating      | 9.42%                 | No            |                  2 | On Loan: No      |
| ADTALEM GLOBAL EDUCATION                                                            | Adtalem Global Education Inc                                                     | CUSIP: 00737WAA7<br>LEI: 549300Z467EZLMODV621 | Long             | DBT              | CORP              | US        |   2012000 | PA      | $2010651.96   | 0.08%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Advantage Sales & Marketing Inc                                                     | Advantage Sales & Marketing Inc 2024 Term Loan                                   | CUSIP: 00769EBA7<br>LEI: 549300T4O24KQDED1182 | Long             | LON              | CORP              | US        |   1076764 | PA      | $913752.76    | 0.04%             | 2027-10-28      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                            | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                        | CUSIP: 00774MAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |      5000 | PA      | $4986.95      | 0.00%             | 2028-01-23      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                            | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                        | CUSIP: 00774MAV7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    123000 | PA      | $121638.39    | 0.00%             | 2026-10-29      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| American Home Mortgage Assets                                                       | American Home Mortgage Assets Trust 2006-6                                       | CUSIP: 008684AF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  17268702 | PA      | $72709.87     | 0.00%             | 2046-12-25      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| Aimco                                                                               | AIMCO CLO Series 2017-A                                                          | CUSIP: 00900DAE2<br>LEI: 549300MMTPNJGGRMPB33 | Long             | ABS-CBDO         | CORP              | KY        |   4250000 | PA      | $1899482.25   | 0.07%             | 2038-01-20      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Ajax Mortgage Loan Trust                                                            | Ajax Mortgage Loan Trust 2021-D                                                  | CUSIP: 009723AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2689919 | PA      | $2692144.93   | 0.10%             | 2060-03-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Albion Financing 3 SARL                                                             | Albion Financing 3 SARL 2025 USD Term Loan                                       | CUSIP: 01330EAD0<br>LEI: 213800VFJ5CIN2NUQ821 | Long             | LON              | CORP              | US        |    995000 | PA      | $992358.28    | 0.04%             | 2031-05-21      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| Alinea CLO LTD                                                                      | Alinea CLO 2018-1 Ltd                                                            | CUSIP: 016269AL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $751223.25    | 0.03%             | 2031-07-20      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Aligned Data Centers Issuers LLC                                                    | Aligned Data Centers Issuer LLC                                                  | CUSIP: 01627AAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4505000 | PA      | $4515155.62   | 0.17%             | 2047-10-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Allegro CLO Ltd                                                                     | Allegro CLO XVI Ltd                                                              | CUSIP: 01749FAE0<br>LEI: 213800XPKDKUTQ6UKE25 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1004141.00   | 0.04%             | 2037-04-25      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| ALLIANT ENERGY CORP                                                                 | Alliant Energy Corp                                                              | CUSIP: 018802AF5<br>LEI: 5493009ML300G373MZ12 | Long             | DBT              | CORP              | US        |   3630000 | PA      | $3607457.70   | 0.14%             | 2056-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ALLIANT ENERGY FINANCE                                                              | Alliant Energy Finance LLC                                                       | CUSIP: 01882YAC0<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |    245000 | PA      | $244105.75    | 0.01%             | 2026-03-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| ALLIANT ENERGY FINANCE                                                              | Alliant Energy Finance LLC                                                       | CUSIP: 01882YAD8<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |    655000 | PA      | $614331.05    | 0.02%             | 2032-03-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| ALLIANT ENERGY FINANCE                                                              | Alliant Energy Finance LLC                                                       | CUSIP: 01882YAE6<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1571415.00   | 0.06%             | 2029-03-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                                            | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     52000 | PA      | $53952.08     | 0.00%             | 2031-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                                                                    | Allied Universal Holdco LLC / Allied Universal Finance Corp                      | CUSIP: 019576AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $150670.95    | 0.01%             | 2030-06-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                                                         | Allied Universal Holdco LLC 2025 USD Term Loan B                                 | CUSIP: 01957TAX5<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |   1296750 | PA      | $1300743.99   | 0.05%             | 2032-08-20      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC                                                            | ALLISON TRANSMISSION INC 2025 INCREMENTAL TERM LOAN B                            | CUSIP: 01973KAJ5<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | LON              | CORP              | US        |    700000 | PA      | $702712.50    | 0.03%             | 2033-01-02      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| ALLO Issuer, LLC                                                                    | ALLO Issuer LLC                                                                  | CUSIP: 01983KAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3149000 | PA      | $3331439.83   | 0.13%             | 2053-06-20      | Fixed         | 12.18%                | No            |                  2 | On Loan: No      |
| ALLO Issuer, LLC                                                                    | ALLO Issuer LLC                                                                  | CUSIP: 01983KAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2734000 | PA      | $2915416.76   | 0.11%             | 2054-07-20      | Fixed         | 11.19%                | No            |                  2 | On Loan: No      |
| ALLO Issuer, LLC                                                                    | ALLO Issuer LLC                                                                  | CUSIP: 01983KAS3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1807958.08   | 0.07%             | 2055-04-20      | Fixed         | 8.10%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                                           | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F040628<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  39900000 | PA      | $38098096.05  | 1.46%             | 2056-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                                           | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F042624<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  39350000 | PA      | $38545902.43  | 1.48%             | 2056-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                                           | Uniform Mortgage-Backed Security, TBA                                            | CUSIP: 01F050627<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  20200000 | PA      | $20193192.60  | 0.77%             | 2056-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allwyn Entertainment Financing US LLC                                               | Allwyn Entertainment Financing US LLC 2025 1st Lien Term Loan B                  | CUSIP: 02008EAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1150000 | PA      | $1130237.25   | 0.04%             | 2032-11-24      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Alpha Generation LLC                                                                | Alpha Generation LLC Term Loan B                                                 | CUSIP: 02072UAC6<br>LEI: 254900K5V62L4YGVKF49 | Long             | LON              | CORP              | US        |   1767863 | PA      | $1768199.21   | 0.07%             | 2031-09-30      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                                    | Altice France SA                                                                 | CUSIP: 02090DAA6<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    940890 | PA      | $967498.37    | 0.04%             | 2029-11-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                                                    | Altice France SA                                                                 | CUSIP: 02090DAD0<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   1133875 | PA      | $1108884.40   | 0.04%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2006-19CB                                                 | CUSIP: 02147QAQ5<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |    111913 | PA      | $61753.05     | 0.00%             | 2036-08-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2006-19CB                                                 | CUSIP: 02147QAS1<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |   3712914 | PA      | $1563643.78   | 0.06%             | 2036-08-25      | Floating      | 4.19%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2006-19CB                                                 | CUSIP: 02147QAT9<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |   3583659 | PA      | $402975.66    | 0.02%             | 2036-08-25      | Floating      | 1.81%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2006-32CB                                                 | CUSIP: 02147XAT4<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |    126570 | PA      | $69825.68     | 0.00%             | 2036-11-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2006-34                                                   | CUSIP: 02148AAE6<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |   1255094 | PA      | $549161.96    | 0.02%             | 2046-11-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2007-5CB                                                  | CUSIP: 02150EAC7<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |    167181 | PA      | $80118.54     | 0.00%             | 2037-04-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2007-5CB                                                  | CUSIP: 02150EAD5<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |    493208 | PA      | $236362.68    | 0.01%             | 2037-04-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2007-13                                                   | CUSIP: 02150MAA3<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |    268917 | PA      | $134241.96    | 0.01%             | 2047-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2007-22                                                   | CUSIP: 02151BBG2<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |    235660 | PA      | $80215.45     | 0.00%             | 2037-09-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2007-15CB                                                 | CUSIP: 02151CAQ9<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |    503432 | PA      | $280630.07    | 0.01%             | 2037-07-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2007-15CB                                                 | CUSIP: 02151CAR7<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |   1793063 | PA      | $1033836.50   | 0.04%             | 2037-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2007-18CB                                                 | CUSIP: 02151NBH4<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |    288748 | PA      | $166475.93    | 0.01%             | 2037-08-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2007-16CB                                                 | CUSIP: 02152AAG4<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |      6008 | PA      | $4343.23      | 0.00%             | 2037-08-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                                                                 | Altice Financing SA                                                              | CUSIP: 02154CAJ2<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |   4553000 | PA      | $3529121.36   | 0.14%             | 2027-07-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                                                                    | Altria Group Inc                                                                 | CUSIP: 02209SBS1<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    490000 | PA      | $498873.90    | 0.02%             | 2028-02-04      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                                                      | Amazon.com Inc                                                                   | CUSIP: 023135CW4<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   6100000 | PA      | $5941949.00   | 0.23%             | 2055-11-20      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| AMCOR FINANCE USA INC                                                               | Amcor Finance USA Inc                                                            | CUSIP: 02343UAH8<br>LEI: 549300ZMT7FVT8R77U18 | Long             | DBT              | CORP              | US        |    245000 | PA      | $246923.25    | 0.01%             | 2028-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AMCOR FLEXIBLES NORTH AM                                                            | Amcor Flexibles North America Inc                                                | CUSIP: 02344AAF5<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |   2225000 | PA      | $2258330.50   | 0.09%             | 2028-03-17      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| AMCOR FLEXIBLES NORTH AM                                                            | Amcor Flexibles North America Inc                                                | CUSIP: 02344AAG3<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1027570.00   | 0.04%             | 2030-03-17      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| AMCOR FLEXIBLES NORTH AM                                                            | Amcor Flexibles North America Inc                                                | CUSIP: 02344AAH1<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |    755000 | PA      | $780881.40    | 0.03%             | 2035-03-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMCOR GROUP FINANCE                                                                 | Amcor Group Finance PLC                                                          | CUSIP: 02344BAA4<br>LEI: 2549008XHB8M1L64J275 | Long             | DBT              | CORP              | GB        |   2170000 | PA      | $2252828.90   | 0.09%             | 2029-05-23      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Amentum Government Services Holdings LLC                                            | Amentum Government Services Holdings LLC 2024 Term Loan B                        | CUSIP: 02351XAB4<br>LEI: 2549009FJIBLW40CU216 | Long             | LON              | CORP              | US        |   1001859 | PA      | $1003111.61   | 0.04%             | 2031-09-29      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| AMERICAN ASSETS TRUST LP                                                            | American Assets Trust LP                                                         | CUSIP: 02401LAA2<br>LEI: 549300V1TI0SMG9Z6U69 | Long             | DBT              |  | US        |   1200000 | PA      | $1095228.00   | 0.04%             | 2031-02-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                                                             | American Electric Power Co Inc                                                   | CUSIP: 02557TAE9<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   5570000 | PA      | $5572395.10   | 0.21%             | 2056-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                                                             | American Electric Power Co Inc                                                   | CUSIP: 02557TAF6<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   1185000 | PA      | $1177534.50   | 0.05%             | 2056-03-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                                 | American Express Co                                                              | CUSIP: 025816EK1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1680000 | PA      | $1702999.20   | 0.07%             | 2033-07-20      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| American Home Mortgage Assets                                                       | American Home Mortgage Assets Trust 2007-1                                       | CUSIP: 02660BAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2203858 | PA      | $749133.97    | 0.03%             | 2047-02-25      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                                                               | American Homes 4 Rent LP                                                         | CUSIP: 02666TAD9<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              |  | US        |    675000 | PA      | $452358.00    | 0.02%             | 2051-07-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| American Home Mortgage Assets                                                       | American Home Mortgage Assets Trust 2007-5                                       | CUSIP: 026936AU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6517 | PA      | $52.16        | 0.00%             | 2047-06-25      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| American Rock Salt Company LLC                                                      | American Rock Salt Company LLC 2024 First Out Term Loan                          | CUSIP: 02932JAT4<br>LEI: 549300FBKBNV4GSVVR46 | Long             | LON              | CORP              | US        |    180709 | PA      | $181669.56    | 0.01%             | 2028-06-09      | Floating      | 11.08%                | No            |                  2 | On Loan: No      |
| American Rock Salt Company LLC                                                      | American Rock Salt Company LLC 2024 First Out Delayed Draw Term Loan             | CUSIP: 02932JAU1<br>LEI: 549300FBKBNV4GSVVR46 | Long             | LON              | CORP              | US        |     47311 | PA      | $47562.13     | 0.00%             | 2028-06-09      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                                 | American Tower Corp                                                              | CUSIP: 03027XBA7<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |   3000000 | PA      | $2849400.00   | 0.11%             | 2030-01-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                                 | American Tower Corp                                                              | CUSIP: 03027XBC3<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |   2550000 | PA      | $2322081.00   | 0.09%             | 2030-06-15      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                                 | American Tower Corp                                                              | CUSIP: 03027XCD0<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |   1500000 | PA      | $1568460.00   | 0.06%             | 2033-07-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                                 | American Tower Corp                                                              | CUSIP: 03027XCN8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    500000 | PA      | $510805.00    | 0.02%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                                 | American Tower Corp                                                              | CUSIP: 03027XCR9<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |   2000000 | PA      | $2002560.00   | 0.08%             | 2032-12-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| AMERICOLD REALTY OPER PA                                                            | Americold Realty Operating Partnership LP                                        | CUSIP: 03063UAB7<br>LEI: 549300FKD9KVWNHSUU79 | Long             | DBT              |  | US        |   1120000 | PA      | $1136161.60   | 0.04%             | 2032-05-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                                                              | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AM6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1176000 | PA      | $1216771.92   | 0.05%             | 2028-06-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                                                              | AmeriGas Partners LP / AmeriGas Finance Corp                                     | CUSIP: 030981AP9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    909000 | PA      | $975602.43    | 0.04%             | 2030-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                           | Amgen Inc                                                                        | CUSIP: 031162CR9<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    100000 | PA      | $78843.00     | 0.00%             | 2040-02-21      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Amneal Pharmaceuticals LLC                                                          | Amneal Pharmaceuticals LLC 2025 Term Loan B                                      | CUSIP: 03167DAR5<br>LEI: 54930037VIXE7LRZ1M66 | Long             | LON              | CORP              | US        |    997500 | PA      | $1002487.50   | 0.04%             | 2032-08-01      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                                                    | AMWINS GROUP INC 2026 TERM LOAN B                                                | CUSIP: 03234TBB3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |   1195071 | PA      | $1194299.90   | 0.05%             | 2032-01-30      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Anchorage Credit Funding Ltd.                                                       | Anchorage Credit Funding 19 Ltd                                                  | CUSIP: 03331VAE5<br>LEI: 636700NIUPSXWN2YAM51 | Long             | ABS-CBDO         | CORP              | KY        |   2300000 | PA      | $2289426.90   | 0.09%             | 2040-10-25      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                            | Angel Oak Mortgage Trust 2024-11                                                 | CUSIP: 03463QAD8<br>LEI: 2549009VFCBSE99NTJ29 | Long             | ABS-MBS          | CORP              | US        |   1925000 | PA      | $1962876.69   | 0.08%             | 2069-08-25      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                            | Angel Oak Mortgage Trust 2025-HB1                                                | CUSIP: 034936AD6<br>LEI: 254900ZFKOWCY24MSQ94 | Long             | ABS-O            | CORP              | US        |   1832000 | PA      | $1851858.51   | 0.07%             | 2055-02-25      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                            | AOMT 2024-6                                                                      | CUSIP: 034944AB4<br>LEI: 2549003MM0537Y3QHI22 | Long             | ABS-MBS          | CORP              | US        |   2074209 | PA      | $2070021.29   | 0.08%             | 2067-11-25      | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                            | Angel Oak Mortgage Trust 2026-1                                                  | CUSIP: 034947AH4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4200000 | PA      | $4213342.98   | 0.16%             | 2071-02-25      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                            | Angel Oak Mortgage Trust 2025-13                                                 | CUSIP: 034952AF8<br>LEI: 254900E0MZH4LYHYEK54 | Long             | ABS-MBS          | CORP              | US        |   4502000 | PA      | $4522274.31   | 0.17%             | 2070-10-25      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                                                 | Elevance Health Inc                                                              | CUSIP: 036752BD4<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   1185000 | PA      | $1202526.15   | 0.05%             | 2035-02-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                                                 | Elevance Health Inc                                                              | CUSIP: 036752BK8<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3471650.00   | 0.13%             | 2036-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANTICIMEX INTERNATIONAL AB                                                          | Anticimex International AB 2025 USD Term Loan                                    | CUSIP: 03703HAD8<br>LEI: 54930005SBU6WYFBEB41 | Long             | LON              | CORP              | SE        |   1517266 | PA      | $1522682.44   | 0.06%             | 2031-11-17      | Floating      | 7.31%                 | No            |                  2 | On Loan: No      |
| Prime Security Services Borrower, LLC                                               | Prime Security Services Borrower LLC 2025 Incremental Term Loan B                | CUSIP: 03765VAQ3<br>LEI: 549300O6QPZVWXV2DC15 | Long             | LON              | CORP              | US        |    997487 | PA      | $993956.32    | 0.04%             | 2032-03-07      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| APL Finance LLC                                                                     | APL Finance 2023-1 DAC                                                           | CUSIP: 03790CAH4<br>LEI: 6354009RKO5CXUKYBH41 | Long             | ABS-O            | CORP              | US        |   3509000 | PA      | $3513770.84   | 0.13%             | 2036-03-20      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes                                           | Arbor Realty Commercial Real Estate Notes 2025-FL1 LLC                           | CUSIP: 03881KAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2300000 | PA      | $2317951.27   | 0.09%             | 2043-01-20      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| Arches Buyer Inc                                                                    | Arches Buyer Inc 2021 Term Loan B                                                | CUSIP: 03952HAD6<br>LEI: 2549009ADY4208OH2Y47 | Long             | LON              | CORP              | US        |    994187 | PA      | $992680.60    | 0.04%             | 2027-12-06      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                                                            | Archrock Partners LP / Archrock Partners Finance Corp                            | CUSIP: 03959KAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    103000 | PA      | $103307.97    | 0.00%             | 2028-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ARDAGH GROUP SA                                                                     | Ardagh Group SA                                                                  | CUSIP: 03969UAA4<br>LEI: 6354006L1NWUUOPYX274 | Long             | DBT              | CORP              | LU        |    382000 | PA      | $361203.92    | 0.01%             | 2030-12-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                                                                  | Ardonagh Finco Ltd                                                               | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |   1350000 | PA      | $1396305.00   | 0.05%             | 2031-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ARDAGH GROUP SA                                                                     | Ardagh Group SA                                                                  | CUSIP: 039959AA9<br>LEI: 6354006L1NWUUOPYX274 | Long             | DBT              | CORP              | LU        |   2085000 | PA      | $2256011.70   | 0.09%             | 2030-12-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| ARIZONA PUBLIC SERVICE                                                              | Arizona Public Service Co                                                        | CUSIP: 040555DE1<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | DBT              | CORP              | US        |    135000 | PA      | $147340.35    | 0.01%             | 2032-12-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| ASURION LLC/ASURION CO                                                              | Asurion LLC and Asurion Co-Issuer Inc                                            | CUSIP: 045941AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1740000 | PA      | $1820057.40   | 0.07%             | 2032-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ASURION LLC/ASURION CO                                                              | Asurion LLC and Asurion Co-Issuer Inc                                            | CUSIP: 045941AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1040000 | PA      | $1052188.80   | 0.04%             | 2034-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Astoria Energy LLC                                                                  | Astoria Energy LLC 2025 Term Loan B                                              | CUSIP: 04626LAJ8<br>LEI: 549300BXD26J7I0IPB62 | Long             | LON              | CORP              | US        |    731207 | PA      | $734347.91    | 0.03%             | 2032-06-23      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                                         | Asurion LLC 2021 Second Lien Term Loan B4                                        | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    221452 | PA      | $221728.84    | 0.01%             | 2029-01-20      | Floating      | 9.04%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                                         | Asurion LLC 2024 Term Loan B12                                                   | CUSIP: 04649VBD1<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    180430 | PA      | $180961.21    | 0.01%             | 2030-09-19      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                               | Athene Global Funding                                                            | CUSIP: 04685A3C3<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14151.90     | 0.00%             | 2028-08-19      | Fixed         | 1.99%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                            | Avis Budget Rental Car Funding AESOP LLC                                         | CUSIP: 05377REL4<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1540000 | PA      | $1531702.63   | 0.06%             | 2027-08-20      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                            | Avis Budget Rental Car Funding AESOP LLC 2021                                    | CUSIP: 05377REU4<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   3682000 | PA      | $3646967.61   | 0.14%             | 2028-02-20      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                            | Avis Budget Rental Car Funding AESOP LLC                                         | CUSIP: 05377RJS4<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   5605000 | PA      | $5763632.15   | 0.22%             | 2029-06-20      | Fixed         | 7.31%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                            | Avis Budget Rental Car Funding AESOP LLC                                         | CUSIP: 05377RKH6<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   3580000 | PA      | $3635221.50   | 0.14%             | 2028-02-20      | Fixed         | 7.32%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                            | Avis Budget Rental Car Funding AESOP LLC                                         | CUSIP: 05377RKJ2<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   2780000 | PA      | $2826169.82   | 0.11%             | 2028-04-20      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| Avolon TLB Borrower 1 (US) LLC                                                      | Avolon TLB Borrower 1 (US) LLC 2023 Term Loan B6                                 | CUSIP: 05400KAJ9<br>LEI: 635400O84AGITYFZQB55 | Long             | LON              | CORP              | US        |   1139355 | PA      | $1145467.92   | 0.04%             | 2030-06-24      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                            | Avolon Holdings Funding Ltd                                                      | CUSIP: 05401AAR2<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   1976000 | PA      | $1921126.48   | 0.07%             | 2027-11-18      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS D                                                            | Axalta Coating Systems Dutch Holding B BV                                        | CUSIP: 05455JAA5<br>LEI: 5493007DMEBZH3CQ5E51 | Long             | DBT              | CORP              | NL        |     50000 | PA      | $52697.00     | 0.00%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                                    | BAT Capital Corp                                                                 | CUSIP: 05526DBB0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     44000 | PA      | $43732.92     | 0.00%             | 2027-08-15      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| BCAP LLC Trust                                                                      | BCAP LLC Trust 2007-AA2                                                          | CUSIP: 05530NBA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2358803 | PA      | $928432.03    | 0.04%             | 2037-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BAT INTL FINANCE PLC                                                                | BAT International Finance PLC                                                    | CUSIP: 05530QAN0<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |     83000 | PA      | $82717.80     | 0.00%             | 2026-03-25      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC                                         | BBCMS Trust 2015-SRCH                                                            | CUSIP: 05547HAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4806036.00   | 0.18%             | 2035-08-10      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| BCPE Empire Holdings Inc                                                            | BCPE Empire Holdings Inc 2025 Term Loan B                                        | CUSIP: 05550HAQ8<br>LEI: 549300O2G0VI2955B626 | Long             | LON              | CORP              | US        |   1055512 | PA      | $1051885.96   | 0.04%             | 2030-12-11      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| BGME Trust                                                                          | BGME Trust 2021-VR                                                               | CUSIP: 05551XAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1600000 | PA      | $1234519.04   | 0.05%             | 2043-01-10      | Variable      | 2.99%                 | No            |                  2 | On Loan: No      |
| BGME Trust                                                                          | BGME Trust 2021-VR                                                               | CUSIP: 05551XAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1700000 | PA      | $1254949.01   | 0.05%             | 2043-01-10      | Variable      | 2.99%                 | No            |                  2 | On Loan: No      |
| BCPE North Star US HoldCo 2, Inc.                                                   | BCPE North Star US HoldCo 2 Inc Term Loan                                        | CUSIP: 05552DAD4<br>LEI: 254900AGB0JDUDNIJC95 | Long             | LON              | CORP              | US        |   1493253 | PA      | $1492476.25   | 0.06%             | 2028-06-09      | Floating      | 7.79%                 | No            |                  2 | On Loan: No      |
| BBAM US CLO LTD.                                                                    | BBAM US CLO VI Ltd                                                               | CUSIP: 05556VAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2200000 | PA      | $1743737.60   | 0.07%             | 2039-01-27      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| bmo sba coof trust                                                                  | BMO SBA COOF Trust 2019-1                                                        | CUSIP: 05588XAA4<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |   1525345 | PA      | $42978.20     | 0.00%             | 2045-10-25      | Variable      | 1.29%                 | No            |                  2 | On Loan: No      |
| BPR Trust                                                                           | BPR Trust 2021-TY                                                                | CUSIP: 05592AAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1750000 | PA      | $1749556.73   | 0.07%             | 2038-09-15      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| BPR Trust                                                                           | BPR Commercial Mortgage Trust 2024-PARK                                          | CUSIP: 05593UAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2690000 | PA      | $2942610.91   | 0.11%             | 2039-11-05      | Variable      | 10.01%                | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2025-ROIC                                                               | CUSIP: 05593VAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1608524 | PA      | $1605708.73   | 0.06%             | 2030-03-15      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2025-LUNR                                                               | CUSIP: 05594CAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1708864 | PA      | $1719019.57   | 0.07%             | 2040-06-15      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| BCRED CLO LTD                                                                       | BCRED CLO 2023-1 LLC                                                             | CUSIP: 055978AA8<br>LEI: 2549001W2Y6F50VEZG93 | Long             | ABS-CBDO         | CORP              | US        |   1200000 | PA      | $1205186.40   | 0.05%             | 2036-01-20      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| BW Gas & Convenience Holdings LLC                                                   | BW Gas & Convenience Holdings LLC 2021 Term Loan B                               | CUSIP: 05604YAE4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1002175 | PA      | $1002175.14   | 0.04%             | 2028-03-31      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Commercial Mortgage Trust 2020-VIV2                                           | CUSIP: 05605NAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1100000 | PA      | $1036899.38   | 0.04%             | 2044-03-09      | Variable      | 3.54%                 | No            |                  2 | On Loan: No      |
| BX Trust 2019-OC11                                                                  | BX Trust 2019-OC11                                                               | CUSIP: 05606FAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2786411.70   | 0.11%             | 2041-12-09      | Variable      | 3.94%                 | No            |                  2 | On Loan: No      |
| BXP Trust                                                                           | BXP Trust 2017-GM                                                                | CUSIP: 056083AL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $973621.90    | 0.04%             | 2039-06-13      | Variable      | 3.42%                 | No            |                  2 | On Loan: No      |
| BXP Trust                                                                           | BXP Trust 2017-GM                                                                | CUSIP: 056083AN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $720991.95    | 0.03%             | 2039-06-13      | Variable      | 3.42%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2023-LIFE                                                               | CUSIP: 05609DAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3920000 | PA      | $3796916.31   | 0.15%             | 2028-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2023-LIFE                                                               | CUSIP: 05609DAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4300000 | PA      | $4152665.23   | 0.16%             | 2028-02-15      | Fixed         | 6.87%                 | No            |                  2 | On Loan: No      |
| BXHPP Trust                                                                         | BXHPP Trust 2021-FILM                                                            | CUSIP: 05609JAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1200000 | PA      | $1079488.20   | 0.04%             | 2036-08-15      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX 2021-LBA3 Mortgage Trust                                                      | CUSIP: 05609PAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2059000 | PA      | $2058930.82   | 0.08%             | 2036-10-15      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2022-CLS                                                                | CUSIP: 05609XAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2955000 | PA      | $2977354.28   | 0.11%             | 2027-10-13      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| BXSC Commercial Mortgage Trust                                                      | BXSC Commercial Mortgage Trust 2022-WSS                                          | CUSIP: 05610BAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1749690 | PA      | $1753876.08   | 0.07%             | 2035-03-15      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2024-BIO                                                                | CUSIP: 05612AAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2002702.80   | 0.08%             | 2041-02-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2024-BIO                                                                | CUSIP: 05612AAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1837000 | PA      | $1825098.08   | 0.07%             | 2041-02-15      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2024-BIO                                                                | CUSIP: 05612AAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1530000 | PA      | $1518711.81   | 0.06%             | 2041-02-15      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited                                                    | Bain Capital Credit CLO 2021-3 Ltd                                               | CUSIP: 05683NAN2<br>LEI: 254900XV68IP5ZAT0548 | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1201576.80   | 0.05%             | 2034-07-24      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited                                                    | Bain Capital Credit CLO 2020-4 Ltd                                               | CUSIP: 05684HAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1003354.00   | 0.04%             | 2036-10-20      | Floating      | 10.42%                | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited                                                    | Bain Capital Credit CLO 2020-4 Ltd                                               | CUSIP: 05684KBS5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   2100000 | PA      | $2105764.50   | 0.08%             | 2036-10-20      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited                                                    | Bain Capital Credit CLO 2023-2 Ltd                                               | CUSIP: 05685DAC6<br>LEI: 254900XLVE4635MESI73 | Long             | ABS-CBDO         | CORP              | JE        |   3200000 | PA      | $1904342.40   | 0.07%             | 2038-07-18      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                                                       | Ballyrock CLO 19 Ltd                                                             | CUSIP: 05874WAS0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   2000000 | PA      | $2003944.00   | 0.08%             | 2035-04-20      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                                                       | Ballyrock CLO 20 Ltd                                                             | CUSIP: 05876CBN2<br>LEI: 254900WX8CA21F2QI356 | Long             | ABS-CBDO         | CORP              | KY        |   1400000 | PA      | $1401050.00   | 0.05%             | 2036-10-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Banc of America Funding Corporation                                                 | Banc of America Funding 2006-3 Trust                                             | CUSIP: 058931BF2<br>LEI: 5493001796TAQ7M7QX12 | Long             | ABS-MBS          | CORP              | US        |      4077 | PA      | $3728.30      | 0.00%             | 2036-03-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Banc of America Alternative Loan Trust                                              | Banc of America Alternative Loan Trust 2006-5                                    | CUSIP: 05950BAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1331725 | PA      | $1091352.72   | 0.04%             | 2046-06-25      | Floating      | 4.10%                 | No            |                  2 | On Loan: No      |
| Banc of America Alternative Loan Trust                                              | Banc of America Alternative Loan Trust 2006-5                                    | CUSIP: 05950BAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1331733 | PA      | $168784.68    | 0.01%             | 2046-06-25      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| Banc of America Funding Corporation                                                 | Banc of America Funding 2006-7 Trust                                             | CUSIP: 05951KBB8<br>LEI: 5493001796TAQ7M7QX12 | Long             | ABS-MBS          | CORP              | US        |    550360 | PA      | $500795.35    | 0.02%             | 2036-10-25      | Variable      | 6.54%                 | No            |                  2 | On Loan: No      |
| Boxer Parent Company Inc                                                            | Boxer Parent Company Inc 2025 USD Term Loan B                                    | CUSIP: 05988HAQ0<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |   1394987 | PA      | $1346162.90   | 0.05%             | 2031-07-30      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| Banc of America Funding Corporation                                                 | Banc of America Funding 2014-R5 Trust                                            | CUSIP: 05990PAB1<br>LEI: 549300LENCFK8RITKD65 | Long             | ABS-MBS          | CORP              | US        |    921754 | PA      | $655068.53    | 0.03%             | 2045-09-26      | Floating      | 3.82%                 | No            |                  2 | On Loan: No      |
| BANIJAY ENTERTAINMENT                                                               | Banijay Entertainment SAS                                                        | CUSIP: 060335AB2<br>LEI: 969500CE0IE2EZ5VBG13 | Long             | DBT              | CORP              | FR        |    350000 | PA      | $363842.50    | 0.01%             | 2029-05-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                                | Bank of America Corp                                                             | CUSIP: 060505GB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99550.00     | 0.00%             | 2027-01-27      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                                | Bank of America Corp                                                             | CUSIP: 06051GHD4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    685000 | PA      | $677663.65    | 0.03%             | 2028-12-20      | Floating      | 3.42%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                                | Bank of America Corp                                                             | CUSIP: 06051GJL4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2835000 | PA      | $2536984.80   | 0.10%             | 2031-10-24      | Floating      | 1.92%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                                | Bank of America Corp                                                             | CUSIP: 06051GJP5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    225000 | PA      | $206518.50    | 0.01%             | 2032-03-11      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                                | Bank of America Corp                                                             | CUSIP: 06051GJS9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4947800.00   | 0.19%             | 2027-07-22      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                                | Bank of America Corp                                                             | CUSIP: 06051GKJ7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2625000 | PA      | $2588328.75   | 0.10%             | 2028-02-04      | Floating      | 2.55%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                                | Bank of America Corp                                                             | CUSIP: 06051GKK4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1395000 | PA      | $1275671.70   | 0.05%             | 2033-02-04      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                                | Bank of America Corp                                                             | CUSIP: 06051GMA4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1235000 | PA      | $1281547.15   | 0.05%             | 2035-01-23      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Banc of America Commercial Mortgage Trust                                           | Banc of America Commercial Mortgage Trust 2015-UBS7                              | CUSIP: 06054AAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $143.60       | 0.00%             | 2048-09-15      | Variable      | 1.25%                 | No            |                  2 | On Loan: No      |
| Bank                                                                                | BANK 2020-BNK25                                                                  | CUSIP: 06539WBG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5941000 | PA      | $5217354.12   | 0.20%             | 2063-01-15      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| BARDOT CLO LTD                                                                      | Bardot CLO Ltd                                                                   | CUSIP: 06744NBU0<br>LEI: 549300KP12IHV6MTDK86 | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1200700.80   | 0.05%             | 2032-10-22      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Barracuda Networks Inc                                                              | Barracuda Networks Inc 2022 Term Loan                                            | CUSIP: 06832FAB3<br>LEI: 549300CXGRZWNMPU8080 | Long             | LON              | CORP              | US        |    539245 | PA      | $420106.72    | 0.02%             | 2029-08-15      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| Basswood Park CLO Ltd                                                               | Basswood Park CLO Ltd                                                            | CUSIP: 07025AAC7<br>LEI: 5493005HSAGIQZIVAS94 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $1132908.00   | 0.04%             | 2034-04-20      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Bayard Park CLO, Ltd                                                                | Bayard Park CLO Ltd                                                              | CUSIP: 072716AC7<br>LEI: 254900IPTPVQFEN03U12 | Long             | ABS-CBDO         | CORP              | KY        |   2150000 | PA      | $1437834.00   | 0.06%             | 2038-07-24      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE LLC                                                                | Bayer US Finance LLC                                                             | CUSIP: 07274EAL7<br>LEI: 54930093Q75GSEM74I71 | Long             | DBT              | CORP              | US        |    500000 | PA      | $544385.00    | 0.02%             | 2033-11-21      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE LLC                                                                | Bayer US Finance LLC                                                             | CUSIP: 07274EAM5<br>LEI: 54930093Q75GSEM74I71 | Long             | DBT              | CORP              | US        |    345000 | PA      | $377040.15    | 0.01%             | 2053-11-21      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE II LLC                                                             | Bayer US Finance II LLC                                                          | CUSIP: 07274NAL7<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |    510000 | PA      | $511718.70    | 0.02%             | 2028-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE II LLC                                                             | Bayer US Finance II LLC                                                          | CUSIP: 07274NAN3<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |    750000 | PA      | $688800.00    | 0.03%             | 2038-06-25      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE II LLC                                                             | Bayer US Finance II LLC                                                          | CUSIP: 07274NAQ6<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |   2080000 | PA      | $1777214.40   | 0.07%             | 2048-06-25      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE II LLC                                                             | Bayer US Finance II LLC                                                          | CUSIP: 07274NBF9<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |    245000 | PA      | $198472.05    | 0.01%             | 2044-07-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| BCPE FLAVOR DEBT/ISSUER                                                             | BCPE Flavor Debt Merger Sub LLC and BCPE Flavor Issuer Inc                       | CUSIP: 072933AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1990000 | PA      | $1899156.50   | 0.07%             | 2032-07-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| QXO INC                                                                             | QXO Inc 2025 Term Loan B                                                         | CUSIP: 07368RAM3<br>LEI: 549300HDXQWWCBOYXP31 | Long             | LON              | CORP              | US        |   1000000 | PA      | $1003125.00   | 0.04%             | 2032-04-30      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Adjustable Rate Mortgage Trust                                         | Bear Stearns ARM Trust 2004-3                                                    | CUSIP: 07384MQ88<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4317 | PA      | $4086.54      | 0.00%             | 2034-07-25      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Adjustable Rate Mortgage Trust                                         | Bear Stearns ARM Trust 2005-10                                                   | CUSIP: 07387AET8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     86103 | PA      | $86136.69     | 0.00%             | 2035-10-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| BECLE SA DE CV                                                                      | Becle SAB de CV                                                                  | CUSIP: 07586PAA9<br>LEI: 529900JY55CZKMJLCE09 | Long             | DBT              | CORP              | MX        |   1790000 | PA      | $1555295.20   | 0.06%             | 2031-10-14      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                                            | Benchmark 2024-V10 Mortgage Trust                                                | CUSIP: 08163UAH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1338000 | PA      | $1333016.08   | 0.05%             | 2057-09-15      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| Benchmark 2024-V8 Mortgage Trust                                                    | Benchmark 2024-V8 Mortgage Trust                                                 | CUSIP: 08190AAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2095209.20   | 0.08%             | 2057-07-15      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| Berkeley Research Group LLC                                                         | Berkeley Research Group LLC Term Loan B                                          | CUSIP: 08436UAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1088561 | PA      | $1088169.25   | 0.04%             | 2032-05-01      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                                                    | Berry Global Inc                                                                 | CUSIP: 08576PAF8<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39146.80     | 0.00%             | 2027-01-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                                                    | Berry Global Inc                                                                 | CUSIP: 08576PAL5<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    255000 | PA      | $262938.15    | 0.01%             | 2028-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                                                    | Berry Global Inc                                                                 | CUSIP: 08576PAQ4<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    150000 | PA      | $156549.00    | 0.01%             | 2034-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                                                          | BFLD Commercial Mortgage Trust 2024-UNIV                                         | CUSIP: 08861RAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3010000 | PA      | $3034168.49   | 0.12%             | 2041-11-15      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| BIOMARIN PHARMACEUTICAL                                                             | BioMarin Pharmaceutical Inc                                                      | CUSIP: 09061GAL5<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | DBT              | CORP              | US        |    675000 | PA      | $677990.25    | 0.03%             | 2034-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Blackbird Capital Aircraft                                                          | Blackbird Capital II Aircraft Lease Ltd                                          | CUSIP: 09229CAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4643144 | PA      | $4466545.35   | 0.17%             | 2046-07-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Blackhawk Network Holdings, Inc                                                     | Blackhawk Network Holdings Inc 2025 Term Loan B                                  | CUSIP: 09238FAM3<br>LEI: 549300LFU3K8UIR03132 | Long             | LON              | CORP              | US        |   1562578 | PA      | $1566156.74   | 0.06%             | 2029-03-12      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| Blue Stream Issuer, LLC                                                             | Blue Stream Issuer LLC                                                           | CUSIP: 09606BAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4200000 | PA      | $4315004.40   | 0.17%             | 2053-05-20      | Fixed         | 8.90%                 | No            |                  2 | On Loan: No      |
| Blue Stream Issuer, LLC                                                             | Blue Stream Issuer LLC                                                           | CUSIP: 09606BAL8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2430000 | PA      | $2542060.67   | 0.10%             | 2054-11-20      | Fixed         | 8.71%                 | No            |                  2 | On Loan: No      |
| Bombardier Capital Mortgage Securitization Corp.                                    | BCMSC Trust 1999-B                                                               | CUSIP: 09774XBC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    997492 | PA      | $53951.04     | 0.00%             | 2029-12-17      | Variable      | 6.98%                 | No            |                  2 | On Loan: No      |
| Bombardier Capital Mortgage Securitization Corp.                                    | BCMSC Trust 2000-A                                                               | CUSIP: 09774XBP6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1658345 | PA      | $100224.42    | 0.00%             | 2030-06-15      | Variable      | 7.83%                 | No            |                  2 | On Loan: No      |
| Bombardier Capital Mortgage Securitization Corp.                                    | BCMSC Trust 2000-A                                                               | CUSIP: 09774XBQ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    142144 | PA      | $9096.78      | 0.00%             | 2030-06-15      | Variable      | 8.29%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                                                                | Boston Properties LP                                                             | CUSIP: 10112RAY0<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |     10000 | PA      | $9912.90      | 0.00%             | 2026-10-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Bourzou Issuer LLC, Jamshid Issuer LLC, Cristobal Issuer LLC & COPT DC-6 Issuer LLC | Cloud Capital Holdco LP                                                          | CUSIP: 102104AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6145000 | PA      | $6184942.50   | 0.24%             | 2049-11-22      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| BRADYPLUS HOLDINGS LLC                                                              | BradyPlus Holdings LLC 2025 Term Loan B                                          | CUSIP: 10480UAD3<br>LEI: 254900LMURL5G873DV35 | Long             | LON              | CORP              | US        |   1500000 | PA      | $1493745.00   | 0.06%             | 2032-12-29      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                                                     | BRAVO Residential Funding Trust 2023-NQM5                                        | CUSIP: 10569UAE5<br>LEI: 2549000KHGUZMZ31N203 | Long             | ABS-MBS          | CORP              | US        |   3210000 | PA      | $3229248.44   | 0.12%             | 2063-06-25      | Variable      | 7.30%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                                               | Brazil Government International Bonds                                            | CUSIP: 105756CF5<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   1539000 | PA      | $1557560.34   | 0.06%             | 2033-10-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                                               | Brazil Government International Bonds                                            | CUSIP: 105756CH1<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    814000 | PA      | $823662.18    | 0.03%             | 2034-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Brazil Government International Bonds                                               | Brazil Government International Bonds                                            | CUSIP: 105756CL2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    867000 | PA      | $892377.09    | 0.03%             | 2035-03-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| BRIGHTSTAR LOT/BRIGHSTAR                                                            | Brightstar Lottery PLC/ Brightstar Global Solutions Corp                         | CUSIP: 108922AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    910000 | PA      | $904803.90    | 0.03%             | 2033-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2025-VLT7                                                               | CUSIP: 123913AG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5620000 | PA      | $5667783.49   | 0.22%             | 2044-07-15      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2022-LBA6                                                               | CUSIP: 12433EAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1240000 | PA      | $1241187.42   | 0.05%             | 2039-01-15      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Commercial Mortgage Trust 2025-SPOT                                           | CUSIP: 12433FAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2085277 | PA      | $2102134.65   | 0.08%             | 2040-04-15      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Commercial Mortgage Trust 2025-BCAT                                           | CUSIP: 12433HAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4216453 | PA      | $4241360.70   | 0.16%             | 2042-08-15      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Commercial Mortgage Trust 2025-BCAT                                           | CUSIP: 12433HAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6209686 | PA      | $6215463.22   | 0.24%             | 2042-08-15      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2025-VLT6                                                               | CUSIP: 12433KAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1400000 | PA      | $1402590.00   | 0.05%             | 2042-03-15      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Commercial Mortgage Trust 2020-VIVA                                           | CUSIP: 12433XAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1200000 | PA      | $1086124.68   | 0.04%             | 2044-03-11      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| Credit-Based Asset Servicing and Securitization                                     | C-BASS 2006-CB7 TRUST                                                            | CUSIP: 12479DAD0<br>LEI: 969500V3L9W19NIA5E82 | Long             | ABS-O            | CORP              | US        |     29968 | PA      | $21085.39     | 0.00%             | 2036-10-25      | Floating      | 4.11%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                                              | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2471000 | PA      | $2444362.62   | 0.09%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                                              | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1685000 | PA      | $1544572.10   | 0.06%             | 2031-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                                              | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1401008.00   | 0.05%             | 2033-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                                              | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    220000 | PA      | $197786.60    | 0.01%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Credit-Based Asset Servicing and Securitization                                     | C-BASS Mortgage Loan Trust 2007-CB2                                              | CUSIP: 1248MBAH8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    771124 | PA      | $444133.06    | 0.02%             | 2037-02-25      | Variable      | 3.47%                 | No            |                  2 | On Loan: No      |
| Credit-Based Asset Servicing and Securitization                                     | C-BASS 2007-CB1 TRUST                                                            | CUSIP: 1248MGAL8<br>LEI: 969500V3L9W19NIA5E82 | Long             | ABS-O            | CORP              | US        |    918007 | PA      | $253086.16    | 0.01%             | 2037-01-25      | Variable      | 3.09%                 | No            |                  2 | On Loan: No      |
| Credit-Based Asset Servicing and Securitization                                     | C-BASS 2007-CB1 TRUST                                                            | CUSIP: 1248MGAP9<br>LEI: 969500V3L9W19NIA5E82 | Long             | ABS-O            | CORP              | US        |   1620668 | PA      | $446675.50    | 0.02%             | 2037-01-25      | Variable      | 3.09%                 | No            |                  2 | On Loan: No      |
| Credit-Based Asset Servicing and Securitization                                     | Credit-Based Asset Servicing and Securitization LLC                              | CUSIP: 1248P8AK5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     18232 | PA      | $18211.65     | 0.00%             | 2036-10-25      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| CCRR Parent Inc                                                                     | CCRR Parent Inc Term Loan B                                                      | CUSIP: 12510MAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    133495 | PA      | $34423.13     | 0.00%             | 2028-03-06      | Floating      | 8.33%                 | No            |                  2 | On Loan: No      |
| CCRR Parent Inc                                                                     | CCRR Parent Inc US Acquisition Facility                                          | CUSIP: 12510MAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    402440 | PA      | $103461.16    | 0.00%             | 2028-03-06      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                                                                 | Churchill Downs Inc                                                              | CUSIP: 12511VAA6<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    798000 | PA      | $803091.24    | 0.03%             | 2030-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust                                                        | CD 2016-CD1 Mortgage Trust                                                       | CUSIP: 12514MBD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7838157 | PA      | $9812.59      | 0.00%             | 2049-08-10      | Variable      | 1.33%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust                                                      | CFMT 2024-R1 LLC                                                                 | CUSIP: 12530YAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1443896.70   | 0.06%             | 2054-10-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust                                                      | CFMT 2024-NR1 LLC                                                                | CUSIP: 12531DAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1429299 | PA      | $1432848.34   | 0.05%             | 2029-11-25      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                                                              | CHL Mortgage Pass-Through Trust 2007-20                                          | CUSIP: 12544QAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    196389 | PA      | $82930.41     | 0.00%             | 2038-01-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                                                              | CHL Mortgage Pass-Through Trust 2007-7                                           | CUSIP: 12544TAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    574321 | PA      | $245184.65    | 0.01%             | 2037-06-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHNGE Mortgage Trust                                                                | CHNGE Mortgage Trust 2023-1                                                      | CUSIP: 12547QAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    580000 | PA      | $578717.50    | 0.02%             | 2058-03-25      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                                                    | CIFC Funding 2017-IV Ltd                                                         | CUSIP: 12551JAN6<br>LEI: 254900JEH56UBUEZJW15 | Long             | ABS-CBDO         | CORP              | KY        |    575000 | PA      | $575335.23    | 0.02%             | 2030-10-24      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                                                                     | Cigna Group/The                                                                  | CUSIP: 125523CX6<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   6995000 | PA      | $7041306.90   | 0.27%             | 2030-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                                                                     | Cigna Group/The                                                                  | CUSIP: 125523CZ1<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1013860.00   | 0.04%             | 2036-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CLI Funding LLC                                                                     | CLI Funding VIII LLC                                                             | CUSIP: 12565KAF4<br>LEI: 254900Z4P82YK31RVL27 | Long             | ABS-O            | CORP              | US        |    221584 | PA      | $202776.57    | 0.01%             | 2047-01-18      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Citimortgage Alternative Loan Trust                                                 | CitiMortgage Alternative Loan Trust Series 2007-A1                               | CUSIP: 12566QAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     85892 | PA      | $78403.68     | 0.00%             | 2037-01-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Citimortgage Alternative Loan Trust                                                 | CitiMortgage Alternative Loan Trust Series 2007-A1                               | CUSIP: 12566QAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    163952 | PA      | $149658.63    | 0.01%             | 2037-01-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Citimortgage Alternative Loan Trust                                                 | CitiMortgage Alternative Loan Trust Series 2007-A2                               | CUSIP: 12566UAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    189393 | PA      | $169324.20    | 0.01%             | 2037-02-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Citimortgage Alternative Loan Trust                                                 | CitiMortgage Alternative Loan Trust Series 2007-A5                               | CUSIP: 12566WAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    651563 | PA      | $599488.39    | 0.02%             | 2037-05-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Citimortgage Alternative Loan Trust                                                 | CitiMortgage Alternative Loan Trust Series 2007-A3                               | CUSIP: 12567AAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    151051 | PA      | $133867.14    | 0.01%             | 2037-03-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                                                    | CIFC Funding 2022-II Ltd                                                         | CUSIP: 12567VAC5<br>LEI: 2549005S1LQJ8MBPXW05 | Long             | ABS-CBDO         | CORP              | KY        |    475000 | PA      | $266042.28    | 0.01%             | 2035-04-19      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Charlotte Buyer Inc                                                                 | Charlotte Buyer Inc 2025 Repriced Term Loan B                                    | CUSIP: 12568YAH7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1494863 | PA      | $1463799.47   | 0.06%             | 2028-02-11      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                                                           | CIM TRUST 2025-R1                                                                | CUSIP: 12575LAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2062422 | PA      | $2066902.11   | 0.08%             | 2099-02-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                                 | COMM 2014-CCRE19 Mortgage Trust                                                  | CUSIP: 12592GAC7<br>LEI: 5493004GWEVMOU8S3L34 | Long             | ABS-MBS          | CORP              | US        |    854520 | PA      | $4755.23      | 0.00%             | 2047-08-10      | Variable      | 0.77%                 | No            |                  2 | On Loan: No      |
| Antylia Scientific                                                                  | Antylia Scientific Term Loan                                                     | CUSIP: 12592HAG6<br>LEI: 549300EZRMS5BZD8TN98 | Long             | LON              | CORP              | US        |    353436 | PA      | $351536.45    | 0.01%             | 2032-05-27      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                                 | COMM 2014-UBS5 Mortgage Trust                                                    | CUSIP: 12592KBD5<br>LEI: 5493004GWEVMOU8S3L34 | Long             | ABS-MBS          | CORP              | US        |   1442020 | PA      | $22.93        | 0.00%             | 2047-09-10      | Variable      | 0.59%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                                                           | CIM Trust 2021-R5                                                                | CUSIP: 12592SAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    681000 | PA      | $468730.60    | 0.02%             | 2061-08-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                                 | COMM 2015-LC21 Mortgage Trust                                                    | CUSIP: 12593FAG9<br>LEI: 5493004GWEVMOU8S3L34 | Long             | ABS-MBS          | CORP              | US        |  10015000 | PA      | $325.49       | 0.00%             | 2048-07-10      | Variable      | 0.99%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                                 | COMM 2016-CR28 Mortgage Trust                                                    | CUSIP: 12593YBH5<br>LEI: 5493004GWEVMOU8S3L34 | Long             | ABS-MBS          | CORP              | US        |    998134 | PA      | $20.46        | 0.00%             | 2049-02-10      | Variable      | 0.51%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                                                     | CSAIL 2019-C16 Commercial Mortgage Trust                                         | CUSIP: 12596WAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    531453 | PA      | $21744.09     | 0.00%             | 2052-06-15      | Variable      | 1.53%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                                 | COMM 2012-LC4 Mortgage Trust                                                     | CUSIP: 126192AJ2<br>LEI: 5493004GWEVMOU8S3L34 | Long             | ABS-MBS          | CORP              | US        |    794643 | PA      | $11.52        | 0.00%             | 2044-12-10      | Variable      | 0.43%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                                 | COMM 2012-CCRE4 Mortgage Trust                                                   | CUSIP: 12624QAS2<br>LEI: 5493004GWEVMOU8S3L34 | Long             | ABS-MBS          | CORP              | US        |    160043 | PA      | $3224.26      | 0.00%             | 2045-10-15      | Variable      | 1.14%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                                    | CSC Holdings LLC                                                                 | CUSIP: 126307AZ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   2430000 | PA      | $1562562.90   | 0.06%             | 2029-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                                    | CSC Holdings LLC                                                                 | CUSIP: 126307BD8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    300000 | PA      | $112095.00    | 0.00%             | 2030-12-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                                    | CSC Holdings LLC                                                                 | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   2896000 | PA      | $2118452.96   | 0.08%             | 2029-01-31      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                                 | COMM 2016-787S Mortgage Trust                                                    | CUSIP: 12635WAJ6<br>LEI: 5493004GWEVMOU8S3L34 | Long             | ABS-MBS          | CORP              | US        |    950000 | PA      | $933824.26    | 0.04%             | 2036-02-10      | Variable      | 3.83%                 | No            |                  2 | On Loan: No      |
| CSN ISLANDS XI CORP                                                                 | CSN Inova Ventures                                                               | CUSIP: 12642KAB0<br>LEI: 222100R8R68DM7VM3661 | Long             | DBT              | CORP              | KY        |   2369000 | PA      | $2267275.14   | 0.09%             | 2028-01-28      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CSN RESOURCES SA                                                                    | CSN Resources SA                                                                 | CUSIP: 12644VAE8<br>LEI: 222100ZEX458NMOXZP08 | Long             | DBT              | CORP              | LU        |   3851000 | PA      | $3147152.73   | 0.12%             | 2032-04-08      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                                                        | CSMC Series 2014-8R                                                              | CUSIP: 12648VAL8<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |    849718 | PA      | $713972.18    | 0.03%             | 2036-02-27      | Variable      | 5.46%                 | No            |                  2 | On Loan: No      |
| CPT MORTGAGE TRUST                                                                  | Century Plaza Towers 2019-CPT                                                    | CUSIP: 12654YAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    450000 | PA      | $354018.92    | 0.01%             | 2039-11-13      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| CQP HOLDCO LP/BIP-V CHIN                                                            | CQP Holdco LP / BIP-V Chinook Holdco LLC                                         | CUSIP: 12657NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1860000 | PA      | $1850904.60   | 0.07%             | 2031-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                     | CVS Health Corp                                                                  | CUSIP: 126650CY4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     75000 | PA      | $70350.00     | 0.00%             | 2038-03-25      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                     | CVS Health Corp                                                                  | CUSIP: 126650CZ1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   3250000 | PA      | $2857855.00   | 0.11%             | 2048-03-25      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                     | CVS Health Corp                                                                  | CUSIP: 126650DZ0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    212000 | PA      | $204429.48    | 0.01%             | 2053-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                     | CVS Health Corp                                                                  | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1290000 | PA      | $1341909.60   | 0.05%             | 2054-12-10      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                     | CVS Health Corp                                                                  | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1334287.50   | 0.05%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2005-7CB                                                  | CUSIP: 12667F4M4<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |   1082604 | PA      | $58323.13     | 0.00%             | 2038-03-01      | Floating      | 1.26%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2004-30CB                                                 | CUSIP: 12667FG41<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |    694814 | PA      | $693986.74    | 0.03%             | 2035-02-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2005-46CB                                                 | CUSIP: 12667G6W8<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |    210019 | PA      | $143815.20    | 0.01%             | 2035-10-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2005-46CB                                                 | CUSIP: 12667G6X6<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |    158698 | PA      | $106586.70    | 0.00%             | 2035-10-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2005-46CB                                                 | CUSIP: 12667G7A5<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |    447677 | PA      | $306556.74    | 0.01%             | 2035-10-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2005-10CB                                                 | CUSIP: 12667GBD4<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |   1244128 | PA      | $1008474.34   | 0.04%             | 2035-05-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2005-64CB                                                 | CUSIP: 12668AA62<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |   2989072 | PA      | $404237.64    | 0.02%             | 2035-11-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2005-67CB                                                 | CUSIP: 12668AJ89<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |     52710 | PA      | $38479.36     | 0.00%             | 2036-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2005-74T1                                                 | CUSIP: 12668AL78<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |    442460 | PA      | $248061.63    | 0.01%             | 2036-01-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2005-55CW                                                 | CUSIP: 12668AMX0<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |    177117 | PA      | $114994.71    | 0.00%             | 2035-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2005-65CB                                                 | CUSIP: 12668AZ40<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |    261273 | PA      | $175150.06    | 0.01%             | 2035-12-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2005-86CB                                                 | CUSIP: 12668BFA6<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |    494354 | PA      | $273623.87    | 0.01%             | 2036-02-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2005-86CB                                                 | CUSIP: 12668BFH1<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |    225991 | PA      | $125085.31    | 0.00%             | 2036-02-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                                  | Alternative Loan Trust 2006-J1                                                   | CUSIP: 12668BKH5<br>LEI: 5493004SLAYUFMHIS127 | Long             | ABS-MBS          | CORP              | US        |    171475 | PA      | $114580.91    | 0.00%             | 2036-02-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                                               | Caesars Entertainment Inc                                                        | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1033820.00   | 0.04%             | 2030-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                                               | Caesars Entertainment Inc                                                        | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   2220000 | PA      | $2272991.40   | 0.09%             | 2032-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                                                      | Carvana Auto Receivables Trust 2022-P2                                           | CUSIP: 14686JAM2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3050 | PA      | $366544.01    | 0.01%             | 2029-05-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                                                      | Carvana Auto Receivables Trust 2023-N3                                           | CUSIP: 14686RAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2200 | PA      | $427839.80    | 0.02%             | 2030-09-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                                                      | Carvana Auto Receivables Trust 2023-N3                                           | CUSIP: 14686RAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13593871 | PA      | $222599.64    | 0.01%             | 2030-09-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                                                      | Carvana Auto Receivables Trust 2023-P2                                           | CUSIP: 14686TAK4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2000 | PA      | $165178.78    | 0.01%             | 2030-06-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                                                      | Carvana Auto Receivables Trust 2021-N3                                           | CUSIP: 14687GAH8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1500 | PA      | $108326.81    | 0.00%             | 2028-06-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                                                      | Carvana Auto Receivables Trust 2023-P1                                           | CUSIP: 14688EAH2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3100 | PA      | $205580.95    | 0.01%             | 2030-03-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                                                      | Carvana Auto Receivables Trust 2023-P3                                           | CUSIP: 14688GAK0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2000 | PA      | $210346.22    | 0.01%             | 2030-08-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cascade MH Asset Trust                                                              | Cascade MH Asset Trust 2022-MH1                                                  | CUSIP: 14732KAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1035568 | PA      | $1018126.56   | 0.04%             | 2054-08-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Cast and Crew Payroll LLC                                                           | Cast and Crew Payroll LLC 2021 Incremental Term Loan                             | CUSIP: 14835JAQ3<br>LEI: 549300XE7OZGFGN5F466 | Long             | LON              | CORP              | US        |    969732 | PA      | $609719.23    | 0.02%             | 2028-12-29      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Securitization Trust                                            | Castlelake Aircraft Structured Trust 2025-2                                      | CUSIP: 14855XAA2<br>LEI: 549300MHTIBONNXM3R82 | Long             | ABS-O            | CORP              | US        |   2065695 | PA      | $2086397.80   | 0.08%             | 2050-08-15      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Securitization Trust                                            | Castlelake Aircraft Structured Trust 2025-3                                      | CUSIP: 14855YAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1609626 | PA      | $1610852.18   | 0.06%             | 2050-11-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Securitization Trust                                            | Castlelake Aircraft Structured Trust 2025-1                                      | CUSIP: 14856VAA5<br>LEI: 549300MHTIBONNXM3R82 | Long             | ABS-O            | CORP              | US        |   3295280 | PA      | $3349177.88   | 0.13%             | 2050-02-15      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| Celsius Holdings Inc                                                                | Celsius Holdings Inc 2025 Term Loan B                                            | CUSIP: 15118XAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    417984 | PA      | $421118.80    | 0.02%             | 2032-04-01      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                                        | Centene Corp                                                                     | CUSIP: 15135BAW1<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   1323000 | PA      | $1184865.57   | 0.05%             | 2030-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                                        | Centene Corp                                                                     | CUSIP: 15135BAX9<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $864930.00    | 0.03%             | 2031-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                                        | Centene Corp                                                                     | CUSIP: 15135BAZ4<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $860190.00    | 0.03%             | 2031-08-01      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                                                              | CenterPoint Energy Inc                                                           | CUSIP: 15189TBS5<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |   4685000 | PA      | $4722901.65   | 0.18%             | 2056-04-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY RES                                                              | CenterPoint Energy Resources Corp                                                | CUSIP: 15189YAH9<br>LEI: 2JADVB0458J06WCD4N56 | Long             | DBT              | CORP              | US        |    765000 | PA      | $792356.40    | 0.03%             | 2033-03-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CENTRAL GARDEN & PET CO                                                             | Central Garden & Pet Co                                                          | CUSIP: 153527AN6<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |    575000 | PA      | $552592.25    | 0.02%             | 2030-10-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CENTRAL GARDEN & PET CO                                                             | Central Garden & Pet Co                                                          | CUSIP: 153527AP1<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |     58000 | PA      | $54827.98     | 0.00%             | 2031-04-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                            | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175BT0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $189507.50    | 0.01%             | 2050-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                            | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175BU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $126292.60    | 0.00%             | 2031-04-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                            | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175BV5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    530000 | PA      | $339772.40    | 0.01%             | 2051-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                            | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175CA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1360000 | PA      | $888093.60    | 0.03%             | 2052-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                            | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175CP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    246000 | PA      | $259136.40    | 0.01%             | 2034-02-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                            | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175CS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1170018.00   | 0.04%             | 2035-12-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC                                               | Charter Communications Operating LLC 2024 Term Loan B5                           | CUSIP: 16117LCE7<br>LEI: 549300TPZNMN50BJ3745 | Long             | LON              | CORP              | US        |   3157439 | PA      | $3157091.30   | 0.12%             | 2031-12-15      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| CHI Commercial Mortgage Trust                                                       | CHI Commercial Mortgage Trust 2025-SFT                                           | CUSIP: 16706GAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1920000 | PA      | $2002506.24   | 0.08%             | 2042-04-15      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Churchill Downs Incorporated                                                        | Churchill Downs Inc 2021 Incremental Term Loan B1                                | CUSIP: 17148PAF8<br>LEI: 529900FODTBQC8MIS994 | Long             | LON              | CORP              | US        |    997382 | PA      | $999566.47    | 0.04%             | 2028-03-17      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                       | Citigroup Inc                                                                    | CUSIP: 172967NE7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    510000 | PA      | $456654.00    | 0.02%             | 2032-11-03      | Floating      | 2.52%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                       | Citigroup Inc                                                                    | CUSIP: 172967QJ3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3075000 | PA      | $3130042.50   | 0.12%             | 2031-02-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc                                                   | Citigroup Mortgage Loan Trust 2006-WF1                                           | CUSIP: 17307G4H8<br>LEI: 549300R1KUK063S4I339 | Long             | ABS-O            | CORP              | US        |     26398 | PA      | $12089.40     | 0.00%             | 2036-03-25      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc                                                   | Citigroup Mortgage Loan Trust Inc                                                | CUSIP: 17307GVL9<br>LEI: 549300R1KUK063S4I339 | Long             | ABS-O            | CORP              | US        |   1254391 | PA      | $1169224.63   | 0.04%             | 2035-08-25      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| Citimortgage Alternative Loan Trust                                                 | CitiMortgage Alternative Loan Trust Series 2005-A1                               | CUSIP: 17308FAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1114147 | PA      | $1067696.37   | 0.04%             | 2035-07-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Citimortgage Alternative Loan Trust                                                 | CitiMortgage Alternative Loan Trust Series 2006-A1                               | CUSIP: 17309AAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    199174 | PA      | $183765.46    | 0.01%             | 2036-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc                                                   | Citigroup Mortgage Loan Trust 2009-10                                            | CUSIP: 17316AAF7<br>LEI: 549300R1KUK063S4I339 | Long             | ABS-MBS          | CORP              | US        |    479370 | PA      | $338476.58    | 0.01%             | 2035-12-25      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                                 | Citigroup Commercial Mortgage Trust 2016-GC36                                    | CUSIP: 17324TAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1295630 | PA      | $33.69        | 0.00%             | 2049-02-10      | Variable      | 0.99%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                                         | Citibank NA                                                                      | CUSIP: 17325FBL1<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5035550.00   | 0.19%             | 2027-11-19      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                                         | Citibank NA                                                                      | CUSIP: 17325FBP2<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2053160.00   | 0.08%             | 2030-05-29      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                                 | CGMS Commercial Mortgage Trust 2017-B1                                           | CUSIP: 17326CAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11628000 | PA      | $122133.54    | 0.00%             | 2050-08-15      | Variable      | 0.80%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                                 | Citigroup Commercial Mortgage Trust 2020-555                                     | CUSIP: 17328EAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1450000 | PA      | $1324230.63   | 0.05%             | 2041-12-10      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| CITY FOOTBALL GROUP LIMITED                                                         | City Football Group Limited 2024 Term Loan                                       | CUSIP: 17781XAD8<br>LEI: 213800K6VVWALRH9UJ69 | Long             | LON              | CORP              | GB        |   1453244 | PA      | $1450977.19   | 0.06%             | 2030-07-22      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                                            | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    517000 | PA      | $539360.25    | 0.02%             | 2031-02-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| CLEARWATER PAPER CORP                                                               | Clearwater Paper Corp                                                            | CUSIP: 18538RAJ2<br>LEI: 549300HCVV19GXN4P292 | Long             | DBT              | CORP              | US        |    822000 | PA      | $781393.20    | 0.03%             | 2028-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                                              | Cloud Software Group Inc                                                         | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1580000 | PA      | $1609040.40   | 0.06%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| COGENT COMMS GRP / FIN                                                              | Cogent Communications Group LLC / Cogent Finance Inc                             | CUSIP: 19240WAB5<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |   1855000 | PA      | $1708009.80   | 0.07%             | 2032-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Cologix Data Centers Issuer LLC                                                     | Cologix Data Centers US Issuer LLC                                               | CUSIP: 19521UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15720000 | PA      | $15462544.13  | 0.59%             | 2051-12-26      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Cologix Data Centers Issuer LLC                                                     | Cologix Data Centers US Issuer LLC                                               | CUSIP: 19521UAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2250000 | PA      | $2204181.00   | 0.08%             | 2051-12-26      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| Cologix Data Centers Issuer LLC                                                     | Cologix Data Centers US Issuer LLC                                               | CUSIP: 19521UAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3400000 | PA      | $3356999.86   | 0.13%             | 2051-12-26      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                                             | Colombia Government International Bonds                                          | CUSIP: 195325EP6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1940000 | PA      | $2037349.20   | 0.08%             | 2036-11-07      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Colossus Acquireco LLC                                                              | Colossus Acquireco LLC Term Loan B                                               | CUSIP: 19682LAB4<br>LEI: 2549009FT92RXWA46910 | Long             | LON              | CORP              | US        |    997500 | PA      | $995110.99    | 0.04%             | 2032-07-30      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                                                    | Colt 2024-7 Mortgage Loan Trust                                                  | CUSIP: 19688YAE4<br>LEI: 213800EA95GXXC9AJO50 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1017727.30   | 0.04%             | 2069-12-26      | Variable      | 7.13%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                                                    | COLT 2025-7 Mortgage Loan Trust                                                  | CUSIP: 19689CAE1<br>LEI: 213800DOQUYA3TO33M98 | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2025823.00   | 0.08%             | 2070-06-25      | Variable      | 6.92%                 | No            |                  2 | On Loan: No      |
| COLUMBUS MCKINNON CORP                                                              | Columbus McKinnon Corp/NY                                                        | CUSIP: 199333AK1<br>LEI: 549300W3HQB0HO1F3G69 | Long             | DBT              | CORP              | US        |    605000 | PA      | $608527.15    | 0.02%             | 2033-02-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| CART                                                                                | CONE Trust 2024-DFW1                                                             | CUSIP: 20682AAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1267000 | PA      | $1268674.85   | 0.05%             | 2041-08-15      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 20753TAC7<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |    698611 | PA      | $709600.12    | 0.03%             | 2039-06-25      | Floating      | 9.06%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 20754AAJ2<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |   7330000 | PA      | $7575541.81   | 0.29%             | 2041-12-25      | Floating      | 9.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 20754JAC8<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |    776139 | PA      | $788758.68    | 0.03%             | 2039-09-25      | Floating      | 7.56%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 20754LAJ8<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |   5710000 | PA      | $5928620.48   | 0.23%             | 2041-12-25      | Floating      | 9.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 20754PAD2<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |   3822909 | PA      | $4038018.66   | 0.15%             | 2039-11-25      | Floating      | 13.06%                | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 20754RAJ5<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |   6635000 | PA      | $6846006.27   | 0.26%             | 2041-10-25      | Floating      | 9.70%                 | No            |                  2 | On Loan: No      |
| Conseco Finance Securitizations Corp.                                               | Conseco Finance Securitizations Corp                                             | CUSIP: 20846QBP2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3422743 | PA      | $409511.36    | 0.02%             | 2029-09-01      | Variable      | 8.06%                 | No            |                  2 | On Loan: No      |
| Conseco Finance Securitizations Corp.                                               | Conseco Finance Securitizations Corp                                             | CUSIP: 20846QDU9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1992158 | PA      | $239241.39    | 0.01%             | 2032-05-01      | Fixed         | 7.97%                 | No            |                  2 | On Loan: No      |
| Consolidated Communications LLC, Fidium Fiber Finance Holdco LLC                    | Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC                  | CUSIP: 209031AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5965000 | PA      | $6303625.89   | 0.24%             | 2055-05-20      | Fixed         | 9.41%                 | No            |                  2 | On Loan: No      |
| COOPR Residential Mortgage Trust                                                    | COOPR Residential Mortgage Trust 2025-CES3                                       | CUSIP: 216926AF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4500000 | PA      | $4518936.00   | 0.17%             | 2060-09-25      | Variable      | 5.63%                 | No            |                  2 | On Loan: No      |
| Colony American Finance Ltd                                                         | Corevest American Finance 2019-3 Trust                                           | CUSIP: 21872NAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     44709 | PA      | $2.59         | 0.00%             | 2052-10-15      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| Colony American Finance Ltd                                                         | Corevest American Finance 2021-1 Trust                                           | CUSIP: 21873LAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4459000 | PA      | $185476.56    | 0.01%             | 2053-04-15      | Variable      | 1.41%                 | No            |                  2 | On Loan: No      |
| Cornerstone Generation LLC                                                          | Cornerstone Generation LLC Term Loan B                                           | CUSIP: 21924NAB4<br>LEI: 254900JBGAU2N55LVN75 | Long             | LON              | CORP              | US        |    174892 | PA      | $176458.61    | 0.01%             | 2032-08-11      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae                                                                       | CUSIP: 21H040624<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  18825000 | PA      | $17804534.40  | 0.68%             | 2056-02-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae                                                                       | CUSIP: 21H042620<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  22250000 | PA      | $21722452.50  | 0.83%             | 2056-02-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae                                                                       | CUSIP: 21H050623<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  30700000 | PA      | $30686722.25  | 1.18%             | 2056-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae                                                                       | CUSIP: 21H052629<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  22800000 | PA      | $23048976.00  | 0.88%             | 2056-02-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CROCS INC                                                                           | Crocs Inc                                                                        | CUSIP: 227046AB5<br>LEI: 549300B0J6YCXD63OG72 | Long             | DBT              | CORP              | US        |   2535000 | PA      | $2323378.20   | 0.09%             | 2031-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                                                | Cross 2024-H7 Mortgage Trust                                                     | CUSIP: 22757CAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3930000 | PA      | $3964628.02   | 0.15%             | 2069-11-25      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                                                | Cross 2024-H8 Mortgage Trust                                                     | CUSIP: 22757GAH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3300000 | PA      | $3321481.35   | 0.13%             | 2069-12-25      | Variable      | 7.35%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                                                | Cross 2024-H5 Mortgage Trust                                                     | CUSIP: 22757HAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3654000 | PA      | $3707361.55   | 0.14%             | 2069-08-26      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                                                | Cross 2024-H4 Mortgage Trust                                                     | CUSIP: 22758HAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3768000 | PA      | $3824474.78   | 0.15%             | 2069-07-25      | Variable      | 8.10%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                                                | Cross 2024-H6 Mortgage Trust                                                     | CUSIP: 227919AB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    738270 | PA      | $741449.13    | 0.03%             | 2069-09-25      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                                                | Cross 2024-H6 Mortgage Trust                                                     | CUSIP: 227919AC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    664443 | PA      | $666563.43    | 0.03%             | 2069-09-25      | Variable      | 5.48%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                                                | Cross 2025-H5 Mortgage Trust                                                     | CUSIP: 227920AH8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3160000 | PA      | $3194568.50   | 0.12%             | 2070-07-25      | Variable      | 7.63%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                                    | Crown Castle Inc                                                                 | CUSIP: 22822VAW1<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |   1250000 | PA      | $1104800.00   | 0.04%             | 2031-04-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                                                        | CSMC Mortgage-Backed Trust 2006-7                                                | CUSIP: 22942KBV1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    390632 | PA      | $140682.03    | 0.01%             | 2036-08-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                                                        | CSMC Mortgage-Backed Trust 2006-7                                                | CUSIP: 22942KCH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1021126 | PA      | $475375.81    | 0.02%             | 2036-08-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                                                        | CSMC Mortgage-Backed Trust 2007-5                                                | CUSIP: 22944BAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    721877 | PA      | $393832.56    | 0.02%             | 2037-08-25      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Cyberswift US Finco LLC                                                             | Cyberswift US Finco LLC Term Loan B                                              | CUSIP: 23252DAB4<br>LEI: 9845008473F79E3H9069 | Long             | LON              | CORP              | NL        |   1000000 | PA      | $972500.00    | 0.04%             | 2032-10-08      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| DBGS Mortgage Trust                                                                 | DBGS 2021-W52 Mortgage Trust                                                     | CUSIP: 23308LAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3600000 | PA      | $3582101.16   | 0.14%             | 2039-10-15      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| DBGS Mortgage Trust                                                                 | DBGS 2021-W52 Mortgage Trust                                                     | CUSIP: 23308LAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1350000 | PA      | $1333428.75   | 0.05%             | 2039-10-15      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Commercial Mortgage Trust                                             | DBJPM 16-C1 Mortgage Trust                                                       | CUSIP: 23312LAW8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4158204 | PA      | $153.85       | 0.00%             | 2049-05-10      | Variable      | 1.20%                 | No            |                  2 | On Loan: No      |
| DOLP Trust                                                                          | DOLP Trust 2021-NYC                                                              | CUSIP: 23345LAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1458000 | PA      | $1323041.25   | 0.05%             | 2041-05-10      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| DOLP Trust                                                                          | DOLP Trust 2021-NYC                                                              | CUSIP: 23345LAL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $496545.30    | 0.02%             | 2041-05-10      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| DOLP Trust                                                                          | DOLP Trust 2021-NYC                                                              | CUSIP: 23345LAQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2250000 | PA      | $1631795.40   | 0.06%             | 2041-05-10      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| DGWD Trust                                                                          | DGWD Trust 2025-INFL                                                             | CUSIP: 23347FAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2425000 | PA      | $2449358.64   | 0.09%             | 2035-08-15      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| DTI Holdco Inc                                                                      | DTI Holdco Inc 2025 Term Loan B                                                  | CUSIP: 23358EAK5<br>LEI: 549300QQVMUL3P8XVJ27 | Long             | LON              | CORP              | US        |   1375925 | PA      | $1292729.41   | 0.05%             | 2029-04-26      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| DailyPay Securitization Trust                                                       | DailyPay Securitization Trust 2025-1                                             | CUSIP: 233824AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2920000 | PA      | $2949796.85   | 0.11%             | 2028-06-26      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| DataBank Issuer LLC                                                                 | DataBank Issuer                                                                  | CUSIP: 23802WAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1950000 | PA      | $1946474.01   | 0.07%             | 2051-02-27      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| Dave & Buster's, Inc.                                                               | Dave & Buster's Inc 2024 1st Lien Term Loan B                                    | CUSIP: 23833EAY0<br>LEI: 549300JAVWTAY1FT5Z45 | Long             | LON              | CORP              | US        |    499284 | PA      | $447483.01    | 0.02%             | 2031-11-01      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| Davis Park CLO                                                                      | Davis Park CLO Ltd                                                               | CUSIP: 239086AU5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   3500000 | PA      | $3531601.50   | 0.14%             | 2038-07-20      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| DAYFORCE INC                                                                        | DAYFORCE INC 2025 TERM LOAN                                                      | CUSIP: 23923YAB7<br>LEI: 549300T64GVCHFJ8L449 | Long             | LON              | CORP              | US        |   1000000 | PA      | $974375.00    | 0.04%             | 2032-08-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DBSG 2024-ALTA Mortgage Trust                                                       | DBSG 2024-ALTA Mortgage Trust                                                    | CUSIP: 239918AG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $504260.00    | 0.02%             | 2037-06-10      | Variable      | 7.06%                 | No            |                  2 | On Loan: No      |
| Dechra Pharmaceuticals Holdings Ltd                                                 | Dechra Pharmaceuticals Holdings Ltd USD Term Loan B                              | CUSIP: 24343EAB1<br>LEI: 254900O65L5G9CGTAS28 | Long             | LON              | CORP              | US        |    198500 | PA      | $199095.50    | 0.01%             | 2032-01-27      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| Del Amo Fashion Center Trust                                                        | Del Amo Fashion Center Trust 2017-AMO                                            | CUSIP: 24500EAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1515000 | PA      | $1443675.32   | 0.06%             | 2035-06-05      | Variable      | 3.64%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                                             | Dell International LLC / EMC Corp                                                | CUSIP: 24703TAL0<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |   1135000 | PA      | $1151275.90   | 0.04%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                                             | Dell International LLC / EMC Corp                                                | CUSIP: 24703TAM8<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    840000 | PA      | $859807.20    | 0.03%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES 2020-AA                                                             | Delta Air Lines 2020-1 Class AA Pass Through Trust                               | CUSIP: 247361ZV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     16778 | PA      | $16200.48     | 0.00%             | 2028-06-10      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SkyMiles IP Ltd                                                                     | SkyMiles IP Ltd 2025 Repriced Term Loan B                                        | CUSIP: 24736CBT0<br>LEI: 2549008L7P4I8VB90936 | Long             | LON              | CORP              | KY        |   1764154 | PA      | $1778708.54   | 0.07%             | 2028-10-20      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| DELUXE CORP                                                                         | Deluxe Corp                                                                      | CUSIP: 248019AW1<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |     52000 | PA      | $54655.12     | 0.00%             | 2029-09-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| Dermatology Intermediate Holdings III Inc                                           | Dermatology Intermediate Holdings III Inc 2022 Term Loan B                       | CUSIP: 24982LAB1<br>LEI: 254900GUIR9SP64DNR96 | Long             | LON              | CORP              | US        |   1000000 | PA      | $964645.00    | 0.04%             | 2029-03-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dermatology Intermediate Holdings III Inc                                           | Dermatology Intermediate Holdings III Inc 2023 Incremental Term Loan B           | CUSIP: 24982LAE5<br>LEI: 254900GUIR9SP64DNR96 | Long             | LON              | CORP              | US        |    494872 | PA      | $478479.16    | 0.02%             | 2029-03-30      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE ALT-B SECURITIES INC MORTGAGE L                                            | Deutsche Alt-B Securities Inc Mortgage Loan Trust Series 2006-AB2                | CUSIP: 251511AB7<br>LEI: 5299003GGM6YEXXXJ012 | Long             | ABS-MBS          | CORP              | US        |    168304 | PA      | $154556.87    | 0.01%             | 2036-06-25      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| Deutsche Mortgage and Asset Receiving Corp.                                         | Deutsche Mortgage & Asset Receiving Corp                                         | CUSIP: 25160HAC9<br>LEI: 529900JBPP7HAVCM8C23 | Long             | ABS-MBS          | CORP              | US        |    257251 | PA      | $211086.25    | 0.01%             | 2037-07-27      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Diamond Infrastructure Funding LLC                                                  | Diamond Infrastructure Funding LLC                                               | CUSIP: 25265LAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5290000 | PA      | $5149682.22   | 0.20%             | 2049-04-15      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| Diamond Issuer LLC                                                                  | Diamond Issuer LLC                                                               | CUSIP: 25267TAS0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2735000 | PA      | $2651520.69   | 0.10%             | 2051-11-20      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                                                   | DISH Network Corp                                                                | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   1277000 | PA      | $1321771.62   | 0.05%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                                                       | DISH DBS Corp                                                                    | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1095000 | PA      | $970257.60    | 0.04%             | 2029-06-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                                                 | Dominion Energy Inc                                                              | CUSIP: 25746UDZ9<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   5325000 | PA      | $5377185.00   | 0.21%             | 2056-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DROP Mortgage Trust 2021-FILE                                                       | DROP Mortgage Trust 2021-FILE                                                    | CUSIP: 26210YAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5200000 | PA      | $5162350.96   | 0.20%             | 2043-10-15      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                                             | Dryden 45 Senior Loan Fund                                                       | CUSIP: 26244MBC5<br>LEI: 54930046L20VLJKPVV31 | Long             | ABS-CBDO         | CORP              | KY        |   1300000 | PA      | $1301293.50   | 0.05%             | 2030-10-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                                                  | Ellington Financial Mortgage Trust 2022-4                                        | CUSIP: 268432AE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $895919.31    | 0.03%             | 2067-09-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                                                  | EFMT 2024-NQM1                                                                   | CUSIP: 26845DAG0<br>LEI: 254900GTI06L3BTCLG55 | Long             | ABS-MBS          | CORP              | US        |   2867000 | PA      | $2894783.81   | 0.11%             | 2069-11-25      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| EOC Borrower LLC                                                                    | EOC Borrower LLC Term Loan B                                                     | CUSIP: 26875YAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    497500 | PA      | $498432.81    | 0.02%             | 2032-03-24      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| EOC Borrower LLC                                                                    | EOC Borrower LLC Term Loan A                                                     | CUSIP: 26875YAC6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    436563 | PA      | $436835.60    | 0.02%             | 2028-03-24      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| EP Purchaser LLC                                                                    | EP Purchaser LLC 2023 Term Loan B                                                | CUSIP: 26881KAD6<br>LEI: 549300GGODRVQG1GH476 | Long             | LON              | CORP              | US        |    431820 | PA      | $269240.04    | 0.01%             | 2028-11-06      | Floating      | 8.44%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                                         | PURCHASED USD / SOLD AUD                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-470969.07   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                                         | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-13275.98    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                                                             | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |         1 | NC      | $-787094.26   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                                                             | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |         1 | NC      | $-267053.71   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                                                             | PURCHASED USD / SOLD CAD                                                         | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |         1 | NC      | $-33738.26    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                                                             | PURCHASED USD / SOLD AUD                                                         | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |         1 | NC      | $-46530.78    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                                                             | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | XX        |         1 | NC      | $19570.90     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                                                             | PURCHASED USD / SOLD AUD                                                         | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |         1 | NC      | $-5261.82     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                                                             | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | XX        |         1 | NC      | $23323.52     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                                                             | PURCHASED USD / SOLD AUD                                                         | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |         1 | NC      | $-104866.07   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                                                             | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |         1 | NC      | $-58134.92    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                                                             | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |         1 | NC      | $-24185.91    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                                                             | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |         1 | NC      | $-26010.73    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                                                             | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |         1 | NC      | $-18774.93    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                                                             | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |         1 | NC      | $-10969.29    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                                         | PURCHASED USD / SOLD GBP                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-34060.43    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                                                             | PURCHASED USD / SOLD AUD                                                         | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |         1 | NC      | $-33031.04    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                                                             | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |         1 | NC      | $-15722.60    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                                                             | PURCHASED USD / SOLD AUD                                                         | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |         1 | NC      | $-34931.81    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                                                             | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |         1 | NC      | $-20335.16    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                                         | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-21651.94    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                                         | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-33295.56    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                                         | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $14836.44     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                                                             | PURCHASED EUR / SOLD USD                                                         | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | XX        |         1 | NC      | $-1853.18     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                                                             | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |         1 | NC      | $1849.94      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New York Mellon                                                             | PURCHASED USD / SOLD EUR                                                         | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | N/A              | DFE              |  | US        |         1 | NC      | $8063.85      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                                                       | EchoStar Corp                                                                    | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    688000 | PA      | $754715.36    | 0.03%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                                        | Ecopetrol SA                                                                     | CUSIP: 279158AV1<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   1660000 | PA      | $1718199.60   | 0.07%             | 2036-01-19      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| EdgeConneX Data Centers Issuer, LLC                                                 | Edgeconnex Data Centers Issuer LLC                                               | CUSIP: 28000XAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8231250 | PA      | $8072535.04   | 0.31%             | 2052-03-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| EDGEWELL PERSONAL CARE                                                              | Edgewell Personal Care Co                                                        | CUSIP: 28035QAB8<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | DBT              | CORP              | US        |    860000 | PA      | $825617.20    | 0.03%             | 2029-04-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                                                  | EFMT 2024-CES1                                                                   | CUSIP: 281907AE5<br>LEI: 2549005YTE90D77H8V23 | Long             | ABS-MBS          | CORP              | US        |   4263000 | PA      | $4329628.13   | 0.17%             | 2060-01-26      | Variable      | 7.04%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                                                  | EFMT 2025-INV2                                                                   | CUSIP: 281914AE1<br>LEI: 254900ZO1GLQXE3JWX68 | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $4089350.80   | 0.16%             | 2070-05-26      | Variable      | 7.47%                 | No            |                  2 | On Loan: No      |
| Elanco Animal Health Incorporated                                                   | Elanco Animal Health Inc 2025 Term Loan B                                        | CUSIP: 28414BAJ5<br>LEI: 549300SHPNDCE059M934 | Long             | LON              | CORP              | US        |   1000000 | PA      | $1001375.00   | 0.04%             | 2032-10-31      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                                            | Electricite de France SA                                                         | CUSIP: 28504KAA5<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    575000 | PA      | $679920.25    | 0.03%             | 2033-03-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO VI Ltd.                                                                 | Elmwood CLO VI Ltd                                                               | CUSIP: 29001VBA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3400000 | PA      | $3404865.40   | 0.13%             | 2037-07-18      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO III Ltd                                                                 | Elmwood CLO III Ltd                                                              | CUSIP: 29002JAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $1416264.50   | 0.05%             | 2037-07-18      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO III Ltd                                                                 | Elmwood CLO III Ltd                                                              | CUSIP: 29002JAL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1900000 | PA      | $1906175.00   | 0.07%             | 2037-07-18      | Floating      | 9.62%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 17 Ltd                                                                  | Elmwood CLO 17 Ltd                                                               | CUSIP: 29003GAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $2289160.00   | 0.09%             | 2037-07-17      | Variable      | 4.36%                 | No            |                  2 | On Loan: No      |
| ELP Commercial Mortgage Trust                                                       | ELP Commercial Mortgage Trust 2025-ELP                                           | CUSIP: 290154AJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4150000 | PA      | $4237212.25   | 0.16%             | 2042-11-13      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                                                              | Energizer Holdings Inc                                                           | CUSIP: 29272WAG4<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |   2245000 | PA      | $2157961.35   | 0.08%             | 2033-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                                  | Energy Transfer LP                                                               | CUSIP: 29273VAJ9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   2733000 | PA      | $2766998.52   | 0.11%             | 2028-02-15      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| Astrion Group, LLC                                                                  | Astrion Group LLC 2024 Term Loan                                                 | CUSIP: 29288KAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1492462 | PA      | $1156657.93   | 0.04%             | 2031-08-29      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| Ensemble RCM LLC                                                                    | Ensemble RCM LLC 2024 Term Loan B                                                | CUSIP: 29359BAE1<br>LEI: 254900PDXJVVI20WAQ37 | Long             | LON              | CORP              | US        |    992424 | PA      | $985447.51    | 0.04%             | 2029-08-01      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| ENTERGY CORP                                                                        | Entergy Corp                                                                     | CUSIP: 29364GAR4<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2000760.00   | 0.08%             | 2056-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SK INVICTUS INTERMEDIATE                                                            | SK Invictus Intermediate II Sarl                                                 | CUSIP: 29977LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    431000 | PA      | $425487.51    | 0.02%             | 2029-10-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                                              | Extra Space Storage LP                                                           | CUSIP: 30225VAQ0<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              |  | US        |     71000 | PA      | $63131.78     | 0.00%             | 2031-10-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                                                         | Extended Stay America Trust 2025-ESH                                             | CUSIP: 30227TAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5540000 | PA      | $5601875.15   | 0.21%             | 2042-10-15      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| ExteNet Systems                                                                     | ExteNet Issuer LLC                                                               | CUSIP: 30227XAS0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2565461.50   | 0.10%             | 2054-07-25      | Fixed         | 8.27%                 | No            |                  2 | On Loan: No      |
| EZCORP INC                                                                          | EZCORP Inc                                                                       | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |    150000 | PA      | $160269.00    | 0.01%             | 2032-04-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| First Franklin Mtg Loan Asset Backed Certificates                                   | First Franklin Mortgage Loan Trust 2006-FF13                                     | CUSIP: 30247DAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9660393 | PA      | $6379461.81   | 0.24%             | 2036-10-25      | Floating      | 4.11%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                                  | Meta Platforms Inc                                                               | CUSIP: 30303MAC6<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   8945000 | PA      | $8966199.65   | 0.34%             | 2032-11-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                                  | Meta Platforms Inc                                                               | CUSIP: 30303MAD4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2768444.00   | 0.11%             | 2035-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                                  | Meta Platforms Inc                                                               | CUSIP: 30303MAE2<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2139255.00   | 0.08%             | 2055-11-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| FRTKL                                                                               | FRTKL 2021-SFR1                                                                  | CUSIP: 30322DAL3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1779000 | PA      | $1743799.64   | 0.07%             | 2038-09-17      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| FRTKL                                                                               | FRTKL 2021-SFR1                                                                  | CUSIP: 30322DAN9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5073000 | PA      | $4971814.45   | 0.19%             | 2038-09-17      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| FIP Master Funding, LLC                                                             | FIP Master Funding LLC                                                           | CUSIP: 30332YAK7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2512951.68   | 0.10%             | 2055-10-15      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| FS Commerical Mortgage Trust 2023-4SZN                                              | FS Commercial Mortgage Trust 2023-4SZN                                           | CUSIP: 30334RAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1023070.80   | 0.04%             | 2039-11-10      | Variable      | 10.42%                | No            |                  2 | On Loan: No      |
| First Help Financial LLC                                                            | FHF Issuer Trust 2024-3                                                          | CUSIP: 30339EAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2965504 | PA      | $2969870.50   | 0.11%             | 2030-11-15      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| FARMERS EXCHANGE CAPITAL                                                            | Farmers Exchange Capital                                                         | CUSIP: 309588AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3140520.00   | 0.12%             | 2028-07-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| FARMERS EXCHANGE CAP II                                                             | Farmers Exchange Capital II                                                      | CUSIP: 30958PAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    550000 | PA      | $540787.50    | 0.02%             | 2053-11-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| FARMERS EXCHANGE CAP III                                                            | Farmers Exchange Capital III                                                     | CUSIP: 30958QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    835000 | PA      | $790143.80    | 0.03%             | 2054-10-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| FARMERS INS EXCH                                                                    | Farmers Insurance Exchange                                                       | CUSIP: 309601AE2<br>LEI: 549300UWG2TLX1GZVT44 | Long             | DBT              | CORP              | US        |    135000 | PA      | $113613.30    | 0.00%             | 2057-11-01      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| FARMERS INS EXCH                                                                    | Farmers Insurance Exchange                                                       | CUSIP: 309601AG7<br>LEI: 549300UWG2TLX1GZVT44 | Long             | DBT              | CORP              | US        |    265000 | PA      | $271943.00    | 0.01%             | 2064-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FORVIA SE                                                                           | Forvia SE                                                                        | CUSIP: 31209DAA3<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |    385000 | PA      | $411318.60    | 0.02%             | 2030-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip                                                                    | Freddie Mac Strips                                                               | CUSIP: 31282YJ42<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    150219 | PA      | $25707.98     | 0.00%             | 2036-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip                                                                    | Freddie Mac Strips                                                               | CUSIP: 31325YBW7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6013765 | PA      | $780363.20    | 0.03%             | 2052-03-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip                                                                    | Freddie Mac Strips                                                               | CUSIP: 31325YRN0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  11537538 | PA      | $1549257.18   | 0.06%             | 2052-06-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip                                                                    | Freddie Mac Strips                                                               | CUSIP: 31325YRU4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5274088 | PA      | $801326.36    | 0.03%             | 2052-10-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DS4H2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    333748 | PA      | $319832.86    | 0.01%             | 2053-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWE66<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    470384 | PA      | $462592.47    | 0.02%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWEJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1738717 | PA      | $1666221.83   | 0.06%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWEK5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3170614 | PA      | $3118687.14   | 0.12%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWER0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  42094800 | PA      | $40333149.43  | 1.55%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWES8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6227851 | PA      | $6125275.90   | 0.24%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWF32<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6779849 | PA      | $6492962.39   | 0.25%             | 2053-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWFE8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    617598 | PA      | $591559.89    | 0.02%             | 2052-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWFF5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2659409 | PA      | $2615113.22   | 0.10%             | 2052-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWFQ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2734137 | PA      | $2688597.03   | 0.10%             | 2052-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWG80<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7078710 | PA      | $7108731.50   | 0.27%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWGF4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  30941985 | PA      | $30420856.54  | 1.17%             | 2053-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWGG2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2496744 | PA      | $2505944.79   | 0.10%             | 2053-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWNE9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  18224493 | PA      | $17858416.26  | 0.69%             | 2054-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip                                                                    | Freddie Mac Strips                                                               | CUSIP: 3133Q5E51<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6138857 | PA      | $800820.82    | 0.03%             | 2051-01-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                | CUSIP: 3136A1L60<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     50014 | PA      | $3613.87      | 0.00%             | 2041-11-25      | Floating      | 2.19%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                | CUSIP: 3136AAKX2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     35207 | PA      | $625.80       | 0.00%             | 2027-12-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                                                      | Fannie Mae-Aces                                                                  | CUSIP: 3136AQ5K2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     56866 | PA      | $2.95         | 0.00%             | 2036-04-25      | Variable      | 2.04%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                                                      | Fannie Mae-Aces                                                                  | CUSIP: 3136ARP44<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    389172 | PA      | $13735.43     | 0.00%             | 2039-01-25      | Variable      | 2.69%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                                                      | Fannie Mae-Aces                                                                  | CUSIP: 3136AT5H3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    172392 | PA      | $3122.93      | 0.00%             | 2039-07-25      | Variable      | 2.99%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                | CUSIP: 3136BTBD4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2135389 | PA      | $2153430.15   | 0.08%             | 2054-10-25      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                | CUSIP: 3136BTLG6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  12529511 | PA      | $638348.53    | 0.02%             | 2054-07-25      | Floating      | 1.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                | CUSIP: 3136BTM26<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8367444 | PA      | $8446742.71   | 0.32%             | 2054-12-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                | CUSIP: 3136BTNR0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  14082207 | PA      | $965939.16    | 0.04%             | 2054-11-25      | Floating      | 1.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                | CUSIP: 3136BTYZ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6526063 | PA      | $454473.97    | 0.02%             | 2054-12-25      | Floating      | 2.18%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                | CUSIP: 3136BU2D1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4169361 | PA      | $4211445.41   | 0.16%             | 2055-03-25      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                | CUSIP: 3136BUDM9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2798306 | PA      | $241157.52    | 0.01%             | 2054-12-25      | Floating      | 2.31%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                | CUSIP: 3136BUDT4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1004004 | PA      | $88278.22     | 0.00%             | 2054-11-25      | Floating      | 2.33%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                | CUSIP: 3136BVPV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1133838 | PA      | $1143061.60   | 0.04%             | 2055-04-25      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                | CUSIP: 3136BWAH9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  18796676 | PA      | $905081.75    | 0.03%             | 2055-06-25      | Floating      | 1.53%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                | CUSIP: 3136BWGP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    279628 | PA      | $271960.14    | 0.01%             | 2055-02-25      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                | CUSIP: 3136BWM86<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  16952263 | PA      | $1113427.03   | 0.04%             | 2055-08-25      | Floating      | 2.19%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                | CUSIP: 3136BWW69<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  22984026 | PA      | $23211395.73  | 0.89%             | 2055-08-25      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                | CUSIP: 3136BXKH6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  22267978 | PA      | $22489676.42  | 0.86%             | 2055-09-25      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                | CUSIP: 3136BXQA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9359222 | PA      | $808174.55    | 0.03%             | 2055-10-25      | Floating      | 2.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                | CUSIP: 3136BXTC8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  11777740 | PA      | $11871298.78  | 0.46%             | 2055-09-25      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                | CUSIP: 3136BXV76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  11315287 | PA      | $11418268.94  | 0.44%             | 2055-11-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                                    | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137BLN38<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    181304 | PA      | $17.28        | 0.00%             | 2043-10-25      | Variable      | 4.19%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                                    | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137BQYW1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6243936 | PA      | $44597.31     | 0.00%             | 2044-06-25      | Variable      | 2.11%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                                    | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137BUX94<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2999971 | PA      | $56726.15     | 0.00%             | 2045-01-25      | Variable      | 2.08%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                                    | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137FG7J8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1138601 | PA      | $95.53        | 0.00%             | 2046-05-25      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                                    | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137FMCP5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    135246 | PA      | $14709.34     | 0.00%             | 2031-01-25      | Variable      | 4.04%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                                    | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137FMU91<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3160000 | PA      | $18200.65     | 0.00%             | 2047-05-25      | Variable      | 2.15%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                                    | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137FNX21<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2495000 | PA      | $21145.87     | 0.00%             | 2047-09-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                                    | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137FPJQ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    539937 | PA      | $4622.89      | 0.00%             | 2027-06-25      | Variable      | 1.20%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                                    | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137FRUV1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9081688 | PA      | $421427.55    | 0.02%             | 2030-01-25      | Variable      | 1.31%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                                    | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137FWGL8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3482760 | PA      | $66590.90     | 0.00%             | 2027-05-25      | Variable      | 1.81%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HFGZ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1683586 | PA      | $1700926.50   | 0.07%             | 2054-09-25      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HHFS5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3645187 | PA      | $3678358.02   | 0.14%             | 2054-11-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HJ2B2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6277865 | PA      | $480225.70    | 0.02%             | 2055-01-25      | Floating      | 2.33%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HJ7M3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1307241 | PA      | $1313944.06   | 0.05%             | 2055-02-25      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HJC54<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6267172 | PA      | $486793.46    | 0.02%             | 2055-02-25      | Floating      | 2.08%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HKV76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  15241874 | PA      | $15373062.55  | 0.59%             | 2054-09-25      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HKVS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  13608733 | PA      | $13723287.56  | 0.53%             | 2055-04-25      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HLK35<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1286647 | PA      | $1272167.27   | 0.05%             | 2055-06-25      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HLMB5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1318428 | PA      | $1290498.95   | 0.05%             | 2055-06-25      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HLPB2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  13504362 | PA      | $734197.20    | 0.03%             | 2055-06-25      | Floating      | 1.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HLSP8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2306251 | PA      | $2335390.39   | 0.09%             | 2055-06-25      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HLT85<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    435179 | PA      | $427136.99    | 0.02%             | 2055-06-25      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HLVW9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1317858 | PA      | $1290661.48   | 0.05%             | 2055-06-25      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HMHD5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1435738 | PA      | $1377418.14   | 0.05%             | 2055-08-25      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HMVM9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  18267039 | PA      | $1711421.49   | 0.07%             | 2055-09-25      | Floating      | 2.23%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31381JN24<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     36875 | PA      | $36658.81     | 0.00%             | 2036-04-01      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140W0WU5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9289143 | PA      | $9136631.58   | 0.35%             | 2054-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140XRR64<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4247796 | PA      | $4173711.13   | 0.16%             | 2054-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418ED80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7096733 | PA      | $6804602.15   | 0.26%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418EGJ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2858068 | PA      | $2740242.30   | 0.11%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418EHJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8020494 | PA      | $7684441.17   | 0.29%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418EJ50<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4302469 | PA      | $4124824.86   | 0.16%             | 2052-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418EJ68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5978924 | PA      | $5881274.64   | 0.23%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418ELW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10523675 | PA      | $10348390.25  | 0.40%             | 2052-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418EMQ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5258271 | PA      | $5035769.96   | 0.19%             | 2053-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418ER77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9739510 | PA      | $9775728.88   | 0.38%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418FF28<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  17036317 | PA      | $16694107.72  | 0.64%             | 2055-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fanniemae Strip                                                                     | Fannie Mae Interest Strip                                                        | CUSIP: 31422M2C9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1309405 | PA      | $172314.57    | 0.01%             | 2051-06-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fanniemae Strip                                                                     | Fannie Mae Interest Strip                                                        | CUSIP: 31422M2D7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4812113 | PA      | $629717.62    | 0.02%             | 2051-03-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fanniemae Strip                                                                     | Fannie Mae Interest Strip                                                        | CUSIP: 31422M2E5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3132528 | PA      | $410657.13    | 0.02%             | 2050-11-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fanniemae Strip                                                                     | Fannie Mae Interest Strip                                                        | CUSIP: 31422MZL3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  35805665 | PA      | $3929465.83   | 0.15%             | 2052-01-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Fanniemae Strip                                                                     | Fannie Mae Interest Strip                                                        | CUSIP: 31423XZ61<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7373596 | PA      | $948332.87    | 0.04%             | 2052-10-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fanniemae Strip                                                                     | Fannie Mae Interest Strip                                                        | CUSIP: 31424UAZ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10354991 | PA      | $1343111.05   | 0.05%             | 2052-04-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 31427NEF2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  17265703 | PA      | $16518824.57  | 0.63%             | 2054-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip                                                                    | Freddie Mac Strips                                                               | CUSIP: 3142G6FR2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  15315274 | PA      | $2150629.44   | 0.08%             | 2052-03-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS LP/FERRELLGAS                                                            | Ferrellgas LP / Ferrellgas Finance Corp                                          | CUSIP: 315289AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    926000 | PA      | $891228.70    | 0.03%             | 2029-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS LP/FERRELLGAS                                                            | Ferrellgas LP / Ferrellgas Finance Corp                                          | CUSIP: 315292AU6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3180000 | PA      | $3287038.80   | 0.13%             | 2031-01-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Consolidated Communications LLC, Fidium Fiber Finance Holdco LLC                    | Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC                  | CUSIP: 315961AE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3100000 | PA      | $3210983.41   | 0.12%             | 2055-12-20      | Fixed         | 8.10%                 | No            |                  2 | On Loan: No      |
| FinCo I LLC                                                                         | FinCo I LLC 2025 Repriced Term Loan B                                            | CUSIP: 31774BAH7<br>LEI: 5493001RSEZ0X6VJMC68 | Long             | LON              | CORP              | US        |    997500 | PA      | $998302.99    | 0.04%             | 2029-06-27      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| First Brands Group LLC                                                              | First Brands Group LLC 2021 Term Loan                                            | CUSIP: 31935HAD9<br>LEI: 2549005IXRZR7KSBJD91 | Long             | LON              | CORP              | US        |    243710 | PA      | $1361.12      | 0.00%             | 2027-03-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| First Brands Group, LLC                                                             | First Brands Group LLC 2025 DIP Term Loan                                        | CUSIP: 31935HAM9<br>LEI: 2549005IXRZR7KSBJD91 | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2026-06-29      | Floating      | 13.69%                | No            |                  2 | On Loan: No      |
| FIRST BRANDS GROUP LLC                                                              | First Brands Group LLC 2025 PIK DIP Roll-Up Term Loan B                          | CUSIP: 31935HAN7<br>LEI: 2549005IXRZR7KSBJD91 | Long             | LON              | CORP              | US        |    279535 | PA      | $2202.74      | 0.00%             | 2026-06-29      | Floating      | 10.69%                | No            |                  2 | On Loan: No      |
| GC Ferry Acquisition I Inc                                                          | GC Ferry Acquisition I Inc Term Loan                                             | CUSIP: 32009UAD9<br>LEI: 549300ZKYR56QRODD510 | Long             | LON              | CORP              | US        |   1364476 | PA      | $1355736.80   | 0.05%             | 2032-08-16      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| GC Ferry Acquisition I Inc                                                          | GC Ferry Acquisition I Inc Delayed Draw Term Loan                                | CUSIP: 32009UAE7<br>LEI: 549300ZKYR56QRODD510 | Long             | LON              | CORP              | US        |    232959 | PA      | $231467.27    | 0.01%             | 2032-08-16      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| First Franklin Mtg Loan Asset Backed Certificates                                   | First Franklin Mortgage Loan Trust Series 2007-FF2                               | CUSIP: 32029GAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    625721 | PA      | $299749.97    | 0.01%             | 2037-03-25      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| First Horizon Alternative Mortgage Securities                                       | First Horizon Alternative Mortgage Securities Trust 2007-FA1                     | CUSIP: 32053DAD2<br>LEI: 5493005TE20WPW8O1W08 | Long             | ABS-MBS          | CORP              | US        |    535408 | PA      | $179910.70    | 0.01%             | 2037-03-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| First Horizon Alternative Mortgage Securities                                       | First Horizon Alternative Mortgage Securities Trust 2007-FA2                     | CUSIP: 32053LAD4<br>LEI: 549300PO80CHJL6XUB79 | Long             | ABS-MBS          | CORP              | US        |    705770 | PA      | $215194.98    | 0.01%             | 2037-04-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY TRANSMISSION                                                            | FirstEnergy Transmission LLC                                                     | CUSIP: 33767BAD1<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |    418000 | PA      | $405564.50    | 0.02%             | 2028-09-15      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                                                       | FirstCash Inc                                                                    | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    320000 | PA      | $332832.00    | 0.01%             | 2032-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| firstkey homes 2020-sfr1 trust                                                      | FirstKey Homes 2021-SFR1 Trust                                                   | CUSIP: 33767WAN3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $3955326.80   | 0.15%             | 2038-08-17      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| firstkey homes 2020-sfr1 trust                                                      | FirstKey Homes 2021-SFR1 Trust                                                   | CUSIP: 33767WAS2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3393000 | PA      | $3355921.64   | 0.13%             | 2038-08-17      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| FirstKey Homes 2021-SFR3 Trust                                                      | FirstKey Homes 2021-SFR3 Trust                                                   | CUSIP: 33768JAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    944000 | PA      | $926199.65    | 0.04%             | 2038-12-17      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| firstkey homes 2020-sfr1 trust                                                      | FirstKey Homes 2022-SFR1 Trust                                                   | CUSIP: 33768NAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1600000 | PA      | $1597307.68   | 0.06%             | 2039-05-19      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                                          | Fiserv Inc                                                                       | CUSIP: 337738BH0<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    675000 | PA      | $694251.00    | 0.03%             | 2033-08-21      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                                          | Fiserv Inc                                                                       | CUSIP: 337738BL1<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |   1505000 | PA      | $1522623.55   | 0.06%             | 2034-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                                          | Fiserv Inc                                                                       | CUSIP: 337738BP2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    675000 | PA      | $671024.25    | 0.03%             | 2031-02-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                                          | Fiserv Inc                                                                       | CUSIP: 337738BQ0<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |   2370000 | PA      | $2354571.30   | 0.09%             | 2035-08-11      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| 522 Funding CLO Ltd                                                                 | 522 Funding CLO 2020-6 Ltd                                                       | CUSIP: 33835ABE8<br>LEI: 549300HKB0UTKU91DG08 | Long             | ABS-CBDO         | CORP              | KY        |   1100000 | PA      | $1101359.60   | 0.04%             | 2034-10-23      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Corpay Technologies Operating Company LLC                                           | Corpay Technologies Operating Company LLC 2025 Term Loan B                       | CUSIP: 33903RBA6<br>LEI: 549300FKKKZCXLK48427 | Long             | LON              | CORP              | US        |   1000000 | PA      | $999645.00    | 0.04%             | 2032-11-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Flexential Issuer, LLC                                                              | Flexential Issuer 2021-1                                                         | CUSIP: 33938MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1860571 | PA      | $1838374.25   | 0.07%             | 2051-11-27      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Flexential Issuer, LLC                                                              | Flexential Issuer 2021-1                                                         | CUSIP: 33938MAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2961375.30   | 0.11%             | 2051-11-27      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| Flexential Issuer, LLC                                                              | Flexential Issuer 2021-1                                                         | CUSIP: 33938MAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6000000 | PA      | $5963159.40   | 0.23%             | 2051-11-27      | Fixed         | 6.93%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                                            | Florida Power & Light Co                                                         | CUSIP: 341081GY7<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2030240.00   | 0.08%             | 2055-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Fontainebleau Miami Beach Trust                                                     | Fontainebleau Miami Beach Mortgage Trust 2024-FBLU                               | CUSIP: 34461WAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $5044615.00   | 0.19%             | 2039-12-15      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| Fontainebleau Miami Beach Trust                                                     | Fontainebleau Miami Beach Mortgage Trust 2024-FBLU                               | CUSIP: 34461WAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3887000 | PA      | $3925660.49   | 0.15%             | 2039-12-15      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                                                               | Foundry JV Holdco LLC                                                            | CUSIP: 350930AF0<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    185000 | PA      | $191793.20    | 0.01%             | 2031-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Four Seasons Hotels Limited                                                         | Four Seasons Hotels Limited 2025 Term Loan B                                     | CUSIP: 000000000<br>LEI: 5493009FUVX8LHYY2202 | Long             | LON              | CORP              | CA        |    905517 | PA      | $912177.49    | 0.04%             | 2032-09-22      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                                 | Freddie Mac STACR REMIC Trust 2021-HQA3                                          | CUSIP: 35564KKL2<br>LEI: 5493000ISHRHX47NOH65 | Long             | ABS-MBS          | USGSE             | US        |   3220789 | PA      | $3314433.12   | 0.13%             | 2041-09-25      | Floating      | 9.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                                 | Freddie Mac STACR REMIC Trust 2021-DNA6                                          | CUSIP: 35564KLV9<br>LEI: 5493000ISONLNOUKGB71 | Long             | ABS-MBS          | USGSE             | US        |   7130000 | PA      | $7434224.27   | 0.29%             | 2041-10-25      | Floating      | 11.20%                | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                                 | Freddie Mac STACR REMIC Trust 2021-DNA7                                          | CUSIP: 35564KNE5<br>LEI: 5493000ISOMSKCX2AW62 | Long             | ABS-MBS          | USGSE             | US        |   6125000 | PA      | $6432506.85   | 0.25%             | 2041-11-25      | Floating      | 11.50%                | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                                 | Freddie Mac STACR REMIC Trust 2022-DNA1                                          | CUSIP: 35564KQC6<br>LEI: 5493000ISBDRXIMCHZ70 | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $1012357.50   | 0.04%             | 2042-01-25      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                                             | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAE0<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |   1351000 | PA      | $1414186.27   | 0.05%             | 2031-03-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| GCAT                                                                                | GCAT 2021-NQM6 Trust                                                             | CUSIP: 36167KAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1134946 | PA      | $1047450.88   | 0.04%             | 2066-08-25      | Variable      | 1.86%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                                               | GFL Environmental Inc                                                            | CUSIP: 36168QAL8<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |   1819000 | PA      | $1790769.12   | 0.07%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                                                    | GGAM Finance Ltd                                                                 | CUSIP: 36170JAA4<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    892000 | PA      | $939686.32    | 0.04%             | 2028-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                                                    | GGAM Finance Ltd                                                                 | CUSIP: 36170JAC0<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    115000 | PA      | $116875.65    | 0.00%             | 2027-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GCAT                                                                                | GCAT 2025-NQM1 Trust                                                             | CUSIP: 36171GAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4036000 | PA      | $4095946.71   | 0.16%             | 2069-11-25      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| GUGGENHEIM PARTNERS LLC                                                             | Guggenheim Partners LLC 2024 Term Loan B                                         | CUSIP: 36173YAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1015586 | PA      | $1018125.27   | 0.04%             | 2031-11-26      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179X5H5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6676992 | PA      | $6805422.90   | 0.26%             | 2053-06-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179XHX7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  13651650 | PA      | $13036791.37  | 0.50%             | 2052-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179XLG9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1579354 | PA      | $1556181.77   | 0.06%             | 2052-11-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36179YRH9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  10093574 | PA      | $10278931.02  | 0.39%             | 2054-02-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 36180AB85<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5739346 | PA      | $5611003.73   | 0.22%             | 2054-10-20      | Fixed         | 4.50%                 | 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              |  | US        |     10000 | PA      | $10253.90     | 0.00%             | 2028-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                                                             | GLP Capital LP / GLP Financing II Inc                                            | CUSIP: 361841AL3<br>LEI: N/A                  | Long             | DBT              |  | US        |   2500000 | PA      | $2549625.00   | 0.10%             | 2029-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                                                             | GLP Capital LP / GLP Financing II Inc                                            | CUSIP: 361841AQ2<br>LEI: N/A                  | Long             | DBT              |  | US        |     73000 | PA      | $69898.23     | 0.00%             | 2031-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                               | CUSIP: 3618N5A25<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3769195 | PA      | $3684324.66   | 0.14%             | 2054-11-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                                        | GS Mortgage Securities Trust 2011-GC5                                            | CUSIP: 36191YAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    239803 | PA      | $170.14       | 0.00%             | 2044-08-10      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| GSAA Home Equity Trust                                                              | GSAA Trust                                                                       | CUSIP: 3622EAAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    166316 | PA      | $7268.25      | 0.00%             | 2047-03-25      | Floating      | 3.99%                 | No            |                  2 | On Loan: No      |
| GSAA Home Equity Trust                                                              | GSAA Home Equity Trust 2007-5                                                    | CUSIP: 3622ECAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    706153 | PA      | $307608.70    | 0.01%             | 2047-04-25      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| GSAA Home Equity Trust                                                              | GSAA Home Equity Trust 2007-5                                                    | CUSIP: 3622ECAH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4300000 | PA      | $284189.58    | 0.01%             | 2037-05-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| GSAA Home Equity Trust                                                              | GSAA Home Equity Trust 2007-5                                                    | CUSIP: 3622ECAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1987261 | PA      | $131644.52    | 0.01%             | 2037-05-25      | Variable      | 6.44%                 | No            |                  2 | On Loan: No      |
| GSAA Home Equity Trust                                                              | GSAA Trust                                                                       | CUSIP: 362334NC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2641021 | PA      | $915108.41    | 0.04%             | 2046-03-25      | Variable      | 6.72%                 | No            |                  2 | On Loan: No      |
| GSR Mortgage Loan Trust                                                             | GSR Mortgage Loan Trust 2005-AR6                                                 | CUSIP: 362341RX9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2215 | PA      | $2126.43      | 0.00%             | 2035-09-25      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| Great Wolf Trust                                                                    | GWT 2024-WLF2                                                                    | CUSIP: 362414AC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    522000 | PA      | $524739.82    | 0.02%             | 2041-05-15      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                                        | GS Mortgage Securities Trust 2015-GC34                                           | CUSIP: 36250VAF9<br>LEI: 54930070360RBP384M53 | Long             | ABS-MBS          | CORP              | US        |    461028 | PA      | $250.57       | 0.00%             | 2048-10-10      | Variable      | 0.84%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                                        | GS Mortgage Securities Trust 2016-GS4                                            | CUSIP: 36251XAT4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13149029 | PA      | $16140.43     | 0.00%             | 2049-11-10      | Variable      | 0.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                                        | GS Mortgage Securities Trust 2016-GS2                                            | CUSIP: 36252TAT2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    143969 | PA      | $6.03         | 0.00%             | 2049-05-10      | Variable      | 1.64%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                                        | GS Mortgage Securities Corp Trust 2017-375H                                      | CUSIP: 36254JAG0<br>LEI: 5493001UQE7OCP3UT106 | Long             | ABS-MBS          | CORP              | US        |   2920000 | PA      | $2823368.44   | 0.11%             | 2037-09-10      | Variable      | 3.48%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                                        | GS Mortgage Securities Corp Trust 2024-UPTN                                      | CUSIP: 36256SAJ2<br>LEI: 5493001UQE7OCP3UT106 | Long             | ABS-MBS          | CORP              | US        |   1450000 | PA      | $1422054.35   | 0.05%             | 2029-10-15      | Floating      | 9.38%                 | No            |                  2 | On Loan: No      |
| GFL Environmental Inc                                                               | GFL Environmental Inc 2025 Term Loan B                                           | CUSIP: 36257SAB8<br>LEI: 254900PGDQWC19PRP053 | Long             | LON              | CORP              | US        |    498750 | PA      | $499582.91    | 0.02%             | 2032-03-03      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| GCAT                                                                                | GCAT 2025-NQM4 Trust                                                             | CUSIP: 367923AG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3356000 | PA      | $3416692.59   | 0.13%             | 2070-06-25      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                                                                 | General Electric Co                                                              | CUSIP: 36962GW75<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |     57000 | PA      | $57054.15     | 0.00%             | 2026-05-05      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                                                                 | General Electric Co                                                              | CUSIP: 36962GX74<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |     52000 | PA      | $49293.92     | 0.00%             | 2036-08-15      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| GENMAB A/S/GENMAB FIN                                                               | GENMAB A/S/GENMAB FINANCE LLC                                                    | CUSIP: 37230JAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | DK        |    462000 | PA      | $474386.22    | 0.02%             | 2032-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GENMAB AS                                                                           | Genmab AS Term Loan B                                                            | CUSIP: 37231EAB8<br>LEI: 529900MTJPDPE4MHJ122 | Long             | LON              | CORP              | DK        |   1000000 | PA      | $1004910.00   | 0.04%             | 2032-12-13      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| GETTY IMAGES INC                                                                    | Getty Images Inc                                                                 | CUSIP: 374276AR4<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |   2490000 | PA      | $2523042.30   | 0.10%             | 2030-11-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                                                                 | Global Payments Inc                                                              | CUSIP: 37940XAV4<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   4215000 | PA      | $4233925.35   | 0.16%             | 2028-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                                                             | Global Partners LP / GLP Finance Corp                                            | CUSIP: 37954FAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    430000 | PA      | $435968.40    | 0.02%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                                                             | Global Partners LP / GLP Finance Corp                                            | CUSIP: 37954FAK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425000 | PA      | $448273.00    | 0.02%             | 2032-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Gloves Buyer Inc                                                                    | Gloves Buyer Inc 2025 Term Loan                                                  | CUSIP: 37987UAG7<br>LEI: 54930015O0Y94T5H8Z18 | Long             | LON              | CORP              | US        |   1022450 | PA      | $1018830.18   | 0.04%             | 2032-05-21      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                                                          | GLS Auto Receivables Issuer Trust 2023-2                                         | CUSIP: 379928AJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1110000 | PA      | $1136950.69   | 0.04%             | 2029-03-15      | Fixed         | 6.31%                 | No            |                  2 | On Loan: No      |
| Go Daddy Operating Company LLC                                                      | Go Daddy Operating Company LLC 2024 Term Loan B8                                 | CUSIP: 38017BAX4<br>LEI: 5493005GJOH8HLL11157 | Long             | LON              | CORP              | US        |    544962 | PA      | $542681.55    | 0.02%             | 2029-11-09      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| GOGO Intermediate Holdings LLC                                                      | GOGO Intermediate Holdings LLC Term Loan B                                       | CUSIP: 38046JAB0<br>LEI: 2549003PQSV921SNHM89 | Long             | LON              | CORP              | US        |   1275273 | PA      | $1137224.93   | 0.04%             | 2028-04-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US CLO1, LTD                                             | Goldentree Loan Management US Clo 15 Ltd                                         | CUSIP: 38139BBJ7<br>LEI: 549300JGUKVX0EDNOJ93 | Long             | ABS-CBDO         | CORP              | JE        |   2500000 | PA      | $2522645.00   | 0.10%             | 2038-10-20      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US CLO1, LTD                                             | GoldenTree Loan Management US CLO 22 Ltd                                         | CUSIP: 38139HAC0<br>LEI: 254900AWFHWNFOUM2K51 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $993628.00    | 0.04%             | 2037-10-20      | Floating      | 11.59%                | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                             | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GWV2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2075000 | PA      | $2062882.00   | 0.08%             | 2029-04-23      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                             | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GYG3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4925.75      | 0.00%             | 2027-09-10      | Floating      | 1.54%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                             | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GYJ7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $894740.00    | 0.03%             | 2032-07-21      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                             | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GYM0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    325000 | PA      | $320186.75    | 0.01%             | 2027-10-21      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS BANK USA                                                              | Goldman Sachs Bank USA/New York NY                                               | CUSIP: 38151LAF7<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2003020.00   | 0.08%             | 2027-03-18      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                         | CUSIP: 38374EP35<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    150027 | PA      | $11456.88     | 0.00%             | 2033-10-20      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                         | CUSIP: 38376G3S7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1030405 | PA      | $900.16       | 0.00%             | 2051-08-16      | Variable      | 0.11%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                         | CUSIP: 38376GBQ2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    683972 | PA      | $6953.74      | 0.00%             | 2051-09-16      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                         | CUSIP: 38378B7K9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    283190 | PA      | $515.32       | 0.00%             | 2054-04-16      | Variable      | 0.15%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                         | CUSIP: 38378BQ77<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1332774 | PA      | $21707.29     | 0.00%             | 2051-12-16      | Variable      | 0.61%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                         | CUSIP: 38378BT58<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    205463 | PA      | $2798.35      | 0.00%             | 2053-01-16      | Variable      | 0.36%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                         | CUSIP: 38378XMU2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4263863 | PA      | $130573.55    | 0.01%             | 2055-02-16      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                         | CUSIP: 38380Y2X2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     20093 | PA      | $18680.72     | 0.00%             | 2048-09-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                         | CUSIP: 38381AYA8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      1912 | PA      | $1835.75      | 0.00%             | 2048-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                         | CUSIP: 38381UCQ3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  11352189 | PA      | $998214.09    | 0.04%             | 2055-08-20      | Floating      | 2.29%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                         | CUSIP: 38384WFA8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  12510152 | PA      | $706972.84    | 0.03%             | 2054-09-20      | Floating      | 1.74%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                         | CUSIP: 38384YEE7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  10731538 | PA      | $774883.36    | 0.03%             | 2054-10-20      | Floating      | 1.80%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                         | CUSIP: 38385DRG3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2117152 | PA      | $2134215.38   | 0.08%             | 2055-02-20      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                         | CUSIP: 38385EFG4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  13541960 | PA      | $673480.14    | 0.03%             | 2055-03-20      | Floating      | 1.64%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                         | CUSIP: 38385ENN0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  11361003 | PA      | $704975.46    | 0.03%             | 2055-03-20      | Floating      | 1.64%                 | No            |                  2 | On Loan: No      |
| GRAND CANYON UNIVERSITY                                                             | Grand Canyon University                                                          | CUSIP: 38528UAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1002360.00   | 0.04%             | 2028-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                                                            | Graphic Packaging International LLC                                              | CUSIP: 38869AAE7<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |   1285000 | PA      | $1300214.40   | 0.05%             | 2032-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GREAT CAN GAMING/RAPTOR                                                             | Great Canadian Gaming Corp/Raptor LLC                                            | CUSIP: 389925AA6<br>LEI: 549300FU60SSFLTE0M84 | Long             | DBT              | CORP              | XX        |   1074000 | PA      | $1092322.44   | 0.04%             | 2029-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Great Wolf Trust                                                                    | Great Wolf Trust 2024-WOLF                                                       | CUSIP: 39152MAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3225000 | PA      | $3251619.80   | 0.12%             | 2039-03-15      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| Great Wolf Trust                                                                    | Great Wolf Trust 2024-WOLF                                                       | CUSIP: 39152MAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2610000 | PA      | $2634380.79   | 0.10%             | 2039-03-15      | Floating      | 8.12%                 | No            |                  2 | On Loan: No      |
| Genesys Cloud Services Holdings II LLC                                              | Genesys Cloud Services Holdings II LLC 2025 USD Term Loan B                      | CUSIP: 39479UAY9<br>LEI: 254900CRMBG6WX4HX396 | Long             | LON              | CORP              | US        |   1228136 | PA      | $1203960.25   | 0.05%             | 2032-01-30      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Intrado Corporation                                                                 | Intrado Corporation 2023 Term Loan B                                             | CUSIP: 40147EAB5<br>LEI: 254900OSYC6XQ21DY128 | Long             | LON              | CORP              | US        |    346465 | PA      | $346610.16    | 0.01%             | 2030-01-31      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Home Owner Mortgage Enhanced Securuties Limited                                     | HOMES 2025-NQM4 Trust                                                            | CUSIP: 403958AG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2405500 | PA      | $2436483.32   | 0.09%             | 2070-08-25      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| HOA ROYALTYCO LLC                                                                   | HOA RoyaltyCo LLC                                                                | CUSIP: 403962AB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    793589 | PA      | $158727.88    | 0.01%             | 2055-11-22      | Fixed         | 4.72%                 | No            |                  3 | On Loan: No      |
| ESC GABS144A HOA FDG L                                                              | ESC GABS144A HOA FDG L                                                           | CUSIP: 403ESCAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    814277 | PA      | $0.08         | 0.00%             | 2051-08-20      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| HAVN Trust                                                                          | HAVN Trust 2025-MOB                                                              | CUSIP: 40408XAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3315000 | PA      | $3319091.04   | 0.13%             | 2035-10-15      | Floating      | 7.46%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                             | HCA Inc                                                                          | CUSIP: 404119CC1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1791820.00   | 0.07%             | 2031-07-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                             | HCA Inc                                                                          | CUSIP: 404121AH8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1260000 | PA      | $1261915.20   | 0.05%             | 2026-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                             | HCA Inc                                                                          | CUSIP: 404121AJ4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   3275000 | PA      | $3375739.00   | 0.13%             | 2028-09-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| HDI Aerospace Intermediate Holding III Corporation                                  | HDI Aerospace Intermediate Holding III Corporation Term Loan B                   | CUSIP: 40415WAB0<br>LEI: 254900LKRYAGKIYOHW04 | Long             | LON              | CORP              | US        |    813850 | PA      | $819445.22    | 0.03%             | 2032-02-11      | Floating      | 7.40%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                                   | HSBC Holdings PLC                                                                | CUSIP: 404280CK3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |     60000 | PA      | $54711.00     | 0.00%             | 2031-08-18      | Fixed         | 2.36%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                                   | HSBC Holdings PLC                                                                | CUSIP: 404280DF3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |     45000 | PA      | $45410.85     | 0.00%             | 2028-06-09      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| HSI Asset Loan Obligation                                                           | HSI Asset Loan Obligation Trust 2007-WF1                                         | CUSIP: 40431KAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    236819 | PA      | $72734.13     | 0.00%             | 2036-12-25      | Variable      | 6.72%                 | No            |                  2 | On Loan: No      |
| Home Owner Mortgage Enhanced Securuties Limited                                     | HOMES 2025-NQM3 Trust                                                            | CUSIP: 40446GAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2794000 | PA      | $2856178.23   | 0.11%             | 2070-02-25      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| HarborView Mortgage Loan Trust                                                      | HarborView Mortgage Loan Trust 2006-4                                            | CUSIP: 41161PL27<br>LEI: 549300SZXFEQICAU3R39 | Long             | ABS-MBS          | CORP              | US        |   2342098 | PA      | $1174123.00   | 0.05%             | 2046-05-19      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| HarborView Mortgage Loan Trust                                                      | HarborView Mortgage Loan Trust 2005-9                                            | CUSIP: 41161PSK0<br>LEI: 549300SZXFEQICAU3R39 | Long             | ABS-MBS          | CORP              | US        |     11280 | PA      | $10649.38     | 0.00%             | 2035-06-20      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| Harriman Park CLO                                                                   | Harriman Park CLO LTD                                                            | CUSIP: 413718AL1<br>LEI: 549300BI9STOGTECXV18 | Long             | ABS-CBDO         | CORP              | KY        |   1950000 | PA      | $1925279.85   | 0.07%             | 2038-07-20      | Floating      | 9.67%                 | No            |                  2 | On Loan: No      |
| HEALTHCARE RLTY HLDGS LP                                                            | Healthcare Realty Holdings LP                                                    | CUSIP: 42225UAG9<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              |  | US        |     35000 | PA      | $33218.50     | 0.00%             | 2030-02-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| HEALTHCARE RLTY HLDGS LP                                                            | Healthcare Realty Holdings LP                                                    | CUSIP: 42225UAK0<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              |  | US        |    150000 | PA      | $148516.50    | 0.01%             | 2028-01-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Heartland Dental LLC                                                                | Heartland Dental LLC 2025 Term Loan                                              | CUSIP: 42236WAX5<br>LEI: 5493008FRC0GRKBN1075 | Long             | LON              | CORP              | US        |   1389769 | PA      | $1391798.04   | 0.05%             | 2032-08-25      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| HRT DNT / HRT DNT FIN                                                               | Heartland Dental LLC / Heartland Dental Finance Corp                             | CUSIP: 42239PAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     11000 | PA      | $11471.90     | 0.00%             | 2028-04-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| HEALTHPEAK PROPERTIES INC                                                           | Healthpeak Properties Inc Term Loan A1                                           | CUSIP: 42250UAD4<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | LON              |  | US        |    110979 | PA      | $110146.49    | 0.00%             | 2027-08-20      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| HEALTHPEAK PROPERTIES INC                                                           | Healthpeak Properties Inc Term Loan A2                                           | CUSIP: 42250UAE2<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | LON              |  | US        |    110979 | PA      | $110146.49    | 0.00%             | 2027-02-22      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| HEALTHPEAK PROPERTIES INC                                                           | Healthpeak Properties Inc 2024 Term Loan A3                                      | CUSIP: 42250UAF9<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | LON              |  | US        |    223979 | PA      | $221179.48    | 0.01%             | 2029-03-01      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                                   | Herc Holdings Inc                                                                | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    486000 | PA      | $514683.72    | 0.02%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                                                         | Hertz Vehicle Financing III LP                                                   | CUSIP: 42806MAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    950000 | PA      | $934444.51    | 0.04%             | 2027-12-27      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                                                         | Hertz Vehicle Financing III LP                                                   | CUSIP: 42806MAH2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11990000 | PA      | $11858480.49  | 0.46%             | 2027-12-27      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                                                         | Hertz Vehicle Financing III LLC                                                  | CUSIP: 42806MCW7<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4116948.00   | 0.16%             | 2029-09-25      | Fixed         | 7.98%                 | No            |                  2 | On Loan: No      |
| Hilton USA Trust                                                                    | Hilton USA Trust                                                                 | CUSIP: 432826AJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1010000 | PA      | $1023283.32   | 0.04%             | 2042-07-15      | Floating      | 8.95%                 | No            |                  2 | On Loan: No      |
| Hilton USA Trust                                                                    | Hilton USA Trust                                                                 | CUSIP: 432826AL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1075000 | PA      | $1086069.06   | 0.04%             | 2042-07-15      | Floating      | 10.60%                | No            |                  2 | On Loan: No      |
| Hilton Domestic Operating Company Inc                                               | Hilton Domestic Operating Company Inc 2023 Term Loan B4                          | CUSIP: 43289DAK9<br>LEI: 5493003EG7H0N1E4XV50 | Long             | LON              | CORP              | US        |    924611 | PA      | $930390.02    | 0.04%             | 2030-11-08      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Hilton USA Trust                                                                    | Hilton USA Trust 2016-HHV                                                        | CUSIP: 43300LAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1835000 | PA      | $1803220.74   | 0.07%             | 2038-11-05      | Variable      | 4.19%                 | No            |                  2 | On Loan: No      |
| Home Owner Mortgage Enhanced Securuties Limited                                     | Homes 2024-Nqm2 Trust                                                            | CUSIP: 43761CAH5<br>LEI: 254900MQRASV1D1NGZ28 | Long             | ABS-MBS          | CORP              | US        |   5461000 | PA      | $5584111.15   | 0.21%             | 2069-10-25      | Variable      | 7.70%                 | No            |                  2 | On Loan: No      |
| Home Owner Mortgage Enhanced Securuties Limited                                     | HOMES 2025-NQM1 Trust                                                            | CUSIP: 43761DAF7<br>LEI: 254900LUV7YA0N50XT86 | Long             | ABS-MBS          | CORP              | US        |   3542000 | PA      | $3604219.13   | 0.14%             | 2070-01-25      | Variable      | 6.52%                 | No            |                  2 | On Loan: No      |
| Home Owner Mortgage Enhanced Securuties Limited                                     | HOMES 2023-NQM1 Trust                                                            | CUSIP: 43761JAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2900000 | PA      | $2892421.72   | 0.11%             | 2068-01-25      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| Homeward Opportunities Fund I Trust                                                 | Homeward Opportunities Fund Trust 2024-RRTL2                                     | CUSIP: 43789GAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3800000 | PA      | $3809083.52   | 0.15%             | 2039-09-25      | Variable      | 6.37%                 | No            |                  2 | On Loan: No      |
| Homeward Opportunities Fund I Trust                                                 | Homeward Opportunities Fund Trust 2025-RRTL1                                     | CUSIP: 437919AE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2645000 | PA      | $2676412.55   | 0.10%             | 2040-03-25      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| Homeward Opportunities Fund I Trust                                                 | Homeward Opportunities Fund Trust 2025-RRTL2                                     | CUSIP: 437923AD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4130000 | PA      | $4155150.87   | 0.16%             | 2040-09-25      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP                                                            | Host Hotels & Resorts LP                                                         | CUSIP: 44107TBD7<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              |  | US        |   1475000 | PA      | $1539914.75   | 0.06%             | 2032-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Hotwire Funding LLC                                                                 | Hotwire Funding LLC                                                              | CUSIP: 44148JAC3<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2982014.10   | 0.11%             | 2051-11-20      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| Hotwire Funding LLC                                                                 | Hotwire Funding LLC                                                              | CUSIP: 44148JAM1<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |   2250000 | PA      | $2331667.13   | 0.09%             | 2054-06-20      | Fixed         | 9.19%                 | No            |                  2 | On Loan: No      |
| Highbridge Loan Management Ltd                                                      | HPS Loan Management 2024-19 Ltd                                                  | CUSIP: 442924AN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003065.00   | 0.04%             | 2037-04-15      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                                               | HUB International Ltd                                                            | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    417000 | PA      | $435823.38    | 0.02%             | 2030-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIE                                                            | Hudson Pacific Properties LP                                                     | CUSIP: 44409MAA4<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              |  | US        |   2226000 | PA      | $2138629.50   | 0.08%             | 2027-11-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIE                                                            | Hudson Pacific Properties LP                                                     | CUSIP: 44409MAC0<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              |  | US        |    422000 | PA      | $358421.48    | 0.01%             | 2030-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| HUDSON PACIFIC PROPERTIE                                                            | Hudson Pacific Properties LP                                                     | CUSIP: 44409MAD8<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              |  | US        |    638000 | PA      | $629246.64    | 0.02%             | 2028-02-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                                                        | Hudson Yards 2019-30HY Mortgage Trust                                            | CUSIP: 44421GAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $748211.20    | 0.03%             | 2039-07-10      | Variable      | 3.44%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                                                        | Hudson Yards 2019-55HY Mortgage Trust                                            | CUSIP: 44421MAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $3638178.40   | 0.14%             | 2041-12-10      | Variable      | 2.94%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                                                          | Humana Inc                                                                       | CUSIP: 444859CD2<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    570000 | PA      | $571749.90    | 0.02%             | 2035-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                                                             | Hungary Government International Bond                                            | CUSIP: 445545AU0<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    546000 | PA      | $542325.42    | 0.02%             | 2036-03-26      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank                                                        | Huntington Bank Auto Credit-Linked Notes Series 2025-1                           | CUSIP: 446438TA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    873519 | PA      | $880352.37    | 0.03%             | 2033-03-21      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank                                                        | Huntington Bank Auto Credit-Linked Notes Series 2025-2                           | CUSIP: 44644NAQ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1322673 | PA      | $1326029.49   | 0.05%             | 2033-09-20      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank                                                        | Huntington Bank Auto Credit-Linked Notes Series 2025-2                           | CUSIP: 44644NAR0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1706674 | PA      | $1715524.39   | 0.07%             | 2033-09-20      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank                                                        | Huntington Bank Auto Credit-Linked Notes Series 2025-2                           | CUSIP: 44644NAS8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1341618 | PA      | $1351028.90   | 0.05%             | 2033-09-20      | Floating      | 10.30%                | No            |                  2 | On Loan: No      |
| Hudson Yards                                                                        | Hudson Yards 2025-SPRL Mortgage Trust                                            | CUSIP: 44855PAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1040820.10   | 0.04%             | 2040-01-13      | Variable      | 6.68%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                                                        | Hudson Yards 2025-SPRL Mortgage Trust                                            | CUSIP: 44855PAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1550000 | PA      | $1575678.54   | 0.06%             | 2040-01-13      | Variable      | 7.40%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP                                                                   | Hyatt Hotels Corp                                                                | CUSIP: 448579AU6<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |   3405000 | PA      | $3470444.10   | 0.13%             | 2028-03-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ICG US CLO Ltd                                                                      | ICG US CLO 2022-1i Ltd                                                           | CUSIP: 44933EAY5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2800000 | PA      | $2835260.40   | 0.11%             | 2038-10-20      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| IQVIA Inc                                                                           | IQVIA Inc 2025 Incremental Term Loan B5                                          | CUSIP: 44969CBP4<br>LEI: 549300PLWY28YB00C717 | Long             | LON              | CORP              | US        |    123571 | PA      | $124188.55    | 0.00%             | 2031-01-02      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| IRV Trust                                                                           | IRV Trust 2025-200P                                                              | CUSIP: 45006HAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1370000 | PA      | $1399828.60   | 0.05%             | 2047-03-14      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| ITT Holdings LLC                                                                    | ITT Holdings LLC 2025 Repriced Term Loan B                                       | CUSIP: 45070BAK1<br>LEI: 549300TH2PHOLK31LB42 | Long             | LON              | CORP              | US        |    997494 | PA      | $998431.37    | 0.04%             | 2030-10-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ITT HOLDINGS LLC                                                                    | ITT Holdings LLC                                                                 | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |   1963000 | PA      | $1893686.47   | 0.07%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                                               | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    370000 | PA      | $372530.80    | 0.01%             | 2029-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                                               | Icahn Enterprises LP / Icahn Enterprises Finance Corp                            | CUSIP: 451102CK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2957000 | PA      | $2984795.80   | 0.11%             | 2029-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Coherent Corp                                                                       | Coherent Corp 2025 Term Loan B2                                                  | CUSIP: 45173JAT1<br>LEI: 549300O5C25A0MMHHU33 | Long             | LON              | CORP              | US        |    241897 | PA      | $243106.18    | 0.01%             | 2029-07-02      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Commercial Mortgage Pass-through Certificates                                       | ILPT Commercial Mortgage Trust 2025-LPF2                                         | CUSIP: 451955AJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2235000 | PA      | $2322554.78   | 0.09%             | 2042-07-13      | Variable      | 8.20%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                                                             | Imperial Brands Finance PLC                                                      | CUSIP: 45262BAF0<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    195000 | PA      | $200545.80    | 0.01%             | 2027-07-27      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                                                             | Imperial Brands Finance PLC                                                      | CUSIP: 45262BAJ2<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |   2955000 | PA      | $2981949.60   | 0.11%             | 2028-06-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC                                                                        | MH Sub I LLC 2023 Term Loan                                                      | CUSIP: 45567YAN5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |    801207 | PA      | $729671.18    | 0.03%             | 2028-05-03      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC                                                                        | MH Sub I LLC 2024 Term Loan B4                                                   | CUSIP: 45567YAP0<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |    658568 | PA      | $541438.09    | 0.02%             | 2031-12-31      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| IndyMac INDX Mortgage Loan Trust                                                    | IndyMac INDX Mortgage Loan Trust 2006-AR3                                        | CUSIP: 45660L5S4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     64682 | PA      | $43719.71     | 0.00%             | 2036-03-25      | Variable      | 3.66%                 | No            |                  2 | On Loan: No      |
| Residential Asset Securitization Trust                                              | Residential Asset Securitization Trust 2005-A8CB                                 | CUSIP: 45660LSX8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    215792 | PA      | $109737.93    | 0.00%             | 2035-07-25      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Residential Asset Securitization Trust                                              | Residential Asset Securitization Trust 2003-A15                                  | CUSIP: 45660NWU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    282625 | PA      | $34419.86     | 0.00%             | 2034-02-25      | Floating      | 3.76%                 | No            |                  2 | On Loan: No      |
| Nielsen Consumer Inc                                                                | Nielsen Consumer Inc 2025 USD 1st Lien Term Loan                                 | CUSIP: 45674PAS3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    995003 | PA      | $988784.33    | 0.04%             | 2030-10-31      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| INSTALLED BUILDING PRODU                                                            | Installed Building Products Inc                                                  | CUSIP: 45780RAB7<br>LEI: 549300I95Y9P9YM5FI86 | Long             | DBT              | CORP              | US        |    540000 | PA      | $544168.80    | 0.02%             | 2034-02-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                                          | Intel Corp                                                                       | CUSIP: 458140BG4<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1443080.00   | 0.06%             | 2047-12-08      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                                          | Intel Corp                                                                       | CUSIP: 458140BJ8<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    520000 | PA      | $338416.00    | 0.01%             | 2049-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                                          | Intel Corp                                                                       | CUSIP: 458140BU3<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    560000 | PA      | $492408.00    | 0.02%             | 2031-08-12      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| INTL FLAVOR & FRAGRANCES                                                            | International Flavors & Fragrances Inc                                           | CUSIP: 459506AP6<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |    405000 | PA      | $389776.05    | 0.01%             | 2027-10-15      | Fixed         | 1.83%                 | No            |                  2 | On Loan: No      |
| INTL FLAVOR & FRAGRANCES                                                            | International Flavors & Fragrances Inc                                           | CUSIP: 459506AQ4<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |    505000 | PA      | $456767.45    | 0.02%             | 2030-11-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| INTL FLAVOR & FRAGRANCES                                                            | International Flavors & Fragrances Inc                                           | CUSIP: 459506AR2<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |     55000 | PA      | $42431.40     | 0.00%             | 2040-11-15      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| Invesco CLO LTD                                                                     | Invesco CLO 2021-2 Ltd                                                           | CUSIP: 46091AAB6<br>LEI: 54930008KRIBK4JIR608 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $1043975.00   | 0.04%             | 2034-07-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Invesco CLO LTD                                                                     | Invesco CLO 2021-2 Ltd                                                           | CUSIP: 46091AAC4<br>LEI: 54930008KRIBK4JIR608 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $0.05         | 0.00%             | 2034-07-15      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| INTERSTATE POWER & LIGHT                                                            | Interstate Power and Light Co                                                    | CUSIP: 461070AU8<br>LEI: EF9UQIIO4KY2BWOK3P26 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1051430.00   | 0.04%             | 2033-10-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Invesco CLO LTD                                                                     | Invesco US CLO 2024-4 Ltd                                                        | CUSIP: 46151DAC5<br>LEI: 2138006HTEY9GGW6XF50 | Long             | ABS-CBDO         | CORP              | KY        |   1400000 | PA      | $0.14         | 0.00%             | 2038-01-15      | Variable      | 0.05%                 | No            |                  3 | On Loan: No      |
| Invesco CLO LTD                                                                     | Invesco US CLO 2024-4 Ltd                                                        | CUSIP: 46151DAE1<br>LEI: 2138006HTEY9GGW6XF50 | Long             | ABS-CBDO         | CORP              | KY        |   1400000 | PA      | $888868.40    | 0.03%             | 2038-01-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Invitation Homes Operating Partnership LP                                           | Invitation Homes Operating Partnership LP 2024 Term Loan                         | CUSIP: 46187CAJ0<br>LEI: 549300147YMUQB3GW319 | Long             | LON              |  | US        |    739444 | PA      | $739444.21    | 0.03%             | 2028-09-09      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US                                                             | ION Platform Finance US Inc                                                      | CUSIP: 46205QAB4<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | US        |    500000 | PA      | $439105.00    | 0.02%             | 2032-09-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ION PLAT FIN US/SARL                                                                | ION Platform Finance US Inc / ION Platform Finance SARL                          | CUSIP: 46206AAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    678000 | PA      | $647015.40    | 0.02%             | 2029-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                                   | Iron Mountain Inc 2022 Term Loan A                                               | CUSIP: 46284NAU3<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | LON              |  | US        |    975000 | PA      | $967687.50    | 0.04%             | 2030-03-18      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                                   | Iron Mountain Inc                                                                | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |   1395000 | PA      | $1411753.95   | 0.05%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Securities Trust                                          | JPMDB Commercial Mortgage Securities Trust 2016-C2                               | CUSIP: 46590LAV4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    164327 | PA      | $75.20        | 0.00%             | 2049-06-15      | Variable      | 1.39%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust Series 2025-NQM2                                        | CUSIP: 46590SAH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3046000 | PA      | $3107584.94   | 0.12%             | 2065-09-25      | Variable      | 7.60%                 | No            |                  2 | On Loan: No      |
| J.G. Wentworth XLII LLC                                                             | JG Wentworth XLII LLC                                                            | CUSIP: 46590UAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    137556 | PA      | $125523.63    | 0.00%             | 2077-10-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| JBS NV/USA FOODS/FOOD CO                                                            | JBS NV/JBS USA Foods Group Holdings Inc/JBS USA Food Co Holdings                 | CUSIP: 46590XAM8<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    385000 | PA      | $365838.55    | 0.01%             | 2031-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| JBS NV/USA FOODS/FOOD CO                                                            | JBS NV/JBS USA Foods Group Holdings Inc/JBS USA Food Co Holdings                 | CUSIP: 46590XAY2<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |   2000000 | PA      | $2086460.00   | 0.08%             | 2033-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust Series 2025-NQM1                                        | CUSIP: 46593QAF5<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |   3190000 | PA      | $3243424.21   | 0.12%             | 2065-06-25      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust Series 2025-NQM1                                        | CUSIP: 46593QAH1<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |   3243000 | PA      | $3320001.14   | 0.13%             | 2065-06-25      | Variable      | 7.39%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING                                                            | JH North America Holdings Inc                                                    | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1984983.00   | 0.08%             | 2031-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| J&J Ventures Gaming, LLC                                                            | J&J Ventures Gaming LLC 2025 Repriced Term Loan B                                | CUSIP: 46604BAH1<br>LEI: 549300BYPH8FLKS5ZS70 | Long             | LON              | CORP              | US        |    995439 | PA      | $985897.81    | 0.04%             | 2030-04-26      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| 321 Henderson Receivables LLC                                                       | JGWPT XXX LLC                                                                    | CUSIP: 46617LAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     29900 | PA      | $28709.28     | 0.00%             | 2073-01-17      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| 321 Henderson Receivables LLC                                                       | JGWPT XXXII LLC                                                                  | CUSIP: 46618AAA2<br>LEI: 549300LO0ZO1XMWP1R84 | Long             | ABS-O            | CORP              | US        |     30157 | PA      | $27576.03     | 0.00%             | 2073-01-17      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| J.G. Wentworth XXXIX LLC                                                            | J.G. Wentworth XXXIX LLC                                                         | CUSIP: 46620VAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    256772 | PA      | $233087.48    | 0.01%             | 2074-09-17      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Alternative Loan Trust                                                  | JP Morgan Alternative Loan Trust 2006-S1                                         | CUSIP: 46627MFV4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    852113 | PA      | $756233.45    | 0.03%             | 2036-03-25      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Acquisition Corp                                                 | JP Morgan Mortgage Acquisition Trust 2006-WF1                                    | CUSIP: 46628SAH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1570169 | PA      | $402623.95    | 0.02%             | 2036-07-25      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Acquisition Corp                                                 | JP Morgan Mortgage Acquisition Trust 2006-CW2                                    | CUSIP: 46629BAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1302702 | PA      | $759989.37    | 0.03%             | 2036-08-25      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Acquisition Corp                                                 | JP Morgan Mortgage Acquisition Trust 2006-CW2                                    | CUSIP: 46629BAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    247554 | PA      | $144370.61    | 0.01%             | 2036-08-25      | Variable      | 6.34%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Acquisition Corp                                                 | JP Morgan Mortgage Acquisition Trust 2006-CH2                                    | CUSIP: 46629QAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    401980 | PA      | $239669.42    | 0.01%             | 2029-09-25      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Acquisition Corp                                                 | JP Morgan Mortgage Acquisition Trust 2007-CH1                                    | CUSIP: 46630LAG9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | ABS-O            | CORP              | US        |       595 | PA      | $592.60       | 0.00%             | 2036-11-25      | Variable      | 4.39%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Acquisition Corp                                                 | JP Morgan Mortgage Acquisition Trust 2007-CH2                                    | CUSIP: 46630MAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    356740 | PA      | $175348.87    | 0.01%             | 2037-01-25      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Acquisition Corp                                                 | JP Morgan Mortgage Acquisition Trust 2007-CH2                                    | CUSIP: 46630MAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    547690 | PA      | $269174.03    | 0.01%             | 2030-10-25      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust 2007-S1                                                 | CUSIP: 46630RAQ4<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |    351628 | PA      | $126766.89    | 0.00%             | 2037-03-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                                       | JP Morgan Chase Commercial Mortgage Securities Trust 2012-CIBX                   | CUSIP: 46637WAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  47947005 | PA      | $88308.79     | 0.00%             | 2045-06-15      | Variable      | 0.50%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust                                          | JPMBB Commercial Mortgage Securities Trust 2015-C30                              | CUSIP: 46644UAJ7<br>LEI: 549300UOGMFS1M8XVM16 | Long             | ABS-MBS          | CORP              | US        |   4710271 | PA      | $7365.45      | 0.00%             | 2048-07-15      | Variable      | 0.25%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust                                          | JPMBB Commercial Mortgage Securities Trust 2015-C30                              | CUSIP: 46644UBC1<br>LEI: 549300UOGMFS1M8XVM16 | Long             | ABS-MBS          | CORP              | US        |   2969665 | PA      | $26.13        | 0.00%             | 2048-07-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust                                          | JPMBB Commercial Mortgage Securities Trust 2015-C31                              | CUSIP: 46644YAX8<br>LEI: 549300UOGMFS1M8XVM16 | Long             | ABS-MBS          | CORP              | US        |    236619 | PA      | $3.90         | 0.00%             | 2048-08-15      | Variable      | 0.55%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                                 | JPMorgan Chase & Co                                                              | CUSIP: 46647PAR7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    255000 | PA      | $254821.50    | 0.01%             | 2029-04-23      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                                 | JPMorgan Chase & Co                                                              | CUSIP: 46647PBR6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4884650.00   | 0.19%             | 2028-06-01      | Fixed         | 2.18%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                                 | JPMorgan Chase & Co                                                              | CUSIP: 46647PBU9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3080000 | PA      | $2738274.00   | 0.11%             | 2031-11-19      | Fixed         | 1.76%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                                 | JPMorgan Chase & Co                                                              | CUSIP: 46647PBW5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    375000 | PA      | $375000.00    | 0.01%             | 2027-02-04      | Floating      | 1.04%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                                 | JPMorgan Chase & Co                                                              | CUSIP: 46647PCB0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    700000 | PA      | $696227.00    | 0.03%             | 2027-04-22      | Floating      | 1.58%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                                 | JPMorgan Chase & Co                                                              | CUSIP: 46647PCC8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    760000 | PA      | $694123.20    | 0.03%             | 2032-04-22      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                                 | JPMorgan Chase & Co                                                              | CUSIP: 46647PCJ3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    120000 | PA      | $114780.00    | 0.00%             | 2029-06-01      | Floating      | 2.07%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                                 | JPMorgan Chase & Co                                                              | CUSIP: 46647PCR5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2770000 | PA      | $2496351.70   | 0.10%             | 2032-11-08      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                                 | JPMorgan Chase & Co                                                              | CUSIP: 46647PDA1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3514560.00   | 0.13%             | 2028-04-26      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                                 | JPMorgan Chase & Co                                                              | CUSIP: 46647PEH5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    415000 | PA      | $439833.60    | 0.02%             | 2035-04-22      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                                       | JPMCC Commercial Mortgage Securities Trust 2017-JP5                              | CUSIP: 46647TAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3672282 | PA      | $23798.59     | 0.00%             | 2050-03-15      | Variable      | 0.78%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                                       | JP Morgan Chase Commercial Mortgage Securities Trust 2020-LOOP                   | CUSIP: 46651WAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2010000 | PA      | $3030.68      | 0.00%             | 2038-12-05      | Variable      | 0.25%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                                       | JP Morgan Chase Commercial Mortgage Securities Trust 2020-NNN                    | CUSIP: 46652BBA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    450000 | PA      | $8512.67      | 0.00%             | 2037-01-16      | Variable      | 1.88%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                                       | JP Morgan Chase Commercial Mortgage Securities Trust 2020-NNN                    | CUSIP: 46652BBC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1450000 | PA      | $8853.05      | 0.00%             | 2037-01-16      | Variable      | 0.57%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust Series 2024-CES1                                        | CUSIP: 46658CAB7<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |    738771 | PA      | $746498.71    | 0.03%             | 2054-06-25      | Variable      | 6.02%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust Series 2024-CES1                                        | CUSIP: 46658CAD3<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |    532852 | PA      | $539727.92    | 0.02%             | 2054-06-25      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust Series 2025-CES1                                        | CUSIP: 46658XAE5<br>LEI: 5299003TKRYXBBT76K08 | Long             | ABS-MBS          | CORP              | US        |   1539000 | PA      | $1568340.73   | 0.06%             | 2055-05-25      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| Jane Street Group LLC                                                               | Jane Street Group LLC 2024 Term Loan B1                                          | CUSIP: 47077DAM2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | LON              | CORP              | US        |   1458547 | PA      | $1449795.36   | 0.06%             | 2031-12-15      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                                             | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $347080.80    | 0.01%             | 2031-04-30      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                                             | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    780000 | PA      | $794976.00    | 0.03%             | 2032-11-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                                             | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $93655.80     | 0.00%             | 2033-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JBS NV/USA FOODS/FOOD CO                                                            | JBS NV/JBS USA Foods Group Holdings Inc/JBS USA Food Co Holdings                 | CUSIP: 47214BAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |   2172000 | PA      | $2395477.08   | 0.09%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JDE PEET'S NV                                                                       | JDE Peet's NV                                                                    | CUSIP: 47216QAC7<br>LEI: 724500EHG519SE5ZRT89 | Long             | DBT              | CORP              | NL        |    750000 | PA      | $653775.00    | 0.03%             | 2031-09-24      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| JETBLUE 2019-1 CLASS AA                                                             | JetBlue 2019-1 Class AA Pass Through Trust                                       | CUSIP: 477143AH4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2209062 | PA      | $1975498.19   | 0.08%             | 2032-05-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS CORP                                                                | JetBlue 2020-1 Class A Pass Through Trust                                        | CUSIP: 477164AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50461 | PA      | $48192.40     | 0.00%             | 2032-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KAZMUNAYGAS NATIONAL CO                                                             | KazMunayGas National Co JSC                                                      | CUSIP: 48126PAA0<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |   2073000 | PA      | $1877308.80   | 0.07%             | 2033-04-14      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                                 | JPMorgan Chase & Co                                                              | CUSIP: 48128BAN1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    115000 | PA      | $114867.75    | 0.00%             | 2026-06-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                                       | JPMCC Commercial Mortgage Securities Trust 2019-COR4                             | CUSIP: 48128YAU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $494356.15    | 0.02%             | 2052-03-10      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| KSL Resorts                                                                         | KSL Commercial Mortgage Trust 2025-MH                                            | CUSIP: 48268VAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6500000 | PA      | $6518193.50   | 0.25%             | 2042-12-15      | Floating      | 7.62%                 | No            |                  2 | On Loan: No      |
| KELSO INDUSTRIES LLC                                                                | Kelso Industries LLC Term Loan                                                   | CUSIP: 48825CAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    114839 | PA      | $115413.27    | 0.00%             | 2029-12-30      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| KEDRION SPA                                                                         | Kedrion SpA                                                                      | CUSIP: 49272YAB9<br>LEI: 81560047FA58E1BEDF67 | Long             | DBT              | CORP              | IT        |    669000 | PA      | $661520.58    | 0.03%             | 2029-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KEYSPAN GAS EAST CORP                                                               | KeySpan Gas East Corp                                                            | CUSIP: 49338CAD5<br>LEI: K8TS3HOE1568DUBUJL44 | Long             | DBT              | CORP              | US        |    385000 | PA      | $405285.65    | 0.02%             | 2033-03-06      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| Kinetic ABS Issuer LLC                                                              | Kinetic ABS Issuer LLC                                                           | CUSIP: 49459AAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3562726.30   | 0.14%             | 2056-02-25      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| Knock Issuer Trust 2025-1                                                           | Knock Issuer Trust 2025-1                                                        | CUSIP: 49917PAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2545000 | PA      | $2581283.05   | 0.10%             | 2030-02-25      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                                             | Kodiak Gas Services LLC                                                          | CUSIP: 50012LAD6<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    728000 | PA      | $745923.36    | 0.03%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                                             | Kodiak Gas Services LLC                                                          | CUSIP: 50012LAE4<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    500000 | PA      | $516790.00    | 0.02%             | 2035-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| KUEHG Corp                                                                          | KUEHG Corp 2025 Term Loan                                                        | CUSIP: 50118YAH2<br>LEI: 549300YNT566T1NYJX62 | Long             | LON              | CORP              | US        |    997494 | PA      | $942945.79    | 0.04%             | 2030-06-12      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                                                            | LCM Investments Holdings II LLC                                                  | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52711.50     | 0.00%             | 2031-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership                                                                 | LCM 35 Ltd                                                                       | CUSIP: 50202QAQ6<br>LEI: 549300KLSB4ZQ2S3TJ95 | Long             | ABS-CBDO         | CORP              | KY        |   1700000 | PA      | $1700970.70   | 0.07%             | 2034-10-15      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| LHOME Mortgage Trust                                                                | LHOME Mortgage Trust 2025-RTL1                                                   | CUSIP: 50205UAB7<br>LEI: 5299002NGIWITLMXOH85 | Long             | ABS-MBS          | CORP              | US        |   3609000 | PA      | $3654373.79   | 0.14%             | 2040-01-25      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| LMRK Issuer Co. LLC                                                                 | Lmrk Issuer Co 2 LLC                                                             | CUSIP: 50209AAJ0<br>LEI: 549300TATF7H68SRLE80 | Long             | ABS-O            | CORP              | US        |   5705000 | PA      | $5785270.49   | 0.22%             | 2055-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| LSF12 CROWN US CORCAL BDCO LLC                                                      | LSF12 CROWN US CORCAL BDCO LLC 2026 TERM LOAN B                                  | CUSIP: 50221UAE1<br>LEI: 254900FI2OCFTJ9PAJ18 | Long             | LON              | CORP              | US        |    967607 | PA      | $970630.58    | 0.04%             | 2031-12-02      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| Lakeshore Intermediate LLC                                                          | Lakeshore Intermediate LLC Term Loan                                             | CUSIP: 51207KAB5<br>LEI: 9845007F777G13ADC933 | Long             | LON              | CORP              | US        |    493573 | PA      | $379229.60    | 0.01%             | 2028-09-29      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                                                | Las Vegas Sands Corp                                                             | CUSIP: 517834AM9<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |   1825000 | PA      | $1868982.50   | 0.07%             | 2028-06-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                                                | Las Vegas Sands Corp                                                             | CUSIP: 517834AN7<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1565520.00   | 0.06%             | 2030-06-14      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LAVENDER DUTCH BORROWERCO BV                                                        | Lavender Dutch BorrowerCo BV USD Term Loan                                       | CUSIP: 51944RAB8<br>LEI: 254900WC9QQXLKNE2931 | Long             | LON              | CORP              | US        |   1000000 | PA      | $1004585.00   | 0.04%             | 2032-12-30      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| Learning Care Group (US) No 2 Inc                                                   | Learning Care Group (US) No 2 Inc 2024 Term Loan B                               | CUSIP: 52200MAL4<br>LEI: 5493000VMN44LK8QID23 | Long             | LON              | CORP              | US        |   1246827 | PA      | $947588.84    | 0.04%             | 2028-08-11      | Floating      | 7.84%                 | No            |                  2 | On Loan: No      |
| Lehman ABS Manufactured Housing Contract                                            | Lehman ABS Manufactured Housing Contract Trust 2001-B                            | CUSIP: 52519SAL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    146927 | PA      | $148052.35    | 0.01%             | 2040-04-15      | Variable      | 6.63%                 | No            |                  2 | On Loan: No      |
| Lehman Mortgage Trust                                                               | Lehman Mortgage Trust 2006-1                                                     | CUSIP: 52520MFB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    128469 | PA      | $59327.32     | 0.00%             | 2036-02-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lehman Mortgage Trust                                                               | Lehman Mortgage Trust 2006-7                                                     | CUSIP: 52520QAQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    182956 | PA      | $21110.51     | 0.00%             | 2036-11-25      | Floating      | 2.76%                 | No            |                  2 | On Loan: No      |
| Lehman Mortgage Trust                                                               | Lehman Mortgage Trust 2006-9                                                     | CUSIP: 52521HBT9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5516744 | PA      | $382544.84    | 0.01%             | 2037-01-25      | Floating      | 3.44%                 | No            |                  2 | On Loan: No      |
| Lehman Mortgage Trust                                                               | Lehman Mortgage Trust 2007-5                                                     | CUSIP: 52521RBU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    482221 | PA      | $135135.17    | 0.01%             | 2036-10-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Lehman Mortgage Trust                                                               | Lehman Mortgage Trust 2007-5                                                     | CUSIP: 52521RCJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8161508 | PA      | $855584.72    | 0.03%             | 2037-06-25      | Floating      | 2.55%                 | No            |                  2 | On Loan: No      |
| Lehman XS Trust                                                                     | Lehman XS Trust 2006-17                                                          | CUSIP: 52523KAM6<br>LEI: 549300FDK6ZP3YIHRJ47 | Long             | ABS-MBS          | CORP              | US        |   6415401 | PA      | $157330.66    | 0.01%             | 2046-08-25      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| Lehman XS Trust                                                                     | Lehman XS Trust 2006-17                                                          | CUSIP: 52523KAQ7<br>LEI: 549300FDK6ZP3YIHRJ47 | Long             | ABS-O            | CORP              | US        |    158002 | PA      | $144914.74    | 0.01%             | 2046-08-25      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| Darktrace PLC                                                                       | Darktrace PLC 1st Lien Term Loan                                                 | CUSIP: 52526CAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1247487 | PA      | $1219157.00   | 0.05%             | 2031-10-09      | Floating      | 6.90%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                               | Level 3 Financing Inc                                                            | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    380000 | PA      | $392000.40    | 0.02%             | 2033-06-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LXP INDUSTRIAL TRUST                                                                | LXP Industrial Trust                                                             | CUSIP: 529043AE1<br>LEI: 549300S4MH2ICXDBFV43 | Long             | DBT              |  | US        |    160000 | PA      | $146766.40    | 0.01%             | 2030-09-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                                                             | Light & Wonder International Inc                                                 | CUSIP: 531968AB1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |   1081000 | PA      | $1097031.23   | 0.04%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                                                                   | Lithia Motors Inc                                                                | CUSIP: 536797AG8<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    325000 | PA      | $314528.50    | 0.01%             | 2029-06-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Live Nation Entertainment Inc                                                       | Live Nation Entertainment Inc 2025 Term Loan B                                   | CUSIP: 53803HAY6<br>LEI: 5493007B9BM9ZXJINO78 | Long             | LON              | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.04%             | 2032-10-21      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| DI Issuer LLC                                                                       | Lmdv Issuer Co LLC                                                               | CUSIP: 538908AE4<br>LEI: 254900A6HRP8XHJJGM20 | Long             | ABS-O            | CORP              | US        |   6275000 | PA      | $6401744.33   | 0.25%             | 2055-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                          | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                        | CUSIP: 544445BD0<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |    100000 | PA      | $92948.40     | 0.00%             | 2038-05-15      | Fixed         | 3.89%                 | No            |                  2 | On Loan: No      |
| LSF12 HELIX PARENT LLC                                                              | Lsf12 Helix Parent LLC                                                           | CUSIP: 548916AA3<br>LEI: 254900H70V4IL22BHL88 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1116016.20   | 0.04%             | 2033-02-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| MASTR Asset Backed Securities Trust                                                 | Mastr Asset Backed Securities Trust 2006-NC2                                     | CUSIP: 55275BAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    643817 | PA      | $227350.37    | 0.01%             | 2036-08-25      | Floating      | 4.01%                 | No            |                  2 | On Loan: No      |
| MAPS Trust                                                                          | MAPS 2026-1 Trust                                                                | CUSIP: 55293WAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3000097.20   | 0.12%             | 2051-01-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                                                                    | MGM Resorts International                                                        | CUSIP: 552953CJ8<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    527000 | PA      | $539779.75    | 0.02%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MIP V Waste Holdings LLC                                                            | MIP V Waste Holdings LLC 2025 Term Loan B                                        | CUSIP: 55316XAE0<br>LEI: 254900RELOGHR3ZGIQ56 | Long             | LON              | CORP              | US        |    995000 | PA      | $997487.50    | 0.04%             | 2032-08-20      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Madison Avenue Trust                                                                | MAD Commercial Mortgage Trust 2025-11MD                                          | CUSIP: 55616AAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2300000 | PA      | $2355101.10   | 0.09%             | 2042-10-15      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| Madison Avenue Trust                                                                | MAD Commercial Mortgage Trust 2025-11MD                                          | CUSIP: 55616AAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2300000 | PA      | $2287344.02   | 0.09%             | 2042-10-15      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC                                                             | Macy's Retail Holdings LLC                                                       | CUSIP: 55617LAS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    676000 | PA      | $714870.00    | 0.03%             | 2033-08-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                                                                | Michaels Cos Inc/The                                                             | CUSIP: 55916AAA2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |   2299000 | PA      | $2277435.38   | 0.09%             | 2028-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                                                                | Michaels Cos Inc/The                                                             | CUSIP: 55916AAB0<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |   1710000 | PA      | $1668686.40   | 0.06%             | 2029-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Magnite Inc                                                                         | Magnite Inc 2025 Repriced Term Loan B                                            | CUSIP: 55955NAG3<br>LEI: 54930018FR2YX1HHSB02 | Long             | LON              | CORP              | US        |    799479 | PA      | $796149.30    | 0.03%             | 2031-02-06      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                                                                   | Magnetite Xlii Ltd                                                               | CUSIP: 55955YAE4<br>LEI: 5299008QF7XUGQ5EZC63 | Long             | ABS-CBDO         | CORP              | KY        |   7186000 | PA      | $4884108.62   | 0.19%             | 2038-01-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| MajorDrive Holdings IV LLC                                                          | MajorDrive Holdings IV LLC Term Loan B                                           | CUSIP: 56085UAB9<br>LEI: 25490044R1FR5N8FIT62 | Long             | LON              | CORP              | US        |    425168 | PA      | $406035.73    | 0.02%             | 2028-06-01      | Floating      | 7.93%                 | No            |                  2 | On Loan: No      |
| MASTR Alternative Loans Trust                                                       | MASTR Alternative Loan Trust 2005-2                                              | CUSIP: 576434J70<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3258 | PA      | $3226.89      | 0.00%             | 2035-03-25      | Floating      | 4.19%                 | No            |                  2 | On Loan: No      |
| MATTEL INC                                                                          | Mattel Inc                                                                       | CUSIP: 577081BG6<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2221780.00   | 0.09%             | 2030-11-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP                                                                         | McAfee Corp                                                                      | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |    301000 | PA      | $240047.50    | 0.01%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| McAfee, LLC                                                                         | McAfee LLC 2024 USD 1st Lien Term Loan B                                         | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |   1180300 | PA      | $1048991.65   | 0.04%             | 2029-03-01      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Medina Valley Independent School District                                           | MEDINA VLY TX INDEP SCH DIST                                                     | CUSIP: 584887WW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $615046.53    | 0.02%             | 2050-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                                                 | Medline Borrower LP 2025 Term Loan B                                             | CUSIP: 58503UAH6<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |    164311 | PA      | $164896.58    | 0.01%             | 2028-10-23      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                                                 | Medline Borrower LP 2025 Incremental Term Loan B                                 | CUSIP: 58503UAJ2<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |   1500000 | PA      | $1506022.50   | 0.06%             | 2030-10-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mermaid Bidco Inc                                                                   | Mermaid Bidco Inc 2024 USD Term Loan B                                           | CUSIP: 59012CAL9<br>LEI: 254900765HT42I3EW691 | Long             | LON              | CORP              | US        |   1493684 | PA      | $1471278.41   | 0.06%             | 2031-07-03      | Floating      | 7.15%                 | No            |                  2 | On Loan: No      |
| MLCC Mortgage Investors Inc                                                         | Merrill Lynch Mortgage Investors Trust Series MLCC 2004-B                        | CUSIP: 59020UBU8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | ABS-MBS          | CORP              | US        |      2562 | PA      | $2516.50      | 0.00%             | 2029-05-25      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch Mortgage Investors Trust                                              | Merrill Lynch Mortgage Investors Trust Series 2006-RM2                           | CUSIP: 590216AA5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | ABS-O            | CORP              | US        |   3297083 | PA      | $926516.83    | 0.04%             | 2037-05-25      | Floating      | 4.16%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch Alternative Note Asset                                                | Merrill Lynch Alternative Note Asset Trust Series 2007-A1                        | CUSIP: 59023MAT7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    608224 | PA      | $182737.22    | 0.01%             | 2037-01-25      | Floating      | 4.11%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch Mortgage Investors Trust                                              | Merrill Lynch Mortgage Investors Trust Series 2006-HE6                           | CUSIP: 59023XAC0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | ABS-MBS          | CORP              | US        |    712194 | PA      | $219382.25    | 0.01%             | 2037-11-25      | Floating      | 4.02%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch First Franklin Mortgage Loan Trust                                    | Merrill Lynch First Franklin Mortgage Loan Trust Series 2007-3                   | CUSIP: 59024VAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    177435 | PA      | $177826.30    | 0.01%             | 2037-06-25      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                                                             | Metropolitan Life Global Funding I                                               | CUSIP: 59217GEG0<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14267.25     | 0.00%             | 2030-04-09      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                            | MIAMI-DADE CNTY FL AVIATION REVENUE                                              | CUSIP: 59333P6H6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $88990.10     | 0.00%             | 2032-10-01      | Fixed         | 2.61%                 | No            |                  2 | On Loan: No      |
| Michaels Companies Inc                                                              | Michaels Companies Inc 2021 Term Loan B                                          | CUSIP: 59408UAB3<br>LEI: 549300H9LWMBP7HYLR98 | Long             | LON              | CORP              | US        |     83079 | PA      | $82504.44     | 0.00%             | 2028-04-17      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| Mid-State Trust                                                                     | Mid-State Capital Corp 2005-1 Trust                                              | CUSIP: 595481AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       767 | PA      | $767.34       | 0.00%             | 2040-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Mid-State Trust                                                                     | Mid-State Capital Corp 2006-1 Trust                                              | CUSIP: 59548PAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     19042 | PA      | $19185.80     | 0.00%             | 2040-10-15      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| Mid-State Trust                                                                     | Mid-State Trust XI                                                               | CUSIP: 59549WAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       519 | PA      | $518.94       | 0.00%             | 2038-07-15      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| CONTRA GCB144A MODIVCA                                                              | CONTRA GCB144A MODIVCA                                                           | CUSIP: 607PMTAB0<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | DBT              | CORP              | US        |    744450 | PA      | $11166.75     | 0.00%             | 2029-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                                               | Molina Healthcare Inc                                                            | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |   2330000 | PA      | $2348616.70   | 0.09%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                                                           | Morgan Stanley Bank of America Merrill Lynch Trust 2015-C22                      | CUSIP: 61690FAN3<br>LEI: 549300P1YQ48837ZOI22 | Long             | ABS-MBS          | CORP              | US        |    167072 | PA      | $3.42         | 0.00%             | 2048-04-15      | Variable      | 0.52%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA                                                              | Morgan Stanley Bank NA                                                           | CUSIP: 61690U8B9<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10193400.00  | 0.39%             | 2028-05-26      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                                                      | Morgan Stanley Capital I Trust 2011-C2                                           | CUSIP: 617459AF9<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |  10124887 | PA      | $37978.45     | 0.00%             | 2044-06-15      | Variable      | 0.49%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                      | Morgan Stanley                                                                   | CUSIP: 61747YED3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    425000 | PA      | $377111.00    | 0.01%             | 2032-07-21      | Floating      | 2.24%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                      | Morgan Stanley                                                                   | CUSIP: 61747YEL5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    354000 | PA      | $322996.68    | 0.01%             | 2033-01-21      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                      | Morgan Stanley                                                                   | CUSIP: 61747YFR1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   3120000 | PA      | $3301365.60   | 0.13%             | 2035-04-19      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Mortgage Loan Trust                                                  | Morgan Stanley Mortgage Loan Trust 2007-13                                       | CUSIP: 61756HBN9<br>LEI: 5493001INKZRJR8O7L63 | Long             | ABS-MBS          | CORP              | US        |    172962 | PA      | $91539.80     | 0.00%             | 2037-10-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                                                           | Morgan Stanley Bank of America Merrill Lynch Trust 2012-C5                       | CUSIP: 61761AAE8<br>LEI: 549300P1YQ48837ZOI22 | Long             | ABS-MBS          | CORP              | US        |  21030848 | PA      | $151.42       | 0.00%             | 2045-08-15      | Variable      | 0.13%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                                                           | Morgan Stanley Bank of America Merrill Lynch Trust 2013-C12                      | CUSIP: 61762XAA5<br>LEI: 549300P1YQ48837ZOI22 | Long             | ABS-MBS          | CORP              | US        |  15985117 | PA      | $229133.86    | 0.01%             | 2046-10-15      | Variable      | 1.04%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust                                      | Morgan Stanley Residential Mortgage Loan Trust 2024-INV3                         | CUSIP: 61776GAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1320304 | PA      | $1351942.47   | 0.05%             | 2054-06-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY PVT BANK                                                             | Morgan Stanley Private Bank NA                                                   | CUSIP: 61776NVG5<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $3242880.00   | 0.12%             | 2031-07-18      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY PVT BANK                                                             | Morgan Stanley Private Bank NA                                                   | CUSIP: 61776NZU0<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   5685000 | PA      | $5702055.00   | 0.22%             | 2028-11-17      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY PVT BANK                                                             | Morgan Stanley Private Bank NA                                                   | CUSIP: 61776NZW6<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   2370000 | PA      | $2371706.40   | 0.09%             | 2031-11-19      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust                                      | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM5                         | CUSIP: 61779BAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4055000 | PA      | $4120506.90   | 0.16%             | 2070-07-25      | Variable      | 6.14%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust                                      | Morgan Stanley Residential Mortgage Loan Trust 2026-NQM1                         | CUSIP: 61780XAH8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4150000 | PA      | $4209411.86   | 0.16%             | 2070-12-25      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust                                      | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM1                         | CUSIP: 617932AJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3350000 | PA      | $3356191.47   | 0.13%             | 2069-11-25      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                                                 | Medline Borrower LP                                                              | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   8925000 | PA      | $8738735.25   | 0.34%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL USA INC                                                                  | Murphy Oil USA Inc                                                               | CUSIP: 626738AF5<br>LEI: N32S6DTR2ZZ5222WHV58 | Long             | DBT              | CORP              | US        |     58000 | PA      | $54491.00     | 0.00%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NCR VOYIX CORP                                                                      | NCR Voyix Corp                                                                   | CUSIP: 62886EAY4<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |    675000 | PA      | $669012.75    | 0.03%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NGPL PIPECO LLC                                                                     | NGPL PipeCo LLC                                                                  | CUSIP: 62912XAF1<br>LEI: 549300K3NT1HSQFEM073 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40207.60     | 0.00%             | 2027-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NMEF Funding LLC                                                                    | NMEF Funding 2025-B LLC                                                          | CUSIP: 62919WAF6<br>LEI: 549300LKWL3P0UPHKL72 | Long             | ABS-O            | CORP              | US        |   2300000 | PA      | $2348270.56   | 0.09%             | 2033-01-18      | Fixed         | 7.66%                 | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                                                               | NGL Energy Operating LLC / NGL Energy Finance Corp                               | CUSIP: 62922LAD0<br>LEI: 5299005YSRP46BE8Z459 | Long             | DBT              | CORP              | US        |   2373000 | PA      | $2484436.08   | 0.10%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| NYO Commercial Mortgage Trust                                                       | NYO Commercial Mortgage Trust 2021-1290                                          | CUSIP: 62955HAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1780000 | PA      | $1777870.23   | 0.07%             | 2038-12-15      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| NYO Commercial Mortgage Trust                                                       | NYO Commercial Mortgage Trust 2021-1290                                          | CUSIP: 62955HAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    820000 | PA      | $819229.69    | 0.03%             | 2038-11-15      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| NYO Commercial Mortgage Trust                                                       | NYO Commercial Mortgage Trust 2021-1290                                          | CUSIP: 62955HAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2765000 | PA      | $2749721.72   | 0.11%             | 2038-11-15      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| NYC Trust                                                                           | NYCT Trust 2024-3ELV                                                             | CUSIP: 62956HAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6500000 | PA      | $6522155.90   | 0.25%             | 2029-08-15      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| Naked Juice LLC                                                                     | Naked Juice LLC 2025 FLFO Term Loan                                              | CUSIP: 62984CAK9<br>LEI: 549300Y5TU1XQ1KVLJ64 | Long             | LON              | CORP              | US        |   2226519 | PA      | $2219883.78   | 0.09%             | 2029-01-24      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| Naked Juice LLC                                                                     | Naked Juice LLC 2025 FLSO Term Loan                                              | CUSIP: 62984CAM5<br>LEI: 549300Y5TU1XQ1KVLJ64 | Long             | LON              | CORP              | US        |     49002 | PA      | $31687.60     | 0.00%             | 2029-01-24      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| Naked Juice LLC                                                                     | Naked Juice LLC 2025 FLTO Term Loan                                              | CUSIP: 62984CAN3<br>LEI: 549300Y5TU1XQ1KVLJ64 | Long             | LON              | CORP              | US        |     75459 | PA      | $16806.66     | 0.00%             | 2030-01-24      | Floating      | 9.77%                 | No            |                  2 | On Loan: No      |
| NCR Atleos LLC                                                                      | NCR Atleos LLC 2025 Term Loan B                                                  | CUSIP: 63001PAG6<br>LEI: 9845005FC3S0VA714741 | Long             | LON              | CORP              | US        |   1000000 | PA      | $990000.00    | 0.04%             | 2029-04-16      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| NAPA Management Services Corporation                                                | NAPA Management Services Corporation Term Loan B                                 | CUSIP: 63035HAC3<br>LEI: 549300C5SN85QZ48R870 | Long             | LON              | CORP              | US        |   1373996 | PA      | $846196.34    | 0.03%             | 2029-02-23      | Floating      | 9.02%                 | No            |                  2 | On Loan: No      |
| Nationstar Home Equity Loan Trust                                                   | Nationstar Home Equity Loan Trust 2007-C                                         | CUSIP: 63860KAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     12112 | PA      | $11901.43     | 0.00%             | 2037-06-25      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| Natixis Commercial Mortgage Securities                                              | Natixis Commercial Mortgage Securities Trust 2018-ALXA                           | CUSIP: 63874GAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $87377.89     | 0.00%             | 2043-01-15      | Variable      | 4.32%                 | No            |                  2 | On Loan: No      |
| Natixis Commercial Mortgage Securities                                              | Natixis Commercial Mortgage Securities Trust 2020-2PAC                           | CUSIP: 63875DAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3041000 | PA      | $2652463.29   | 0.10%             | 2037-01-15      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                                          | Navient Student Loan Trust 2018-4                                                | CUSIP: 63941NAD1<br>LEI: 549300761SV59SBM0Z40 | Long             | ABS-O            | CORP              | US        |    850000 | PA      | $812888.07    | 0.03%             | 2067-06-27      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| Neptune Bidco US Inc                                                                | Neptune Bidco US Inc 2022 USD Term Loan A                                        | CUSIP: 64069JAF9<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |    600087 | PA      | $600251.65    | 0.02%             | 2028-10-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                                                            | Neuberger Berman CLO XVII Ltd                                                    | CUSIP: 64129VAQ6<br>LEI: 549300XVEYZNG956Y145 | Long             | ABS-CBDO         | CORP              | KY        |   1800000 | PA      | $1825896.60   | 0.07%             | 2038-07-22      | Floating      | 10.42%                | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                                                            | Neuberger Berman Loan Advisers CLO 26 Ltd                                        | CUSIP: 64131NAA5<br>LEI: 549300P0MOXZPIM3AS61 | Long             | ABS-CBDO         | CORP              | KY        |   5540000 | PA      | $1822011.82   | 0.07%             | 2038-10-18      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                                                            | Neuberger Berman Loan Advisers Clo 40 Ltd                                        | CUSIP: 64134KAC4<br>LEI: 549300Y2YE54ON4DJE28 | Long             | ABS-CBDO         | CORP              | KY        |    316250 | PA      | $141941.54    | 0.01%             | 2037-10-16      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| New Mountain CLO Ltd                                                                | New Mountain CLO 8 Ltd                                                           | CUSIP: 64755HAB1<br>LEI: 254900PW0IZ6YH8P9I85 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $2870224.00   | 0.11%             | 2038-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Mountain CLO Ltd                                                                | New Mountain CLO 8 Ltd                                                           | CUSIP: 64755HAE5<br>LEI: 254900PW0IZ6YH8P9I85 | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $0.04         | 0.00%             | 2038-10-20      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| New Residential Mortgage Loan Trust                                                 | New Residential Mortgage Loan Trust 2022-SFR2                                    | CUSIP: 64830RAN2<br>LEI: 2138001CG5SYL78G3648 | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $4860585.00   | 0.19%             | 2039-09-04      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                                 | New Residential Mortgage Loan Trust 2022-SFR1                                    | CUSIP: 64831KAQ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $4888680.50   | 0.19%             | 2039-02-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                                 | NEW YORK NY                                                                      | CUSIP: 64966MYR4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    155000 | PA      | $151282.33    | 0.01%             | 2031-04-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue             | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE                                   | CUSIP: 64971XQW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $64490.33     | 0.00%             | 2032-08-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue             | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                                       | CUSIP: 64972JPT9<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1264833.90   | 0.05%             | 2053-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                       | NEW YORK ST URBAN DEV CORP SALES TAX REVENUE                                     | CUSIP: 64985TEX5<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |     40000 | PA      | $34883.96     | 0.00%             | 2034-03-15      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                       | NEW YORK ST URBAN DEV CORP SALES TAX REVENUE                                     | CUSIP: 64985TEY3<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    135000 | PA      | $117358.74    | 0.00%             | 2034-03-15      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                       | NEW YORK ST URBAN DEV CORP REVENUE                                               | CUSIP: 650036EB8<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    100000 | PA      | $84691.10     | 0.00%             | 2033-03-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Nexstar Broadcasting Inc                                                            | Nexstar Broadcasting Inc 2025 Term Loan B5                                       | CUSIP: 65336RBB3<br>LEI: 5493006PK6I4I2OOT688 | Long             | LON              | CORP              | US        |    995000 | PA      | $995825.85    | 0.04%             | 2032-06-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                                                        | NiSource Inc                                                                     | CUSIP: 65473PAY1<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   3160000 | PA      | $3181551.20   | 0.12%             | 2056-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NORTHWEST NATURAL HOLDI                                                             | Northwest Natural Holding Co                                                     | CUSIP: 66765NAA3<br>LEI: 254900PSJL6ZEC8FR782 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2094720.00   | 0.08%             | 2055-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                                                     | Gen Digital Inc                                                                  | CUSIP: 668771AK4<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    328000 | PA      | $331316.08    | 0.01%             | 2027-09-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                                                     | Gen Digital Inc                                                                  | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251462.50    | 0.01%             | 2033-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust 2021-909                                              | NYC Commercial Mortgage Trust 2021-909                                           | CUSIP: 67076XAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1400000 | PA      | $1100602.30   | 0.04%             | 2043-04-10      | Variable      | 3.21%                 | No            |                  2 | On Loan: No      |
| Oakwood Mortgage Investors Inc.                                                     | Oakwood Mortgage Investors Inc                                                   | CUSIP: 67087TAK7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    179839 | PA      | $129333.22    | 0.00%             | 2027-08-15      | Fixed         | 7.48%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                                                         | OCP CLO Ltd                                                                      | CUSIP: 671025AC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4714493 | PA      | $2129993.79   | 0.08%             | 2037-01-17      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| OEG Borrower LLC                                                                    | OEG Borrower LLC 2024 Term Loan B                                                | CUSIP: 67115HAG8<br>LEI: 254900UUVX9EYPUMP391 | Long             | LON              |  | US        |    997475 | PA      | $1002671.59   | 0.04%             | 2031-06-30      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                            | OBX 2022-NQM7 Trust                                                              | CUSIP: 67117DAC4<br>LEI: 25490010LUJWFEUCIH44 | Long             | ABS-MBS          | CORP              | US        |   1099756 | PA      | $1100890.10   | 0.04%             | 2062-08-25      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| OCP Aegis CLO Ltd                                                                   | OCP Aegis CLO 2023-29 Ltd                                                        | CUSIP: 67118BAW3<br>LEI: 2138009EGVOGD3J5GI42 | Long             | ABS-CBDO         | CORP              | JE        |   1100000 | PA      | $1101877.70   | 0.04%             | 2036-01-20      | Floating      | 7.52%                 | No            |                  2 | On Loan: No      |
| NXPT Commercial Mortgage Trust                                                      | NXPT Commercial Mortgage Trust 2024-STOR                                         | CUSIP: 67119YAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    811000 | PA      | $822592.27    | 0.03%             | 2041-11-05      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                            | OBX 2024-NQM16 Trust                                                             | CUSIP: 67120GAF5<br>LEI: 254900AIRPH5Q5COT575 | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $4057954.80   | 0.16%             | 2064-10-25      | Variable      | 6.37%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust 2021-909                                              | NYC Commercial Mortgage Trust 2025-3BP                                           | CUSIP: 67120UAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2050000 | PA      | $2061257.99   | 0.08%             | 2042-02-15      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust 2021-909                                              | NYC Commercial Mortgage Trust 2025-1155                                          | CUSIP: 67122BAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3800000 | PA      | $3898363.38   | 0.15%             | 2042-06-10      | Fixed         | 6.81%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust 2021-909                                              | NYC Commercial Mortgage Trust 2025-1155                                          | CUSIP: 67122BAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3355000 | PA      | $3340393.77   | 0.13%             | 2042-06-10      | Variable      | 7.36%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                            | OBX 2026-NQM1 Trust                                                              | CUSIP: 67123HAL7<br>LEI: 25490068H0VHV68K7086 | Long             | ABS-MBS          | CORP              | US        |   5250000 | PA      | $5281081.31   | 0.20%             | 2065-11-25      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| 180 MEDICAL INC                                                                     | 180 Medical Inc                                                                  | CUSIP: 682357AA6<br>LEI: 254900ZB648OPWVFVX59 | Long             | DBT              | CORP              | US        |    269000 | PA      | $262336.87    | 0.01%             | 2029-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| 1440 Food Topco LLC                                                                 | 1440 Food Topco LLC Term Loan B                                                  | CUSIP: 68239HAB8<br>LEI: 25490024DAA5SE6DQ846 | Long             | LON              | CORP              | US        |    743216 | PA      | $704382.60    | 0.03%             | 2031-10-31      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| 1345 Trust                                                                          | 1345T 2025-AOA                                                                   | CUSIP: 68271CAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3019253.40   | 0.12%             | 2042-06-15      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                                                                      | 1261229 BC Ltd                                                                   | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   3872000 | PA      | $3977976.64   | 0.15%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ONT GAMING GTA/OTG CO-IS                                                            | Ontario Gaming GTA LP/OTG Co-Issuer Inc                                          | CUSIP: 68306MAA7<br>LEI: 894500EC9KLZLOC3V025 | Long             | DBT              | CORP              | CA        |   2484000 | PA      | $2387918.88   | 0.09%             | 2030-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                                                                      | Open Text Corp                                                                   | CUSIP: 683715AF3<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |    760000 | PA      | $785209.20    | 0.03%             | 2027-12-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Open Text Corporation                                                               | Open Text Corporation 2023 Term Loan B                                           | CUSIP: 68371YAP8<br>LEI: 549300HP7ONDQODZJV16 | Long             | LON              | CORP              | CA        |    920988 | PA      | $908959.99    | 0.03%             | 2030-01-31      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT INC                                                                       | Open Text Holdings Inc                                                           | CUSIP: 683720AC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2350000 | PA      | $2113754.50   | 0.08%             | 2031-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| OREGON TOOL LUX LP                                                                  | Oregon Tool Lux LP                                                               | CUSIP: 68610BAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    549538 | PA      | $125421.06    | 0.00%             | 2029-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ORION ADVISOR SOLUTIONS INC                                                         | ORION ADVISOR SOLUTIONS INC 2026 REPRICED TERM LOAN B                            | CUSIP: 68627BAM7<br>LEI: 549300R3BS3HTGTSN386 | Long             | LON              | CORP              | US        |    997494 | PA      | $996561.07    | 0.04%             | 2030-09-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oxford Finance Funding Trust                                                        | Oxford Finance Funding Trust 2025-1 LLC                                          | CUSIP: 69144BAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3770000 | PA      | $3784920.91   | 0.15%             | 2035-02-15      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                     | PHEAA Student Loan Trust 2014-3                                                  | CUSIP: 69340JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     13148 | PA      | $13032.46     | 0.00%             | 2040-08-25      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                              | PNC Financial Services Group Inc/The                                             | CUSIP: 693475BC8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    105000 | PA      | $103457.55    | 0.00%             | 2026-09-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                              | PNC Financial Services Group Inc/The                                             | CUSIP: 693475BR5<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1370000 | PA      | $1418511.70   | 0.05%             | 2029-06-12      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgage Trust                                               | PRPM 2023-NQM3 Trust                                                             | CUSIP: 69380TAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    850000 | PA      | $852634.32    | 0.03%             | 2068-11-25      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgage Trust                                               | PRPM 2024-RPL1 LLC                                                               | CUSIP: 69380XAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1600000 | PA      | $1548791.52   | 0.06%             | 2064-12-25      | Variable      | 4.24%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgage Trust                                               | PRPM 2024-RPL1 LLC                                                               | CUSIP: 69380XAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8131000 | PA      | $7644007.58   | 0.29%             | 2064-12-25      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgage Trust                                               | PRPM 2024-RPL3 LLC                                                               | CUSIP: 69381LAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1150000 | PA      | $1114004.20   | 0.04%             | 2054-11-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PFP III                                                                             | PFP 2025-12 Ltd                                                                  | CUSIP: 69382JAD3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2840000 | PA      | $2847968.39   | 0.11%             | 2042-12-18      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| PFP III                                                                             | PFP 2025-12 Ltd                                                                  | CUSIP: 69382JAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1834000 | PA      | $1836653.27   | 0.07%             | 2042-12-18      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partners LLC                                                | PRET 2026-NPL1 LLC                                                               | CUSIP: 69383TAA6<br>LEI: 2549002NGM9N1GT2FK83 | Long             | ABS-O            | CORP              | US        |   6187035 | PA      | $6183983.75   | 0.24%             | 2056-01-25      | Variable      | 5.18%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgage Trust                                               | PRPM 2026-RCF1 Trust                                                             | CUSIP: 69383VAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4984470.50   | 0.19%             | 2056-01-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partners LLC                                                | PRET 2025-NPL8 LLC                                                               | CUSIP: 69392EAA8<br>LEI: 254900EZKI569P0YE486 | Long             | ABS-O            | CORP              | US        |   4577776 | PA      | $4600237.37   | 0.18%             | 2055-08-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgage Trust                                               | PRPM 2025-RPL3 LLC                                                               | CUSIP: 69392NAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4150000 | PA      | $3803791.23   | 0.15%             | 2055-04-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| PRKCM Trust                                                                         | PRKCM 2023-AFC1 Trust                                                            | CUSIP: 693981AE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1200000 | PA      | $1196150.28   | 0.05%             | 2058-02-25      | Variable      | 7.40%                 | No            |                  2 | On Loan: No      |
| Pacific Bells LLC                                                                   | Pacific Bells LLC 2024 Repriced Term Loan B                                      | CUSIP: 69403HAN0<br>LEI: 549300VGOQXINYVBJF37 | Long             | LON              | CORP              | US        |    993644 | PA      | $998194.66    | 0.04%             | 2028-11-13      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Nuvei Technologies Corp                                                             | Nuvei Technologies Corp 2025 Repriced Term Loan B                                | CUSIP: 69425BAD9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1491256 | PA      | $1481399.06   | 0.06%             | 2031-11-17      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                                                               | Palmer Square CLO 2015-1 Ltd                                                     | CUSIP: 69689ACA6<br>LEI: 5493006ZPBFJJGSXB826 | Long             | ABS-CBDO         | CORP              | KY        |   1300000 | PA      | $1301726.40   | 0.05%             | 2034-05-21      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                                                               | Palmer Square CLO 2015-1 Ltd                                                     | CUSIP: 69689ACC2<br>LEI: 5493006ZPBFJJGSXB826 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2506467.50   | 0.10%             | 2034-05-21      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                                                               | Palmer Square CLO 2021-1 Ltd                                                     | CUSIP: 69701UAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2212000 | PA      | $1124151.67   | 0.04%             | 2038-04-20      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER                                                               | Panther Escrow Issuer LLC                                                        | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375000 | PA      | $386535.00    | 0.01%             | 2031-06-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| PAPA JOHN'S INTERNATIONA                                                            | Papa John's International Inc                                                    | CUSIP: 698813AA0<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | DBT              | CORP              | US        |   2535000 | PA      | $2425741.50   | 0.09%             | 2029-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Paradigm Parent LLC                                                                 | Paradigm Parent LLC 1st Lien Term Loan                                           | CUSIP: 69902BAB5<br>LEI: 254900EDT9YE5UFH3458 | Long             | LON              | CORP              | US        |    598500 | PA      | $513213.75    | 0.02%             | 2032-04-16      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| PARADIGM PRNT/CO-ISSUER                                                             | Paradigm Parent LLC and Paradigm Parent CO-Issuer Inc                            | CUSIP: 69902PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    932000 | PA      | $835277.04    | 0.03%             | 2032-04-17      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Park Avenue Institutional Advisers CLO                                              | Park Avenue Institutional Advisers CLO Ltd 2021-1                                | CUSIP: 70015QAS7<br>LEI: 529900G1ZDEDA0MGYE20 | Long             | ABS-CBDO         | CORP              | KY        |   3400000 | PA      | $3411366.20   | 0.13%             | 2034-01-20      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| Park Avenue Institutional Advisers CLO                                              | Park Avenue Institutional Advisers CLO Ltd 2017-1                                | CUSIP: 70017KBC2<br>LEI: 549300ZWX1MRCB6KO574 | Long             | ABS-CBDO         | CORP              | KY        |   2850000 | PA      | $2852778.75   | 0.11%             | 2034-02-14      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Park Avenue Institutional Advisers CLO                                              | Park Avenue Institutional Advisers CLO Ltd 2021-2                                | CUSIP: 70018QAQ8<br>LEI: 529900TR2RUYEEXPKF94 | Long             | ABS-CBDO         | CORP              | KY        |   2200000 | PA      | $2204087.60   | 0.08%             | 2034-07-15      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| PAYCHEX INC                                                                         | Paychex Inc                                                                      | CUSIP: 704326AA5<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |   3880000 | PA      | $3991394.80   | 0.15%             | 2030-04-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Pelican Products Inc                                                                | Pelican Products Inc 2021 Term Loan                                              | CUSIP: 70468BAC7<br>LEI: 5493008CRWH2WFODTF44 | Long             | LON              | CORP              | US        |   2153305 | PA      | $2022329.77   | 0.08%             | 2028-12-29      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| Pediatric Associates Holding Company LLC                                            | Pediatric Associates Holding Company LLC 2021 Term Loan B                        | CUSIP: 70533DAF7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1251320 | PA      | $1221294.35   | 0.05%             | 2028-12-29      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| PENN Entertainment Inc                                                              | PENN Entertainment Inc 2022 Term Loan B                                          | CUSIP: 70757DAZ2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    997416 | PA      | $998398.47    | 0.04%             | 2029-05-03      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Peraton Corp                                                                        | Peraton Corp Term Loan B                                                         | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |    898617 | PA      | $831782.77    | 0.03%             | 2028-02-01      | Floating      | 7.52%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                                                                | Pilgrim's Pride Corp                                                             | CUSIP: 72147KAJ7<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |   2930000 | PA      | $2857980.60   | 0.11%             | 2031-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP                                                                | Pilgrim's Pride Corp                                                             | CUSIP: 72147KAK4<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    950000 | PA      | $1016443.00   | 0.04%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Ping Identity Corporation                                                           | Ping Identity Corporation 2025 Term Loan                                         | CUSIP: 72342MAB3<br>LEI: 254900DJEBSADAC6R313 | Long             | LON              | CORP              | US        |   1000000 | PA      | $993750.00    | 0.04%             | 2032-11-15      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| PIPELINE FUNDING CO LLC                                                             | Pipeline Funding Co LLC                                                          | CUSIP: 724060AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    133770 | PA      | $137258.72    | 0.01%             | 2030-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Plano HoldCo Inc                                                                    | Plano HoldCo Inc Term Loan B                                                     | CUSIP: 72712EAB3<br>LEI: 254900C53JLEP3CCOQ10 | Long             | LON              | CORP              | US        |    994366 | PA      | $944647.32    | 0.04%             | 2031-10-02      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Planview Parent Inc                                                                 | Planview Parent Inc 2024 1st Lien Term Loan                                      | CUSIP: 72751PAJ3<br>LEI: 549300SEALM1D9FKMA32 | Long             | LON              | CORP              | US        |   1471242 | PA      | $1315532.83   | 0.05%             | 2027-12-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PLASTIPAK PACKAGING INC                                                             | Plastipak Packaging Inc 2025 Term Loan B                                         | CUSIP: 72761JAK2<br>LEI: 549300Y39ISK7CP7EO21 | Long             | LON              | CORP              | US        |    997500 | PA      | $996786.79    | 0.04%             | 2032-09-24      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Playtika Holding Corp                                                               | Playtika Holding Corp 2021 Term Loan B1                                          | CUSIP: 72814CAF5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | LON              | CORP              | US        |   1497382 | PA      | $1456496.18   | 0.06%             | 2028-03-13      | Floating      | 6.54%                 | No            |                  2 | On Loan: No      |
| Plaze Inc                                                                           | Plaze Inc 2020 Incremental Term Loan                                             | CUSIP: 72819QAN2<br>LEI: 54930069WJQSNERFIV02 | Long             | LON              | CORP              | US        |    665884 | PA      | $606620.62    | 0.02%             | 2026-08-03      | Floating      | 7.54%                 | No            |                  2 | On Loan: No      |
| PMT Loan Trust                                                                      | PMT Loan Trust 2024-INV1                                                         | CUSIP: 73015BBE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1058110 | PA      | $1070586.52   | 0.04%             | 2059-10-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                                   | Post Holdings Inc                                                                | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   1475000 | PA      | $1440337.50   | 0.06%             | 2030-04-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                                   | Post Holdings Inc                                                                | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    993000 | PA      | $941026.38    | 0.04%             | 2031-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                                   | Post Holdings Inc                                                                | CUSIP: 737446AX2<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    950000 | PA      | $957951.50    | 0.04%             | 2034-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Potomac Energy Center LLC                                                           | Potomac Energy Center LLC 2025 Term Loan                                         | CUSIP: 73767TAB2<br>LEI: 549300BHYFK6M9HVNA29 | Long             | LON              | CORP              | US        |    240392 | PA      | $241995.80    | 0.01%             | 2032-08-05      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partners LLC                                                | PRET 2025-NPL6 LLC                                                               | CUSIP: 740936AA7<br>LEI: 2549004EWBYQ3J21FL07 | Long             | ABS-O            | CORP              | US        |   3416651 | PA      | $3431568.07   | 0.13%             | 2055-06-25      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partners LLC                                                | PRET 2025-NPL9 LLC                                                               | CUSIP: 740937AA5<br>LEI: 254900IWII23Q41Y2V47 | Long             | ABS-O            | CORP              | US        |   4091170 | PA      | $4138496.68   | 0.16%             | 2055-08-25      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partners LLC                                                | PRET 2025-NPL4 LLC                                                               | CUSIP: 74136UAA3<br>LEI: 2549006327OOFEDCTX76 | Long             | ABS-O            | CORP              | US        |   3888580 | PA      | $3906508.34   | 0.15%             | 2055-04-25      | Variable      | 6.37%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partners LLC                                                | PRET 2025-NPL1 Trust                                                             | CUSIP: 74143VAA2<br>LEI: 254900640HC5OZKI7J87 | Long             | ABS-O            | CORP              | US        |   1449799 | PA      | $1452177.18   | 0.06%             | 2055-02-25      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| Priority Holdings LLC                                                               | Priority Holdings LLC 2025 Term Loan B                                           | CUSIP: 74275TAH2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1490424 | PA      | $1465832.25   | 0.06%             | 2032-07-30      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                          | Progress Residential 2024-SFR2 Trust                                             | CUSIP: 74290XAL5<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |   2800000 | PA      | $2655997.12   | 0.10%             | 2041-04-17      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                          | Progress Residential 2024-SFR2 Trust                                             | CUSIP: 74290XAN1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $4687136.50   | 0.18%             | 2041-04-17      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                          | Progress Residential 2023-SFR2 Trust                                             | CUSIP: 74331GAJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5141000 | PA      | $5067472.39   | 0.19%             | 2040-10-17      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                          | Progress Residential 2022-SFR3 Trust                                             | CUSIP: 74331UAL2<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |   2895000 | PA      | $2897176.46   | 0.11%             | 2039-04-17      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                          | Progress Residential 2024-SFR5 Trust                                             | CUSIP: 74332HAL0<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |   2050000 | PA      | $1911163.14   | 0.07%             | 2029-08-09      | Variable      | 3.63%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                          | Progress Residential Trust                                                       | CUSIP: 74333HAQ8<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1241357.25   | 0.05%             | 2038-07-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                          | Progress Residential 2021-SFR9 Trust                                             | CUSIP: 74333QAJ4<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |   1531000 | PA      | $1455546.96   | 0.06%             | 2040-11-17      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                          | Progress Residential 2021-SFR8 Trust                                             | CUSIP: 74333TAQ2<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |   1488000 | PA      | $1469463.69   | 0.06%             | 2038-10-17      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                          | Progress Residential 2021-SFR3                                                   | CUSIP: 74333VAQ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1211000 | PA      | $1205882.56   | 0.05%             | 2026-05-17      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                          | Progress Residential 2021-SFR10 Trust                                            | CUSIP: 74333WAN2<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |   1126026 | PA      | $1103190.20   | 0.04%             | 2040-12-17      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                          | Progress Residential 2021-SFR10 Trust                                            | CUSIP: 74333WAS1<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |   7987693 | PA      | $7838896.13   | 0.30%             | 2040-12-17      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                          | Progress Residential 2021-SFR11 Trust                                            | CUSIP: 74333XAN0<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1223731.13   | 0.05%             | 2039-01-17      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                          | Progress Residential 2022-SFR1 Trust                                             | CUSIP: 74333YAN8<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |   1770000 | PA      | $1752084.77   | 0.07%             | 2041-02-17      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                          | Progress Residential 2022-SFR1 Trust                                             | CUSIP: 74333YAQ1<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |   5160000 | PA      | $5123426.44   | 0.20%             | 2041-02-17      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                          | Progress Residential 2023-SFR1 Trust                                             | CUSIP: 74334FAJ7<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |   3600000 | PA      | $3603031.20   | 0.14%             | 2040-03-17      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                          | Progress Residential 2024-SFR4 Trust                                             | CUSIP: 74334JAL4<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |   4500000 | PA      | $4186379.25   | 0.16%             | 2041-07-17      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                          | Progress Residential 2024-SFR4 Trust                                             | CUSIP: 74334JAN0<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |   6482000 | PA      | $5997745.99   | 0.23%             | 2041-07-17      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                          | Progress Residential 2025-SFR1 Trust                                             | CUSIP: 74334NAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5780000 | PA      | $5369867.38   | 0.21%             | 2042-02-17      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Project Alpha Intermediate Holding, Inc.                                            | Project Alpha Intermediate Holding Inc 2024 1st Lien Term Loan B                 | CUSIP: 74339DAN8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1497475 | PA      | $1396402.69   | 0.05%             | 2030-10-26      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Cloudera Inc                                                                        | Cloudera Inc 2021 Term Loan                                                      | CUSIP: 74339VAB4<br>LEI: 549300PGONC4JOI0RG62 | Long             | LON              | CORP              | US        |   1490949 | PA      | $1287188.77   | 0.05%             | 2028-10-08      | Floating      | 7.52%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgage Trust                                               | PRPM 2023-NQM2 Trust                                                             | CUSIP: 74390KAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1256164.25   | 0.05%             | 2068-08-25      | Variable      | 6.87%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgage Trust                                               | PRPM 2025-RCF1 LLC                                                               | CUSIP: 74390RAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2953247.40   | 0.11%             | 2055-02-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgage Trust                                               | PRPM 2025-NQM1 Trust                                                             | CUSIP: 74391EAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2300000 | PA      | $2351615.68   | 0.09%             | 2069-11-25      | Variable      | 7.14%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgage Trust                                               | PRPM 2024-RPL4 LLC                                                               | CUSIP: 74448MAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1280000 | PA      | $1203826.30   | 0.05%             | 2054-12-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE OKLAHOMA                                                             | Public Service Co of Oklahoma                                                    | CUSIP: 744533BS8<br>LEI: F3TJNSIZRGXRH8GEIK79 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3070140.00   | 0.12%             | 2036-01-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| PUG LLC                                                                             | PUG LLC 2024 Extended Term Loan B                                                | CUSIP: 74530DAH8<br>LEI: 549300NL9JUFIOARLW93 | Long             | LON              | CORP              | US        |   1542276 | PA      | $1540833.99   | 0.06%             | 2030-03-15      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| QTS ISSUER ABS II LLC                                                               | QTS Issuer ABS II LLC                                                            | CUSIP: 74690FAS5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3537786.56   | 0.14%             | 2056-01-05      | Fixed         | 6.73%                 | No            |                  2 | On Loan: No      |
| Quartz Acquireco LLC                                                                | Quartz Acquireco LLC 2025 Term Loan B                                            | CUSIP: 74773KAE5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2183702 | PA      | $2118191.01   | 0.08%             | 2030-06-28      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| QuidelOrtho Corp                                                                    | QuidelOrtho Corp Term Loan                                                       | CUSIP: 74840YAH7<br>LEI: 549300YU8CMO9HF53113 | Long             | LON              | CORP              | US        |   1321862 | PA      | $1317070.15   | 0.05%             | 2032-08-20      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                                                    | RALI Series 2006-QS4 Trust                                                       | CUSIP: 749228AB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    225930 | PA      | $185301.62    | 0.01%             | 2036-04-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                                                    | RALI Series 2006-QS4 Trust                                                       | CUSIP: 749228AD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    279878 | PA      | $229548.30    | 0.01%             | 2036-04-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                                                    | RALI Series 2006-QS6 Trust                                                       | CUSIP: 74922EAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    445954 | PA      | $367657.04    | 0.01%             | 2036-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                                                    | RALI Series 2006-QS6 Trust                                                       | CUSIP: 74922EAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    744267 | PA      | $613595.21    | 0.02%             | 2036-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                                                    | RALI Series 2006-QS6 Trust                                                       | CUSIP: 74922EAQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    113522 | PA      | $93590.59     | 0.00%             | 2036-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                                                    | RALI Series 2007-QS1 Trust                                                       | CUSIP: 74922KAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    368187 | PA      | $295455.25    | 0.01%             | 2037-01-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                                                    | RALI Series 2007-QS1 Trust                                                       | CUSIP: 74922KAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5155110 | PA      | $723181.07    | 0.03%             | 2037-01-25      | Floating      | 2.85%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                                                    | RALI Series 2006-QS18 Trust                                                      | CUSIP: 74922RAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3140114 | PA      | $371552.41    | 0.01%             | 2036-12-25      | Floating      | 2.76%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                                                    | RALI Series 2006-QS15 Trust                                                      | CUSIP: 74922YAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    639533 | PA      | $561747.57    | 0.02%             | 2036-10-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Residential Asset Mortgage Products, INC.                                           | RAMP Series 2006-EFC2 Trust                                                      | CUSIP: 749238AD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3459 | PA      | $3453.32      | 0.00%             | 2036-12-25      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                                                    | RALI Series 2007-QS7 Trust                                                       | CUSIP: 74923WAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     38638 | PA      | $32513.01     | 0.00%             | 2037-05-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                                                    | RALI Series 2007-QH9 Trust                                                       | CUSIP: 749241AC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9466278 | PA      | $337070.95    | 0.01%             | 2037-11-25      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                                         | RCKT Mortgage Trust 2025-CES12                                                   | CUSIP: 749349AE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $5014815.00   | 0.19%             | 2055-11-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                                         | Rckt Mortgage Trust 2025-CES4                                                    | CUSIP: 74937YAK4<br>LEI: 254900VY2F6O6C6XTD40 | Long             | ABS-MBS          | CORP              | US        |   4450000 | PA      | $4584768.96   | 0.18%             | 2055-04-25      | Variable      | 6.93%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                                         | RCKT Mortgage Trust 2024-CES5                                                    | CUSIP: 74938KAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    860000 | PA      | $877856.70    | 0.03%             | 2044-08-25      | Variable      | 6.44%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                                         | RCKT Mortgage Trust 2025-CES8                                                    | CUSIP: 74939WAN0<br>LEI: 254900FCN7EI8DTYGA19 | Long             | ABS-MBS          | CORP              | US        |   5250000 | PA      | $5253457.23   | 0.20%             | 2055-08-25      | Variable      | 6.04%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                                         | RCKT Mortgage Trust 2024-CES6                                                    | CUSIP: 749410AF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2300000 | PA      | $2335468.76   | 0.09%             | 2044-09-25      | Fixed         | 7.23%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                                         | RCKT Mortgage Trust 2024-CES7                                                    | CUSIP: 749414AK4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4325000 | PA      | $4407743.31   | 0.17%             | 2044-10-25      | Fixed         | 7.31%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                                         | RCKT Mortgage Trust 2024-CES8                                                    | CUSIP: 749421AC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1560000 | PA      | $1575715.13   | 0.06%             | 2044-11-25      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                                         | RCKT Mortgage Trust 2024-CES8                                                    | CUSIP: 749421AF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5010000 | PA      | $5114211.01   | 0.20%             | 2044-11-25      | Fixed         | 7.40%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                                         | RCKT Mortgage Trust 2025-CES1                                                    | CUSIP: 749427AU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2300000 | PA      | $2236075.41   | 0.09%             | 2045-01-25      | Variable      | 6.64%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                                         | RCKT Mortgage Trust 2025-CES5                                                    | CUSIP: 74942CAN9<br>LEI: 2549008EA2IHW9G2TZ48 | Long             | ABS-MBS          | CORP              | US        |   4500000 | PA      | $4589190.41   | 0.18%             | 2055-05-25      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                                         | RCKT Mortgage Trust 2025-CES7                                                    | CUSIP: 74943AAJ1<br>LEI: 254900E35NYYFOUTHD06 | Long             | ABS-MBS          | CORP              | US        |   3890000 | PA      | $3965286.28   | 0.15%             | 2055-07-25      | Variable      | 6.97%                 | No            |                  2 | On Loan: No      |
| Residential Funding Mtg Sec I                                                       | RFMSI Series 2006-S6 Trust                                                       | CUSIP: 74957VAK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    176240 | PA      | $153073.61    | 0.01%             | 2036-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Residential Funding Mtg Sec I                                                       | RFMSI Series 2006-S6 Trust                                                       | CUSIP: 74957VAP4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     56511 | PA      | $49082.75     | 0.00%             | 2036-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Residential Funding Mtg Sec I                                                       | RFMSI Series 2006-S10 Trust                                                      | CUSIP: 74958DAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    557476 | PA      | $455407.26    | 0.02%             | 2036-10-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                                                                          | ROCK Trust 2024-CNTR                                                             | CUSIP: 74970WAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4175000 | PA      | $4449481.20   | 0.17%             | 2041-11-13      | Fixed         | 8.82%                 | No            |                  2 | On Loan: No      |
| Raising Cane's Restaurants, LLC                                                     | Raising Cane's Restaurants LLC 2025 Term Loan B                                  | CUSIP: 75101XAQ0<br>LEI: 254900V6ADXFWHYOED66 | Long             | LON              | CORP              | US        |   1000000 | PA      | $998755.00    | 0.04%             | 2032-11-03      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                                                    | RALI Series 2007-QO2 Trust                                                       | CUSIP: 75116AAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    502303 | PA      | $149119.91    | 0.01%             | 2047-02-25      | Floating      | 3.94%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                                                    | RALI Series 2007-QS3 Trust                                                       | CUSIP: 75116BAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    348786 | PA      | $295853.00    | 0.01%             | 2037-02-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Raven Acquisition Holdings LLC                                                      | Raven Acquisition Holdings LLC Term Loan B                                       | CUSIP: 75419XAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    930676 | PA      | $922649.42    | 0.04%             | 2031-11-19      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Raven Acquisition Holdings LLC                                                      | Raven Acquisition Holdings LLC Delayed Draw Term Loan                            | CUSIP: 75419XAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     66979 | PA      | $66401.53     | 0.00%             | 2031-11-19      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Red Ventures LLC                                                                    | Red Ventures LLC 2024 Term Loan B                                                | CUSIP: 75703UAL9<br>LEI: 9845004G68FBD7FP1585 | Long             | LON              | CORP              | US        |    475468 | PA      | $430596.15    | 0.02%             | 2030-03-04      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Legence Holdings LLC                                                                | Legence Holdings LLC 2025 Repriced Term Loan B                                   | CUSIP: 75865HAM0<br>LEI: 2549003DYOLJRQR9G070 | Long             | LON              | CORP              | US        |    250816 | PA      | $251976.50    | 0.01%             | 2031-12-16      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Renaissance Holding Corp.                                                           | Renaissance Holding Corp 2024 1st Lien Term Loan                                 | CUSIP: 75972JAK0<br>LEI: 549300UKKEC0Y6TXNF09 | Long             | LON              | CORP              | US        |   2084140 | PA      | $1771518.76   | 0.07%             | 2030-04-05      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| UPBOUND GROUP INC                                                                   | Upbound Group Inc                                                                | CUSIP: 76009NAL4<br>LEI: 529900QUHE15UQNCCJ63 | Long             | DBT              | CORP              | US        |   1724000 | PA      | $1709259.80   | 0.07%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| RENTOKIL TERMINIX LLC                                                               | Rentokil Terminix Funding LLC                                                    | CUSIP: 760130AA2<br>LEI: 984500D5BAA7560EKJ44 | Long             | DBT              | CORP              | US        |   1970000 | PA      | $2005775.20   | 0.08%             | 2030-04-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Research Now Group Inc                                                              | Research Now Group Inc 2024 First Lien First Out Term Loan                       | CUSIP: 76100MAB6<br>LEI: 549300XTHJNIVC5Q8K50 | Long             | LON              | CORP              | US        |    454775 | PA      | $452501.10    | 0.02%             | 2028-07-15      | Floating      | 9.14%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                                                    | RALI Series 2005-QS14 Trust                                                      | CUSIP: 761118JL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     92070 | PA      | $81475.71     | 0.00%             | 2035-09-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                                                    | RALI Series 2005-QS16 Trust                                                      | CUSIP: 761118MG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    297364 | PA      | $265305.32    | 0.01%             | 2035-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Residential Funding Mtg Sec I                                                       | RFMSI Series 2006-S3 Trust                                                       | CUSIP: 76111XP56<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    332496 | PA      | $268157.88    | 0.01%             | 2036-03-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Residential Asset Securitization Trust                                              | Residential Asset Securitization Trust 2006-A5CB                                 | CUSIP: 76112FAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    209988 | PA      | $76198.37     | 0.00%             | 2036-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Residential Asset Securitization Trust                                              | Residential Asset Securitization Trust 2007-A1                                   | CUSIP: 761136AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    326093 | PA      | $99563.23     | 0.00%             | 2037-03-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Residential Asset Securitization Trust                                              | Residential Asset Securitization Trust 2007-A3                                   | CUSIP: 76113WAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    458850 | PA      | $199075.56    | 0.01%             | 2037-04-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Residential Asset Securitization Trust                                              | Residential Asset Securitization Trust 2006-A12                                  | CUSIP: 76113XAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    508297 | PA      | $176493.49    | 0.01%             | 2036-11-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Residential Asset Securitization Trust                                              | Residential Asset Securitization Trust 2007-A6                                   | CUSIP: 76114CAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    138928 | PA      | $68718.75     | 0.00%             | 2037-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Residential Asset Securitization Trust                                              | Residential Asset Securitization Trust 2006-A15                                  | CUSIP: 76114DAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    506587 | PA      | $166621.38    | 0.01%             | 2037-01-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Residential Asset Securitization Trust                                              | Residential Asset Securitization Trust 2006-A16                                  | CUSIP: 76114GAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    333391 | PA      | $136706.82    | 0.01%             | 2037-02-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Residential Funding Mtg Sec I                                                       | RFMSI Series 2007-S8 Trust                                                       | CUSIP: 76200QAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    123067 | PA      | $83685.43     | 0.00%             | 2037-09-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RIDE 2025-SHRE                                                                      | RIDE 2025-SHRE                                                                   | CUSIP: 765692AG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3093268.80   | 0.12%             | 2047-02-14      | Variable      | 6.97%                 | No            |                  2 | On Loan: No      |
| RIDE 2025-SHRE                                                                      | RIDE 2025-SHRE                                                                   | CUSIP: 765692AJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2563379.00   | 0.10%             | 2047-02-14      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| RINGCENTRAL INC                                                                     | RingCentral Inc                                                                  | CUSIP: 76680RAJ6<br>LEI: 549300C8EH0H1614VE84 | Long             | DBT              | CORP              | US        |    336000 | PA      | $353031.84    | 0.01%             | 2030-08-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| RIVERS ENTERPRISE                                                                   | Rivers Enterprise Borrower LLC / Rivers Enterprise Finance Corp                  | CUSIP: 76883NAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    803000 | PA      | $817992.01    | 0.03%             | 2033-02-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| RIVERS ENTERPRISE                                                                   | Rivers Enterprise Lender LLC / Rivers Enterprise Lender Corp                     | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1828224.00   | 0.07%             | 2030-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE                                                            | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAM9<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |    216000 | PA      | $221250.96    | 0.01%             | 2040-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd                                                              | Rockford Tower CLO 2017-3 Ltd                                                    | CUSIP: 77341DAA5<br>LEI: 549300V5ZF7112UGSH89 | Long             | ABS-CBDO         | CORP              | KY        |       101 | PA      | $101.38       | 0.00%             | 2030-10-20      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd                                                              | Rockford Tower CLO 2019-2 Ltd                                                    | CUSIP: 77341GAU4<br>LEI: 549300IG5M07NI4QKK80 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2004742.00   | 0.08%             | 2032-08-20      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd                                                              | Rockford Tower CLO 2021-3 Ltd                                                    | CUSIP: 77341NBA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2850000 | PA      | $2791557.90   | 0.11%             | 2038-01-15      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd                                                              | Rockford Tower CLO 2019-1 Ltd                                                    | CUSIP: 77342MAW6<br>LEI: 549300GGUAM1ZV2SKK63 | Long             | ABS-CBDO         | CORP              | KY        |   1900000 | PA      | $1882548.50   | 0.07%             | 2034-04-20      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd                                                              | Rockford Tower CLO 2019-1 Ltd                                                    | CUSIP: 77342MBC9<br>LEI: 549300GGUAM1ZV2SKK63 | Long             | ABS-CBDO         | CORP              | KY        |   2920000 | PA      | $2922242.56   | 0.11%             | 2034-04-20      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| ROLLINS INC                                                                         | Rollins Inc                                                                      | CUSIP: 775711AC8<br>LEI: 549300F2A0BXT4SGWD84 | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1106753.30   | 0.04%             | 2035-02-24      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                                             | Romanian Government International Bond                                           | CUSIP: 77586RAX8<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    594000 | PA      | $621935.82    | 0.02%             | 2036-05-16      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors                                                        | State Street Institutional U.S. Government Money Market Fund                     | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   9894516 | NS      | $9894516.23   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Senior Finance II LLC                                                           | SBA Senior Finance II LLC 2024 Term Loan B                                       | CUSIP: 78404XAJ4<br>LEI: 549300PVT2ADFWMYEW87 | Long             | LON              | CORP              | US        |   1496193 | PA      | $1502663.92   | 0.06%             | 2031-01-25      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| SFAVE Commercial Mortgage Securities Trust                                          | SFAVE Commercial Mortgage Securities Trust 2015-5AVE                             | CUSIP: 78413MAC2<br>LEI: 549300FIGODFFTOAAU64 | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $348544.20    | 0.01%             | 2043-01-05      | Variable      | 3.66%                 | No            |                  2 | On Loan: No      |
| SFAVE Commercial Mortgage Securities Trust                                          | SFAVE Commercial Mortgage Securities Trust 2015-5AVE                             | CUSIP: 78413MAE8<br>LEI: 549300FIGODFFTOAAU64 | Long             | ABS-MBS          | CORP              | US        |    460000 | PA      | $406457.01    | 0.02%             | 2043-01-05      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| SFAVE Commercial Mortgage Securities Trust                                          | SFAVE Commercial Mortgage Securities Trust 2015-5AVE                             | CUSIP: 78413MAN8<br>LEI: 549300FIGODFFTOAAU64 | Long             | ABS-MBS          | CORP              | US        |    925000 | PA      | $755578.94    | 0.03%             | 2043-01-05      | Variable      | 4.39%                 | No            |                  2 | On Loan: No      |
| SFO Commerical Mortgage Trust                                                       | SFO Commercial Mortgage Trust 2021-555                                           | CUSIP: 78432WAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1040000 | PA      | $1040568.88   | 0.04%             | 2038-05-15      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| SFO Commerical Mortgage Trust                                                       | SFO Commercial Mortgage Trust 2021-555                                           | CUSIP: 78432WAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $498903.30    | 0.02%             | 2038-05-15      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                                                              | SCIH Salt Holdings Inc                                                           | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    608000 | PA      | $606261.12    | 0.02%             | 2028-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SCG Hotel Issuer Inc                                                                | SCG Commercial Mortgage Trust 2025-FLWR                                          | CUSIP: 78438AAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3500000 | PA      | $3522817.90   | 0.14%             | 2042-08-15      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                                                              | SLM Student Loan Trust 2004-1                                                    | CUSIP: 78442GKV7<br>LEI: 549300UECCCKC4WVNL14 | Long             | ABS-O            | CORP              | US        |     95715 | PA      | $91029.37     | 0.00%             | 2039-07-25      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                                                              | SLM Student Loan Trust 2008-5                                                    | CUSIP: 78444YAD7<br>LEI: 549300SRMXHPGI3BJ386 | Long             | ABS-O            | CORP              | US        |     21435 | PA      | $21587.30     | 0.00%             | 2023-07-25      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                                                              | SLM Student Loan Trust 2008-7                                                    | CUSIP: 78445FAD7<br>LEI: 54930067BGNOZYMNWK87 | Long             | ABS-O            | CORP              | US        |      6012 | PA      | $6010.28      | 0.00%             | 2023-07-25      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                                                              | SLM Student Loan Trust 2008-7                                                    | CUSIP: 78445FAE5<br>LEI: 54930067BGNOZYMNWK87 | Long             | ABS-O            | CORP              | US        |     10000 | PA      | $9990.44      | 0.00%             | 2083-07-26      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| SLG Office Trust                                                                    | SLG Office Trust 2021-OVA                                                        | CUSIP: 78449RAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4700000 | PA      | $4087425.03   | 0.16%             | 2041-07-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| SMRT                                                                                | SMRT 2022-MINI                                                                   | CUSIP: 78457JAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1400000 | PA      | $1398920.32   | 0.05%             | 2039-01-15      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| SMRT                                                                                | SMRT 2022-MINI                                                                   | CUSIP: 78457JAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6500000 | PA      | $6425316.30   | 0.25%             | 2039-01-15      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| SS&C TECHNOLOGIES INC                                                               | SS&C Technologies Inc                                                            | CUSIP: 78466CAC0<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |     52000 | PA      | $51981.80     | 0.00%             | 2027-09-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SS&C Technologies Inc                                                               | SS&C Technologies Inc 2024 Term Loan B8                                          | CUSIP: 78466DBJ2<br>LEI: 549300KY09TR3J12JU49 | Long             | LON              | CORP              | US        |   1212118 | PA      | $1213493.38   | 0.05%             | 2031-05-09      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust                                                      | SWCH Commercial Mortgage Trust 2025-DATA                                         | CUSIP: 78489CAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6300000 | PA      | $6287001.21   | 0.24%             | 2042-02-15      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| Sabey Data Center Issuer LLC                                                        | Sabey Data Center Issuer LLC                                                     | CUSIP: 78520EAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1325000 | PA      | $1308830.89   | 0.05%             | 2046-06-20      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Sabey Data Center Issuer LLC                                                        | Sabey Data Center Issuer LLC                                                     | CUSIP: 78520EAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175000 | PA      | $175534.56    | 0.01%             | 2048-04-20      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Sabre GLBL Inc                                                                      | Sabre GLBL Inc 2024 Term Loan B1                                                 | CUSIP: 78571YBK5<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |    345360 | PA      | $274778.59    | 0.01%             | 2029-11-15      | Floating      | 9.77%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                                                      | Sabre GLBL Inc                                                                   | CUSIP: 78573NAL6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    197000 | PA      | $160793.37    | 0.01%             | 2029-11-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                                                      | Sabre GLBL Inc                                                                   | CUSIP: 78573NAN2<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    250000 | PA      | $200855.00    | 0.01%             | 2030-03-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortgage Trust                                             | Saluda Grade Alternative Mortgage Trust 2025-LOC5                                | CUSIP: 79581XAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3580000 | PA      | $3594229.07   | 0.14%             | 2055-10-25      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortgage Trust                                             | Saluda Grade Alternative Mortgage Trust 2024-FIG5                                | CUSIP: 79582MAE1<br>LEI: 213800ETGZN4SIG56R83 | Long             | ABS-O            | CORP              | US        |   2506434 | PA      | $2609620.17   | 0.10%             | 2054-04-25      | Variable      | 8.49%                 | No            |                  2 | On Loan: No      |
| Santander Consumer Auto Receivables Trust                                           | Santander Consumer Auto Receivables Trust 2021-C                                 | CUSIP: 80281HAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5150 | PA      | $556339.38    | 0.02%             | 2028-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                                                            | Santander UK Group Holdings PLC                                                  | CUSIP: 80281LAQ8<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |    290000 | PA      | $287474.10    | 0.01%             | 2027-06-14      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| Prometric Holdings Inc                                                              | Prometric Holdings Inc 2025 Term Loan B                                          | CUSIP: 80358TAG1<br>LEI: 54930034OH1XQT27TX40 | Long             | LON              | CORP              | US        |    997500 | PA      | $1000407.71   | 0.04%             | 2032-06-25      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Mativ Holdings Inc                                                                  | Mativ Holdings Inc Delayed Draw Term Loan A                                      | CUSIP: 80854EAJ7<br>LEI: 549300Z1FU4IDULG1R21 | Long             | LON              | CORP              | US        |     84299 | PA      | $83456.24     | 0.00%             | 2027-05-06      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INT                                                            | Science Applications International Corp                                          | CUSIP: 808625AB3<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |    800000 | PA      | $807192.00    | 0.03%             | 2033-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SCRIPPS ESCROW II INC                                                               | Scripps Escrow II Inc                                                            | CUSIP: 81105DAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    937000 | PA      | $866959.25    | 0.03%             | 2029-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SEALED AIR/SEALED AIR US                                                            | Sealed Air Corp/Sealed Air Corp US                                               | CUSIP: 812127AB4<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |   1005000 | PA      | $1048556.70   | 0.04%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                                                     | Sealed Air Corp                                                                  | CUSIP: 812127AC2<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    131000 | PA      | $136222.97    | 0.01%             | 2032-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Secretariat Advisors LLC                                                            | Secretariat Advisors LLC 2025 Term Loan B                                        | CUSIP: 81368NAN5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1226402 | PA      | $1230234.40   | 0.05%             | 2032-02-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Secretariat Advisors LLC                                                            | Secretariat Advisors LLC 2025 Delayed Draw Term Loan                             | CUSIP: 81368NAP0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    148876 | PA      | $149341.07    | 0.01%             | 2032-02-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Credit-Based Asset Servicing and Securitization                                     | Securitized Asset Backed Receivables LLC Trust 2006-CB1                          | CUSIP: 81375WHK5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    220573 | PA      | $190025.55    | 0.01%             | 2036-01-25      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| Securitized Asset Backed Receivables LLC Trust                                      | Securitized Asset Backed Receivables LLC Trust 2007-NC1                          | CUSIP: 81378AAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    797826 | PA      | $398267.97    | 0.02%             | 2036-12-25      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| Showtime Acquisition LLC                                                            | Showtime Acquisition LLC 2024 1st Lien Term Loan                                 | CUSIP: 82540EAC8<br>LEI: 54930002EOYTEFEJFW69 | Long             | LON              | CORP              | US        |    438950 | PA      | $436755.12    | 0.02%             | 2031-08-16      | Floating      | 8.63%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                                                   | Sierra Timeshare 2024-2 Receivables Funding LLC                                  | CUSIP: 82650DAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    416028 | PA      | $422501.15    | 0.02%             | 2041-06-20      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                                                   | Sierra Timeshare 2025-2 Receivables Funding LLC                                  | CUSIP: 82653HAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1364501 | PA      | $1371691.84   | 0.05%             | 2044-04-20      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                                                            | Sinclair Television Group Inc                                                    | CUSIP: 829259BF6<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $771490.00    | 0.03%             | 2032-12-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                                                            | Sinclair Television Group Inc                                                    | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |   1693000 | PA      | $1752204.21   | 0.07%             | 2033-02-15      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                                                 | Sirius XM Radio LLC                                                              | CUSIP: 82967NBA5<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   1146000 | PA      | $1146721.98   | 0.04%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO XVI, LTD.                                                          | Sixth Street CLO XX Ltd                                                          | CUSIP: 83012RAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3100250 | PA      | $1643048.79   | 0.06%             | 2038-07-17      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO XVI, LTD.                                                          | Sixth Street CLO VIII Ltd                                                        | CUSIP: 83012VAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3450000 | PA      | $3456806.85   | 0.13%             | 2034-10-20      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| SKYLINE CL A TR 2020 1                                                              | SKYLINE CL A TR 2020 1                                                           | CUSIP: 83084RAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    391487 | PA      | $370444.12    | 0.01%             | 2038-07-03      | Fixed         | 3.23%                 | No            |                  3 | On Loan: No      |
| SLAM LLC                                                                            | Slam Ltd                                                                         | CUSIP: 83100AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1983511 | PA      | $2010575.63   | 0.08%             | 2049-09-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| SMITHFIELD FOODS INC                                                                | Smithfield Foods Inc                                                             | CUSIP: 832248BB3<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5080.80      | 0.00%             | 2029-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                                            | Snap Inc                                                                         | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |   1258000 | PA      | $1291664.08   | 0.05%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                                                            | Snap Inc                                                                         | CUSIP: 83304AAM8<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |   1845000 | PA      | $1885903.65   | 0.07%             | 2034-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TTF Holdings LLC                                                                    | TTF Holdings LLC 2024 Term Loan                                                  | CUSIP: 83421EAB2<br>LEI: 254900IIAWXPGAIX2Q35 | Long             | LON              | CORP              | US        |   1522106 | PA      | $1156800.39   | 0.04%             | 2031-07-18      | Floating      | 7.79%                 | No            |                  2 | On Loan: No      |
| SOLRR Aircraft 2021-1 Limited                                                       | Lunar 2021-1 Structured Aircraft Portfolio Notes                                 | CUSIP: 83438LAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | IE        |   1331175 | PA      | $1276257.34   | 0.05%             | 2046-10-15      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| SONARSOURCE FINANCING LLC                                                           | SonarSource Financing LLC Term Loan                                              | CUSIP: 83541WAC5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1477685 | PA      | $1425965.55   | 0.05%             | 2030-12-19      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| Soundview Home Equity Loan Trust                                                    | Soundview Home Loan Trust 2007-OPT4                                              | CUSIP: 83613AAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    344416 | PA      | $257477.11    | 0.01%             | 2037-09-25      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| Soundview Home Equity Loan Trust                                                    | Soundview Home Loan Trust 2007-OPT2                                              | CUSIP: 83613DAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    211960 | PA      | $178502.88    | 0.01%             | 2037-07-25      | Floating      | 4.04%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds                             | Republic of South Africa Government International Bonds                          | CUSIP: 836205AY0<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    632000 | PA      | $651067.44    | 0.02%             | 2030-06-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa Government International Bonds                             | Republic of South Africa Government International Bonds                          | CUSIP: 836205BC7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    557000 | PA      | $571448.58    | 0.02%             | 2032-04-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| South Field LLC                                                                     | South Field LLC 2025 1st Lien Term Loan C                                        | CUSIP: 83783XAF3<br>LEI: 549300M3RBW5ZIH20760 | Long             | LON              | CORP              | US        |     21453 | PA      | $21604.56     | 0.00%             | 2031-08-29      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| South Field LLC                                                                     | South Field LLC 2025 1st Lien Term Loan B                                        | CUSIP: 83783XAG1<br>LEI: 549300M3RBW5ZIH20760 | Long             | LON              | CORP              | US        |    354946 | PA      | $357459.00    | 0.01%             | 2031-08-29      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                                                         | Southern Co/The                                                                  | CUSIP: 842587DJ3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4464810.00   | 0.17%             | 2051-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SOUTHERN NATURAL GAS                                                                | Southern Natural Gas Co LLC                                                      | CUSIP: 84346LAA8<br>LEI: 254900KDLS1X42SY7037 | Long             | DBT              | CORP              | US        |     65000 | PA      | $57021.25     | 0.00%             | 2047-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN ELEC POWER                                                             | Southwestern Electric Power Co                                                   | CUSIP: 845437BU5<br>LEI: R64UBJHEC74EB3HGQ410 | Long             | DBT              | CORP              | US        |    600000 | PA      | $614442.00    | 0.02%             | 2033-04-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| SPECTRUM BRANDS INC                                                                 | Spectrum Brands Inc                                                              | CUSIP: 84762LAX3<br>LEI: 549300VU3EH2E73C1Q04 | Long             | DBT              | CORP              | US        |   2814000 | PA      | $2287697.58   | 0.09%             | 2031-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SPRINT SPECTRUM / SPEC I                                                            | Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC  | CUSIP: 85208NAE0<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | US        |   1156950 | PA      | $1165129.64   | 0.04%             | 2028-03-20      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                                           | Block Inc                                                                        | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     51000 | PA      | $53010.93     | 0.00%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SREIT Trust                                                                         | SREIT Trust 2021-MFP2                                                            | CUSIP: 85236WCJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1060000 | PA      | $1060302.95   | 0.04%             | 2036-11-15      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| SREIT Trust                                                                         | SREIT Trust 2021-PALM                                                            | CUSIP: 85237AAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3860000 | PA      | $3860032.81   | 0.15%             | 2034-10-15      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| SREIT Trust                                                                         | SREIT Trust 2021-PALM                                                            | CUSIP: 85237AAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4100000 | PA      | $4100838.45   | 0.16%             | 2034-10-15      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                                                         | Staples Inc                                                                      | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |    821000 | PA      | $807420.66    | 0.03%             | 2029-09-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| STAR PARENT INC                                                                     | Star Parent Inc                                                                  | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |    810000 | PA      | $859442.40    | 0.03%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| SolarWinds Holdings Inc                                                             | SolarWinds Holdings Inc 2025 Term Loan                                           | CUSIP: 85554UAB0<br>LEI: 254900ZM34IBOK68V949 | Long             | LON              | CORP              | US        |   1465504 | PA      | $1362918.65   | 0.05%             | 2032-04-16      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| Station Casinos LLC                                                                 | Station Casinos LLC 2024 Term Loan B                                             | CUSIP: 85769EBB6<br>LEI: 5493004E7Q60TX54WL62 | Long             | LON              | CORP              | US        |    997462 | PA      | $999521.69    | 0.04%             | 2031-03-14      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Stratus CLO                                                                         | Stratus CLO 2021-3 Ltd                                                           | CUSIP: 86315XAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    975000 | PA      | $97.99        | 0.00%             | 2029-12-29      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| Structured Adjustable Rate Mortgage Loan Trust                                      | Structured Adjustable Rate Mortgage Loan Trust                                   | CUSIP: 86359BGF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       608 | PA      | $590.13       | 0.00%             | 2034-02-25      | Variable      | 6.14%                 | No            |                  2 | On Loan: No      |
| Lehman XS Trust                                                                     | Lehman XS Trust Series 2005-1                                                    | CUSIP: 86359DKV8<br>LEI: 549300FDK6ZP3YIHRJ47 | Long             | ABS-MBS          | CORP              | US        |     22367 | PA      | $23990.10     | 0.00%             | 2035-07-25      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| Structured Asset Mortgage Investments Inc                                           | Structured Asset Mortgage Investments II Trust 2006-AR2                          | CUSIP: 86359LSM2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7070 | PA      | $6679.46      | 0.00%             | 2036-02-25      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                                                                        | Stryker Corp                                                                     | CUSIP: 863667BK6<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |   1465000 | PA      | $1488029.80   | 0.06%             | 2028-02-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage Trust                                                  | STWD 2025-FL4 LLC                                                                | CUSIP: 863922AJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3500000 | PA      | $3502882.85   | 0.13%             | 2042-11-19      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| SUBURBAN PROPANE PARTNRS                                                            | Suburban Propane Partners LP/Suburban Energy Finance Corp                        | CUSIP: 864486AM7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4360000 | PA      | $4341034.00   | 0.17%             | 2035-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                                           | Sunoco LP                                                                        | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   4300000 | PA      | $4438976.00   | 0.17%             | 2030-09-18      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                                           | Sunoco LP                                                                        | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   1555000 | PA      | $1561639.85   | 0.06%             | 2034-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Surf Holdings LLC                                                                   | Surf Holdings LLC 2025 Incremental Term Loan                                     | CUSIP: 86875TAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1492110 | PA      | $1481575.98   | 0.06%             | 2027-03-05      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                                                              | Switch ABS Issuer LLC                                                            | CUSIP: 871044AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $402445.32    | 0.02%             | 2054-03-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                                                              | Switch ABS Issuer LLC                                                            | CUSIP: 871044AJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2350000 | PA      | $2435592.17   | 0.09%             | 2054-06-25      | Fixed         | 10.03%                | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                                                              | Switch ABS Issuer LLC                                                            | CUSIP: 871044AY9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3215000 | PA      | $3191490.96   | 0.12%             | 2055-10-25      | Fixed         | 6.24%                 | No            |                  2 | On Loan: No      |
| Star Parent Inc                                                                     | Star Parent Inc Term Loan B                                                      | CUSIP: 87169DAB1<br>LEI: 254900GRGCJYRMDRWT73 | Long             | LON              | CORP              | US        |    986896 | PA      | $988657.32    | 0.04%             | 2030-09-27      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| TCP Sunbelt Acquisition Co                                                          | TCP Sunbelt Acquisition Co 2024 Term Loan B                                      | CUSIP: 87233DAB3<br>LEI: 549300P5GYKSLPTV1Y23 | Long             | LON              | CORP              | US        |     44550 | PA      | $44745.13     | 0.00%             | 2031-10-24      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| TCW Central Cash Fund                                                               | TCW Central Cash Fund                                                            | CUSIP: 872365671<br>LEI: 2549003KPNUIFJCJM366 | Long             | EC               | RF                | US        | 135760997 | NS      | $135760996.72 | 5.21%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE USA INC                                                                    | T-Mobile USA Inc                                                                 | CUSIP: 87264ACB9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   6996000 | PA      | $6400430.52   | 0.25%             | 2031-02-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                                    | T-Mobile USA Inc                                                                 | CUSIP: 87264ADM4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $978520.00    | 0.04%             | 2035-01-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                                    | T-Mobile USA Inc                                                                 | CUSIP: 87264ADZ5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1286844.00   | 0.05%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance                                                             | TRTX 2025-FL7 Issuer Ltd                                                         | CUSIP: 87277LAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2999720.79   | 0.12%             | 2043-06-18      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance                                                             | TRTX 2025-FL7 Issuer Ltd                                                         | CUSIP: 87277LAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $999993.24    | 0.04%             | 2043-06-18      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance                                                             | TRTX 2025-FL7 Issuer Ltd                                                         | CUSIP: 87277LAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3125000 | PA      | $3118060.69   | 0.12%             | 2043-06-18      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| TACALA LLC                                                                          | Tacala LLC 2025 Repriced Term Loan B                                             | CUSIP: 87339PAE3<br>LEI: 549300XTM341KBSTDI88 | Long             | LON              | CORP              | US        |   1795547 | PA      | $1802280.35   | 0.07%             | 2031-01-31      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Taco Bell Funding, LLC                                                              | Taco Bell Funding LLC                                                            | CUSIP: 87342RAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    953025 | PA      | $931147.74    | 0.04%             | 2051-08-25      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Talen Energy Supply LLC                                                             | Talen Energy Supply LLC 2023 Term Loan B                                         | CUSIP: 87422LAV2<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | LON              | CORP              | US        |    993645 | PA      | $995418.73    | 0.04%             | 2030-05-17      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| TCW Private Asset Income Fund                                                       | TCW Private Asset Income Fund                                                    | CUSIP: 87807Y206<br>LEI: 254900JOZ7KOHWZ5ZD02 | Long             | EC               | RF                | US        |   6003636 | NS      | $60096395.00  | 2.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Technimark Holdings LLC                                                             | Technimark Holdings LLC 2024 Term Loan                                           | CUSIP: 87854HAD8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    778031 | PA      | $775844.49    | 0.03%             | 2031-04-14      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Tempo Acquisition LLC                                                               | Tempo Acquisition LLC 2025 Repriced Term Loan B                                  | CUSIP: 88023HAJ9<br>LEI: 549300VV0B2RPMHQGA61 | Long             | LON              | CORP              | US        |   1492481 | PA      | $1373911.02   | 0.05%             | 2028-08-31      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                               | Tenet Healthcare Corp                                                            | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1951501.50   | 0.07%             | 2027-11-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Terex Corporation                                                                   | Terex Corporation 2025 Term Loan                                                 | CUSIP: 88078FBQ0<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | LON              | CORP              | US        |    997494 | PA      | $1001438.82   | 0.04%             | 2031-10-08      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                                             | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAT8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    274000 | PA      | $287343.80    | 0.01%             | 2032-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FIN IV                                                                   | Teva Pharmaceutical Finance Netherlands IV BV                                    | CUSIP: 881937AA4<br>LEI: 549300GKSD1RG56QRY33 | Long             | DBT              | CORP              | NL        |    274000 | PA      | $283850.30    | 0.01%             | 2030-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TEXAS Commercial Mortgage Trust                                                     | TEXAS Commercial Mortgage Trust 2025-TWR                                         | CUSIP: 88231WAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1325000 | PA      | $1335038.20   | 0.05%             | 2042-04-15      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Company LLC                                                       | Vistra Operations Company LLC 1st Lien Term Loan B3                              | CUSIP: 88233FAK6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | LON              | CORP              | US        |   1008329 | PA      | $1011086.58   | 0.04%             | 2030-12-20      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers Limited                                                 | Textainer Marine Containers VII Ltd                                              | CUSIP: 88315LAN8<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | BM        |    465503 | PA      | $437243.81    | 0.02%             | 2046-02-20      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group Inc                                                            | Cloud Software Group Inc 2025 Term Loan B (2031)                                 | CUSIP: 88632NBK5<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |   1497500 | PA      | $1456318.75   | 0.06%             | 2031-03-21      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| TIME WARNER CABLE LLC                                                               | Time Warner Cable LLC                                                            | CUSIP: 88732JBB3<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |   1535000 | PA      | $1346578.75   | 0.05%             | 2041-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                           | Towd Point Mortgage Trust 2024-CES1                                              | CUSIP: 89183CAB1<br>LEI: 25490010CSYSAQU59J50 | Long             | ABS-MBS          | CORP              | US        |    634739 | PA      | $639747.83    | 0.02%             | 2064-01-25      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                       | TransDigm Inc                                                                    | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1665000 | PA      | $1697467.50   | 0.07%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                       | TransDigm Inc                                                                    | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1827000 | PA      | $1861895.70   | 0.07%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TransDigm Inc                                                                       | TransDigm Inc 2023 Term Loan J                                                   | CUSIP: 89364MCA0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    720295 | PA      | $720774.16    | 0.03%             | 2031-02-28      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| TransDigm Inc                                                                       | TransDigm Inc 2025 Term Loan M                                                   | CUSIP: 89364MCE2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   1462930 | PA      | $1463486.09   | 0.06%             | 2032-08-19      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| TransDigm Inc                                                                       | TransDigm Inc 2025 Term Loan K                                                   | CUSIP: 89364MCF9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    426128 | PA      | $426234.64    | 0.02%             | 2030-03-22      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| TRANSMONTAIGNE PARTNERS                                                             | TransMontaigne Partners LLC                                                      | CUSIP: 89377AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    650000 | PA      | $674901.50    | 0.03%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNTNL LTD                                                            | Transocean International Ltd                                                     | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    236250 | PA      | $246479.63    | 0.01%             | 2030-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN TITAN FIN LTD                                                            | Transocean Titan Financing Ltd                                                   | CUSIP: 89386MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    318952 | PA      | $325959.76    | 0.01%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Glatfelter Corp                                                                     | Glatfelter Corp Term Loan B                                                      | CUSIP: 89458XAB3<br>LEI: 549300LDQLQBT38QDY28 | Long             | LON              | CORP              | US        |    451989 | PA      | $448712.33    | 0.02%             | 2031-11-04      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| Tricon Residential                                                                  | Tricon Residential 2024-SFR4 Trust                                               | CUSIP: 895975AD2<br>LEI: 549300Z2X1L1L3MID765 | Long             | ABS-O            | CORP              | US        |   1480000 | PA      | $1482308.21   | 0.06%             | 2041-11-17      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Tricon Residential                                                                  | Tricon Residential 2021-SFR1 Trust                                               | CUSIP: 89614YAG1<br>LEI: 549300Z2X1L1L3MID765 | Long             | ABS-O            | CORP              | US        |   7900000 | PA      | $7832587.72   | 0.30%             | 2038-07-17      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| Tricon Residential                                                                  | Tricon Residential 2022-SFR1 Trust                                               | CUSIP: 89616QAF8<br>LEI: 549300Z2X1L1L3MID765 | Long             | ABS-O            | CORP              | US        |   1600000 | PA      | $1594405.76   | 0.06%             | 2039-04-17      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                                                                    | Trinitas CLO XXII Ltd                                                            | CUSIP: 89640HAU5<br>LEI: 254900Y31HLFEBSJXC19 | Long             | ABS-CBDO         | CORP              | BM        |   1740000 | PA      | $1760926.98   | 0.07%             | 2038-03-20      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| TripAdvisor Inc                                                                     | TripAdvisor Inc Term Loan                                                        | CUSIP: 89677NAE4<br>LEI: 549300XVG45PT5BART17 | Long             | LON              | CORP              | US        |   1003155 | PA      | $977137.84    | 0.04%             | 2031-07-08      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Primo Brands Corporation                                                            | Primo Brands Corporation 2025 Term Loan B                                        | CUSIP: 89678QAD8<br>LEI: 254900J0WS4AXV2LAX55 | Long             | LON              | CORP              | US        |   1489975 | PA      | $1492150.24   | 0.06%             | 2028-03-31      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Truist Bank Auto Credit-Linked Notes                                                | Truist Bank Auto Credit-Linked Notes Series 2025-1                               | CUSIP: 897926CC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1941882 | PA      | $1948392.01   | 0.07%             | 2033-09-26      | Fixed         | 6.81%                 | No            |                  2 | On Loan: No      |
| TUCSON ELECTRIC POWER CO                                                            | Tucson Electric Power Co                                                         | CUSIP: 898813AV2<br>LEI: YLF139GXSRKPBBTNZL03 | Long             | DBT              | CORP              | US        |    305000 | PA      | $294163.35    | 0.01%             | 2053-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| 1211 Avenue of the Americas Trust                                                   | 1211 Avenue of the Americas Trust 2015-1211                                      | CUSIP: 90117PAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2715000 | PA      | $2642373.75   | 0.10%             | 2035-08-10      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| 1211 Avenue of the Americas Trust                                                   | 1211 Avenue of the Americas Trust 2015-1211                                      | CUSIP: 90117PAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1080000 | PA      | $1022152.50   | 0.04%             | 2035-08-10      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| 1211 Avenue of the Americas Trust                                                   | 1211 Avenue of the Americas Trust 2015-1211                                      | CUSIP: 90117PAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4365000 | PA      | $4014163.13   | 0.15%             | 2035-08-10      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| X Corp.                                                                             | X Corp Term Loan                                                                 | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    828328 | PA      | $828241.26    | 0.03%             | 2029-10-26      | Floating      | 10.42%                | No            |                  2 | On Loan: No      |
| X Corp.                                                                             | X Corp 2025 Fixed Term Loan                                                      | CUSIP: 90184NAK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1041198 | PA      | $1079462.52   | 0.04%             | 2029-10-26      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Park Avenue Trust                                                                   | 245 Park Avenue Trust 2017-245P                                                  | CUSIP: 90187LAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4800000 | PA      | $4626745.44   | 0.18%             | 2037-06-05      | Variable      | 3.66%                 | No            |                  2 | On Loan: No      |
| 280 Park Avenue Mortgage Trust                                                      | 280 Park Avenue 2017-280P Mortgage Trust                                         | CUSIP: 90205FAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1700000 | PA      | $1692098.23   | 0.06%             | 2034-09-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| 280 Park Avenue Mortgage Trust                                                      | 280 Park Avenue 2017-280P Mortgage Trust                                         | CUSIP: 90205FAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4430280 | PA      | $4393989.36   | 0.17%             | 2034-09-15      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| TKO Worldwide Holdings LLC                                                          | TKO Worldwide Holdings LLC 2025 Term Loan                                        | CUSIP: 90266UAL7<br>LEI: 549300JEOTH7UMZ3C491 | Long             | LON              | CORP              | US        |    995000 | PA      | $998288.48    | 0.04%             | 2031-11-21      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                                                       | UBS Commercial Mortgage Trust 2017-C4                                            | CUSIP: 90276RBF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7743454 | PA      | $100168.54    | 0.00%             | 2050-10-15      | Variable      | 1.08%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                                                               | Uber Technologies Inc                                                            | CUSIP: 90353TAN0<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    700000 | PA      | $702380.00    | 0.03%             | 2030-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| U.S. Bank National Association                                                      | US Bank C&I Credit-Linked Notes Series 2025-2                                    | CUSIP: 90355PAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3976319 | PA      | $4005246.88   | 0.15%             | 2032-09-25      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| US FERTILITY ENTERPRISES LLC                                                        | US FERTILITY ENTERPRISES LLC 2025 TERM LOAN                                      | CUSIP: 90356EAG5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1302632 | PA      | $1311098.69   | 0.05%             | 2032-12-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| US FERTILITY ENTERPRISES LLC                                                        | US FERTILITY ENTERPRISES LLC 2025 DELAYED DRAW Term Loan                         | CUSIP: 90356EAH3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    197368 | PA      | $198651.31    | 0.01%             | 2032-12-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                                               | Mexico Government International Bonds                                            | CUSIP: 91087BAT7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   1293000 | PA      | $1239211.20   | 0.05%             | 2033-05-19      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                                               | Mexico Government International Bonds                                            | CUSIP: 91087BAV2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    610000 | PA      | $634668.40    | 0.02%             | 2035-02-09      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                                               | Mexico Government International Bond                                             | CUSIP: 91087BBL3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   2551000 | PA      | $2501434.07   | 0.10%             | 2035-09-22      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| United Natural Foods Inc                                                            | United Natural Foods Inc 2024 Term Loan                                          | CUSIP: 91116KAD7<br>LEI: 549300GKGW6WPZ282D40 | Long             | LON              | CORP              | US        |    984365 | PA      | $991949.35    | 0.04%             | 2031-05-01      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                          | US Bancorp                                                                       | CUSIP: 91159HJM3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5191500.00   | 0.20%             | 2029-06-12      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                          | US Bancorp                                                                       | CUSIP: 91159HJV3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2315002.50   | 0.09%             | 2031-05-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Notes                                                              | CUSIP: 91282CPJ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     49000 | PA      | $48000.86     | 0.00%             | 2035-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Notes                                                              | CUSIP: 91282CPW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 102192000 | PA      | $101942507.43 | 3.91%             | 2031-01-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                              | UnitedHealth Group Inc                                                           | CUSIP: 91324PFL1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3408685.00   | 0.13%             | 2054-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Unity-Peace Park CLO, Ltd.                                                          | Unity-Peace Park CLO Ltd                                                         | CUSIP: 913318AS0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   2800000 | PA      | $2803077.20   | 0.11%             | 2035-04-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                                            | Univision Communications Inc                                                     | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     55000 | PA      | $57444.75     | 0.00%             | 2031-07-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| VB-S1 Issuer LLC                                                                    | VB-S1 Issuer LLC - VBTEL                                                         | CUSIP: 91823ABA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2075000 | PA      | $2052786.71   | 0.08%             | 2052-02-15      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| VCAT Asset Securitization, LLC                                                      | VCAT 2026-NPL1 LLC                                                               | CUSIP: 91825GAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6315000 | PA      | $6330065.70   | 0.24%             | 2056-01-25      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| VNO Mortgage Trust                                                                  | VNDO Trust 2016-350P                                                             | CUSIP: 91831UAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1060000 | PA      | $1047030.16   | 0.04%             | 2035-01-10      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| VT Topco Inc                                                                        | VT Topco Inc 2024 1st Lien Term Loan B                                           | CUSIP: 91838LAK6<br>LEI: 5493007T812R37X02Y38 | Long             | LON              | CORP              | US        |    994962 | PA      | $968531.05    | 0.04%             | 2030-08-09      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| VT TOPCO INC                                                                        | VT Topco Inc                                                                     | CUSIP: 91838PAA9<br>LEI: 5493007T812R37X02Y38 | Long             | DBT              | CORP              | US        |   1965000 | PA      | $2012828.10   | 0.08%             | 2030-08-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV                                                             | VZ Secured Financing BV                                                          | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |   1475000 | PA      | $1334063.75   | 0.05%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VALVOLINE INC                                                                       | Valvoline Inc Term Loan B                                                        | CUSIP: 92048DAF9<br>LEI: 549300CMHPBEY6VPOT75 | Long             | LON              | CORP              | US        |    659040 | PA      | $663366.65    | 0.03%             | 2032-12-01      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Vault DI Issuer LLC                                                                 | Vault DI Issuer LLC                                                              | CUSIP: 92243JAA0<br>LEI: 254900OCNWBALNF55H80 | Long             | ABS-O            | CORP              | US        |   1700000 | PA      | $1680554.21   | 0.06%             | 2046-07-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                                               | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    128000 | PA      | $133022.72    | 0.01%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                                               | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   1224000 | PA      | $1284086.16   | 0.05%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                                            | Venture Global Calcasieu Pass LLC                                                | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    580000 | PA      | $535653.20    | 0.02%             | 2031-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                                            | Venture Global Calcasieu Pass LLC                                                | CUSIP: 92328MAC7<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    750000 | PA      | $652762.50    | 0.03%             | 2033-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                              | Venture Global LNG Inc                                                           | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    922000 | PA      | $976444.10    | 0.04%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                              | Venture Global LNG Inc                                                           | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   4255000 | PA      | $3750484.65   | 0.14%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Veritiv Corporation                                                                 | Veritiv Corporation Term Loan B                                                  | CUSIP: 92338TAB2<br>LEI: 5493004G8OK5L1UTIY12 | Long             | LON              | CORP              | US        |    563830 | PA      | $553328.50    | 0.02%             | 2030-12-02      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| VERITIV OPERATING CO                                                                | Veritiv Operating Co                                                             | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |     49000 | PA      | $52547.60     | 0.00%             | 2030-11-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust 2025-INV1                                             | CUSIP: 924929AG7<br>LEI: 213800YO7QOQOFRSRN78 | Long             | ABS-MBS          | CORP              | US        |   1750000 | PA      | $1772558.55   | 0.07%             | 2070-02-25      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust 2025-7                                                | CUSIP: 924931AH1<br>LEI: 213800OVCAXDOBS94P47 | Long             | ABS-MBS          | CORP              | US        |   4144000 | PA      | $4181046.95   | 0.16%             | 2070-08-25      | Variable      | 5.82%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust 2022-2                                                | CUSIP: 92538XAB1<br>LEI: 213800278TKDEXPH6140 | Long             | ABS-MBS          | CORP              | US        |    784387 | PA      | $753317.70    | 0.03%             | 2067-02-25      | Variable      | 4.26%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust 2023-1                                                | CUSIP: 92539BAE2<br>LEI: 213800278TKDEXPH6140 | Long             | ABS-MBS          | CORP              | US        |   1150000 | PA      | $1146991.72   | 0.04%             | 2067-12-25      | Variable      | 6.84%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust 2023-INV1                                             | CUSIP: 92539FAE3<br>LEI: 213800278TKDEXPH6140 | Long             | ABS-MBS          | CORP              | US        |   1120000 | PA      | $1116441.76   | 0.04%             | 2068-02-25      | Variable      | 7.44%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust 2024-INV1                                             | CUSIP: 92540FAF7<br>LEI: 9845000FE754F4AE7E70 | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3046026.30   | 0.12%             | 2069-03-25      | Variable      | 8.45%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust 2024-INV2                                             | CUSIP: 92540NAF0<br>LEI: 2138002Y4WGHSN8NFF24 | Long             | ABS-MBS          | CORP              | US        |    550000 | PA      | $554715.15    | 0.02%             | 2069-08-26      | Variable      | 7.95%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                                                              | VICI Properties LP / VICI Note Co Inc                                            | CUSIP: 92564RAJ4<br>LEI: N/A                  | Long             | DBT              |  | US        |     65000 | PA      | $65688.35     | 0.00%             | 2027-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                                                              | VICI Properties LP / VICI Note Co Inc                                            | CUSIP: 92564RAL9<br>LEI: N/A                  | Long             | DBT              |  | US        |     30000 | PA      | $29481.00     | 0.00%             | 2029-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDI O2 VI DAC                                                               | Virgin Media O2 Vendor Financing Notes VI DAC                                    | CUSIP: 92769UAA9<br>LEI: 9845001E591J5060A412 | Long             | DBT              | CORP              | IE        |   1285000 | PA      | $1276017.85   | 0.05%             | 2033-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                                                            | Virgin Media Secured Finance PLC                                                 | CUSIP: 92769XAP0<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |   1842000 | PA      | $1819306.56   | 0.07%             | 2029-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Visio Trust                                                                         | Visio 2023-1 Trust                                                               | CUSIP: 927958AE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $898668.27    | 0.03%             | 2058-03-25      | Variable      | 7.81%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Trust                                                    | Vista Point Securitization Trust Series 2024-CES2                                | CUSIP: 92841YAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2060000 | PA      | $2085853.00   | 0.08%             | 2054-10-25      | Variable      | 5.91%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Trust                                                    | Vista Point Securitization Trust Series 2024-CES2                                | CUSIP: 92841YAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1018818.40   | 0.04%             | 2054-10-25      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                                                                    | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |     69000 | PA      | $63184.68     | 0.00%             | 2031-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                            | Volkswagen Group of America Finance LLC                                          | CUSIP: 928668CR1<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72664.90     | 0.00%             | 2032-03-25      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRUST                                                    | WFRBS Commercial Mortgage Trust 2014-C22                                         | CUSIP: 92890KBD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    190111 | PA      | $21.14        | 0.00%             | 2057-09-15      | Variable      | 0.27%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRUST                                                    | WFRBS Commercial Mortgage Trust 2012-C10                                         | CUSIP: 92890NAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  37880485 | PA      | $465.93       | 0.00%             | 2045-12-15      | Variable      | 0.33%                 | No            |                  2 | On Loan: No      |
| Liquid Tech Solutions LLC                                                           | Liquid Tech Solutions LLC 2025 Delayed Draw Term Loan                            | CUSIP: 92917SAH0<br>LEI: 254900OC60TKLQ1KX067 | Long             | LON              | CORP              | US        |    139319 | PA      | $139318.89    | 0.01%             | 2032-10-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Liquid Tech Solutions LLC                                                           | Liquid Tech Solutions LLC 2025 Term Loan                                         | CUSIP: 92917SAJ6<br>LEI: 254900OC60TKLQ1KX067 | Long             | LON              | CORP              | US        |   1360681 | PA      | $1360681.11   | 0.05%             | 2032-10-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                                                        | Voya CLO 2019-4 Ltd                                                              | CUSIP: 92917UAE2<br>LEI: 254900MS3D9HONB0N824 | Long             | ABS-CBDO         | CORP              | KY        |   1351000 | PA      | $1357084.90   | 0.05%             | 2035-01-15      | Floating      | 10.64%                | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                                                                  | Voyager Parent LLC                                                               | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |    803000 | PA      | $854319.73    | 0.03%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                                                                  | Voyager Parent LLC Repriced Term Loan B                                          | CUSIP: 92921HAD7<br>LEI: 2549002DYVI4ACSV4V71 | Long             | LON              | CORP              | US        |   1427487 | PA      | $1427579.36   | 0.05%             | 2032-07-01      | Floating      | 7.91%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                                                | WR Grace Holdings LLC                                                            | CUSIP: 92943GAA9<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |     63000 | PA      | $60378.57     | 0.00%             | 2029-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                                                | WR Grace Holdings LLC                                                            | CUSIP: 92943GAE1<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    882000 | PA      | $900945.36    | 0.03%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                                                | WR Grace Holdings LLC                                                            | CUSIP: 92943GAH4<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    500000 | PA      | $501060.00    | 0.02%             | 2033-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WEC US Holdings Ltd                                                                 | WEC US Holdings Ltd 2024 Term Loan                                               | CUSIP: 92943LAC4<br>LEI: 5493002M6GRSU1IWMG57 | Long             | LON              | CORP              | US        |   1608176 | PA      | $1608545.51   | 0.06%             | 2031-01-27      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Waikiki Beach Hotel Trust                                                           | WBHT Commercial Mortgage Trust 2025-WBM                                          | CUSIP: 92943QAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2650000 | PA      | $2660368.66   | 0.10%             | 2042-06-15      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| WBI OPERATING LLC                                                                   | WBI Operating LLC                                                                | CUSIP: 92944BAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    480000 | PA      | $484804.80    | 0.02%             | 2033-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LUXCO3 SHARES                                                                       | LUXCO3 SHARES                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |      5862 | NS      | $112680.66    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NCFA LLC LOAN PARTICIPATION 3                                                       | NCFA LLC LOAN PARTICIPATION 3                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1900000.00   | 0.07%             | 2030-04-11      | Variable      | 7.90%                 | No            |                  3 | On Loan: No      |
| Washington Mutual Mortgage Pass-Through CTFS                                        | Washington Mutual Mortgage Pass-Through Certificates WMALT Series 2006-2 Trust   | CUSIP: 93934FLW0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     16983 | PA      | $16873.97     | 0.00%             | 2036-03-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Washington Mutual Mortgage Pass-Through CTFS                                        | Washington Mutual Mortgage Pass-Through Certificates WMALT Series 2006-AR3 Trust | CUSIP: 93934FQU9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5354366 | PA      | $242372.88    | 0.01%             | 2046-05-25      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| WatchGuard Technologies Inc                                                         | WatchGuard Technologies Inc Term Loan                                            | CUSIP: 94110LAB9<br>LEI: 549300H8HK7HR0EWNZ91 | Long             | LON              | CORP              | US        |   1497423 | PA      | $1499294.46   | 0.06%             | 2029-07-02      | Floating      | 8.92%                 | No            |                  2 | On Loan: No      |
| Element Materials Technology Group US Holdings Inc                                  | Element Materials Technology Group US Holdings Inc 2022 USD Term Loan            | CUSIP: 000000000<br>LEI: 213800EGOJGGUKUGEZ30 | Long             | LON              | CORP              | US        |    246956 | PA      | $248294.66    | 0.01%             | 2029-07-06      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Securities Trust                                        | Wells Fargo Mortgage Backed Securities 2006-AR4 Trust                            | CUSIP: 94983PAC2<br>LEI: 549300EZH20KSD9JD814 | Long             | ABS-MBS          | CORP              | US        |      4320 | PA      | $4289.99      | 0.00%             | 2036-04-25      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Securities Trust                                        | Wells Fargo Mortgage Backed Securities 2006-AR14 Trust                           | CUSIP: 94984MAP9<br>LEI: 549300EZH20KSD9JD814 | Long             | ABS-MBS          | CORP              | US        |     21971 | PA      | $20263.55     | 0.00%             | 2036-10-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Alternative Loan Trust                                                  | Wells Fargo Alternative Loan 2007-PA2 Trust                                      | CUSIP: 94985FAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    141041 | PA      | $129987.58    | 0.00%             | 2037-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Securities Trust                                        | Wells Fargo Mortgage Backed Securities 2007-7 Trust                              | CUSIP: 94985JAA8<br>LEI: 549300EZH20KSD9JD814 | Long             | ABS-MBS          | CORP              | US        |   1178913 | PA      | $1108546.59   | 0.04%             | 2037-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                               | Wells Fargo Commercial Mortgage Trust 2015-LC20                                  | CUSIP: 94989EAQ0<br>LEI: 549300W6NRTMFPYUPG47 | Long             | ABS-MBS          | CORP              | US        |    415000 | PA      | $11664.86     | 0.00%             | 2050-04-15      | Variable      | 2.11%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Alternative Loan Trust                                                  | Wells Fargo Alternative Loan 2007-PA5 Trust                                      | CUSIP: 949922AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    249099 | PA      | $215059.49    | 0.01%             | 2037-11-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                               | Wells Fargo Commercial Mortgage Trust 2016-C34                                   | CUSIP: 95000DBG5<br>LEI: 549300FWFHJGIW2B2U59 | Long             | ABS-MBS          | CORP              | US        |   3811347 | PA      | $215.72       | 0.00%             | 2049-06-15      | Variable      | 1.99%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                               | Wells Fargo & Co                                                                 | CUSIP: 95000U2G7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4763700.00   | 0.18%             | 2030-10-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                               | Wells Fargo & Co                                                                 | CUSIP: 95000U2J1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3440000 | PA      | $3213751.20   | 0.12%             | 2031-02-11      | Floating      | 2.57%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                               | Wells Fargo & Co                                                                 | CUSIP: 95000U2S1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    460000 | PA      | $450491.80    | 0.02%             | 2028-06-02      | Floating      | 2.39%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                               | Wells Fargo & Co                                                                 | CUSIP: 95000U2U6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2835000 | PA      | $2643921.00   | 0.10%             | 2033-03-02      | Floating      | 3.35%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                               | Wells Fargo & Co                                                                 | CUSIP: 95000U3K7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    225000 | PA      | $233498.25    | 0.01%             | 2035-01-23      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                               | Wells Fargo Commercial Mortgage Trust 2018-C47                                   | CUSIP: 95002DBR9<br>LEI: 549300VHRKFNCWVN9Y77 | Long             | ABS-MBS          | CORP              | US        |   1100000 | PA      | $1096967.19   | 0.04%             | 2061-09-15      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                               | Wells Fargo Commercial Mortgage Trust 2021-SAVE                                  | CUSIP: 95003LAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1920000 | PA      | $1925567.62   | 0.07%             | 2040-02-15      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                               | Wells Fargo Commercial Mortgage Trust 2024-5C1                                   | CUSIP: 95003VAH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    847000 | PA      | $869810.22    | 0.03%             | 2057-07-15      | Variable      | 6.80%                 | No            |                  2 | On Loan: No      |
| AOYUAN NEW SHARES                                                                   | AOYUAN NEW SHARES                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     30741 | NS      | $354.15       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RESEARCH NOW GROUP, LLC                                                             | RESEARCH NOW GROUP, LLC                                                          | CUSIP: 000000000<br>LEI: 549300XTHJNIVC5Q8K50 | Long             | EC               | CORP              | US        |       506 | NS      | $3415.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NCFA1                                                                               | NCFA1                                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2008077 | PA      | $2008077.25   | 0.08%             | 2028-06-12      | Fixed         | 2.75%                 | No            |                  3 | On Loan: No      |
| MODIVCARE                                                                           | MODIVCARE                                                                        | CUSIP: 000000000<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | EC               | CORP              | US        |     71577 | NS      | $477168.07    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Western Funding Auto Loan Trust                                                     | Western Funding Auto Loan Trust 2025-1                                           | CUSIP: 958250AD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2543169.25   | 0.10%             | 2036-01-15      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| LOAN PARTICIPATION 2                                                                | LOAN PARTICIPATION 2                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3127509 | PA      | $3127508.93   | 0.12%             | 2027-12-19      | Fixed         | 3.14%                 | No            |                  3 | On Loan: No      |
| Whetstone Park CLO Ltd                                                              | Whetstone Park CLO Ltd                                                           | CUSIP: 96330AAC0<br>LEI: 549300M54M5QSBMB3780 | Long             | ABS-CBDO         | CORP              | KY        |   2180000 | PA      | $623113.76    | 0.02%             | 2035-01-20      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| NOMURA CORPORATE FUNDING AMERI                                                      | NOMURA CORPORATE FUNDING AMERI                                                   | CUSIP: 000000000<br>LEI: 549300SALVA4F9X8OO86 | Long             | DBT              | CORP              | US        |   3272889 | PA      | $3265688.55   | 0.13%             | 2026-10-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES/ESCR                                                            | Windstream Services LLC / Windstream Escrow Finance Corp                         | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    417000 | PA      | $437799.96    | 0.02%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Wingstop Funding LLC                                                                | Wingstop Funding LLC                                                             | CUSIP: 974153AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1477500 | PA      | $1434243.53   | 0.06%             | 2050-12-05      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| Wireless PropCo Funding LLC                                                         | Wireless PropCo Funding LLC                                                      | CUSIP: 97655EAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2250000 | PA      | $2299476.38   | 0.09%             | 2055-06-25      | Fixed         | 8.51%                 | No            |                  2 | On Loan: No      |
| Wyndham Hotels & Resorts Inc                                                        | Wyndham Hotels & Resorts Inc 2024 Term Loan                                      | CUSIP: 98310CAF9<br>LEI: 549300FE3MQ4RVXXC673 | Long             | LON              | CORP              | US        |    997468 | PA      | $1001024.32   | 0.04%             | 2030-05-24      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                                                            | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                             | CUSIP: 983133AD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $56075.25     | 0.00%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Xerox Holdings Corp                                                                 | Xerox Holdings Corp 2023 Term Loan B                                             | CUSIP: 98415LAY2<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | LON              | CORP              | US        |   3415999 | PA      | $2660806.81   | 0.10%             | 2029-11-19      | Floating      | 7.73%                 | No            |                  2 | On Loan: No      |
| XPLOR T1 LLC                                                                        | XPLOR T1 LLC 2025 Term Loan                                                      | CUSIP: 98423DAF1<br>LEI: 254900GF3CVSREM2EJ05 | Long             | LON              | CORP              | US        |    997500 | PA      | $980043.75    | 0.04%             | 2032-12-01      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| YEOMAN CAP S A                                                                      | YEOMAN CAP S A                                                                   | CUSIP: 985923101<br>LEI: 549300ORV6YW6ESSNQ21 | Long             | EC               | CORP              | LU        |     32376 | NS      | $238773.00    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                                                       | ZF North America Capital Inc                                                     | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    760000 | PA      | $759642.80    | 0.03%             | 2032-04-23      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                                                       | ZF North America Capital Inc                                                     | CUSIP: 98877DAH8<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1384263.00   | 0.05%             | 2031-03-24      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                                                             | Zayo Group Holdings Inc                                                          | CUSIP: 98919VAC9<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |   1606811 | PA      | $1569886.48   | 0.06%             | 2030-03-09      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Zayo Group Holdings Inc                                                             | Zayo Group Holdings Inc 2025 USD Term Loan                                       | CUSIP: 98919XAH4<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |    439883 | PA      | $424150.31    | 0.02%             | 2030-03-11      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| ZIGGO BOND CO BV                                                                    | Ziggo Bond Co BV                                                                 | CUSIP: 98953GAD7<br>LEI: 213800JYI4P7V5QDOG59 | Long             | DBT              | CORP              | NL        |     53000 | PA      | $47003.05     | 0.00%             | 2030-02-28      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ZIPRECRUITER INC                                                                    | ZipRecruiter Inc                                                                 | CUSIP: 98980BAA1<br>LEI: 549300HLOVNNFCY2IV80 | Long             | DBT              | CORP              | US        |     59000 | PA      | $41000.87     | 0.00%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ZI TECH LLC/ZI FIN CORP                                                             | ZoomInfo Technologies LLC/ZoomInfo Finance Corp                                  | CUSIP: 98981BAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    282000 | PA      | $257900.28    | 0.01%             | 2029-02-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WORLDLINE SA/FRANCE                                                                 | Worldline SA/France                                                              | CUSIP: 000000000<br>LEI: 549300CJMQNCA0U4TS33 | Long             | DBT              | CORP              | FR        |    958643 | PA      | $1137861.33   | 0.04%             | 2026-07-30      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| PACIFIC NATIONAL FINANCE                                                            | Pacific National Finance Pty Ltd                                                 | CUSIP: 000000000<br>LEI: 213800SSTRDXLWWVF948 | Long             | DBT              | CORP              | AU        |   1650000 | PA      | $1057484.76   | 0.04%             | 2029-09-24      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| DIGITAL DUTCH FINCO BV                                                              | Digital Dutch Finco BV                                                           | CUSIP: 000000000<br>LEI: 549300ONZ5IS6B6IMJ70 | Long             | DBT              |  | NL        |    220000 | PA      | $235622.36    | 0.01%             | 2031-02-01      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| TREASURY CORP VICTORIA                                                              | Treasury Corp of Victoria                                                        | CUSIP: 000000000<br>LEI: 549300ZJM7BQW1P9UV75 | Long             | DBT              | NUSS              | AU        |   2415000 | PA      | $1164382.42   | 0.04%             | 2037-11-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AURIZON NETWORK PTY LTD                                                             | Aurizon Network Pty Ltd                                                          | CUSIP: 000000000<br>LEI: 549300FNL9A7DVZKZ444 | Long             | DBT              | CORP              | AU        |   1700000 | PA      | $1053577.88   | 0.04%             | 2030-09-02      | Fixed         | 2.90%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL SWITCH FINANCE                                                               | Global Switch Finance BV                                                         | CUSIP: 000000000<br>LEI: 635400GVJAKOJNEUMF33 | Long             | DBT              | CORP              | NL        |    725000 | PA      | $810711.83    | 0.03%             | 2030-10-07      | Fixed         | 1.38%                 | Yes           |                  2 | On Loan: No      |
| VEOLIA ENVIRONNEMENT SA                                                             | Veolia Environnement SA                                                          | CUSIP: 000000000<br>LEI: 969500LENY69X51OOT31 | Long             | DBT              | CORP              | FR        |    800000 | PA      | $922401.09    | 0.04%             | 2029-01-20      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| CINEWORLD WARRANTS WTS                                                              | CINEWORLD WARRANTS WTS                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | GB        |    152713 | NS      | $2.09         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Last Mile Securities                                                                | Last Mile Securities PE 2021 DAC                                                 | CUSIP: 000000000<br>LEI: 635400UJZKP57EXKMQ33 | Long             | ABS-MBS          | CORP              | IE        |   1199753 | PA      | $1422442.42   | 0.05%             | 2031-08-17      | Floating      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Last Mile Securities                                                                | Last Mile Securities PE 2021 DAC                                                 | CUSIP: 000000000<br>LEI: 635400UJZKP57EXKMQ33 | Long             | ABS-MBS          | CORP              | IE        |    754845 | PA      | $894431.71    | 0.03%             | 2031-08-17      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| DWR CYMRU FINANCING UK                                                              | DWR Cymru Financing UK PLC                                                       | CUSIP: 000000000<br>LEI: 213800GDOFO2ED5PNC85 | Long             | DBT              | CORP              | GB        |   2130000 | PA      | $2244639.42   | 0.09%             | 2034-03-31      | Fixed         | 2.38%                 | Yes           |                  2 | On Loan: No      |
| BLACKSTONE PP EUR HOLD                                                              | Blackstone Property Partners Europe Holdings Sarl                                | CUSIP: 000000000<br>LEI: 213800Y3B5GQFBGVHP79 | Long             | DBT              | CORP              | LU        |    195000 | PA      | $221920.55    | 0.01%             | 2028-05-04      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| Last Mile Logistics Pan Euro Finance DAC                                            | Last Mile Logistics Pan Euro Finance DAC                                         | CUSIP: 000000000<br>LEI: 635400NOPX1IKIAX7N90 | Long             | ABS-MBS          | CORP              | IE        |   2405548 | PA      | $2853456.59   | 0.11%             | 2033-08-17      | Floating      | 3.96%                 | Yes           |                  2 | On Loan: No      |
| Last Mile Logistics Pan Euro Finance DAC                                            | Last Mile Logistics Pan Euro Finance DAC                                         | CUSIP: 000000000<br>LEI: 635400NOPX1IKIAX7N90 | Long             | ABS-MBS          | CORP              | IE        |   1004439 | PA      | $1190292.14   | 0.05%             | 2033-08-17      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Last Mile Logistics Pan Euro Finance DAC                                            | Last Mile Logistics Pan Euro Finance DAC                                         | CUSIP: 000000000<br>LEI: 635400NOPX1IKIAX7N90 | Long             | ABS-MBS          | CORP              | IE        |    490928 | PA      | $578911.15    | 0.02%             | 2033-08-17      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| VONOVIA SE                                                                          | Vonovia SE                                                                       | CUSIP: 000000000<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $99440.16     | 0.00%             | 2032-09-01      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| BCP MODULAR SERVICES                                                                | BCP V Modular Services Finance II PLC                                            | CUSIP: 000000000<br>LEI: 213800227GGD6UI7PI97 | Long             | DBT              | CORP              | GB        |    670000 | PA      | $768174.67    | 0.03%             | 2028-11-30      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| SUEZ                                                                                | Suez SACA                                                                        | CUSIP: 000000000<br>LEI: 5493007LKZ37MXEN5D79 | Long             | DBT              | CORP              | FR        |   1300000 | PA      | $1444105.43   | 0.06%             | 2034-05-24      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| EUROGRID GMBH                                                                       | Eurogrid GmbH                                                                    | CUSIP: 000000000<br>LEI: 967600Q53854Z2NBCC81 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $237975.52    | 0.01%             | 2031-09-05      | Fixed         | 3.28%                 | Yes           |                  2 | On Loan: No      |
| NATL GAS TRANSMISSION                                                               | National Gas Transmission PLC                                                    | CUSIP: 000000000<br>LEI: FPCHGTHKVH9ZWXS7S453 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $247730.94    | 0.01%             | 2030-04-05      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| MONITCHEM HOLDCO 3 S.A.                                                             | Monitchem HoldCo 3 SA                                                            | CUSIP: 000000000<br>LEI: 222100SJHJ1CNJMSW162 | Long             | DBT              | CORP              | LU        |    500000 | PA      | $601144.10    | 0.02%             | 2028-05-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| ROBERT BOSCH GMBH                                                                   | Robert Bosch GmbH                                                                | CUSIP: 000000000<br>LEI: 529900F0LT5OP4SV6122 | Long             | DBT              | CORP              | DE        |    600000 | PA      | $708948.09    | 0.03%             | 2043-06-02      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Heathrow Funding Ltd.                                                               | Heathrow Funding Ltd.                                                            | CUSIP: 000000000<br>LEI: 7TI96JO3DYEIQWZ7Z726 | Long             | DBT              | CORP              | JE        |    865000 | PA      | $1086385.61   | 0.04%             | 2033-07-11      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| VOLKSWAGEN INTL FIN NV                                                              | Volkswagen International Finance NV                                              | CUSIP: 000000000<br>LEI: 5299004PWNHKYTR23649 | Long             | DBT              | CORP              | NL        |   1200000 | PA      | $1664899.31   | 0.06%             | 2032-09-06      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| SARTORIUS FINANCE BV                                                                | Sartorius Finance BV                                                             | CUSIP: 000000000<br>LEI: 529900JCAKTMRXK9EA58 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $124598.02    | 0.00%             | 2032-09-14      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| SARTORIUS FINANCE BV                                                                | Sartorius Finance BV                                                             | CUSIP: 000000000<br>LEI: 529900JCAKTMRXK9EA58 | Long             | DBT              | CORP              | NL        |   1600000 | PA      | $2026340.84   | 0.08%             | 2035-09-14      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| RAC BOND CO PLC                                                                     | RAC Bond Co PLC                                                                  | CUSIP: 000000000<br>LEI: 2138008FCM2SUNLC7B21 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $148303.18    | 0.01%             | 2028-11-06      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| DAVIDE CAMPARI-MILANO SP                                                            | Davide Campari-Milano NV                                                         | CUSIP: 000000000<br>LEI: 213800ED5AN2J56N6Z02 | Long             | DBT              | CORP              | NL        |   1500000 | PA      | $1746357.72   | 0.07%             | 2029-01-17      | Fixed         | 2.38%                 | Yes           |                  2 | On Loan: No      |
| UNITED UTILITIES WAT FIN                                                            | United Utilities Water Finance PLC                                               | CUSIP: 000000000<br>LEI: 213800313INX42GDLR44 | Long             | DBT              | CORP              | GB        |    420000 | PA      | $499683.87    | 0.02%             | 2034-05-23      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| MVM ENERGETIKA ZRT                                                                  | MVM Energetika Zrt                                                               | CUSIP: 000000000<br>LEI: 529900ELI5AQ9F74PF85 | Long             | DBT              | CORP              | HU        |    400000 | PA      | $422764.00    | 0.02%             | 2031-03-13      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| SYDNEY AIRPORT FINANCE                                                              | Sydney Airport Finance Co Pty Ltd                                                | CUSIP: 000000000<br>LEI: 549300MJAANHLHOVTO40 | Long             | DBT              | CORP              | AU        |    750000 | PA      | $528049.34    | 0.02%             | 2034-04-19      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                                                                | Flutter Treasury DAC                                                             | CUSIP: 000000000<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    100000 | PA      | $122018.70    | 0.00%             | 2029-04-29      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                                                          | Grifols SA                                                                       | CUSIP: 000000000<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |    827000 | PA      | $1026798.56   | 0.04%             | 2030-05-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| WP CAREY INC                                                                        | WP Carey Inc                                                                     | CUSIP: 000000000<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              |  | US        |    200000 | PA      | $245360.25    | 0.01%             | 2032-07-23      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AMPRION GMBH                                                                        | Amprion GmbH                                                                     | CUSIP: 000000000<br>LEI: 529900ZIV0ETYHYZM863 | Long             | DBT              | CORP              | DE        |    100000 | PA      | $112219.41    | 0.00%             | 2044-05-21      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Vantage Data Centers Jersey Borrower SPV Limited                                    | Vantage Data Centers Jersey Borrower Spv Ltd                                     | CUSIP: 000000000<br>LEI: 213800S5S638C9IBQ379 | Long             | ABS-O            | CORP              | JE        |   1550000 | PA      | $2171941.09   | 0.08%             | 2039-05-28      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| REDEXIS SA                                                                          | Redexis SA                                                                       | CUSIP: 000000000<br>LEI: 635400DYWVUY8IC5MR90 | Long             | DBT              | CORP              | ES        |    600000 | PA      | $732958.53    | 0.03%             | 2031-05-30      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| ELIA GROUP SA/NV                                                                    | Elia Group SA/NV                                                                 | CUSIP: 000000000<br>LEI: 549300S1MP1NFDIKT460 | Long             | DBT              | CORP              | BE        |    100000 | PA      | $121416.54    | 0.00%             | 2031-06-11      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                                            | Electricite de France SA                                                         | CUSIP: 000000000<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |   3100000 | PA      | $3705339.88   | 0.14%             | 2044-06-17      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| TURKIYE GOVERNMENT BOND                                                             | Turkiye Government Bond                                                          | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        | 487500000 | PA      | $11399475.71  | 0.44%             | 2026-08-12      | Fixed         | 36.00%                | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                                            | Electricite de France SA                                                         | CUSIP: 000000000<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    300000 | PA      | $430603.43    | 0.02%             | 2035-06-17      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| YORKSHIRE WATER FINANCE                                                             | Yorkshire Water Finance PLC                                                      | CUSIP: 000000000<br>LEI: 213800O8BDOGHJMTCP32 | Long             | DBT              | CORP              | GB        |   1550000 | PA      | $2196660.68   | 0.08%             | 2034-11-18      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Romania Government International Bonds                                              | Romania Government International Bonds                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   1900000 | PA      | $1887118.00   | 0.07%             | 2035-03-24      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Arbour CLO                                                                          | Arbour CLO VI DAC                                                                | CUSIP: 000000000<br>LEI: 635400HEJB8VLV1GBH66 | Long             | ABS-CBDO         | CORP              | IE        |   1500000 | PA      | $1782072.89   | 0.07%             | 2037-11-15      | Floating      | 3.96%                 | No            |                  2 | On Loan: No      |
| Palmer Square European Loan Funding 2020-1 DAC                                      | Palmer Square European Loan Funding 2024-3 DAC                                   | CUSIP: 000000000<br>LEI: 254900IYUKLJNYNCCC63 | Long             | ABS-CBDO         | CORP              | IE        |   1400000 | PA      | $1667363.65   | 0.06%             | 2034-05-15      | Floating      | 3.91%                 | No            |                  2 | On Loan: No      |
| Arbour CLO                                                                          | Arbour Clo VII DAC                                                               | CUSIP: 000000000<br>LEI: 635400S59B1EE8UDJW07 | Long             | ABS-CBDO         | CORP              | IE        |   1350000 | PA      | $1609423.17   | 0.06%             | 2038-12-15      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| EQUINIX EU 2 FINANCING C                                                            | Equinix Europe 2 Financing Corp LLC                                              | CUSIP: 000000000<br>LEI: 254900FSZR46BPMCKI50 | Long             | DBT              |  | US        |    490000 | PA      | $565481.79    | 0.02%             | 2034-11-22      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| LA FRANCAISE DES JEUX SA                                                            | La Francaise des Jeux SACA                                                       | CUSIP: 000000000<br>LEI: 969500R4CLSQFTYYI535 | Long             | DBT              | CORP              | FR        |   1000000 | PA      | $1167012.20   | 0.04%             | 2033-11-21      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| UK Logisitics                                                                       | UK Logistics 2024-2 DAC                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |    701602 | PA      | $959945.17    | 0.04%             | 2035-02-17      | Floating      | 6.96%                 | No            |                  2 | On Loan: No      |
| UK Logisitics                                                                       | UK Logistics 2024-2 DAC                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |    390346 | PA      | $534078.59    | 0.02%             | 2035-02-17      | Floating      | 6.96%                 | Yes           |                  2 | On Loan: No      |
| UK Logisitics                                                                       | UK Logistics 2024-2 DAC                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | GB        |   1275640 | PA      | $1734447.06   | 0.07%             | 2035-02-17      | Floating      | 8.11%                 | Yes           |                  2 | On Loan: No      |
| Shamrock Residential                                                                | Shamrock Residential 2024-1 DAC                                                  | CUSIP: 000000000<br>LEI: 635400DULOLZBZ1GY715 | Long             | ABS-MBS          | CORP              | IE        |   1075000 | PA      | $1271019.27   | 0.05%             | 2078-12-24      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| DIGITAL DUTCH FINCO BV                                                              | Digital Dutch Finco BV                                                           | CUSIP: 000000000<br>LEI: 549300ONZ5IS6B6IMJ70 | Long             | DBT              |  | NL        |    500000 | PA      | $584104.70    | 0.02%             | 2035-03-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| HEATHROW FUNDING LTD                                                                | Heathrow Funding Ltd                                                             | CUSIP: 000000000<br>LEI: 7TI96JO3DYEIQWZ7Z726 | Long             | DBT              | CORP              | JE        |    250000 | PA      | $294470.46    | 0.01%             | 2036-01-16      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Aqueduct European CLO                                                               | Aqueduct European CLO 9 DAC                                                      | CUSIP: 000000000<br>LEI: 254900Q94MU3Y11VO655 | Long             | ABS-CBDO         | CORP              | IE        |   1775000 | PA      | $2108573.75   | 0.08%             | 2038-04-15      | Floating      | 3.77%                 | No            |                  2 | On Loan: No      |
| Aurium CLO                                                                          | Aurium Clo XIII DAC                                                              | CUSIP: 000000000<br>LEI: 635400NUJFLZMWBUGF89 | Long             | ABS-CBDO         | CORP              | IE        |   1775000 | PA      | $2106970.51   | 0.08%             | 2038-04-15      | Floating      | 3.72%                 | No            |                  2 | On Loan: No      |
| Sequoia Logistics                                                                   | Sequoia Logistics 2025-1 DAC                                                     | CUSIP: 000000000<br>LEI: 635400SNUE4YGPESHU40 | Long             | ABS-MBS          | CORP              | IE        |   3350000 | PA      | $3975713.91   | 0.15%             | 2037-02-17      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| Sequoia Logistics                                                                   | Sequoia Logistics 2025-1 DAC                                                     | CUSIP: 000000000<br>LEI: 635400SNUE4YGPESHU40 | Long             | ABS-MBS          | CORP              | IE        |   3840000 | PA      | $4567841.80   | 0.18%             | 2037-02-17      | Floating      | 3.96%                 | Yes           |                  2 | On Loan: No      |
| Fidelity Grand Harbour CLO                                                          | Fidelity Grand Harbour Clo 2023-1 DAC                                            | CUSIP: 000000000<br>LEI: 635400GMXFDXRDDHLG52 | Long             | ABS-CBDO         | CORP              | IE        |   2140000 | PA      | $2542538.14   | 0.10%             | 2038-02-15      | Floating      | 3.81%                 | No            |                  2 | On Loan: No      |
| TREASURY CORP VICTORIA                                                              | Treasury Corp of Victoria                                                        | CUSIP: 000000000<br>LEI: 549300ZJM7BQW1P9UV75 | Long             | DBT              | NUSS              | AU        |   2010000 | PA      | $1376065.61   | 0.05%             | 2039-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEWDAY FUNDING                                                                      | Newday Funding Master Issuer PLC - Series 2024-2                                 | CUSIP: 000000000<br>LEI: 213800GBPRAJHSB5YK19 | Long             | ABS-O            | CORP              | GB        |   1600000 | PA      | $2237044.80   | 0.09%             | 2032-07-15      | Floating      | 7.63%                 | Yes           |                  2 | On Loan: No      |
| NEW S WALES TREASURY CRP                                                            | New South Wales Treasury Corp                                                    | CUSIP: 000000000<br>LEI: TC7LRO17HPNPLTAV0H77 | Long             | DBT              | NUSS              | AU        |   7030000 | PA      | $4788183.01   | 0.18%             | 2038-02-24      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| BLACKROCK INC                                                                       | Blackrock Inc                                                                    | CUSIP: 000000000<br>LEI: 529900VBK42Y5HHRMD23 | Long             | DBT              | CORP              | US        |    730000 | PA      | $886115.76    | 0.03%             | 2035-07-18      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ITELYUM REGENERATION SPA                                                            | Itelyum Regeneration Spa                                                         | CUSIP: 000000000<br>LEI: 815600051FBC23AA8A45 | Long             | DBT              | CORP              | IT        |    820000 | PA      | $988238.25    | 0.04%             | 2030-04-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| ITELYUM REGENERATION SPA                                                            | Itelyum Regeneration Spa                                                         | CUSIP: 000000000<br>LEI: 815600051FBC23AA8A45 | Long             | DBT              | CORP              | IT        |    250000 | PA      | $301292.15    | 0.01%             | 2030-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UK Logisitics                                                                       | UK Logistics 2025-1 DAC                                                          | CUSIP: 000000000<br>LEI: 635400LLQ82YFJBFFU27 | Long             | ABS-MBS          | CORP              | GB        |    933241 | PA      | $1280838.72   | 0.05%             | 2035-05-17      | Floating      | 9.24%                 | No            |                  2 | On Loan: No      |
| LHMC FINCO 2 SARL                                                                   | LHMC Finco 2 Sarl                                                                | CUSIP: 000000000<br>LEI: 254900VNJ7A4DAOPXL60 | Long             | DBT              | CORP              | LU        |   1037180 | PA      | $1282531.84   | 0.05%             | 2030-05-15      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| LHMC FINCO 2 SARL                                                                   | LHMC Finco 2 Sarl                                                                | CUSIP: 000000000<br>LEI: 254900VNJ7A4DAOPXL60 | Long             | DBT              | CORP              | LU        |   1000000 | PA      | $1236556.65   | 0.05%             | 2030-05-15      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| Braccan Mortgage Funding                                                            | Braccan Mortgage Funding 2025-1 PLC                                              | CUSIP: 000000000<br>LEI: 6354003DBF3NI8QJRR63 | Long             | ABS-MBS          | CORP              | GB        |   1364383 | PA      | $1869689.71   | 0.07%             | 2067-05-17      | Floating      | 7.79%                 | No            |                  2 | On Loan: No      |
| DVI DT VERMOEGENS IMMVWL                                                            | DVI Deutsche Vermoegens- & Immobilienverwaltungs GmbH                            | CUSIP: 000000000<br>LEI: 529900MFTCNJE8PQM633 | Long             | DBT              | CORP              | DE        |    800000 | PA      | $982759.09    | 0.04%             | 2030-08-21      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| PUNCH FINANCE PLC                                                                   | Punch Finance PLC                                                                | CUSIP: 000000000<br>LEI: 2138006IJRIU1Q5DN388 | Long             | DBT              | CORP              | GB        |    910000 | PA      | $1285207.04   | 0.05%             | 2030-12-30      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                                                                | Flutter Treasury DAC                                                             | CUSIP: 000000000<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    525000 | PA      | $731523.17    | 0.03%             | 2031-06-04      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| MEHILAINEN YHTIOT OY                                                                | Mehilainen Yhtiot Oy                                                             | CUSIP: 000000000<br>LEI: 2138006X78HGYRHS5865 | Long             | DBT              | CORP              | FI        |   1145000 | PA      | $1380555.94   | 0.05%             | 2032-06-30      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| LUNA 2 5SARL                                                                        | Luna 2 5SARL                                                                     | CUSIP: 000000000<br>LEI: 894500N8J2QVEYP0UI86 | Long             | DBT              | CORP              | LU        |   1000000 | PA      | $1209186.93   | 0.05%             | 2032-07-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| LUNA 2 5SARL                                                                        | Luna 2 5SARL                                                                     | CUSIP: 000000000<br>LEI: 894500N8J2QVEYP0UI86 | Long             | DBT              | CORP              | LU        |   1100000 | PA      | $1330105.63   | 0.05%             | 2032-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DOLCETTO HOLDCO SPA                                                                 | Dolcetto Holdco SpA                                                              | CUSIP: 000000000<br>LEI: 81560029E819F2CE4A42 | Long             | DBT              | CORP              | IT        |    625000 | PA      | $755519.58    | 0.03%             | 2032-07-14      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| NEWDAY FUNDING                                                                      | Newday Funding Master Issuer PLC - Series 2025-2                                 | CUSIP: 000000000<br>LEI: 213800GBPRAJHSB5YK19 | Long             | ABS-O            | CORP              | GB        |   2500000 | PA      | $3427296.81   | 0.13%             | 2033-07-15      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                                             | Romanian Government International Bond                                           | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   2732000 | PA      | $2860485.96   | 0.11%             | 2036-05-16      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| eStruxture Issuer Limited Partnership                                               | eStruxture Issuer LP                                                             | CUSIP: 000000000<br>LEI: 8945009YAF8AMRRYIY30 | Long             | ABS-O            | CORP              | CA        |   4740000 | PA      | $3507996.84   | 0.13%             | 2055-07-20      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| SEVERN TRENT WATER UTIL                                                             | Severn Trent Utilities Finance PLC                                               | CUSIP: 000000000<br>LEI: 213800KY9PT6WBH33232 | Long             | DBT              | CORP              | GB        |   3300000 | PA      | $3861545.25   | 0.15%             | 2037-08-04      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Atlas Funding                                                                       | Atlas Funding 2023-1 PLC                                                         | CUSIP: 000000000<br>LEI: 635400GE1FMJVQH5B467 | Long             | ABS-MBS          | CORP              | GB        |    725000 | PA      | $1030579.41   | 0.04%             | 2061-01-20      | Floating      | 13.46%                | Yes           |                  2 | On Loan: No      |
| DYNO NOBEL LTD                                                                      | Dyno Nobel Ltd                                                                   | CUSIP: 000000000<br>LEI: 254900UW2F3BKV6Z9V18 | Long             | DBT              | CORP              | AU        |   2230000 | PA      | $1522782.07   | 0.06%             | 2032-11-08      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Caister Finance                                                                     | Caister Finance DAC                                                              | CUSIP: 000000000<br>LEI: 635400IBLLJ9RCTGJN46 | Long             | ABS-MBS          | CORP              | IE        |   2115000 | PA      | $2894903.13   | 0.11%             | 2035-08-17      | Floating      | 9.49%                 | No            |                  2 | On Loan: No      |
| QUEENSLAND TREASURY CORP                                                            | Queensland Treasury Corp                                                         | CUSIP: 000000000<br>LEI: 98INKCEEHOU5YJS0HQ88 | Long             | DBT              | NUSS              | AU        |   3450000 | PA      | $2329975.65   | 0.09%             | 2038-08-13      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| LUNA 1.5 SARL                                                                       | Luna 1.5 Sarl                                                                    | CUSIP: 000000000<br>LEI: 64884UZ60Y77J5XK5C41 | Long             | DBT              | CORP              | LU        |   1000000 | PA      | $1240349.77   | 0.05%             | 2032-07-01      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                                            | Electricite de France SA                                                         | CUSIP: 000000000<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    610000 | PA      | $415568.79    | 0.02%             | 2035-08-28      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| VONOVIA SE                                                                          | Vonovia SE                                                                       | CUSIP: 000000000<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | DBT              | CORP              | DE        |   1750000 | PA      | $1181652.36   | 0.05%             | 2035-09-03      | Fixed         | 5.72%                 | Yes           |                  2 | On Loan: No      |
| NEW S WALES TREASURY CRP                                                            | New South Wales Treasury Corp                                                    | CUSIP: 000000000<br>LEI: TC7LRO17HPNPLTAV0H77 | Long             | DBT              | NUSS              | AU        |   1195000 | PA      | $805876.22    | 0.03%             | 2039-02-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SECHE ENVIRONNEMENT SACA                                                            | Seche Environnement SACA                                                         | CUSIP: 000000000<br>LEI: 969500R9ENNIN33POO20 | Long             | DBT              | CORP              | FR        |   1000000 | PA      | $1203627.64   | 0.05%             | 2031-01-09      | Fixed         | 5.87%                 | Yes           |                  2 | On Loan: No      |
| ALPHABET INC                                                                        | Alphabet Inc                                                                     | CUSIP: 000000000<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |   1305000 | PA      | $1512184.62   | 0.06%             | 2044-11-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                                                        | Alphabet Inc                                                                     | CUSIP: 000000000<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1583714.42   | 0.06%             | 2038-11-06      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AA BOND CO LTD                                                                      | AA Bond Co Ltd                                                                   | CUSIP: 000000000<br>LEI: 2138002EPF6QVRZBMC58 | Long             | DBT              | CORP              | JE        |    940000 | PA      | $1283625.36   | 0.05%             | 2032-07-31      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| SMITHS GROUP PLC                                                                    | Smiths Group PLC                                                                 | CUSIP: 000000000<br>LEI: 213800MJL6IPZS3ASA11 | Long             | DBT              | CORP              | GB        |   1060000 | PA      | $1246481.59   | 0.05%             | 2033-11-13      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| AMCOR UK FINANCE PLC                                                                | Amcor UK Finance PLC                                                             | CUSIP: 000000000<br>LEI: 549300DEUV6BE727FP17 | Long             | DBT              | CORP              | GB        |    700000 | PA      | $829487.47    | 0.03%             | 2033-02-20      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NSW ELECTRICITY NETWORKS                                                            | NSW Electricity Networks Finance Pty Ltd                                         | CUSIP: 000000000<br>LEI: 5493009VPYKFFK7UXM97 | Long             | DBT              | CORP              | AU        |    410000 | PA      | $284547.15    | 0.01%             | 2055-11-20      | Fixed         | 6.30%                 | Yes           |                  2 | On Loan: No      |
| BAYFRONT IABS VII PTE. LTD.                                                         | Bayfront Iabs VII Pte Ltd                                                        | CUSIP: 000000000<br>LEI: 213800DAFLLBYWNXMG91 | Long             | ABS-CBDO         | CORP              | SG        |   2100000 | PA      | $2106287.40   | 0.08%             | 2048-04-11      | Floating      | 6.74%                 | No            |                  2 | On Loan: No      |
| ENBW INTL FINANCE BV                                                                | EnBW International Finance BV                                                    | CUSIP: 000000000<br>LEI: 724500CNCIO1ZTJ0X675 | Long             | DBT              | CORP              | NL        |   1900000 | PA      | $1310774.14   | 0.05%             | 2036-02-26      | Fixed         | 5.79%                 | Yes           |                  2 | On Loan: No      |
| Contego CLO DAC                                                                     | Contego CLO XII DAC                                                              | CUSIP: 000000000<br>LEI: 6354003W464JGWJGVO61 | Long             | ABS-CBDO         | CORP              | IE        |   3600000 | PA      | $4323214.95   | 0.17%             | 2040-01-25      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| AUSGRID FINANCE PTY LTD                                                             | Ausgrid Finance Pty Ltd                                                          | CUSIP: 000000000<br>LEI: 549300DN8D7YR73BKB57 | Long             | DBT              | CORP              | AU        |   1520000 | PA      | $1061341.91   | 0.04%             | 2035-12-10      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| FABBRICA ITA SINTETICI                                                              | FIS Fabbrica Italiana Sintetici SpA                                              | CUSIP: 000000000<br>LEI: 8156004D7056C63EC525 | Long             | DBT              | CORP              | IT        |   1100000 | PA      | $1310064.92   | 0.05%             | 2031-02-05      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEXTURE SPA                                                                         | Nexture SpA                                                                      | CUSIP: 000000000<br>LEI: 815600EF527DCD52E910 | Long             | DBT              | CORP              | IT        |    200000 | PA      | $237776.38    | 0.01%             | 2032-07-30      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                                   | EURO-BOBL FUTURE MAR26                                                           | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |       -18 | NC      | $-666.97      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                                                                   | EURO-SCHATZ FUT MAR26                                                            | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |      -271 | NC      | $-23427.21    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                                                                   | EURO-BUND FUTURE MAR26                                                           | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |      -133 | NC      | $38103.18     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                                                                   | EURO-BUXL 30Y BND MAR26                                                          | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |       -22 | NC      | $49351.64     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                              | US ULTRA BOND CBT MAR26                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -461 | NC      | $1022203.21   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                              | US 5YR NOTE (CBT) MAR26                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      5051 | NC      | $-2017042.25  | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                              | US 2YR NOTE (CBT) MAR26                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       922 | NC      | $-196844.50   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                              | US 10YR ULTRA FUT MAR26                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |     -1417 | NC      | $1814631.84   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe - Financial Products Division                                    | LONG GILT FUTURE MAR26                                                           | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DIR              |  | GB        |       -39 | NC      | $24067.41     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ASX Clear (Futures)                                                                 | AUST 10Y BOND FUT MAR26                                                          | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DIR              |  | AU        |      -139 | NC      | $36684.43     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| The Montreal Exchange/Bourse De Montreal                                            | CAN 5YR BOND FUT MAR26                                                           | CUSIP: 000000000<br>LEI: 549300DKBYNOI0B1NP44 | N/A              | DIR              |  | CA        |       -30 | NC      | $15140.45     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ASX Clear (Futures)                                                                 | AUST 3YR BOND FUT MAR26                                                          | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DIR              |  | AU        |      -324 | NC      | $86933.84     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Telenet Financing USD LLC                                                           | Telenet Financing USD LLC 2020 USD Term Loan AR                                  | CUSIP: 000000000<br>LEI: 213800BMPOX34U6DWN81 | Long             | LON              | CORP              | US        |    500000 | PA      | $495835.00    | 0.02%             | 2028-04-28      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| Jefferies Finance LLC                                                               | Jefferies Finance LLC 2024 Term Loan                                             | CUSIP: 000000000<br>LEI: 549300SKVB18YSSIDT75 | Long             | LON              | CORP              | US        |   1167837 | PA      | $1166376.86   | 0.04%             | 2031-10-21      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| Upfield BV                                                                          | Upfield BV 2025 USD Term Loan B12                                                | CUSIP: 000000000<br>LEI: 254900U4MHW4MZWGFU47 | Long             | LON              | CORP              | US        |   1746859 | PA      | $1733757.86   | 0.07%             | 2027-12-31      | Floating      | 7.62%                 | No            |                  2 | On Loan: No      |
| DK Crown Holdings Inc                                                               | DK Crown Holdings Inc 2025 Term Loan B                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1119889 | PA      | $1122162.74   | 0.04%             | 2032-03-04      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Pathway Vet Alliance LLC                                                            | Pathway Vet Alliance LLC 2025 Tranche A Term Loan A                              | CUSIP: 000000000<br>LEI: 2549001HRKTHAW7MOH74 | Long             | LON              | CORP              | US        |     26508 | PA      | $26620.72     | 0.00%             | 2028-06-30      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| EagleView Technology Corporation                                                    | EagleView Technology Corporation 2025 Term Loan                                  | CUSIP: 000000000<br>LEI: 549300HLIL8HO4PPLG50 | Long             | LON              | CORP              | US        |    363639 | PA      | $343980.51    | 0.01%             | 2028-08-14      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| Cleanova US Holdings LLC                                                            | Cleanova US Holdings LLC 2025 Term Loan B                                        | CUSIP: 000000000<br>LEI: 254900Q8HEK85N92G859 | Long             | LON              | CORP              | US        |    470256 | PA      | $472607.57    | 0.02%             | 2032-06-14      | Floating      | 8.48%                 | No            |                  2 | On Loan: No      |
| LERNEN BIDCO LIMITED                                                                | Lernen Bidco Limited 2025 USD Term Loan B3B                                      | CUSIP: 000000000<br>LEI: 894500YKKF2CXAP6DR25 | Long             | LON              | CORP              | US        |   1000000 | PA      | $1002085.00   | 0.04%             | 2031-10-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GVC Holdings (Gibraltar) Limited                                                    | GVC Holdings (Gibraltar) Limited 2025 Term Loan B6 (2029)                        | CUSIP: 000000000<br>LEI: 213800ATWJIEYQ8NF838 | Long             | LON              | CORP              | GI        |    969434 | PA      | $969811.77    | 0.04%             | 2029-10-31      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| C&S Wholesale Grocers Inc                                                           | C&S Wholesale Grocers Inc Term Loan B                                            | CUSIP: 000000000<br>LEI: 54930093F8X1FEZBGJ91 | Long             | LON              | CORP              | US        |   1591835 | PA      | $1577906.83   | 0.06%             | 2030-09-20      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| Outfront Media Capital LLC                                                          | Outfront Media Capital LLC 2025 Term Loan B                                      | CUSIP: 000000000<br>LEI: 5493005WC7J0FDMW0610 | Long             | LON              | CORP              | US        |   1000000 | PA      | $1005940.00   | 0.04%             | 2032-09-24      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Ryan, LLC                                                                           | Ryan LLC 2025 Term Loan                                                          | CUSIP: 000000000<br>LEI: 549300TG86D8HZC6TE67 | Long             | LON              | CORP              | US        |    500000 | PA      | $494687.50    | 0.02%             | 2032-11-05      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| POTTERS INDUSTRIES LLC                                                              | Potters Industries LLC 2025 Repriced Term Loan B                                 | CUSIP: 000000000<br>LEI: 391200O5OFXXMCYPAR13 | Long             | LON              | CORP              | US        |   1500000 | PA      | $1500937.50   | 0.06%             | 2032-12-23      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| LERNEN BIDCO LIMITED                                                                | Lernen Bidco Limited 2025 USD Term Loan B3                                       | CUSIP: 000000000<br>LEI: 894500YKKF2CXAP6DR25 | Long             | LON              | CORP              | GB        |   1000000 | PA      | $1002085.00   | 0.04%             | 2031-10-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MODIVCARE BUYER LLC                                                                 | MODIVCARE BUYER LLC SUPER SENIOR TERM LOAN                                       | CUSIP: 000000000<br>LEI: 254900MKEPTFAS1J2168 | Long             | LON              | CORP              | US        |   1700000 | PA      | $1705669.50   | 0.07%             | 2030-12-29      | Floating      | 10.00%                | No            |                  2 | On Loan: No      |
| ModivCare Buyer LLC                                                                 | ModivCare Buyer LLC Takeback Term Loan                                           | CUSIP: 000000000<br>LEI: 254900MKEPTFAS1J2168 | Long             | LON              | CORP              | US        |   1110313 | PA      | $1043832.61   | 0.04%             | 2032-12-30      | Floating      | 8.69%                 | No            |                  2 | On Loan: No      |
| HOLOGIC INC                                                                         | HOLOGIC INC 2026 TERM LOAN B                                                     | CUSIP: 000000000<br>LEI: 9845009E9B4548A5N478 | Long             | LON              | CORP              | US        |   1462085 | PA      | $1453224.94   | 0.06%             | 2033-01-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BETCLIC EVEREST GROUP                                                               | BETCLIC EVEREST GROUP 2026 EUR TERM LOAN B                                       | CUSIP: 000000000<br>LEI: 96950037FKVH5JOEKU82 | Long             | LON              | CORP              | FR        |   1380555 | PA      | $1640073.44   | 0.06%             | 2031-12-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TUPLE US BIDCO LLC                                                                  | TUPLE US BIDCO LLC TERM LOAN B                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1250000 | PA      | $1237500.00   | 0.05%             | 2033-01-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ENSEMBLE RCM LLC                                                                    | ENSEMBLE RCM LLC 2026 TERM LOAN B                                                | CUSIP: 000000000<br>LEI: 254900PDXJVVI20WAQ37 | Long             | LON              | CORP              | US        |   1000000 | PA      | $991250.00    | 0.04%             | 2033-01-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                                                | NEPTUNE BIDCO US INC 2026 REFINANCE TERM LOAN B                                  | CUSIP: 000000000<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |    900000 | PA      | $888561.00    | 0.03%             | 2033-01-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INSPIRED FINCO HOLDINGS LTD                                                         | INSPIRED FINCO HOLDINGS LTD 2026 USD TERM LOAN B                                 | CUSIP: 000000000<br>LEI: 213800X9E8N2AXUVDM80 | Long             | LON              | CORP              | US        |   1000000 | PA      | $997500.00    | 0.04%             | 2031-02-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UPFIELD BV                                                                          | UPFIELD BV 2026 USD REPRICED TERM LOAN                                           | CUSIP: 000000000<br>LEI: 2549002VGA888UKFKS25 | Long             | LON              | CORP              | NL        |   1000000 | PA      | $992500.00    | 0.04%             | 2030-10-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CELLNEX TELECOM SA                                                                  | Cellnex Telecom SA                                                               | CUSIP: 000000000<br>LEI: 5493008T4YG3AQUI7P67 | Long             | DBT              | CORP              | ES        |   1200000 | PA      | $1289821.52   | 0.05%             | 2031-11-20      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| TENNET NET BV                                                                       | Tennet Netherlands BV                                                            | CUSIP: 000000000<br>LEI: 724500N24X9VLIRO3K10 | Long             | DBT              | CORP              | NL        |    435000 | PA      | $558594.26    | 0.02%             | 2042-10-28      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CODELCO INC                                                                         | Corp Nacional del Cobre de Chile                                                 | CUSIP: 000000000<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $201506.00    | 0.01%             | 2033-02-02      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| TEAMSYSTEM SPA                                                                      | TeamSystem SpA                                                                   | CUSIP: 000000000<br>LEI: 81560062081DF3AB7A90 | Long             | DBT              | CORP              | IT        |    800000 | PA      | $945358.94    | 0.04%             | 2032-07-01      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Arterra Wines Canada Inc                                                            | Arterra Wines Canada Inc 2020 Term Loan                                          | CUSIP: 000000000<br>LEI: 5493000SZ7NOM4G34E58 | Long             | LON              | CORP              | CA        |    944173 | PA      | $930600.41    | 0.04%             | 2027-11-24      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| Balcan Innovations Inc                                                              | Balcan Innovations Inc Term Loan B                                               | CUSIP: 000000000<br>LEI: 549300C2CLNRVCUDIH93 | Long             | LON              | CORP              | CA        |    576707 | PA      | $445505.89    | 0.02%             | 2031-10-18      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| Great Canadian Gaming Corporation                                                   | Great Canadian Gaming Corporation 2024 Term Loan B                               | CUSIP: 000000000<br>LEI: 549300FU60SSFLTE0M84 | Long             | LON              | CORP              | CA        |   2000000 | PA      | $1961250.00   | 0.08%             | 2029-11-01      | Floating      | 8.44%                 | No            |                  2 | On Loan: No      |
| 1011778 BC Unlimited Liability Company                                              | 1011778 BC Unlimited Liability Company 2024 Term Loan B6                         | CUSIP: 000000000<br>LEI: 549300RHSHNRWI5LLA86 | Long             | LON              | CORP              | CA        |    868709 | PA      | $867840.76    | 0.03%             | 2030-09-20      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Delivery Hero SE                                                                    | Delivery Hero SE 2024 USD Term Loan B                                            | CUSIP: 000000000<br>LEI: 529900KR9IO53KSCSQ67 | Long             | LON              | CORP              | US        |   2039064 | PA      | $2044161.80   | 0.08%             | 2029-12-12      | Floating      | 8.84%                 | No            |                  2 | On Loan: No      |
| Opal Bidco SAS                                                                      | Opal Bidco SAS USD Term Loan B4                                                  | CUSIP: 000000000<br>LEI: 969500R96XT7XY2UJ564 | Long             | LON              | CORP              | US        |    880634 | PA      | $881647.04    | 0.03%             | 2032-04-28      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| Howden Group Holdings Ltd                                                           | Howden Group Holdings Ltd 2025 USD Term Loan B                                   | CUSIP: 000000000<br>LEI: 213800R6D9EVRN5D3117 | Long             | LON              | CORP              | LU        |   1196992 | PA      | $1196908.69   | 0.05%             | 2031-02-15      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Jazz Financing Lux Sarl                                                             | Jazz Financing Lux Sarl 2024 1st Lien Term Loan B2                               | CUSIP: 000000000<br>LEI: 635400WUEO2NSG5OIU34 | Long             | LON              | CORP              | LU        |    879491 | PA      | $883030.87    | 0.03%             | 2028-05-05      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Virgin Media Bristol LLC                                                            | Virgin Media Bristol LLC 2020 USD Term Loan Q                                    | CUSIP: 000000000<br>LEI: 213800IQ982XX69LE276 | Long             | LON              | CORP              | US        |   1500000 | PA      | $1500285.00   | 0.06%             | 2029-01-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chrysaor Bidco Sarl                                                                 | Chrysaor Bidco Sarl 2025 USD Term Loan B                                         | CUSIP: 000000000<br>LEI: 254900CXX37NCB7A8J31 | Long             | LON              | CORP              | LU        |    997500 | PA      | $1002986.25   | 0.04%             | 2031-10-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Delos Aircraft Designated Activity Co                                               | Delos Aircraft Designated Activity Co Term Loan                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | IE        |    556667 | PA      | $560145.84    | 0.02%             | 2027-10-31      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Oregon Tool, Inc.                                                                   | Oregon Tool Inc 2025 1st Lien Term Loan                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |     54649 | PA      | $55725.50     | 0.00%             | 2029-10-15      | Floating      | 9.23%                 | No            |                  2 | On Loan: No      |
| Oregon Tool Inc                                                                     | Oregon Tool Inc 2025 2nd Lien Term Loan                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |    712045 | PA      | $466389.15    | 0.02%             | 2029-10-15      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| Flutter Financing BV                                                                | Flutter Financing BV 2024 Term Loan B                                            | CUSIP: 000000000<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |    910405 | PA      | $910632.25    | 0.03%             | 2030-11-30      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Fugue Finance BV                                                                    | Fugue Finance BV 2025 Repriced Term Loan                                         | CUSIP: 000000000<br>LEI: 254900Y4DWBRGAFENC88 | Long             | LON              | CORP              | US        |   1008338 | PA      | $1003296.71   | 0.04%             | 2032-01-09      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| Peer Holding III BV                                                                 | Peer Holding III BV 2025 USD Term Loan B5B                                       | CUSIP: 000000000<br>LEI: 7245002S0K5Q59JCVQ03 | Long             | LON              | CORP              | NL        |   1722098 | PA      | $1724035.12   | 0.07%             | 2031-07-01      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Peer Holding III BV                                                                 | Peer Holding III BV 2025 USD Term Loan B                                         | CUSIP: 000000000<br>LEI: 7245002S0K5Q59JCVQ03 | Long             | LON              | CORP              | US        |   1100000 | PA      | $1101721.50   | 0.04%             | 2032-09-29      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Nouryon Finance BV                                                                  | Nouryon Finance BV 2024 USD Term Loan B2                                         | CUSIP: 000000000<br>LEI: 549300GD4NJGLPVYB245 | Long             | LON              | CORP              | NL        |    997481 | PA      | $997949.93    | 0.04%             | 2028-04-03      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Ziggo Financing Partnership                                                         | Ziggo Financing Partnership 2025 Term Loan B                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $989585.00    | 0.04%             | 2033-01-15      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| CODELCO INC                                                                         | Corp Nacional del Cobre de Chile                                                 | CUSIP: 000000000<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    207000 | PA      | $208558.71    | 0.01%             | 2033-02-02      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| Corp. Nacional del Cobre de Chile                                                   | Corp. Nacional del Cobre de Chile                                                | CUSIP: 000000000<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    407000 | PA      | $425180.69    | 0.02%             | 2034-01-08      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                                               | Guatemala Government Bond                                                        | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    507000 | PA      | $452953.80    | 0.02%             | 2033-10-07      | Fixed         | 3.70%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                                               | Guatemala Government Bond                                                        | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |   3034000 | PA      | $3169741.16   | 0.12%             | 2036-08-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-05

**Name of Applicant:** TCW ETF Trust

**Signature:** Richard Villa

**Name of Signer:** Richard Villa

**Title:** Treasurer