# EDGAR Filing Document

**Accession Number:** 0000035315
**File Stem:** 0001752724-25-176670
**Filing Date:** 2025-7
**Character Count:** 200233
**Document Hash:** 0b66e49cd928e556b14da78e801c918f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-176670.hdr.sgml**: 20250724

**ACCESSION NUMBER**: 0001752724-25-176670

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250724

**DATE AS OF CHANGE**: 20250724

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY SALEM STREET TRUST
- **CENTRAL INDEX KEY:** 0000035315

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02105
- **FILM NUMBER:** 251146260

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY FIXED INCOME TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY FLEXIBLE BOND FUND
- **DATE OF NAME CHANGE:** 19860904

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY CORPORATE BOND FUND INC
- **DATE OF NAME CHANGE:** 19851225

## Series and Classes Contracts Data

### Fidelity Flex Conservative Income Bond Fund (Series ID: S000062001)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000200823 | Fidelity Flex Conservative Income Bond Fund | FJTDX           |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity Flex® Funds**

**Fidelity Flex® Conservative Income Bond Fund**

**May 31, 2025**

ZCI-NPRT3-0725

1.9887607.107 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Asset-Backed Securities - 15.7%** | &nbsp;&nbsp;**Asset-Backed Securities - 15.7%** | &nbsp;&nbsp;**Asset-Backed Securities - 15.7%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| UNITED STATES - 15.7%  |  |  |
| Affirm Asset Securitization Trust Series 2025-X1 Class A, 5.08% 4/15/2030 (b) | 515000 | 514890 |
| Ally Auto Receivables Trust Series 2024-1 Class A2, 5.32% 1/15/2027  | 189896 | 190044 |
| American Express Credit Account Master Trust Series 2022-3 Class A, 3.75% 8/15/2027  | 1100000 | 1098229 |
| Autonation Finance Trust Series 2025-1A Class A2, 4.72% 4/10/2028 (b) | 230000 | 230051 |
| Bank of America Credit Card Master Trust Series 2022-A1 Class A1, 3.53% 11/15/2027  | 1300000 | 1299540 |
| BMW Vehicle Lease Trust Series 2023-2 Class A3, 5.99% 9/25/2026  | 309935 | 311140 |
| BMW Vehicle Lease Trust Series 2024-1 Class A2A, 5.1% 7/27/2026  | 165190 | 165324 |
| BofA Auto Trust Series 2024-1A Class A2, 5.57% 12/15/2026 (b) | 240896 | 241329 |
| BofA Auto Trust Series 2025-1A Class A2A, 4.52% 11/22/2027 (b) | 475000 | 474646 |
| Capital One Multi-Asset Execution Trust Series 2022-A3 Class A, 4.95% 10/15/2027  | 1300000 | 1301468 |
| Capital One Prime Auto Receivables Trust Series 2024-1 Class A2A, 4.61% 10/15/2027  | 1031728 | 1031746 |
| CarMax Auto Owner Trust Series 2021-4 Class A3, 0.56% 9/15/2026  | 58055 | 57876 |
| CarMax Auto Owner Trust Series 2022-3 Class A3, 3.97% 4/15/2027  | 447439 | 446203 |
| CarMax Auto Owner Trust Series 2024-1 Class A2A, 5.3% 3/15/2027  | 270786 | 271120 |
| CarMax Auto Owner Trust Series 2024-2 Class A2B, U.S. 30-Day Avg. SOFR Index + 0.73%, 4.9113% 5/17/2027 (c)(d) | 766668 | 767028 |
| CarMax Auto Owner Trust Series 2024-3 Class A2A, 5.21% 9/15/2027  | 849997 | 851701 |
| Carmax Auto Owner Trust Series 2024-4 Class A2A, 4.67% 12/15/2027  | 708315 | 708441 |
| Carmax Auto Owner Trust Series 2025-1 Class A2A, 4.63% 3/15/2028  | 1035000 | 1034659 |
| Carmax Auto Owner Trust Series 2025-2 Class A2A, 4.59% 7/17/2028  | 720000 | 720315 |
| CarMax Select Receivables Trust Series 2024-A Class A2A, 5.78% 9/15/2027  | 36264 | 36393 |
| Carvana Auto Receivables Trust Series 2024-P4 Class A2, 4.62% 2/10/2028  | 512399 | 512154 |
| Carvana Auto Receivables Trust Series 2025-P1 Class A2, 4.5% 6/12/2028  | 405000 | 404351 |
| Chase Auto Owner Trust Series 2024-1A Class A2, 5.48% 4/26/2027 (b) | 206102 | 206407 |
| Chase Auto Owner Trust Series 2024-3A Class A2, 5.53% 9/27/2027 (b) | 279594 | 280301 |
| Chase Auto Owner Trust Series 2024-4A Class A2, 5.25% 9/27/2027 (b) | 792815 | 794564 |
| Chase Issuance Trust Series 2022-A1 Class A, 3.97% 9/15/2027  | 500000 | 499034 |
| Citizens Auto Receivables Trust Series 2024-1 Class A2A, 5.43% 10/15/2026 (b) | 212226 | 212432 |
| Citizens Auto Receivables Trust Series 2024-2 Class A2A, 5.54% 11/16/2026 (b) | 381790 | 382359 |
| Daimler Trucks Retail Trust Series 2024-1 Class A2, 5.6% 4/15/2026  | 397987 | 398386 |
| Dell Equip Fin Trust Series 2025-1 Class A2, 4.68% 7/22/2027 (b) | 180000 | 180345 |
| Dext Abs LLC Series 2025-1 Class A2, 4.59% 8/16/2027 (b) | 355000 | 354389 |
| Discover Card Execution Note Trust Series 2022-A3 Class A3, 3.56% 7/15/2027  | 1200000 | 1198512 |
| DLLAA LLC Series 2025-1A Class A2, 4.7% 10/20/2027 (b) | 480000 | 480380 |
| DLLAD Series 2024-1A Class A2, 5.5% 8/20/2027 (b) | 309124 | 310411 |
| DLLST Series 2024-1A Class A2, 5.33% 1/20/2026 (b) | 146084 | 146188 |
| DRIVE Series 2025-1 Class A2, 4.87% 8/15/2028  | 765000 | 764968 |
| Enterprise Fleet Financing 2025-2 LLC Series 2025-2 Class A2, 4.51% 2/22/2028 (b) | 1532000 | 1530228 |
| Enterprise Fleet Financing LLC Series 2025-1 Class A2, 4.65% 10/20/2027 (b) | 1020000 | 1020586 |
| Enterprise Fleet Financing Series 2024-2 Class A2, 5.74% 12/20/2026 (b) | 141646 | 142262 |
| Exeter Automobile Receivables Trust Series 2025-3A Class A2, 4.83% 1/18/2028  | 1155000 | 1155148 |
| Exeter Select Automobile Receivables Trust Series 2025-1 Class A2, 4.83% 10/16/2028  | 55000 | 54953 |
| Ford Credit Auto Lease Trust Series 2024-A Class A2A, 5.24% 7/15/2026  | 69568 | 69590 |
| Ford Credit Auto Lease Trust Series 2025-A Class A2A, 4.57% 8/15/2027  | 1020000 | 1019528 |
| Ford Credit Auto Owner Trust Series 2024-D Class A2A, 4.59% 10/15/2027  | 780000 | 780138 |
| Ford Credit Auto Owner Trust Series 2025-A Class A2A, 4.47% 12/15/2027  | 1500000 | 1498248 |
| Fordo 2022-B A2b Series 2022-B Class A3, 3.74% 9/15/2026  | 91544 | 91448 |
| FORDO Series 2024-B Class A2A, 5.4% 4/15/2027  | 541477 | 542897 |
| GM Financial Automobile Leasing Trust Series 2024-2 Class A2A, 5.43% 9/21/2026  | 561881 | 563157 |
| GM Financial Automobile Leasing Trust Series 2025-1 Class A2A, 4.54% 5/20/2027 (c) | 1500000 | 1500957 |
| Gm Financial Consumer Automobile Receivables Trust Series 2021-4 Class A3, 0.68% 9/16/2026  | 61879 | 61768 |
| GM Financial Consumer Automobile Receivables Trust Series 2024-1 Class A2A, 5.12% 2/16/2027  | 193796 | 193995 |
| GM Financial Consumer Automobile Receivables Trust Series 2024-2 Class A2B, U.S. 30-Day Avg. SOFR Index + 0.39%, 4.7213% 3/16/2027 (c)(d) | 350795 | 350712 |
| GM Financial Consumer Automobile Receivables Trust Series 2025-2 Class A2A, 4.4% 2/16/2028  | 1465000 | 1464196 |
| GM Financial Leasing Trust Series 2024-1 Class A2A, 5.18% 6/22/2026  | 279267 | 279453 |
| Gm Finl Consumer Automobile Receivables Trust Series 2024-4 Class A2A, 4.53% 10/18/2027  | 862389 | 861837 |
| GMF Floorplan Owner Revolving Trust Series 2023-1 Class A2, U.S. 30-Day Avg. SOFR Index + 1.15%, 5.4823% 6/15/2028 (b)(c)(d) | 2200000 | 2211241 |
| GMF Floorplan Owner Revolving Trust Series 2024-3A Class A1, 4.68% 11/15/2028 (b) | 1200000 | 1202363 |
| GMF Floorplan Owner Revolving Trust Series 2024-3A Class A2, U.S. 30-Day Avg. SOFR Index + 0.45%, 4.7823% 11/15/2028 (b)(c)(d) | 1600000 | 1596560 |
| GMF Floorplan Owner Revolving Trust Series 2025-1A Class A2, U.S. 30-Day Avg. SOFR Index + 0.6%, 4.9323% 3/15/2029 (b)(c)(d) | 975000 | 972968 |
| Gmf Leasing LLC Series 2025-2 Class A2A, 4.55% 7/20/2027  | 1360000 | 1359744 |
| Halst Series 2025-A Class A2A, 4.6% 6/15/2027 (b) | 720000 | 720701 |
| Harot Series 2025-2 Class A2A, 4.3% 1/18/2028  | 1320000 | 1316950 |
| Honda Auto Receivables Owner Trust Series 2023-2 Class A3, 4.93% 11/15/2027  | 1233797 | 1236689 |
| Honda Auto Receivables Owner Trust Series 2025-1 Class A2, 4.53% 8/23/2027  | 1500000 | 1500936 |
| Honda Auto Receivables Series 2024-2 Class A2, 5.48% 11/18/2026  | 501836 | 502753 |
| HPEFS Equipment Trust Series 2024-2A Class A2, 5.5% 10/20/2031 (b) | 423279 | 424173 |
| Huntington Auto Trust Series 2024-1A Class A2, 5.5% 3/15/2027 (b) | 308179 | 308578 |
| Hyundai Auto Lease Securitization Trust Series 2023-C Class A3, 5.8% 12/15/2026 (b) | 1685185 | 1691024 |
| Hyundai Auto Lease Securitization Trust Series 2024-A Class A2A, 5.15% 6/15/2026 (b) | 232290 | 232471 |
| Hyundai Auto Lease Securitization Trust Series 2024-B Class A2A, 5.51% 10/15/2026 (b) | 568301 | 569547 |
| Hyundai Auto Lease Securitization Trust Series 2025-B Class A2A, 4.58% 9/15/2027 (b) | 1260000 | 1261733 |
| Hyundai Auto Receivables Trust Series 2024-A Class A2A, 5.29% 4/15/2027  | 408848 | 409611 |
| Hyundai Auto Receivables Trust Series 2024-C Class A2A, 4.53% 9/15/2027  | 912934 | 912732 |
| John Deere Owner Trust Series 2024-A Class A2A, 5.19% 2/16/2027  | 706170 | 707147 |
| John Deere Owner Trust Series 2024-C Class A2B, U.S. 30-Day Avg. SOFR Index + 0.43%, 4.7613% 8/16/2027 (c)(d) | 897326 | 897639 |
| Kubota Credit Owner Trust Series 2025-1A Class A2, 4.61% 12/15/2027 (b) | 1355000 | 1356976 |
| M&T Equipment Notes Series 2025-1A Class A2, 4.7% 12/16/2027 (b) | 625000 | 625779 |
| MBART Series 2025-1 Class A2A, 4.5% 2/15/2028  | 825000 | 824247 |
| Mercedes-Benz Auto Lease Trust Series 2024-A Class A2A, 5.44% 2/16/2027  | 746994 | 748806 |
| Mercedes-Benz Auto Lease Trust Series 2025-A Class A2A, 4.57% 4/17/2028  | 985000 | 986753 |
| Mercedes-Benz Auto Receivables Trust Series 2022-1 Class A3, 5.21% 8/16/2027  | 564580 | 566263 |
| Mercedes-Benz Auto Receivables Trust Series 2024-1 Class A2A, 5.06% 5/17/2027  | 244457 | 244620 |
| Nissan Master Owner Tr Receivable Series 2024-A Class A, U.S. 30-Day Avg. SOFR Index + 0.67%, 5.0023% 2/15/2028 (b)(c)(d) | 1500000 | 1500745 |
| Porsche Financial Auto Securitization Trust Series 2024-1A Class A2A, 4.45% 1/24/2028 (b) | 988373 | 987592 |
| Porsche Innovative Lease Owner Trust Series 2025-1A Class A2A, 4.6% 12/20/2027 (b) | 800000 | 800730 |
| Santander Drive Auto Receivables Trust Series 2024-3 Class A2, 5.91% 6/15/2027  | 157790 | 157940 |
| Santander Drive Auto Receivables Trust Series 2025-2 Class A2, 4.71% 6/15/2028  | 1500000 | 1500032 |
| SBNA Auto Lease Trust Series 2024-B Class A2, 5.67% 11/20/2026 (b) | 275240 | 275645 |
| SBNA Auto Lease Trust Series 2024-B Class A3, 5.56% 11/22/2027 (b) | 498000 | 502138 |
| SBNA Auto Lease Trust Series 2024-C Class A2, 4.94% 11/20/2026 (b) | 338014 | 338080 |
| SBNA Auto Lease Trust Series 2024-C Class A3, 4.56% 2/22/2028 (b) | 800000 | 799216 |
| SBNA Auto Lease Trust Series 2025-A Class A3, 4.83% 4/20/2028 (b) | 600000 | 601572 |
| SFAST Series 2025-1A Class A2, 4.65% 5/22/2028 (b) | 1088120 | 1088008 |
| SFS Auto Receivables Securitization Trust Series 2024-1A Class A2, 5.35% 6/21/2027 (b) | 51244 | 51281 |
| SFS Auto Receivables Securitization Trust Series 2024-2A Class A2, 5.71% 10/20/2027 (b) | 362383 | 363316 |
| Sfs Auto Receivables Securitization Trust Series 2024-3A Class A2, 4.71% 5/22/2028 (b) | 385152 | 385036 |
| Tesla Auto Lease Trust Series 2024-B Class A2A, 4.79% 1/20/2027 (b) | 457050 | 457021 |
| Tesla Electric Vehicle Trust Series 2023-1 Class A2A, 5.54% 12/21/2026 (b) | 345516 | 346059 |
| Tesla Series 2024-A Class A2A, 5.37% 6/22/2026 (b) | 14749 | 14759 |
| Toyota Auto Loan Extended Note Trust Series 2021-1A Class A, 1.07% 2/27/2034 (b) | 1400000 | 1364894 |
| Toyota Auto Receivables 2022-C Owner Tr Series 2022-C Class A3, 3.76% 4/15/2027  | 160862 | 160284 |
| Toyota Auto Receivables Owner Trust Series 2023-A Class A3, 4.63% 9/15/2027  | 546444 | 546490 |
| Toyota Auto Receivables Owner Trust Series 2024-B Class A2B, U.S. 30-Day Avg. SOFR Index + 0.35%, 4.6823% 3/15/2027 (c)(d) | 475182 | 475171 |
| Toyota Auto Receivables Owner Trust Series 2025-B Class A2A, 4.46% 3/15/2028  | 1550000 | 1550506 |
| Toyota Lease Owner Trust Series 2023-A Class A3, 4.93% 4/20/2026 (b) | 127217 | 127244 |
| Toyota Lease Owner Trust Series 2023-B Class A3, 5.66% 11/20/2026 (b) | 1095344 | 1099416 |
| Toyota Lease Owner Trust Series 2025-A Class A2A, 4.58% 7/20/2027 (b) | 905000 | 906074 |
| Verizon Master Trust Series 2022-6 Class A, 3.67% 1/22/2029 (e) | 700000 | 699177 |
| Verizon Master Trust Series 2025-3 Class A1B, U.S. 30-Day Avg. SOFR Index + 0.55%, 4.8823% 3/20/2030 (c)(d) | 1675000 | 1675283 |
| Volkswagen Auto Lease Trust Series 2023-A Class A3, 5.81% 10/20/2026  | 511416 | 513715 |
| Volkswagen Auto Lease Trust Series 2024-A Class A2B, U.S. 30-Day Avg. SOFR Index + 0.47%, 4.7966% 12/21/2026 (c)(d) | 882921 | 881942 |
| Volkswagen Auto Loan Enhanced Trust Series 2024-1 Class A2A, 4.65% 11/22/2027  | 1171483 | 1172087 |
| Volvo Financial Equipment LLC Series 2024-1A Class A2, 4.56% 5/17/2027 (b) | 672000 | 671688 |
| Wheels Fleet Lease Funding 1 LLC Series 2025-1A Class A2, CME Term SOFR 1 month Index + 0%, 4.9868% 1/18/2040 (b)(c)(d) | 1465000 | 1465256 |
| Woart Series 2025-B Class A2A, 4.38% 8/15/2028  | 1570000 | 1568168 |
| World Omni Auto Receivables Trust 2022-A Series 2022-A Class A3, 1.66% 5/17/2027  | 203061 | 201725 |
| World Omni Auto Receivables Trust Series 2024-B Class A2A, 5.48% 9/15/2027  | 374593 | 375305 |
| World Omni Auto Receivables Trust Series 2025-A Class A2A, 4.49% 4/17/2028  | 1075000 | 1074728 |
| World Omni Automobile Lease Securitization Trst Series 2023-A Class A3, 5.07% 9/15/2026  | 149160 | 149240 |
| World Omni Automobile Lease Securitization Trust Series 2024-A Class A2B, 4.7623% 2/16/2027 (c) | 442690 | 442802 |
| World Omni Select Auto Trust Series 2024-A Class A2A, 5.37% 2/15/2028  | 555211 | 556537 |
| TOTAL UNITED STATES |  | 85294331 |
| <br> **TOTAL ASSET-BACKED SECURITIES**<br> (Cost $85,188,497) |  | <br> **85294331** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 40.1%** | &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 40.1%** | &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 40.1%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| AUSTRALIA - 0.7%  |  |  |
| Financials - 0.4% |  |  |
| Banks - 0.4% |  |  |
| Commonwealth Bank of Australia U.S. SOFR Index + 0.46%, 4.7382% 11/27/2026 (b)(c)(d) | 2000000 | 2002590 |
| Materials - 0.3% |  |  |
| Metals & Mining - 0.3% |  |  |
| Glencore Funding LLC 1.625% 4/27/2026 (b) | 300000 | 291961 |
| Glencore Funding LLC U.S. SOFR Averages Index + 0.75%, 5.0901% 10/1/2026 (b)(c)(d) | 1575000 | 1576007 |
|  |  | 1867968 |
| TOTAL AUSTRALIA |  | 3870558 |
| CANADA - 3.7%  |  |  |
| Energy - 0.3% |  |  |
| Oil, Gas & Consumable Fuels - 0.3% |  |  |
| Canadian Natural Resources Ltd 2.05% 7/15/2025  | 900000 | 897035 |
| Enbridge Inc 4.25% 12/1/2026  | 900000 | 895800 |
|  |  | 1792835 |
| Financials - 3.4% |  |  |
| Banks - 3.4% |  |  |
| Bank of Montreal 0.949% 1/22/2027 (c) | 960000 | 936924 |
| Bank of Montreal 4.567% 9/10/2027 (c) | 1776000 | 1774553 |
| Bank of Montreal 5.92% 9/25/2025  | 1000000 | 1004225 |
| Bank of Montreal U.S. SOFR Averages Index + 0.88%, 5.2241% 9/10/2027 (c)(d) | 1380000 | 1383078 |
| Bank of Nova Scotia/The 2.7% 8/3/2026  | 1600000 | 1568928 |
| Bank of Nova Scotia/The 5.45% 6/12/2025  | 1000000 | 1000209 |
| Federation des Caisses Desjardins du Quebec U.S. SOFR Index + 0.63%, 4.9466% 1/27/2027 (b)(c)(d) | 1500000 | 1503650 |
| National Bank of Canada 4.95% 2/1/2028 (c) | 1466000 | 1472319 |
| Royal Bank of Canada 5.069% 7/23/2027 (c) | 1700000 | 1711236 |
| Royal Bank of Canada U.S. SOFR Averages Index + 0.72%, 5.0396% 10/18/2027 (c)(d) | 1400000 | 1400771 |
| Royal Bank of Canada U.S. SOFR Averages Index + 0.82%, 5.1619% 3/27/2028 (c)(d) | 1300000 | 1299567 |
| Toronto Dominion Bank U.S. SOFR Index + 0.48%, 4.8096% 10/10/2025 (c)(d) | 1600000 | 1601088 |
| Toronto Dominion Bank U.S. SOFR Index + 0.62%, 4.9613% 12/17/2026 (c)(d) | 1900000 | 1901424 |
|  |  | 18557972 |
| TOTAL CANADA |  | 20350807 |
| DENMARK - 0.4%  |  |  |
| Financials - 0.4% |  |  |
| Banks - 0.4% |  |  |
| Danske Bank A/S 1.621% 9/11/2026 (b)(c) | 1300000 | 1287700 |
| Danske Bank A/S 6.259% 9/22/2026 (b)(c) | 1000000 | 1003768 |
| TOTAL DENMARK |  | 2291468 |
| FINLAND - 0.3%  |  |  |
| Financials - 0.3% |  |  |
| Banks - 0.3% |  |  |
| Nordea Bank Abp U.S. SOFR Index + 0.7%, 5.0413% 3/17/2028 (b)(c)(d) | 1520000 | 1520793 |
| FRANCE - 0.8%  |  |  |
| Financials - 0.8% |  |  |
| Banks - 0.8% |  |  |
| BNP Paribas SA 2.219% 6/9/2026 (b)(c) | 930000 | 929524 |
| BNP Paribas SA 2.591% 1/20/2028 (b)(c) | 550000 | 530885 |
| Credit Agricole SA 1.247% 1/26/2027 (b)(c) | 1000000 | 976880 |
| Credit Agricole SA 5.589% 7/5/2026 (b) | 1500000 | 1518811 |
| Credit Agricole SA/London 1.907% 6/16/2026 (b)(c) | 610000 | 609300 |
| TOTAL FRANCE |  | 4565400 |
| GERMANY - 2.3%  |  |  |
| Consumer Discretionary - 1.4% |  |  |
| Automobiles - 1.4% |  |  |
| BMW US Capital LLC U.S. SOFR Averages Index + 0.8%, 5.0885% 8/13/2026 (b)(c)(d) | 1300000 | 1304521 |
| Mercedes-Benz Finance North America LLC U.S. SOFR Index + 0.63%, 4.9506% 7/31/2026 (b)(c)(d) | 900000 | 900459 |
| Mercedes-Benz Finance North America LLC U.S. SOFR Index + 0.78%, 5.1201% 4/1/2027 (b)(c)(d) | 1600000 | 1598289 |
| Volkswagen Group of America Finance LLC 5.8% 9/12/2025 (b) | 1000000 | 1001599 |
| Volkswagen Group of America Finance LLC U.S. SOFR Index + 0.83%, 5.1713% 3/20/2026 (b)(c)(d) | 1600000 | 1602270 |
| Volkswagen Group of America Finance LLC U.S. SOFR Index + 1.06%, 5.3485% 8/14/2026 (b)(c)(d) | 1279000 | 1283162 |
|  |  | 7690300 |
| Financials - 0.7% |  |  |
| Capital Markets - 0.7% |  |  |
| Deutsche Bank AG/New York NY 2.129% 11/24/2026 (c) | 1559000 | 1537189 |
| Deutsche Bank AG/New York NY 6.119% 7/14/2026 (c) | 1200000 | 1201266 |
| Deutsche Bank AG/New York NY 7.146% 7/13/2027 (c) | 1300000 | 1330859 |
|  |  | 4069314 |
| Health Care - 0.2% |  |  |
| Pharmaceuticals - 0.2% |  |  |
| Bayer US Finance II LLC 4.25% 12/15/2025 (b) | 1000000 | 996282 |
| TOTAL GERMANY |  | 12755896 |
| IRELAND - 0.6%  |  |  |
| Financials - 0.6% |  |  |
| Banks - 0.2% |  |  |
| Bank of Ireland Group PLC 2.029% 9/30/2027 (b)(c) | 1300000 | 1252867 |
| Consumer Finance - 0.4% |  |  |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust 2.45% 10/29/2026  | 1000000 | 969194 |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust 4.45% 10/1/2025  | 1000000 | 998744 |
|  |  | 1967938 |
| TOTAL IRELAND |  | 3220805 |
| ITALY - 0.5%  |  |  |
| Utilities - 0.5% |  |  |
| Electric Utilities - 0.5% |  |  |
| Enel Finance International NV 1.625% 7/12/2026 (b)(e) | 1300000 | 1256615 |
| Enel Finance International NV 7.05% 10/14/2025 (b)(e) | 1400000 | 1409692 |
| TOTAL ITALY |  | 2666307 |
| JAPAN - 0.6%  |  |  |
| Financials - 0.6% |  |  |
| Banks - 0.6% |  |  |
| Mizuho Financial Group Inc 1.234% 5/22/2027 (c) | 960000 | 929117 |
| Sumitomo Mitsui Financial Group Inc 1.402% 9/17/2026  | 1000000 | 960926 |
| Sumitomo Mitsui Financial Group Inc 2.632% 7/14/2026  | 1400000 | 1371792 |
| TOTAL JAPAN |  | 3261835 |
| NETHERLANDS - 1.6%  |  |  |
| Financials - 1.2% |  |  |
| Banks - 1.2% |  |  |
| ABN AMRO Bank NV U.S. SOFR Averages Index + 1.78%, 6.1214% 9/18/2027 (b)(c)(d) | 1100000 | 1110934 |
| Cooperatieve Rabobank UA 1.004% 9/24/2026 (b)(c) | 1400000 | 1382880 |
| Cooperatieve Rabobank UA 1.339% 6/24/2026 (b)(c) | 1435000 | 1431590 |
| Cooperatieve Rabobank UA/NY 4.333% 8/28/2026  | 1100000 | 1099336 |
| ING Groep NV 1.726% 4/1/2027 (c) | 1300000 | 1268859 |
|  |  | 6293599 |
| Information Technology - 0.4% |  |  |
| Semiconductors & Semiconductor Equipment - 0.4% |  |  |
| NXP BV / NXP Funding LLC / NXP USA Inc 3.875% 6/18/2026  | 1122000 | 1112881 |
| NXP BV / NXP Funding LLC 5.35% 3/1/2026  | 1100000 | 1105663 |
|  |  | 2218544 |
| TOTAL NETHERLANDS |  | 8512143 |
| SWEDEN - 0.3%  |  |  |
| Financials - 0.3% |  |  |
| Banks - 0.3% |  |  |
| Swedbank AB 6.136% 9/12/2026 (b) | 1500000 | 1530197 |
| SWITZERLAND - 1.0%  |  |  |
| Financials - 1.0% |  |  |
| Capital Markets - 1.0% |  |  |
| UBS Group AG 1.364% 1/30/2027 (b)(c) | 1300000 | 1271066 |
| UBS Group AG 1.494% 8/10/2027 (b)(c) | 1600000 | 1539360 |
| UBS Group AG 2.193% 6/5/2026 (b)(c) | 750000 | 749853 |
| UBS Group AG 4.703% 8/5/2027 (b)(c) | 910000 | 909313 |
| UBS Group AG 6.373% 7/15/2026 (b)(c) | 1000000 | 1001396 |
| TOTAL SWITZERLAND |  | 5470988 |
| UNITED KINGDOM - 3.4%  |  |  |
| Consumer Staples - 0.4% |  |  |
| Tobacco - 0.4% |  |  |
| BAT International Finance PLC 3.95% 6/15/2025 (b) | 900000 | 899544 |
| Reynolds American Inc 4.45% 6/12/2025  | 1250000 | 1249906 |
|  |  | 2149450 |
| Financials - 2.7% |  |  |
| Banks - 2.7% |  |  |
| Barclays PLC 4.375% 1/12/2026  | 1250000 | 1246990 |
| Barclays PLC 5.304% 8/9/2026 (c) | 1820000 | 1821619 |
| Barclays PLC 5.829% 5/9/2027 (c) | 1300000 | 1311865 |
| Barclays PLC 7.325% 11/2/2026 (c) | 1400000 | 1414303 |
| HSBC Holdings PLC 2.099% 6/4/2026 (c) | 1000000 | 999852 |
| HSBC Holdings PLC 5.887% 8/14/2027 (c) | 1500000 | 1518611 |
| Lloyds Banking Group PLC 1.627% 5/11/2027 (c) | 1600000 | 1554623 |
| Lloyds Banking Group PLC U.S. SOFR Averages Index + 1.56%, 5.875% 8/7/2027 (c)(d) | 500000 | 503814 |
| NatWest Group PLC 1.642% 6/14/2027 (c) | 1300000 | 1259610 |
| NatWest Group PLC 5.847% 3/2/2027 (c) | 1500000 | 1512141 |
| NatWest Group PLC 7.472% 11/10/2026 (c) | 1400000 | 1416079 |
|  |  | 14559507 |
| Health Care - 0.3% |  |  |
| Pharmaceuticals - 0.3% |  |  |
| GlaxoSmithKline Capital PLC U.S. SOFR Index + 0.5%, 4.8428% 3/12/2027 (c)(d) | 1707000 | 1711113 |
| TOTAL UNITED KINGDOM |  | 18420070 |
| UNITED STATES - 23.9%  |  |  |
| Communication Services - 0.3% |  |  |
| Wireless Telecommunication Services - 0.3% |  |  |
| Sprint LLC 7.625% 3/1/2026  | 1300000 | 1314291 |
| T-Mobile USA Inc 1.5% 2/15/2026  | 500000 | 488333 |
|  |  | 1802624 |
| Consumer Discretionary - 1.7% |  |  |
| Automobiles - 1.3% |  |  |
| American Honda Finance Corp 4.95% 1/9/2026  | 786000 | 787328 |
| American Honda Finance Corp 5.8% 10/3/2025  | 1000000 | 1003925 |
| American Honda Finance Corp U.S. SOFR Index + 0.45%, 4.7917% 6/13/2025 (c)(d) | 1200000 | 1200100 |
| American Honda Finance Corp U.S. SOFR Index + 0.55%, 4.8391% 5/11/2026 (c)(d) | 1400000 | 1399013 |
| American Honda Finance Corp U.S. SOFR Index + 0.65%, 4.9389% 5/20/2026 (c)(d) | 1600000 | 1601088 |
| Hyundai Capital America 5.45% 6/24/2026 (b) | 737000 | 740676 |
|  |  | 6732130 |
| Specialty Retail - 0.4% |  |  |
| Home Depot Inc/The U.S. SOFR Index + 0.33%, 4.6738% 12/24/2025 (c)(d) | 960000 | 960966 |
| Ross Stores Inc 0.875% 4/15/2026  | 1400000 | 1356852 |
|  |  | 2317818 |
| TOTAL CONSUMER DISCRETIONARY |  | 9049948 |
| Consumer Staples - 1.3% |  |  |
| Beverages - 0.3% |  |  |
| Keurig Dr Pepper Inc U.S. SOFR Index + 0.58%, 4.8863% 11/15/2026 (c)(d) | 1760000 | 1762622 |
| Consumer Staples Distribution & Retail - 0.5% |  |  |
| Mars Inc 4.45% 3/1/2027 (b) | 643000 | 643623 |
| Walmart Inc U.S. SOFR Averages Index + 0.43%, 4.7471% 4/28/2027 (c)(d) | 1433000 | 1436640 |
|  |  | 2080263 |
| Food Products - 0.3% |  |  |
| McCormick & Co Inc/MD 0.9% 2/15/2026  | 1858000 | 1809680 |
| Tobacco - 0.2% |  |  |
| Altria Group Inc 4.4% 2/14/2026  | 1250000 | 1248132 |
| TOTAL CONSUMER STAPLES |  | 6900697 |
| Energy - 0.9% |  |  |
| Oil, Gas & Consumable Fuels - 0.9% |  |  |
| Chevron USA Inc U.S. SOFR Averages Index + 0.36%, 4.6382% 2/26/2027 (c)(d) | 1435000 | 1435215 |
| DCP Midstream Operating LP 5.375% 7/15/2025  | 1130000 | 1130287 |
| Energy Transfer LP 5.95% 12/1/2025  | 670000 | 671854 |
| Transcontinental Gas Pipe Line Co LLC 7.85% 2/1/2026  | 1300000 | 1316025 |
| Williams Cos Inc/The 5.4% 3/2/2026  | 400000 | 401993 |
|  |  | 4955374 |
| Financials - 16.1% |  |  |
| Banks - 8.8% |  |  |
| Bank of America Corp 1.319% 6/19/2026 (c) | 1000000 | 998056 |
| Bank of America Corp 1.658% 3/11/2027 (c) | 1200000 | 1172281 |
| Bank of America Corp 3.559% 4/23/2027 (c) | 1600000 | 1583610 |
| Bank of America Corp 4.827% 7/22/2026 (c) | 900000 | 899897 |
| Bank of America NA 5.65% 8/18/2025  | 1000000 | 1001448 |
| Citibank NA 5.864% 9/29/2025  | 1000000 | 1003009 |
| Citibank NA U.S. SOFR Index + 0.708%, 5.0107% 8/6/2026 (c)(d) | 1300000 | 1302015 |
| Citibank NA U.S. SOFR Index + 0.712%, 4.9986% 11/19/2027 (c)(d) | 1400000 | 1398597 |
| Citibank NA U.S. SOFR Index + 0.781%, 5.1013% 5/29/2027 (c)(d) | 1000000 | 1000464 |
| Citigroup Inc 1.122% 1/28/2027 (c) | 700000 | 683362 |
| Citigroup Inc 1.462% 6/9/2027 (c) | 700000 | 676697 |
| Citigroup Inc 5.61% 9/29/2026 (c) | 1650000 | 1653799 |
| Citigroup Inc U.S. SOFR Index + 1.1143%, 5.437% 5/7/2028 (c)(d) | 1300000 | 1302818 |
| Huntington National Bank/The U.S. SOFR Index + 0.72%, 5.0452% 4/12/2028 (c)(d) | 1223000 | 1220089 |
| JPMorgan Chase & Co 1.04% 2/4/2027 (c) | 1500000 | 1463619 |
| JPMorgan Chase & Co 1.045% 11/19/2026 (c) | 710000 | 697530 |
| JPMorgan Chase & Co 1.47% 9/22/2027 (c) | 700000 | 672229 |
| JPMorgan Chase & Co 1.578% 4/22/2027 (c) | 1600000 | 1558118 |
| JPMorgan Chase & Co 3.96% 1/29/2027 (c) | 1200000 | 1194972 |
| Morgan Stanley Bank NA 5.479% 7/16/2025  | 1000000 | 1000452 |
| Morgan Stanley Bank NA U.S. SOFR Index + 0.685%, 5.0087% 10/15/2027 (c)(d) | 1400000 | 1400237 |
| Morgan Stanley Bank NA U.S. SOFR Index + 1.165%, 5.4851% 10/30/2026 (c)(d) | 900000 | 906788 |
| PNC Financial Services Group Inc/The 4.758% 1/26/2027 (c) | 1500000 | 1500855 |
| PNC Financial Services Group Inc/The 5.102% 7/23/2027 (c) | 1500000 | 1508823 |
| PNC Financial Services Group Inc/The 5.812% 6/12/2026 (c) | 1710000 | 1710343 |
| PNC Financial Services Group Inc/The 6.615% 10/20/2027 (c) | 850000 | 873924 |
| Santander Holdings USA Inc 3.45% 6/2/2025  | 1050000 | 1050000 |
| Santander Holdings USA Inc 4.5% 7/17/2025  | 1300000 | 1299252 |
| Truist Financial Corp 4.26% 7/28/2026 (c) | 888000 | 886984 |
| Truist Financial Corp 5.9% 10/28/2026 (c) | 1400000 | 1406027 |
| Truist Financial Corp 6.047% 6/8/2027 (c) | 2000000 | 2025820 |
| US Bancorp 5.727% 10/21/2026 (c) | 1376000 | 1381178 |
| US Bancorp 6.787% 10/26/2027 (c) | 1200000 | 1235585 |
| US Bank NA/Cincinnati OH 4.507% 10/22/2027 (c) | 698000 | 697176 |
| US Bank NA/Cincinnati OH U.S. SOFR Index + 0.91%, 5.1985% 5/15/2028 (c)(d) | 2100000 | 2103486 |
| Wells Fargo & Co 3.196% 6/17/2027 (c) | 1500000 | 1478439 |
| Wells Fargo & Co 4.54% 8/15/2026 (c) | 1600000 | 1599353 |
| Wells Fargo & Co U.S. SOFR Index + 0.78%, 5.0966% 1/24/2028 (c)(d) | 1500000 | 1494075 |
| Wells Fargo Bank NA U.S. SOFR Index + 0.8%, 5.1126% 8/1/2025 (c)(d) | 750000 | 750342 |
|  |  | 47791749 |
| Capital Markets - 3.9% |  |  |
| Athene Global Funding 1.608% 6/29/2026 (b) | 1250000 | 1210597 |
| Athene Global Funding 4.86% 8/27/2026 (b) | 2300000 | 2305320 |
| Athene Global Funding U.S. SOFR Averages Index + 0.83%, 5.1642% 1/7/2027 (b)(c)(d) | 2000000 | 2002165 |
| Bank of New York Mellon Corp/The 4.947% 4/26/2027 (c) | 1600000 | 1607367 |
| Bank of New York Mellon/The U.S. SOFR Averages Index + 0.71%, 5.0293% 4/20/2027 (c)(d) | 2000000 | 2005463 |
| Goldman Sachs Group Inc/The 1.093% 12/9/2026 (c) | 1700000 | 1667765 |
| Goldman Sachs Group Inc/The 1.431% 3/9/2027 (c) | 1805000 | 1759569 |
| Goldman Sachs Group Inc/The 1.542% 9/10/2027 (c) | 1200000 | 1152236 |
| Goldman Sachs Group Inc/The 5.798% 8/10/2026 (c) | 1600000 | 1602951 |
| Goldman Sachs Group Inc/The U.S. SOFR Index + 1.29%, 5.6072% 4/23/2028 (c)(d) | 1119000 | 1125849 |
| Morgan Stanley 1.512% 7/20/2027 (c) | 1750000 | 1688511 |
| Morgan Stanley 1.593% 5/4/2027 (c) | 1650000 | 1603326 |
| State Street Bank & Trust Co U.S. SOFR Index + 0.46%, 4.7364% 11/25/2026 (c)(d) | 831000 | 831127 |
| State Street Corp U.S. SOFR Index + 0.95%, 5.2666% 4/24/2028 (c)(d) | 699000 | 702585 |
|  |  | 21264831 |
| Consumer Finance - 1.3% |  |  |
| American Express Co 3.95% 8/1/2025  | 700000 | 699640 |
| American Express Co 5.389% 7/28/2027 (c) | 300000 | 302675 |
| American Express Co 5.645% 4/23/2027 (c) | 1000000 | 1009005 |
| American Express Co 6.338% 10/30/2026 (c) | 1374000 | 1383408 |
| Toyota Motor Credit Corp 5.6% 9/11/2025  | 1000000 | 1003065 |
| Toyota Motor Credit Corp U.S. SOFR Averages Index + 0.45%, 4.7796% 4/10/2026 (c)(d) | 1400000 | 1400279 |
| Toyota Motor Credit Corp U.S. SOFR Index + 0.77%, 5.064% 8/7/2026 (c)(d) | 1309000 | 1314031 |
|  |  | 7112103 |
| Financial Services - 1.0% |  |  |
| CNH Industrial Capital LLC 5.45% 10/14/2025  | 1500000 | 1504961 |
| Corebridge Global Funding 5.35% 6/24/2026 (b) | 1360000 | 1371644 |
| Corebridge Global Funding U.S. SOFR Index + 1.3%, 5.6416% 9/25/2026 (b)(c)(d) | 1870000 | 1883165 |
| PayPal Holdings Inc 1.65% 6/1/2025  | 800000 | 799999 |
|  |  | 5559769 |
| Insurance - 1.1% |  |  |
| Equitable Financial Life Global Funding 1.7% 11/12/2026 (b) | 1400000 | 1345074 |
| Equitable Financial Life Global Funding 4.6% 4/1/2027 (b) | 947000 | 946629 |
| Jackson National Life Global Funding 4.9% 1/13/2027 (b) | 1164000 | 1168422 |
| Protective Life Global Funding 5.209% 4/14/2026 (b) | 1000000 | 1006006 |
| Trinity Acq PLC 4.4% 3/15/2026  | 1600000 | 1593943 |
|  |  | 6060074 |
| TOTAL FINANCIALS |  | 87788526 |
| Health Care - 0.7% |  |  |
| Biotechnology - 0.3% |  |  |
| Gilead Sciences Inc 3.65% 3/1/2026  | 1500000 | 1490080 |
| Health Care Providers & Services - 0.3% |  |  |
| CVS Health Corp 3.875% 7/20/2025  | 1650000 | 1647813 |
| Pharmaceuticals - 0.1% |  |  |
| Bristol-Myers Squibb Co U.S. SOFR Index + 0.49%, 4.7742% 2/20/2026 (c)(d) | 654000 | 655101 |
| TOTAL HEALTH CARE |  | 3792994 |
| Industrials - 0.5% |  |  |
| Industrial Conglomerates - 0.3% |  |  |
| Trane Technologies Financing Ltd 3.5% 3/21/2026  | 1440000 | 1429455 |
| Machinery - 0.2% |  |  |
| Caterpillar Financial Services Corp U.S. SOFR Index + 0.69%, 5.0118% 10/16/2026 (c)(d) | 1300000 | 1305251 |
| TOTAL INDUSTRIALS |  | 2734706 |
| Information Technology - 0.6% |  |  |
| Electronic Equipment, Instruments & Components - 0.1% |  |  |
| Dell International LLC / EMC Corp 6.02% 6/15/2026  | 700000 | 706483 |
| Software - 0.4% |  |  |
| VMware LLC 1.4% 8/15/2026  | 1700000 | 1636833 |
| Technology Hardware, Storage & Peripherals - 0.1% |  |  |
| Hewlett Packard Enterprise Co 4.45% 9/25/2026  | 654000 | 653044 |
| TOTAL INFORMATION TECHNOLOGY |  | 2996360 |
| Materials - 0.0% |  |  |
| Chemicals - 0.0% |  |  |
| International Flavors & Fragrances Inc 1.23% 10/1/2025 (b) | 370000 | 365406 |
| Real Estate - 0.4% |  |  |
| Office REITs - 0.3% |  |  |
| COPT Defense Properties LP 2.25% 3/15/2026  | 1550000 | 1517499 |
| Specialized REITs - 0.1% |  |  |
| American Tower Corp 1.3% 9/15/2025  | 527000 | 521426 |
| TOTAL REAL ESTATE |  | 2038925 |
| Utilities - 1.4% |  |  |
| Electric Utilities - 1.0% |  |  |
| DTE Electric Co 4.25% 5/14/2027  | 281000 | 279452 |
| Oncor Electric Delivery Co LLC 4.5% 3/20/2027 (b) | 927000 | 928760 |
| Pacific Gas and Electric Co 3.5% 6/15/2025  | 1064000 | 1063166 |
| Pacific Gas and Electric Co U.S. SOFR Averages Index + 0.95%, 5.2983% 9/4/2025 (c)(d) | 1800000 | 1799832 |
| Southern California Edison Co 3.7% 8/1/2025  | 1380000 | 1375883 |
|  |  | 5447093 |
| Independent Power and Renewable Electricity Producers - 0.1% |  |  |
| Constellation Energy Generation LLC 3.25% 6/1/2025  | 850000 | 849837 |
| Multi-Utilities - 0.3% |  |  |
| Dominion Energy Inc 1.45% 4/15/2026  | 1500000 | 1459550 |
| TOTAL UTILITIES |  | 7756480 |
| TOTAL UNITED STATES |  | 130182040 |
| <br> **TOTAL NON-CONVERTIBLE CORPORATE BONDS**<br> (Cost $218,116,489) |  | <br> **218619307** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Certificates of Deposit - 8.1%** | &nbsp;&nbsp;**Certificates of Deposit - 8.1%** | &nbsp;&nbsp;**Certificates of Deposit - 8.1%** | &nbsp;&nbsp;**Certificates of Deposit - 8.1%** |
|  | Yield (%) (f) | Principal<br> Amount (a)<br>| Value ($)<br>|
| Bank of Nova Scotia/Houston yankee U.S. SOFR Index + 0.35%, 4.68% 10/10/2025 (c)(d) | 4.68 | 2000000 | 2000886 |
| Bank of Nova Scotia/Houston yankee U.S. SOFR Index + 0.35%, 4.68% 12/19/2025 (c)(d) | 4.68 | 2200000 | 2201071 |
| Barclays Bank PLC/NY yankee U.S. SOFR Index + 0.34%, 4.67% 12/31/2025 (c)(d) | 4.67 | 2000000 | 2000645 |
| Canadian Imperial Bank of Commerce/New York NY yankee U.S. SOFR Index + 0.35%, 4.68% 9/23/2025 (c)(d) | 4.68 | 2000000 | 2001298 |
| Canadian Imperial Bank of Commerce/New York NY yankee U.S. SOFR Index + 0.38%, 4.71% 12/22/2025 (c)(d) | 4.71 | 2000000 | 2002276 |
| Mitsubishi UFJ Trust & Banking Corp/NY yankee U.S. SOFR Index + 0.38%, 4.71% 1/9/2026 (c)(d) | 4.71 | 1500000 | 1500908 |
| Mitsubishi UFJ Trust & Banking Corp/NY yankee U.S. SOFR Index + 0.38%, 4.71% 7/23/2025 (c)(d) | 4.71 | 1500000 | 1500582 |
| Mitsubishi UFJ Trust & Banking Corp/NY yankee U.S. SOFR Index + 0.38%, 4.71% 9/9/2025 (c)(d) | 4.71 | 1800000 | 1800987 |
| Mitsubishi UFJ Trust & Banking Corp/NY yankee U.S. SOFR Index + 0.4%, 4.73% 11/12/2025 (c)(d) | 4.73 | 2000000 | 2001536 |
| Mizuho Bank Ltd/New York NY yankee U.S. SOFR Index + 0.35%, 4.68% 1/30/2026 (c)(d) | 4.68 | 2000000 | 2001156 |
| Mizuho Bank Ltd/New York NY yankee U.S. SOFR Index + 0.35%, 4.68% 11/17/2025 (c)(d) | 4.68 | 2200000 | 2201460 |
| Mizuho Bank Ltd/New York NY yankee U.S. SOFR Index + 0.35%, 4.68% 5/4/2026 (c)(d) | 4.68 | 1500000 | 1500021 |
| Mizuho Bank Ltd/New York NY yankee U.S. SOFR Index + 0.4%, 4.73% 5/8/2026 (c)(d) | 4.73 | 1000000 | 1000579 |
| State Street Bank & Trust Co U.S. SOFR Index + 0.27%, 4.6% 10/10/2025 (c)(d) | 4.60 | 2000000 | 2000221 |
| State Street Bank & Trust Co U.S. SOFR Index + 0.32%, 4.65% 11/17/2025 (c)(d) | 4.65 | 2200000 | 2200567 |
| Sumitomo Mitsui Banking Corp/New York yankee U.S. SOFR Index + 0.35%, 4.68% 11/18/2025 (c)(d) | 4.68 | 2200000 | 2201287 |
| Sumitomo Mitsui Trust NY yankee U.S. SOFR Index + 0.31%, 4.64% 11/4/2025 (c)(d) | 4.64 | 1000000 | 1000013 |
| Sumitomo Mitsui Trust NY yankee U.S. SOFR Index + 0.35%, 4.68% 11/19/2025 (c)(d) | 4.68 | 2200000 | 2201440 |
| Sumitomo Mitsui Trust NY yankee U.S. SOFR Index + 0.35%, 4.68% 12/3/2025 (c)(d) | 4.68 | 2000000 | 2001302 |
| Svenska Handelsbanken/New York NY U.S. SOFR Index + 0.34%, 4.67% 12/10/2025 (c)(d) | 4.67 | 2000000 | 2001654 |
| Svenska Handelsbanken/New York NY yankee U.S. SOFR Index + 0.35%, 4.68% 4/8/2026 (c)(d) | 4.68 | 1500000 | 1500833 |
| Svenska Handelsbanken/New York NY yankee U.S. SOFR Index + 0.35%, 4.68% 7/15/2025 (c)(d) | 4.68 | 1500000 | 1500472 |
| Svenska Handelsbanken/New York NY yankee U.S. SOFR Index + 0.4%, 4.73% 4/15/2026 (c)(d) | 4.73 | 1000000 | 1000982 |
| Toronto-Dominion Bank/NY yankee U.S. Federal Fund Daily Rate + 0.4%, 4.73% 8/22/2025 (c)(d) | 4.73 | 1500000 | 1500821 |
| UBS AG/Stamford CT yankee U.S. SOFR Index + 0.41%, 4.7735% 10/2/2026 (c)(d) | 4.77 | 1500000 | 1500040 |
| <br> **TOTAL CERTIFICATES OF DEPOSIT**<br> (Cost $44,300,000) |  |  | **44323037** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Commercial Paper - 5.8%** | &nbsp;&nbsp;**Commercial Paper - 5.8%** | &nbsp;&nbsp;**Commercial Paper - 5.8%** | &nbsp;&nbsp;**Commercial Paper - 5.8%** |
|  | Yield (%) (f) | Principal<br> Amount (a)<br>| Value ($)<br>|
| Bank of Montreal U.S. SOFR Index + 0.35%, 4.68% 8/7/2025 (c)(d) | 4.68 | 1400000 | 1400515 |
| Bank of Montreal U.S. SOFR Index + 0.45%, 4.87% 4/8/2026 (c)(d) | 4.87 | 1500000 | 1500967 |
| BofA Securities Inc U.S. SOFR Index + 0.39%, 4.72% 11/21/2025 (c)(d) | 4.72 | 2200000 | 2201079 |
| BofA Securities Inc U.S. SOFR Index + 0.4%, 4.73% 10/17/2025 (c)(d) | 4.73 | 2000000 | 2001093 |
| HSBC USA Inc 4.8% 8/15/2025  | 5.05 | 1400000 | 1386495 |
| HSBC USA Inc 5.52% 6/6/2025  | 5.85 | 1400000 | 1398813 |
| HSBC USA Inc U.S. SOFR Index + 0.55%, 4.88% 4/30/2026 (c)(d) | 4.88 | 1000000 | 1000003 |
| ING US Funding LLC U.S. SOFR Index + 0.21%, 4.54% 6/16/2025 (c)(d) | 4.54 | 2000000 | 2000114 |
| ING US Funding LLC U.S. SOFR Index + 0.3%, 4.6% 2/6/2026 (c)(d) | 4.60 | 1500000 | 1500327 |
| ING US Funding LLC U.S. SOFR Index + 0.35%, 4.61% 11/26/2025 (c)(d) | 4.61 | 2000000 | 2001372 |
| ING US Funding LLC yankee 4.47% 6/23/2025  | 4.58 | 2000000 | 1994185 |
| National Australia Bank Ltd U.S. SOFR Index + 0.25%, 4.58% 8/27/2025 (c)(d) | 4.58 | 2000000 | 2000633 |
| National Bank of Canada U.S. SOFR Index + 0.25%, 4.58% 12/17/2025 (c)(d) | 4.58 | 2000000 | 2000246 |
| National Bank of Canada yankee 4.31% 1/16/2026  | 4.50 | 2000000 | 1944825 |
| Royal Bank of Canada U.S. SOFR Index + 0.35%, 4.68% 7/9/2025 (c)(d) | 4.68 | 1500000 | 1500321 |
| Toronto Dominion Bank U.S. SOFR Index + 0.35%, 4.68% 10/3/2025 (c)(d) | 4.68 | 2000000 | 2001010 |
| Toronto Dominion Bank U.S. SOFR Index + 0.45%, 4.78% 4/27/2026 (c)(d) | 4.78 | 1000000 | 1000001 |
| TransCanada PipeLines Ltd 4.64% 7/22/2025  | 4.68 | 1500000 | 1489859 |
| Westpac Banking Corp U.S. SOFR Index + 0.4%, 4.73% 4/10/2026 (c)(d) | 4.73 | 1000000 | 1001261 |
| <br> **TOTAL COMMERCIAL PAPER**<br> (Cost $31,314,744) |  |  | **31323119** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 17.6%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 17.6%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 17.6%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 17.6%** |
|  | Yield (%) (f) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Bills 0% 6/12/2025  | 4.24 to 4.25 | 30000000 | 29964578 |
| US Treasury Bills 0% 7/10/2025  | 4.28 | 4000000 | 3982161 |
| US Treasury Bills 0% 7/3/2025  | 4.22 | 25000000 | 24909196 |
| US Treasury Bills 0% 8/7/2025  | 4.27 | 20000000 | 19844900 |
| US Treasury Notes 3.5% 9/30/2026  | 4.25 to 4.36 | 11000000 | 10922656 |
| US Treasury Notes 4.25% 1/31/2026  | 4.17 to 5.02 | 4500000 | 4498198 |
| US Treasury Notes 4.75% 7/31/2025  | 5.06 | 1700000 | 1701063 |
| <br> **TOTAL U.S. TREASURY OBLIGATIONS**<br> (Cost $95,771,591) |  |  | **95822752** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 12.2%** | &nbsp;&nbsp;**Money Market Funds - 12.2%** | &nbsp;&nbsp;**Money Market Funds - 12.2%** | &nbsp;&nbsp;**Money Market Funds - 12.2%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (g)<br>(Cost $66,569,885)<br>| 4.32 | 66556574 | **66569885** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 99.5%**<br> (Cost $541,261,206)<br>| <br>**541952431** |
| **NET OTHER ASSETS (LIABILITIES) - 0.5%**  | **2593850** |
| **NET ASSETS - 100.0%** | **544546281** |

---

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $88,922,897 or 16.3% of net assets.

(c) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

(d) Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.

(e) Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end.

(f) Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.

(g) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 68341494 | 191540759 | 193312368 | 2387253 | - | - | 66569885 | 66556574 | 0.1% |
| Total | 68341494 | 191540759 | 193312368 | 2387253 | - | - | 66569885 |  |  |

---

Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.

**Investment Valuation**

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.

The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - Unadjusted quoted prices in active markets for identical investments

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

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value investments by major category are as follows:

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Certificates of Deposit, Commercial Paper, U.S. Treasury Obligations and Non-Convertible Corporate Bonds are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. Asset-Backed Securities are valued by pricing services who utilize matrix pricing which considers prepayment speed assumptions, attributes of the collateral, yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

*The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.*

*Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Fidelity Salem Street Trust

- **b. Investment Company Act file number:** 811-02105

- **c. CIK number of Registrant:** 0000035315

- **d. LEI of Registrant:** S4W85DGKOEJ24DPRB829

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

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

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

- **a. Name of Series:** Fidelity Flex Conservative Income Bond Fund

- **b. EDGAR series identifier (if any):** S000062001

- **c. LEI of Series:** 549300FBTXVRBTFRQ531

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $542019733.85

**Total Liabilities:** $2152535.94

**Net Assets:** $539867197.91

**Cash Not Reported:** $1976552.63

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 7438.12816602 | **1-Year:** 20158.10276009 | **5-Year:** 7631.63412933 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 1225.78966000 | **1-Year:** 1060.00888000 | **5-Year:** 575.32788000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000200823 | 0.40%                | 0.38%                | 0.39%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $74819.75                | $-146732.19                                |
| Month 2  | $100948.28               | $-186763.33                                |
| Month 3  | $78739.23                | $-122009.13                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| PORSCHE INNOVATIVE LEASE OWNER TRUST 2025-1               | PORSCHE INNOVATIVE LEASE OWNER TRUST 2025-1 4.6% 12/20/2027 144A                    | CUSIP: 73329KAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    800000 | PA      | $800729.76    | 0.15%             | 2027-12-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                              | UBS GROUP AG 1.494%/VAR 08/10/2027 144A                                             | CUSIP: 902613AH1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1600000 | PA      | $1539359.68   | 0.29%             | 2027-08-10      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| SFS AUTO RECEIVABLES SECURITIZATION TRUST 2024-3          | SFS AUTO RECEIVABLES SECURITIZATION TRUST 2024-3 4.71% 05/22/2028 144A              | CUSIP: 78436XAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    385152 | PA      | $385035.72    | 0.07%             | 2028-05-22      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST 2025-2             | SANTANDER DRIVE AUTO RECEIVABLES TRUST 2025-2 4.71% 06/15/2028                      | CUSIP: 80287NAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1500031.65   | 0.28%             | 2028-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO and CO                                        | WELLS FARGO and CO NEW FRN SOFR+78 01/24/2028                                       | CUSIP: 95000U3S0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1494075.00   | 0.28%             | 2028-01-24      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PORSCHE FINANCIAL AUTO SECURITIZATION TRUST               | PORSCHE FINANCIAL AUTO SECURITIZATION TRUST 4.45% 01/24/2028 144A                   | CUSIP: 73328EAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    988373 | PA      | $987591.61    | 0.18%             | 2028-01-24      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HONDA AUTO RECEIVABLES 2024-2 OWNER TR                    | HONDA AUTO RECEIVABLES 2024-2 OWNER TR 5.48% 11/18/2026                             | CUSIP: 437930AB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    501836 | PA      | $502752.80    | 0.09%             | 2026-11-18      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                      | ROYAL BANK OF CANADA 5.069%/VAR 07/23/2027                                          | CUSIP: 78016HZX1<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1700000 | PA      | $1711236.01   | 0.32%             | 2027-07-23      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS and ELECTRIC CO                               | PACIFIC GAS and ELECTRIC CO FRN SOFRINDX+95 09/04/2025                              | CUSIP: 694308KS5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1799831.27   | 0.33%             | 2025-09-04      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| AFFIRM ASSET SECURITIZATION TR 2025-X1                    | AFFIRM ASSET SECURITIZATION TR 2025-X1 A 5.24% 04/15/2030 144A                      | CUSIP: 00834MAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    515000 | PA      | $514890.05    | 0.10%             | 2030-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE and CO                                     | JPMORGAN CHASE and CO 1.578%/VAR 04/22/2027                                         | CUSIP: 46647PCB0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1558117.52   | 0.29%             | 2027-04-22      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA HOUSTON BRANCH                        | BANK OF NOVA SCOTIA HOUSTON BR YCD SOFR+35 10/10/2025                               | CUSIP: 06418NDJ8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2000886.00   | 0.37%             | 2025-10-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO and CO                                        | WELLS FARGO and CO NEW 3.196%/VAR 06/17/2027                                        | CUSIP: 95000U2F9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1478439.33   | 0.27%             | 2027-06-17      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                              | BARCLAYS PLC T1Y+NA 11/02/2026                                                      | CUSIP: 06738ECC7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1400000 | PA      | $1414302.75   | 0.26%             | 2026-11-02      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| DLLAA 2025-1 LLC                                          | DLLAA 2025-1 LLC 4.7% 10/20/2027 144A                                               | CUSIP: 233249AB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    480000 | PA      | $480380.35    | 0.09%             | 2027-10-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG NEW YORK BNCH                            | DEUTSCHE BANK AG NEW YORK BNCH 6.119%/VAR 07/14/2026                                | CUSIP: 25160PAJ6<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1201265.63   | 0.22%             | 2026-07-14      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| HYUNDAI AUTO LEASE SECURITIZATION TRUST 2024-A            | HYUNDAI AUTO LEASE SECURITIZATION TRUST 2024-A 5.15% 06/15/2026 144A                | CUSIP: 448988AB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    232290 | PA      | $232471.32    | 0.04%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FORDO 2022-B A2B                                          | FORDO 2022-B A3 3.74% 09/15/2026                                                    | CUSIP: 34534LAD9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     91544 | PA      | $91447.95     | 0.02%             | 2026-09-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CHASE AUTO OWNER TRUST 24-3                               | CHASE AUTO OWNER TRUST 5.53% 09/27/2027 144A                                        | CUSIP: 16144LAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    279594 | PA      | $280300.79    | 0.05%             | 2027-09-27      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                     | ATHENE GLOBAL FUNDING 4.86% 08/27/2026 144A                                         | CUSIP: 04685A4A6<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2305320.20   | 0.43%             | 2026-08-27      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL AUTOMOBILE LEASING TRUST 2024-2              | GM FINANCIAL AUTOMOBILE LEASING TRUST 2024-2 5.43% 09/21/2026                       | CUSIP: 36269WAB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    561881 | PA      | $563156.99    | 0.10%             | 2026-09-21      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TOYOTA AUTO LN EXTD NT TR 2021-1                          | TOYOTA AUTO LN EXTD NT TR 2021-1 1.07% 02/27/2034 144A                              | CUSIP: 89237MAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1400000 | PA      | $1364894.02   | 0.25%             | 2034-02-27      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| HONDA AUTO RECEIVABLES OWNER TRUS                         | HONDA AUTO RECEIVABLES OWNER TRUS 4.53% 08/23/2027                                  | CUSIP: 43814VAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1500935.55   | 0.28%             | 2027-08-23      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TAOT 2023-A                                               | TAOT 2023-A A3 4.63% 09/15/2027                                                     | CUSIP: 891940AC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    546444 | PA      | $546490.27    | 0.10%             | 2027-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TRUST BANK LTC NY                         | SUMITOMO MITSUI TR BANK LTD NY YCD SOFR+35 12/03/2025                               | CUSIP: 86564PX63<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2001302.20   | 0.37%             | 2025-12-03      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GRP INC                            | PNC FINANCIAL SERVICES GRP INC 6.615%/VAR 10/20/2027                                | CUSIP: 693475BT1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    850000 | PA      | $873924.18    | 0.16%             | 2027-10-20      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GRP INC                            | PNC FINANCIAL SERVICES GRP INC 5.812%/VAR 06/12/2026                                | CUSIP: 693475BQ7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1710000 | PA      | $1710341.79   | 0.32%             | 2026-06-12      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                              | UBS GROUP AG 1.364%/VAR 01/30/2027 144A                                             | CUSIP: 902613AC2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1300000 | PA      | $1271065.69   | 0.24%             | 2027-01-30      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| TESLA ELEC VEH TR 2023-1                                  | TESLA ELEC VEH TR 2023-1 5.54% 12/21/2026 144A                                      | CUSIP: 881943AB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    345516 | PA      | $346058.86    | 0.06%             | 2026-12-21      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                             | GOLDMAN SACHS GROUP INC (THE) 1.093%/VAR 12/09/2026                                 | CUSIP: 38141GXM1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1667765.43   | 0.31%             | 2026-12-09      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| SWEDBANK AB                                               | SWEDBANK AB 6.136% 09/12/2026 144A                                                  | CUSIP: 87020PAX5<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |   1500000 | PA      | $1530197.00   | 0.28%             | 2026-09-12      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| STATE STREET BANK AND TRUST COMPANY                       | STATE ST BK and TR CO BOSTON CD SOFR+32 11/17/2025                                  | CUSIP: 8574P1PM2<br>LEI: 571474TGEMMWANRLN572 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2200566.72   | 0.41%             | 2025-11-17      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GM FINL CONSUMER AUTOMOBILE RECEIVABLES TR 2021-4         | GM FINL CONSUMER AUTOMOBILE RECEIVABLES TR 2021-4 A3 0.68% 09/16/2026               | CUSIP: 362554AC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     61879 | PA      | $61768.17     | 0.01%             | 2026-09-16      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                              | ING GROEP NV 1.726%/VAR 04/01/2027                                                  | CUSIP: 456837AV5<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1300000 | PA      | $1268859.28   | 0.24%             | 2027-04-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| WHEELS FLEET LEASE FUNDING 1 LLC                          | WHEELS FLEET LEASE FUNDING 1 LLC TSFR1M+0 01/18/2040 144A                           | CUSIP: 96328GCF2<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-CBDO         | CORP              | US        |   1465000 | PA      | $1465255.94   | 0.27%             | 2040-01-18      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| DTE ELEC CO                                               | DTE ELEC CO 4.25% 05/14/2027                                                        | CUSIP: 23338VAW6<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |    281000 | PA      | $279452.14    | 0.05%             | 2027-05-14      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                               | BANK OF AMERICA CORPORATION 1.319%/VAR 06/19/2026                                   | CUSIP: 06051GJD2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998056.04    | 0.18%             | 2026-06-19      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                       | BOFA CP SOFR+40 10/17/25                                                            | CUSIP: 06054CHC2<br>LEI: 549300HN4UKV1E2R3U73 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2001093.20   | 0.37%             | 2025-10-17      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| JACKSON NATL LIFE GLOBAL FDG                              | JACKSON NATL LIFE GLOBAL FDG 4.9% 01/13/2027 144A                                   | CUSIP: 46849LVC2<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |   1164000 | PA      | $1168422.01   | 0.22%             | 2027-01-13      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST 2025-A                       | FORD CREDIT AUTO OWNER TRUST 2025-A 4.47% 12/15/2027                                | CUSIP: 34535KAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1498248.45   | 0.28%             | 2027-12-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                             | GOLDMAN SACHS GROUP INC (THE) 1.431%/VAR 03/09/2027                                 | CUSIP: 38141GYA6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1805000 | PA      | $1759568.98   | 0.33%             | 2027-03-09      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                      | ROYAL BANK OF CANADA FRN SOFRINDX+72 10/18/2027                                     | CUSIP: 78017FZR7<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1400000 | PA      | $1400771.25   | 0.26%             | 2027-10-18      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TESLA AUTO LEASE TRUST 2024-B                             | TESLA AUTO LEASE TRUST 2024-B 4.79% 01/20/2027 144A                                 | CUSIP: 881934AB9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    457050 | PA      | $457020.51    | 0.08%             | 2027-01-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE and CO                                     | JPMORGAN CHASE and CO 1.04%/VAR 02/04/2027                                          | CUSIP: 46647PBW5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1463619.26   | 0.27%             | 2027-02-04      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                              | ENBRIDGE INC 4.25% 12/01/2026                                                       | CUSIP: 29250NAL9<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    900000 | PA      | $895800.55    | 0.17%             | 2026-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                              | UBS GROUP AG 6.373%/VAR 07/15/2026 144A                                             | CUSIP: 225401AY4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1000000 | PA      | $1001396.02   | 0.19%             | 2026-07-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| THE BANK OF NOVA SCOTIA                                   | BANK OF NOVA SCOTIA 5.45% 06/12/2025                                                | CUSIP: 06418GAC1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1000208.87   | 0.19%             | 2025-06-12      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                      | ENEL FINANCE INTL NV STEP 07/12/2026 144A                                           | CUSIP: 29278GAM0<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |   1300000 | PA      | $1256615.14   | 0.23%             | 2026-07-12      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| CHASE AUTO OWNER TRUST 2024-1                             | CHASE AUTO OWNER TRUST 2024-1 5.48% 04/26/2027 144A                                 | CUSIP: 16144BAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    206102 | PA      | $206406.94    | 0.04%             | 2027-04-26      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CITIBANK, N.A.                                            | CITIBANK NA FRN SOFR+71.2 11/19/2027                                                | CUSIP: 17325FBM9<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1398596.50   | 0.26%             | 2027-11-19      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                               | BANK OF AMERICA CORPORATION 1.658%/VAR 03/11/2027                                   | CUSIP: 06051GJQ3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1172281.01   | 0.22%             | 2027-03-11      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| HALST 2025-A                                              | HALST 2025-A 4.6% 06/15/2027 144A                                                   | CUSIP: 44935WAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    720000 | PA      | $720701.06    | 0.13%             | 2027-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AUTONATION FINANCE TRUST 2025-1                           | AUTONATION FINANCE TRUST 2025-1 4.72% 04/10/2028 144A                               | CUSIP: 05330QAB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    230000 | PA      | $230051.29    | 0.04%             | 2028-04-10      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                  | TOYOTA MOTOR CREDIT CORP FRN SOFRINDX+45 04/10/2026                                 | CUSIP: 89236TMR3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1400278.82   | 0.26%             | 2026-04-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ TRUST and BANKING CORP NY BRANCH           | MITSUBISHI UFJ TR and BK NY BRH YCD SOFR+38 07/23/2025                              | CUSIP: 60683DA66<br>LEI: JBONEPAGQXF4QP29B387 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1500582.60   | 0.28%             | 2025-07-23      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCKS RETAIL TRUST 2024-1                        | DAIMLER TRUCKS RETAIL TRUST 2024-1 5.6% 04/15/2026                                  | CUSIP: 233874AB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    397987 | PA      | $398385.68    | 0.07%             | 2026-04-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| GM FINL CONSUMER AUTOMOBILE RECEIVABLES TR 2024-4         | GM FINL CONSUMER AUTOMOBILE RECEIVABLES TR 2024-4 4.53% 10/18/2027                  | CUSIP: 38014AAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    862389 | PA      | $861837.44    | 0.16%             | 2027-10-18      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING 2024-2                         | ENTERPRISE FLEET FINANCING 2024-2 5.74% 12/20/2026 144A                             | CUSIP: 29375RAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    141646 | PA      | $142262.48    | 0.03%             | 2026-12-20      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SFAST 2025-1A                                             | SFAST 2025-1A 4.65% 05/22/2028 144A                                                 | CUSIP: 81885BAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1088120 | PA      | $1088008.36   | 0.20%             | 2028-05-22      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NATIONAL ASSOCIATION                     | WELLS FARGO BK NATL ASSN FRN SOFR+80 08/01/2025                                     | CUSIP: 94988J6C6<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |    750000 | PA      | $750341.80    | 0.14%             | 2025-08-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                               | BNP PARIBAS 2.219%/VAR 06/09/2026 144A                                              | CUSIP: 09659W2L7<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    930000 | PA      | $929523.98    | 0.17%             | 2026-06-09      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| THE TORONTO DOMINION BANK                                 | TD VCP SOFR+35 10/3/25                                                              | CUSIP: 89120F3S1<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2001009.60   | 0.37%             | 2025-10-03      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                           | DANSKE BANK AS (UNGTD) 1.621%/VAR 09/11/2026 144A                                   | CUSIP: 23636AAZ4<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   1300000 | PA      | $1287700.01   | 0.24%             | 2026-09-11      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| VMWARE INC                                                | VMWARE INC 1.4% 08/15/2026                                                          | CUSIP: 928563AJ4<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1636833.42   | 0.30%             | 2026-08-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| BAT INTERNATIONAL FINANCE PLC                             | BAT INTL FINANCE PLC 3.95% 06/15/2025 144A                                          | CUSIP: 05530QAK6<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |    900000 | PA      | $899543.64    | 0.17%             | 2025-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                       | AMERICAN EXPRESS CO 5.389%/VAR 07/28/2027                                           | CUSIP: 025816DG1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    300000 | PA      | $302675.39    | 0.06%             | 2027-07-28      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GRP INC                            | PNC FINANCIAL SERVICES GRP INC 4.758%/VAR 01/26/2027                                | CUSIP: 693475BL8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1500855.06   | 0.28%             | 2027-01-26      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| US BANK NA CINCINNATI OHIO                                | US BANK NA CINCINNATI OHIO FRN SOFR+91 05/15/2028                                   | CUSIP: 90331HPT4<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2103486.00   | 0.39%             | 2028-05-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMER FIN LLC                             | VOLKSWAGEN GROUP AMER FIN LLC 5.8% 09/12/2025 144A                                  | CUSIP: 928668BU5<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001598.64   | 0.19%             | 2025-09-12      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TRUST 2024-3                            | CARMAX AUTO OWNER TRUST 2024-3 5.21% 09/15/2027                                     | CUSIP: 14319GAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    849997 | PA      | $851700.51    | 0.16%             | 2027-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                             | GOLDMAN SACHS GROUP INC (THE) 1.542%/VAR 09/10/2027                                 | CUSIP: 38141GYG3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1152235.74   | 0.21%             | 2027-09-10      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| HAROT 2025-2 A2A                                          | HAROT 2025-2 A2A 4.3% 01/18/2028                                                    | CUSIP: 437921AB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1320000 | PA      | $1316950.14   | 0.24%             | 2028-01-18      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DRIVE 2025-1 A2                                           | DRIVE 2025-1 A2 5.05% 08/15/2028                                                    | CUSIP: 262102AB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    765000 | PA      | $764967.95    | 0.14%             | 2028-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TRUST BANK LTC NY                         | SUMITOMO MITSUI TR BANK LTD NY YCD SOFR+31 11/04/2025                               | CUSIP: 86564P6V8<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000012.60   | 0.19%             | 2025-11-04      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SBNA AUTO LEASE TRUST 2024-B                              | SBNA AUTO LEASE TRUST 2024-B 5.67% 11/20/2026 144A                                  | CUSIP: 78437VAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    275240 | PA      | $275645.58    | 0.05%             | 2026-11-20      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| THE TORONTO DOMINION BANK                                 | TORONTO DOMINION BANK FRN SOFR+48 10/10/2025                                        | CUSIP: 89115A2Z4<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   1600000 | PA      | $1601088.00   | 0.30%             | 2025-10-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                     | ATHENE GLOBAL FUNDING FRN SOFRINDX+83 01/07/2027 144A                               | CUSIP: 04685A4F5<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2002165.00   | 0.37%             | 2027-01-07      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE and CO                                     | JPMORGAN CHASE and CO 1.045%/VAR 11/19/2026                                         | CUSIP: 46647PBT2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    710000 | PA      | $697530.11    | 0.13%             | 2026-11-19      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| MIZUHO BANK LTD NY BRANCH                                 | MIZUHO BANK LTD NY BRANCH YCD SOFR+40 05/08/2026                                    | CUSIP: 60710TR60<br>LEI: RB0PEZSDGCO3JS6CEU02 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000578.50   | 0.19%             | 2026-05-08      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                               | WALMART INC FRN SOFRINDX+43 04/28/2027                                              | CUSIP: 931142FM0<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   1433000 | PA      | $1436639.82   | 0.27%             | 2027-04-28      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HYUNDAI AUTO LEASE SECURITIZATION TRUST 2023-C            | HYUNDAI AUTO LEASE SECURITIZATION TRUST 2023-C 5.8% 12/15/2026 144A                 | CUSIP: 44935VAD1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1685185 | PA      | $1691023.87   | 0.31%             | 2026-12-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE CORP                               | AMERICAN HONDA FINANCE CORP FRN SOFR+55 05/11/2026                                  | CUSIP: 02665WFR7<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1399013.10   | 0.26%             | 2026-05-11      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TRUST 2024-4                            | CARMAX AUTO OWNER TRUST 2024-4 4.67% 12/15/2027                                     | CUSIP: 14290DAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    708315 | PA      | $708440.77    | 0.13%             | 2027-12-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                            | MORGAN STANLEY 1.593%/VAR 05/04/2027                                                | CUSIP: 61772BAB9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1603326.66   | 0.30%             | 2027-05-04      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                       | DOMINION ENERGY INC 1.45% 04/15/2026                                                | CUSIP: 25746UDJ5<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1459549.65   | 0.27%             | 2026-04-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG NEW YORK BNCH                            | DEUTSCHE BANK AG NEW YORK BNCH 2.129%/VAR 11/24/2026                                | CUSIP: 251526CE7<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | US        |   1559000 | PA      | $1537189.37   | 0.28%             | 2026-11-24      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                       | AMERICAN EXPRESS CO 5.645%/VAR 04/23/2027                                           | CUSIP: 025816DT3<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1009005.02   | 0.19%             | 2027-04-23      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| CARMX 2025-2                                              | CARMX 2025-2 4.59% 07/17/2028                                                       | CUSIP: 14320AAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    720000 | PA      | $720315.22    | 0.13%             | 2028-07-17      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UST BILLS                                                 | UST BILLS 0% 07/10/2025                                                             | CUSIP: 912797LW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $3982161.12   | 0.74%             | 2025-07-10      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ONCOR ELEC DELIVERY CO LLC                                | ONCOR ELEC DELIVERY CO LLC 4.5% 03/20/2027 144A                                     | CUSIP: 68233JCY8<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    927000 | PA      | $928760.48    | 0.17%             | 2027-03-20      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                                   | NATIONAL BANK OF CANADA VCP SOFR+25 12/17/2025                                      | CUSIP: 63307NNF0<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2000245.20   | 0.37%             | 2025-12-17      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN AUTO LEASE TRUST 2023-A                        | VOLKSWAGEN AUTO LEASE TRUST 2023-A 5.81% 10/20/2026                                 | CUSIP: 92867UAD4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    511416 | PA      | $513715.18    | 0.10%             | 2026-10-20      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI BKG CORP NY BRANCH                        | SUMITOMO MITSUI BKG CORP NY BR YCD SOFR+35 11/18/2025                               | CUSIP: 86565GGH7<br>LEI: 549300MS3WYYVQ4HXM15 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2201286.56   | 0.41%             | 2025-11-18      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NISSAN MASTER OWNER TR RECEIVABLE                         | NISSAN MASTER OWNER TR RECEIVABLES SOFR30A+190 02/15/2028 144A                      | CUSIP: 65479VAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1500744.60   | 0.28%             | 2028-02-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ AUTO RECEIVABLES TRUST 2022-1               | MERCEDES-BENZ AUTO RECEIVABLES TRUST 2022-1 5.21% 08/16/2027                        | CUSIP: 58768PAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    564580 | PA      | $566263.30    | 0.10%             | 2027-08-16      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK LTD                               | NABLTD VCP SOFR+25 8/27/25                                                          | CUSIP: 63254GN76<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |   2000000 | PA      | $2000633.00   | 0.37%             | 2025-08-27      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                             | CITIGROUP INC 1.122%/VAR 01/28/2027                                                 | CUSIP: 17327CAM5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    700000 | PA      | $683361.57    | 0.13%             | 2027-01-28      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| BA CR CARD TR                                             | BA CR CARD TR 3.53% 11/15/2027                                                      | CUSIP: 05522RDE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1300000 | PA      | $1299539.67   | 0.24%             | 2027-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GLENCORE FDG LLC                                          | GLENCORE FDG LLC FRN SOFRINDX+75 10/01/2026 144A                                    | CUSIP: 378272BX5<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $1576006.65   | 0.29%             | 2026-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE CORP                               | AMERICAN HONDA FINANCE CORP FRN SOFR+45 06/13/2025                                  | CUSIP: 02665WFH9<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1200100.21   | 0.22%             | 2025-06-13      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BMW VEHICLE LEASE TRUST 2024-1                            | BMW VEHICLE LEASE TRUST 2024-1 5.1% 07/27/2026                                      | CUSIP: 05611UAB9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    165190 | PA      | $165324.44    | 0.03%             | 2026-07-27      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COPT DEFENSE PROPERTIES LP                                | COPT DEFENSE PROPERTIES LP 2.25% 03/15/2026                                         | CUSIP: 22003BAL0<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1517499.46   | 0.28%             | 2026-03-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                         | HSBC HOLDINGS PLC 2.099%/VAR 06/04/2026                                             | CUSIP: 404280CG2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $999851.93    | 0.19%             | 2026-06-04      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| UST BILLS                                                 | UST BILLS 0% 06/12/2025                                                             | CUSIP: 912797LN5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30000000 | PA      | $29964577.80  | 5.55%             | 2025-06-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SANTANDER HLDGS USA INC                                   | SANTANDER HLDGS USA INC 3.45% 06/02/2025                                            | CUSIP: 80282KBB1<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1050000.00   | 0.19%             | 2025-06-02      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GRP INC                            | PNC FINANCIAL SERVICES GRP INC 5.102%/VAR 07/23/2027                                | CUSIP: 693475BY0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1508822.67   | 0.28%             | 2027-07-23      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST 25-3A                 | EXETER AUTOMOBILE RECEIVABLES TRUST 25-3A A2 4.94% 01/18/2028                       | CUSIP: 30166XAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1155000 | PA      | $1155148.30   | 0.21%             | 2028-01-18      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HYUNDAI AUTO LEASE SECURITIZATION TRUST 2024-B            | HYUNDAI AUTO LEASE SECURITIZATION TRUST 2024-B 5.51% 10/15/2026 144A                | CUSIP: 44934FAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    568301 | PA      | $569547.23    | 0.11%             | 2026-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, N.A.                                     | BANK OF AMERICA NA 5.65% 08/18/2025                                                 | CUSIP: 06428CAC8<br>LEI: B4TYDEB6GKMZO031MB27 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001448.04   | 0.19%             | 2025-08-18      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                             | CITIGROUP INC 5.61%/VAR 09/29/2026                                                  | CUSIP: 172967NX5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1653799.39   | 0.31%             | 2026-09-29      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BOFA AUTO TR 2024-1                                       | BOFA AUTO TR 2024-1 5.57% 12/15/2026 144A                                           | CUSIP: 09709AAB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    240896 | PA      | $241328.87    | 0.04%             | 2026-12-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CHASE AUTO OWNER TRUST                                    | CHASE AUTO OWNER TRUST 5.25% 09/27/2027 144A                                        | CUSIP: 16144YAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    792815 | PA      | $794563.58    | 0.15%             | 2027-09-27      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SBNA AUTO LEASE TRUST 2024-C                              | SBNA AUTO LEASE TRUST 2024-C 4.56% 02/22/2028 144A                                  | CUSIP: 78398DAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    800000 | PA      | $799215.52    | 0.15%             | 2028-02-22      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUSTRALIA                               | COMMONWEALTH BANK AUSTRALIA FRN SOFR+46 11/27/2026 144A                             | CUSIP: 2027A0KV0<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |   2000000 | PA      | $2002590.00   | 0.37%             | 2026-11-27      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                       | AMERICAN TOWER CORP 1.3% 09/15/2025                                                 | CUSIP: 03027XBB5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    527000 | PA      | $521425.97    | 0.10%             | 2025-09-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| GM FINL CONSUMER AUTOMOBILE RECEIVABLES TR 2025-2         | GM FINL CONSUMER AUTOMOBILE RECEIVABLES TR 2025-2 4.4% 02/16/2028                   | CUSIP: 362549AB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1465000 | PA      | $1464195.86   | 0.27%             | 2028-02-16      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN NY                                  | SVENSKA HANDELSBANKEN NY YCD SOFR+40 04/15/2026                                     | CUSIP: 86959TNB8<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000982.30   | 0.19%             | 2026-04-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                           | CVS HEALTH CORP 3.875% 07/20/2025                                                   | CUSIP: 126650CL2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1647812.58   | 0.31%             | 2025-07-20      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| US BANCORP DEL                                            | US BANCORP DEL 6.787%/VAR 10/26/2027                                                | CUSIP: 91159HJP6<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1235585.46   | 0.23%             | 2027-10-26      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES LTD                                 | TRANSCANADA PIPELINES LTD CP .0464 07/22/2025                                       | CUSIP: 89355PUN6<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |   1500000 | PA      | $1489858.65   | 0.28%             | 2025-07-22      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOBAL FUNDING                                 | COREBRIDGE GLOBAL FUNDING FRN SOFR+130 09/25/2026 144A                              | CUSIP: 00138CAW8<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   1870000 | PA      | $1883164.80   | 0.35%             | 2026-09-25      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| STATE STREET BANK AND TRUST COMPANY                       | STATE ST BK and TR CO BOSTON FRN SOFR+46 11/25/2026                                 | CUSIP: 857449AD4<br>LEI: 571474TGEMMWANRLN572 | Long             | DBT              | CORP              | US        |    831000 | PA      | $831127.25    | 0.15%             | 2026-11-25      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TRANSCONTINENTAL GAS PIPE LINE CO LLC                     | TRANSCONTINENTAL GAS LINE LLC 7.85% 02/01/2026                                      | CUSIP: 893574AH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1316025.23   | 0.24%             | 2026-02-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| HPEFS EQUIP TR 2024-2                                     | HPEFS EQUIP TR 2024-2 5.5% 10/20/2031 144A                                          | CUSIP: 40444MAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    423279 | PA      | $424172.94    | 0.08%             | 2031-10-20      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                      | ROYAL BANK OF CANADA FRN SOFRINDX+82 03/27/2028                                     | CUSIP: 78017DAG3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1300000 | PA      | $1299567.10   | 0.24%             | 2028-03-27      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| VERIZON MASTER TRUST                                      | VERIZON MASTER TRUST STEP 01/22/2029                                                | CUSIP: 92348KAZ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    700000 | PA      | $699177.08    | 0.13%             | 2029-01-22      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FINANCE NORTH AMERICA LLC                   | MERCEDES-BENZ FINANCE NORTH AMERICA LLC FRN SOFR+78 04/01/2027 144A                 | CUSIP: 58769JBD8<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1598288.85   | 0.30%             | 2027-04-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MTLRF 2025-1A                                             | MTLRF 2025-1A 4.7% 12/16/2027 144A                                                  | CUSIP: 55340QAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    625000 | PA      | $625779.44    | 0.12%             | 2027-12-16      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NXP B V/NXP FDG LLC/NXP USA INC                           | NXP B V/NXP FDG LLC/NXP USA INC 3.875% 06/18/2026                                   | CUSIP: 62954HAZ1<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |   1122000 | PA      | $1112881.23   | 0.21%             | 2026-06-18      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GMF FLOORPLAN OWNER REVOLVING TR                          | GMF FLOORPLAN OWNER REVOLVING TR 2023-1 A2 SOFR30A+115 06/15/2028 144A              | CUSIP: 361886CS1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2200000 | PA      | $2211239.80   | 0.41%             | 2028-06-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BOFA AUTO TRUST 2025-1                                    | BOFA AUTO TRUST 2025-1 4.52% 11/22/2027 144A                                        | CUSIP: 05594BAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    475000 | PA      | $474646.32    | 0.09%             | 2027-11-22      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HSBC USA INC                                              | HSBC USA INC CP .048 08/15/2025                                                     | CUSIP: 40434PVF0<br>LEI: 549300LBOHZ4QSIWU288 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1386495.04   | 0.26%             | 2025-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CARMAX SELECT RECEIVABLES TRUST 2024-A                    | CARMAX SELECT RECEIVABLES TRUST 2024-A 5.78% 09/15/2027                             | CUSIP: 14319FAB9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     36264 | PA      | $36394.39     | 0.01%             | 2027-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                     | TRUIST FINANCIAL CORP 5.9%/VAR 10/28/2026                                           | CUSIP: 89788MAJ1<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1406026.90   | 0.26%             | 2026-10-28      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| MIZUHO BANK LTD NY BRANCH                                 | MIZUHO BANK LTD NY BRANCH YCD SOFR+35 01/30/2026                                    | CUSIP: 60710TZR5<br>LEI: RB0PEZSDGCO3JS6CEU02 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2001156.20   | 0.37%             | 2026-01-30      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WORLD OMNI AUTOMOBILE LEASE SECURITIZATION TRST           | WORLD OMNI AUTOMOBILE LEASE SECURITIZATION TRST 5.07% 09/15/2026                    | CUSIP: 981944AD3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    149160 | PA      | $149239.60    | 0.03%             | 2026-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMER FIN LLC                             | VOLKSWAGEN GROUP AMER FIN LLC FRN SOFR+106 08/14/2026 144A                          | CUSIP: 928668CJ9<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1279000 | PA      | $1283161.87   | 0.24%             | 2026-08-14      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON NATIONAL BANK                                  | HUNTINGTON NATL BK COLUMBUS OH FRN SOFR+72 04/12/2028                               | CUSIP: 44644MAL5<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |   1223000 | PA      | $1220089.26   | 0.23%             | 2028-04-12      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HEWLETT PACKARD ENTERPRISE CO                             | HEWLETT PACKARD ENTERPRISE CO 4.45% 09/25/2026                                      | CUSIP: 42824CBR9<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    654000 | PA      | $653044.13    | 0.12%             | 2026-09-25      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                      | RBC VCP SOFR+35 7/9/25                                                              | CUSIP: 78014XMZ7<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1500000 | PA      | $1500321.45   | 0.28%             | 2025-07-09      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| FEDERATION DES CAISSES DESJARD INS DU QUEBEC              | FEDERATION DES CAISE DESJARDIN FRN SOFR+63 01/27/2027 144A                          | CUSIP: 31429KAN3<br>LEI: 549300B2Q47IR0CR5B54 | Long             | DBT              | CORP              | CA        |   1500000 | PA      | $1503649.92   | 0.28%             | 2027-01-27      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ING US FUNDING LLC                                        | ING US FUNDING LLC VCP SOFR+35 11/26/2025                                           | CUSIP: 44988GFL7<br>LEI: 254900QX5Y2ZDZ6XBT08 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2001372.00   | 0.37%             | 2025-11-26      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WORLD OMNI SELECT AUTO TR 2024-A                          | WORLD OMNI SELECT AUTO TR 2024-A 5.37% 02/15/2028                                   | CUSIP: 98164LAB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    555211 | PA      | $556537.21    | 0.10%             | 2028-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UBS AG STAMFORD BRH                                       | UBS AG STAMFORD BRH YCD SOFR+41 10/02/2026                                          | CUSIP: 90275DUK4<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1500040.20   | 0.28%             | 2026-10-02      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CITIBANK, N.A.                                            | CITIBANK NA FRN SOFR+78.1 05/29/2027                                                | CUSIP: 17325FBQ0<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000465.00   | 0.19%             | 2027-05-29      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TOYOTA AUTO RECEIVABLES 2024-B OWNER TR                   | TOYOTA AUTO RECEIVABLES OWNER TR 2024-B A2B TSFR1M+36 03/15/2027                    | CUSIP: 89237NAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    475182 | PA      | $475170.82    | 0.09%             | 2027-03-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SFS AUTO RECEIVABLES SECURITIZATION TR 2024-2             | SFS AUTO RECEIVABLES SECURITIZATION TR 2024-2 5.71% 10/20/2027 144A                 | CUSIP: 78397XAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    362383 | PA      | $363315.55    | 0.07%             | 2027-10-20      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HYUNDAI AUTO RECEIVABLES TRUST 2024-C                     | HYUNDAI AUTO RECEIVABLES TRUST 2024-C 4.53% 09/15/2027                              | CUSIP: 448976AB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    912934 | PA      | $912731.78    | 0.17%             | 2027-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE II LLC                                   | BAYER US FIN II LLC 4.25% 12/15/2025 144A                                           | CUSIP: 07274NAJ2<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996281.66    | 0.18%             | 2025-12-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SFS AUTO RECEIVABLES SECURITIZATION TR 2024-1             | SFS AUTO RECEIVABLES SECURITIZATION TR 2024-1 5.35% 06/21/2027 144A                 | CUSIP: 78435VAB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     51244 | PA      | $51280.61     | 0.01%             | 2027-06-21      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS and ELECTRIC CO                               | PACIFIC GAS and ELECTRIC CO 3.5% 06/15/2025                                         | CUSIP: 694308HM2<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   1064000 | PA      | $1063165.76   | 0.20%             | 2025-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                     | TRUIST FINANCIAL CORP 4.26%/VAR 07/28/2026                                          | CUSIP: 89788MAH5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    888000 | PA      | $886984.15    | 0.16%             | 2026-07-28      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                             | CITIGROUP INC FRN SOFR+111.43 05/07/2028                                            | CUSIP: 172967PY1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1302818.40   | 0.24%             | 2028-05-07      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BK NA SALT LAKE                            | MORGAN STANLEY BK NA SALT LAKE FRN SOFR+68.5 10/15/2027                             | CUSIP: 61690U8F0<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1400237.13   | 0.26%             | 2027-10-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINANCIAL GROUP INC                       | SUMITOMO MITSUI FINL GRP INC 2.632% 07/14/2026                                      | CUSIP: 86562MAF7<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   1400000 | PA      | $1371792.48   | 0.25%             | 2026-07-14      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| HYUNDAI AUTO RECEIVABLES TR 2024-A                        | HYUNDAI AUTO RECEIVABLES TR 2024-A 5.29% 04/15/2027                                 | CUSIP: 448973AB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    408848 | PA      | $409610.82    | 0.08%             | 2027-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                                      | WESTPAC VCP SOFR+40 4/10/26                                                         | CUSIP: 9612C47E5<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   1000000 | PA      | $1001261.80   | 0.19%             | 2026-04-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO and CO                                        | WELLS FARGO and CO NEW 4.54%/VAR 08/15/2026                                         | CUSIP: 95000U3C5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1599352.26   | 0.30%             | 2026-08-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA                                  | COOPERATIEVE RABOBANK UA 1.004%/VAR 09/24/2026 144A                                 | CUSIP: 74977RDJ0<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   1400000 | PA      | $1382880.44   | 0.26%             | 2026-09-24      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA                                  | COOPERATIEVE RABOBANK UA T1Y+NA 06/24/2026 144A                                     | CUSIP: 74977RDH4<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   1435000 | PA      | $1431588.56   | 0.27%             | 2026-06-24      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                  | MARS INC 4.45% 03/01/2027 144A                                                      | CUSIP: 571676AW5<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    643000 | PA      | $643623.00    | 0.12%             | 2027-03-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                         | NATWEST GROUP PLC 1.642%/VAR 06/14/2027                                             | CUSIP: 639057AC2<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   1300000 | PA      | $1259610.04   | 0.23%             | 2027-06-14      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| UST BILLS                                                 | UST BILLS 0% 07/03/2025                                                             | CUSIP: 912797NX1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25000000 | PA      | $24909195.75  | 4.61%             | 2025-07-03      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                                   | NATIONAL BANK OF CANADA YCP .0431 01/16/2026                                        | CUSIP: 63307MAG4<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $1944825.20   | 0.36%             | 2026-01-16      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO LEASE TRUST 2025-A                       | FORD CREDIT AUTO LEASE TRUST 2025-A 4.57% 08/15/2027                                | CUSIP: 345282AB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1020000 | PA      | $1019527.94   | 0.19%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA LONDON BRANCH                          | CREDIT AGRICOLE SA LONDON BRH 1.907%/VAR 06/16/2026 144A                            | CUSIP: 22535WAG2<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | GB        |    610000 | PA      | $609300.18    | 0.11%             | 2026-06-16      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP INC                                | MIZUHO FINL GROUP INC 1.234%/VAR 05/22/2027                                         | CUSIP: 60687YBP3<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    960000 | PA      | $929117.09    | 0.17%             | 2027-05-22      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                                          | ALTRIA GROUP INC 4.4% 02/14/2026                                                    | CUSIP: 02209SBC6<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1248132.38   | 0.23%             | 2026-02-14      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                            | HOME DEPOT INC FRN SOFR+33 12/24/2025                                               | CUSIP: 437076CY6<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    960000 | PA      | $960965.76    | 0.18%             | 2025-12-24      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                        | CREDIT AGRICOLE SA 5.589% 07/05/2026 144A                                           | CUSIP: 22534PAE3<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   1500000 | PA      | $1518810.98   | 0.28%             | 2026-07-05      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL QUE                                      | BANK OF MONTREAL QUE 5.92% 09/25/2025                                               | CUSIP: 06368LWT9<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1004225.14   | 0.19%             | 2025-09-25      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SBNA AUTO LEASE TRUST 2025-A                              | SBNA AUTO LEASE TRUST 2025-A 4.83% 04/20/2028 144A                                  | CUSIP: 78437KAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    600000 | PA      | $601571.64    | 0.11%             | 2028-04-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE CORP                               | AMERICAN HONDA FINANCE CORP 4.95% 01/09/2026                                        | CUSIP: 02665WEY3<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    786000 | PA      | $787328.39    | 0.15%             | 2026-01-09      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KUBOTA CREDIT OWNER TRUST 2025-1                          | KUBOTA CREDIT OWNER TRUST 2025-1 4.61% 12/15/2027 144A                              | CUSIP: 50117FAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1355000 | PA      | $1356976.00   | 0.25%             | 2027-12-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GLENCORE FDG LLC                                          | GLENCORE FDG LLC 1.625% 04/27/2026 144A                                             | CUSIP: 378272BD9<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    300000 | PA      | $291960.96    | 0.05%             | 2026-04-27      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO LEASE TRUST                              | FORD CREDIT AUTO LEASE TRUST 5.24% 07/15/2026                                       | CUSIP: 345290AB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     69568 | PA      | $69590.18     | 0.01%             | 2026-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BK NA SALT LAKE                            | MORGAN STANLEY BK NA SALT LAKE FRN SOFR+116.5 10/30/2026                            | CUSIP: 61690U7X2<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |    900000 | PA      | $906787.52    | 0.17%             | 2026-10-30      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TR 2024-2                               | CARMAX AUTO OWNER TR 2024-2 SOFR30A+73 05/17/2027                                   | CUSIP: 14319EAD8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    766668 | PA      | $767028.24    | 0.14%             | 2027-05-17      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                                           | CHEVRON USA INC FRN SOFRINDX+36 02/26/2027                                          | CUSIP: 166756BA3<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |   1435000 | PA      | $1435215.25   | 0.27%             | 2027-02-26      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL LEASING TRUST 2024-1                         | GM FINANCIAL LEASING TRUST 2024-1 5.18% 06/22/2026                                  | CUSIP: 36269FAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    279267 | PA      | $279452.61    | 0.05%             | 2026-06-22      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING 2025-2 LLC                     | ENTERPRISE FLEET FINANCING 2025-2 LLC 4.51% 02/22/2028 144A                         | CUSIP: 29375TAB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1532000 | PA      | $1530227.63   | 0.28%             | 2028-02-22      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HSBC USA INC                                              | HSBC USA INC CP .0552 06/06/2025                                                    | CUSIP: 40434PT63<br>LEI: 549300LBOHZ4QSIWU288 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1398813.08   | 0.26%             | 2025-06-06      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                       | AMERICAN EXPRESS CO 3.95% 08/01/2025                                                | CUSIP: 025816CY3<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    700000 | PA      | $699639.59    | 0.13%             | 2025-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TR 2025-P1                       | CARVANA AUTO RECEIVABLES TR 2025-P1 4.5% 06/12/2028                                 | CUSIP: 14689MAB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    405000 | PA      | $404350.83    | 0.07%             | 2028-06-12      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                         | NATWEST GROUP PLC 5.847%/VAR 03/02/2027                                             | CUSIP: 639057AJ7<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   1500000 | PA      | $1512140.79   | 0.28%             | 2027-03-02      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BMW VECHICLE LEASE TR 2023-2                              | BMW VECHICLE LEASE TR 2023-2 5.99% 09/25/2026                                       | CUSIP: 055979AC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    309935 | PA      | $311139.90    | 0.06%             | 2026-09-25      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| EXETER SELECT AUTOMOBILE RECEIVABLES TR 2025-1            | EXETER SELECT AUTOMOBILE RECEIVABLES TR 2025-1 4.83% 10/16/2028                     | CUSIP: 30185AAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     55000 | PA      | $54953.01     | 0.01%             | 2028-10-16      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| EQUITABLE FINANCIAL LIFE GLOBAL FUNDING                   | EQUITABLE FINANCIAL LIFE GLOBAL FUNDING 4.6% 04/01/2027 144A                        | CUSIP: 29449WAU1<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |    947000 | PA      | $946628.92    | 0.18%             | 2027-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                      | ENEL FINANCE INTL NV STEP 10/14/2025 144A                                           | CUSIP: 29278GAZ1<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |   1400000 | PA      | $1409691.96   | 0.26%             | 2025-10-14      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| ALLY AUTO RECEIVABLES TRUST 2024-1                        | ALLY AUTO RECEIVABLES TRUST 2024-1 5.32% 01/15/2027                                 | CUSIP: 02008FAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    189896 | PA      | $190044.30    | 0.04%             | 2027-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TOYOTA LEASE OWNER TRUST 2025-A                           | TOYOTA LEASE OWNER TRUST 2025-A 4.58% 07/20/2027 144A                               | CUSIP: 89239NAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    905000 | PA      | $906074.05    | 0.17%             | 2027-07-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ TRUST and BANKING CORP NY BRANCH           | MITSUBISHI UFJ TR and BK NY BRH YCD SOFR+38 01/09/2026                              | CUSIP: 60683DN70<br>LEI: JBONEPAGQXF4QP29B387 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1500907.50   | 0.28%             | 2026-01-09      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                         | HSBC HOLDINGS PLC 5.887%/VAR 08/14/2027                                             | CUSIP: 404280DZ9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1500000 | PA      | $1518610.98   | 0.28%             | 2027-08-14      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| THE BANK OF NOVA SCOTIA                                   | BANK OF NOVA SCOTIA 2.7% 08/03/2026                                                 | CUSIP: 064159QE9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   1600000 | PA      | $1568928.40   | 0.29%             | 2026-08-03      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| GMF FLOORPLAN OWNER REVOLVING TR                          | GMF FLOORPLAN OWNER REVOLVING TR 4.68% 11/15/2028 144A                              | CUSIP: 361886DK7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1200000 | PA      | $1202363.40   | 0.22%             | 2028-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GMF FLOORPLAN OWNER REVOLVING TR                          | GMF FLOORPLAN OWNER REVOLVING TR SOFR30A+45 11/15/2028 144A                         | CUSIP: 361886DL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1600000 | PA      | $1596560.32   | 0.30%             | 2028-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HONDA AUTO RECEIVABLES 2023-2 OWNER TRUST                 | HONDA AUTO RECEIVABLES 2023-2 OWNER TRUST 4.93% 11/15/2027                          | CUSIP: 437927AC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1233797 | PA      | $1236688.95   | 0.23%             | 2027-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL QUE                                      | BANK OF MONTREAL QUE 4.567%/VAR 09/10/2027                                          | CUSIP: 06368L8K5<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1776000 | PA      | $1774552.03   | 0.33%             | 2027-09-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-3             | SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-3 5.91% 06/15/2027                      | CUSIP: 80287LAB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    157790 | PA      | $157940.14    | 0.03%             | 2027-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOBAL FUNDING                                 | COREBRIDGE GLOBAL FUNDING 5.35% 06/24/2026 144A                                     | CUSIP: 00138CAY4<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   1360000 | PA      | $1371644.63   | 0.25%             | 2026-06-24      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINANCIAL GROUP INC                       | SUMITOMO MITSUI FINL GRP INC 1.402% 09/17/2026                                      | CUSIP: 86562MCH1<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   1000000 | PA      | $960925.51    | 0.18%             | 2026-09-17      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| WORLD OMNI AUTOMOBILE LEASE SECURITIZATION TR 2024-A      | WORLD OMNI AUTOMOBILE LEASE SECURITIZATION TR 2024-A A2B 5.57% 02/16/2027           | CUSIP: 981946AC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    442690 | PA      | $442802.39    | 0.08%             | 2027-02-16      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| REYNOLDS AMERICAN INC                                     | REYNOLDS AMERICAN INC 4.45% 06/12/2025                                              | CUSIP: 761713BG0<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1249906.23   | 0.23%             | 2025-06-12      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                  | TOYOTA MOTOR CREDIT CORP 5.6% 09/11/2025                                            | CUSIP: 89236TKZ7<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1003065.10   | 0.19%             | 2025-09-11      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE OWNER TRUST 2024                               | JOHN DEERE OWNER TRUST 2024 5.19% 02/16/2027                                        | CUSIP: 47800RAB9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    706170 | PA      | $707147.34    | 0.13%             | 2027-02-16      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CITIBANK, N.A.                                            | CITIBANK NA FRN SOFR+70.8 08/06/2026                                                | CUSIP: 17325FBH0<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1302015.09   | 0.24%             | 2026-08-06      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TOYOTA AUTO RECEIVABLES 2025-B OWNER TR                   | TOYOTA AUTO RECEIVABLES 2025-B OWNER TR 4.46% 03/15/2028                            | CUSIP: 89231HAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1550000 | PA      | $1550505.61   | 0.29%             | 2028-03-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GMF LEASING LLC                                           | GMF LEASING LLC 4.55% 07/20/2027                                                    | CUSIP: 362962AB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1360000 | PA      | $1359744.46   | 0.25%             | 2027-07-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                             | GOLDMAN SACHS GROUP INC (THE) FRN SOFR+129 04/23/2028                               | CUSIP: 38141GC85<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1119000 | PA      | $1125848.77   | 0.21%             | 2028-04-23      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                               | BANK OF AMERICA CORPORATION 4.827%/VAR 07/22/2026                                   | CUSIP: 06051GLA5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    900000 | PA      | $899897.11    | 0.17%             | 2026-07-22      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                               | BANK OF AMERICA CORPORATION 3.559%/VAR 04/23/2027                                   | CUSIP: 06051GHT9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1583610.06   | 0.29%             | 2027-04-23      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING 2025-1 LLC                     | ENTERPRISE FLEET FINANCING 2025-1 LLC 4.65% 10/20/2027 144A                         | CUSIP: 29390HAB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1020000 | PA      | $1020586.09   | 0.19%             | 2027-10-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TESLA 2024-A A3                                           | TESLA 2024-A A3 5.37% 06/22/2026 144A                                               | CUSIP: 88166VAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     14749 | PA      | $14760.40     | 0.00%             | 2026-06-22      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ING US FUNDING LLC                                        | ING US FUNDING LLC YCP .0447 06/23/2025                                             | CUSIP: 4497W0TP3<br>LEI: 254900QX5Y2ZDZ6XBT08 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1994184.80   | 0.37%             | 2025-06-23      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DELL EQUIP FIN TR 2025-1                                  | DELL EQUIP FIN TR 2025-1 4.68% 07/22/2027 144A                                      | CUSIP: 24703UAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    180000 | PA      | $180345.10    | 0.03%             | 2027-07-22      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                     | TRUIST FINANCIAL CORP 6.047%/VAR 06/08/2027                                         | CUSIP: 89788MAN2<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2025820.30   | 0.38%             | 2027-06-08      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| ING US FUNDING LLC                                        | ING US FUNDING LLC VCP SOFR+30 02/06/2026                                           | CUSIP: 44988KLX5<br>LEI: 254900QX5Y2ZDZ6XBT08 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1500326.70   | 0.28%             | 2026-02-06      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE GLOBAL FUNDING                            | PROTECTIVE LIFE GLOBAL FUNDING 5.209% 04/14/2026 144A                               | CUSIP: 74368CBS2<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1006005.73   | 0.19%             | 2026-04-14      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SPRINT CORP                                               | SPRINT CORP 7.625% 03/01/2026                                                       | CUSIP: 85207UAK1<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1314290.69   | 0.24%             | 2026-03-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| HSBC USA INC                                              | HSBC USA INC VCP SOFR+55 04/30/2026                                                 | CUSIP: 40434WUZ2<br>LEI: 549300LBOHZ4QSIWU288 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000003.60   | 0.19%             | 2026-04-30      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP LTD / AERCAP GLOBAL AVIATION TR        | AERCAP IRELAND CAP LTD / AERCAP GLOBAL AVIATION TR 4.45% 10/01/2025                 | CUSIP: 00774MAG0<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1000000 | PA      | $998743.50    | 0.18%             | 2025-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                         | NATWEST GROUP PLC 7.472%/VAR 11/10/2026                                             | CUSIP: 639057AG3<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   1400000 | PA      | $1416078.90   | 0.26%             | 2026-11-10      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                   | HYUNDAI CAP AMER 5.45% 06/24/2026 144A                                              | CUSIP: 44891ADA2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    737000 | PA      | $740676.79    | 0.14%             | 2026-06-24      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                       | BOFA CP SOFR+39 11/21/25                                                            | CUSIP: 06054CHX6<br>LEI: 549300HN4UKV1E2R3U73 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2201078.44   | 0.41%             | 2025-11-21      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| STATE STREET BANK AND TRUST COMPANY                       | STATE ST BK and TR CO BOSTON CD SOFR+27 10/10/2025                                  | CUSIP: 8574P1PS9<br>LEI: 571474TGEMMWANRLN572 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2000221.60   | 0.37%             | 2025-10-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CHASE ISSUANCE TR                                         | CHASE ISSUANCE TR 3.97% 09/15/2027                                                  | CUSIP: 161571HS6<br>LEI: 5493008SHVCX2Y068L12 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $499034.05    | 0.09%             | 2027-09-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GMF FLOORPLAN OWNER REVOLVING TR                          | GMF FLOORPLAN OWNER REVOLVING TR SOFR30A+55 03/15/2029 144A                         | CUSIP: 361886DX9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    975000 | PA      | $972968.49    | 0.18%             | 2029-03-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| US BANK NA CINCINNATI OHIO                                | US BANK NA CINCINNATI OHIO 4.507%/VAR 10/22/2027                                    | CUSIP: 90331HPP2<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | DBT              | CORP              | US        |    698000 | PA      | $697176.31    | 0.13%             | 2027-10-22      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| DELL INTERNATIONAL LLC / EMC CORP                         | DELL INTL/EMC CORP 6.02% 06/15/2026                                                 | CUSIP: 24703TAD8<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    700000 | PA      | $706482.80    | 0.13%             | 2026-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ AUTO LEASE TRUST 2024-A                     | MERCEDES-BENZ AUTO LEASE TRUST 2024-A 5.44% 02/16/2027                              | CUSIP: 58770JAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    746994 | PA      | $748806.36    | 0.14%             | 2027-02-16      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN NY                                  | SVENSKA HANDELSBANKEN NY VCD SOFR+34 12/10/2025                                     | CUSIP: 86959TJT4<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2001653.40   | 0.37%             | 2025-12-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                        | BMW US CAPITAL LLC FRN SOFRINDX+80 08/13/2026 144A                                  | CUSIP: 05565ECN3<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1304521.40   | 0.24%             | 2026-08-13      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TRUST 2025-1                            | CARMAX AUTO OWNER TR 2025-1 4.63% 03/15/2028                                        | CUSIP: 14319WAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1035000 | PA      | $1034658.97   | 0.19%             | 2028-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WORLD OMNI AUTO RECEIVABLES TRUST 2025-A                  | WORLD OMNI AUTO RECEIVABLES TRUST 2025-A 4.49% 04/17/2028                           | CUSIP: 98164YAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1075000 | PA      | $1074728.03   | 0.20%             | 2028-04-17      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                      | KEURIG DR PEPPER INC FRN SOFR+58 11/15/2026                                         | CUSIP: 49271VAY6<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   1760000 | PA      | $1762622.40   | 0.33%             | 2026-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                          | T-MOBILE USA INC 1.5% 02/15/2026                                                    | CUSIP: 87264ABZ7<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    500000 | PA      | $488333.00    | 0.09%             | 2026-02-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                 | UST NOTES 3.5% 09/30/2026                                                           | CUSIP: 91282CLP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11000000 | PA      | $10922656.25  | 2.02%             | 2026-09-30      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CITIBANK, N.A.                                            | CITIBANK NA 5.864% 09/29/2025                                                       | CUSIP: 17325FBA5<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1003008.60   | 0.19%             | 2025-09-29      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TRUST 2024-1                            | CARMAX AUTO OWNER TRUST 2024-1 5.3% 03/15/2027                                      | CUSIP: 14318WAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    270786 | PA      | $271120.03    | 0.05%             | 2027-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DLLST 2024-1 LLC                                          | DLLST 2024-1 LLC 5.33% 01/20/2026 144A                                              | CUSIP: 23346HAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    146084 | PA      | $146187.55    | 0.03%             | 2026-01-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                       | AMERICAN EXPRESS CO 6.338%/VAR 10/30/2026                                           | CUSIP: 025816DL0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1374000 | PA      | $1383407.52   | 0.26%             | 2026-10-30      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| RABOBANK NEDERLAND NEW YORK BRH                           | RABOBANK NEDERLAND NY BRH 4.333% 08/28/2026                                         | CUSIP: 21688ABF8<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1099336.36   | 0.20%             | 2026-08-28      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CR ACC MST TR                            | AMERICAN EXPRESS CR ACC MST TR 3.75% 08/15/2027                                     | CUSIP: 02582JJV3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1100000 | PA      | $1098229.00   | 0.20%             | 2027-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE OWNER TR 2024-C                                | JOHN DEERE OWNER TR 2024-C A2B SOFR30A+43 08/16/2027                                | CUSIP: 477911AC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    897326 | PA      | $897638.90    | 0.17%             | 2027-08-16      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| FORDO 2024-B                                              | FORDO 2024-B 5.4% 04/15/2027                                                        | CUSIP: 34531QAB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    541477 | PA      | $542897.14    | 0.10%             | 2027-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON AUTO TR 2024-1                                 | HUNTINGTON AUTO TR 2024-1 5.5% 03/15/2027 144A                                      | CUSIP: 446144AC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    308179 | PA      | $308577.64    | 0.06%             | 2027-03-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                             | GOLDMAN SACHS GROUP INC (THE) 5.798%/VAR 08/10/2026                                 | CUSIP: 38145GAM2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1602950.62   | 0.30%             | 2026-08-10      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                        | CREDIT AGRICOLE SA 1.247%/VAR 01/26/2027 144A                                       | CUSIP: 22535WAH0<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   1000000 | PA      | $976879.56    | 0.18%             | 2027-01-26      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ AUTO LEASE TRUST 2025-A                     | MERCEDES-BENZ AUTO LEASE TRUST 2025-A 4.57% 04/17/2028                              | CUSIP: 58768YAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    985000 | PA      | $986752.61    | 0.18%             | 2028-04-17      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Fidelity Revere Street Trust                              | Fidelity Cash Central Fund                                                          | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  66556574 | NS      | $66569884.91  | 12.33%            |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HONDA FINANCE CORP                               | AMERICAN HONDA FINANCE CORP 5.8% 10/03/2025                                         | CUSIP: 02665WEQ0<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1003925.11   | 0.19%             | 2025-10-03      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CAPTIAL ONE MULTI-ASSET EXECUT                            | CAPITAL ONE MULTI-ASST EXEC TR 4.95% 10/15/2027                                     | CUSIP: 14041NGB1<br>LEI: R42WS16M9R97TJJKGU15 | Long             | ABS-CBDO         | CORP              | US        |   1300000 | PA      | $1301467.57   | 0.24%             | 2027-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                           | DANSKE BANK AS (UNGTD) 6.259%/VAR 09/22/2026 144A                                   | CUSIP: 23636ABE0<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   1000000 | PA      | $1003767.91   | 0.19%             | 2026-09-22      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                   | BRISTOL-MYERS SQUIBB CO FRN SOFR+49 02/20/2026                                      | CUSIP: 110122EM6<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    654000 | PA      | $655101.15    | 0.12%             | 2026-02-20      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN NY                                  | SVENSKA HANDELSBANKEN NY YCD SOFR+35 07/15/2025                                     | CUSIP: 86959TFP6<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1500472.05   | 0.28%             | 2025-07-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| UST BILLS                                                 | UST BILLS 0% 08/07/2025                                                             | CUSIP: 912797MG9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $19844900.00  | 3.68%             | 2025-08-07      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST 2024-2 | GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST 2024-2 A2B SOFR30A+65 03/16/2027 | CUSIP: 379931AC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    350795 | PA      | $350712.01    | 0.06%             | 2027-03-16      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK OF IRELAND GROUP PLC                                 | BANK IRELAND GROUP PLC 2.029%/VAR 09/30/2027 144A                                   | CUSIP: 06279JAB5<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |   1300000 | PA      | $1252867.20   | 0.23%             | 2027-09-30      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| VOLVO FINANCIAL EQUIPMENT LLC SERIES 2024-1               | VOLVO FINANCIAL EQUIPMENT LLC SERIES 2024-1A A2 4.56% 05/17/2027 144A               | CUSIP: 92887QAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    672000 | PA      | $671687.65    | 0.12%             | 2027-05-17      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE CORP                               | AMERICAN HONDA FINANCE CORP FRN SOFR+65 05/20/2026                                  | CUSIP: 02665WGB1<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1601086.88   | 0.30%             | 2026-05-20      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BK NA SALT LAKE                            | MORGAN STANLEY BK NA SALT LAKE 5.479% 07/16/2025                                    | CUSIP: 61690U7U8<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000452.48   | 0.19%             | 2025-07-16      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORDEA BANK ABP                                           | NORDEA BANK ABP FRN SOFR+70 03/17/2028 144A                                         | CUSIP: 65558RAM1<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   1520000 | PA      | $1520793.87   | 0.28%             | 2028-03-17      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN NY                                  | SVENSKA HANDELSBANKEN NY YCD SOFR+35 04/08/2026                                     | CUSIP: 86959TMN3<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1500833.10   | 0.28%             | 2026-04-08      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FINANCE NORTH AMERICA LLC                   | MERCEDES-BENZ FINANCE NORTH AMERICA LLC FRN SOFR+63 07/31/2026 144A                 | CUSIP: 58769JAV9<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    900000 | PA      | $900459.23    | 0.17%             | 2026-07-31      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL QUE                                      | BMOM VCP SOFR+35 8/7/25                                                             | CUSIP: 06373LCX5<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1400000 | PA      | $1400515.48   | 0.26%             | 2025-08-07      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                  | LLOYDS BANKING GROUP PLC FRN SOFRINDX+156 08/07/2027                                | CUSIP: 53944YAW3<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $503814.14    | 0.09%             | 2027-08-07      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| MIZUHO BANK LTD NY BRANCH                                 | MIZUHO BANK LTD NY BRANCH YCD SOFR+35 05/04/2026                                    | CUSIP: 60710TK91<br>LEI: RB0PEZSDGCO3JS6CEU02 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1500021.00   | 0.28%             | 2026-05-04      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| VERIZON MASTER TRUST                                      | VERIZON MASTER TRUST SOFR30A+55 03/20/2030                                          | CUSIP: 92348KDZ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1675000 | PA      | $1675282.91   | 0.31%             | 2030-03-20      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ING US FUNDING LLC                                        | INGFDL VCP SOFR+21 6/16/25                                                          | CUSIP: 44988GFF0<br>LEI: 254900QX5Y2ZDZ6XBT08 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2000114.20   | 0.37%             | 2025-06-16      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPRL BK COMM NY BRH                             | CANADIAN IMPRL BK COMM NY BRH YCD SOFR+35 09/23/2025                                | CUSIP: 13606DAF9<br>LEI: 549300H8L46OOZOFHU82 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2001298.40   | 0.37%             | 2025-09-23      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COS INC                                          | WILLIAMS COS INC 5.4% 03/02/2026                                                    | CUSIP: 969457CH1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    400000 | PA      | $401993.28    | 0.07%             | 2026-03-02      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WORLD OMNI AUTO RECEIVABLES TR 2024-B                     | WORLD OMNI AUTO RECEIVABLES TR 2024-B 5.48% 09/15/2027                              | CUSIP: 98164HAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    374593 | PA      | $375305.45    | 0.07%             | 2027-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SBNA AUTO LEASE TRUST 2024-C                              | SBNA AUTO LEASE TRUST 2024-C 4.94% 11/20/2026 144A                                  | CUSIP: 78398DAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    338014 | PA      | $338080.35    | 0.06%             | 2026-11-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ TRUST and BANKING CORP NY BRANCH           | MITSUBISHI UFJ TR and BK NY BRH YCD SOFR+40 11/12/2025                              | CUSIP: 60683DK99<br>LEI: JBONEPAGQXF4QP29B387 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2001535.80   | 0.37%             | 2025-11-12      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP LTD / AERCAP GLOBAL AVIATION TR        | AERCAP IRELAND CAP LTD / AERCAP GLOBAL AVIATION TR 2.45% 10/29/2026                 | CUSIP: 00774MAV7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1000000 | PA      | $969194.44    | 0.18%             | 2026-10-29      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG NEW YORK BNCH                            | DEUTSCHE BANK AG NEW YORK BNCH 7.146%/VAR 07/13/2027                                | CUSIP: 25160PAN7<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1330858.76   | 0.25%             | 2027-07-13      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                  | TOYOTA MOTOR CREDIT CORP FRN SOFR+77 08/07/2026                                     | CUSIP: 89236TML6<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   1309000 | PA      | $1314031.27   | 0.24%             | 2026-08-07      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TOYOTA AUTO RECEIVABLES 2022-C OWNER TR                   | TOYOTA AUTO RECEIVABLES 2022-C OWNER TR 3.76% 04/15/2027                            | CUSIP: 89231CAD9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    160862 | PA      | $160283.70    | 0.03%             | 2027-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                                   | NATIONAL BANK OF CANADA 4.95%/VAR 02/01/2028                                        | CUSIP: 63307A3D5<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |   1466000 | PA      | $1472319.28   | 0.27%             | 2028-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA HOUSTON BRANCH                        | BANK OF NOVA SCOTIA HOUSTON BR YCD SOFR+35 12/19/2025                               | CUSIP: 06418NEL2<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2201070.52   | 0.41%             | 2025-12-19      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST 2024-D                       | FORD CREDIT AUTO OWNER TRUST 2024-D 4.59% 10/15/2027                                | CUSIP: 34535VAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    780000 | PA      | $780137.67    | 0.14%             | 2027-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DLLAD 2024-1 LLC                                          | DLLAD 2024-1 LLC 5.5% 08/20/2027 144A                                               | CUSIP: 23346MAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    309124 | PA      | $310411.23    | 0.06%             | 2027-08-20      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL QUE                                      | BANK OF MONTREAL QUE VCP SOFR+45 04/08/2026                                         | CUSIP: 06373LDY2<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1500000 | PA      | $1500966.45   | 0.28%             | 2026-04-08      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE and CO                                     | JPMORGAN CHASE and CO 3.96%/VAR 01/29/2027                                          | CUSIP: 46647PBA3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1194971.72   | 0.22%             | 2027-01-29      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG LLC                                        | NXP BV/NXP FDG LLC 5.35% 03/01/2026                                                 | CUSIP: 62947QBB3<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |   1100000 | PA      | $1105662.78   | 0.20%             | 2026-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TRUST 2021-4                            | CARMAX AUTO OWNER TRUST 2021-4 A3 0.56% 09/15/2026                                  | CUSIP: 14317JAD9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     58055 | PA      | $57876.44     | 0.01%             | 2026-09-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| MIZUHO BANK LTD NY BRANCH                                 | MIZUHO BANK LTD NY BRANCH YCD SOFR+35 11/17/2025                                    | CUSIP: 60710TWC1<br>LEI: RB0PEZSDGCO3JS6CEU02 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2201460.36   | 0.41%             | 2025-11-17      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| US BANCORP DEL                                            | US BANCORP DEL 5.727%/VAR 10/21/2026                                                | CUSIP: 91159HJH4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   1376000 | PA      | $1381177.42   | 0.26%             | 2026-10-21      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| CITIZENS AUTO RECEIVABLES TRUST 2024-2                    | CITIZENS AUTO RECEIVABLES TRUST 2024-2 5.54% 11/16/2026 144A                        | CUSIP: 17331XAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    381790 | PA      | $382359.31    | 0.07%             | 2026-11-16      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                            | MORGAN STANLEY 1.512%/VAR 07/20/2027                                                | CUSIP: 61747YEC5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1688510.72   | 0.31%             | 2027-07-20      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC NY BRANCH                               | BARCLAYS BANK PLC NY BRANCH YCD SOFR+34 12/31/2025                                  | CUSIP: 06745GCH2<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2000644.80   | 0.37%             | 2025-12-31      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BANK - NY                                | TORONTO DOMINION BANK - NY YCD FEDL+40 08/22/2025                                   | CUSIP: 89115BTR1<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1500821.25   | 0.28%             | 2025-08-22      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL FLAVORS and FRAGRANCES INC                  | INTERNATIONAL FLAVS and FRAG INC 1.23% 10/01/2025 144A                              | CUSIP: 459506AN1<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |    370000 | PA      | $365405.53    | 0.07%             | 2025-10-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                              | BARCLAYS PLC 4.375% 01/12/2026                                                      | CUSIP: 06738EAN5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1250000 | PA      | $1246991.08   | 0.23%             | 2026-01-12      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MBART 2025-1                                              | MERCEDES-BENZ AUTO RECEIVABLES TR 2025-1 4.5% 02/15/2028                            | CUSIP: 58773DAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    825000 | PA      | $824247.35    | 0.15%             | 2028-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMER FIN LLC                             | VOLKSWAGEN GROUP AMER FIN LLC FRN SOFR+83 03/20/2026 144A                           | CUSIP: 928668CD2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1602270.35   | 0.30%             | 2026-03-20      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL QUE                                      | BANK OF MONTREAL QUE 0.949%/VAR 01/22/2027                                          | CUSIP: 06368EDC3<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    960000 | PA      | $936924.10    | 0.17%             | 2027-01-22      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV                                          | ABN AMRO BANK NV FRN SOFRINDX+178 09/18/2027 144A                                   | CUSIP: 00084DBB5<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |   1100000 | PA      | $1110934.00   | 0.21%             | 2027-09-18      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL QUE                                      | BANK OF MONTREAL QUE FRN SOFRINDX+88 09/10/2027                                     | CUSIP: 06368L8M1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1380000 | PA      | $1383077.40   | 0.26%             | 2027-09-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SANTANDER HLDGS USA INC                                   | SANTANDER HLDGS USA INC 4.5% 07/17/2025                                             | CUSIP: 80282KAE6<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1299251.98   | 0.24%             | 2025-07-17      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TRANE TECHNOLOGIES FINANCING LTD                          | TRANE TECHNOLOGIES FINANCING LTD 3.5% 03/21/2026                                    | CUSIP: 456873AE8<br>LEI: 549300A5OEF3CJI2CO89 | Long             | DBT              | CORP              | IE        |   1440000 | PA      | $1429454.51   | 0.26%             | 2026-03-21      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                              | BARCLAYS PLC T1Y+NA 08/09/2026                                                      | CUSIP: 06738EBZ7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1820000 | PA      | $1821618.93   | 0.34%             | 2026-08-09      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST 2024-1 | GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST 2024-1 5.12% 02/16/2027          | CUSIP: 36268GAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    193796 | PA      | $193994.68    | 0.04%             | 2027-02-16      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GLAXOSMITHKLINE CAP PLC                                   | GLAXOSMITHKLINE CAP PLC FRN SOFR+50 03/12/2027                                      | CUSIP: 377373AN5<br>LEI: 549300U0LV41VX7LEP38 | Long             | DBT              | CORP              | GB        |   1707000 | PA      | $1711113.87   | 0.32%             | 2027-03-12      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                                       | GILEAD SCIENCES INC 3.65% 03/01/2026                                                | CUSIP: 375558BF9<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1490080.17   | 0.28%             | 2026-03-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAPITAL LLC                                | CNH INDUSTRIAL CAPITAL LLC 5.45% 10/14/2025                                         | CUSIP: 12592BAP9<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1504960.61   | 0.28%             | 2025-10-14      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DCP MIDSTREAM OPERATING LP                                | DCP MIDSTREAM OPER LP 5.375% 07/15/2025                                             | CUSIP: 23311VAG2<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $1130286.59   | 0.21%             | 2025-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2024-1                | VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2024-1 4.65% 11/22/2027                         | CUSIP: 92868RAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1171483 | PA      | $1172086.65   | 0.22%             | 2027-11-22      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TRUST BANK LTC NY                         | SUMITOMO MITSUI TR BANK LTD NY YCD SOFR+35 11/19/2025                               | CUSIP: 86564PV32<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2201439.90   | 0.41%             | 2025-11-19      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TRINITY ACQ PLC                                           | TRINITY ACQ PLC 4.4% 03/15/2026                                                     | CUSIP: 89641UAC5<br>LEI: 549300FJZWZN6MJNGB63 | Long             | DBT              | CORP              | GB        |   1600000 | PA      | $1593942.85   | 0.30%             | 2026-03-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TOYOTA LEASE OWNER TRUST 2023-B                           | TOYOTA LEASE OWNER TRUST 2023-B 5.66% 11/20/2026 144A                               | CUSIP: 89240HAD7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1095344 | PA      | $1099416.07   | 0.20%             | 2026-11-20      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| WOART 2025-B                                              | WOART 2025-B 4.38% 08/15/2028                                                       | CUSIP: 98164TAB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1570000 | PA      | $1568168.12   | 0.29%             | 2028-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| THE TORONTO DOMINION BANK                                 | TORONTO DOMINION BANK FRN SOFR+62 12/17/2026                                        | CUSIP: 89115A3B6<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   1900000 | PA      | $1901424.41   | 0.35%             | 2026-12-17      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2024-P4                    | CARVANA AUTO RECEIVABLES TRUST 2024-P4 4.62% 02/10/2028                             | CUSIP: 14076LAB9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    512399 | PA      | $512154.14    | 0.09%             | 2028-02-10      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SBNA AUTO LEASE TRUST 2024-B                              | SBNA AUTO LEASE TRUST 2024-B 5.56% 11/22/2027 144A                                  | CUSIP: 78437VAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    498000 | PA      | $502137.78    | 0.09%             | 2027-11-22      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                 | UST NOTES 4.25% 01/31/2026                                                          | CUSIP: 91282CJV4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4500000 | PA      | $4498198.25   | 0.83%             | 2026-01-31      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL AUTOMOBILE LEASING TRUST 2025-1              | GM FINANCIAL AUTOMOBILE LEASING TRUST 2025-1 VAR 05/20/2027                         | CUSIP: 36271VAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1500956.55   | 0.28%             | 2027-05-20      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| DISCOVER CARD EXECUTION NT TR                             | DISCOVER CARD EXECUTION NT TR 3.56% 07/15/2027                                      | CUSIP: 254683CW3<br>LEI: 549300CKCX1QE4RUW216 | Long             | ABS-CBDO         | CORP              | US        |   1200000 | PA      | $1198511.76   | 0.22%             | 2027-07-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WORLD OMNI AUTO RECEIVABLES TRUST 2022-A                  | WORLD OMNI AUTO RECEIVABLES TRUST 2022-A 1.66% 05/17/2027                           | CUSIP: 98164GAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    203061 | PA      | $201724.71    | 0.04%             | 2027-05-17      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIFORNIA EDISON CO                             | SOUTHERN CALIFORNIA EDISON CO 3.7% 08/01/2025                                       | CUSIP: 842400GN7<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1375883.46   | 0.25%             | 2025-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ TRUST and BANKING CORP NY BRANCH           | MITSUBISHI UFJ TR and BK NY BRH YCD SOFR+38 09/09/2025                              | CUSIP: 60683DG52<br>LEI: JBONEPAGQXF4QP29B387 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1800987.48   | 0.33%             | 2025-09-09      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE and CO                                     | JPMORGAN CHASE and CO 1.47%/VAR 09/22/2027                                          | CUSIP: 46647PCP9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    700000 | PA      | $672229.24    | 0.12%             | 2027-09-22      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN AUTO LEASE TR 2024-A                           | VOLKSWAGEN AUTO LEASE TR 2024-A A2B SOFR30A+47 12/21/2026                           | CUSIP: 92866EAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    882921 | PA      | $881941.90    | 0.16%             | 2026-12-21      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                             | CITIGROUP INC 1.462%/VAR 06/09/2027                                                 | CUSIP: 172967NA5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    700000 | PA      | $676696.87    | 0.13%             | 2027-06-09      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SVCS CORP                                | CATERPILLAR FINL SVCS CORP FRN SOFR+69 10/16/2026                                   | CUSIP: 14913UAP5<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1305251.95   | 0.24%             | 2026-10-16      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                        | ENERGY TRANSFER LP 5.95% 12/01/2025                                                 | CUSIP: 86765BAS8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    670000 | PA      | $671853.94    | 0.12%             | 2025-12-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                              | UBS GROUP AG 4.703%/VAR 08/05/2027 144A                                             | CUSIP: 902613AS7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    910000 | PA      | $909313.24    | 0.17%             | 2027-08-05      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CITIZENS AUTO RECEIVABLES TRUST 2024-1                    | CITIZENS AUTO RECEIVABLES TRUST 2024-1 5.43% 10/15/2026 144A                        | CUSIP: 17331QAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    212226 | PA      | $212431.77    | 0.04%             | 2026-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK NEW YORK MELLON CORP                                 | BANK NEW YORK MELLON CORP 4.947%/VAR 04/26/2027                                     | CUSIP: 06406RBQ9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1607366.62   | 0.30%             | 2027-04-26      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| THE TORONTO DOMINION BANK                                 | TORONTO DOMINION BANK VCP SOFR+45 04/27/2026                                        | CUSIP: 89120FC69<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1000001.70   | 0.19%             | 2026-04-27      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ AUTO RECEIVABLES TRUST 2024-1               | MERCEDES-BENZ AUTO RECEIVABLES TRUST 2024-1 5.06% 05/17/2027                        | CUSIP: 587918AB9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    244457 | PA      | $244620.30    | 0.05%             | 2027-05-17      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW YORK MELLON                                   | BANK OF NEW YORK MELLON FRN SOFRINDX+71 04/20/2027                                  | CUSIP: 06405LAG6<br>LEI: HPFHU0OQ28E4N0NFVK49 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2005462.70   | 0.37%             | 2027-04-20      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                         | STATE STREET CORP FRN SOFR+95 04/24/2028                                            | CUSIP: 857477CZ4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    699000 | PA      | $702585.40    | 0.13%             | 2028-04-24      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MCCORMICK and CO INC                                      | MCCORMICK and CO INC 0.9% 02/15/2026                                                | CUSIP: 579780AR8<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |   1858000 | PA      | $1809679.55   | 0.34%             | 2026-02-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE PRIME AUTO RECEIVABLES TR 2024-1              | CAPITAL ONE PRIME AUTO RECEIVABLES TR 2024-1 4.61% 10/15/2027                       | CUSIP: 14043NAB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1031728 | PA      | $1031746.05   | 0.19%             | 2027-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| EQUITABLE FINANCIAL LIFE GLOBAL FUNDING                   | EQUITABLE FINANCIAL LIFE GLOBAL FUNDING 1.7% 11/12/2026 144A                        | CUSIP: 29449WAL1<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1345074.08   | 0.25%             | 2026-11-12      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                               | BNP PARIBAS 2.591%/VAR 01/20/2028 144A                                              | CUSIP: 09659W2T0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    550000 | PA      | $530885.32    | 0.10%             | 2028-01-20      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                 | UST NOTES 4.75% 07/31/2025                                                          | CUSIP: 91282CHN4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1700000 | PA      | $1701062.50   | 0.32%             | 2025-07-31      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ROSS STORES INC                                           | ROSS STORES INC 0.875% 04/15/2026                                                   | CUSIP: 778296AF0<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1356851.89   | 0.25%             | 2026-04-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                     | ATHENE GLOBAL FUNDING 1.608% 06/29/2026 144A                                        | CUSIP: 04685A2Z3<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1210596.61   | 0.22%             | 2026-06-29      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| TOYOTA LEASE OWNER TRUST 2023-A                           | TOYOTA LEASE OWNER TRUST 2023-A 4.93% 04/20/2026 144A                               | CUSIP: 89239MAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    127217 | PA      | $127243.83    | 0.02%             | 2026-04-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPRL BK COMM NY BRH                             | CANADIAN IMPRL BK COMM NY BRH YCD SOFR+38 12/22/2025                                | CUSIP: 13606DDL3<br>LEI: 549300H8L46OOZOFHU82 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2002275.60   | 0.37%             | 2025-12-22      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TR 2022-3                               | CARMAX AUTO OWNER TR 2022-3 3.97% 04/15/2027                                        | CUSIP: 14318MAD1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    447438 | PA      | $446203.03    | 0.08%             | 2027-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LTD                            | CANADIAN NATL RESOURCES LTD 2.05% 07/15/2025                                        | CUSIP: 136385AZ4<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |    900000 | PA      | $897034.59    | 0.17%             | 2025-07-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| DEXT ABS 2025-1 LLC                                       | DEXT ABS 2025-1 LLC 4.59% 08/16/2027 144A                                           | CUSIP: 252154AB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    355000 | PA      | $354388.73    | 0.07%             | 2027-08-16      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HYUNDAI AUTO LEASE SECURITIZATION TRUST 2025-B            | HYUNDAI AUTO LEASE SECURITIZATION TRUST 2025-B 4.58% 09/15/2027 144A                | CUSIP: 44935DAB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1260000 | PA      | $1261732.63   | 0.23%             | 2027-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                              | UBS GROUP AG 2.193%/VAR 06/05/2026 144A                                             | CUSIP: 225401AQ1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    750000 | PA      | $749853.12    | 0.14%             | 2026-06-05      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** Laura M. Del Prato

**Signature:** Laura M. Del Prato

**Name of Signer:** Laura M. Del Prato

**Title:** President and Treasurer