# EDGAR Filing Document

**Accession Number:** 0000088525
**File Stem:** 0000940400-26-009628
**Filing Date:** 2026-3
**Character Count:** 217796
**Document Hash:** 18a417b88113db6a60c132746b2d8e7c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-009628.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0000940400-26-009628

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GUGGENHEIM FUNDS TRUST
- **CENTRAL INDEX KEY:** 0000088525

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01136
- **FILM NUMBER:** 26708741

**BUSINESS ADDRESS:**
- **STREET 1:** 702 KING FARM BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850
- **BUSINESS PHONE:** 301-296-5100

**MAIL ADDRESS:**
- **STREET 1:** 702 KING FARM BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SECURITY EQUITY FUND
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Guggenheim Active INvestment Series (GAINS)-Core Plus Fund (Series ID: S000085233)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000250200 | SMA Class    | GUCPX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Guggenheim Funds Trust

- **b. Investment Company Act file number:** 811-01136

- **c. CIK number of Registrant:** 0000088525

- **d. LEI of Registrant:** 54930033G24U3UGWK691

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

  - **Street Address 1:** 702 KING FARM BOULEVARD

  - **City:** ROCKVILLE

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 20850

  - **Telephone number:** 301-296-5100

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

- **a. Name of Series:** Guggenheim Active INvestment Series (GAINS)-Core Plus Fund

- **b. EDGAR series identifier (if any):** S000085233

- **c. LEI of Series:** 254900FAWG2JU2ANGG24

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

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

- **b. Date as of which information is reported:** 2025-12-31

**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:** $161297488.62

**Total Liabilities:** $27467481.87

**Net Assets:** $133830006.75

**Delayed Delivery Securities:** $839830.00

**Stand-by Commitments:** $20086715.50

**Cash Not Reported:** $250000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1491.94848056 | **1-Year:** 17826.41892557 | **5-Year:** 17431.35678292 | **10-Year:** 11323.20596616 | **30-Year:** 2690.79448060

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

- **3-Month:** 1471.06221772 | **1-Year:** 1018.33473691 | **5-Year:** 4933.00323245 | **10-Year:** 1286.09804328 | **30-Year:** 1175.09334030

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000250200 | 0.59%                | 0.58%                | 0.12%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $82006.97                | $-61967.54                                 |
| Month 2  | $-16279.94               | $115756.38                                 |
| Month 3  | $-62303.65               | $-143958.89                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                        | Title                                                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MORGAN STANLEY CAPITAL SERVICES LLC         | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DIR              | CORP              | US        |   2528000 | NC      | $22242.14     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                 | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -712500 | NC      | $-169.95      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                        | FS Rialto 2025-FL10 Issuer LLC                                                  | CUSIP: 30340KAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    300000 | PA      | $299870.88    | 0.22%             | 2042-08-19      | Floating      | 5.12%                 | Yes           |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I                      | Vmed O2 UK Financing I PLC                                                      | CUSIP: 92858RAE0<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $198207.04    | 0.15%             | 2033-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140NY6E6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    249364 | PA      | $250574.91    | 0.19%             | 2055-07-01      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| PCI GAMING AUTHORITY                        | PCI GAMING AUTHORITY                                                            | CUSIP: 70455DAG9<br>LEI: 549300KPXAJ1LRW5LP59 | Long             | LON              | CORP              | US        |     29550 | PA      | $29582.80     | 0.02%             | 2031-07-21      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| RECESS HOLDINGS INC                         | RECESS HOLDINGS INC                                                             | CUSIP: 72811HAJ9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    499497 | PA      | $502229.74    | 0.38%             | 2030-02-20      | Floating      | 7.62%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                    | Madison Park Funding LXXI Ltd                                                   | CUSIP: 55817DAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250315.73    | 0.19%             | 2038-04-23      | Floating      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| Anchor Mortgage Trust                       | Anchor Mortgage Trust 2025-RTL1                                                 | CUSIP: 03290CAA4<br>LEI: 254900S7O2LYCU17JI96 | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $201058.54    | 0.15%             | 2040-05-25      | Variable      | 5.72%                 | Yes           |                  2 | On Loan: No      |
| KROLL (DEERFIELD) 1L TLB CL USD             | KROLL (DEERFIELD) 1L TLB CL USD                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    150000 | PA      | $149439.27    | 0.11%             | 2032-09-13      | Floating      | 6.67%                 | No            |                  3 | On Loan: No      |
| Onslow Bay Financial LLC                    | OBX 2024-NQM16 Trust                                                            | CUSIP: 67120GAD0<br>LEI: 254900AIRPH5Q5COT575 | Long             | ABS-MBS          | CORP              | US        |     69055 | PA      | $69718.30     | 0.05%             | 2064-10-25      | Variable      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| KROLL (DEERFIELD) 1L CL REV UNFUND          | KROLL (DEERFIELD) 1L CL REV UNFUND                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     10000 | PA      | $10000.00     | 0.01%             | 2032-09-13      | Fixed         | 0.62%                 | No            |                  3 | On Loan: No      |
| BNP PARIBAS                                 | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -712500 | NC      | $-86.70       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FIGRE Trust                                 | FIGRE Trust 2024-HE5                                                            | CUSIP: 31684FAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    112433 | PA      | $113876.94    | 0.09%             | 2054-10-25      | Variable      | 5.44%                 | Yes           |                  2 | On Loan: No      |
| SLAM LLC                                    | SLAM 2025-1 Ltd                                                                 | CUSIP: 78450TAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    241253 | PA      | $247245.16    | 0.18%             | 2050-05-15      | Fixed         | 5.81%                 | Yes           |                  2 | On Loan: No      |
| Verus Securitization Trust                  | Verus Securitization Trust 2025-2                                               | CUSIP: 92540VAD7<br>LEI: 213800TTP1CNX4WER720 | Long             | ABS-MBS          | CORP              | US        |     85764 | PA      | $86116.33     | 0.06%             | 2070-03-25      | Variable      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| Mill City Mortgage Trust                    | Mill City Securities 2024-RS1 Ltd                                               | CUSIP: 599920AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     58703 | PA      | $55680.64     | 0.04%             | 2069-11-01      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| GCAT                                        | GCAT 2022-NQM3 Trust                                                            | CUSIP: 36168MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     75949 | PA      | $75702.67     | 0.06%             | 2067-04-25      | Variable      | 4.35%                 | Yes           |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd              | Golub Capital Partners CLO 16M-R3                                               | CUSIP: 38181EAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    150000 | PA      | $150193.50    | 0.11%             | 2039-08-09      | Floating      | 5.49%                 | Yes           |                  2 | On Loan: No      |
| Woodward Capital Management                 | RCKT Mortgage Trust 2025-CES6                                                   | CUSIP: 748949AA2<br>LEI: 2549002LEW4WNQBOMB89 | Long             | ABS-MBS          | CORP              | US        |    222168 | PA      | $224294.57    | 0.17%             | 2055-06-25      | Variable      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| POLARIS INC                                 | Polaris Inc                                                                     | CUSIP: 731068AB8<br>LEI: 549300QJSN8UVWN1EI78 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252610.63    | 0.19%             | 2031-03-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                       | LEVEL 3 FINANCING INC                                                           | CUSIP: 52729KAU0<br>LEI: 254900AE5FEFIJOXWL19 | Long             | LON              | CORP              | US        |     70000 | PA      | $70157.50     | 0.05%             | 2032-03-29      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| BELROSE FUNDING TRUST II                    | Belrose Funding Trust II                                                        | CUSIP: 08079KAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $103834.28    | 0.08%             | 2055-05-15      | Fixed         | 6.79%                 | Yes           |                  2 | On Loan: No      |
| BNP PARIBAS                                 | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -997500 | NC      | $-1666.32     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PFP III                                     | PFP 2025-12 Ltd                                                                 | CUSIP: 69382JAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $400179.96    | 0.30%             | 2042-12-18      | Floating      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| Starwood Commercial Mortgage T              | STWD 2025-FL4 LLC                                                               | CUSIP: 863922AE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1400000 | PA      | $1399335.84   | 1.05%             | 2042-11-19      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| Archwest Mortgage Trust                     | Archwest Mortgage Trust 2025-RTL1                                               | CUSIP: 039966AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1100000 | PA      | $1101347.06   | 0.82%             | 2040-10-25      | Variable      | 5.20%                 | Yes           |                  2 | On Loan: No      |
| FIGRE Trust                                 | FIGRE Trust 2025-PF1                                                            | CUSIP: 316922AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    169154 | PA      | $171625.34    | 0.13%             | 2055-06-25      | Variable      | 5.91%                 | Yes           |                  2 | On Loan: No      |
| Taco Bell Funding, LLC                      | Taco Bell Funding LLC                                                           | CUSIP: 87342RAK0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $149158.76    | 0.11%             | 2055-08-25      | Fixed         | 4.82%                 | Yes           |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                     | Jane Street Group / JSG Finance Inc                                             | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    680000 | PA      | $691940.80    | 0.52%             | 2032-11-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO                     | BEACH ACQUISITION BIDCO                                                         | CUSIP: 07337FAB1<br>LEI: 254900F2FNX3GBTB6202 | Long             | LON              | CORP              | US        |    350000 | PA      | $352408.00    | 0.26%             | 2032-09-13      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                    | Mill City Securities 2024-RS2 Ltd                                               | CUSIP: 59982DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     69306 | PA      | $65667.80     | 0.05%             | 2069-08-01      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| CITADEL SECURITIES GLOBA                    | Citadel Securities Global Holdings LLC                                          | CUSIP: 17289RAB2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | DBT              | CORP              | US        |    870000 | PA      | $915798.49    | 0.68%             | 2035-06-18      | Fixed         | 6.20%                 | Yes           |                  2 | On Loan: No      |
| BSPRT Issuer, Ltd.                          | BSPRT 2025-FL12 Issuer LLC                                                      | CUSIP: 05619BAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $100221.62    | 0.07%             | 2043-01-17      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL SERVICES LLC         | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DIR              | CORP              | US        |   -712500 | NC      | $-90.93       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd              | Golub Capital Partners CLO 83M                                                  | CUSIP: 38182EAG4<br>LEI: 254900VLZT72CPBHZ909 | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $99677.42     | 0.07%             | 2038-11-09      | Floating      | 5.89%                 | Yes           |                  2 | On Loan: No      |
| BDS Ltd                                     | BDS 2025-FL14 LLC                                                               | CUSIP: 072921AC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    200000 | PA      | $199717.14    | 0.15%             | 2042-10-17      | Floating      | 5.30%                 | Yes           |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS                    | FOCUS FINANCIAL PARTNERS LLC                                                    | CUSIP: 34416DBD9<br>LEI: 5493007L0E0VKRC2CP39 | Long             | LON              | CORP              | US        |    173935 | PA      | $174181.66    | 0.13%             | 2031-09-15      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                 | RCKT Mortgage Trust 2025-CES1                                                   | CUSIP: 749427AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    233856 | PA      | $236172.51    | 0.18%             | 2045-01-25      | Variable      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                       | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    120000 | PA      | $129660.12    | 0.10%             | 2033-05-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Taco Bell Funding, LLC                      | Taco Bell Funding LLC                                                           | CUSIP: 87342RAL8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $149432.16    | 0.11%             | 2055-08-25      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC                               | TRANSDIGM INC                                                                   | CUSIP: 89364MCD4<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |     24688 | PA      | $24779.09     | 0.02%             | 2032-01-20      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                     | BDS 2025-FL15 LLC                                                               | CUSIP: 05556EAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    300000 | PA      | $300369.72    | 0.22%             | 2043-03-19      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| NISOURCE INC                                | NiSource Inc                                                                    | CUSIP: 65473PAY1<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125809.60    | 0.09%             | 2056-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Obsidian Issuer LLC                         | Obsidian Issuer 2025-1 LLC                                                      | CUSIP: 67449HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $251926.49    | 0.19%             | 2055-05-15      | Fixed         | 6.93%                 | Yes           |                  3 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | USD CALL VERSUS EUR PUT                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |   1132000 | NC      | $5.83         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HARBOURVEST PARTNERS LP                     | HARBOURVEST PARTNERS LP                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    800000 | PA      | $800000.00    | 0.60%             | 2030-04-18      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| TELUS CORP                                  | TELUS Corp                                                                      | CUSIP: 87971MCL5<br>LEI: 894500WE70KKZRQMBU11 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $51022.15     | 0.04%             | 2055-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| QTS CORP                                    | QTS CORP                                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    775000 | PA      | $778009.64    | 0.58%             | 2032-08-21      | Fixed         | 5.42%                 | No            |                  3 | On Loan: No      |
| ORACLE CORP                                 | Oracle Corp                                                                     | CUSIP: 68389XDK8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     75000 | PA      | $72406.65     | 0.05%             | 2032-09-26      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CMFT Net Lease Master Issuer L              | CMFT Net Lease Master Issuer LLC                                                | CUSIP: 12575AAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    478852 | PA      | $411126.63    | 0.31%             | 2051-07-20      | Fixed         | 2.57%                 | Yes           |                  2 | On Loan: No      |
| Cerberus                                    | Cerberus Loan Funding XLVIII LLC                                                | CUSIP: 15675JAE0<br>LEI: 635400TT2BPIAD7JRA96 | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $100399.34    | 0.08%             | 2036-10-15      | Floating      | 6.20%                 | Yes           |                  2 | On Loan: No      |
| GCAT                                        | GCAT 2025-INV3 Trust                                                            | CUSIP: 36831DAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    181779 | PA      | $185370.74    | 0.14%             | 2055-08-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ALLWYN ENTERTAINMENT FIN                    | Allwyn Entertainment Financing UK PLC                                           | CUSIP: 000000000<br>LEI: 315700J7ZTIN8XGCX365 | Long             | DBT              | CORP              | GB        |    180000 | PA      | $222304.97    | 0.17%             | 2030-04-30      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE                         | Dow Chemical Co/The                                                             | CUSIP: 260543DH3<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51275.83     | 0.04%             | 2053-05-15      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| FARMERS INS EXCH                            | Farmers Insurance Exchange                                                      | CUSIP: 309601AG7<br>LEI: 549300UWG2TLX1GZVT44 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20520.40     | 0.02%             | 2064-10-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                           | EUR/USD FORWARD                                                                 | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-23.60       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Easy Street Mortgage Loan Trus              | Easy Street Mortgage Loan Trust 2025-RTL2                                       | CUSIP: 27786YAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $707185.01    | 0.53%             | 2040-10-25      | Variable      | 5.61%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 31418FRA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     86044 | PA      | $88464.66     | 0.07%             | 2055-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 38 Ltd                          | Elmwood CLO 38 Ltd                                                              | CUSIP: 289908AC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250637.20    | 0.19%             | 2038-04-22      | Floating      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| FRONERI US INC                              | FRONERI US INC                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     24812 | PA      | $24784.69     | 0.02%             | 2031-09-30      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| SAPHILUX SARL (IQ-EQ)1L TL CL USD           | SAPHILUX SARL (IQ-EQ)1L TL CL USD                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $804504.00    | 0.60%             | 2028-07-18      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| CCC INTELLIGENT SOLUTION                    | CCC INTELLIGENT SOLUTIONS INC                                                   | CUSIP: 12511BAC6<br>LEI: 5493006JEEL9RIWY5T17 | Long             | LON              | CORP              | US        |    148875 | PA      | $149247.19    | 0.11%             | 2032-01-23      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| AL GCX FUND                                 | AL GCX FUND VIII HOLDINGS LLC                                                   | CUSIP: 00162AAB7<br>LEI: 254900KQJGH397AKYT16 | Long             | LON              | CORP              | US        |    147522 | PA      | $147337.78    | 0.11%             | 2032-01-30      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| COLOSSUS ACQUIRECO LLC                      | COLOSSUS ACQUIRECO LLC                                                          | CUSIP: 19682LAB4<br>LEI: 2549009FT92RXWA46910 | Long             | LON              | CORP              | US        |    100000 | PA      | $99875.00     | 0.07%             | 2032-07-30      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| ABPCI Direct Lending Fund CLO               | ABPCI DIRECT LENDING FUND CLO V LTD                                             | CUSIP: 000807AW7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    100000 | PA      | $100199.82    | 0.07%             | 2036-01-20      | Floating      | 6.08%                 | Yes           |                  2 | On Loan: No      |
| Castlelake Aircraft Securitiza              | Castlelake Aircraft Structured Trust 2025-3                                     | CUSIP: 14855YAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    298019 | PA      | $298841.03    | 0.22%             | 2050-11-15      | Fixed         | 5.09%                 | Yes           |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                   | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DIR              | CORP              | CA        |   -712500 | NC      | $-114.58      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                  | Verus Securitization Trust 2025-5                                               | CUSIP: 92540XAC5<br>LEI: 213800Z7TIVJRAYLRV98 | Long             | ABS-MBS          | CORP              | US        |    408234 | PA      | $410157.14    | 0.31%             | 2070-06-25      | Variable      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| BO GPS IV CAPITAL CALL FACILITY D           | BO GPS IV CAPITAL CALL FACILITY D                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $200742.84    | 0.15%             | 2032-10-30      | Fixed         | 5.38%                 | No            |                  3 | On Loan: No      |
| PETSMART INC                                | PETSMART INC                                                                    | CUSIP: 71677HAN5<br>LEI: 894500NGJMHSFNESGA67 | Long             | LON              | CORP              | US        |    320000 | PA      | $318300.80    | 0.24%             | 2032-08-18      | Floating      | 7.73%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN                    | Jefferies Finance LLC / JFIN Co-Issuer Corp                                     | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $192553.90    | 0.14%             | 2028-08-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| COGNITA (LERNEN) 1L TLB3 CL USD             | COGNITA (LERNEN) 1L TLB3 CL USD                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    397754 | PA      | $398251.26    | 0.30%             | 2031-10-27      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer, Ltd.                          | BSPRT 2025-FL12 Issuer LLC                                                      | CUSIP: 05619BAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $99897.01     | 0.07%             | 2043-01-17      | Floating      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| BCRED BSL CLO 2021-1, LTD                   | BCRED CLO 2025-1 LLC                                                            | CUSIP: 05556FAC7<br>LEI: 2549001W2Y6F50VEZG93 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500377.40    | 0.37%             | 2037-04-20      | Floating      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| Navigator Aircraft ABS LLC                  | Navigator Aircraft ABS Ltd                                                      | CUSIP: 63943BAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    337011 | PA      | $323399.28    | 0.24%             | 2046-11-15      | Variable      | 3.57%                 | Yes           |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                        | FS Rialto 2025-FL10 Issuer LLC                                                  | CUSIP: 30340KAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $246262.38    | 0.18%             | 2042-08-19      | Floating      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd              | Golub Capital Partners CLO 83M                                                  | CUSIP: 38182EAE9<br>LEI: 254900VLZT72CPBHZ909 | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $100049.28    | 0.07%             | 2038-11-09      | Floating      | 5.54%                 | Yes           |                  2 | On Loan: No      |
| BNP PARIBAS                                 | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |  -1140000 | NC      | $-1688.25     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HUNT COS INC                                | Hunt Cos Inc                                                                    | CUSIP: 445587AE8<br>LEI: 549300ODPWDNCH5TKM49 | Long             | DBT              | CORP              | US        |    365000 | PA      | $356298.87    | 0.27%             | 2029-04-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| FIGRE Trust                                 | FIGRE Trust 2024-HE6                                                            | CUSIP: 31684DAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    119240 | PA      | $120357.72    | 0.09%             | 2054-12-25      | Variable      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                    | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                             | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $49270.68     | 0.04%             | 2026-10-15      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| Invitation Homes Trust                      | Invitation Homes 2024-SFR1 Trust                                                | CUSIP: 46188DAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $97387.62     | 0.07%             | 2041-09-17      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Arbys Funding LLC                           | Arbys Funding LLC                                                               | CUSIP: 038779AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     94750 | PA      | $92284.37     | 0.07%             | 2050-07-30      | Fixed         | 3.24%                 | Yes           |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                      | Switch ABS Issuer LLC                                                           | CUSIP: 871044AL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $196600.36    | 0.15%             | 2055-03-25      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                    | EMRLD Borrower LP / Emerald Co-Issuer Inc                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $122434.77    | 0.09%             | 2030-12-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| RWC Commercial Mortgage Securi              | RWC Commercial Mortgage 2025-1 Trust                                            | CUSIP: 78348LAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    143895 | PA      | $144125.62    | 0.11%             | 2040-06-25      | Fixed         | 5.01%                 | Yes           |                  2 | On Loan: No      |
| Servpro Master Issuer, LLC                  | SERVPRO Master Issuer LLC                                                       | CUSIP: 817743AJ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    393000 | PA      | $405657.43    | 0.30%             | 2054-01-25      | Fixed         | 6.17%                 | Yes           |                  2 | On Loan: No      |
| GMAC Commercial Mortgage Asset              | GMAC Commercial Mortgage Asset Corp                                             | CUSIP: 817935AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1436299 | PA      | $1549995.52   | 1.16%             | 2036-08-10      | Fixed         | 7.15%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | JPY CALL VERSUS USD PUT                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |     79000 | NC      | $207.05       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                    | OBX 2025-NQM2 Trust                                                             | CUSIP: 67120VAC9<br>LEI: 2549006BC0G3YEF5SL09 | Long             | ABS-MBS          | CORP              | US        |    193223 | PA      | $194678.91    | 0.15%             | 2064-11-25      | Variable      | 5.95%                 | Yes           |                  2 | On Loan: No      |
| PHILLIPS 66 CO                              | Phillips 66 Co                                                                  | CUSIP: 718547BA9<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74692.54     | 0.06%             | 2056-03-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| MEIJI YASUDA LIFE INSURA                    | Meiji Yasuda Life Insurance Co                                                  | CUSIP: 585270AE1<br>LEI: 549300SLU4LP6YMRLK07 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $207492.20    | 0.16%             | 2055-06-11      | Fixed         | 6.10%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust Series 2024-NQM1                                       | CUSIP: 465983AC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    106593 | PA      | $107539.42    | 0.08%             | 2064-02-25      | Variable      | 5.95%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC                               | Citigroup Inc                                                                   | CUSIP: 17327CBC6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    400000 | PA      | $415642.05    | 0.31%             | N/A             | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                 | Oracle Corp                                                                     | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    150000 | PA      | $132902.13    | 0.10%             | 2055-09-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER LLC                    | BOOST NEWCO BORROWER LLC                                                        | CUSIP: 92943EAG1<br>LEI: 254900S8RE1OL7TTCU64 | Long             | LON              | CORP              | US        |    148875 | PA      | $148968.79    | 0.11%             | 2031-01-31      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issu              | GreenSky Home Improvement Issuer Trust 2025-3                                   | CUSIP: 39571WAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $300577.05    | 0.22%             | 2060-12-27      | Fixed         | 4.86%                 | Yes           |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                            | UWM Holdings LLC                                                                | CUSIP: 903522AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $151886.85    | 0.11%             | 2030-02-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Cross Mortgage Trust                        | Cross 2025-H1 Mortgage Trust                                                    | CUSIP: 22758NAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250285 | PA      | $252645.97    | 0.19%             | 2070-02-25      | Variable      | 5.99%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL SERVICES LLC         | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DIR              | CORP              | US        |   -997500 | NC      | $-1666.32     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora              | Chase Home Lending Mortgage Trust 2025-5                                        | CUSIP: 161935AE1<br>LEI: 529900V91KVGSU3Z1A61 | Long             | ABS-MBS          | CORP              | US        |    116627 | PA      | $117387.08    | 0.09%             | 2056-04-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| WHITEWATERMATTERHORNHO                      | WHITEWATERMATTERHORNHO                                                          | CUSIP: 000000000<br>LEI: 2138009J7G187M6C4Q91 | Long             | LON              | CORP              | US        |    200000 | PA      | $200592.00    | 0.15%             | 2032-06-16      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                 | Oracle Corp                                                                     | CUSIP: 68389XDP7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     50000 | PA      | $45156.19     | 0.03%             | 2045-09-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                         | UNITED AIRLINES INC                                                             | CUSIP: 90932RAP9<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | LON              | CORP              | US        |     49372 | PA      | $49526.40     | 0.04%             | 2031-02-24      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| DOGWOOD TERM LOAN                           | DOGWOOD TERM LOAN                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    385048 | PA      | $387695.97    | 0.29%             | 2032-06-24      | Fixed         | 6.45%                 | No            |                  3 | On Loan: No      |
| Morgan Stanley Residential Mor              | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM9                        | CUSIP: 61779VAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1470829 | PA      | $1473118.57   | 1.10%             | 2070-09-25      | Variable      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg              | Saluda Grade Alternative Mortgage Trust 2025-LOC4                               | CUSIP: 79589VAN4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    665735 | PA      | $666794.70    | 0.50%             | 2055-06-25      | Floating      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| Fortress Credit Opportunities               | Fortress Credit Opportunities XXV CLO LLC                                       | CUSIP: 34966QAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250377.50    | 0.19%             | 2037-01-15      | Floating      | 5.49%                 | Yes           |                  2 | On Loan: No      |
| NASSAU COMPANIES OF NY                      | Nassau Cos of New York/The                                                      | CUSIP: 63155AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    370000 | PA      | $353167.52    | 0.26%             | 2030-07-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| ASCEND LEARNING LLC                         | ASCEND LEARNING LLC                                                             | CUSIP: 04349HAN4<br>LEI: 549300T466HKRLVCD610 | Long             | LON              | CORP              | US        |    339146 | PA      | $339932.55    | 0.25%             | 2028-12-11      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | JPY CALL VERSUS USD PUT                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |    142000 | NC      | $116.79       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                   | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DIR              | CORP              | CA        |  -1140000 | NC      | $-1688.25     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                            | UWM Holdings LLC                                                                | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $698884.05    | 0.52%             | 2031-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| SPEEDSTER BIDCO GMBH                        | SPEEDSTER BIDCO GMBH                                                            | CUSIP: 000000000<br>LEI: 254900LE837QB2YYV824 | Long             | LON              | CORP              | DE        |     49626 | PA      | $49638.34     | 0.04%             | 2031-12-10      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                     | Capital Automotive REIT                                                         | CUSIP: 12510HBA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     98438 | PA      | $94192.07     | 0.07%             | 2054-10-15      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| CEAMER FINANCE IV LLC                       | CEAMER FINANCE IV LLC                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $600000.00    | 0.45%             | 2040-12-15      | Floating      | 6.17%                 | No            |                  3 | On Loan: No      |
| Greensky Home Improvement Issu              | GreenSky Home Improvement Issuer Trust 2024-2                                   | CUSIP: 39571XAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     96644 | PA      | $97893.14     | 0.07%             | 2059-10-27      | Fixed         | 5.26%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN NATIONAL GF                        | American National Global Funding                                                | CUSIP: 02771D2B9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $60965.60     | 0.05%             | 2030-06-03      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| HLEND CLO LLC                               | Hlend CLO 2025-3 LLC                                                            | CUSIP: 403961AC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $250144.08    | 0.19%             | 2037-01-20      | Floating      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| GCAT                                        | GCAT 2025-NQM3 Trust                                                            | CUSIP: 36171MAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    225364 | PA      | $227719.90    | 0.17%             | 2070-05-25      | Variable      | 5.96%                 | Yes           |                  2 | On Loan: No      |
| DEALER TIRE FINANCIAL LL                    | DEALER TIRE FINANCIAL LL                                                        | CUSIP: 24228HAR9<br>LEI: 894500QBE5Z2XQWCJ779 | Long             | LON              | CORP              | US        |    398992 | PA      | $398493.70    | 0.30%             | 2031-07-02      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers Li              | Textainer Marine Containers VII Ltd                                             | CUSIP: 88315LAS7<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | BM        |    264000 | PA      | $236693.66    | 0.18%             | 2046-08-20      | Fixed         | 1.94%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL SERVICES LLC         | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DIR              | CORP              | US        |   -712500 | NC      | $-87.22       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Dreyfus Treasury Securities Cash Management | Dreyfus Treasury Securities Cash Management                                     | CUSIP: 261941108<br>LEI: 549300U78VESCW509025 | Long             | STIV             | RF                | US        |   1798332 | NS      | $1798331.62   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BELRON FINANCE 2019 LLC                     | BELRON FINANCE 2019 LLC                                                         | CUSIP: 08078UAN3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     59252 | PA      | $59548.51     | 0.04%             | 2031-10-16      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                    | Foundation Finance Trust 2025-1                                                 | CUSIP: 35040WAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     97482 | PA      | $98737.60     | 0.07%             | 2050-04-15      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| CLI Funding LLC                             | CLI Funding IX LLC                                                              | CUSIP: 12571WAG8<br>LEI: 2549008S2Z91ASJFZL83 | Long             | ABS-O            | CORP              | US        |    189917 | PA      | $192550.55    | 0.14%             | 2050-06-20      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| BCRED MML CLO 2021-1 LLC                    | BCRED MML CLO 2022-1 LLC                                                        | CUSIP: 072917AA5<br>LEI: 2549008X01GXURMQIW78 | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $100139.43    | 0.07%             | 2035-04-20      | Floating      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                      | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KDE7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    144000 | PA      | $148643.57    | 0.11%             | 2055-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TELUS CORP                                  | TELUS Corp                                                                      | CUSIP: 87971MCM3<br>LEI: 894500WE70KKZRQMBU11 | Long             | DBT              | CORP              | CA        |    330000 | PA      | $343523.40    | 0.26%             | 2055-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FEDEX CORP                                  | FedEx Corp                                                                      | CUSIP: 31428XDQ6<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |     75000 | PA      | $59166.91     | 0.04%             | 2045-02-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| INSURED LENDING 1 LTD                       | Insured Lending 1 Ltd                                                           | CUSIP: 000000000<br>LEI: 875500RRX7H6NZ8RYE90 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $293775.00    | 0.22%             | 2032-02-04      | Fixed         | 6.50%                 | Yes           |                  3 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae REMICS                                                               | CUSIP: 3136BWB21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    381523 | PA      | $383181.77    | 0.29%             | 2051-10-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                           | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              | CORP              | GB        |   -712500 | NC      | $-1011.68     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                 | Southern Co/The                                                                 | CUSIP: 842587DJ3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |     29000 | PA      | $28589.38     | 0.02%             | 2051-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage T              | STWD 2021-FL2 Ltd                                                               | CUSIP: 78486BAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $399977.60    | 0.30%             | 2038-04-18      | Floating      | 5.30%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP                     | American National Group Inc                                                     | CUSIP: 025676AR8<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125134.50    | 0.09%             | 2055-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TRIPADVISOR INC                             | TRIPADVISOR INC                                                                 | CUSIP: 89677NAE4<br>LEI: 549300XVG45PT5BART17 | Long             | LON              | CORP              | US        |      9925 | PA      | $9540.05      | 0.01%             | 2031-07-08      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                     | MPLX LP                                                                         | CUSIP: 55336VBW9<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46367.31     | 0.03%             | 2053-03-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                           | State Street Corp                                                               | CUSIP: 857477CS0<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51801.45     | 0.04%             | N/A             | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac REMICS                                                              | CUSIP: 3137HJWE3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    319218 | PA      | $323664.15    | 0.24%             | 2053-07-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TERRAFORM GLOBAL OPERATI                    | Terraform Global Operating LP                                                   | CUSIP: 88104UAC7<br>LEI: 549300LC7QMVR79H5O86 | Long             | DBT              | CORP              | US        |     58000 | PA      | $57587.02     | 0.04%             | 2026-03-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| SAZERAC CO INC                              | SAZERAC CO INC                                                                  | CUSIP: 80583EAN6<br>LEI: 9QU0CG1O4LSOB6IFK895 | Long             | LON              | CORP              | US        |    203081 | PA      | $203277.51    | 0.15%             | 2032-07-09      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                    | Mill City Mortgage Loan Trust 2021-NMR1                                         | CUSIP: 59982HAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    120000 | PA      | $101353.63    | 0.08%             | 2060-11-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | THREE-MONTH SOFR                                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |      -118 | NC      | $-11800.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Preston Ridge Partners Mortgag              | PRPM 2025-2 LLC                                                                 | CUSIP: 69382HAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    180406 | PA      | $180743.07    | 0.14%             | 2030-05-25      | Variable      | 6.47%                 | Yes           |                  2 | On Loan: No      |
| AITX FINCO LLC                              | AITX FINCO LLC                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $199817.01    | 0.15%             | 2030-10-23      | Fixed         | 5.38%                 | No            |                  3 | On Loan: No      |
| Ares Direct Lending CLO LLC                 | Ares Direct Lending CLO 3 LLC                                                   | CUSIP: 039945AC4<br>LEI: 254900TU6Z546P794928 | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $250241.04    | 0.19%             | 2037-01-20      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL ATLANTIC FIN CO                      | Global Atlantic Fin Co                                                          | CUSIP: 37959GAH0<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    400000 | PA      | $401874.92    | 0.30%             | 2056-03-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| STEELE IV ISSUER 2025A-1                    | STEELE IV ISSUER 2025A-1                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $0.03         | 0.00%             | 2046-12-01      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Owl Rock CLO I, Ltd                         | OWL Rock Clo XXII LLC                                                           | CUSIP: 69121AAA4<br>LEI: 254900R8KCHZBP66MP06 | Long             | ABS-CBDO         | CORP              | US        |    300000 | PA      | $300256.74    | 0.22%             | 2037-10-20      | Floating      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| BELL CANADA                                 | Bell Telephone Co of Canada or Bell Canada                                      | CUSIP: 0778FPAP4<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $103173.30    | 0.08%             | 2055-09-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Provident Funding Mortgage Tru              | Provident Funding Mortgage Trust 2025-4                                         | CUSIP: 74387AAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    143355 | PA      | $144106.17    | 0.11%             | 2055-09-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2025-1                                                 | CUSIP: 46658UAE1<br>LEI: 529900DB310G9HU4BP72 | Long             | ABS-MBS          | CORP              | US        |    145375 | PA      | $147450.10    | 0.11%             | 2055-06-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Owl Rock CLO I, Ltd                         | OWL Rock Clo XXI LLC                                                            | CUSIP: 69120UAB9<br>LEI: 2549000CE1W4KBWC2X49 | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $250260.48    | 0.19%             | 2034-07-24      | Floating      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                   | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DIR              | CORP              | CA        |   2528000 | NC      | $22242.14     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                     | American Electric Power Co Inc                                                  | CUSIP: 02557TAE9<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    110000 | PA      | $109203.65    | 0.08%             | 2056-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| TERMINAL INVESTMENT LIMITED HOLDIN          | TERMINAL INVESTMENT LIMITED HOLDIN                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    200000 | PA      | $202633.48    | 0.15%             | 2032-07-09      | Fixed         | 5.63%                 | No            |                  3 | On Loan: No      |
| NMLT Trust                                  | NLT 2025-NQM1 Trust                                                             | CUSIP: 629154AJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1271392 | PA      | $1340407.34   | 1.00%             | 2070-10-25      | Variable      | 7.47%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan               | New Residential Mortgage Loan Trust 2025-NQM3                                   | CUSIP: 64832CAD5<br>LEI: 2138002D8CMDYG7QOU84 | Long             | ABS-MBS          | CORP              | US        |    427432 | PA      | $430395.46    | 0.32%             | 2065-05-25      | Variable      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| BDS Ltd                                     | BDS 2025-FL16 LLC                                                               | CUSIP: 05556XAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    150000 | PA      | $149999.10    | 0.11%             | 2043-07-19      | Floating      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| GCAT                                        | GCAT 2025-NQM4 Trust                                                            | CUSIP: 367923AD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    231986 | PA      | $234427.22    | 0.18%             | 2070-06-25      | Variable      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| BR SECONDARIES & LQDITY SOLUTIONS           | BR SECONDARIES & LQDITY SOLUTIONS                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    442917 | PA      | $442869.37    | 0.33%             | 2030-06-15      | Floating      | 6.27%                 | No            |                  3 | On Loan: No      |
| Hotwire Funding LLC                         | Hotwire Funding LLC                                                             | CUSIP: 44148JAK5<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $153365.54    | 0.11%             | 2054-06-20      | Fixed         | 6.67%                 | Yes           |                  2 | On Loan: No      |
| Wellfleet CLO Ltd                           | Wellfleet CLO 2022-2 Ltd                                                        | CUSIP: 94949FAN3<br>LEI: 2549008BRKHJZB917M86 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250738.88    | 0.19%             | 2037-10-18      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| BLUE OWL IV (FKA DYAL IV) SR SEC A          | BLUE OWL IV (FKA DYAL IV) SR SEC A                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    156000 | PA      | $157741.97    | 0.12%             | 2045-08-22      | Fixed         | 5.94%                 | No            |                  3 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | USD CALL VERSUS EUR PUT                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |    991000 | NC      | $7.07         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HLEND CLO LLC                               | HLEND CLO 2025-4 LLC                                                            | CUSIP: 43367AAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    300000 | PA      | $300305.25    | 0.22%             | 2037-08-15      | Floating      | 6.07%                 | Yes           |                  2 | On Loan: No      |
| Provident Funding Mortgage Tru              | Provident Funding Mortgage Trust 2025-1                                         | CUSIP: 74388NAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     78315 | PA      | $78696.05     | 0.06%             | 2055-02-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Cross Mortgage Trust                        | Cross 2024-H7 Mortgage Trust                                                    | CUSIP: 22757CAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     78752 | PA      | $79394.78     | 0.06%             | 2069-11-25      | Variable      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| EQUITABLE HOLDINGS INC                      | Equitable Holdings Inc                                                          | CUSIP: 29452EAD3<br>LEI: 549300FIBAKMNHPZ4009 | Long             | DBT              | CORP              | US        |     77000 | PA      | $80292.06     | 0.06%             | 2055-03-28      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                 | Oracle Corp                                                                     | CUSIP: 68389XDT9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     50000 | PA      | $44099.62     | 0.03%             | 2065-09-26      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| CEAMER FINANCE III LLC                      | CEAMER FINANCE III LLC                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     89666 | PA      | $92444.12     | 0.07%             | 2039-11-15      | Fixed         | 6.79%                 | No            |                  3 | On Loan: No      |
| SYMETRA LIFE INSURANCE                      | Symetra Life Insurance Co                                                       | CUSIP: 87151KAA7<br>LEI: 2CKADF5K7JYB5EG0VY36 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51691.19     | 0.04%             | 2055-10-01      | Fixed         | 6.55%                 | Yes           |                  2 | On Loan: No      |
| EQT AB                                      | EQT AB                                                                          | CUSIP: 29439EAA7<br>LEI: 213800U7P9GOIRKCTB34 | Long             | DBT              | CORP              | SE        |    200000 | PA      | $205026.11    | 0.15%             | 2035-05-08      | Fixed         | 5.85%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                     | American Electric Power Co Inc                                                  | CUSIP: 02557TAF6<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    110000 | PA      | $108078.29    | 0.08%             | 2056-03-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| COX COMMUNICATIONS INC                      | Cox Communications Inc                                                          | CUSIP: 224044CM7<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |     85000 | PA      | $47295.45     | 0.04%             | 2050-10-01      | Fixed         | 2.95%                 | Yes           |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                           | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              | CORP              | GB        |  -2527000 | NC      | $-7745.73     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| STORE Master Funding LLC                    | STORE Master Funding LLC                                                        | CUSIP: 86212FAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    349562 | PA      | $348961.57    | 0.26%             | 2055-10-20      | Fixed         | 5.17%                 | Yes           |                  2 | On Loan: No      |
| Ares Direct Lending CLO LLC                 | Ares Direct Lending CLO 8 LLC                                                   | CUSIP: 039933AE6<br>LEI: 2549008VI9L2AN96MC59 | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $299971.32    | 0.22%             | 2039-01-20      | Floating      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus              | Bravo Residential Funding Trust Series 2025-NQM1                                | CUSIP: 10569MAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    121040 | PA      | $121882.96    | 0.09%             | 2064-12-25      | Variable      | 5.91%                 | Yes           |                  2 | On Loan: No      |
| LINDBLAD EXPEDITIONS LLC                    | Lindblad Expeditions LLC                                                        | CUSIP: 53523LAB6<br>LEI: 549300MPUWOG67Y2R254 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104318.00    | 0.08%             | 2030-09-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| BRIGHTSTAR LOT/BRIGHSTAR                    | Brightstar Lottery PLC/ Brightstar Global Solutions Corp                        | CUSIP: 108922AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    200000 | PA      | $198566.98    | 0.15%             | 2033-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Ltd                    | Madison Park Funding XLVIII Ltd                                                 | CUSIP: 55821UAQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1499839.95   | 1.12%             | 2039-01-19      | Floating      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan               | New Residential Mortgage Loan Trust 2025-NQM3                                   | CUSIP: 64832CAC7<br>LEI: 2138002D8CMDYG7QOU84 | Long             | ABS-MBS          | CORP              | US        |     85486 | PA      | $86418.53     | 0.06%             | 2065-05-25      | Variable      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| LoanCore 2018-CRE1 Issuer, Ltd              | LoanCore 2025-CRE9 Issuer LLC                                                   | CUSIP: 538912AC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    200000 | PA      | $199742.70    | 0.15%             | 2042-08-18      | Floating      | 5.43%                 | Yes           |                  2 | On Loan: No      |
| PAR PETROLEUM LLC                           | PAR PETROLEUM LLC                                                               | CUSIP: 69889PAE5<br>LEI: 984500CCF05C2FB39F45 | Long             | LON              | CORP              | US        |     59543 | PA      | $59803.86     | 0.04%             | 2030-02-28      | Floating      | 7.24%                 | No            |                  3 | On Loan: No      |
| TELUS CORP                                  | TELUS Corp                                                                      | CUSIP: 87971MCQ4<br>LEI: 894500WE70KKZRQMBU11 | Long             | DBT              | CORP              | CA        |     85000 | PA      | $85141.02     | 0.06%             | 2056-06-09      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | USD CALL VERSUS EUR PUT                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |   1265000 | NC      | $14.59        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Planet Fitness Master Issuer L              | Planet Fitness Master Issuer LLC                                                | CUSIP: 72703PAG8<br>LEI: 549300NX9W3U2DO53T22 | Long             | ABS-O            | CORP              | US        |    197500 | PA      | $204534.97    | 0.15%             | 2054-06-05      | Fixed         | 6.24%                 | Yes           |                  2 | On Loan: No      |
| HOPE GAS HOLDINGS LLC                       | HOPE GAS HOLDINGS LLC                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $101234.33    | 0.08%             | 2037-09-01      | Fixed         | 6.18%                 | No            |                  3 | On Loan: No      |
| BDS Ltd                                     | BDS 2024-FL13 LLC                                                               | CUSIP: 05555MAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $99739.20     | 0.07%             | 2039-09-19      | Floating      | 5.72%                 | Yes           |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus              | BRAVO Residential Funding Trust 2025-NQM4                                       | CUSIP: 10570QAE1<br>LEI: 25490082TY9NA9XBGW19 | Long             | ABS-MBS          | CORP              | US        |    207847 | PA      | $210052.07    | 0.16%             | 2065-02-25      | Variable      | 5.61%                 | Yes           |                  2 | On Loan: No      |
| LHOME Mortgage Trust                        | LHOME Mortgage Trust 2024-RTL5                                                  | CUSIP: 50205WAA5<br>LEI: 529900ZQNJ23BIJVY871 | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $100187.91    | 0.07%             | 2039-09-25      | Variable      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| NEW FLYER HOLDINGS                          | New Flyer Holdings Inc                                                          | CUSIP: 64438WAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $80611.65     | 0.06%             | 2030-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| AMFAM HOLDINGS INC                          | AmFam Holdings Inc                                                              | CUSIP: 03115AAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1355000 | PA      | $909978.46    | 0.68%             | 2051-03-11      | Fixed         | 3.83%                 | Yes           |                  2 | On Loan: No      |
| PRIME PROPERTY FUND                         | PRIME PROPERTY FUND                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $301481.89    | 0.23%             | 2035-07-15      | Fixed         | 5.81%                 | No            |                  3 | On Loan: No      |
| LEIA FINCO US LLC                           | LEIA FINCO US LLC                                                               | CUSIP: 52526CAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    300000 | PA      | $300912.00    | 0.22%             | 2031-10-09      | Floating      | 7.19%                 | No            |                  2 | On Loan: No      |
| Servpro Master Issuer, LLC                  | SERVPRO Master Issuer LLC                                                       | CUSIP: 817743AL1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    650000 | PA      | $646891.18    | 0.48%             | 2055-10-25      | Fixed         | 5.53%                 | Yes           |                  2 | On Loan: No      |
| BNP PARIBAS                                 | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -712500 | NC      | $-193.64      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan               | New Residential Mortgage Loan Trust 2024-NQM2                                   | CUSIP: 64832BAE5<br>LEI: 213800Z6O4V4V96AU133 | Long             | ABS-MBS          | CORP              | US        |     69454 | PA      | $69755.65     | 0.05%             | 2064-09-25      | Variable      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| ROCKET COS INC                              | Rocket Cos Inc                                                                  | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $344064.27    | 0.26%             | 2033-08-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Maps LTD                                    | MAPS 2021-1 Trust                                                               | CUSIP: 55292RAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1066412 | PA      | $1021747.22   | 0.76%             | 2046-06-15      | Fixed         | 2.52%                 | Yes           |                  2 | On Loan: No      |
| Home Owner Mortgage Enhanced S              | HOMES 2024-AFC2 Trust                                                           | CUSIP: 437920AE1<br>LEI: 254900GDF2MBHUV58Z95 | Long             | ABS-MBS          | CORP              | US        |     77378 | PA      | $77921.83     | 0.06%             | 2059-10-25      | Variable      | 5.98%                 | Yes           |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                        | OneMain Finance Corp                                                            | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    530000 | PA      | $557639.21    | 0.42%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                    | Foundation Finance Trust 2024-2                                                 | CUSIP: 35040VAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     84702 | PA      | $84972.14     | 0.06%             | 2050-03-15      | Fixed         | 4.93%                 | Yes           |                  2 | On Loan: No      |
| Tricon Residential                          | Tricon Residential 2025-SFR1 Trust                                              | CUSIP: 895974AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100070.81    | 0.07%             | 2042-03-17      | Floating      | 5.10%                 | Yes           |                  2 | On Loan: No      |
| Carrington Mortgage Loan Trust              | Carrington Mortgage Loan Trust Series 2005-NC3                                  | CUSIP: 144531DC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $381113.64    | 0.28%             | 2035-06-25      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY                              | Ryan Specialty LLC                                                              | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |     13000 | PA      | $13282.98     | 0.01%             | 2032-08-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Ellington Financial Mortgage T              | EFMT 2025-CES1                                                                  | CUSIP: 26846VAA2<br>LEI: 254900CMJGXNT3R7H775 | Long             | ABS-MBS          | CORP              | US        |    130664 | PA      | $132116.36    | 0.10%             | 2060-01-25      | Variable      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                           | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              | CORP              | GB        |   -712500 | NC      | $-1129.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TELUS CORP                                  | TELUS Corp                                                                      | CUSIP: 87971MCR2<br>LEI: 894500WE70KKZRQMBU11 | Long             | DBT              | CORP              | CA        |     85000 | PA      | $84916.90     | 0.06%             | 2056-06-09      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae REMICS                                                               | CUSIP: 3136BX3N2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3666126 | PA      | $3657892.21   | 2.73%             | 2055-03-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BELL CANADA                                 | Bell Telephone Co of Canada or Bell Canada                                      | CUSIP: 0778FPAQ2<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |    330000 | PA      | $346775.55    | 0.26%             | 2055-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance                     | TRTX 2025-FL6 Issuer Ltd                                                        | CUSIP: 897764AA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $100234.21    | 0.07%             | 2042-09-18      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| FIGRE Trust                                 | FIGRE Trust 2025-HE1                                                            | CUSIP: 30191LAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    241499 | PA      | $244937.48    | 0.18%             | 2055-01-25      | Variable      | 5.93%                 | Yes           |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                    | Clarios Global LP / Clarios US Finance Co                                       | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     40000 | PA      | $41752.40     | 0.03%             | 2030-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor              | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM3                        | CUSIP: 61778LAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    172278 | PA      | $173727.16    | 0.13%             | 2070-05-25      | Variable      | 5.76%                 | Yes           |                  2 | On Loan: No      |
| AMWINS GROUP INC                            | AMWINS GROUP INC                                                                | CUSIP: 03234TBA5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |    148500 | PA      | $148871.25    | 0.11%             | 2032-01-30      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| WINGSTOP FUNDING LLC                        | Wingstop Funding LLC                                                            | CUSIP: 974153AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $462370.10    | 0.35%             | 2054-12-05      | Fixed         | 5.86%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2025-8                                                   | CUSIP: 81743GAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    191136 | PA      | $191721.24    | 0.14%             | 2055-06-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                           | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              | CORP              | GB        |   -712500 | NC      | $-188.22      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | THREE-MONTH SOFR                                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       -84 | NC      | $-15225.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| LOTTOMATICA GROUP SPA                       | Lottomatica Group Spa                                                           | CUSIP: 000000000<br>LEI: 549300R72LKEGT4EX026 | Long             | DBT              | CORP              | IT        |    100000 | PA      | $121016.99    | 0.09%             | 2031-01-31      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| ITT HOLDINGS LLC                            | ITT Holdings LLC                                                                | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |    365000 | PA      | $350272.80    | 0.26%             | 2029-08-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| UPX HIL 2025-1 Issuer Trust                 | UPX HIL 2025-1 Issuer Trust                                                     | CUSIP: 916925AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    217014 | PA      | $218690.40    | 0.16%             | 2047-01-25      | Fixed         | 5.16%                 | Yes           |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                    | Eagle Funding Luxco Sarl                                                        | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |    250000 | PA      | $254647.50    | 0.19%             | 2030-08-17      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| PMT Loan Trust                              | PMT Loan Trust 2025-INV8                                                        | CUSIP: 73015EAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    367957 | PA      | $374845.15    | 0.28%             | 2056-07-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| LHOME Mortgage Trust                        | LHOME Mortgage Trust 2025-RTL3                                                  | CUSIP: 50205YAA1<br>LEI: 529900XB146PHFHY2T23 | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $250723.93    | 0.19%             | 2040-08-25      | Variable      | 5.24%                 | Yes           |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                        | OneMain Finance Corp                                                            | CUSIP: 682691AH3<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51787.20     | 0.04%             | 2029-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                     | Capital Automotive REIT                                                         | CUSIP: 12510HAV2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    563750 | PA      | $563456.12    | 0.42%             | 2054-05-15      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| FIGRE Trust                                 | FIGRE Trust 2025-HE8                                                            | CUSIP: 30191WAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $699871.90    | 0.52%             | 2055-11-25      | Variable      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| Castlelake Aircraft Securitiza              | Castlelake Aircraft Structured Trust 2025-1                                     | CUSIP: 14856VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    233660 | PA      | $237422.98    | 0.18%             | 2050-02-15      | Fixed         | 5.78%                 | Yes           |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                   | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DIR              | CORP              | CA        |  -1140000 | NC      | $-1671.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UFC HOLDINGS LLC                            | UFC HOLDINGS LLC                                                                | CUSIP: 90266UAL7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    199500 | PA      | $200301.99    | 0.15%             | 2031-11-21      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                      | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339K837<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | EP               | CORP              | US        |       225 | NS      | $5697.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BRAVO Residential Funding Trus              | Bravo Residential Funding Trust 2025-Ces1                                       | CUSIP: 10569PAA4<br>LEI: 254900AZU85EXAPTTF77 | Long             | ABS-MBS          | CORP              | US        |    132366 | PA      | $133626.89    | 0.10%             | 2055-02-25      | Variable      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| Verus Securitization Trust                  | Verus Securitization Trust 2025-9                                               | CUSIP: 92490EAH6<br>LEI: 2138002AFCEWDDRL8N22 | Long             | ABS-MBS          | CORP              | US        |    733575 | PA      | $735517.36    | 0.55%             | 2070-10-27      | Variable      | 5.19%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                       | CAESARS ENTERTAIN INC                                                           | CUSIP: 12768EAG1<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |     97605 | PA      | $96726.35     | 0.07%             | 2030-02-06      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| HARMONI TOWERS LLC                          | HARMONI TOWERS LLC                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $200278.77    | 0.15%             | 2030-10-30      | Fixed         | 5.22%                 | No            |                  3 | On Loan: No      |
| NIPPON LIFE INSURANCE                       | Nippon Life Insurance Co                                                        | CUSIP: 654579AP6<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $215357.80    | 0.16%             | 2055-04-30      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ALUMINA PTY LTD                             | Alumina Pty Ltd                                                                 | CUSIP: 02220AAB3<br>LEI: 2138002VD9MW2WT8HR38 | Long             | DBT              | CORP              | AU        |    200000 | PA      | $207685.00    | 0.16%             | 2032-09-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| SIX FLAGS ENT/SIX FLAG                      | Six Flags Entertainment Corp /Six Flags Theme Parks Inc/ Canada's Wonderland Co | CUSIP: 83002YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $176472.44    | 0.13%             | 2032-05-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| CPI CG INC                                  | CPI CG Inc                                                                      | CUSIP: 12598FAC3<br>LEI: 254900H3R50WH1B1LB48 | Long             | DBT              | CORP              | US        |    150000 | PA      | $158927.53    | 0.12%             | 2029-07-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL SERVICES LLC         | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DIR              | CORP              | US        |  -2528000 | NC      | $-7748.80     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Aviation Securitization              | AASET 2025-1                                                                    | CUSIP: 00258PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    234448 | PA      | $238930.50    | 0.18%             | 2050-02-16      | Fixed         | 5.94%                 | Yes           |                  2 | On Loan: No      |
| AGL CLO 1 Ltd.                              | AGL CLO 39 Ltd                                                                  | CUSIP: 00121XAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500953.10    | 0.37%             | 2038-04-20      | Floating      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| QTS ISSUER ABS I LLC                        | QTS Issuer ABS I LLC                                                            | CUSIP: 74690DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $352379.72    | 0.26%             | 2055-05-25      | Fixed         | 5.44%                 | Yes           |                  2 | On Loan: No      |
| FIDELIS INSUR HLD LTD                       | Fidelis Insurance Holdings Ltd                                                  | CUSIP: 31575FAC0<br>LEI: 549300CDMGCAGJQ7DX03 | Long             | DBT              | CORP              | BM        |    200000 | PA      | $215490.80    | 0.16%             | 2055-06-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| PERIMETER HOL                               | Perimeter Holdings LLC                                                          | CUSIP: 71384AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $337765.81    | 0.25%             | 2034-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| STORE Master Funding LLC                    | Store Master Funding I-VII XIV XIX XX XXIV XXII                                 | CUSIP: 86212XAM2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     99167 | PA      | $101578.70    | 0.08%             | 2054-05-20      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS                    | Focus Financial Partners LLC                                                    | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128514.83    | 0.10%             | 2031-09-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| AITX FINCO LLC                              | AITX FINCO LLC                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $199436.67    | 0.15%             | 2032-10-23      | Fixed         | 5.67%                 | No            |                  3 | On Loan: No      |
| AMSTED INDUSTRIES                           | Amsted Industries Inc                                                           | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46349.37     | 0.03%             | 2033-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Long Beach Mortgage Loan Trust              | Long Beach Mortgage Loan Trust 2006-9                                           | CUSIP: 54251WAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1148009 | PA      | $353759.99    | 0.26%             | 2036-10-25      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.             | CDS CDX.NA.IG.45.V1                                                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-80225.29    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| ATKORE INC                                  | Atkore Inc                                                                      | CUSIP: 047649AA6<br>LEI: 52990002TI38AM4RPV48 | Long             | DBT              | CORP              | US        |    125000 | PA      | $119951.55    | 0.09%             | 2031-06-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                    | Neuberger Berman Loan Advisers Clo 58 Ltd                                       | CUSIP: 640970AC3<br>LEI: 254900FFU2A0PJWUZ830 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250753.35    | 0.19%             | 2038-10-18      | Floating      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| ONEOK INC                                   | ONEOK Inc                                                                       | CUSIP: 682680BF9<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     50000 | PA      | $54899.13     | 0.04%             | 2051-01-15      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| TEAM.BLUE FINCO SARL                        | TEAM.BLUE FINCO SARL                                                            | CUSIP: 000000000<br>LEI: 549300DR8PIYMOZ4YU85 | Long             | LON              | CORP              | LU        |    448875 | PA      | $451119.38    | 0.34%             | 2032-07-12      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Apollo Aviation Securitization              | AASET MT-1 Ltd                                                                  | CUSIP: 00039NAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    696858 | PA      | $697742.28    | 0.52%             | 2050-02-16      | Fixed         | 5.24%                 | Yes           |                  2 | On Loan: No      |
| HV STRUCTURED SOLUTIONS IV                  | HV STRUCTURED SOLUTIONS IV                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    189149 | PA      | $187836.29    | 0.14%             | 2030-09-15      | Floating      | 6.22%                 | No            |                  3 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                    | Encore Capital Group Inc                                                        | CUSIP: 292554AS1<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    450000 | PA      | $452246.90    | 0.34%             | 2031-04-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| HERC HOLDINGS INC                           | HERC HOLDINGS INC                                                               | CUSIP: 000000000<br>LEI: 549300TP80QLITMSBP82 | Long             | LON              | CORP              | US        |    200000 | PA      | $200708.00    | 0.15%             | 2032-06-02      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| PEER USA LLC                                | PEER USA LLC                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    450000 | PA      | $450373.50    | 0.34%             | 2032-09-29      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER RECREATIONAL                     | BNP PARIBAS SECURITIES CORPORATION (APTIV PLC) 26.51 01/12/2026 (APTV US)       | CUSIP: 09776MAT1<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |    349125 | PA      | $350102.55    | 0.26%             | 2031-01-22      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International plc      | USD/EUR FORWARD                                                                 | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-156.77      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ITT HOLDINGS LLC                            | ITT HOLDINGS LLC                                                                | CUSIP: 45070BAK1<br>LEI: 549300TH2PHOLK31LB42 | Long             | LON              | CORP              | US        |     49375 | PA      | $49621.88     | 0.04%             | 2030-10-11      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| LoanCore 2018-CRE1 Issuer, Ltd              | LoanCore 2025-CRE9 Issuer LLC                                                   | CUSIP: 538912AE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $99872.03     | 0.07%             | 2042-08-18      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| Cross Mortgage Trust                        | Cross 2025-H2 Mortgage Trust                                                    | CUSIP: 22758PAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    208276 | PA      | $209533.17    | 0.16%             | 2070-03-25      | Variable      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| Verus Securitization Trust                  | Verus Securitization Trust 2023-3                                               | CUSIP: 92539GAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    103173 | PA      | $103199.38    | 0.08%             | 2068-03-25      | Variable      | 6.74%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Pool                                                                | CUSIP: 3142J6B36<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    209185 | PA      | $214906.17    | 0.16%             | 2055-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                         | Sound Point CLO 2025R-1 Ltd                                                     | CUSIP: 83617EAJ9<br>LEI: 25490031SR8APTVC6E71 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $251198.68    | 0.19%             | 2038-02-20      | Floating      | 5.99%                 | Yes           |                  2 | On Loan: No      |
| AGGREKO HOLDINGS INC                        | AGGREKO HOLDINGS INC                                                            | CUSIP: 01330EAD0<br>LEI: 213800VFJ5CIN2NUQ821 | Long             | LON              | CORP              | US        |     99500 | PA      | $99997.50     | 0.07%             | 2031-05-21      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| Blue Stream Issuer, LLC                     | Blue Stream Issuer LLC                                                          | CUSIP: 09606BAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $202552.72    | 0.15%             | 2054-11-20      | Fixed         | 5.41%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Ltd                    | Madison Park Funding XLVIII Ltd                                                 | CUSIP: 55821UAS3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500969.60    | 0.37%             | 2039-01-19      | Floating      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| Deephaven Residential Mortgage              | Deephaven Residential Mortgage Trust 2025-CES1                                  | CUSIP: 24380WAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $701280.93    | 0.52%             | 2055-10-25      | Variable      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                           | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              | CORP              | GB        |   2527000 | NC      | $22233.34     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| VFH PARENT / VALOR CO                       | VFH Parent LLC / Valor Co-Issuer Inc                                            | CUSIP: 91824YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    670000 | PA      | $701812.94    | 0.52%             | 2031-06-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                    | OBX 2024-NQM15 Trust                                                            | CUSIP: 67449DAC3<br>LEI: 254900YXEB756F6RCA13 | Long             | ABS-MBS          | CORP              | US        |     72563 | PA      | $72872.40     | 0.05%             | 2064-10-25      | Variable      | 5.72%                 | Yes           |                  2 | On Loan: No      |
| Tricon Residential                          | Tricon Residential 2024-SFR4 Trust                                              | CUSIP: 895975AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99227.56     | 0.07%             | 2041-11-17      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| ADT SEC CORP                                | ADT Security Corp/The                                                           | CUSIP: 74166NAA2<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |    400000 | PA      | $387430.77    | 0.29%             | 2032-07-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Hotwire Funding LLC                         | Hotwire Funding LLC                                                             | CUSIP: 44148JAH2<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |    550000 | PA      | $559367.27    | 0.42%             | 2054-06-20      | Fixed         | 5.89%                 | Yes           |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP                           | CLARIOS GLOBAL LP                                                               | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |    149625 | PA      | $150186.09    | 0.11%             | 2032-01-28      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                    | Graphic Packaging International LLC                                             | CUSIP: 38869AAE7<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    310000 | PA      | $315788.32    | 0.24%             | 2032-07-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Greensky Home Improvement Issu              | GreenSky Home Improvement Issuer Trust 2025-2                                   | CUSIP: 39571VAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $353545.19    | 0.26%             | 2060-06-25      | Fixed         | 5.07%                 | Yes           |                  2 | On Loan: No      |
| STREAM INNOVATIONS ISSUER TRUS              | Stream Innovations 2024-2 Issuer Trust                                          | CUSIP: 86324EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     70561 | PA      | $71361.77     | 0.05%             | 2045-02-15      | Fixed         | 5.21%                 | Yes           |                  2 | On Loan: No      |
| JCP Direct Lending CLO LLC                  | JCP Direct Lending CLO 2023-1 LLC                                               | CUSIP: 46656TAW6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1001222.30   | 0.75%             | 2037-07-20      | Floating      | 5.83%                 | Yes           |                  2 | On Loan: No      |
| BNP PARIBAS                                 | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |  -2528000 | NC      | $-7829.47     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                        | FS Rialto 2024-FL9 Issuer LLC                                                   | CUSIP: 30338WAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $100250.16    | 0.07%             | 2039-10-19      | Floating      | 6.03%                 | Yes           |                  2 | On Loan: No      |
| METLIFE INC                                 | MetLife Inc                                                                     | CUSIP: 59156RCQ9<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |     70000 | PA      | $73818.85     | 0.06%             | 2055-03-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                         | Dominion Energy Inc                                                             | CUSIP: 25746UDZ9<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50230.64     | 0.04%             | 2056-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus              | BRAVO 2024-NQM6                                                                 | CUSIP: 05613JAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     65717 | PA      | $65992.86     | 0.05%             | 2064-08-01      | Variable      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC                               | Citigroup Inc                                                                   | CUSIP: 172967PR6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101792.90    | 0.08%             | N/A             | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                    | Corebridge Financial Inc                                                        | CUSIP: 21871XAU3<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    700000 | PA      | $719372.77    | 0.54%             | N/A             | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC                    | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                            | CUSIP: 983133AD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $25561.89     | 0.02%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                       | Foundry JV Holdco LLC                                                           | CUSIP: 350930AE3<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    475000 | PA      | $506671.59    | 0.38%             | 2038-01-25      | Fixed         | 6.40%                 | Yes           |                  2 | On Loan: No      |
| ARETEC GROUP INC                            | ARETEC GROUP INC                                                                | CUSIP: 04009DAJ3<br>LEI: 549300NV2T8A33L0PQ58 | Long             | LON              | CORP              | US        |    500000 | PA      | $501565.00    | 0.37%             | 2030-08-09      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| FORTITUDE GROUP HOLDINGS                    | Fortitude Group Holdings LLC                                                    | CUSIP: 34966XAA6<br>LEI: 2549006R9ZUL08JFIH12 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52079.29     | 0.04%             | 2030-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                   | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DIR              | CORP              | CA        |   -712500 | NC      | $-189.05      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Long Beach Mortgage Loan Trust              | Long Beach Mortgage Loan Trust 2006-9                                           | CUSIP: 54251WAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    925974 | PA      | $277214.04    | 0.21%             | 2036-10-25      | Floating      | 4.17%                 | No            |                  3 | On Loan: No      |
| ATLX Trust                                  | ATLX 2024-RPL2 Trust                                                            | CUSIP: 049919AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    722763 | PA      | $706022.36    | 0.53%             | 2063-04-25      | Variable      | 3.85%                 | Yes           |                  2 | On Loan: No      |
| CREATIVE PLANNING INC                       | CREATIVE PLANNING LLC                                                           | CUSIP: 1261MAAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     49874 | PA      | $49964.33     | 0.04%             | 2031-05-19      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Home Owner Mortgage Enhanced S              | HOMES 2025-NQM1 Trust                                                           | CUSIP: 43761DAE0<br>LEI: 254900LUV7YA0N50XT86 | Long             | ABS-MBS          | CORP              | US        |    174108 | PA      | $175479.35    | 0.13%             | 2070-01-25      | Variable      | 5.96%                 | Yes           |                  2 | On Loan: No      |
| GRANTTHORNTONADVISORS                       | GRANTTHORNTONADVISORS                                                           | CUSIP: 38821UAF7<br>LEI: 254900XS1SHU0YY3WF58 | Long             | LON              | CORP              | US        |    199500 | PA      | $200070.57    | 0.15%             | 2031-05-30      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /                    | Albion Financing 1 SARL / Aggreko Holdings Inc                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    100000 | PA      | $121199.39    | 0.09%             | 2030-05-21      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| SPIRE INC                                   | Spire Inc                                                                       | CUSIP: 84857LAD3<br>LEI: 549300NXSY15DRY2R511 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149254.17    | 0.11%             | 2056-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| JANE STREET GROUP LLC                       | JANE STREET GROUP LLC                                                           | CUSIP: 47077DAM2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | LON              | CORP              | US        |    148828 | PA      | $148017.01    | 0.11%             | 2031-12-15      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                             | SBA Tower Trust                                                                 | CUSIP: 78403DBD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $50311.71     | 0.04%             | 2029-10-15      | Fixed         | 4.83%                 | Yes           |                  2 | On Loan: No      |
| Colony American Finance Ltd                 | CAFL 2025-RRTL2 Issuer LP                                                       | CUSIP: 12770JAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1400000 | PA      | $1403883.46   | 1.05%             | 2040-11-28      | Variable      | 5.18%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL SERVICES LLC         | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DIR              | CORP              | US        |   -997500 | NC      | $-1326.38     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                    | OBX 2025-NQM1 Trust                                                             | CUSIP: 673914AE7<br>LEI: 2549007E8KF1RJ2ZV866 | Long             | ABS-MBS          | CORP              | US        |     84059 | PA      | $84600.97     | 0.06%             | 2064-12-25      | Variable      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| Service Experts Issuer                      | Service Experts Issuer 2025-1 LLC                                               | CUSIP: 81758JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    185880 | PA      | $185848.04    | 0.14%             | 2037-01-20      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                       | PennyMac Financial Services Inc                                                 | CUSIP: 70932MAH0<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51686.35     | 0.04%             | 2034-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| FIGRE Trust                                 | FIGRE Trust 2024-HE2                                                            | CUSIP: 316927AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    332926 | PA      | $341668.87    | 0.26%             | 2054-05-25      | Variable      | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2025-6                                                   | CUSIP: 81749YAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     76786 | PA      | $77046.04     | 0.06%             | 2055-07-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                    | Builders FirstSource Inc                                                        | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    185000 | PA      | $191277.41    | 0.14%             | 2034-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| MERLIN BUYER INC                            | MERLIN BUYER INC                                                                | CUSIP: 59010LAB3<br>LEI: 2549008CJ699WXZAWW31 | Long             | LON              | CORP              | US        |    249352 | PA      | $251456.87    | 0.19%             | 2028-12-14      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| Gilead Aviation (Warehouse) LL              | Gilead Aviation LLC                                                             | CUSIP: 37556TAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    240682 | PA      | $244197.82    | 0.18%             | 2050-03-15      | Fixed         | 5.79%                 | Yes           |                  2 | On Loan: No      |
| BECLE SA DE CV                              | Becle SAB de CV                                                                 | CUSIP: 07586PAA9<br>LEI: 529900JY55CZKMJLCE09 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $174564.26    | 0.13%             | 2031-10-14      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| PMT Loan Trust                              | PMT Loan Trust 2025-INV7                                                        | CUSIP: 73015FAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    352938 | PA      | $358596.48    | 0.27%             | 2056-06-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL SERVICES LLC         | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DIR              | CORP              | US        |   -712500 | NC      | $-158.25      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Babson CLO Ltd                              | Barings CLO Ltd 2022-III                                                        | CUSIP: 06762VAJ5<br>LEI: 549300P3XUH38MXFT836 | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $100432.33    | 0.08%             | 2037-10-20      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Capital Inc                  | Morgan Stanley ABS Capital I Inc Trust 2007-HE2                                 | CUSIP: 61753EAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    883850 | PA      | $406400.49    | 0.30%             | 2037-01-25      | Floating      | 4.06%                 | No            |                  2 | On Loan: No      |
| Ares Direct Lending CLO LLC                 | Ares Direct Lending CLO 6 LLC                                                   | CUSIP: 039960AA7<br>LEI: 254900F5EQV7KVCD4M68 | Long             | ABS-CBDO         | CORP              | US        |    200000 | PA      | $200163.12    | 0.15%             | 2037-10-16      | Floating      | 5.20%                 | Yes           |                  2 | On Loan: No      |
| HEALTH CARE SERVICE CORP                    | Health Care Service Corp A Mutual Legal Reserve Co                              | CUSIP: 42218SAM0<br>LEI: 549300TMJ1FKCKECR148 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48117.61     | 0.04%             | 2054-06-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Verus Securitization Trust                  | Verus Securitization Trust 2024-9                                               | CUSIP: 92540RAE4<br>LEI: 213800LFRCPWSTP6LX39 | Long             | ABS-MBS          | CORP              | US        |     83699 | PA      | $84261.77     | 0.06%             | 2069-11-25      | Variable      | 5.89%                 | Yes           |                  2 | On Loan: No      |
| ALLIANZ SE                                  | Allianz SE                                                                      | CUSIP: 018820AE0<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $207608.40    | 0.16%             | N/A             | Fixed         | 6.55%                 | Yes           |                  2 | On Loan: No      |
| COX COMMUNICATIONS INC                      | Cox Communications Inc                                                          | CUSIP: 224044CT2<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |     50000 | PA      | $42642.59     | 0.03%             | 2053-12-15      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                       | Foundry JV Holdco LLC                                                           | CUSIP: 350930AG8<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    200000 | PA      | $209269.43    | 0.16%             | 2033-01-25      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| Achieve Mortgage                            | ACHM Trust 2025-HE3                                                             | CUSIP: 00449VAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175000 | PA      | $175072.78    | 0.13%             | 2055-11-25      | Variable      | 5.20%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP                     | American National Group Inc                                                     | CUSIP: 025676859<br>LEI: 549300RK5RZQ740FPL83 | Long             | EP               | CORP              | US        |      1000 | NS      | $25010.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | JPY CALL VERSUS USD PUT                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |     31000 | NC      | $25.50        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                 | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -712500 | NC      | $-158.39      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FIGRE Trust                                 | FIGRE Trust 2024-HE4                                                            | CUSIP: 31684UAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     73147 | PA      | $73576.75     | 0.05%             | 2054-09-25      | Variable      | 5.06%                 | Yes           |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                      | ARSENAL AIC PARENT LLC                                                          | CUSIP: 04287KAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     57905 | PA      | $57977.42     | 0.04%             | 2030-08-19      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| AREIT CRE Trust                             | AREIT 2025-CRE11                                                                | CUSIP: 04002DAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    150000 | PA      | $149999.15    | 0.11%             | 2043-07-25      | Floating      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ARDONAGH GROUP LTD                          | ARDONAGH GROUP FINCO PTY LTD                                                    | CUSIP: 000000000<br>LEI: 254900YP2E642AGM4G32 | Long             | LON              | CORP              | AU        |     99501 | PA      | $99190.18     | 0.07%             | 2031-02-18      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| DYNASTY ACQUISITION CO I                    | DYNASTY ACQUISITION CO INC                                                      | CUSIP: 26812CAN6<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |     35860 | PA      | $35978.33     | 0.03%             | 2031-10-31      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Tenet Equity Funding                        | Tenet Equity Funding LLC                                                        | CUSIP: 88035KAA7<br>LEI: 254900PL130UZ4FW1R84 | Long             | ABS-O            | CORP              | US        |     99717 | PA      | $100921.30    | 0.08%             | 2054-10-20      | Fixed         | 5.49%                 | Yes           |                  2 | On Loan: No      |
| Cross Mortgage Trust                        | Cross 2025-H6 Mortgage Trust                                                    | CUSIP: 22758TAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    189663 | PA      | $190992.56    | 0.14%             | 2070-07-25      | Variable      | 5.54%                 | Yes           |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                    | Neuberger Berman CLO 32R Ltd                                                    | CUSIP: 64135XAC5<br>LEI: 25490093SHVBS5BLDZ40 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1504408.35   | 1.12%             | 2039-07-20      | Floating      | 5.98%                 | Yes           |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd              | Golub Capital Partners CLO 54M L.P                                              | CUSIP: 38181GAA3<br>LEI: 2549007JA1TZWEDGPD41 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500438.15    | 0.37%             | 2037-08-05      | Floating      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| IQVIA INC                                   | IQVIA Inc                                                                       | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    200000 | PA      | $208983.63    | 0.16%             | 2032-06-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                           | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              | CORP              | GB        |   -712500 | NC      | $-128.33      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Vantage Data Centers LLC                    | Vantage Data Centers Issuer LLC                                                 | CUSIP: 92212KAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99314.70     | 0.07%             | 2054-09-15      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag              | PRPM 2025-7 LLC                                                                 | CUSIP: 69382YAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    335663 | PA      | $336493.70    | 0.25%             | 2030-08-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag              | PRPM 2025-6 LLC                                                                 | CUSIP: 69395KAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    184839 | PA      | $185137.02    | 0.14%             | 2028-08-25      | Variable      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| Greystone Commercial Real Esta              | Greystone CRE Notes 2025-FL4 LLC                                                | CUSIP: 39810MAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $250726.83    | 0.19%             | 2043-01-15      | Floating      | 5.89%                 | Yes           |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus              | BRAVO Residential Funding Trust 2024-NQM5                                       | CUSIP: 105925AC5<br>LEI: 254900RBHU9OC1RNXD92 | Long             | ABS-MBS          | CORP              | US        |    106441 | PA      | $107248.75    | 0.08%             | 2064-06-25      | Variable      | 6.16%                 | Yes           |                  2 | On Loan: No      |
| A10 Securitization                          | A10 2025-FL6 Issuer LLC                                                         | CUSIP: 00028AAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    700000 | PA      | $698690.23    | 0.52%             | 2042-05-15      | Floating      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| Verus Securitization Trust                  | Verus Securitization Trust 2025-12                                              | CUSIP: 92490FAM2<br>LEI: 2138009XAW9T934GL239 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1002103.45   | 0.75%             | 2070-12-25      | Variable      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| AWAYDAY(VACATION RENTAL BRANDS HOLDINGS) DD | AWAYDAY(VACATION RENTAL BRANDS HOLDINGS) DD                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     13854 | PA      | $13720.08     | 0.01%             | 2032-05-01      | Floating      | 8.92%                 | No            |                  3 | On Loan: No      |
| CIFC Funding Ltd                            | CIFC Funding 2015-IV Ltd                                                        | CUSIP: 12550TBN4<br>LEI: 549300ZXX0SJBZWIWI81 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500000.00    | 0.37%             | 2039-01-17      | Floating      | 0.01%                 | Yes           |                  2 | On Loan: No      |
| GRANT THORNTON ADVISORS                     | GRANT THORNTON ADVISORS                                                         | CUSIP: 38821UAD2<br>LEI: 254900XS1SHU0YY3WF58 | Long             | LON              | CORP              | US        |    198501 | PA      | $198660.05    | 0.15%             | 2031-05-30      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                   | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DIR              | CORP              | CA        |   -712500 | NC      | $-124.20      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BLACKFIN PIPELINE LLC                       | BLACKFIN PIPELINE LLC                                                           | CUSIP: 09231PAB2<br>LEI: 254900F4BUS186SK8A51 | Long             | LON              | CORP              | US        |    200000 | PA      | $200166.00    | 0.15%             | 2032-09-29      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| CLEARWATER ANALYTICS LLC                    | CLEARWATER ANALYTICS LLC                                                        | CUSIP: 18512EAF9<br>LEI: 894500N8DN2JO5ZDRQ11 | Long             | LON              | CORP              | US        |    150000 | PA      | $149719.50    | 0.11%             | 2032-04-21      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES HOLDIN                     | SCIENTIFIC GAMES HOLDINGS LP                                                    | CUSIP: 80875CAE7<br>LEI: 549300W5GPFXXB6TQ330 | Long             | LON              | CORP              | US        |    349116 | PA      | $342528.34    | 0.26%             | 2029-04-04      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| Ares Direct Lending CLO LLC                 | Ares Direct Lending CLO 7 LLC                                                   | CUSIP: 039973AC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1400000 | PA      | $1401710.38   | 1.05%             | 2038-01-20      | Floating      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Cerberus                                    | Cerberus Loan Funding 53 LLC                                                    | CUSIP: 15674YAE8<br>LEI: 635400YQBXB1DKX6JK08 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $749983.20    | 0.56%             | 2038-01-15      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| AMERICO LIFE INC                            | Americo Life Inc                                                                | CUSIP: 03060NAD2<br>LEI: 549300B5C1FRFHBYW144 | Long             | DBT              | CORP              | US        |    200000 | PA      | $180880.16    | 0.14%             | 2031-04-15      | Fixed         | 3.45%                 | Yes           |                  2 | On Loan: No      |
| HF SINCLAIR CORP                            | HF Sinclair Corp                                                                | CUSIP: 403949AT7<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101357.26    | 0.08%             | 2032-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JB POINDEXTER & CO INC                      | JB Poindexter & Co Inc                                                          | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |    185000 | PA      | $193783.08    | 0.14%             | 2031-12-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd              | Golub Capital Partners CLO 69M                                                  | CUSIP: 38182GAE4<br>LEI: 2549004WBNSFGOX1MY52 | Long             | ABS-CBDO         | CORP              | US        |    450000 | PA      | $448588.67    | 0.34%             | 2038-11-09      | Floating      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| SIERRA PACIFIC POWER CO                     | Sierra Pacific Power Co                                                         | CUSIP: 826418BR5<br>LEI: QB888G5GSVGE1LD1WV84 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49552.60     | 0.04%             | 2055-12-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | USD CALL VERSUS EUR PUT                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |    991000 | NC      | $7.07         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LRECS 2025-CRE1 LLC                         | LRECS 2025-CRE1 LLC                                                             | CUSIP: 50230AAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    750000 | PA      | $751351.28    | 0.56%             | 2043-08-19      | Floating      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| PERSHING SQUARE HOLDINGS                    | Pershing Square Holdings Ltd/Fund                                               | CUSIP: 000000000<br>LEI: U7LC4KOKCTZ0YWGI2G56 | Long             | DBT              | CORP              | GG        |    250000 | PA      | $231550.34    | 0.17%             | 2030-11-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| BLUE OWL IV (FKA DYAL IV) SR SEC B          | BLUE OWL IV (FKA DYAL IV) SR SEC B                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    144000 | PA      | $145607.97    | 0.11%             | 2045-08-22      | Fixed         | 5.94%                 | No            |                  3 | On Loan: No      |
| MIDCAP FUNDING XLVI TRUST                   | MIDCAP FUNDING XLVI TRUST                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $250000.00    | 0.19%             | 2028-04-15      | Floating      | 6.28%                 | No            |                  3 | On Loan: No      |
| DOMINION ENERGY INC                         | Dominion Energy Inc                                                             | CUSIP: 25746UEA3<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150102.17    | 0.11%             | 2056-02-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| HF SINCLAIR CORP                            | HF Sinclair Corp                                                                | CUSIP: 403949AS9<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |    150000 | PA      | $156406.80    | 0.12%             | 2035-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| JCP Direct Lending CLO LLC                  | JCP Direct Lending CLO 2023-1 LLC                                               | CUSIP: 46656TAU0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1001574.60   | 0.75%             | 2037-07-20      | Floating      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| Woodward Capital Management                 | RCKT Mortgage Trust 2025-CES5                                                   | CUSIP: 74942CAA7<br>LEI: 2549008EA2IHW9G2TZ48 | Long             | ABS-MBS          | CORP              | US        |   1314776 | PA      | $1331579.89   | 0.99%             | 2055-05-25      | Variable      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| AS MILEAGE PLAN IP LTD                      | AS Mileage Plan IP Ltd                                                          | CUSIP: 00218QAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     50000 | PA      | $50450.73     | 0.04%             | 2031-10-20      | Fixed         | 5.31%                 | Yes           |                  2 | On Loan: No      |
| COLT Funding LLC                            | COLT 2025-3 Mortgage Loan Trust                                                 | CUSIP: 12674LAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     80285 | PA      | $80578.66     | 0.06%             | 2070-03-25      | Variable      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| BNP PARIBAS                                 | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -712500 | NC      | $-1129.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                   | Fannie Mae or Freddie Mac                                                       | CUSIP: 01F030629<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10400000 | PA      | $9190593.78   | 6.87%             | 2056-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| METIS ISSUER 2025-1 LLC                     | METIS ISSUER 2025-1 LLC                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $253678.91    | 0.19%             | 2055-05-15      | Fixed         | 6.89%                 | No            |                  3 | On Loan: No      |
| BRITISH TELECOMMUNICATIO                    | British Telecommunications PLC                                                  | CUSIP: 11102AAG6<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |    405000 | PA      | $391263.05    | 0.29%             | 2081-11-23      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| SAZERAC CO INC                              | SAZERAC CO INC                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    357422 | PA      | $357768.44    | 0.27%             | 2032-09-07      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| Owl Rock CLO I, Ltd                         | Owl Rock CLO X LLC                                                              | CUSIP: 69120EAG4<br>LEI: 254900EEGFBE25I6SS76 | Long             | ABS-CBDO         | CORP              | US        |   1300000 | PA      | $1300928.33   | 0.97%             | 2037-04-20      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| Vantage Data Centers LLC                    | Vantage Data Centers LLC                                                        | CUSIP: 92212KAH9<br>LEI: 5493000RL8X7WTQ7HO20 | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $296506.74    | 0.22%             | 2055-08-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| REINSURANCE GRP OF AMER                     | Reinsurance Group of America Inc                                                | CUSIP: 759351AT6<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |    670000 | PA      | $692308.99    | 0.52%             | 2055-09-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                    | OBX 2025-NQM1 Trust                                                             | CUSIP: 673914AD9<br>LEI: 2549007E8KF1RJ2ZV866 | Long             | ABS-MBS          | CORP              | US        |     84059 | PA      | $84593.57     | 0.06%             | 2064-12-25      | Variable      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| DB Master Finance LLC                       | DB Master Finance LLC                                                           | CUSIP: 233046AQ4<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |    220800 | PA      | $208958.76    | 0.16%             | 2051-11-20      | Fixed         | 2.49%                 | Yes           |                  2 | On Loan: No      |
| ARAMARK SERVICES INC                        | ARAMARK SERVICES INC                                                            | CUSIP: 03852JBC4<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | LON              | CORP              | US        |    143528 | PA      | $143829.33    | 0.11%             | 2030-06-24      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | JPY CALL VERSUS USD PUT                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |    177000 | NC      | $145.57       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| A10 Securitization                          | A10 2025-FL6 Issuer LLC                                                         | CUSIP: 00028AAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    700000 | PA      | $698551.21    | 0.52%             | 2042-05-15      | Floating      | 5.94%                 | Yes           |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                   | Towd Point Mortgage Trust 2025-CES4                                             | CUSIP: 89170UAC4<br>LEI: 254900V1XGR6BSB30T32 | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $250929.98    | 0.19%             | 2065-10-25      | Variable      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| Owl Rock CLO I, Ltd                         | Owl Rock CLO VII LLC                                                            | CUSIP: 69121BAQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $249565.58    | 0.19%             | 2038-04-20      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                    | OBX 2024-NQM12 Trust                                                            | CUSIP: 67448PAC7<br>LEI: 254900MY906NOBBPOA44 | Long             | ABS-MBS          | CORP              | US        |     67289 | PA      | $67911.89     | 0.05%             | 2064-07-25      | Variable      | 5.83%                 | Yes           |                  2 | On Loan: No      |
| Navigator Aviation Ltd                      | Navigator 2024-1 Aviation Ltd                                                   | CUSIP: 63943DAA7<br>LEI: 984500UF8C3O89B30652 | Long             | ABS-O            | CORP              | KY        |    316667 | PA      | $317933.97    | 0.24%             | 2049-08-15      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                    | OBX 2024-NQM13 Trust                                                            | CUSIP: 67119PAB7<br>LEI: 254900W2SY2Z6X7UAX78 | Long             | ABS-MBS          | CORP              | US        |     66713 | PA      | $66797.39     | 0.05%             | 2064-06-25      | Variable      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| Altde Trust                                 | ALTDE 2025-1 Trust                                                              | CUSIP: 00166NAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    236421 | PA      | $241623.90    | 0.18%             | 2050-08-15      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| Brown Group Holding LLC                     | BROWN GROUP HOLD 07/01/31                                                       | CUSIP: 11565HAD8<br>LEI: 25490094PF4HHK9QS109 | Long             | LON              | CORP              | US        |    457836 | PA      | $459886.99    | 0.34%             | 2031-07-01      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                         | Global Payments Inc                                                             | CUSIP: 37940XAX0<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    225000 | PA      | $225105.40    | 0.17%             | 2032-11-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Ares Direct Lending CLO LLC                 | Ares Direct Lending CLO 6 LLC                                                   | CUSIP: 039960AE9<br>LEI: 254900F5EQV7KVCD4M68 | Long             | ABS-CBDO         | CORP              | US        |    350000 | PA      | $350284.59    | 0.26%             | 2037-10-16      | Floating      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                    | USD CALL VERSUS EUR PUT                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |    561000 | NC      | $4.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC                        | WEC Energy Group Inc                                                            | CUSIP: 92939UAU0<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125787.27    | 0.09%             | 2056-05-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Anchorage Credit Funding Ltd.               | Anchorage Credit Funding 3 Ltd                                                  | CUSIP: 03330EAJ3<br>LEI: 5493003NNQWXMTSTMF21 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $243331.50    | 0.18%             | 2039-01-28      | Fixed         | 2.87%                 | Yes           |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag              | PRPM 2025-5 LLC                                                                 | CUSIP: 69392RAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    960476 | PA      | $961247.49    | 0.72%             | 2030-07-25      | Variable      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| WAMU Asset-Backed Certificates              | WaMu Asset-Backed Certificates WaMu Series 2007-HE2 Trust                       | CUSIP: 92926SAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    974454 | PA      | $341134.04    | 0.25%             | 2037-04-25      | Floating      | 4.07%                 | No            |                  3 | On Loan: No      |
| Golub Capital Partners CLO Ltd              | Golub Capital Partners CLO 69M                                                  | CUSIP: 38182GAC8<br>LEI: 2549004WBNSFGOX1MY52 | Long             | ABS-CBDO         | CORP              | US        |    450000 | PA      | $450240.30    | 0.34%             | 2038-11-09      | Floating      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                          | Subway Funding LLC                                                              | CUSIP: 864300AL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     49500 | PA      | $49078.25     | 0.04%             | 2054-07-30      | Fixed         | 5.91%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                         | Global Payments Inc                                                             | CUSIP: 37940XAY8<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99393.22     | 0.07%             | 2035-11-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| LoanCore 2018-CRE1 Issuer, Ltd              | LoanCore 2025 2025-CRE8 Issuer LLC                                              | CUSIP: 53947FAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $99239.34     | 0.07%             | 2042-08-17      | Floating      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| AREIT CRE Trust                             | AREIT 2025-CRE10 Ltd                                                            | CUSIP: 00193DAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    150000 | PA      | $149837.33    | 0.11%             | 2029-12-17      | Floating      | 5.35%                 | Yes           |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag              | PRPM 2024-6 LLC                                                                 | CUSIP: 74390PAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     86866 | PA      | $86900.91     | 0.06%             | 2029-11-25      | Variable      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| BNP PARIBAS                                 | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -712500 | NC      | $-189.05      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DARLING GLOBAL FINANCE                      | Darling Global Finance BV                                                       | CUSIP: 000000000<br>LEI: 724500R2BQXOR6YG2Y67 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $119045.82    | 0.09%             | 2032-07-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                    | Rogers Communications Inc                                                       | CUSIP: 775109DH1<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    330000 | PA      | $347487.33    | 0.26%             | 2055-04-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                   | Towd Point Mortgage Trust 2024-4                                                | CUSIP: 89183GAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     79888 | PA      | $80134.53     | 0.06%             | 2064-10-27      | Variable      | 4.58%                 | Yes           |                  2 | On Loan: No      |
| CAPSTONE ACQUISITION 1L TL                  | CAPSTONE ACQUISITION 1L TL                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      9103 | PA      | $9064.02      | 0.01%             | 2029-11-12      | Floating      | 8.32%                 | No            |                  3 | On Loan: No      |
| Tricon Residential                          | Tricon Residential 2024-SFR1 Trust                                              | CUSIP: 89616UAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1496073.45   | 1.12%             | 2041-04-17      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP                                   | Sunoco LP                                                                       | CUSIP: 86765KAL3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    185000 | PA      | $190146.06    | 0.14%             | 2032-08-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| SSI ABS Issuer LLC                          | SSI ABS-2025-1 Issuer LLC                                                       | CUSIP: 78475CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     97057 | PA      | $98222.74     | 0.07%             | 2065-07-25      | Fixed         | 6.15%                 | Yes           |                  2 | On Loan: No      |
| ASURION LLC/ASURION CO                      | Asurion LLC and Asurion Co-Issuer Inc                                           | CUSIP: 045941AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $311283.43    | 0.23%             | 2032-12-31      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| BSPRT Issuer, Ltd.                          | BSPRT 2024-FL11 Issuer LLC                                                      | CUSIP: 05613RAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $100493.42    | 0.08%             | 2039-07-15      | Floating      | 6.04%                 | Yes           |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg              | Saluds Grade Alternative Mortgage Trust 2025-RRTL1                              | CUSIP: 79582NAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $700070.42    | 0.52%             | 2040-10-25      | Variable      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                           | EUR/USD FORWARD                                                                 | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              | CORP              | US        |         1 | NC      | $1389.52      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                           | Post Holdings Inc                                                               | CUSIP: 737446AY0<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    750000 | PA      | $751013.62    | 0.56%             | 2036-03-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Finance of America HECM Buyout              | Finance of America HECM Buyout 2024-HB1                                         | CUSIP: 31737DAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99991.49     | 0.07%             | 2034-10-01      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd              | Golub Capital Partners Clo 49M Ltd                                              | CUSIP: 38181HAC7<br>LEI: 254900NUVOJAHAT10W61 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1499446.95   | 1.12%             | 2038-07-20      | Floating      | 5.84%                 | Yes           |                  2 | On Loan: No      |
| Deephaven Residential Mortgage              | Deephaven Residential Mortgage Trust 2025-CES1                                  | CUSIP: 24380WAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    680892 | PA      | $683289.69    | 0.51%             | 2055-10-25      | Variable      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| CONTOURGLOBAL POWER HLDG                    | ContourGlobal Power Holdings SA                                                 | CUSIP: 21220LAB9<br>LEI: 549300O5AGIFK0PQ1516 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $206222.00    | 0.15%             | 2030-02-28      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag              | PRPM 2025-RCF3 LLC                                                              | CUSIP: 69392PAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    340743 | PA      | $343685.56    | 0.26%             | 2055-07-25      | Variable      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                         | Global Payments Inc                                                             | CUSIP: 37940XAW2<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125139.38    | 0.09%             | 2030-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                              | Whirlpool Corp                                                                  | CUSIP: 963320AX4<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |     10000 | PA      | $7351.52      | 0.01%             | 2050-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC                       | HIGHTOWER HOLDING LLC                                                           | CUSIP: 43117LAP8<br>LEI: 254900MKOSB7RTMA9K12 | Long             | LON              | CORP              | US        |    248750 | PA      | $248906.71    | 0.19%             | 2032-02-03      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| AL GCX HOLDINGS LLC                         | AL GCX HOLDINGS LLC                                                             | CUSIP: 00162DAE5<br>LEI: 2549009G4C2J89LNWS21 | Long             | LON              | CORP              | US        |    600000 | PA      | $600378.00    | 0.45%             | 2032-12-20      | Floating      | 2.75%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | THREE-MONTH SOFR                                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       118 | NC      | $20650.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FLUTTER FINANCING BV                        | FLUTTER FINANCING BV                                                            | CUSIP: 000000000<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |     99500 | PA      | $99500.00     | 0.07%             | 2032-06-04      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Fortress Credit BSL Limited                 | Fortress Credit BSL XVI Ltd                                                     | CUSIP: 349927AQ6<br>LEI: 254900KG4E8W7Q68M916 | Long             | ABS-CBDO         | CORP              | JE        |    250000 | PA      | $250465.38    | 0.19%             | 2035-10-20      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| ACREC LLC                                   | Acrec 2025 Fl 3 LLC                                                             | CUSIP: 00112HAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    150000 | PA      | $148561.79    | 0.11%             | 2042-08-18      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC                               | Citigroup Inc                                                                   | CUSIP: 172967QJ3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    530000 | PA      | $538624.05    | 0.40%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 31418FQG5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    281444 | PA      | $289361.53    | 0.22%             | 2055-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                   | Towd Point Mortgage Trust                                                       | CUSIP: 89182FAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     49082 | PA      | $49692.68     | 0.04%             | 2063-10-25      | Variable      | 7.29%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Military Housing B              | Freddie Mac Military Housing Bonds Resecuritization Trust Certificates 2015-R1  | CUSIP: 35563CAK4<br>LEI: 549300ZG8WH0M4JSUM77 | Long             | ABS-MBS          | USGSE             | US        |    898067 | PA      | $50787.83     | 0.04%             | 2052-10-25      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                 | FIGRE Trust 2025-PF2                                                            | CUSIP: 316918AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    142190 | PA      | $141913.83    | 0.11%             | 2055-10-25      | Variable      | 5.02%                 | Yes           |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd              | Golub Capital Partners CLO 54M L.P                                              | CUSIP: 38181GAC9<br>LEI: 2549007JA1TZWEDGPD41 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500685.00    | 0.37%             | 2037-08-05      | Floating      | 5.60%                 | Yes           |                  2 | On Loan: No      |
| JCP Direct Lending CLO LLC                  | Jefferies Credit Partners Direct Lending Clo 2025-1 Ltd                         | CUSIP: 47235BAG8<br>LEI: 213800SOG377Y9E1U217 | Long             | ABS-CBDO         | CORP              | KY        |    150000 | PA      | $149582.85    | 0.11%             | 2037-10-15      | Floating      | 5.96%                 | Yes           |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                   | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DIR              | CORP              | CA        |  -2528000 | NC      | $-7748.80     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.             | CDS CDX.NA.HY.43.V1                                                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-9616.29     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag              | PRPM 2025-RCF3 LLC                                                              | CUSIP: 69392PAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $401031.20    | 0.30%             | 2055-07-25      | Variable      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| SOLRR Aircraft 2021-1 Limited               | Lunar 2021-1 Structured Aircraft Portfolio Notes                                | CUSIP: 83438LAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | IE        |    163720 | PA      | $156190.55    | 0.12%             | 2046-10-15      | Fixed         | 2.64%                 | Yes           |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                     | GA Global Funding Trust                                                         | CUSIP: 36143L2V6<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |    450000 | PA      | $444625.04    | 0.33%             | 2030-09-18      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| SLAM LLC                                    | Slam Ltd                                                                        | CUSIP: 83100AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    919716 | PA      | $931428.18    | 0.70%             | 2049-09-15      | Fixed         | 5.33%                 | Yes           |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                    | OBX 2024-NQM18 Trust                                                            | CUSIP: 673913AC3<br>LEI: 254900NK9PNLY9I00149 | Long             | ABS-MBS          | CORP              | US        |    249102 | PA      | $250551.72    | 0.19%             | 2064-10-25      | Variable      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                       | Palmer Square CLO 2024-3 Ltd                                                    | CUSIP: 69688GAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250734.18    | 0.19%             | 2037-07-20      | Floating      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| DYNASTY ACQUISITION CO I                    | DYNASTY ACQUISITION CO INC                                                      | CUSIP: 26812CAP1<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |     13640 | PA      | $13685.02     | 0.01%             | 2031-10-31      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Eldridge CLO Ltd                            | Eldridge CLO 2025-2 Ltd                                                         | CUSIP: 28473AAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $300000.00    | 0.22%             | 2039-01-20      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| ALLWYN ENTERTAINMENT FIN                    | ALLWYN ENTERTAINMENT FIN                                                        | CUSIP: 02008EAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    350000 | PA      | $343000.00    | 0.26%             | 2032-11-10      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| AWAYDAY(VACATION RENTAL BRANDS HOLDINGS) DD | AWAYDAY(VACATION RENTAL BRANDS HOLDINGS) DD                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     36111 | PA      | $35761.61     | 0.03%             | 2032-05-02      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| BNP PARIBAS                                 | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   2528000 | NC      | $22490.42     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HUNTER DOUGLAS INC                          | HUNTER DOUGLAS INC                                                              | CUSIP: 000000000<br>LEI: 529900811T142NS3H544 | Long             | LON              | CORP              | US        |    148500 | PA      | $149056.88    | 0.11%             | 2032-01-20      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| SUNRISE FINANCING PARTNERSH                 | SUNRISE FINANCING PARTNERSH                                                     | CUSIP: 000000000<br>LEI: 213800DXWIS9KORQ3X94 | Long             | LON              | CORP              | US        |     75000 | PA      | $75216.75     | 0.06%             | 2032-02-17      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                              | Whirlpool Corp                                                                  | CUSIP: 963320AV8<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |     50000 | PA      | $37543.44     | 0.03%             | 2046-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SOLRR Aircraft 2021-1 Limited               | Lunar 2021-1 Structured Aircraft Portfolio Notes                                | CUSIP: 83438LAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | IE        |    333554 | PA      | $318785.09    | 0.24%             | 2046-10-15      | Fixed         | 3.43%                 | Yes           |                  2 | On Loan: No      |
| Ares Direct Lending CLO LLC                 | Ares Direct Lending CLO 7 LLC                                                   | CUSIP: 039973AE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1400000 | PA      | $1401238.02   | 1.05%             | 2038-01-20      | Floating      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| ASURION LLC                                 | ASURION LLC                                                                     | CUSIP: 04649VBD1<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    119548 | PA      | $119491.92    | 0.09%             | 2030-09-19      | Floating      | 7.97%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                 | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |  -1140000 | NC      | $-1671.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | THREE-MONTH SOFR                                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |        84 | NC      | $28875.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY CAPITAL SERVICES LLC         | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DIR              | CORP              | US        |   -712500 | NC      | $-168.45      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                   | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DIR              | CORP              | CA        |   -712500 | NC      | $-192.43      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | IRS USD                                                                         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-82994.73    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | IRS USD                                                                         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         1 | NC      | $293294.93    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | IRS USD                                                                         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         1 | NC      | $909199.58    | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | IRS USD                                                                         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-139402.44   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                 | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -997500 | NC      | $-1326.38     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Stack Infrastructure Issuer LL              | Stack Infrastructure Issuer LLC                                                 | CUSIP: 85236KAP7<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $395192.28    | 0.30%             | 2050-05-25      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag              | PRPM 2025-RPL3 LLC                                                              | CUSIP: 69392NAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $190010.54    | 0.14%             | 2055-04-25      | Variable      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| PACIFICORP                                  | PacifiCorp                                                                      | CUSIP: 695114DF2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    135000 | PA      | $137598.35    | 0.10%             | 2055-09-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Owl Rock CLO I, Ltd                         | OWL Rock Clo XIX LLC                                                            | CUSIP: 69120NAB5<br>LEI: 254900PD652278RSJX41 | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $100116.40    | 0.07%             | 2037-10-22      | Floating      | 5.76%                 | Yes           |                  2 | On Loan: No      |
| STEIV 2025 A 1                              | STEIV 2025 A 1                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $750000.00    | 0.56%             | 2046-04-15      | Fixed         | 6.82%                 | No            |                  3 | On Loan: No      |
| Fannie Mae or Freddie Mac                   | Fannie Mae or Freddie Mac                                                       | CUSIP: 01F042426<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    538797 | PA      | $538754.90    | 0.40%             | 2041-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding              | Avis Budget Rental Car Funding AESOP LLC                                        | CUSIP: 05377RKR4<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $924617.16    | 0.69%             | 2031-08-20      | Fixed         | 5.51%                 | Yes           |                  2 | On Loan: No      |
| MILE Trust                                  | MILE Trust 2025-STNE                                                            | CUSIP: 59918AAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $900561.96    | 0.67%             | 2042-07-15      | Floating      | 5.45%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2025-VOLT                                                              | CUSIP: 05619PAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1050000 | PA      | $1050653.10   | 0.79%             | 2044-12-15      | Floating      | 5.45%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac REMICS                                                              | CUSIP: 3137HMA67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    205426 | PA      | $207993.21    | 0.16%             | 2053-04-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                 | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -712500 | NC      | $-1011.68     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Five Guys Funding, LLC                      | Five Guys Holdings Inc                                                          | CUSIP: 33830JAE5<br>LEI: 549300XWT8G8Q3Z3HJ19 | Long             | ABS-O            | CORP              | US        |     99000 | PA      | $101819.59    | 0.08%             | 2054-01-26      | Fixed         | 7.55%                 | Yes           |                  2 | On Loan: No      |
| CROSSCOUNTRY INTER                          | CrossCountry Intermediate HoldCo LLC                                            | CUSIP: 22757VAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $711358.90    | 0.53%             | 2032-12-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| SG Capital Partners                         | SG Residential Mortgage Trust 2025-1                                            | CUSIP: 81880NAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1600000 | PA      | $1602109.46   | 1.20%             | 2065-12-25      | Variable      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                      | Verizon Communications Inc                                                      | CUSIP: 92343VHH0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    175000 | PA      | $173750.11    | 0.13%             | 2045-11-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ASCOT GROUP LTD                             | Ascot Group Ltd                                                                 | CUSIP: 04365XAB4<br>LEI: 213800DJV7WRJBE2II28 | Long             | DBT              | CORP              | BM        |     50000 | PA      | $51762.76     | 0.04%             | 2035-06-15      | Fixed         | 6.35%                 | Yes           |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                    | OBX 2025-NQM13 Trust                                                            | CUSIP: 67121UAC0<br>LEI: 254900FPAGVH6E25VL74 | Long             | ABS-MBS          | CORP              | US        |    130326 | PA      | $131200.58    | 0.10%             | 2065-05-25      | Variable      | 5.82%                 | Yes           |                  2 | On Loan: No      |
| HPS Private Credit CLO                      | HPS Private Credit CLO 2025-3 LLC                                               | CUSIP: 40445YAC8<br>LEI: 254900WC9JHPFFXUKB77 | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $250389.05    | 0.19%             | 2037-07-20      | Floating      | 6.31%                 | Yes           |                  2 | On Loan: No      |
| KNIFE RIVER CORP                            | KNIFE RIVER HOLD CO                                                             | CUSIP: 49889LAD8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    149250 | PA      | $149747.00    | 0.11%             | 2032-03-08      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance                     | TRTX 2025-FL7 Issuer Ltd                                                        | CUSIP: 87277LAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    700000 | PA      | $699995.52    | 0.52%             | 2043-06-18      | Floating      | 6.03%                 | Yes           |                  2 | On Loan: No      |
| Progress Residential Trust                  | Progress Residential 2025-SFR6 Trust                                            | CUSIP: 74334EAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1450000 | PA      | $1382302.11   | 1.03%             | 2042-12-17      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| BNP PARIBAS                                 | SWOP IRS USD                                                                    | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DIR              | CORP              | FR        |   -712500 | NC      | $-114.58      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                   | Fannie Mae or Freddie Mac                                                       | CUSIP: 01F042418<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    441203 | PA      | $441358.11    | 0.33%             | 2041-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WENDYS FUNDING LLC                          | Wendy's Funding LLC                                                             | CUSIP: 95058XAR9<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $747782.85    | 0.56%             | 2055-12-15      | Fixed         | 5.42%                 | Yes           |                  2 | On Loan: No      |
| PACIFIC BELLS LLC                           | PACIFIC BELLS LLC                                                               | CUSIP: 69403HAN0<br>LEI: 549300VGOQXINYVBJF37 | Long             | LON              | CORP              | US        |    348099 | PA      | $349115.77    | 0.26%             | 2028-11-10      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag              | PRPM 2025-8 LLC                                                                 | CUSIP: 69383BAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    326407 | PA      | $326886.61    | 0.24%             | 2030-10-25      | Variable      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| ATLX Trust                                  | ATLX 2024-RPL1 Trust                                                            | CUSIP: 049915AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     88488 | PA      | $86516.04     | 0.06%             | 2064-04-25      | Variable      | 3.85%                 | Yes           |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                       | KKR Clo 16 Ltd                                                                  | CUSIP: 48251BBG4<br>LEI: 254900VCKMCY079T6M57 | Long             | ABS-CBDO         | CORP              | KY        |   2250000 | PA      | $2260046.48   | 1.69%             | 2034-10-20      | Floating      | 5.45%                 | Yes           |                  2 | On Loan: No      |
| Ares Direct Lending CLO LLC                 | Ares Direct Lending CLO 2 LLC                                                   | CUSIP: 04021CAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $100109.51    | 0.07%             | 2036-10-20      | Floating      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| HNI CORP                                    | HNI CORP                                                                        | CUSIP: 000000000<br>LEI: 549300SKRADLC4O5HV93 | Long             | LON              | CORP              | US        |    450000 | PA      | $451125.00    | 0.34%             | 2032-12-10      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                       | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AE6<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127293.05    | 0.10%             | 2030-12-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Apollo Aviation Securitization              | AASET 2024-2 Ltd                                                                | CUSIP: 00038QAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    227925 | PA      | $231117.55    | 0.17%             | 2049-09-16      | Fixed         | 5.93%                 | Yes           |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.             | CDS CDX.NA.HY.43.V1                                                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-15468.82    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Owl Rock CLO I, Ltd                         | Owl Rock CLO IX LLC                                                             | CUSIP: 69120BAH8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $250257.65    | 0.19%             | 2037-11-22      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| New York Mortgage Trust                     | NYMT Loan Trust 2025-CP1                                                        | CUSIP: 67121VAA2<br>LEI: 254900JF85A0S614L988 | Long             | ABS-MBS          | CORP              | US        |    238166 | PA      | $229906.33    | 0.17%             | 2069-11-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| BXHPP Trust                                 | BXHPP Trust 2021-FILM                                                           | CUSIP: 05609JAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     25000 | PA      | $23422.43     | 0.02%             | 2036-08-15      | Floating      | 4.96%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                       | Venture Global Plaquemines LNG LLC                                              | CUSIP: 922966AF3<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127722.83    | 0.10%             | 2034-06-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                    | Angel Oak Mortgage Trust 2025-12                                                | CUSIP: 03466KAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1388321 | PA      | $1391417.12   | 1.04%             | 2070-12-25      | Variable      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| Cerberus                                    | Cerberus Loan Funding XLVIII LLC                                                | CUSIP: 15675JAA8<br>LEI: 635400TT2BPIAD7JRA96 | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $100297.71    | 0.07%             | 2036-10-15      | Floating      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| TSY INFL IX N/B                             | United States Treasury Inflation Indexed Bonds                                  | CUSIP: 912810UH9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    825496 | PA      | $783059.56    | 0.59%             | 2055-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| CAPSTONE ACQUISITION 1L DDTL FUND           | CAPSTONE ACQUISITION 1L DDTL FUND                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |       805 | PA      | $801.59       | 0.00%             | 2029-11-13      | Floating      | 8.32%                 | No            |                  3 | On Loan: No      |
| VENTURE GLOBAL LNG INC                      | Venture Global LNG Inc                                                          | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    370000 | PA      | $292200.36    | 0.22%             | N/A             | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC                    | ALLISON TRANSMISSION INC                                                        | CUSIP: 01973KAJ5<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | LON              | CORP              | US        |    300000 | PA      | $301251.00    | 0.23%             | 2032-11-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** Guggenheim Funds Trust

**Signature:** James Howley

**Name of Signer:** James Howley

**Title:** Chief Financial Officer