# EDGAR Filing Document

**Accession Number:** 0002043390
**File Stem:** 0001999371-26-011762
**Filing Date:** 2026-6
**Character Count:** 113237
**Document Hash:** 000d88aee4d9ee19315e2b9fb691ce6e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001999371-26-011762.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0001999371-26-011762

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tidal Trust IV
- **CENTRAL INDEX KEY:** 0002043390

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-24061
- **FILM NUMBER:** 261048100

**BUSINESS ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 700
- **CITY:** MILWAUKEE
- **STATE:** WI
- **BUSINESS PHONE:** 855-832-2534

**MAIL ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 700
- **CITY:** MILWAUKEE
- **STATE:** WI

## Series and Classes Contracts Data

### Voya Ultra Short Income ETF (Series ID: S000096085)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000264872 | Voya Ultra Short Income ETF |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Tidal Trust IV

- **b. Investment Company Act file number:** 811-24061

- **c. CIK number of Registrant:** 0002043390

- **d. LEI of Registrant:** 2549002AJTPTPGECMC44

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

  - **Street Address 1:** 234 WEST FLORIDA STREET

  - **City:** MILWAUKEE

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53204

  - **Telephone number:** 855-832-2534

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

- **a. Name of Series:** Voya Ultra Short Income ETF

- **b. EDGAR series identifier (if any):** S000096085

- **c. LEI of Series:** 254900FK12RDASVD0175

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $116373810.29

**Total Liabilities:** $4423989.94

**Net Assets:** $111949820.35

**Delayed Delivery Securities:** $1500966.24

**Cash Not Reported:** $157008.87

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -107.86 | **1-Year:** -6420.03 | **5-Year:** -9634.18 | **10-Year:** -641.03 | **30-Year:** 2613.62

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

- **3-Month:** -5.79 | **1-Year:** -350.84 | **5-Year:** -1601.85 | **10-Year:** 0 | **30-Year:** 0

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000264872 | 0.43%                | -0.02%               | -0.09%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-30449.67               | $33705.42                                  |
| Month 2  | $32870.50                | $239035.39                                 |
| Month 3  | $-52524.49               | $-802822.29                                |

**Designated Index Information**

- **Index Name:** S&P 500

- **Index Identifier:** SPX

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                      | 10-Year T-Note Futures, Jun-2026,ETH                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -20 | NC      | $36710.60     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                      | U.S. Treasury Bond Futures, Jun-2026,ETH               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -8 | NC      | $24881.14     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                      | 5-Year T-Note Futures, Jun-2026,ETH                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -78 | NC      | $105010.73    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                      | Ultra 10-Year U.S. Treasury Note Futures, Jun-2026,ETH | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -11 | NC      | $22406.91     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                      | Ultra U.S. Treasury Bond Futures, Jun-2026,ETH         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        -8 | NC      | $26233.95     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                      | 2-Year T-Note Futures, Jun-2026,ETH                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         6 | NC      | $-1038.24     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.                                                            | IBM 4.15 07/27/27                                      | CUSIP: 459200KT7<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    188000 | PA      | $187700.01    | 0.17%             | 2027-07-27      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Invitation Homes Operating Partnership Lp                                                        | INVH 2 08/15/31                                        | CUSIP: 46188BAA0<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |    315000 | PA      | $269712.98    | 0.24%             | 2031-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MF1 2021-FL7 LTD                                                                                 | MF1 2021-FL7 A                                         | CUSIP: 55284AAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    341878 | PA      | $341686.45    | 0.31%             | 2036-10-21      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| CARLYLE US CLO 2021-9 LTD                                                                        | CGMS 2021-9A AR                                        | CUSIP: 14317KAQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $249750.00    | 0.22%             | 2034-10-20      | Variable      | 4.99%                 | No            |                  2 | On Loan: No      |
| BALLYROCK CLO 22 LTD                                                                             | BALLY 2024-22A A1A                                     | CUSIP: 05877GAA1<br>LEI: 254900XC0FEB91ZCO167 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500227.50    | 0.45%             | 2037-04-15      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| Wcore Commercial Mortgage Trust 2024-Core                                                        | WCORE 2024-CORE A                                      | CUSIP: 951913AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    465000 | PA      | $465710.99    | 0.42%             | 2041-11-15      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Steel Dynamics, Inc.                                                                             | STLD 1.65 10/15/27                                     | CUSIP: 858119BN9<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |    557000 | PA      | $534644.49    | 0.48%             | 2027-10-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                                                               | BX 2025-ARIA C                                         | CUSIP: 05619TAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $499058.55    | 0.45%             | 2042-12-15      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2024-1                                                  | AMCAR 2025-1 A2A                                       | CUSIP: 03067FAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $500386.10    | 0.45%             | 2029-03-19      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TRUST                                                                          | CARMX 2026-1 A3                                        | CUSIP: 14320XAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    950000 | PA      | $947325.47    | 0.85%             | 2031-03-17      | Fixed         | 4.04%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                     | ORCL 2.95 04/01/30                                     | CUSIP: 68389XBV6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    545000 | PA      | $497326.29    | 0.44%             | 2030-04-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                                       | AMGN 5.15 03/02/28                                     | CUSIP: 031162DP2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    488000 | PA      | $495346.96    | 0.44%             | 2028-03-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                   | MS V5.173 01/16/30                                     | CUSIP: 61747YFK6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40566.00     | 0.04%             | 2030-01-16      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| BDS 2025-FL16 LLC                                                                                | BDS 2025-FL16 A                                        | CUSIP: 05556XAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $500428.58    | 0.45%             | 2043-07-19      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust 2013-A                                                    | SDART 2022-7 C                                         | CUSIP: 80287FAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    462660 | PA      | $470294.85    | 0.42%             | 2031-03-17      | Fixed         | 6.69%                 | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                                                               | BBVASM 4.15 03/03/29                                   | CUSIP: 05946KAT8<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $197707.64    | 0.18%             | 2029-03-03      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| FS TRUST 2026-ORL                                                                                | FS 2026-ORL B                                          | CUSIP: 30343YAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $499924.60    | 0.45%             | 2041-02-15      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | GNR 2025-89 FB                                         | CUSIP: 38385GKJ7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    182970 | PA      | $184757.53    | 0.17%             | 2055-05-20      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Howmet Aerospace Inc                                                                             | HWM 3.9 04/15/29                                       | CUSIP: 443201AG3<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88752.55     | 0.08%             | 2029-04-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc.                                                             | NOVHOL 6.625 04/15/29 144A                             | CUSIP: 18972EAA3<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    135000 | PA      | $132272.14    | 0.12%             | 2029-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| HARLEY-DAVIDSON MOTORCYCLE TRUST 2025-A                                                          | HDMOT 2025-A A3                                        | CUSIP: 41284XAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    550000 | PA      | $554126.21    | 0.49%             | 2030-04-15      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                                                                    | USB V4.548 07/22/28 MTN                                | CUSIP: 91159HJF8<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    222000 | PA      | $222232.07    | 0.20%             | 2028-07-22      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                                          | MPLX 2.65 08/15/30                                     | CUSIP: 55336VBQ2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    237000 | PA      | $218505.37    | 0.20%             | 2030-08-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2024-3                                            | MSRM 2024-3 A7                                         | CUSIP: 61776QAM8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    409953 | PA      | $410255.68    | 0.37%             | 2054-07-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                               | TMUS 2.05 02/15/28                                     | CUSIP: 87264ACA1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    168000 | PA      | $161212.07    | 0.14%             | 2028-02-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| TOYOTA AUTO RECEIVABLES 2024-C OWNER TRUST                                                       | TAOT 2024-C A3                                         | CUSIP: 89237QAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    927223 | PA      | $933403.29    | 0.83%             | 2029-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPM V2.947 02/24/28                                    | CUSIP: 46647PCW4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    615000 | PA      | $607309.83    | 0.54%             | 2028-02-24      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | GNR 2024-64 UF                                         | CUSIP: 38384MZA8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   2658670 | PA      | $2672679.41   | 2.39%             | 2054-04-20      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| CIFC FUNDING 2021-VII LTD                                                                        | CIFC 2021-7A AR                                        | CUSIP: 12567HAQ5<br>LEI: 54930089HD7KU5NUS092 | Long             | ABS-CBDO         | CORP              | KY        |    490000 | PA      | $489365.45    | 0.44%             | 2035-01-23      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Pennymac Financial Services Inc                                                                  | PFSI 4.25 02/15/29 144A                                | CUSIP: 70932MAB3<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    135000 | PA      | $128007.92    | 0.11%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SCE Recovery Funding LLC                                                                         | EIX 4.453 03/15/36                                     | CUSIP: 78433LAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $793000.88    | 0.71%             | 2036-03-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                                            | AAL 5.75 04/20/29 144A                                 | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $134345.57    | 0.12%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| OCP CLO LTD 2021-21                                                                              | OCP 2021-21A AR                                        | CUSIP: 671000AL1<br>LEI: 2549000M7NBNQ7XU2038 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $499293.00    | 0.45%             | 2038-01-20      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY COMMERCIAL REAL ESTATE NOTES 2025-FL1 LLC                                           | ARCREN 2025-FL1 A                                      | CUSIP: 03881KAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    320000 | PA      | $319561.68    | 0.29%             | 2043-01-21      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                            | BAC V2.687 04/22/32                                    | CUSIP: 06051GJT7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    173000 | PA      | $156830.46    | 0.14%             | 2032-04-22      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2018-BIOA                                                           | BX 2026-XL6 B                                          | CUSIP: 12433NAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $497118.55    | 0.44%             | 2043-03-15      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                                         | BX Trust 2026-RISE                                     | CUSIP: 05595AAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $750937.50    | 0.67%             | 2041-04-15      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust 2020-Gc46                                                    | CGCMT 2020-GC46 AS                                     | CUSIP: 17328RBB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    325000 | PA      | $293453.58    | 0.26%             | 2053-02-18      | Variable      | 2.92%                 | No            |                  2 | On Loan: No      |
| FS TRUST 2026-HULA                                                                               | FS 2026-HULA A                                         | CUSIP: 30345AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $500635.40    | 0.45%             | 2041-03-15      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                                         | HCA 4.125 06/15/29                                     | CUSIP: 404119BX6<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    526000 | PA      | $518522.94    | 0.46%             | 2029-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC / (Albertsons Safeway LLC) | ACI 3.5 03/15/29 144A                                  | CUSIP: 013092AG6<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    135000 | PA      | $128841.83    | 0.12%             | 2029-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Ingram Micro Inc.                                                                                | IM 4.75 05/15/29 144A                                  | CUSIP: 45258LAA5<br>LEI: 549300KJMEWPKRQZHX63 | Long             | DBT              | CORP              | US        |    135000 | PA      | $130790.79    | 0.12%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BAIN CAPITAL CREDIT CLO LIMITED(KY                                                               | BCC 2020-5A ARR                                        | CUSIP: 05683FBE8<br>LEI: 2549006JVW9O28JU2J23 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250062.50    | 0.22%             | 2034-04-20      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                                 | NRG 3.375 02/15/29 144A                                | CUSIP: 629377CQ3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    145000 | PA      | $137539.52    | 0.12%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                                | WFC V3.584 05/22/28 MTN                                | CUSIP: 95000U2A0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    149000 | PA      | $147615.38    | 0.13%             | 2028-05-22      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                                                                     | B 0 04/07/26                                           | CUSIP: 912797TG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3350000 | PA      | $3347987.05   | 2.99%             | 2026-04-07      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| Celanese US Holdings Llc                                                                         | CE 6.85 11/15/28                                       | CUSIP: 15089QAW4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    135000 | PA      | $140264.06    | 0.13%             | 2028-11-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST 2023-5                                                                    | SEMT 2026-INV1 A8                                      | CUSIP: 816942AH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $368297.64    | 0.33%             | 2056-01-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Novartis Capital Corporation                                                                     | NOVNVX 4.1 03/16/29                                    | CUSIP: 66989HBF4<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    175000 | PA      | $174798.65    | 0.16%             | 2029-03-16      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                   | MS V6.296 10/18/28                                     | CUSIP: 61747YEV3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     79000 | PA      | $81054.43     | 0.07%             | 2028-10-18      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2026-1                                                                  | JPMMT 2026-1 A3                                        | CUSIP: 46594NAH7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    195714 | PA      | $194889.77    | 0.17%             | 2056-07-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                                           | FHR 5472 FE                                            | CUSIP: 3137HHEP2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    638441 | PA      | $643512.09    | 0.57%             | 2054-11-25      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| LSTR TR 2026-HTL6                                                                                | LS 2026-HTL6 A                                         | CUSIP: 50220QAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $748187.93    | 0.67%             | 2040-12-15      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| VMware LLC                                                                                       | VMW 2.2 08/15/31                                       | CUSIP: 928563AL9<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    486000 | PA      | $426846.19    | 0.38%             | 2031-08-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                     | ORCL 4.55 02/04/29                                     | CUSIP: 68389XDW2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    140000 | PA      | $138246.66    | 0.12%             | 2029-02-04      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust 2026-1                                                       | EART 2026-1A A3                                        | CUSIP: 30168HAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $897487.47    | 0.80%             | 2030-03-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| KSL COMMERCIAL MORTGAGE TRUST 2024-HT2                                                           | KSL 2024-HT2 A                                         | CUSIP: 500937AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    445605 | PA      | $445364.19    | 0.40%             | 2039-12-15      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| PMT LOAN TRUST 2025-INV12                                                                        | PMTLT 2025-INV12 A29                                   | CUSIP: 73015KBE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    486126 | PA      | $482560.07    | 0.43%             | 2056-12-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| PMT LOAN TRUST 2025-J2                                                                           | PMTLT 2025-J2 A3                                       | CUSIP: 69392TAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    749008 | PA      | $745853.50    | 0.67%             | 2056-08-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Chase Issuance Trust                                                                             | CHAIT 2023-A2 A                                        | CUSIP: 161571HU1<br>LEI: 5493008SHVCX2Y068L12 | Long             | ABS-O            | CORP              | US        |    950000 | PA      | $971653.35    | 0.87%             | 2030-09-16      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Novartis Capital Corporation                                                                     | NOVNVX 4.4 03/18/31                                    | CUSIP: 66989HBG2<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    175000 | PA      | $174932.71    | 0.16%             | 2031-03-18      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| 720 EAST CLO 2023-I LTD                                                                          | NWML 2023-IA A1R                                       | CUSIP: 81785EAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $499037.00    | 0.45%             | 2038-04-15      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit Clo 2017-2                                                                   | BCC 2017-2A A1R3                                       | CUSIP: 05683HAW5<br>LEI: 549300Y1FQZLCX1NO508 | Long             | ABS-CBDO         | CORP              | KY        |    415000 | PA      | $415461.48    | 0.37%             | 2037-07-27      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Sierra Pacific Power Company                                                                     | BRKHEC 2.6 05/01/26                                    | CUSIP: 826418BM6<br>LEI: QB888G5GSVGE1LD1WV84 | Long             | DBT              | CORP              | US        |    238000 | PA      | $237716.11    | 0.21%             | 2026-05-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| The Chemours Company LLC                                                                         | CC 5.75 11/15/28 144A                                  | CUSIP: 163851AF5<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    103000 | PA      | $102064.56    | 0.09%             | 2028-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AREIT 2025-CRE11 LTD                                                                             | AREIT 2025-CRE11 A                                     | CUSIP: 04002DAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501359.75    | 0.45%             | 2043-07-25      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Realty Income Corporation                                                                        | O 3.25 01/15/31                                        | CUSIP: 756109AX2<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    546000 | PA      | $513823.28    | 0.46%             | 2031-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank Ltd.                                                                  | SUMITR 2.8 03/10/27 144A                               | CUSIP: 86563VBA6<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |    538000 | PA      | $530774.46    | 0.47%             | 2027-03-10      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP HOLDINGS INC                                                                | TIBX 6.5 03/31/29 144A                                 | CUSIP: 88632QAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $131880.95    | 0.12%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Williams Scotsman International Inc                                                              | WLSC 4.625 08/15/28 144A                               | CUSIP: 96950GAE2<br>LEI: 549300V3TCHCBOBTGH07 | Long             | DBT              | CORP              | US        |    140000 | PA      | $137770.08    | 0.12%             | 2028-08-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WEC Energy Group Inc.                                                                            | WEC 5.15 10/01/27                                      | CUSIP: 92939UAJ5<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |    824000 | PA      | $832992.06    | 0.74%             | 2027-10-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| PRA Group Inc.                                                                                   | PRAA 8.375 02/01/28 144A                               | CUSIP: 69354NAE6<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |    130000 | PA      | $130992.81    | 0.12%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Carrier Global Corporation                                                                       | CARR 2.722 02/15/30                                    | CUSIP: 14448CAQ7<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |    828000 | PA      | $773574.62    | 0.69%             | 2030-02-15      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| Ocean Trails Clo Xi Ltd / Ocean Trails Clo Xi Llc                                                | OCTR 2021-11A AR                                       | CUSIP: 67514VAL3<br>LEI: 549300E51CF32RJNO651 | Long             | ABS-CBDO         | CORP              | KY        |    425000 | PA      | $424499.78    | 0.38%             | 2034-07-20      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust 2013-A                                                    | SDART 2024-2 C                                         | CUSIP: 80286YAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $814612.80    | 0.73%             | 2030-06-17      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| Advance Auto Parts Inc.                                                                          | AAP 1.75 10/01/27                                      | CUSIP: 00751YAF3<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    135000 | PA      | $127143.64    | 0.11%             | 2027-10-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| BLUEMOUNTAIN CLO XXVIII LTD                                                                      | BLUEM 2021-28A A1R                                     | CUSIP: 09630PAN3<br>LEI: 5493001GLQHON6UV2U40 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500263.50    | 0.45%             | 2038-03-31      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer Inc                                 | ALIANT 6.75 04/15/28 144A                              | CUSIP: 01883LAE3<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |    140000 | PA      | $140788.90    | 0.13%             | 2028-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                            | BAC V2.592 04/29/31                                    | CUSIP: 06051GJB6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    562000 | PA      | $519222.54    | 0.46%             | 2031-04-29      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                                                             | RY 1.2 04/27/26                                        | CUSIP: 78016EZQ3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    193000 | PA      | $192588.49    | 0.17%             | 2026-04-27      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| MAGNETITE LI LIMITED                                                                             | MAGNE 2025-51A A1                                      | CUSIP: 559932AA6<br>LEI: 529900KAYH281VVPRN31 | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $599016.00    | 0.54%             | 2038-10-25      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                                           | FHR 5508 FG                                            | CUSIP: 3137HJGH4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   2487981 | PA      | $2508115.94   | 2.24%             | 2055-02-25      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| Sabine Pass Liquefaction, LLC                                                                    | SPLLLC 5 03/15/27                                      | CUSIP: 785592AS5<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    436000 | PA      | $436856.16    | 0.39%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                                                                        | SUN 7 05/01/29 144A                                    | CUSIP: 86765KAB5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    130000 | PA      | $133603.99    | 0.12%             | 2029-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CORPORATE ONE AUTO RECEIVABLES TRUST 2026-1                                                      | COART 2026-1A A3                                       | CUSIP: 22004UAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $597529.20    | 0.53%             | 2030-03-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Energizer Holdings Inc                                                                           | ENR 4.375 03/31/29 144A                                | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    145000 | PA      | $138041.16    | 0.12%             | 2029-03-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                            | BAC V1.734 07/22/27                                    | CUSIP: 06051GJS9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1182000 | PA      | $1172183.40   | 1.05%             | 2027-07-22      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| Concord Minutemen Capital Company LLC                                                            | Concord Minutemen Capital Company LLC 0% CP 06/04/2026 | CUSIP: 2063C1D64<br>LEI: 549300B4YYZ4SNU1JB49 | Long             | ABS-APCP         | CORP              | US        |   1375000 | PA      | $1374154.65   | 1.23%             | 2026-04-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer Inc             | PK 5.875 10/01/28 144A                                 | CUSIP: 70052LAB9<br>LEI: 549300HJUVLG7EAGZV92 | Long             | DBT              | CORP              | US        |    135000 | PA      | $134464.89    | 0.12%             | 2028-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | T 3.5 03/15/29                                         | CUSIP: 91282CQE4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    268100 | PA      | $265722.71    | 0.24%             | 2029-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Eaton Corp.                                                                                      | ETN 3.95 03/06/29                                      | CUSIP: 278058DW9<br>LEI: 0NZWDMRCE180888QQE14 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198064.31    | 0.18%             | 2029-03-06      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRIES LTD                                                                          | BMCAUS 4.75 01/15/28 144A                              | CUSIP: 853496AD9<br>LEI: N/A                  | Long             | DBT              | CORP              | IN        |    135000 | PA      | $133540.42    | 0.12%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| EFMT 2025-RM1                                                                                    | EFMT 2025-RM4 A1                                       | CUSIP: 26847CAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $478580.05    | 0.43%             | 2055-11-25      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| McCormick & Company, Incorporated                                                                | MKC 4.15 02/15/29                                      | CUSIP: 579780AV9<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |    155000 | PA      | $153524.97    | 0.14%             | 2029-02-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                                  | CVS 1.75 08/21/30                                      | CUSIP: 126650DN7<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    605000 | PA      | $533814.83    | 0.48%             | 2030-08-21      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| AGL CORE CLO 38 LTD                                                                              | AGL 2025-38A A1                                        | CUSIP: 00852QAA9<br>LEI: 254900ZPMRHE5M6S8F18 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $499091.00    | 0.45%             | 2038-01-22      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2024-C                                                          | SMB 2024-C A1A                                         | CUSIP: 83206EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    418190 | PA      | $426763.48    | 0.38%             | 2052-06-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Omnicom Group Inc                                                                                | OMC 4.2 03/02/29                                       | CUSIP: 681919BV7<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | DBT              | CORP              | US        |    154000 | PA      | $152423.40    | 0.14%             | 2029-03-02      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                                          | UNH 3.375 04/15/27                                     | CUSIP: 91324PCY6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    385000 | PA      | $381471.88    | 0.34%             | 2027-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BNY CASH RESERVE                                                                                 | BNY CASH RESERVE                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |       763 | NS      | $762.71       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc                                                                             | CLF 6.875 11/01/29 144A                                | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    135000 | PA      | $134808.75    | 0.12%             | 2029-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FNR 2024-67 FA                                         | CUSIP: 3136BSPM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1098567 | PA      | $1103574.70   | 0.99%             | 2054-09-25      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | T 3.875 03/31/28                                       | CUSIP: 91282CQH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8691400 | PA      | $8704131.51   | 7.78%             | 2028-03-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPM V1.47 09/22/27                                     | CUSIP: 46647PCP9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1082000 | PA      | $1067406.67   | 0.95%             | 2027-09-22      | Fixed         | 1.47%                 | No            |                  2 | On Loan: No      |
| ELMWOOD CLO 19 LTD                                                                               | ELM19 2022-6A AR2                                      | CUSIP: 29004JAW3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $499981.00    | 0.45%             | 2038-10-18      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                                           | FHR 5507 FG                                            | CUSIP: 3137HJPK7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    444832 | PA      | $448925.94    | 0.40%             | 2055-02-25      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| PROVIDENT FUNDING MORTGAGE TRUST 2021-J1                                                         | PFMT 2021-J1 A10                                       | CUSIP: 74387MAK5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $62799.75     | 0.06%             | 2051-10-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| International Business Machines Corp.                                                            | IBM 4 02/03/29                                         | CUSIP: 459200LQ2<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    115000 | PA      | $113850.26    | 0.10%             | 2029-02-03      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sirius Xm Radio LLC                                                                              | SIRI 4 07/15/28 144A                                   | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    140000 | PA      | $135186.28    | 0.12%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST 2022-2                                                    | SDART 2026-1 A3                                        | CUSIP: 80288FAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $248488.63    | 0.22%             | 2030-07-15      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2026-CART                                                                               | BX 2026-CART B                                         | CUSIP: 12433MAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $596421.00    | 0.53%             | 2036-02-15      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FNR 2025-7 FD                                          | CUSIP: 3136BUVT4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   2518051 | PA      | $2522632.87   | 2.25%             | 2054-09-25      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES PASS THROUGH TRUST 2015-2                                                      | AAL 3.6 09/22/27                                       | CUSIP: 02377BAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    165231 | PA      | $163355.59    | 0.15%             | 2027-09-22      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| KSL COMMERCIAL MORTGAGE TRUST 2025-MH                                                            | KSL 2025-MH A                                          | CUSIP: 48268VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $749173.13    | 0.67%             | 2042-12-15      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Carlyle Us Clo 2018-2 LLC                                                                        | CGMS 2020-2A A1R2                                      | CUSIP: 14315GAW5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $499000.50    | 0.45%             | 2035-01-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                                                                         | Neuberger Berman Loan Advisers CLO 47 Ltd              | CUSIP: 64135DAJ4<br>LEI: 549300JRWXK6DFJD7D06 | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $599565.60    | 0.54%             | 2035-04-16      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| GSJP TRUST 2025-BEDS                                                                             | GSJP 2025-BEDS A                                       | CUSIP: 362946AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $497620.50    | 0.44%             | 2042-12-15      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| Salesforce Inc.                                                                                  | CRM 4.65 03/15/29                                      | CUSIP: 79466LAR5<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    193000 | PA      | $193345.55    | 0.17%             | 2029-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Walt Disney Company                                                                              | DIS 2 09/01/29                                         | CUSIP: 254687FL5<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    558000 | PA      | $520084.02    | 0.46%             | 2029-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                                                                                | JNJ 1.3 09/01/30                                       | CUSIP: 478160CQ5<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |    706000 | PA      | $627159.43    | 0.56%             | 2030-09-01      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2025-13                                                                   | SEMT 2025-13 A19                                       | CUSIP: 81750DAU7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    485046 | PA      | $481280.01    | 0.43%             | 2055-12-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                                     | AVGO 3.459 09/15/26                                    | CUSIP: 11135FAN1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    482000 | PA      | $480973.20    | 0.43%             | 2026-09-15      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                                                 | DUK 3.15 08/15/27                                      | CUSIP: 26441CAX3<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   1099000 | PA      | $1082683.47   | 0.97%             | 2027-08-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2017-C1                                                                     | BBCMS 2017-C1 A4                                       | CUSIP: 07332VBD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $495694.10    | 0.44%             | 2050-02-17      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                                                               | BX 2026-CSMO B                                         | CUSIP: 12433LAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $601087.50    | 0.54%             | 2031-02-15      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                        | GS V4.148 01/21/29                                     | CUSIP: 38145GAP5<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    270000 | PA      | $268400.30    | 0.24%             | 2029-01-21      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Magnetite Xxii Ltd / Magnetite Xxii LLC                                                          | MAGNE 2019-22A ARR                                     | CUSIP: 55954HAW2<br>LEI: 5493000081NBXWGGSW23 | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $600153.00    | 0.54%             | 2036-07-15      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| MF1 2025-FL17 LLC                                                                                | MF1 2025-FL17 A                                        | CUSIP: 55287HAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    680000 | PA      | $680451.86    | 0.61%             | 2040-02-21      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                            | CAS 2022-R03 1M2                                       | CUSIP: 20753XAB0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1000000 | PA      | $1019877.00   | 0.91%             | 2042-03-25      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                                      | VZ 2.355 03/15/32                                      | CUSIP: 92343VGN8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    448000 | PA      | $390353.30    | 0.35%             | 2032-03-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc.                                                                               | NWL 6.375 09/15/27                                     | CUSIP: 651229BC9<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    135000 | PA      | $136064.88    | 0.12%             | 2027-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                                  | TDG 6.375 03/01/29 144A                                | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    130000 | PA      | $132150.72    | 0.12%             | 2029-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Swch Commercial Mortgage Trust 2025-Data                                                         | SWCH 2025-DATA A                                       | CUSIP: 78489CAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $296714.22    | 0.27%             | 2042-02-18      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                                 | AMZN 4 03/13/29                                        | CUSIP: 023135DC7<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    193000 | PA      | $191994.00    | 0.17%             | 2029-03-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ozlm XV Ltd / Ozlm XV Ltd                                                                        | OZLM 2016-15A A1R3                                     | CUSIP: 67111DBG0<br>LEI: 5493008RJIODIVVGSK16 | Long             | ABS-CBDO         | CORP              | KY        |    161586 | PA      | $161681.34    | 0.14%             | 2033-04-20      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| LCM 36 LTD                                                                                       | LCM 36A A1R                                            | CUSIP: 50190LAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $598752.60    | 0.53%             | 2034-01-17      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| BSPRT 2025-FL12 ISSUER LLC                                                                       | BSPRT 2025-FL12 A                                      | CUSIP: 05619BAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $499857.30    | 0.45%             | 2043-01-17      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| CIFC FUNDING 2022-IV LTD                                                                         | CIFC 2022-4A AR                                        | CUSIP: 12567WAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $249653.50    | 0.22%             | 2035-07-16      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| OCTAGON INVESTMENT PARTNERS 40 LTD                                                               | OCT40 2019-1A A1RR                                     | CUSIP: 67592BAY4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    375000 | PA      | $374349.00    | 0.33%             | 2035-01-22      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| WHETSTONE PARK CLO LTD                                                                           | WHTPK 2021-1A A2R                                      | CUSIP: 96329YAQ0<br>LEI: 549300M54M5QSBMB3780 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $499315.50    | 0.45%             | 2035-01-22      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills                                                                     | B 0 05/07/26                                           | CUSIP: 912797SP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1050000 | PA      | $1046172.75   | 0.93%             | 2026-05-07      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| LCM 38 LTD                                                                                       | LCM 38A AR2                                            | CUSIP: 50204HBG5<br>LEI: 254900RDBF5Y7Y7J3C43 | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $598807.20    | 0.53%             | 2038-11-04      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| Canadian Pacific Railway Company                                                                 | CP 1.75 12/02/26                                       | CUSIP: 13645RBE3<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    338000 | PA      | $332807.26    | 0.30%             | 2026-12-02      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CARLYLE GROUP INC (THE)                                                                          | CGMS 2017-3A A1R2                                      | CUSIP: 14314FAY4<br>LEI: 529900NGGVF94UK6PG95 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $500431.00    | 0.45%             | 2037-10-21      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2024-11                                                                 | JPMMT 2024-11 A6                                       | CUSIP: 46659AAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    535853 | PA      | $537159.63    | 0.48%             | 2055-04-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | T 3.5 02/28/31                                         | CUSIP: 91282CQD6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2596800 | PA      | $2546892.75   | 2.28%             | 2031-02-28      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                                            | AAL 3.2 06/15/28 AA                                    | CUSIP: 023765AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    139111 | PA      | $135655.36    | 0.12%             | 2028-06-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Stellantis Financial Underwritten EnhanCed Lease Trust 2025-C                                    | SFUEL 2025-CA A3                                       | CUSIP: 85855EAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1195595.28   | 1.07%             | 2029-04-20      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| WIND RIVER 2024-1 CLO LTD                                                                        | WINDR 2024-1A A                                        | CUSIP: 97317AAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500156.00    | 0.45%             | 2037-04-20      | Variable      | 5.27%                 | No            |                  2 | On Loan: No      |
| McGraw-Hill Education Inc.                                                                       | MHED 5.75 08/01/28 144A                                | CUSIP: 57767XAA8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    135000 | PA      | $133446.47    | 0.12%             | 2028-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                   | MS V1.593 05/04/27                                     | CUSIP: 61772BAB9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    481000 | PA      | $479671.33    | 0.43%             | 2027-05-04      | Fixed         | 1.59%                 | No            |                  2 | On Loan: No      |
| American Homes 4 Rent L P                                                                        | AMH 3.625 04/15/32                                     | CUSIP: 02666TAE7<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |    113000 | PA      | $104298.82    | 0.09%             | 2032-04-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| MED COMMERCIAL MORTGAGE TRUST 2024-MOB                                                           | MED 2024-MOB A                                         | CUSIP: 55287BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $496615.70    | 0.44%             | 2041-05-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Inc.                                                                               | IRM 5 07/15/28 144A                                    | CUSIP: 46284VAG6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    135000 | PA      | $133618.90    | 0.12%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPM V4.452 12/05/29                                    | CUSIP: 46647PAX4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    106000 | PA      | $106112.85    | 0.09%             | 2029-12-05      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2025-BCAT                                                           | BOCA 2025-BOCA A                                       | CUSIP: 05619RAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $751701.23    | 0.67%             | 2042-12-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Pacific Life Global Funding II                                                                   | PACLIF 2.45 01/11/32 144A                              | CUSIP: 6944PL2J7<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |     50000 | PA      | $44285.40     | 0.04%             | 2032-01-11      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                               | TMUS 3.375 04/15/29                                    | CUSIP: 87264ABV6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    131000 | PA      | $126979.73    | 0.11%             | 2029-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                   | MS V3.591 07/22/28                                     | CUSIP: 61744YAK4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    187000 | PA      | $184834.47    | 0.17%             | 2028-07-22      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2025-DELC                                                                               | BX 2025-DELC A                                         | CUSIP: 05594MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $501215.25    | 0.45%             | 2042-12-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Advanced Micro Devices Inc.                                                                      | AMD 3.924 06/01/32                                     | CUSIP: 007903BF3<br>LEI: R2I72C950HOYXII45366 | Long             | DBT              | CORP              | US        |    151000 | PA      | $147325.57    | 0.13%             | 2032-06-01      | Fixed         | 3.92%                 | No            |                  2 | On Loan: No      |
| Blackstone Holdings Finance Co. L.L.C.                                                           | BX 1.625 08/05/28 144A                                 | CUSIP: 09261BAC4<br>LEI: 549300D2L6J4NC1QVZ22 | Long             | DBT              | CORP              | US        |    168000 | PA      | $157486.82    | 0.14%             | 2028-08-05      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Match Group Holdings II LLC                                                                      | MTCHII 4.625 06/01/28 144A                             | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    135000 | PA      | $132049.83    | 0.12%             | 2028-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan, Inc.                                                                              | KMI 1.75 11/15/26                                      | CUSIP: 49456BAU5<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    459000 | PA      | $451875.37    | 0.40%             | 2026-11-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| LMNT CRE 2025-FL3                                                                                | LMNT 2025-FL3 A                                        | CUSIP: 50208TAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    750000 | PA      | $752630.74    | 0.67%             | 2043-07-21      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Corporation                                                                    | OMF 3.875 09/15/28                                     | CUSIP: 682691AC4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    140000 | PA      | $133144.54    | 0.12%             | 2028-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| KKR CLO 40 LTD                                                                                   | KKR 40A AR                                             | CUSIP: 48254UAE5<br>LEI: 254900VNK6ZR909DTL30 | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $499803.00    | 0.45%             | 2034-10-20      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| MGM Resorts International                                                                        | MGM 4.75 10/15/28                                      | CUSIP: 552953CH2<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |    135000 | PA      | $132525.32    | 0.12%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-P8                                                      | CGCMT 2017-P8 AS                                       | CUSIP: 17326DAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $474023.40    | 0.42%             | 2050-09-16      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| Outfront Media Capital LLC / Outfront Media Capital Corp                                         | OUT 4.25 01/15/29 144A                                 | CUSIP: 69007TAE4<br>LEI: 5493005WC7J0FDMW0610 | Long             | DBT              | CORP              | US        |    140000 | PA      | $135034.52    | 0.12%             | 2029-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| John Deere Capital Corp.                                                                         | DE 2.35 03/08/27 MTN                                   | CUSIP: 24422EWD7<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    228000 | PA      | $224442.88    | 0.20%             | 2027-03-08      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia                                                                              | BNS V4.247 02/02/30                                    | CUSIP: 06418GAY3<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    155000 | PA      | $153638.78    | 0.14%             | 2030-02-02      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CHASE HOME LENDING MORTGAGE TRUST 2024-7                                                         | CHASE 2024-7 A4                                        | CUSIP: 16159TAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    693579 | PA      | $696583.13    | 0.62%             | 2055-06-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                                    | GOOGL 3.7 02/15/29                                     | CUSIP: 02079KBJ5<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    270000 | PA      | $267729.47    | 0.24%             | 2029-02-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPM V2.069 06/01/29                                    | CUSIP: 46647PCJ3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    187000 | PA      | $177890.07    | 0.16%             | 2029-06-01      | Fixed         | 2.07%                 | No            |                  2 | On Loan: No      |
| American Express Credit Account Master Trust                                                     | AMXCA 2023-2 A                                         | CUSIP: 02582JKB5<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $457107.12    | 0.41%             | 2030-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| TEXTAINER MARINE CONTAINERS VII LTD                                                              | TMCL 2021-2A A                                         | CUSIP: 88315LAQ1<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | BM        |   1061667 | PA      | $1002692.32   | 0.90%             | 2046-04-20      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                                         | T 2.25 02/01/32                                        | CUSIP: 00206RKH4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    450000 | PA      | $393628.52    | 0.35%             | 2032-02-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Abbott Laboratories                                                                              | ABT 4 03/15/31                                         | CUSIP: 002824BS8<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |    110000 | PA      | $108307.17    | 0.10%             | 2031-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                                 | CHTR 5 02/01/28 144A                                   | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $133984.14    | 0.12%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp.                                               | NRUC 2.75 04/15/32                                     | CUSIP: 637432NY7<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    241000 | PA      | $216317.24    | 0.19%             | 2032-04-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                                                                | PNC V4.075 01/26/29                                    | CUSIP: 693475CG8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    155000 | PA      | $154248.82    | 0.14%             | 2029-01-26      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2023-R07                                                     | CAS 2023-R07 2B1                                       | CUSIP: 20753BAF9<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    900000 | PA      | $958264.47    | 0.86%             | 2043-09-25      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| COMM 2018-COR3 MORTGAGE TRUST                                                                    | COMM 2018-COR3 A3                                      | CUSIP: 12595VAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $245353.63    | 0.22%             | 2051-05-12      | Variable      | 4.23%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                                                            | DTV 5.875 08/15/27 144A                                | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $134738.29    | 0.12%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Smyrna Ready Mix Concrete LLC                                                                    | SMYREA 6 11/01/28 144A                                 | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    140000 | PA      | $138941.19    | 0.12%             | 2028-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LQR TRUST 2025-CALI                                                                              | LQR 2025-CALI A                                        | CUSIP: 50216WAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $746243.10    | 0.67%             | 2043-01-15      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST 2022-A                                                          | SMB 2022-A APT                                         | CUSIP: 78450FAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    451818 | PA      | $425021.00    | 0.38%             | 2054-11-16      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Elevation CLO 2021-13 Ltd.                                                                       | AWPT 2021-13A A1R                                      | CUSIP: 28622EAS7<br>LEI: 549300YZ3RIOTSOP0V95 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $499798.50    | 0.45%             | 2034-07-17      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2023-HQA3                                                          | STACR 2023-HQA3 M1                                     | CUSIP: 35564K3G2<br>LEI: 529900ZTXRUUVE8G8W08 | Long             | ABS-O            | USGSE             | US        |    402941 | PA      | $404920.62    | 0.36%             | 2043-11-25      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                                                                | EPD 2.8 01/31/30                                       | CUSIP: 29379VBX0<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    574000 | PA      | $541338.61    | 0.48%             | 2030-01-31      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Acadia Healthcare Company, Inc.                                                                  | ACHC 5.5 07/01/28 144A                                 | CUSIP: 00404AAN9<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |    135000 | PA      | $134528.57    | 0.12%             | 2028-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange Inc                                                                    | ICE 2.1 06/15/30                                       | CUSIP: 45866FAK0<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    366000 | PA      | $332869.99    | 0.30%             | 2030-06-15      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| BENEFIT STREET PARTNERS CLO XXIX LT                                                              | BSP 2022-29A AR                                        | CUSIP: 08186EAL2<br>LEI: 549300DICNUWMUKL3816 | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $498754.00    | 0.45%             | 2038-01-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Primo Water Holdings Inc / Triton Water Holdings Inc.                                            | PRMWCN 4.375 04/30/29 144a                             | CUSIP: 74168RAB9<br>LEI: 9845008F9A5F2E1D4832 | Long             | DBT              | CORP              | US        |    140000 | PA      | $136128.65    | 0.12%             | 2029-04-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Venture Global LNG Inc.                                                                          | VENLNG 8.125 06/01/28 144A                             | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    130000 | PA      | $133010.80    | 0.12%             | 2028-06-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| O'Reilly Automotive Inc.                                                                         | ORLY 3.6 09/01/27                                      | CUSIP: 67103HAF4<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    634000 | PA      | $627736.47    | 0.56%             | 2027-09-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| PCY TRUST 2026-FCMT                                                                              | PCY 2026-FCMT A                                        | CUSIP: 704929AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $754968.45    | 0.67%             | 2041-04-05      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| OCTAGON INVESTMENT PARTNERS 48 LTD                                                               | OCT48 2020-3A A1R2                                     | CUSIP: 67577UAS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500006.50    | 0.45%             | 2038-01-15      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                                              | NEE 4.625 07/15/27                                     | CUSIP: 65339KCH1<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    368000 | PA      | $369336.85    | 0.33%             | 2027-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BENEFIT STREET PARTNERS CLO XV LTD                                                               | BSP 2018-15A A1R                                       | CUSIP: 08179MAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    492500 | PA      | $492689.12    | 0.44%             | 2037-07-15      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| Darling Ingredients, Inc                                                                         | DAR 5.25 04/15/27 144A                                 | CUSIP: 237266AH4<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |    135000 | PA      | $135375.77    | 0.12%             | 2027-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ameren Illinois Company                                                                          | AEE 3.8 05/15/28                                       | CUSIP: 02361DAS9<br>LEI: RC71E2BZ6UOMFPDJSE79 | Long             | DBT              | CORP              | US        |    603000 | PA      | $597438.95    | 0.53%             | 2028-05-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Fiserv Inc.                                                                                      | FISV 5.45 03/02/28                                     | CUSIP: 337738BD9<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    361000 | PA      | $366294.64    | 0.33%             | 2028-03-02      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Cinemark USA Inc.                                                                                | CNK 5.25 07/15/28 144A                                 | CUSIP: 172441BF3<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |    135000 | PA      | $133932.61    | 0.12%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BRAVO RESIDENTIAL FDG TR 2025-NQM4                                                               | BRAVO 2025-NQM4 A1                                     | CUSIP: 10570QAE1<br>LEI: 25490082TY9NA9XBGW19 | Long             | ABS-O            | CORP              | US        |    747201 | PA      | $751363.83    | 0.67%             | 2065-02-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| Nucor Corporation                                                                                | NUE 4.3 05/23/27                                       | CUSIP: 670346AY1<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | DBT              | CORP              | US        |    378000 | PA      | $378492.66    | 0.34%             | 2027-05-23      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust 2016-3                                                       | EART 2024-1A C                                         | CUSIP: 30167PAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    204000 | PA      | $205512.29    | 0.18%             | 2030-05-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                            | BAC V3.593 07/21/28 GMTN                               | CUSIP: 06051GGR4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    576000 | PA      | $569927.17    | 0.51%             | 2028-07-21      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| WISE CLO LTD 2024-2                                                                              | WYZE 2024-2A A                                         | CUSIP: 97718GAA1<br>LEI: 254900UJ1RZE30CBZ497 | Long             | ABS-CBDO         | CORP              | KY        |    375000 | PA      | $375006.75    | 0.33%             | 2037-07-15      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Royalty Pharma PLC                                                                               | RPRX 1.75 09/02/27                                     | CUSIP: 78081BAJ2<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |    534000 | PA      | $514861.16    | 0.46%             | 2027-09-02      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST 2025-D                                                                 | NSLT 2025-DA A1A                                       | CUSIP: 639931AA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    703006 | PA      | $694917.00    | 0.62%             | 2054-08-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                            | BAC V3.419 12/20/28                                    | CUSIP: 06051GHD4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    206000 | PA      | $202430.36    | 0.18%             | 2028-12-20      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| ONNI COMMERCIAL MORTGAGE TRUST 2024-APT                                                          | ONNI 2024-APT A                                        | CUSIP: 682939AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $759777.30    | 0.68%             | 2039-07-15      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                                | WFC V3.526 03/24/28 MTN                                | CUSIP: 95000U2V4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    189000 | PA      | $187372.51    | 0.17%             | 2028-03-24      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| Tenneco LLC                                                                                      | TENINC 8 11/17/28 144A                                 | CUSIP: 880349AU9<br>LEI: 549300U0EXXFAQFAD785 | Long             | DBT              | CORP              | US        |    135000 | PA      | $134552.06    | 0.12%             | 2028-11-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                   | MS V2.475 01/21/28                                     | CUSIP: 61747YEK7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98442.45     | 0.09%             | 2028-01-21      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | GNR 2025-89 FG                                         | CUSIP: 38385GKB4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    334919 | PA      | $337859.56    | 0.30%             | 2055-05-20      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| CASCADES INC / CASCADES USA INC                                                                  | CASCN 5.375 01/15/28 144A                              | CUSIP: 14739LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    135000 | PA      | $133722.05    | 0.12%             | 2028-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Aspire Mortgage Trust 2026-1                                                                     | SPIRE 2026-1 A1                                        | CUSIP: 04539FAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    297821 | PA      | $295973.40    | 0.26%             | 2066-01-25      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| Navient Corporation                                                                              | NAVI 5 03/15/27                                        | CUSIP: 63938CAK4<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    135000 | PA      | $132069.02    | 0.12%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia                                                                              | BNS 2.7 08/03/26                                       | CUSIP: 064159QE9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    548000 | PA      | $545068.64    | 0.49%             | 2026-08-03      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                     | ORCL 3.25 11/15/27                                     | CUSIP: 68389XBN4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    384000 | PA      | $374839.95    | 0.33%             | 2027-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2023-2                                                     | WLAKE 2024-1A B                                        | CUSIP: 96043RAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    148279 | PA      | $148574.55    | 0.13%             | 2027-11-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Avis Budget Car Rental LLC/Avis Budget Finance Inc.                                              | CAR 4.75 04/01/28 144A                                 | CUSIP: 053773BG1<br>LEI: XN8R4HH1TVC1XOCL5P21 | Long             | DBT              | CORP              | US        |    140000 | PA      | $136674.43    | 0.12%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                                      | VZ 4.78 02/15/35                                       | CUSIP: 92343VGY4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    531000 | PA      | $514407.23    | 0.46%             | 2035-02-15      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Ecolab Inc.                                                                                      | ECL 4.8 03/24/30                                       | CUSIP: 278865BE9<br>LEI: 82DYEISM090VG8LTLS26 | Long             | DBT              | CORP              | US        |    486000 | PA      | $494029.33    | 0.44%             | 2030-03-24      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2026-1                                                     | WLAKE 2026-1A A3                                       | CUSIP: 96043BAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    950000 | PA      | $948027.61    | 0.85%             | 2029-07-16      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| Nexstar Media Inc.                                                                               | NXST 4.75 11/01/28 144A                                | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    140000 | PA      | $137664.86    | 0.12%             | 2028-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Royalty Pharma PLC                                                                               | RPRX 2.2 09/02/30                                      | CUSIP: 78081BAK9<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |    393000 | PA      | $353915.15    | 0.32%             | 2030-09-02      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                   | MS V4.238 01/09/30                                     | CUSIP: 61748UAR3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89097.94     | 0.08%             | 2030-01-09      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| GE Vernova Inc.                                                                                  | GEV 4.25 02/04/31                                      | CUSIP: 36828AAA9<br>LEI: 254900DP080RU6OK2553 | Long             | DBT              | CORP              | US        |    115000 | PA      | $113695.43    | 0.10%             | 2031-02-04      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ARES TRUST 2024-IND2                                                                             | ARES1 2024-IND2 A                                      | CUSIP: 04021EAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $450522.54    | 0.40%             | 2034-10-16      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                   | MS V5.466 01/18/35                                     | CUSIP: 61747YFL4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    311000 | PA      | $316310.59    | 0.28%             | 2035-01-18      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                                                                    | ENBCN 1.6 10/04/26                                     | CUSIP: 29250NBH7<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1185000 | PA      | $1169277.98   | 1.04%             | 2026-10-04      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| NYC COMMERCIAL MORTGAGE TRUST 2025-3BP                                                           | NYC 2025-77C B                                         | CUSIP: 67123LAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $496731.40    | 0.44%             | 2036-01-10      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2022-C15                                                                    | BBCMS 2022-C16 A5                                      | CUSIP: 05552YAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $491008.70    | 0.44%             | 2055-06-17      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| FEDEX PASS THROUGH TRUST 2020-1AA                                                                | FDX 1.875 02/20/34                                     | CUSIP: 314353AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    389657 | PA      | $336363.76    | 0.30%             | 2034-02-20      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-01

**Name of Applicant:** Tidal Trust IV

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer