# EDGAR Filing Document

**Accession Number:** 0001699360
**File Stem:** 0002066578-25-001990
**Filing Date:** 2025-12
**Character Count:** 883895
**Document Hash:** 80088ca04bf74f868632109a9a021034
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-25-001990.hdr.sgml**: 20251216

**ACCESSION NUMBER**: 0002066578-25-001990

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251216

**DATE AS OF CHANGE**: 20251216

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Morningstar Funds Trust
- **CENTRAL INDEX KEY:** 0001699360

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23235
- **FILM NUMBER:** 251574351

**BUSINESS ADDRESS:**
- **STREET 1:** 22 W. WASHINGTON STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60602
- **BUSINESS PHONE:** 312-696-6000

**MAIL ADDRESS:**
- **STREET 1:** 22 W. WASHINGTON STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60602

## Series and Classes Contracts Data

### Morningstar Total Return Bond Fund (Series ID: S000057730)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000186141 | Institutional | MSTRX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-23235

- **c. CIK number of Registrant:** 0001699360

- **d. LEI of Registrant:** 254900AE65UZA65M0T82

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

  - **Street Address 1:** 22 W. WASHINGTON STREET

  - **City:** CHICAGO

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60602

  - **Telephone number:** 312-696-6000

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

- **a. Name of Series:** Morningstar Total Return Bond Fund

- **b. EDGAR series identifier (if any):** S000057730

- **c. LEI of Series:** 2549003ESAHXEQHTHU51

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-10-31

**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:** $1218570884.50

**Total Liabilities:** $253669198.31

**Net Assets:** $964901686.19

**Delayed Delivery Securities:** $225565437.39

**Cash Not Reported:** $1649406.14

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 81.339695655391 | **1-Year:** 14060.795461329442 | **5-Year:** 94160.256395489621 | **10-Year:** 111032.734194424158 | **30-Year:** 31370.260167671570

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

- **3-Month:** 15.732640122696 | **1-Year:** 2445.118982977210 | **5-Year:** 5145.083780915296 | **10-Year:** 1463.378673633010 | **30-Year:** 147.506325887939

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000186141 | 1.12%                | 1.12%                | 0.58%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1503125.21              | $6247294.89                                |
| Month 2  | $1505293.21              | $4981809.33                                |
| Month 3  | $1116352.01              | $1288978.64                                |

**Designated Index Information**

- **Index Name:** Bloomberg U.S. Aggregate Bond Index

- **Index Identifier:** XIUSA000MC

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FirstEnergy Corp.                                                                    | FE 2.65 03/01/30                                                                             | CUSIP: 337932AL1<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |      184000 | PA      | $170720.42    | 0.02%             | 2030-03-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V3.109 04/22/51                                                                          | CUSIP: 46647PBN5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |       86000 | PA      | $59885.41     | 0.01%             | 2051-04-22      | Fixed         | 3.11%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GNR 2025-126 AD                                                                              | CUSIP: 38381PXY4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |       53968 | PA      | $53926.85     | 0.01%             | 2065-05-16      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RJ4166                                                                                    | CUSIP: 3142GUTY9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       85598 | PA      | $88127.79     | 0.01%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Lyra Music Assets Del LP                                                             | LYRA 2025-1A A2                                                                              | CUSIP: 552339AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $101097.17    | 0.01%             | 2065-09-20      | Fixed         | 5.60%                 | Yes           |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 3.469 04/15/34                                                                          | CUSIP: 11135FCT6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |      695000 | PA      | $636593.40    | 0.07%             | 2034-04-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BH4095                                                                                    | CUSIP: 3140GSRR5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        7976 | PA      | $7716.64      | 0.00%             | 2047-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BK9818                                                                                    | CUSIP: 3140HP4C8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       12907 | PA      | $13062.42     | 0.00%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA7828                                                                                    | CUSIP: 36179WVV7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       41758 | PA      | $37541.33     | 0.00%             | 2052-01-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA4452                                                                                    | CUSIP: 36179S5M5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       19167 | PA      | $18442.07     | 0.00%             | 2047-05-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| British Airways Pass Through Certificates 2020-1A                                    | IAGLN 4.25 11/15/32 144A                                                                     | CUSIP: 11044MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      339681 | PA      | $333220.91    | 0.03%             | 2032-11-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| HOMES 2025-AFC2 TRUST                                                                | HOMES 2025-AFC2 A1B                                                                          | CUSIP: 43761YAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      740304 | PA      | $744442.79    | 0.08%             | 2060-06-25      | Variable      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| Paramount Global                                                                     | PARA 4.9 08/15/44                                                                            | CUSIP: 124857AK9<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |       21000 | PA      | $16599.79     | 0.00%             | 2044-08-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                                     | PARA 4.6 01/15/45                                                                            | CUSIP: 124857AN3<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |       57000 | PA      | $43319.80     | 0.00%             | 2045-01-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Fideicomiso Fibra Uno Sin Tipo De Sociedad                                           | FUNOTR 7.7 01/23/32 REGS                                                                     | CUSIP: P9401JAB3<br>LEI: 54930011BLQ0JPRBAL73 | Long             | DBT              | CORP              | MX        |      293000 | PA      | $319606.16    | 0.03%             | 2032-01-23      | Fixed         | 7.70%                 | Yes           |                  2 | On Loan: No      |
| Aes Andes S.A                                                                        | AES 6.3 03/15/29 REGS                                                                        | CUSIP: P0091LAA4<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |      301000 | PA      | $311480.52    | 0.03%             | 2029-03-15      | Fixed         | 6.30%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA3333                                                                                    | CUSIP: 31418CV35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        8218 | PA      | $7948.30      | 0.00%             | 2048-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS1133                                                                                    | CUSIP: 3140XGHK8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      268319 | PA      | $258592.86    | 0.03%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Acres 2025-FL3 LLC                                                                   | ACRES 2025-FL3 A                                                                             | CUSIP: 00501DAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      200000 | PA      | $200510.20    | 0.02%             | 2040-08-18      | Floating      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| SURA Asset Management SA                                                             | SUAMSA 6.35 05/13/32 144A                                                                    | CUSIP: 78486LAB8<br>LEI: 549300013ETMS1C0EA22 | Long             | DBT              | CORP              | CO        |      297000 | PA      | $317930.05    | 0.03%             | 2032-05-13      | Fixed         | 6.35%                 | Yes           |                  2 | On Loan: —       |
| Federal Home Loan Mortgage Corp.                                                     | FR SD7552                                                                                    | CUSIP: 3132DVL94<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      500280 | PA      | $432917.81    | 0.04%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA8592                                                                                    | CUSIP: 3140QGRN9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       38581 | PA      | $33493.22     | 0.00%             | 2051-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Uruguay (Republic Of)                                                                | URUGUA 5.1 06/18/50                                                                          | CUSIP: 760942BA9<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |      267641 | PA      | $258139.74    | 0.03%             | 2050-06-18      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR QB1193                                                                                    | CUSIP: 3133A7KE8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       36367 | PA      | $31486.58     | 0.00%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| DIAMETER CAPITAL CLO 10 LTD                                                          | DCLO 2025-10A A                                                                              | CUSIP: 25290BAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      750000 | PA      | $751361.18    | 0.08%             | 2038-04-20      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Secretaria Do Tesouro Nacional                                                       | BLTN 0 04/01/26 LTN                                                                          | CUSIP: P8T60NQH7<br>LEI: N/A                  | Long             | DBT              | NUSS              | BR        |      499000 | PA      | $87696.99     | 0.01%             | 2026-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB2633                                                                                    | CUSIP: 3140QM4T8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      116890 | PA      | $101520.87    | 0.01%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS0026                                                                                    | CUSIP: 3140XFA43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       92299 | PA      | $80449.49     | 0.01%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB2418                                                                                    | CUSIP: 3140QMVL5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       87824 | PA      | $79062.57     | 0.01%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD8213                                                                                    | CUSIP: 3132DWDS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      223161 | PA      | $198506.85    | 0.02%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Discovery Communications, LLC                                                        | WBD 3.95 03/20/28 *                                                                          | CUSIP: 25470DBS7<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |      714000 | PA      | $699613.09    | 0.07%             | 2028-03-20      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR ZN4475                                                                                    | CUSIP: 3131YA6L9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      254463 | PA      | $230963.19    | 0.02%             | 2048-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Kaspi.Kz JSC                                                                         | JSCKSP 6.25 03/26/30 REGS                                                                    | CUSIP: YQ5182411<br>LEI: 2549003YU6FARG8OAZ13 | Long             | DBT              | CORP              | KZ        |      308000 | PA      | $316075.64    | 0.03%             | 2030-03-26      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| REGATTA III FUNDING LTD                                                              | REG32 2025-4A A1                                                                             | CUSIP: 75884AAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      250000 | PA      | $250605.50    | 0.03%             | 2038-07-25      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| DP World Ltd.                                                                        | DPWDU 6.85 07/02/37 REGS                                                                     | CUSIP: M2851HAA2<br>LEI: 549300M3U2DNF4QVSS04 | Long             | DBT              | CORP              | AE        |      280000 | PA      | $322256.79    | 0.03%             | 2037-07-02      | Fixed         | 6.85%                 | Yes           |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 4.3 03/15/45                                                                             | CUSIP: 694308HL4<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |       22000 | PA      | $17704.33     | 0.00%             | 2045-03-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| WarnerMedia Holdings Inc.                                                            | WBD 3.755 03/15/27 *                                                                         | CUSIP: 55903VBL6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     2066000 | PA      | $2045216.04   | 0.21%             | 2027-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                          | VZ 5.401 07/02/37 144A                                                                       | CUSIP: 92343VHA5<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |      191000 | PA      | $193329.66    | 0.02%             | 2037-07-02      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA2754                                                                                    | CUSIP: 36179RBX6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        5408 | PA      | $5069.73      | 0.00%             | 2045-04-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                              | FG Q57853                                                                                    | CUSIP: 3132Y1WP9<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGSE             | US        |       43608 | PA      | $43310.84     | 0.00%             | 2048-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Viper Energy Partners LLC                                                            | VNOM 4.9 08/01/30                                                                            | CUSIP: 92764MAA2<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |      468000 | PA      | $471271.32    | 0.05%             | 2030-08-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                                                 | CCL 5.75 08/01/32 144A                                                                       | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |      215000 | PA      | $220865.78    | 0.02%             | 2032-08-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Equinix, Inc.                                                                        | EQIX 3.9 04/15/32                                                                            | CUSIP: 29444UBU9<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |      246000 | PA      | $236510.97    | 0.02%             | 2032-04-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB2165                                                                                    | CUSIP: 3140QMMP6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      204568 | PA      | $184184.47    | 0.02%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 5.2 07/15/35                                                                            | CUSIP: 11135FCM1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |       33000 | PA      | $33992.84     | 0.00%             | 2035-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| COMM 2025-167G MORTGAGE TRUST                                                        | COMM 2025-167G E                                                                             | CUSIP: 12674VAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       30000 | PA      | $30040.70     | 0.00%             | 2040-08-10      | Variable      | 8.20%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD0297                                                                                    | CUSIP: 3132DMKJ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      233883 | PA      | $226319.72    | 0.02%             | 2050-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB2054                                                                                    | CUSIP: 3140QMH80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      218814 | PA      | $180580.00    | 0.02%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V5.571 04/22/28                                                                          | CUSIP: 46647PEE2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |      409000 | PA      | $417318.47    | 0.04%             | 2028-04-22      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| COMM 2025-167G MORTGAGE TRUST                                                        | COMM 2025-167G A                                                                             | CUSIP: 12674VAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       36000 | PA      | $36147.65     | 0.00%             | 2040-08-10      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Duke Energy Carolinas LLC                                                            | DUK 3.75 06/01/45                                                                            | CUSIP: 26442CAP9<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |      349000 | PA      | $278218.49    | 0.03%             | 2045-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA3384                                                                                    | CUSIP: 31418CXN9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        6826 | PA      | $6601.39      | 0.00%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CENT TRUST 2025-CITY                                                                 | CENT 2025-CITY A                                                                             | CUSIP: 12517TAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      170000 | PA      | $172166.77    | 0.02%             | 2040-07-10      | Variable      | 5.09%                 | Yes           |                  2 | On Loan: No      |
| COMM 2025-167G MORTGAGE TRUST                                                        | COMM 2025-167G F                                                                             | CUSIP: 12674VAN1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       18000 | PA      | $18022.44     | 0.00%             | 2040-08-10      | Variable      | 9.16%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V3.419 12/20/28                                                                          | CUSIP: 06051GHD4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      433000 | PA      | $426304.95    | 0.04%             | 2028-12-20      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| GLP Capital L.P. and GLP Financing II, Inc.                                          | GLPI 5.3 01/15/29                                                                            | CUSIP: 361841AL3<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |       24000 | PA      | $24455.28     | 0.00%             | 2029-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BM5984                                                                                    | CUSIP: 3140JAUJ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      107891 | PA      | $109319.59    | 0.01%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Agricultural Mortgage Corporation                                            | FR QA0639                                                                                    | CUSIP: 31334WV81<br>LEI: 549300MS654K78GYF580 | Long             | ABS-MBS          | USGA              | US        |      109468 | PA      | $104918.93    | 0.01%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM5771                                                                                    | CUSIP: 3140X9MV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        4596 | PA      | $4404.10      | 0.00%             | 2050-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 4.75 02/15/44                                                                            | CUSIP: 694308HH3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |      281000 | PA      | $239903.29    | 0.02%             | 2044-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WarnerMedia Holdings Inc.                                                            | WBD 5.141 03/15/52 *                                                                         | CUSIP: 55903VBU6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |        8000 | PA      | $6080.00      | 0.00%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: —       |
| Government National Mortgage Association                                             | G2 MA5329                                                                                    | CUSIP: 36179T4N2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       50118 | PA      | $46552.88     | 0.00%             | 2048-07-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA5397                                                                                    | CUSIP: 36179T7J8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       10575 | PA      | $9853.99      | 0.00%             | 2048-08-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA3467                                                                                    | CUSIP: 31418CZ98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       42303 | PA      | $40740.34     | 0.00%             | 2048-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD0702                                                                                    | CUSIP: 3132DMX75<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      202993 | PA      | $177552.72    | 0.02%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA6359                                                                                    | CUSIP: 3140QEB50<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      180724 | PA      | $156968.57    | 0.02%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Alabama Power Co.                                                                    | SO 3.75 03/01/45                                                                             | CUSIP: 010392FM5<br>LEI: 0RL818ELFOHP5JHOFU19 | Long             | DBT              | CORP              | US        |       12000 | PA      | $9591.84      | 0.00%             | 2045-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA3415                                                                                    | CUSIP: 31418CYM0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        6760 | PA      | $6537.89      | 0.00%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Grand City Properties SA                                                             | GYCGR V1.5 PERP EMTN                                                                         | CUSIP: L4459YBL3<br>LEI: 5299002QLUYKK2WBMB18 | Long             | DBT              | CORP              | LU        |      100000 | PA      | $113318.77    | 0.01%             | 2049-12-31      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD8205                                                                                    | CUSIP: 3132DWDJ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       68293 | PA      | $58205.86     | 0.01%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD0923                                                                                    | CUSIP: 3132DNAY9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      620958 | PA      | $535892.05    | 0.06%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM5530                                                                                    | CUSIP: 3140X9EC5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        6159 | PA      | $5898.64      | 0.00%             | 2050-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS1463                                                                                    | CUSIP: 3140XGTV1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      273979 | PA      | $264095.23    | 0.03%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RA6397                                                                                    | CUSIP: 3133KNDA8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      198972 | PA      | $172971.77    | 0.02%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GSR Mtg Loan Trust                                                                   | GSR 2007-1F 2A4                                                                              | CUSIP: 3622MPAN8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       35510 | PA      | $77465.63     | 0.01%             | 2037-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA3356                                                                                    | CUSIP: 31418CWS9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        1985 | PA      | $1861.08      | 0.00%             | 2048-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA2708                                                                                    | CUSIP: 3140QAAJ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        9924 | PA      | $9597.08      | 0.00%             | 2048-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BR7802                                                                                    | CUSIP: 3140L6U44<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       88605 | PA      | $73051.94     | 0.01%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM6863                                                                                    | CUSIP: 3140XATV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      106734 | PA      | $88087.29     | 0.01%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                                     | PARA 5.85 09/01/43                                                                           | CUSIP: 92553PAU6<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |       71000 | PA      | $63801.59     | 0.01%             | 2043-09-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                                     | PARA 5.25 04/01/44                                                                           | CUSIP: 92553PAW2<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |       25000 | PA      | $20496.15     | 0.00%             | 2044-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Firstenergy Transmission Llc                                                         | FE 5.45 07/15/44 144A                                                                        | CUSIP: 33767BAA7<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |       79000 | PA      | $77095.44     | 0.01%             | 2044-07-15      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V4.611 04/25/53 MTN                                                                      | CUSIP: 95000U2Z5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |       25000 | PA      | $21940.36     | 0.00%             | 2053-04-25      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| Rockies Express Pipeline LLC                                                         | ROCKIE 6.875 04/15/40 144A                                                                   | CUSIP: 77340RAM9<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |      400000 | PA      | $412419.20    | 0.04%             | 2040-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                     | NRG 2.45 12/02/27 144A                                                                       | CUSIP: 629377CP5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |      350000 | PA      | $335577.42    | 0.03%             | 2027-12-02      | Fixed         | 2.45%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GNR 2021-78 IP                                                                               | CUSIP: 38382TBX1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |      570139 | PA      | $93048.65     | 0.01%             | 2051-05-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V4.897 07/25/33 MTN                                                                      | CUSIP: 95000U3B7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |       18000 | PA      | $18271.77     | 0.00%             | 2033-07-25      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 5.8 09/15/62                                                                            | CUSIP: 87264ACX1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |      301000 | PA      | $300746.37    | 0.03%             | 2062-09-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB6321                                                                                    | CUSIP: 3140QSAX9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      246612 | PA      | $251834.09    | 0.03%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                             | VST 6.95 10/15/33 144A                                                                       | CUSIP: 92840VAQ5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |      173000 | PA      | $192428.85    | 0.02%             | 2033-10-15      | Fixed         | 6.95%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GNR 2021-58 IY                                                                               | CUSIP: 38382RHG6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |      604470 | PA      | $94687.51     | 0.01%             | 2051-02-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FN MA4656                                                                                    | CUSIP: 31418EE63<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       13533 | PA      | $13192.95     | 0.00%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS2040                                                                                    | CUSIP: 3140XHHS9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      275066 | PA      | $224275.61    | 0.02%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Gnma Pass-Thru M Single Family                                                       | G2 MA8149                                                                                    | CUSIP: 36179XBS4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      212065 | PA      | $195962.85    | 0.02%             | 2052-07-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Gnma Pass-Thru M Single Family                                                       | G2 MA8147                                                                                    | CUSIP: 36179XBQ8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      259396 | PA      | $224873.99    | 0.02%             | 2052-07-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM8309                                                                                    | CUSIP: 3140XCGT9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      232339 | PA      | $190978.73    | 0.02%             | 2051-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD7556                                                                                    | CUSIP: 3132DVMD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      231051 | PA      | $207128.79    | 0.02%             | 2052-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Gnma Pass-Thru M Single Family                                                       | G2 MA8266                                                                                    | CUSIP: 36179XFF8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       48697 | PA      | $45074.18     | 0.00%             | 2052-09-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RA9063                                                                                    | CUSIP: 3133KRB86<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      223675 | PA      | $228411.43    | 0.02%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                           | BATSLN 7.079 08/02/43                                                                        | CUSIP: 054989AC2<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |      270000 | PA      | $304373.41    | 0.03%             | 2043-08-02      | Fixed         | 7.08%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 3.625 03/15/32                                                                           | CUSIP: 404119CK3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |       34000 | PA      | $31997.94     | 0.00%             | 2032-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.125 02/29/32                                                                             | CUSIP: 91282CMR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       29000 | PA      | $29462.19     | 0.00%             | 2032-02-29      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.75 04/30/27                                                                              | CUSIP: 91282CMY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      111000 | PA      | $111173.44    | 0.01%             | 2027-04-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines, Inc. Pass Thru Trust                                                | DAL 3.625 07/30/27 15-1                                                                      | CUSIP: 24736XAA6<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | ABS-O            | CORP              | US        |       42285 | PA      | $41697.88     | 0.00%             | 2027-07-30      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| AmFam Holdings Inc.                                                                  | AMFAHI 3.833 03/11/51 144A                                                                   | CUSIP: 03115AAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      200000 | PA      | $134669.59    | 0.01%             | 2051-03-11      | Fixed         | 3.83%                 | Yes           |                  2 | On Loan: No      |
| Cheniere Energy Partners Lp                                                          | CQP 5.55 10/30/35 144A                                                                       | CUSIP: 16411QAV3<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |       50000 | PA      | $51167.71     | 0.01%             | 2035-10-30      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA3173                                                                                    | CUSIP: 36179RQ28<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        5640 | PA      | $5273.88      | 0.00%             | 2045-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Panama (Republic of)                                                                 | PANAMA 3.875 03/17/28                                                                        | CUSIP: 698299BF0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |      200000 | PA      | $195950.00    | 0.02%             | 2028-03-17      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA6636                                                                                    | CUSIP: 3140QELS9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      301181 | PA      | $261358.72    | 0.03%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation UMBS 30Y Fixed                                | FR RA6015                                                                                    | CUSIP: 3133KMVG7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       69981 | PA      | $62833.03     | 0.01%             | 2051-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 2.7 03/15/32                                                                            | CUSIP: 87264ACQ6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |      197000 | PA      | $176297.89    | 0.02%             | 2032-03-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RA3217                                                                                    | CUSIP: 3133KJSE3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       79481 | PA      | $61881.81     | 0.01%             | 2050-08-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                                     | DUK 5 08/15/52                                                                               | CUSIP: 26441CBU8<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |      114000 | PA      | $102966.22    | 0.01%             | 2052-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS1331                                                                                    | CUSIP: 3140XGPR4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      128612 | PA      | $118680.88    | 0.01%             | 2037-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD7555                                                                                    | CUSIP: 3132DVMC6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |        9613 | PA      | $8680.80      | 0.00%             | 2052-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Sabine Pass Liquefaction, LLC                                                        | SPLLLC 5.9 09/15/37                                                                          | CUSIP: 785592AZ9<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |      236291 | PA      | $247526.10    | 0.03%             | 2037-09-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD7549                                                                                    | CUSIP: 3132DVL60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      860112 | PA      | $709833.21    | 0.07%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ATRIUM HOTEL PORTFOLIO TRUST 2024-A                                                  | AHPT 2024-ATRM A                                                                             | CUSIP: 04963XAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      150000 | PA      | $152730.99    | 0.02%             | 2029-11-10      | Variable      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA3736                                                                                    | CUSIP: 36179SEH6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      278180 | PA      | $259856.05    | 0.03%             | 2046-06-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 4 12/01/46                                                                               | CUSIP: 694308HR1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |       91000 | PA      | $68802.44     | 0.01%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BR1615                                                                                    | CUSIP: 3140KYYM0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      231139 | PA      | $189006.33    | 0.02%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD0876                                                                                    | CUSIP: 3132DM6M2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       13286 | PA      | $12855.55     | 0.00%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD8231                                                                                    | CUSIP: 3132DWEC3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       12861 | PA      | $12580.57     | 0.00%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD2760                                                                                    | CUSIP: 3132DQB54<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       85677 | PA      | $88583.12     | 0.01%             | 2053-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V5.933 09/15/27                                                                          | CUSIP: 06051GLV9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      343000 | PA      | $347942.22    | 0.04%             | 2027-09-15      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V5.819 09/15/29                                                                          | CUSIP: 06051GLS6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      140000 | PA      | $146116.25    | 0.02%             | 2029-09-15      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                 | GLENLN 6.375 10/06/30 144A                                                                   | CUSIP: 378272BP2<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |      160000 | PA      | $172566.24    | 0.02%             | 2030-10-06      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GNR 2022-85 IK                                                                               | CUSIP: 38383R2G1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |      337438 | PA      | $57151.09     | 0.01%             | 2051-05-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Southern Co.                                                                         | SO 4.25 07/01/36                                                                             | CUSIP: 842587CW5<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |      128000 | PA      | $119570.48    | 0.01%             | 2036-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                                     | PARA 3.45 10/04/26                                                                           | CUSIP: 92553PBB7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |       84000 | PA      | $82659.26     | 0.01%             | 2026-10-04      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Prosus NV                                                                            | PRXNA 4.193 01/19/32 REGS                                                                    | CUSIP: N7163RAX1<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |      330000 | PA      | $317717.68    | 0.03%             | 2032-01-19      | Fixed         | 4.19%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA6711                                                                                    | CUSIP: 3140QEN57<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       93023 | PA      | $80756.09     | 0.01%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS0496                                                                                    | CUSIP: 3140XFRS2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       54379 | PA      | $52618.81     | 0.01%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA8097                                                                                    | CUSIP: 36179W7J1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      368669 | PA      | $319356.21    | 0.03%             | 2052-06-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS0216                                                                                    | CUSIP: 3140XFG21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       27443 | PA      | $25508.87     | 0.00%             | 2037-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA3376                                                                                    | CUSIP: 36179RXD6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        5789 | PA      | $5412.19      | 0.00%             | 2046-01-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 4.926 05/15/37 144A                                                                     | CUSIP: 11135FBV2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |       30000 | PA      | $29870.57     | 0.00%             | 2037-05-15      | Fixed         | 4.93%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS1335                                                                                    | CUSIP: 3140XGPV5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       29043 | PA      | $28103.15     | 0.00%             | 2050-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EQT Corporation                                                                      | EQT 5.7 04/01/28                                                                             | CUSIP: 26884LAQ2<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |      390000 | PA      | $402744.46    | 0.04%             | 2028-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 5.2 06/01/28                                                                             | CUSIP: 404119CP2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |       99000 | PA      | $101365.37    | 0.01%             | 2028-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RA9625                                                                                    | CUSIP: 3133KRVS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       31741 | PA      | $32222.44     | 0.00%             | 2053-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                 | GLENLN 6.5 10/06/33 144A                                                                     | CUSIP: 378272BQ0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |       70000 | PA      | $77318.48     | 0.01%             | 2033-10-06      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CVS Health Corp                                                                      | CVS 5.125 07/20/45                                                                           | CUSIP: 126650CN8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |       44000 | PA      | $39986.64     | 0.00%             | 2045-07-20      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN 890696                                                                                    | CUSIP: 31410LRR5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       36682 | PA      | $35976.70     | 0.00%             | 2030-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA7597                                                                                    | CUSIP: 3140QFNP0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      207200 | PA      | $180982.94    | 0.02%             | 2050-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners Lp                                                          | CQP 3.25 01/31/32                                                                            | CUSIP: 16411QAN1<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |      385000 | PA      | $351718.42    | 0.04%             | 2032-01-31      | Fixed         | 3.25%                 | No            |                  2 | On Loan: —       |
| Federal Home Loan Mortgage Corp.                                                     | FR SB8507                                                                                    | CUSIP: 3132D6NY2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      123403 | PA      | $114485.03    | 0.01%             | 2036-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GNR 2021-97 LI                                                                               | CUSIP: 38382VHH5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |      731065 | PA      | $123826.44    | 0.01%             | 2050-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V6.07 10/22/27                                                                           | CUSIP: 46647PDW3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |       45000 | PA      | $45803.05     | 0.00%             | 2027-10-22      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| Reynolds American Inc.                                                               | BATSLN 5.85 08/15/45                                                                         | CUSIP: 761713BB1<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |       17000 | PA      | $16852.45     | 0.00%             | 2045-08-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA3310                                                                                    | CUSIP: 36179RVB2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       28668 | PA      | $26769.40     | 0.00%             | 2045-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                                     | PARA 2.9 01/15/27                                                                            | CUSIP: 124857AR4<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |      313000 | PA      | $307440.52    | 0.03%             | 2027-01-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD7539                                                                                    | CUSIP: 3132DVLU7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      172380 | PA      | $142386.70    | 0.01%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB1666                                                                                    | CUSIP: 3140QLZ82<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      271429 | PA      | $234338.32    | 0.02%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA6577                                                                                    | CUSIP: 3140QEJX1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      363213 | PA      | $315062.62    | 0.03%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V4.482 08/23/28                                                                           | CUSIP: 38141GZU1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |      297000 | PA      | $298530.15    | 0.03%             | 2028-08-23      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                           | BATSLN 7.081 08/02/53                                                                        | CUSIP: 054989AD0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |       51000 | PA      | $58297.42     | 0.01%             | 2053-08-02      | Fixed         | 7.08%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB6872                                                                                    | CUSIP: 3140QST68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      455410 | PA      | $467764.66    | 0.05%             | 2053-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VDCM COMMERCIAL MORTGAGE TRUST 2025-AZ                                               | VDCM 2025-AZ A                                                                               | CUSIP: 91825CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1000000 | PA      | $1011108.40   | 0.10%             | 2044-07-13      | Variable      | 5.06%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GNR 2025-1 MT                                                                                | CUSIP: 38385CQG6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |      287692 | PA      | $286969.61    | 0.03%             | 2055-01-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Solventum Corp.                                                                      | SOLV 5.6 03/23/34                                                                            | CUSIP: 83444MAR2<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |      131000 | PA      | $136243.67    | 0.01%             | 2034-03-23      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V5.162 01/24/31                                                                          | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      102000 | PA      | $105319.02    | 0.01%             | 2031-01-24      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Voya CLO 2015-3 Ltd.                                                                 | VOYA 2015-3A A3R4                                                                            | CUSIP: 92913UBN5<br>LEI: 254900MS3D9HONB0N824 | Long             | ABS-CBDO         | CORP              | KY        |      250000 | PA      | $250070.93    | 0.03%             | 2031-10-20      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST 2025-B                                                     | NSLT 2025-BA A1B                                                                             | CUSIP: 64032BAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      228329 | PA      | $229202.58    | 0.02%             | 2055-05-17      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA3027                                                                                    | CUSIP: 31418CLH5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       88083 | PA      | $85557.14     | 0.01%             | 2047-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FirstEnergy Corp.                                                                    | FE 4.85 07/15/47 C                                                                           | CUSIP: 337932AJ6<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |      237000 | PA      | $210564.12    | 0.02%             | 2047-07-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 5.5 06/15/47                                                                             | CUSIP: 404119BV0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |       19000 | PA      | $18247.96     | 0.00%             | 2047-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Textron Inc.                                                                         | TXT 3.375 03/01/28                                                                           | CUSIP: 883203BY6<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | DBT              | CORP              | US        |       37000 | PA      | $36266.65     | 0.00%             | 2028-03-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RA3313                                                                                    | CUSIP: 3133KJVE9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       62262 | PA      | $56085.06     | 0.01%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA7070                                                                                    | CUSIP: 3140QE2C5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       37545 | PA      | $36248.15     | 0.00%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PRPM 2025-5 LLC                                                                      | PRPM 2025-5 A1                                                                               | CUSIP: 69392RAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      782484 | PA      | $782921.04    | 0.08%             | 2030-07-25      | Variable      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 5.2 09/26/35                                                                            | CUSIP: 68389XDM4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |      450000 | PA      | $443162.01    | 0.05%             | 2035-09-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Tennessee Valley Authority                                                           | TVA 4.25 09/15/65                                                                            | CUSIP: 880591ES7<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |     3950000 | PA      | $3313026.63   | 0.34%             | 2065-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PRPM 2025-RCF3 LLC                                                                   | PRPM 2025-RCF3 A1                                                                            | CUSIP: 69392PAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      455016 | PA      | $458152.86    | 0.05%             | 2055-07-25      | Variable      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BM4351                                                                                    | CUSIP: 3140J8ZR7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       38789 | PA      | $38487.21     | 0.00%             | 2048-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ohio Power Company                                                                   | AEP 4 06/01/49                                                                               | CUSIP: 677415CR0<br>LEI: 06ZODLC132CY1O2Y7D77 | Long             | DBT              | CORP              | US        |      147000 | PA      | $114402.79    | 0.01%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HF Sinclair Corp.                                                                    | DINO 5.5 09/01/32                                                                            | CUSIP: 403949AT7<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |      200000 | PA      | $203376.61    | 0.02%             | 2032-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Oneok Inc.                                                                           | OKE 5.4 10/15/35                                                                             | CUSIP: 682680DC4<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |      275000 | PA      | $276013.34    | 0.03%             | 2035-10-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA6994                                                                                    | CUSIP: 36179VXX3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       89667 | PA      | $74651.30     | 0.01%             | 2050-11-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V1.794 02/13/32 MTN                                                                       | CUSIP: 6174468U6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      579000 | PA      | $506383.06    | 0.05%             | 2032-02-13      | Fixed         | 1.79%                 | No            |                  2 | On Loan: No      |
| Equitable America Global Funding                                                     | EQH 4.95 06/09/30 144A                                                                       | CUSIP: 29446Q2B8<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |      400000 | PA      | $407631.89    | 0.04%             | 2030-06-09      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                                  | NRZT 2025-NQM3 A1                                                                            | CUSIP: 64832CAC7<br>LEI: 2138002D8CMDYG7QOU84 | Long             | ABS-O            | CORP              | US        |      724542 | PA      | $731765.64    | 0.08%             | 2065-05-25      | Variable      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| Venture Global Plaquemines Lng LLC                                                   | VEGLPL 6.75 01/15/36 144A                                                                    | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |      200000 | PA      | $211822.20    | 0.02%             | 2036-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Kinder Morgan Energy Partners LP                                                     | KMI 5.8 03/15/35                                                                             | CUSIP: 494550AT3<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |      320000 | PA      | $336318.08    | 0.03%             | 2035-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2025-5                                                    | VERUS 2025-5 A3                                                                              | CUSIP: 92540XAC5<br>LEI: 213800Z7TIVJRAYLRV98 | Long             | ABS-O            | CORP              | US        |      762951 | PA      | $765824.79    | 0.08%             | 2070-06-25      | Variable      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| SCG COMMERICAL MORTGAGE TRUST 2025-FLWR                                              | SCG 2025-FLWR A                                                                              | CUSIP: 78438AAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       48000 | PA      | $48015.00     | 0.00%             | 2030-08-15      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| Duke Energy Corp                                                                     | DUK 3.95 08/15/47                                                                            | CUSIP: 26441CAY1<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |       88000 | PA      | $69430.37     | 0.01%             | 2047-08-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Baltimore Gas & Electric Company                                                     | EXC 3.75 08/15/47 *                                                                          | CUSIP: 059165EJ5<br>LEI: 88V8C2WYSOD1SPSSLH72 | Long             | DBT              | CORP              | US        |       30000 | PA      | $23523.11     | 0.00%             | 2047-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SL0305                                                                                    | CUSIP: 31427MKT7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       40207 | PA      | $41395.05     | 0.00%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RJ3896                                                                                    | CUSIP: 3142GUKJ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       40704 | PA      | $41907.10     | 0.00%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AOA TRUST 2025-1301                                                                  | AOA 2025-1301 F                                                                              | CUSIP: 682461AN8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      183000 | PA      | $184835.82    | 0.02%             | 2030-08-11      | Variable      | 8.10%                 | Yes           |                  2 | On Loan: No      |
| MSCI Inc.                                                                            | MSCI 5.25 09/01/35                                                                           | CUSIP: 55354GAR1<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |      175000 | PA      | $175633.00    | 0.02%             | 2035-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BJ4916                                                                                    | CUSIP: 3140H6PA1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       52446 | PA      | $49183.50     | 0.01%             | 2048-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Mong Duong Finance Holdings B V                                                      | MONDFI 5.125 05/07/29 REGS                                                                   | CUSIP: N6000DAA1<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |      169400 | PA      | $167705.90    | 0.02%             | 2029-05-07      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Sabine Pass Liquefaction, LLC                                                        | SPLLLC 5 03/15/27                                                                            | CUSIP: 785592AS5<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |      355000 | PA      | $357045.09    | 0.04%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Midwest Connector Capital Company LLC                                                | MWXCAP 4.625 04/01/29 144A                                                                   | CUSIP: 59833CAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      330000 | PA      | $331362.25    | 0.03%             | 2029-04-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| SoftBank Corp                                                                        | SOBKCO 5.332 07/09/35 144A                                                                   | CUSIP: 83405KAB8<br>LEI: 353800M1YCTS9JRBJ535 | Long             | DBT              | CORP              | JP        |      350000 | PA      | $353555.50    | 0.04%             | 2035-07-09      | Fixed         | 5.33%                 | Yes           |                  2 | On Loan: No      |
| American National Group Inc.                                                         | ANGINC 5 06/15/27                                                                            | CUSIP: 025676AM9<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |      495000 | PA      | $497976.81    | 0.05%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                               | FHR 5499 B                                                                                   | CUSIP: 3137HJWE3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |      766786 | PA      | $777479.08    | 0.08%             | 2053-07-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Reynolds American Inc.                                                               | BATSLN 8.125 05/01/40 *                                                                      | CUSIP: 761713BV7<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |      205000 | PA      | $245431.85    | 0.03%             | 2040-05-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| FirstEnergy Corp.                                                                    | FE 3.9 07/15/27 B                                                                            | CUSIP: 337932AH0<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |       86000 | PA      | $85462.04     | 0.01%             | 2027-07-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.25 12/31/26                                                                              | CUSIP: 91282CME8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      156000 | PA      | $156920.16    | 0.02%             | 2026-12-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.625 02/15/35                                                                             | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      149000 | PA      | $155425.63    | 0.02%             | 2035-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                               | FHR 5564 CA                                                                                  | CUSIP: 3137HMCR9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |      288713 | PA      | $289007.81    | 0.03%             | 2052-02-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley ABS Capital I Inc                                                     | MSAC 2007-HE2 A2B                                                                            | CUSIP: 61753EAB6<br>LEI: 549300RLSHIMYD3FZB52 | Long             | ABS-O            | CORP              | US        |     1758508 | PA      | $809739.84    | 0.08%             | 2037-01-25      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 4.625 02/15/55                                                                             | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       19000 | PA      | $18860.47     | 0.00%             | 2055-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: —       |
| United States Treasury Notes                                                         | T 4.5 12/31/31                                                                               | CUSIP: 91282CMC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      529100 | PA      | $548548.56    | 0.06%             | 2031-12-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Viper Energy Inc.                                                                    | VNOM 5.375 11/01/27 144A                                                                     | CUSIP: 92763MAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      822000 | PA      | $822000.00    | 0.09%             | 2027-11-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD0496                                                                                    | CUSIP: 3132DMRR8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      622648 | PA      | $571717.80    | 0.06%             | 2047-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PFP 2025-12 LTD/LLC                                                                  | PFP 2025-12 A                                                                                | CUSIP: 69382JAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     1500000 | PA      | $1502077.95   | 0.16%             | 2042-12-18      | Floating      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| QTS ISSUER ABS I, LLLC                                                               | QTS 2025-1A A2                                                                               | CUSIP: 74690DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1600000 | PA      | $1623068.32   | 0.17%             | 2055-05-25      | Fixed         | 5.44%                 | Yes           |                  2 | On Loan: No      |
| Plains All American Pipeline L.P.                                                    | PAA 4.7 06/15/44                                                                             | CUSIP: 72650RBE1<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |      100000 | PA      | $85503.10     | 0.01%             | 2044-06-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Southwestern Public Service Company                                                  | XEL 3.7 08/15/47                                                                             | CUSIP: 845743BR3<br>LEI: OL6FE7QD5EQ3DOYEO258 | Long             | DBT              | CORP              | US        |     1150000 | PA      | $874425.17    | 0.09%             | 2047-08-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS7428                                                                                    | CUSIP: 3140XPHE2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       67378 | PA      | $68536.61     | 0.01%             | 2054-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB6742                                                                                    | CUSIP: 3140QSP47<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       60746 | PA      | $61849.64     | 0.01%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Australia & New Zealand Banking Group Ltd.                                           | ANZ V2.57 11/25/35 144A                                                                      | CUSIP: 052528AM8<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |      380000 | PA      | $340470.93    | 0.04%             | 2035-11-25      | Fixed         | 2.57%                 | Yes           |                  2 | On Loan: No      |
| Nippon Life Insurance Co.                                                            | NIPLIF V2.75 01/21/51 144A                                                                   | CUSIP: 654579AH4<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |     1190000 | PA      | $1076600.38   | 0.11%             | 2051-01-21      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Northern Institutional Funds                                                         | Northern Institutional Funds TREAS PRT PRMR                                                  | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |         481 | NS      | $480.76       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ATRIUM HOTEL PORTFOLIO TRUST 2025-A                                                  | AHPT 2025-ATRM F                                                                             | CUSIP: 049917AL1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       53000 | PA      | $53019.62     | 0.01%             | 2030-08-15      | Floating      | 9.53%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                              | FR RJ1274                                                                                    | CUSIP: 3142GRMY3<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGA              | US        |       82968 | PA      | $85191.15     | 0.01%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Essendi SA                                                                           | ACCINV 5.625 05/15/32 REGS                                                                   | CUSIP: L0926ZAE0<br>LEI: 2221000MD2YP7WLTNC52 | Long             | DBT              | CORP              | LU        |      100000 | PA      | $119984.38    | 0.01%             | 2032-05-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| PARK BLUE CLO 2022-II LTD/LLC                                                        | PKBLU 2025-9A A1                                                                             | CUSIP: 70019UAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      250000 | PA      | $250502.55    | 0.03%             | 2038-10-20      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 3.419 04/15/33                                                                          | CUSIP: 11135FCU3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |      241000 | PA      | $224726.89    | 0.02%             | 2033-04-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust 2024-Nqm3                                        | NRZT 2024-NQM3 B1                                                                            | CUSIP: 647910AG3<br>LEI: 213800HBIGZVLLQA9I67 | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $101670.02    | 0.01%             | 2064-11-25      | Variable      | 7.14%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS9378                                                                                    | CUSIP: 3140XRM44<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      134659 | PA      | $120117.68    | 0.01%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| STORE Capital Corp.                                                                  | STOR 2.75 11/18/30                                                                           | CUSIP: 862121AC4<br>LEI: 5493004EA6C9IHDZ7N66 | Long             | DBT              | CORP              | US        |       98000 | PA      | $89168.02     | 0.01%             | 2030-11-18      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA8387                                                                                    | CUSIP: 3140QGJ99<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      274748 | PA      | $259623.87    | 0.03%             | 2035-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB6916                                                                                    | CUSIP: 3140QSVJ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       35782 | PA      | $36349.90     | 0.00%             | 2053-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Firstenergy Transmission Llc                                                         | FE 4.75 01/15/33 144a                                                                        | CUSIP: 33767BAJ8<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |      276000 | PA      | $275711.85    | 0.03%             | 2033-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| AmFam Holdings Inc.                                                                  | AMFAHI 2.805 03/11/31 144A                                                                   | CUSIP: 03115AAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      390000 | PA      | $339148.37    | 0.04%             | 2031-03-11      | Fixed         | 2.81%                 | Yes           |                  2 | On Loan: No      |
| Prudential Financial, Inc.                                                           | PRU V3.7 10/01/50                                                                            | CUSIP: 744320BH4<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |      360000 | PA      | $335353.50    | 0.03%             | 2050-10-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| AGL CLO 42 LTD /LLC                                                                  | AGL 2025-42A A1                                                                              | CUSIP: 00791YAA6<br>LEI: 254900AMSJHVKQ5QFA09 | Long             | ABS-CBDO         | CORP              | KY        |      250000 | PA      | $250489.00    | 0.03%             | 2038-07-22      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| COLT 2025-7 MORTGAGE LOAN TRUST                                                      | COLT 2025-7 A1                                                                               | CUSIP: 19689CAA9<br>LEI: 213800DOQUYA3TO33M98 | Long             | ABS-O            | CORP              | US        |      111611 | PA      | $112352.98    | 0.01%             | 2070-06-25      | Variable      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA6818                                                                                    | CUSIP: 36179VSF8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      618449 | PA      | $514750.46    | 0.05%             | 2050-08-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FN MA4570                                                                                    | CUSIP: 31418ECG3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      586830 | PA      | $510100.09    | 0.05%             | 2042-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V2.687 04/22/32                                                                          | CUSIP: 06051GJT7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      234000 | PA      | $213841.07    | 0.02%             | 2032-04-22      | Fixed         | 2.69%                 | No            |                  2 | On Loan: —       |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                        | CHTR 4.5 05/01/32                                                                            | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      150000 | PA      | $133411.46    | 0.01%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2025-5                                                    | VERUS 2025-5 A2                                                                              | CUSIP: 92540XAB7<br>LEI: 213800Z7TIVJRAYLRV98 | Long             | ABS-O            | CORP              | US        |      762951 | PA      | $766694.33    | 0.08%             | 2070-06-25      | Variable      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| American National Group Inc.                                                         | ANGINC 6 07/15/35                                                                            | CUSIP: 025676AQ0<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |       75000 | PA      | $76193.30     | 0.01%             | 2035-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA4511                                                                                    | CUSIP: 36179TAL9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       81581 | PA      | $78495.93     | 0.01%             | 2047-06-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                                     | PARA 3.375 02/15/28                                                                          | CUSIP: 124857AT0<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |       57000 | PA      | $55573.80     | 0.01%             | 2028-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                              | FR RJ1783                                                                                    | CUSIP: 3142GR6V7<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGA              | US        |      151744 | PA      | $156083.85    | 0.02%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GCAT 2025-NQM4 TRUST                                                                 | GCAT 2025-NQM4 A1                                                                            | CUSIP: 367923AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      164345 | PA      | $165772.72    | 0.02%             | 2070-06-25      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 3.75 08/15/41                                                                              | CUSIP: 912810QS0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1029000 | PA      | $940409.53    | 0.10%             | 2041-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA7419                                                                                    | CUSIP: 36179WG44<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      295304 | PA      | $265676.39    | 0.03%             | 2051-06-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FN MA4465                                                                                    | CUSIP: 31418D6B3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     1776163 | PA      | $1449976.60   | 0.15%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2-30YR-Multi                                                                                | CUSIP: 21H0306B5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      861000 | PA      | $773554.69    | 0.08%             | 2049-12-31      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 3.625 08/15/43                                                                             | CUSIP: 912810RC4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1009600 | PA      | $887817.00    | 0.09%             | 2043-08-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| EQT Corporation                                                                      | EQT 3.9 10/01/27                                                                             | CUSIP: 26884LAF6<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |      608000 | PA      | $603423.36    | 0.06%             | 2027-10-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Carbone CLO, Limited / Carbone CLO LLC                                               | CRBN 2017-1A A1                                                                              | CUSIP: 141312AA6<br>LEI: 5493005I53NEC017LN87 | Long             | ABS-CBDO         | CORP              | KY        |       23915 | PA      | $23936.03     | 0.00%             | 2031-01-20      | Floating      | 5.99%                 | Yes           |                  2 | On Loan: No      |
| AT&T Inc                                                                             | T 3.8 12/01/57                                                                               | CUSIP: 00206RMN9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |      257000 | PA      | $181441.74    | 0.02%             | 2057-12-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                 | GLENLN 2.625 09/23/31 144A                                                                   | CUSIP: 378272BG2<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |       22000 | PA      | $19762.32     | 0.00%             | 2031-09-23      | Fixed         | 2.62%                 | Yes           |                  2 | On Loan: No      |
| Gartner Inc.                                                                         | IT 4.5 07/01/28 144A                                                                         | CUSIP: 366651AC1<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |      659000 | PA      | $653581.02    | 0.07%             | 2028-07-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FN MA4181                                                                                    | CUSIP: 31418DUF7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      182880 | PA      | $141478.09    | 0.01%             | 2050-11-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| HOTWIRE FUNDING LLC                                                                  | HWIRE 2024-1A A2                                                                             | CUSIP: 44148JAH2<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |      800000 | PA      | $812292.16    | 0.08%             | 2054-06-20      | Fixed         | 5.89%                 | Yes           |                  2 | On Loan: No      |
| Mizuho Financial Group Inc.                                                          | MIZUHO V5.323 07/08/36                                                                       | CUSIP: 60687YDM8<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |      850000 | PA      | $876561.96    | 0.09%             | 2036-07-08      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 3.95 06/30/62                                                                           | CUSIP: 161175CG7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |      679000 | PA      | $420446.04    | 0.04%             | 2062-06-30      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BQ6334                                                                                    | CUSIP: 3140KSBC0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       32863 | PA      | $26889.24     | 0.00%             | 2050-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RA6388                                                                                    | CUSIP: 3133KNCZ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      478672 | PA      | $414563.78    | 0.04%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB2854                                                                                    | CUSIP: 3140QNE40<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       57528 | PA      | $49951.31     | 0.01%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2023-2                                                    | VERUS 2023-2 B1                                                                              | CUSIP: 92539DAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $100386.18    | 0.01%             | 2068-03-25      | Variable      | 7.44%                 | Yes           |                  2 | On Loan: No      |
| IRB Infrastructure Developers Ltd.                                                   | IRBIN 7.11 03/11/32 REGS                                                                     | CUSIP: Y41784AL6<br>LEI: 335800XGO3AITGW6AK27 | Long             | DBT              | CORP              | IN        |      400000 | PA      | $416288.67    | 0.04%             | 2032-03-11      | Fixed         | 7.11%                 | Yes           |                  2 | On Loan: No      |
| Westpac Banking Corp.                                                                | WSTP 3.133 11/18/41                                                                          | CUSIP: 961214EY5<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |      470000 | PA      | $357850.76    | 0.04%             | 2041-11-18      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Burlington Stores                                                                    | Burlington Stores Term Loan B-7 175 2031-09-08                                               | CUSIP: 121575AL8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      795980 | PA      | $794650.61    | 0.08%             | 2031-09-19      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                              | FR RJ1231                                                                                    | CUSIP: 3142GRLM0<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGA              | US        |       29761 | PA      | $30582.50     | 0.00%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes 2016-FL1 Ltd.                              | ARCREN 2025-FL1 A                                                                            | CUSIP: 03881KAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      180000 | PA      | $180023.80    | 0.02%             | 2042-08-20      | Floating      | 5.39%                 | Yes           |                  2 | On Loan: No      |
| Safehold GL Holdings LLC                                                             | SAFE 5.65 01/15/35                                                                           | CUSIP: 785931AB2<br>LEI: 54930012UY5Z4Q8NL108 | Long             | DBT              | CORP              | US        |      330000 | PA      | $337085.69    | 0.03%             | 2035-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| DT Midstream Inc                                                                     | DTMINC 5.8 12/15/34 144A                                                                     | CUSIP: 23345MAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      360000 | PA      | $371886.85    | 0.04%             | 2034-12-15      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| Dai-ichi Life Insurance Co. Ltd. (The)                                               | DAIL V6.2 PERP 144A                                                                          | CUSIP: 23381LAA2<br>LEI: 3538001235ACEIORUV72 | Long             | DBT              | CORP              | JP        |      330000 | PA      | $346491.42    | 0.04%             | 2049-12-31      | Fixed         | 6.20%                 | Yes           |                  2 | On Loan: —       |
| HF Sinclair Corp.                                                                    | DINO 6.25 01/15/35                                                                           | CUSIP: 403949AS9<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |      330000 | PA      | $345013.90    | 0.04%             | 2035-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Corporacion Nacional del Cobre de Chile                                              | CDEL 6.78 01/13/55 144A                                                                      | CUSIP: 21987BBM9<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |      300000 | PA      | $328050.00    | 0.03%             | 2055-01-13      | Fixed         | 6.78%                 | Yes           |                  2 | On Loan: No      |
| Aaset 2025-1 Ltd / Aaset 2025-1 LLC                                                  | AASET 2025-1A A                                                                              | CUSIP: 00258PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      256738 | PA      | $261266.29    | 0.03%             | 2050-02-16      | Fixed         | 5.94%                 | Yes           |                  2 | On Loan: No      |
| BEIGNET INV LLC                                                                      | RPLDCI 6.581 05/30/49 144A                                                                   | CUSIP: 076912AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1285000 | PA      | $1370719.01   | 0.14%             | 2049-05-30      | Fixed         | 6.58%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA3448                                                                                    | CUSIP: 31418CZN7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       10989 | PA      | $11146.29     | 0.00%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jupiter Mortgage No.1 Plc                                                            | JUPIT 1X DR                                                                                  | CUSIP: G5210VAR0<br>LEI: 6354009QIELPOGEAFS09 | Long             | ABS-O            | CORP              | GB        |      100000 | PA      | $132852.00    | 0.01%             | 2055-07-20      | Floating      | 6.97%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD0520                                                                                    | CUSIP: 3132DMSH9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      165196 | PA      | $159034.28    | 0.02%             | 2050-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA7312                                                                                    | CUSIP: 36179WDR6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      500901 | PA      | $433756.24    | 0.04%             | 2051-04-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA4384                                                                                    | CUSIP: 36179S2R7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       89069 | PA      | $88932.43     | 0.01%             | 2047-04-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA3239                                                                                    | CUSIP: 31418CS54<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       38811 | PA      | $37541.59     | 0.00%             | 2048-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Duke Energy Progress LLC                                                             | DUK 5.55 03/15/55                                                                            | CUSIP: 26442UAV6<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |       76000 | PA      | $76652.86     | 0.01%             | 2055-03-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| FNA 8 LLC                                                                            | FNH 2025-1 A                                                                                 | CUSIP: 30340WAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       87287 | PA      | $87738.25     | 0.01%             | 2045-03-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Tennessee Valley Authority                                                           | TVA 4.625 09/15/60                                                                           | CUSIP: 880591EJ7<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |       50000 | PA      | $45866.96     | 0.00%             | 2060-09-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| FedEx Corporation                                                                    | FDX 4.75 11/15/45                                                                            | CUSIP: 31428XBE5<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |      400000 | PA      | $346160.74    | 0.04%             | 2045-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V5.042 07/19/30                                                                           | CUSIP: 61747YFS9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     1053000 | PA      | $1080412.24   | 0.11%             | 2030-07-19      | Fixed         | 5.04%                 | No            |                  2 | On Loan: —       |
| JPMorgan Chase & Co.                                                                 | JPM V5.294 07/22/35                                                                          | CUSIP: 46647PEK8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |      157000 | PA      | $162348.46    | 0.02%             | 2035-07-22      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                              | BPCEGP V2.277 01/20/32 144A                                                                  | CUSIP: 05583JAJ1<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |     1200000 | PA      | $1058537.77   | 0.11%             | 2032-01-20      | Fixed         | 2.28%                 | Yes           |                  2 | On Loan: No      |
| Telus Corp.                                                                          | TCN V6.625 10/15/55 **                                                                       | CUSIP: 87971MCL5<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | DBT              | CORP              | CA        |      150000 | PA      | $154747.04    | 0.02%             | 2055-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2025-NQM4                                        | NRZT 2025-NQM4 A1                                                                            | CUSIP: 64832FAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       96064 | PA      | $96590.20     | 0.01%             | 2065-07-25      | Variable      | 5.35%                 | Yes           |                  2 | On Loan: No      |
| Cameron LNG LLC                                                                      | CAMLNG 3.402 01/15/38 144A                                                                   | CUSIP: 133434AC4<br>LEI: 549300C39FLHGVD73K22 | Long             | DBT              | CORP              | US        |      447000 | PA      | $390689.10    | 0.04%             | 2038-01-15      | Fixed         | 3.40%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                               | FHR 5571 BA                                                                                  | CUSIP: 3137HMEB2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |      669671 | PA      | $670663.98    | 0.07%             | 2051-10-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd.                                                                  | MQGAU V5.642 08/13/36 144A                                                                   | CUSIP: 556079AG6<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |      950000 | PA      | $966925.21    | 0.10%             | 2036-08-13      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V1.593 05/04/27                                                                           | CUSIP: 61772BAB9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      163000 | PA      | $160793.36    | 0.02%             | 2027-05-04      | Fixed         | 1.59%                 | No            |                  2 | On Loan: No      |
| NGPL Pipe Co LLC                                                                     | NGPLCO 3.25 07/15/31 144A                                                                    | CUSIP: 62928CAA0<br>LEI: 549300K3NT1HSQFEM073 | Long             | DBT              | CORP              | US        |      446000 | PA      | $406217.63    | 0.04%             | 2031-07-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| BIRCH GROVE CLO 13 LTD                                                               | BGCLO 2025-13A A1                                                                            | CUSIP: 09090QAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      250000 | PA      | $250615.68    | 0.03%             | 2038-10-23      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| AOA TRUST 2025-1301                                                                  | AOA 2025-1301 E                                                                              | CUSIP: 682461AL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       13000 | PA      | $13134.15     | 0.00%             | 2030-08-11      | Variable      | 7.24%                 | Yes           |                  2 | On Loan: No      |
| Telus Corp.                                                                          | TCN V7 10/15/55                                                                              | CUSIP: 87971MCM3<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | DBT              | CORP              | CA        |      150000 | PA      | $160004.25    | 0.02%             | 2055-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| GOLUB CAPITAL PARTNERS CLO 54M-R LTD                                                 | GOCAP 2021-54A A2R                                                                           | CUSIP: 38181GAC9<br>LEI: 2549007JA1TZWEDGPD41 | Long             | ABS-CBDO         | CORP              | US        |      800000 | PA      | $802104.00    | 0.08%             | 2037-08-05      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FG G67715                                                                                    | CUSIP: 3132XCSC0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       85225 | PA      | $84663.11     | 0.01%             | 2048-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Voyager Grnpt                                                                        | VOOML 2009-1 SAA7                                                                            | CUSIP: 92911BAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      159360 | PA      | $34611.93     | 0.00%             | 2038-02-25      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| VEGAS 2024-GCS                                                                       | VEGAS 2024-GCS D                                                                             | CUSIP: 92254BAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      330000 | PA      | $326514.77    | 0.03%             | 2036-07-10      | Variable      | 6.42%                 | Yes           |                  2 | On Loan: No      |
| HOMES 2025-NQM4 TRUST                                                                | HOMES 2025-NQM4 A3                                                                           | CUSIP: 403958AE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      987139 | PA      | $990800.20    | 0.10%             | 2070-08-25      | Variable      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA4510                                                                                    | CUSIP: 36179TAK1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       29863 | PA      | $27929.15     | 0.00%             | 2047-06-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BXP Trust 2017-CC                                                                    | BXP 2017-GM D                                                                                | CUSIP: 056083AL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      370000 | PA      | $356400.17    | 0.04%             | 2039-06-13      | Variable      | 3.42%                 | Yes           |                  2 | On Loan: No      |
| MFA 2025-NQM3 TRUST                                                                  | MFRA 2025-NQM3 A1                                                                            | CUSIP: 58004LAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      233115 | PA      | $233758.09    | 0.02%             | 2070-08-25      | Variable      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RA9850                                                                                    | CUSIP: 3133KR5K6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       56935 | PA      | $57800.09     | 0.01%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ATRIUM HOTEL PORTFOLIO TRUST 2025-A                                                  | AHPT 2025-ATRM A                                                                             | CUSIP: 049917AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       49000 | PA      | $49105.36     | 0.01%             | 2030-08-15      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST 2025-B                                                     | NSLT 2025-BA D                                                                               | CUSIP: 64032BAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $100128.34    | 0.01%             | 2055-05-17      | Fixed         | 6.04%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Xxxiv Ltd.                                                      | MDPK 2025-73A B                                                                              | CUSIP: 55823HAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      250000 | PA      | $250395.83    | 0.03%             | 2038-10-17      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO XX Ltd.                                                  | BSP 2020-20A ARR                                                                             | CUSIP: 08182FAY5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      250000 | PA      | $250450.00    | 0.03%             | 2037-07-15      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA4586                                                                                    | CUSIP: 36179TCX1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       65499 | PA      | $61034.64     | 0.01%             | 2047-07-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA3182                                                                                    | CUSIP: 31418CRC0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       93028 | PA      | $87471.65     | 0.01%             | 2047-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| STORE MASTER FDG I-VII 2021-1                                                        | STR 2021-1A A4                                                                               | CUSIP: 86190BAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      293500 | PA      | $260372.95    | 0.03%             | 2051-06-20      | Fixed         | 3.70%                 | Yes           |                  2 | On Loan: No      |
| GCAT 2025-NQM2 TRUST                                                                 | GCAT 2025-NQM2 A3                                                                            | CUSIP: 36171HAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      717137 | PA      | $723962.21    | 0.08%             | 2070-04-25      | Variable      | 6.01%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CC0872                                                                                    | CUSIP: 3140Y66J4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       59290 | PA      | $60823.91     | 0.01%             | 2055-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                                                   | MO 5.25 08/06/35                                                                             | CUSIP: 02209SBV4<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |      100000 | PA      | $100855.36    | 0.01%             | 2035-08-06      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corporation                                                         | NOC 4.03 10/15/47                                                                            | CUSIP: 666807BP6<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |      206000 | PA      | $169087.90    | 0.02%             | 2047-10-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                              | MPLX 5.4 09/15/35                                                                            | CUSIP: 55336VCC2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |      525000 | PA      | $527168.99    | 0.05%             | 2035-09-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Iqvia Inc                                                                            | IQV 6.25 06/01/32 144A                                                                       | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |      700000 | PA      | $729586.20    | 0.08%             | 2032-06-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| JCP DIRECT LENDING CLO 2023-1 LTD                                                    | JCPDL 2023-1A AJR                                                                            | CUSIP: 46656TAU0<br>LEI: 254900B78BA7J8JB6X59 | Long             | ABS-CBDO         | CORP              | US        |     1000000 | PA      | $1004528.50   | 0.10%             | 2037-07-20      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| WELLINGTON MANAGEMENT CLO 5 LTD                                                      | WELLI 2025-5A A                                                                              | CUSIP: 94957NAA3<br>LEI: 213800J6I7L5KYTPNH51 | Long             | ABS-CBDO         | CORP              | KY        |      250000 | PA      | $250568.75    | 0.03%             | 2038-10-18      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RA9274                                                                                    | CUSIP: 3133KRJT2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       34314 | PA      | $34821.38     | 0.00%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CROSS 2025-H6 MORTGAGE TRUST                                                         | CROSS 2025-H6 A2                                                                             | CUSIP: 22758TAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      390323 | PA      | $391201.03    | 0.04%             | 2070-07-25      | Variable      | 5.54%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB5498                                                                                    | CUSIP: 3140QRDC4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       15661 | PA      | $16273.02     | 0.00%             | 2053-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB6868                                                                                    | CUSIP: 3140QST27<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      120481 | PA      | $122558.32    | 0.01%             | 2053-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Orlen SA                                                                             | PKNPW 6 01/30/35 REGS                                                                        | CUSIP: X5920UAA1<br>LEI: 259400VVMM70CQREJT74 | Long             | DBT              | CORP              | PL        |      300000 | PA      | $316891.90    | 0.03%             | 2035-01-30      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD8059                                                                                    | CUSIP: 3132DV5U5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       66398 | PA      | $65368.06     | 0.01%             | 2050-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Worldline SA                                                                         | WLNFP 0.875 06/30/27 EMTN                                                                    | CUSIP: F9867TBB8<br>LEI: 549300CJMQNCA0U4TS33 | Long             | DBT              | CORP              | FR        |      100000 | PA      | $100343.97    | 0.01%             | 2027-06-30      | Fixed         | 0.88%                 | Yes           |                  2 | On Loan: No      |
| ATRIUM HOTEL PORTFOLIO TRUST 2025-A                                                  | AHPT 2025-ATRM G                                                                             | CUSIP: 049917AN7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       11000 | PA      | $11003.90     | 0.00%             | 2030-08-15      | Floating      | 10.78%                | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS4659                                                                                    | CUSIP: 3140XLE95<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       74793 | PA      | $75882.47     | 0.01%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EQT Corporation                                                                      | EQT 3.125 05/15/26 144A                                                                      | CUSIP: 26884LAM1<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |      268000 | PA      | $265547.77    | 0.03%             | 2026-05-15      | Fixed         | 3.12%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FN MA4494                                                                                    | CUSIP: 31418D7G1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      198577 | PA      | $177317.84    | 0.02%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2025-52 GA                                                                               | CUSIP: 3136BWWS1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |      694374 | PA      | $695617.23    | 0.07%             | 2053-01-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mortimer 2025-1 PLC                                                                  | MORTI 2025-1 X                                                                               | CUSIP: G6281NAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | GB        |      130000 | PA      | $171818.78    | 0.02%             | 2070-09-22      | Floating      | 7.84%                 | Yes           |                  2 | On Loan: No      |
| MILE Trust 2025-STNE                                                                 | MILE 2025-STNE B                                                                             | CUSIP: 59918AAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      850000 | PA      | $851055.11    | 0.09%             | 2030-07-15      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust 2022-NQM3                                            | BRAVO 2024-NQM6 A3                                                                           | CUSIP: 05613JAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      632931 | PA      | $634376.74    | 0.07%             | 2064-08-01      | Variable      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FN MA4119                                                                                    | CUSIP: 31418DSH6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      110095 | PA      | $90246.69     | 0.01%             | 2050-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA7073                                                                                    | CUSIP: 3140QE2F8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        9364 | PA      | $8959.78      | 0.00%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RA9439                                                                                    | CUSIP: 3133KRPY4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       44096 | PA      | $44809.35     | 0.00%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PRPM 2025-3 LLC                                                                      | PRPM 2025-3 A1                                                                               | CUSIP: 74449DAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      733208 | PA      | $734485.52    | 0.08%             | 2030-05-25      | Variable      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| PFP 2025-12 LTD/LLC                                                                  | PFP 2025-12 AS                                                                               | CUSIP: 69382JAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     1000000 | PA      | $1000457.30   | 0.10%             | 2042-12-18      | Floating      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| EQT Corporation                                                                      | EQT 5.5 07/15/28                                                                             | CUSIP: 26884LAV1<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |       31000 | PA      | $31175.08     | 0.00%             | 2028-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V2.666 01/29/31                                                                            | CUSIP: 172967ML2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |      135000 | PA      | $125816.97    | 0.01%             | 2031-01-29      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                                  | NEE 4.685 09/01/27                                                                           | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |      120000 | PA      | $121295.79    | 0.01%             | 2027-09-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| BHMS COMMERCIAL MORTGAGE TRUST 2025-ATLS                                             | BHMS 2025-ATLS A                                                                             | CUSIP: 088928AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       97000 | PA      | $97242.50     | 0.01%             | 2042-08-15      | Floating      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| FirstEnergy Corp.                                                                    | FE 3.4 03/01/50 C                                                                            | CUSIP: 337932AM9<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |      579000 | PA      | $405483.99    | 0.04%             | 2050-03-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                           | BATSLN 5.282 04/02/50                                                                        | CUSIP: 05526DBQ7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |      243000 | PA      | $221863.10    | 0.02%             | 2050-04-02      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS1522                                                                                    | CUSIP: 3140XGVQ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       55374 | PA      | $49593.49     | 0.01%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS1520                                                                                    | CUSIP: 3140XGVN6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       34761 | PA      | $31338.40     | 0.00%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM7495                                                                                    | CUSIP: 3140XBKH2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       54080 | PA      | $50321.86     | 0.01%             | 2036-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS3742                                                                                    | CUSIP: 3140XKEQ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      468032 | PA      | $407711.20    | 0.04%             | 2042-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB6094                                                                                    | CUSIP: 3140QRXY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      123169 | PA      | $127447.51    | 0.01%             | 2053-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB6329                                                                                    | CUSIP: 3140QSA76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      195947 | PA      | $202753.95    | 0.02%             | 2053-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC.                                                               | FABSJV 5.875 01/25/34                                                                        | CUSIP: 350930AA1<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |      270000 | PA      | $278772.55    | 0.03%             | 2034-01-25      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS1267                                                                                    | CUSIP: 3140XGMR7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       47389 | PA      | $45572.31     | 0.00%             | 2052-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD1952                                                                                    | CUSIP: 3132DPEZ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       35109 | PA      | $33934.28     | 0.00%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB1430                                                                                    | CUSIP: 3140QLSU1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       53893 | PA      | $51440.06     | 0.01%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB1425                                                                                    | CUSIP: 3140QLSP2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       33084 | PA      | $32061.26     | 0.00%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA2469                                                                                    | CUSIP: 3140Q9W74<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       19639 | PA      | $18975.86     | 0.00%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD0519                                                                                    | CUSIP: 3132DMSG1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      368681 | PA      | $332925.90    | 0.03%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Frontier Communications Holdings Llc                                                 | FYBR 5.875 11/01/29                                                                          | CUSIP: 35908MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      174260 | PA      | $176255.80    | 0.02%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| Equinix, Inc.                                                                        | EQIX 2.5 05/15/31                                                                            | CUSIP: 29444UBS4<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |      547000 | PA      | $494104.94    | 0.05%             | 2031-05-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2025-68 CA                                                                               | CUSIP: 3136BWL61<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |      422001 | PA      | $422786.79    | 0.04%             | 2053-01-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                                                                  | D V6.2 02/15/56                                                                              | CUSIP: 25746UEA3<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |      225000 | PA      | $227529.25    | 0.02%             | 2056-02-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Wamu Asset-Backed                                                                    | WMHE 2007-HE2 2A3                                                                            | CUSIP: 92926SAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     8727917 | PA      | $3164701.60   | 0.33%             | 2037-04-25      | Floating      | 4.36%                 | No            |                  2 | On Loan: No      |
| Cars Db4 LP                                                                          | CAUTO 2020-1A A6                                                                             | CUSIP: 12510HAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      244531 | PA      | $231051.76    | 0.02%             | 2050-02-15      | Fixed         | 3.81%                 | Yes           |                  2 | On Loan: No      |
| PMT LOAN TRUST 2025-INV8                                                             | PMTLT 2025-INV8 A7                                                                           | CUSIP: 73015EAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      871160 | PA      | $888170.91    | 0.09%             | 2056-07-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| EQT Corporation                                                                      | EQT 6.5 07/01/27                                                                             | CUSIP: 26884LAT6<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |      225000 | PA      | $230282.65    | 0.02%             | 2027-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM1680                                                                                    | CUSIP: 3140X42N5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       50839 | PA      | $48811.48     | 0.01%             | 2033-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Ohio Power Company                                                                   | AEP 2.6 04/01/30 P                                                                           | CUSIP: 677415CS8<br>LEI: 06ZODLC132CY1O2Y7D77 | Long             | DBT              | CORP              | US        |       18000 | PA      | $16770.78     | 0.00%             | 2030-04-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                                     | PARA 4.95 01/15/31                                                                           | CUSIP: 92556HAB3<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |      175000 | PA      | $171601.77    | 0.02%             | 2031-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 4.95 07/01/50                                                                            | CUSIP: 694308JN8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |      148000 | PA      | $127389.86    | 0.01%             | 2050-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ALLETE INC 5.79%                                                                     | ALLETE INC 5.79%                                                                             | CUSIP: 01599AET5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      300000 | PA      | $300000.00    | 0.03%             | 2037-07-09      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                               | FHR 5566 EA                                                                                  | CUSIP: 3137HMHR4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |      726163 | PA      | $725936.97    | 0.08%             | 2051-11-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Corporation                                                        | OMF 6.125 05/15/30                                                                           | CUSIP: 682691AL4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |      350000 | PA      | $354116.00    | 0.04%             | 2030-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB6340                                                                                    | CUSIP: 3140QSBJ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       43068 | PA      | $44833.37     | 0.00%             | 2053-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Equinix, Inc.                                                                        | EQIX 3 07/15/50                                                                              | CUSIP: 29444UBJ4<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |       52000 | PA      | $34075.67     | 0.00%             | 2050-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD0894                                                                                    | CUSIP: 3132DM7F6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      204148 | PA      | $169900.44    | 0.02%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MFA 2024-NPL1 LLC                                                                    | MFRA 2024-NPL1 A1                                                                            | CUSIP: 58004YAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       90054 | PA      | $90158.37     | 0.01%             | 2062-10-25      | Variable      | 6.33%                 | Yes           |                  2 | On Loan: No      |
| MCR Trust 2024-Hf1                                                                   | MCR 2024-HF1 A                                                                               | CUSIP: 55287FAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      328000 | PA      | $328717.50    | 0.03%             | 2041-12-15      | Floating      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| Biocon Biologics Global PLC                                                          | BIOLIN 6.67 10/09/29 REGs                                                                    | CUSIP: G11185AA6<br>LEI: 254900PMQN51VACG2D55 | Long             | DBT              | CORP              | US        |      200000 | PA      | $197761.84    | 0.02%             | 2029-10-09      | Fixed         | 6.67%                 | Yes           |                  2 | On Loan: No      |
| Figre Trust 2023-HE1                                                                 | FIGRE 2025-PF1 A                                                                             | CUSIP: 316922AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      707970 | PA      | $717552.76    | 0.07%             | 2055-06-25      | Variable      | 5.76%                 | Yes           |                  2 | On Loan: No      |
| EVERCORE INC 5.47%                                                                   | EVERCORE INC 5.47%                                                                           | CUSIP: 02099AJX4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      800000 | PA      | $825330.76    | 0.09%             | 2032-07-24      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| GCAT 2025-NQM4 TRUST                                                                 | GCAT 2025-NQM4 A2                                                                            | CUSIP: 367923AD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      483367 | PA      | $486745.10    | 0.05%             | 2070-06-25      | Variable      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| Eagle Funding Luxco S.a.r.l.                                                         | MEXPCP 5.5 08/17/30 144A                                                                     | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | CORP              | LU        |      450000 | PA      | $457155.00    | 0.05%             | 2030-08-17      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2025-65 BA                                                                               | CUSIP: 3136BWU53<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |      751010 | PA      | $751015.79    | 0.08%             | 2053-11-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB1426                                                                                    | CUSIP: 3140QLSQ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       35997 | PA      | $34845.86     | 0.00%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Expand Energy Corp.                                                                  | EXE 5.375 03/15/30                                                                           | CUSIP: 845467AS8<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |      219000 | PA      | $222228.99    | 0.02%             | 2030-03-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PECO Energy Co.                                                                      | EXC 2.85 09/15/51                                                                            | CUSIP: 693304BC0<br>LEI: YH65D4JBECK76IFEJ279 | Long             | DBT              | CORP              | US        |       59000 | PA      | $38118.00     | 0.00%             | 2051-09-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| LENDMARK FUNDING TRUST 2025-1                                                        | LFT 2025-1A A                                                                                | CUSIP: 52604QAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      145000 | PA      | $146531.97    | 0.02%             | 2034-09-20      | Fixed         | 4.94%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB6884                                                                                    | CUSIP: 3140QSUJ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       61875 | PA      | $64344.71     | 0.01%             | 2053-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                     | FN FA2772                                                                                    | CUSIP: 3140W3CJ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     1287632 | PA      | $1064757.49   | 0.11%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                              | FR ZS4751                                                                                    | CUSIP: 3132A5H40<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGA              | US        |       56295 | PA      | $52793.52     | 0.01%             | 2048-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                        | CHTR 4.25 01/15/34 144A                                                                      | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      118000 | PA      | $99087.38     | 0.01%             | 2034-01-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V2.699 01/22/31 GMTN                                                                      | CUSIP: 6174468L6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |       18000 | PA      | $16849.52     | 0.00%             | 2031-01-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Duke Energy Ohio Inc.                                                                | DUK 2.125 06/01/30                                                                           | CUSIP: 26442EAH3<br>LEI: L6KC0HABGHNFU1Z6QY21 | Long             | DBT              | CORP              | US        |      249000 | PA      | $227912.72    | 0.02%             | 2030-06-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK Financing I PLC                                                           | VMED 5.625 04/15/32 REGS                                                                     | CUSIP: G9444PAH5<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |      100000 | PA      | $117548.76    | 0.01%             | 2032-04-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V4.643 05/07/28                                                                            | CUSIP: 172967PZ8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |      125000 | PA      | $125811.77    | 0.01%             | 2028-05-07      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR ZT1353                                                                                    | CUSIP: 3132ADQE1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       58095 | PA      | $54625.18     | 0.01%             | 2048-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BM6019                                                                                    | CUSIP: 3140JAVM7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       91981 | PA      | $90678.22     | 0.01%             | 2034-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BO7302                                                                                    | CUSIP: 3140K3DG4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       44760 | PA      | $44098.50     | 0.00%             | 2050-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Softbank Group Corp.                                                                 | SOFTBK 5.25 10/10/29                                                                         | CUSIP: J7596PBX6<br>LEI: 5493003BZYYYCDIO0R13 | Long             | DBT              | CORP              | JP        |      100000 | PA      | $119642.99    | 0.01%             | 2029-10-10      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB1427                                                                                    | CUSIP: 3140QLSR8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       59735 | PA      | $57655.58     | 0.01%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                             | T 3.65 09/15/59                                                                              | CUSIP: 00206RLV2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |      601000 | PA      | $407230.50    | 0.04%             | 2059-09-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Froneri Lux Finco S.a r.l.                                                           | ICECR 4.75 08/01/32 REGS                                                                     | CUSIP: L40637AB3<br>LEI: 9845005YBZ75E5AA3B94 | Long             | DBT              | CORP              | LU        |      100000 | PA      | $117758.34    | 0.01%             | 2032-08-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GNR 2025-117 NB                                                                              | CUSIP: 38381NQ50<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |      645655 | PA      | $652310.36    | 0.07%             | 2052-03-20      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V4.952 05/07/31                                                                            | CUSIP: 172967QA2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |      170000 | PA      | $173415.78    | 0.02%             | 2031-05-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Prime Investment Partners Ltd.                                                       | Prime Investment Partners Ltd. SNR NTS USD (144A)                                            | CUSIP: 74167YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |      113574 | PA      | $113353.16    | 0.01%             | 2030-05-01      | Fixed         |  | Yes           |                  2 | On Loan: No      |
| DK TRUST 2025-LXP                                                                    | DK 2025-LXP A                                                                                | CUSIP: 23292LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       44000 | PA      | $44041.25     | 0.00%             | 2037-08-15      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RA9868                                                                                    | CUSIP: 3133KR6D1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       20136 | PA      | $20930.72     | 0.00%             | 2053-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STREAM INNOVATIONS 2025-1 ISSUER TRUST                                               | STRE 2025-1A A                                                                               | CUSIP: 86324XAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       81661 | PA      | $82284.46     | 0.01%             | 2045-09-15      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA8641                                                                                    | CUSIP: 3140QGS73<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       35365 | PA      | $34330.32     | 0.00%             | 2051-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Peru (Republic Of)                                                                   | PERU 6.85 08/12/35 REGS                                                                      | CUSIP: P78024BA6<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |      832000 | PA      | $261024.00    | 0.03%             | 2035-08-12      | Fixed         | 6.85%                 | Yes           |                  2 | On Loan: No      |
| EQT Corporation                                                                      | EQT 4.75 01/15/31                                                                            | CUSIP: 26884LBD0<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |     1781000 | PA      | $1782635.15   | 0.18%             | 2031-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| Verizon Communications Inc.                                                          | VZ 4.78 02/15/35                                                                             | CUSIP: 92343VGY4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |      130000 | PA      | $127377.39    | 0.01%             | 2035-02-15      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR ZA2471                                                                                    | CUSIP: 31329KW83<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |        4601 | PA      | $4354.37      | 0.00%             | 2037-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| EQT Corporation                                                                      | EQT 7 02/01/30                                                                               | CUSIP: 26884LAG4<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |      428000 | PA      | $464510.46    | 0.05%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Panama (Republic of)                                                                 | PANAMA 4.5 04/01/56                                                                          | CUSIP: 698299BM5<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |      247000 | PA      | $188337.50    | 0.02%             | 2056-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA7535                                                                                    | CUSIP: 36179WLQ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      633609 | PA      | $569965.23    | 0.06%             | 2051-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Targa Resources Partners LP/Targa Resources Finance Corp.                            | TRGP 4.875 02/01/31                                                                          | CUSIP: 87612BBS0<br>LEI: 6OQWTZ1SPC04IFT4T704 | Long             | DBT              | CORP              | US        |      261000 | PA      | $261603.66    | 0.03%             | 2031-02-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA8635                                                                                    | CUSIP: 3140QGSZ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       31623 | PA      | $30663.57     | 0.00%             | 2051-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                             | T 3.5 09/15/53                                                                               | CUSIP: 00206RKJ0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |      311000 | PA      | $212811.60    | 0.02%             | 2053-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Bluemountain Fuji US CLO I Ltd.                                                      | BLUEM 2017-2A A1AR                                                                           | CUSIP: 09629EAL5<br>LEI: 549300XC3G26BPOECZ28 | Long             | ABS-CBDO         | CORP              | KY        |       63461 | PA      | $63502.47     | 0.01%             | 2030-10-20      | Floating      | 5.15%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB1431                                                                                    | CUSIP: 3140QLSV9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       58788 | PA      | $56135.06     | 0.01%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 3.7 04/01/51                                                                            | CUSIP: 161175BV5<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |       33000 | PA      | $21570.70     | 0.00%             | 2051-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Elevance Health Inc.                                                                 | ELV 3.125 05/15/50                                                                           | CUSIP: 036752AM5<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |       42000 | PA      | $27988.62     | 0.00%             | 2050-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB1428                                                                                    | CUSIP: 3140QLSS6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       31024 | PA      | $29836.34     | 0.00%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA8636                                                                                    | CUSIP: 3140QGS24<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       19579 | PA      | $18962.13     | 0.00%             | 2051-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ministerio de Hacienda y Credito Publico                                             | COLTES 6.25 07/09/36 B                                                                       | CUSIP: P6S32JV23<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  3877900000 | PA      | $683047.19    | 0.07%             | 2036-07-09      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Pinnacle West Capital Corp.                                                          | PNW 5.15 05/15/30                                                                            | CUSIP: 723484AN1<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |      294000 | PA      | $302964.13    | 0.03%             | 2030-05-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Melco Resorts Finance Limited                                                        | MPEL 5.75 07/21/28 REGS                                                                      | CUSIP: G5975LAF3<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |      200000 | PA      | $199032.78    | 0.02%             | 2028-07-21      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| India Green Power Holdings                                                           | INGPHL 4 02/22/27 REGS                                                                       | CUSIP: V4819LAA0<br>LEI: 254900I7N0GT4VVL6V29 | Long             | DBT              | CORP              | MU        |      216650 | PA      | $210949.66    | 0.02%             | 2027-02-22      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB1429                                                                                    | CUSIP: 3140QLST4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       53655 | PA      | $51436.76     | 0.01%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                           | AMGN 3 01/15/52                                                                              | CUSIP: 031162DC1<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |       43000 | PA      | $28563.44     | 0.00%             | 2052-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Japan (Government Of)                                                                | JGB 2.4 03/20/55 86                                                                          | CUSIP: J2S39L7Y4<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |    84100000 | PA      | $475118.76    | 0.05%             | 2055-03-20      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V5.464 05/09/36                                                                          | CUSIP: 06051GMW6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      207000 | PA      | $216560.52    | 0.02%             | 2036-05-09      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| HOMES TR 2025-NQM2                                                                   | HOMES 2025-NQM2 A1                                                                           | CUSIP: 403966AA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       91394 | PA      | $91795.15     | 0.01%             | 2070-02-25      | Variable      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V1.922 10/24/31 MTN                                                                      | CUSIP: 06051GJL4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |       87000 | PA      | $77413.49     | 0.01%             | 2031-10-24      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| Huntington National Bank of Ohio                                                     | HACLN 2025-2 B2                                                                              | CUSIP: 44644NAP4<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | ABS-O            | CORP              | US        |      223827 | PA      | $223907.42    | 0.02%             | 2033-09-20      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Retained Vantage Data Centers Issuer LLC / Vantage Data Centers Cda Qc4 Ltd.         | VDCR 2025-1A A2A                                                                             | CUSIP: 76134KAM6<br>LEI: 254900N4NW6XZ9B4HM15 | Long             | ABS-O            | CORP              | US        |      128000 | PA      | $128537.22    | 0.01%             | 2050-08-15      | Fixed         | 5.09%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V5.174 09/11/36                                                                            | CUSIP: 172967QH7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |       55000 | PA      | $55684.44     | 0.01%             | 2036-09-11      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| Vici Properties Inc                                                                  | VICI 3.75 02/15/27 144A                                                                      | CUSIP: 92564RAD7<br>LEI: 254900RKH6RY9KCJQH63 | Long             | DBT              | CORP              | US        |      385000 | PA      | $381242.35    | 0.04%             | 2027-02-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD8082                                                                                    | CUSIP: 3132DV6T7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      202437 | PA      | $156529.75    | 0.02%             | 2050-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Bellis Acquisition Co PLC                                                            | ASSDLN 8 07/01/31 REGS                                                                       | CUSIP: G30074BB6<br>LEI: 259400CYE2267UB4A481 | Long             | DBT              | CORP              | GB        |      100000 | PA      | $117269.29    | 0.01%             | 2031-07-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: —       |
| MG AZALEA LP TL 6.45%                                                                | MG AZALEA LP TL 6.45%                                                                        | CUSIP: 55299BHE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1270682 | PA      | $1270682.10   | 0.13%             | 2032-06-24      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FN MA4917                                                                                    | CUSIP: 31418EPB0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        3330 | PA      | $3246.27      | 0.00%             | 2053-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SB0510                                                                                    | CUSIP: 3132CWR71<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       40638 | PA      | $36708.92     | 0.00%             | 2036-04-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2025-69 DA                                                                               | CUSIP: 3136BWB21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |      887869 | PA      | $888712.16    | 0.09%             | 2051-10-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                                                                  | D V6 02/15/56 **                                                                             | CUSIP: 25746UDZ9<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |      150000 | PA      | $151959.30    | 0.02%             | 2056-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 6.75 01/15/53                                                                            | CUSIP: 694308KH9<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |      158000 | PA      | $170658.76    | 0.02%             | 2053-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BX4207                                                                                    | CUSIP: 3140N8U97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       41803 | PA      | $42113.45     | 0.00%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EQT AB                                                                               | EQTSS 5.85 05/08/35 144A                                                                     | CUSIP: 29439EAA7<br>LEI: 213800U7P9GOIRKCTB34 | Long             | DBT              | CORP              | SE        |      320000 | PA      | $328009.81    | 0.03%             | 2035-05-08      | Fixed         | 5.85%                 | Yes           |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST 2025-5                                                        | SEMT 2025-5 A5                                                                               | CUSIP: 81743GAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      836908 | PA      | $839001.29    | 0.09%             | 2055-06-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| AGL CLO 42 LTD /LLC                                                                  | AGL 2025-42A B                                                                               | CUSIP: 00791YAE8<br>LEI: 254900AMSJHVKQ5QFA09 | Long             | ABS-CBDO         | CORP              | KY        |     2800000 | PA      | $2803836.00   | 0.29%             | 2038-07-22      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| GCAT 2025-NQM2 TRUST                                                                 | GCAT 2025-NQM2 A1                                                                            | CUSIP: 36171HAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1434274 | PA      | $1445943.39   | 0.15%             | 2070-04-25      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.75 05/31/30                                                                              | CUSIP: 91282CHF1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1046000 | PA      | $1048369.84   | 0.11%             | 2030-05-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| Federal National Mortgage Association                                                | FN CB6757                                                                                    | CUSIP: 3140QSQK0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      227376 | PA      | $235274.77    | 0.02%             | 2053-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FONTAINEBLEAU MIAMI BEACH 2024                                                       | FMBT 2024-FBLU G                                                                             | CUSIP: 34461WAN0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $101046.76    | 0.01%             | 2029-12-15      | Floating      | 9.68%                 | Yes           |                  2 | On Loan: No      |
| Atos SE                                                                              | ATOFP 9 12/18/29 REGS                                                                        | CUSIP: F04805ET4<br>LEI: 5493001EZOOA66PTBR68 | Long             | DBT              | CORP              | FR        |      100000 | PA      | $131898.24    | 0.01%             | 2029-12-18      | Variable      | 9.00%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY CAP 2021-230P                                                         | MSC 2021-230P B                                                                              | CUSIP: 61772WAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       10000 | PA      | $9300.00      | 0.00%             | 2038-12-15      | Floating      | 5.60%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                        | F 5.918 03/20/28                                                                             | CUSIP: 345397G72<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |      200000 | PA      | $204343.62    | 0.02%             | 2028-03-20      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| American Tower Corporation                                                           | AMT 5.35 03/15/35                                                                            | CUSIP: 03027XCP3<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |      473000 | PA      | $486138.46    | 0.05%             | 2035-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| GLP Capital L.P. and GLP Financing II, Inc.                                          | GLPI 5.25 02/15/33                                                                           | CUSIP: 361841AV1<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |      210000 | PA      | $209872.95    | 0.02%             | 2033-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD7084                                                                                    | CUSIP: 3132DU2R7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       72305 | PA      | $74441.66     | 0.01%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 5.2 04/15/32                                                                            | CUSIP: 11135FCG4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |      181000 | PA      | $188308.72    | 0.02%             | 2032-04-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners Lp                                                          | CQP 5.75 08/15/34                                                                            | CUSIP: 16411QAS0<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |      184000 | PA      | $191254.69    | 0.02%             | 2034-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V5.14 01/24/31                                                                           | CUSIP: 46647PEV4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |      249000 | PA      | $257275.60    | 0.03%             | 2031-01-24      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB2836                                                                                    | CUSIP: 3140QNEJ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       78781 | PA      | $65306.53     | 0.01%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ACRA TRUST 2024-NQM1                                                                 | ACRA 2024-NQM1 A1                                                                            | CUSIP: 00112EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      147658 | PA      | $148267.94    | 0.02%             | 2064-10-25      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Huntington National Bank of Ohio                                                     | HACLN 2024-2 B2                                                                              | CUSIP: 44644NAH2<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | ABS-O            | CORP              | US        |      146832 | PA      | $147261.63    | 0.02%             | 2032-10-20      | Floating      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Sonoco Products Company                                                              | SON 5 09/01/34                                                                               | CUSIP: 835495AS1<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |      340000 | PA      | $335688.00    | 0.03%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| CVS Health Corp                                                                      | CVS 6.2 09/15/55                                                                             | CUSIP: 126650EL0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |       50000 | PA      | $51355.82     | 0.01%             | 2055-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Viper Energy Partners LLC                                                            | VNOM 5.7 08/01/35                                                                            | CUSIP: 92764MAB0<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |      325000 | PA      | $331381.38    | 0.03%             | 2035-08-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB8154                                                                                    | CUSIP: 3140QUBY1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      221102 | PA      | $227202.82    | 0.02%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SL3070                                                                                    | CUSIP: 31427QMU3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      203186 | PA      | $185517.06    | 0.02%             | 2050-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AEP Transmission Company, LLC                                                        | AEP 3.15 09/15/49                                                                            | CUSIP: 00115AAL3<br>LEI: 549300X123Z1I0LA3Y84 | Long             | DBT              | CORP              | US        |      211000 | PA      | $146389.54    | 0.02%             | 2049-09-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD8298                                                                                    | CUSIP: 3132DWGF4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       47301 | PA      | $46292.52     | 0.00%             | 2053-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS0288                                                                                    | CUSIP: 3140XFKA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       16430 | PA      | $13457.71     | 0.00%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 4.8 03/01/50                                                                            | CUSIP: 161175BT0<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |      171000 | PA      | $133819.42    | 0.01%             | 2050-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                               | STANLN V4.644 04/01/31 144A                                                                  | CUSIP: 853254BS8<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |      214000 | PA      | $215419.55    | 0.02%             | 2031-04-01      | Fixed         | 4.64%                 | Yes           |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                       | MEX 6.35 02/09/35                                                                            | CUSIP: 91087BAV2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |      280000 | PA      | $295988.00    | 0.03%             | 2035-02-09      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BX6108                                                                                    | CUSIP: 3140NAYE7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      187271 | PA      | $190403.40    | 0.02%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Benchmark 2020-B21 Mortgage Trust                                                    | BMARK 2020-B21 A5                                                                            | CUSIP: 08163LAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       16000 | PA      | $14089.36     | 0.00%             | 2053-12-17      | Variable      | 1.98%                 | No            |                  2 | On Loan: No      |
| Last Mile Securities Pe 2021 Designated Activity Company                             | LMILE 2021-1X D                                                                              | CUSIP: G5S82ZAF2<br>LEI: 635400UJZKP57EXKMQ33 | Long             | ABS-O            | CORP              | IE        |      194960 | PA      | $225116.68    | 0.02%             | 2031-08-17      | Floating      | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Northern Institutional Funds                                                         | Northern Institutional Funds TREAS PRT PRMR                                                  | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |         109 | NS      | $108.88       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                                                                  | D V7 06/01/54 B                                                                              | CUSIP: 25746UDU0<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |      180000 | PA      | $196614.72    | 0.02%             | 2054-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ENTAIN HLDNGS LTD TL                                                                 | ENTAIN HLDNGS LTD TL                                                                         | CUSIP: LX2670995<br>LEI: N/A                  | Long             | DBT              | CORP              | IM        |      325000 | PA      | $323475.75    | 0.03%             | 2032-07-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ARES DIRECT LENDING CLO 6 LLC                                                        | ARESDL 2025-2A B                                                                             | CUSIP: 039960AE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      750000 | PA      | $749997.30    | 0.08%             | 2037-10-16      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| VISTA POINT SEC TR 2020-2                                                            | VSTA 2020-2 B2                                                                               | CUSIP: 92838TAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      142800 | PA      | $139111.90    | 0.01%             | 2065-04-25      | Variable      | 5.16%                 | Yes           |                  2 | On Loan: No      |
| BFLD COML MTG TR 2024-UNIV                                                           | BFLD 2024-UNIV A                                                                             | CUSIP: 08861RAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       80000 | PA      | $80050.00     | 0.01%             | 2029-11-15      | Floating      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| alstria office REIT-AG                                                               | AOXGR 5.5 03/20/31                                                                           | CUSIP: D0378RAC4<br>LEI: 529900QIJIGPI0DRL085 | Long             | DBT              | CORP              | DE        |      100000 | PA      | $118737.96    | 0.01%             | 2031-03-20      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Georgia Power Company                                                                | SO 4.85 03/15/31                                                                             | CUSIP: 373334LA7<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |       75000 | PA      | $76966.01     | 0.01%             | 2031-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS3325                                                                                    | CUSIP: 3140XJVT7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       85499 | PA      | $79315.49     | 0.01%             | 2037-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB5462                                                                                    | CUSIP: 3140QRB85<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      127590 | PA      | $130294.25    | 0.01%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AGL CLO 42 LTD /LLC                                                                  | AGL 2025-42A C                                                                               | CUSIP: 00791YAG3<br>LEI: 254900AMSJHVKQ5QFA09 | Long             | ABS-CBDO         | CORP              | KY        |      350000 | PA      | $350566.44    | 0.04%             | 2038-07-22      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| JCP DIRECT LENDING CLO 2023-1 LTD                                                    | JCPDL 2023-1A A1R                                                                            | CUSIP: 46656TAS5<br>LEI: 254900B78BA7J8JB6X59 | Long             | ABS-CBDO         | CORP              | US        |      350000 | PA      | $351048.15    | 0.04%             | 2037-07-20      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| BFLD COML MTG TR 2024-UNIV                                                           | BFLD 2024-UNIV E                                                                             | CUSIP: 08861RAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       50000 | PA      | $50107.85     | 0.01%             | 2029-11-15      | Floating      | 7.67%                 | Yes           |                  2 | On Loan: No      |
| DEEPHAVEN RESIDENTIAL MTG TR 2024-1                                                  | DRMT 2024-1 A1                                                                               | CUSIP: 24380QAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      127325 | PA      | $128197.17    | 0.01%             | 2069-07-25      | Fixed         | 5.74%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc.                                                   | CMLTI 2007-WFH4 M3A                                                                          | CUSIP: 17313JAK0<br>LEI: 549300R1KUK063S4I339 | Long             | ABS-O            | CORP              | US        |      500000 | PA      | $494688.75    | 0.05%             | 2037-07-25      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| ROCK TR 2024-CNTR                                                                    | ROCC 2024-CNTR E                                                                             | CUSIP: 74970WAJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $105529.10    | 0.01%             | 2041-11-13      | Fixed         | 8.82%                 | Yes           |                  2 | On Loan: No      |
| Impac Secured Assets Corp Mortgage Pass Through Certificates Series 2006-3           | IMSA 2006-3 A1                                                                               | CUSIP: 45255RAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       85384 | PA      | $78844.14     | 0.01%             | 2036-11-25      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trust 2024-B                                               | REPS 2024-B A                                                                                | CUSIP: 76042GAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      212000 | PA      | $215649.58    | 0.02%             | 2037-11-20      | Fixed         | 5.42%                 | Yes           |                  2 | On Loan: No      |
| UPX HIL 2025-1 ISSUER TRUST                                                          | UPXHI 2025-1 A                                                                               | CUSIP: 916925AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      161507 | PA      | $161955.54    | 0.02%             | 2047-01-25      | Fixed         | 5.16%                 | Yes           |                  2 | On Loan: No      |
| Iron Mountain Inc.                                                                   | IRM 4.75 01/15/34 REGS                                                                       | CUSIP: U46009AP8<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |      100000 | PA      | $115850.21    | 0.01%             | 2034-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Georgia Power Company                                                                | SO 3.7 01/30/50 B                                                                            | CUSIP: 373334KN0<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |       29000 | PA      | $22246.70     | 0.00%             | 2050-01-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA6658                                                                                    | CUSIP: 36179VMF4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        5781 | PA      | $5541.12      | 0.00%             | 2050-05-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pfizer Inc.                                                                          | PFE 2.7 05/28/50                                                                             | CUSIP: 717081FA6<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |       95000 | PA      | $60663.90     | 0.01%             | 2050-05-28      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| PG&E Corporation                                                                     | PCG 5.25 07/01/30                                                                            | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |     1168000 | PA      | $1155858.87   | 0.12%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V2.239 07/21/32 GMTN                                                                      | CUSIP: 61747YED3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |       41000 | PA      | $36294.22     | 0.00%             | 2032-07-21      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB1432                                                                                    | CUSIP: 3140QLSW7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       50715 | PA      | $49200.69     | 0.01%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Peru (Republic Of)                                                                   | PERU 7.6 08/12/39 REGS                                                                       | CUSIP: P78024AR0<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |      670000 | PA      | $217003.13    | 0.02%             | 2039-08-12      | Fixed         | 7.60%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2025-64 BA                                                                               | CUSIP: 3136BWY91<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |      418537 | PA      | $418359.97    | 0.04%             | 2052-05-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust 2025-A                                                     | NSLT 2025-AA A1B                                                                             | CUSIP: 64033XAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       95476 | PA      | $95121.19     | 0.01%             | 2057-03-15      | Floating      | 5.33%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2-30YR-Multi                                                                                | CUSIP: 21H0526B9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     2454000 | PA      | $2474237.30   | 0.26%             | 2049-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Extra Space Storage LP                                                               | EXR 2.2 10/15/30                                                                             | CUSIP: 30225VAP2<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |       77000 | PA      | $69018.85     | 0.01%             | 2030-10-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.75 12/31/28                                                                              | CUSIP: 91282CJR3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1599000 | PA      | $1605183.64   | 0.17%             | 2028-12-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST 2025-B                                                     | NSLT 2025-BA B                                                                               | CUSIP: 64032BAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      160000 | PA      | $160086.24    | 0.02%             | 2055-05-17      | Fixed         | 4.98%                 | Yes           |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST 2025-B                                                     | NSLT 2025-BA C                                                                               | CUSIP: 64032BAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      120000 | PA      | $120527.05    | 0.01%             | 2055-05-17      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Oneok Inc.                                                                           | OKE 6.25 10/15/55                                                                            | CUSIP: 682680DD2<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |      275000 | PA      | $275340.59    | 0.03%             | 2055-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V4.503 09/11/31                                                                            | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |      175000 | PA      | $175212.54    | 0.02%             | 2031-09-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HPS PRIVATE CREDIT CLO 2025-3 LLC                                                    | HPSPR 2025-3A B                                                                              | CUSIP: 40445YAC8<br>LEI: 254900WC9JHPFFXUKB77 | Long             | ABS-CBDO         | CORP              | US        |     3250000 | PA      | $3256727.50   | 0.34%             | 2037-07-20      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Flutter Entertainment                                                                | Flutter Entertainment Term Loan B (Incremental) 200 2032-05-17                               | CUSIP: N3313EAJ9<br>LEI: 635400EG4YIJLJMZJ782 | Long             | LON              | CORP              | US        |      448875 | PA      | $446069.53    | 0.05%             | 2032-05-24      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                   | META 4.65 08/15/62                                                                           | CUSIP: 30303M8K1<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |      284000 | PA      | $236298.48    | 0.02%             | 2062-08-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM6149                                                                                    | CUSIP: 3140X9ZP3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       41552 | PA      | $38472.12     | 0.00%             | 2036-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Bayview Commercial Asset Trust 2006-SP2                                              | BAYC 2007-4A A1                                                                              | CUSIP: 07326BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      164977 | PA      | $156291.85    | 0.02%             | 2037-09-25      | Floating      | 4.56%                 | Yes           |                  2 | On Loan: No      |
| CARVAL CLO VIII-C LTD                                                                | CARVL 2022-2A A1R                                                                            | CUSIP: 14686NAL5<br>LEI: 254900NZG2CMHKHNPU97 | Long             | ABS-CBDO         | CORP              | JE        |      250000 | PA      | $250673.85    | 0.03%             | 2037-10-22      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| Nationwide Mutual Insurance Co.                                                      | NATMUT 4.35 04/30/50 144A                                                                    | CUSIP: 638671AN7<br>LEI: Z7LVXXWM8HZPKF5T2355 | Long             | DBT              | CORP              | US        |      650000 | PA      | $518001.04    | 0.05%             | 2050-04-30      | Fixed         | 4.35%                 | Yes           |                  2 | On Loan: No      |
| Indonesia (Republic of)                                                              | INDON 3.05 03/12/51                                                                          | CUSIP: 455780CW4<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |      222000 | PA      | $152272.78    | 0.02%             | 2051-03-12      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| EQT Corporation                                                                      | EQT 3.625 05/15/31 144A                                                                      | CUSIP: 26884LAN9<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |     1108000 | PA      | $1036957.42   | 0.11%             | 2031-05-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| National Australia Bank Ltd.                                                         | NAB V5.902 01/14/36 144A                                                                     | CUSIP: 632525CF6<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |      810000 | PA      | $854637.75    | 0.09%             | 2036-01-14      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: —       |
| Repsol E&p Capital Markets US LLC                                                    | REPSEP 5.976 09/16/35 144A                                                                   | CUSIP: 76026AAC1<br>LEI: 894500D0J12FRZ3Q0M15 | Long             | DBT              | CORP              | US        |      200000 | PA      | $203510.78    | 0.02%             | 2035-09-16      | Fixed         | 5.98%                 | Yes           |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2024-10                                                     | AOMT 2024-10 A1                                                                              | CUSIP: 034933AA9<br>LEI: 254900QN92XYN8GJBJ44 | Long             | ABS-O            | CORP              | US        |       42035 | PA      | $42216.89     | 0.00%             | 2069-10-25      | Variable      | 5.35%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Securities Trust 2024-Iglg                       | JPMCC 2024-IGLG A                                                                            | CUSIP: 46593KAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      510000 | PA      | $514868.15    | 0.05%             | 2041-11-05      | Variable      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| NTT Finance Corp                                                                     | NTT 5.502 07/16/35 144A                                                                      | CUSIP: 62954WAV7<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |      200000 | PA      | $208479.73    | 0.02%             | 2035-07-16      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE T                                                  | GRADE 2025-LOC4 A1A                                                                          | CUSIP: 79589VAN4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      734281 | PA      | $735490.03    | 0.08%             | 2055-06-25      | Variable      | 5.91%                 | Yes           |                  2 | On Loan: No      |
| Jackson National Life Global Funding                                                 | JXN 4.7 06/05/28 144A                                                                        | CUSIP: 46849CJP7<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |     1198000 | PA      | $1208743.57   | 0.13%             | 2028-06-05      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| PFP 2025-12 LTD/LLC                                                                  | PFP 2025-12 B                                                                                | CUSIP: 69382JAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      200000 | PA      | $200015.34    | 0.02%             | 2042-12-18      | Floating      | 6.07%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V1.542 09/10/27                                                                           | CUSIP: 38141GYG3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |       17000 | PA      | $16610.68     | 0.00%             | 2027-09-10      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| Expand Energy Corp.                                                                  | EXE 4.75 02/01/32                                                                            | CUSIP: 845467AT6<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |       86000 | PA      | $84424.41     | 0.01%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corporation                                                         | NOC 4.95 03/15/53                                                                            | CUSIP: 666807CJ9<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |       73000 | PA      | $67160.09     | 0.01%             | 2053-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB0428                                                                                    | CUSIP: 3140QKPN2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      365506 | PA      | $340094.57    | 0.04%             | 2036-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SSI ABS 2025-1 ISSUER LLC                                                            | SSI 2025-1 A                                                                                 | CUSIP: 78475CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      246380 | PA      | $249652.18    | 0.03%             | 2065-07-25      | Fixed         | 6.15%                 | Yes           |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                                                | NY NYSHGR 5.39 03/15/2040                                                                    | CUSIP: 6499022F9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |       30000 | PA      | $30606.53     | 0.00%             | 2040-03-15      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Option One Mortgage Loan Trust                                                       | OOMLT 2007-FXD1 3A4                                                                          | CUSIP: 68402VAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       26010 | PA      | $25492.26     | 0.00%             | 2037-01-25      | Variable      | 5.86%                 | No            |                  2 | On Loan: No      |
| First Franklin Mortgage Loan Trust 2005-FF4                                          | FFML 2003-FF4 M1                                                                             | CUSIP: 32027NDU2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      180187 | PA      | $179021.98    | 0.02%             | 2033-10-25      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| Duke Energy Florida LLC                                                              | DUK 3 12/15/51                                                                               | CUSIP: 26444HAL5<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |       47000 | PA      | $31033.12     | 0.00%             | 2051-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA7768                                                                                    | CUSIP: 36179WTZ1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       91308 | PA      | $82098.64     | 0.01%             | 2051-12-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MSC 2019-L2 XA                                                                               | CUSIP: 61768HAX4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | ABS-O            | CORP              | US        |     2315145 | PA      | $63031.90     | 0.01%             | 2052-03-15      | Variable      | 1.16%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AS5480                                                                                    | CUSIP: 3138WFCS3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       24369 | PA      | $24299.63     | 0.00%             | 2045-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GOODLEAP HOME IMPT 2024-1                                                            | GDLP 2024-1A A                                                                               | CUSIP: 381935AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      106956 | PA      | $108179.02    | 0.01%             | 2046-10-20      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FG G61886                                                                                    | CUSIP: 31335CCX0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       22470 | PA      | $22837.15     | 0.00%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners Lp                                                          | CQP 5.95 06/30/33                                                                            | CUSIP: 16411QAQ4<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |      320000 | PA      | $337707.14    | 0.03%             | 2033-06-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Atlassian Corporation                                                                | TEAM 5.5 05/15/34                                                                            | CUSIP: 049468AB7<br>LEI: 549300V7ZY5P02D2MY38 | Long             | DBT              | CORP              | US        |      320000 | PA      | $329075.72    | 0.03%             | 2034-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Applovin Corp.                                                                       | APP 5.95 12/01/54                                                                            | CUSIP: 03831WAE8<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |      344000 | PA      | $344663.57    | 0.04%             | 2054-12-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| WARWICK CAPITAL CLO LTD 2024-5                                                       | WWICK 2024-5A A1                                                                             | CUSIP: 93656FAA6<br>LEI: 254900WYTOTUQQSCN403 | Long             | ABS-CBDO         | CORP              | KY        |      321000 | PA      | $321893.95    | 0.03%             | 2038-01-20      | Floating      | 5.24%                 | Yes           |                  2 | On Loan: No      |
| Self Commercial Mortgage Trust 2024-STRG                                             | SELF 2024-STRG E                                                                             | CUSIP: 81631WAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $100124.35    | 0.01%             | 2034-11-15      | Floating      | 8.22%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RA8892                                                                                    | CUSIP: 3133KQ2Z8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       56317 | PA      | $58101.95     | 0.01%             | 2053-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 4.6 11/15/32                                                                             | CUSIP: 404119DE6<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |      405000 | PA      | $402484.95    | 0.04%             | 2032-11-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: —       |
| PCI Gaming                                                                           | PCI Gaming Term Loan B 300 2026-04-22                                                        | CUSIP: 70455DAG9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      124747 | PA      | $124786.14    | 0.01%             | 2026-05-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| BPR TRUST 2024-PMDW                                                                  | BPR 2024-PMDW A                                                                              | CUSIP: 05592VAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       70000 | PA      | $71359.59     | 0.01%             | 2029-11-05      | Fixed         | 5.36%                 | Yes           |                  2 | On Loan: No      |
| Self Commercial Mortgage Trust 2024-STRG                                             | SELF 2024-STRG F                                                                             | CUSIP: 81631WAL0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $99768.51     | 0.01%             | 2034-11-15      | Floating      | 9.22%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V5.211 12/03/35                                                                          | CUSIP: 95000U3N1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |       28000 | PA      | $28636.83     | 0.00%             | 2035-12-03      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| KSL COMMERCIAL MTG TR 2024-HT2                                                       | KSL 2024-HT2 A                                                                               | CUSIP: 500937AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       97091 | PA      | $97030.05     | 0.01%             | 2039-12-15      | Floating      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                                  | NRZT 2025-NQM3 A3                                                                            | CUSIP: 64832CAE3<br>LEI: 2138002D8CMDYG7QOU84 | Long             | ABS-O            | CORP              | US        |      724542 | PA      | $732465.70    | 0.08%             | 2065-05-25      | Variable      | 5.99%                 | Yes           |                  2 | On Loan: No      |
| Targa Resources Corp.                                                                | TRGP 5.65 02/15/36                                                                           | CUSIP: 87612GAQ4<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |      350000 | PA      | $358913.30    | 0.04%             | 2036-02-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Florida Power & Light Co.                                                            | NEE 5.7 03/15/55                                                                             | CUSIP: 341081GY7<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |       22000 | PA      | $22904.32     | 0.00%             | 2055-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Sofi Consumer Ln Program 2016-5 Llc                                                  | SCLP 2025-1 A                                                                                | CUSIP: 83406YAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      319143 | PA      | $319682.23    | 0.03%             | 2034-02-27      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| Plains All American Pipeline L.P.                                                    | PAA 5.7 09/15/34                                                                             | CUSIP: 72650RBP6<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |      420000 | PA      | $431550.71    | 0.04%             | 2034-09-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | TII 1.625 10/15/29                                                                           | CUSIP: 91282CLV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     3420000 | PA      | $3579994.12   | 0.37%             | 2029-10-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                                               | FANG 3.25 12/01/26                                                                           | CUSIP: 25278XAM1<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |     1177000 | PA      | $1166275.47   | 0.12%             | 2026-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SC0111                                                                                    | CUSIP: 3132D9DQ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       88854 | PA      | $83899.27     | 0.01%             | 2038-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB2855                                                                                    | CUSIP: 3140QNE57<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      203932 | PA      | $176807.51    | 0.02%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB8727                                                                                    | CUSIP: 3140QUVV5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      358354 | PA      | $371620.26    | 0.04%             | 2054-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                               | FHMR 2024-P015 A1                                                                            | CUSIP: 3137HDJN1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | CORP              | US        |       46732 | PA      | $46651.23     | 0.00%             | 2032-11-25      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| SAGARD-HALSEYPOINT CLO 8 LTD/LLC                                                     | HLSY 2024-8A A1                                                                              | CUSIP: 78662AAA0<br>LEI: 254900W5MVYX9QDPHC09 | Long             | ABS-CBDO         | CORP              | KY        |      250000 | PA      | $250720.40    | 0.03%             | 2038-01-30      | Floating      | 5.23%                 | Yes           |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 6.384 10/23/35                                                                          | CUSIP: 161175AZ7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |       99000 | PA      | $102549.35    | 0.01%             | 2035-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                             | T 5.45 03/01/47                                                                              | CUSIP: 00206RDS8<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |       28000 | PA      | $26957.88     | 0.00%             | 2047-03-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                             | T 4.3 02/15/30 144A                                                                          | CUSIP: 00206RES7<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |      105000 | PA      | $104969.81    | 0.01%             | 2030-02-15      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA3238                                                                                    | CUSIP: 31418CS47<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       56942 | PA      | $53400.27     | 0.01%             | 2048-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Philippines (Republic Of)                                                            | PHILIP 3 02/01/28                                                                            | CUSIP: 718286CC9<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |      200000 | PA      | $195430.38    | 0.02%             | 2028-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: —       |
| Government National Mortgage Association                                             | G2 MA5019                                                                                    | CUSIP: 36179TSG1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       28124 | PA      | $26206.69     | 0.00%             | 2048-02-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 5.75 04/01/48                                                                           | CUSIP: 161175BN3<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |       50000 | PA      | $44346.64     | 0.00%             | 2048-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Northern Institutional Funds                                                         | Northern Institutional Funds TREAS PRT PRMR                                                  | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |     3798369 | NS      | $3798368.52   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| GLP Capital L.P. and GLP Financing II, Inc.                                          | GLPI 4 01/15/31                                                                              | CUSIP: 361841AQ2<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |      350000 | PA      | $334764.36    | 0.03%             | 2031-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Highmark Inc.                                                                        | HIMARK 2.55 05/10/31 144A                                                                    | CUSIP: 431116AE2<br>LEI: 549300B6868ZXXEB2Y57 | Long             | DBT              | CORP              | US        |      390000 | PA      | $344307.86    | 0.04%             | 2031-05-10      | Fixed         | 2.55%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V4.571 04/27/33                                                                          | CUSIP: 06051GKQ1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      267000 | PA      | $266560.82    | 0.03%             | 2033-04-27      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| Motorola Solutions Inc                                                               | MSI 5.6 06/01/32                                                                             | CUSIP: 620076BW8<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |       75000 | PA      | $78898.42     | 0.01%             | 2032-06-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| SLAM 2021-1 LLC                                                                      | SLAM 2021-1A A                                                                               | CUSIP: 78449AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      727800 | PA      | $691121.94    | 0.07%             | 2046-06-15      | Fixed         | 2.43%                 | Yes           |                  2 | On Loan: No      |
| DB Master Finance LLC                                                                | DNKN 2021-1A A23                                                                             | CUSIP: 233046AS0<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |      818125 | PA      | $729021.37    | 0.08%             | 2051-11-20      | Fixed         | 2.79%                 | Yes           |                  2 | On Loan: No      |
| BLUE STREAM ISSUER LLC                                                               | BSTRM 2024-1A A2                                                                             | CUSIP: 09606BAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1000000 | PA      | $1011368.20   | 0.10%             | 2054-11-20      | Fixed         | 5.41%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4 04/30/32                                                                                 | CUSIP: 91282CNA5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1500000 | PA      | $1512597.66   | 0.16%             | 2032-04-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Duke Energy Ohio Inc.                                                                | DUK 5.65 04/01/53                                                                            | CUSIP: 26442EAK6<br>LEI: L6KC0HABGHNFU1Z6QY21 | Long             | DBT              | CORP              | US        |       17000 | PA      | $17203.42     | 0.00%             | 2053-04-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BY0568                                                                                    | CUSIP: 3140NGT26<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       23679 | PA      | $24501.54     | 0.00%             | 2053-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC.                                                               | FABSJV 5.875 01/25/34                                                                        | CUSIP: 350930AA1<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |      650000 | PA      | $671119.09    | 0.07%             | 2034-01-25      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| OWL ROCK CLO VII LTD                                                                 | OR 2022-7A AR                                                                                | CUSIP: 69121BAQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      500000 | PA      | $497984.50    | 0.05%             | 2038-04-20      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| Southern Co.                                                                         | SO 5.2 06/15/33                                                                              | CUSIP: 842587DR5<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |       23000 | PA      | $23663.88     | 0.00%             | 2033-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS1552                                                                                    | CUSIP: 3140XGWN5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     2281626 | PA      | $1950108.52   | 0.20%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD2163                                                                                    | CUSIP: 3132DPML9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      114616 | PA      | $117629.09    | 0.01%             | 2053-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Extra Space Storage LP                                                               | EXR 4 06/15/29                                                                               | CUSIP: 30225VAN7<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |       17000 | PA      | $16827.89     | 0.00%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STAR 2025-SFR6 TRUST                                                                 | STAR 2025-SFR6 B                                                                             | CUSIP: 85520EAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      500000 | PA      | $500312.50    | 0.05%             | 2042-08-17      | Floating      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| MAPS TRUST                                                                           | MAPSL 2021-1A A                                                                              | CUSIP: 55292RAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1698305 | PA      | $1623545.81   | 0.17%             | 2046-06-15      | Fixed         | 2.52%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FN MA4548                                                                                    | CUSIP: 31418EBS8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    13614625 | PA      | $11617788.29  | 1.20%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HLEND CLO 2025-4 LLC                                                                 | HLEND 2025-4A B                                                                              | CUSIP: 43367AAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     1650000 | PA      | $1652641.16   | 0.17%             | 2037-08-15      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| CASTLELAKE AIRCRAFT STRUCTURED TRUS                                                  | CLAST 2025-2A A                                                                              | CUSIP: 14855XAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1677926 | PA      | $1695697.80   | 0.18%             | 2050-08-15      | Fixed         | 5.46%                 | Yes           |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust 2025-2                                        | GSKY 2025-2A B                                                                               | CUSIP: 39571VAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      850000 | PA      | $855963.35    | 0.09%             | 2060-06-25      | Fixed         | 5.07%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V6.875 PERP GG                                                                             | CUSIP: 17327CBC6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |      325000 | PA      | $334871.55    | 0.03%             | 2049-12-31      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CERBERUS LOAN FUNDING 51 LLC                                                         | CERB 2025-2A A                                                                               | CUSIP: 15675QAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      500000 | PA      | $502878.25    | 0.05%             | 2037-10-15      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                     | FN BZ4468                                                                                    | CUSIP: 3140NY6E6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      399407 | PA      | $409581.10    | 0.04%             | 2055-07-01      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| PartnerRe Finance B LLC                                                              | PRE V4.5 10/01/50                                                                            | CUSIP: 70213BAC5<br>LEI: 549300O0FAGHK2F79881 | Long             | DBT              | CORP              | US        |      590000 | PA      | $560718.89    | 0.06%             | 2050-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| Lbj Infrastructure Group Llc                                                         | CINCON 3.797 12/31/57 144A                                                                   | CUSIP: 50203UAA1<br>LEI: 254900DEJSU2OQFZWQ97 | Long             | DBT              | CORP              | US        |      500000 | PA      | $355844.67    | 0.04%             | 2057-12-31      | Fixed         | 3.80%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FN MA4624                                                                                    | CUSIP: 31418ED64<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    16951316 | PA      | $15052942.45  | 1.56%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Valley Authority                                                           | TVA 5.25 02/01/55                                                                            | CUSIP: 880591FC1<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |      175000 | PA      | $176612.37    | 0.02%             | 2055-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                                          | RCKT 2025-CES7 A1B                                                                           | CUSIP: 74943AAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      769583 | PA      | $774703.10    | 0.08%             | 2055-07-25      | Variable      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| Athene Global Funding                                                                | ATH 5.033 07/17/30 144A                                                                      | CUSIP: 04685A4R9<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |      500000 | PA      | $507271.00    | 0.05%             | 2030-07-17      | Fixed         | 5.03%                 | Yes           |                  2 | On Loan: No      |
| PRIME PPTY FD 5.81%                                                                  | PRIME PPTY FD 5.81%                                                                          | CUSIP: 74199AVS9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      400000 | PA      | $400000.00    | 0.04%             | 2035-07-15      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| CERBERUS LOAN FUNDING 51 LLC                                                         | CERB 2025-2A B                                                                               | CUSIP: 15675QAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      500000 | PA      | $501172.30    | 0.05%             | 2037-10-15      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Lazard Group LLC                                                                     | LAZ 5.625 08/01/35                                                                           | CUSIP: 52107QAM7<br>LEI: FI94J2CJ1D7BIGVMS874 | Long             | DBT              | CORP              | US        |      550000 | PA      | $559840.24    | 0.06%             | 2035-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Universal Health Services, Inc.                                                      | UHS 2.65 10/15/30                                                                            | CUSIP: 913903AW0<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |      370000 | PA      | $335797.23    | 0.03%             | 2030-10-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| DK CROWN HLDGS TL                                                                    | DK CROWN HLDGS TL                                                                            | CUSIP: LX2593379<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      499069 | PA      | $496574.06    | 0.05%             | 2032-02-25      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                    | HSBC V5.13 03/03/31                                                                          | CUSIP: 404280ER6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |      320000 | PA      | $327435.97    | 0.03%             | 2031-03-03      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Symetra Life Insurance Co.                                                           | SYA 6.55 10/01/55 144A                                                                       | CUSIP: 87151KAA7<br>LEI: 2CKADF5K7JYB5EG0VY36 | Long             | DBT              | CORP              | US        |      150000 | PA      | $158086.83    | 0.02%             | 2055-10-01      | Fixed         | 6.55%                 | Yes           |                  2 | On Loan: No      |
| LOS ANGELES CALIF CMNTY COLLEGE DIST                                                 | CA LOSHGR 6.6 08/01/2042                                                                     | CUSIP: 54438CNZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |       45000 | PA      | $49434.53     | 0.01%             | 2042-08-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                                                                                    | CUSIP: 01F0326C3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    23514000 | PA      | $21660108.74  | 2.24%             | 2049-12-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos Sa De CV                                                         | Petroleos Mexicanos Sa De CV 7.5% SNR NTS 20/03/2026 USD (144A)                              | CUSIP: 71654IAA8<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      422000 | PA      | $422389.30    | 0.04%             | 2026-03-20      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| The Boeing Company                                                                   | BA 7.008 05/01/64                                                                            | CUSIP: 097023DU6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |      158000 | PA      | $180832.53    | 0.02%             | 2064-05-01      | Fixed         | 7.01%                 | No            |                  2 | On Loan: No      |
| TRICON RESIDENTIAL 2025-SFR2 TRUST                                                   | TCN 2025-SFR2 B                                                                              | CUSIP: 89617FAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1000000 | PA      | $1017950.00   | 0.11%             | 2044-08-09      | Fixed         | 5.42%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust 2020-Pj2                                         | GSMBS 2025-HE1 A1                                                                            | CUSIP: 36272NAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      471077 | PA      | $472379.72    | 0.05%             | 2055-10-25      | Variable      | 5.90%                 | Yes           |                  2 | On Loan: No      |
| Edge Finco PLC                                                                       | EDFINC 8.125 08/15/31 REGS                                                                   | CUSIP: G30478AA2<br>LEI: 648835NI8LJE5190NT73 | Long             | DBT              | CORP              | GB        |      100000 | PA      | $139325.26    | 0.01%             | 2031-08-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Synchrony Financial                                                                  | SYF V5.45 03/06/31                                                                           | CUSIP: 87165BAW3<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |      726000 | PA      | $738505.55    | 0.08%             | 2031-03-06      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Stewart Information Services Corporation                                             | STC 3.6 11/15/31                                                                             | CUSIP: 86038AAA0<br>LEI: 529900TV1XI0PLKENU10 | Long             | DBT              | CORP              | US        |      370000 | PA      | $330609.93    | 0.03%             | 2031-11-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Accident Fund Insurance Co of America                                                | AFICOA 8.5 08/01/32 144A                                                                     | CUSIP: 00452AAA8<br>LEI: 2549009NUX96RJZ6DQ30 | Long             | DBT              | CORP              | US        |      360000 | PA      | $356746.41    | 0.04%             | 2032-08-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: —       |
| FS RIALTO LLC 2025-FL10                                                              | FSRIA 2025-FL10 A                                                                            | CUSIP: 30340KAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      850000 | PA      | $848178.45    | 0.09%             | 2042-08-19      | Floating      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| Novelis                                                                              | Novelis Term Loan B 200 2032-02-09                                                           | CUSIP: 67000LAB8<br>LEI: 549300DP3XIGY7CFV648 | Long             | LON              | CORP              | US        |      897744 | PA      | $899656.56    | 0.09%             | 2032-02-25      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| NYMT LOAN TRUST 2025-CP1                                                             | NYMT 2025-CP1 A1                                                                             | CUSIP: 67121VAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      822921 | PA      | $790007.70    | 0.08%             | 2069-11-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| PMT LOAN TRUST 2025-INV7                                                             | PMTLT 2025-INV7 A7                                                                           | CUSIP: 73015FAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      764261 | PA      | $775493.67    | 0.08%             | 2056-06-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.875 04/30/30                                                                             | CUSIP: 91282CMZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     2000000 | PA      | $2015390.62   | 0.21%             | 2030-04-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Brookfield Finance Inc.                                                              | BNCN 5.33 01/15/36                                                                           | CUSIP: 11271LAQ5<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |      175000 | PA      | $176248.64    | 0.02%             | 2036-01-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust 2022-NQM3                                            | BRAVO 2025-NQM7 A2                                                                           | CUSIP: 10570TAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      821520 | PA      | $826177.65    | 0.09%             | 2065-07-25      | Variable      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| KKR Group Finance Co VIII LLC                                                        | KKR 3.5 08/25/50 144A                                                                        | CUSIP: 48252MAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      500000 | PA      | $357271.18    | 0.04%             | 2050-08-25      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Brookfield Capital Finance LLC                                                       | BNCN 6.087 06/14/33                                                                          | CUSIP: 11259NAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      310000 | PA      | $332477.01    | 0.03%             | 2033-06-14      | Fixed         | 6.09%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V6.25 PERP                                                                               | CUSIP: 06055HAK9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |       25000 | PA      | $25430.50     | 0.00%             | 2049-12-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Costar Group Inc                                                                     | CSGP 2.8 07/15/30 144A                                                                       | CUSIP: 22160NAA7<br>LEI: 984500Q1D53D08E2E698 | Long             | DBT              | CORP              | US        |      396000 | PA      | $362363.29    | 0.04%             | 2030-07-15      | Fixed         | 2.80%                 | Yes           |                  2 | On Loan: No      |
| Cox Communications, Inc.                                                             | COXENT 2.95 10/01/50 144A                                                                    | CUSIP: 224044CM7<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |      160000 | PA      | $92556.14     | 0.01%             | 2050-10-01      | Fixed         | 2.95%                 | Yes           |                  2 | On Loan: No      |
| Flowserve Corporation                                                                | FLS 3.5 10/01/30                                                                             | CUSIP: 34354PAF2<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | DBT              | CORP              | US        |      197000 | PA      | $187622.13    | 0.02%             | 2030-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Entegris Inc                                                                         | ENTG 4.75 04/15/29 144A                                                                      | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |      540000 | PA      | $536659.99    | 0.06%             | 2029-04-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Munich Reinsurance AG                                                                | MUNRE V5.875 05/23/42 144A                                                                   | CUSIP: 62582PAA8<br>LEI: 529900MUF4C20K50JS49 | Long             | DBT              | CORP              | DE        |      400000 | PA      | $419367.17    | 0.04%             | 2042-05-23      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Dow Chemical Co. (The)                                                               | DOW 6.9 05/15/53                                                                             | CUSIP: 260543DH3<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |      200000 | PA      | $212280.00    | 0.02%             | 2053-05-15      | Fixed         | 6.90%                 | No            |                  2 | On Loan: —       |
| NextEra Energy Capital Holdings Inc                                                  | NEE V6.375 08/15/55                                                                          | CUSIP: 65339KDE7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |      307000 | PA      | $319528.98    | 0.03%             | 2055-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| 200 PK Funding Trust                                                                 | MET 5.74 02/15/55                                                                            | CUSIP: 901928AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      500000 | PA      | $505749.20    | 0.05%             | 2055-02-15      | Fixed         | 5.74%                 | Yes           |                  2 | On Loan: No      |
| OBX 2025-NQM13 TRUST                                                                 | OBX 2025-NQM13 A3                                                                            | CUSIP: 67121UAC0<br>LEI: 254900FPAGVH6E25VL74 | Long             | ABS-O            | CORP              | US        |      742502 | PA      | $747672.47    | 0.08%             | 2065-05-25      | Variable      | 5.82%                 | Yes           |                  2 | On Loan: No      |
| STAR 2025-SFR6 TRUST                                                                 | STAR 2025-SFR6 A                                                                             | CUSIP: 85520EAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      500000 | PA      | $500937.50    | 0.05%             | 2042-08-17      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| STWD 2021-FL2 LTD                                                                    | STWD 2021-FL2 AS                                                                             | CUSIP: 78486BAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      850000 | PA      | $850046.75    | 0.09%             | 2038-04-18      | Floating      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| Vontier Corporation                                                                  | VNT 2.95 04/01/31                                                                            | CUSIP: 928881AF8<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |      370000 | PA      | $336440.80    | 0.03%             | 2031-04-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Expand Energy Corp.                                                                  | EXE 6.75 04/15/29 144A                                                                       | CUSIP: 92735LAA0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |      317000 | PA      | $319588.58    | 0.03%             | 2029-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AS8380                                                                                    | CUSIP: 3138WJJ25<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       24841 | PA      | $24037.48     | 0.00%             | 2046-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AOA TRUST 2025-1301                                                                  | AOA 2025-1301 A                                                                              | CUSIP: 682461AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       10000 | PA      | $10147.49     | 0.00%             | 2030-08-11      | Variable      | 5.06%                 | Yes           |                  2 | On Loan: No      |
| Sound Point Clo 2025R-1 Ltd.                                                         | SNDPT 2025-1RA C                                                                             | CUSIP: 83617EAJ9<br>LEI: 25490031SR8APTVC6E71 | Long             | ABS-CBDO         | CORP              | KY        |     1000000 | PA      | $1003980.60   | 0.10%             | 2038-02-20      | Floating      | 6.30%                 | Yes           |                  2 | On Loan: No      |
| P11 COMMERCIAL MORTGAGE TRUST 2025-P11                                               | P11 2025-P11 A                                                                               | CUSIP: 69382VAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       21000 | PA      | $21348.51     | 0.00%             | 2042-08-12      | Variable      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GNR 2025-130 AL                                                                              | CUSIP: 38381MXF2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |       39879 | PA      | $39660.71     | 0.00%             | 2031-10-16      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Trustage Financial Group Inc                                                         | CUNAMU 4.625 04/15/32 144A                                                                   | CUSIP: 89787EAA9<br>LEI: 549300X7YNHNZXTI6F10 | Long             | DBT              | CORP              | US        |      350000 | PA      | $336308.82    | 0.03%             | 2032-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V5.744 02/12/36                                                                          | CUSIP: 06051GMQ9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      350000 | PA      | $364273.77    | 0.04%             | 2036-02-12      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| ARES DIRECT LENDING CLO 6 LLC                                                        | ARESDL 2025-2A A1                                                                            | CUSIP: 039960AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      400000 | PA      | $401428.52    | 0.04%             | 2037-10-16      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | TII 1.375 07/15/33                                                                           | CUSIP: 91282CHP9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      260000 | PA      | $272927.18    | 0.03%             | 2033-07-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| VFH Parent LLC & Valor Co-Issuer Inc.                                                | VIRT 7.5 06/15/31 144A                                                                       | CUSIP: 91824YAA6<br>LEI: 549300FRO9M476YHHY64 | Long             | DBT              | CORP              | US        |      520000 | PA      | $544161.28    | 0.06%             | 2031-06-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Globe Life Inc                                                                       | GL 5.85 09/15/34                                                                             | CUSIP: 37959EAC6<br>LEI: 5493001JFHKQOPP6XA71 | Long             | DBT              | CORP              | US        |      320000 | PA      | $336046.12    | 0.03%             | 2034-09-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4 07/31/30                                                                                 | CUSIP: 91282CHR5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      175000 | PA      | $177214.84    | 0.02%             | 2030-07-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.375 08/31/28                                                                             | CUSIP: 91282CHX2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1223100 | PA      | $1248039.77   | 0.13%             | 2028-08-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CMS Energy Corporation                                                               | CMS V6.5 06/01/55                                                                            | CUSIP: 125896BY5<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |      330000 | PA      | $343317.15    | 0.04%             | 2055-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                   | ET 6.2 04/01/55                                                                              | CUSIP: 29273VBF6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |      340000 | PA      | $339140.45    | 0.04%             | 2055-04-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA6840                                                                                    | CUSIP: 3140QES60<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       29975 | PA      | $27753.70     | 0.00%             | 2035-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB5450                                                                                    | CUSIP: 3140QRBU6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      264027 | PA      | $263401.35    | 0.03%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.25 03/15/27                                                                              | CUSIP: 91282CKE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1332700 | PA      | $1343007.61   | 0.14%             | 2027-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| United States Treasury Notes                                                         | T 4.25 06/30/31                                                                              | CUSIP: 91282CKW0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1278500 | PA      | $1309064.14   | 0.14%             | 2031-06-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR QF6560                                                                                    | CUSIP: 3133BUJD0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      211470 | PA      | $215908.49    | 0.02%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA9422                                                                                    | CUSIP: 3140QHPG4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       33881 | PA      | $30605.28     | 0.00%             | 2036-03-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Florida Gas Transmission Co.                                                         | CITCOR 5.75 07/15/35 144A                                                                    | CUSIP: 340711BC3<br>LEI: 549300Q0UQF87NXNOC32 | Long             | DBT              | CORP              | US        |      200000 | PA      | $208096.21    | 0.02%             | 2035-07-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| OBX 2025-NQM10 TRUST                                                                 | OBX 2025-NQM10 A3                                                                            | CUSIP: 67121LAC0<br>LEI: 254900NDJVO62R77II89 | Long             | ABS-O            | CORP              | US        |      754621 | PA      | $762549.55    | 0.08%             | 2065-05-25      | Variable      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V2.069 06/01/29                                                                          | CUSIP: 46647PCJ3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |      540000 | PA      | $513356.49    | 0.05%             | 2029-06-01      | Fixed         | 2.07%                 | No            |                  2 | On Loan: No      |
| Wingstop Funding LLC                                                                 | WSTOP 2024-1A A2                                                                             | CUSIP: 974153AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      500000 | PA      | $514870.10    | 0.05%             | 2054-12-05      | Fixed         | 5.86%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                               | FHR 5513 FD                                                                                  | CUSIP: 3137HKE75<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |      965266 | PA      | $970956.92    | 0.10%             | 2055-01-25      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 4.375 11/15/39                                                                             | CUSIP: 912810QD3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       64000 | PA      | $63835.00     | 0.01%             | 2039-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V7.125 PERP CC                                                                             | CUSIP: 172967PK1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |      400000 | PA      | $412599.20    | 0.04%             | 2049-12-31      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                               | STANLN V5.005 10/15/30 144A                                                                  | CUSIP: 85325C2A9<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |      596000 | PA      | $607048.36    | 0.06%             | 2030-10-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V5.23 01/15/31                                                                            | CUSIP: 61748UAE2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      513000 | PA      | $529614.36    | 0.05%             | 2031-01-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: —       |
| JPMorgan Chase & Co.                                                                 | JPM V5.502 01/24/36                                                                          | CUSIP: 46647PEW2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |      553000 | PA      | $580315.08    | 0.06%             | 2036-01-24      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 2.45 02/15/31                                                                           | CUSIP: 11135FCQ2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |      300000 | PA      | $273398.50    | 0.03%             | 2031-02-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Aroundtown Finance S.a.r.l.                                                          | ARNDTN V5.25 PERP                                                                            | CUSIP: L0269HAF2<br>LEI: 8945006LEXV2KWSWVP51 | Long             | DBT              | CORP              | LU        |      100000 | PA      | $113477.52    | 0.01%             | 2049-12-31      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| DK TRUST 2025-LXP                                                                    | DK 2025-LXP D                                                                                | CUSIP: 23292LAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       10000 | PA      | $10025.00     | 0.00%             | 2037-08-15      | Floating      | 6.92%                 | Yes           |                  2 | On Loan: No      |
| Repsol E&p Capital Markets US LLC                                                    | REPSEP 5.204 09/16/30 144A                                                                   | CUSIP: 76026AAB3<br>LEI: 894500D0J12FRZ3Q0M15 | Long             | DBT              | CORP              | US        |      200000 | PA      | $200741.10    | 0.02%             | 2030-09-16      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                              | FR RJ1528                                                                                    | CUSIP: 3142GRVW7<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGA              | US        |      133731 | PA      | $137486.91    | 0.01%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V4.133 10/18/29 I                                                                         | CUSIP: 61748UAK8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      340000 | PA      | $339205.59    | 0.04%             | 2029-10-18      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CHL Mortgage Pass-Through Trust                                                      | CWHL 2007-9 A1                                                                               | CUSIP: 12544XAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       25409 | PA      | $11868.68     | 0.00%             | 2037-07-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                                                        | CA CAS 4.6 04/01/2038                                                                        | CUSIP: 13063DGE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      325000 | PA      | $331558.34    | 0.03%             | 2038-04-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2025-1                                                     | TPMT 2025-1 A1B                                                                              | CUSIP: 89190KAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      948492 | PA      | $947529.33    | 0.10%             | 2065-06-25      | Variable      | 4.78%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GNR 2025-128 AG                                                                              | CUSIP: 38381MZB9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |       80827 | PA      | $79455.75     | 0.01%             | 2066-07-16      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Nationwide Building Society                                                          | NWIDE V5.537 07/14/36 144A                                                                   | CUSIP: 63861VAN7<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |      200000 | PA      | $206060.75    | 0.02%             | 2036-07-14      | Fixed         | 5.54%                 | Yes           |                  2 | On Loan: No      |
| OWL ROCK CLO XXII LLC                                                                | OR 2025-22A A                                                                                | CUSIP: 69121AAA4<br>LEI: 254900R8KCHZBP66MP06 | Long             | ABS-CBDO         | CORP              | US        |      300000 | PA      | $300874.98    | 0.03%             | 2037-10-20      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Ffmlt Trust 2006/Ff13                                                                | FFML 2006-FF13 A1                                                                            | CUSIP: 30247DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       24803 | PA      | $16127.97     | 0.00%             | 2036-10-25      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| Duke Energy Progress LLC                                                             | DUK 2.5 08/15/50                                                                             | CUSIP: 26442UAK0<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |      415000 | PA      | $249962.56    | 0.03%             | 2050-08-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| EFMT 2025-CES4                                                                       | EFMT 2025-CES4 A1                                                                            | CUSIP: 267954AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      991283 | PA      | $997445.52    | 0.10%             | 2060-06-25      | Variable      | 5.43%                 | Yes           |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 5.45 09/15/34                                                                            | CUSIP: 404121AK1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |       65000 | PA      | $66879.70     | 0.01%             | 2034-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 5.9 10/01/54                                                                             | CUSIP: 694308KT3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |      205000 | PA      | $199575.25    | 0.02%             | 2054-10-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| EQT Corporation                                                                      | EQT 5 01/15/29                                                                               | CUSIP: 26884LAL3<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |      674000 | PA      | $682175.38    | 0.07%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                       | MEX 2.659 05/24/31                                                                           | CUSIP: 91087BAM2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |      568000 | PA      | $507678.40    | 0.05%             | 2031-05-24      | Fixed         | 2.66%                 | No            |                  2 | On Loan: No      |
| LHOME MORTGAGE TRUST                                                                 | LHOME 2025-RTL3 A1                                                                           | CUSIP: 50205YAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      250000 | PA      | $250195.58    | 0.03%             | 2040-08-25      | Variable      | 5.24%                 | Yes           |                  2 | On Loan: No      |
| CNO Financial Group, Inc.                                                            | CNO 6.45 06/15/34                                                                            | CUSIP: 12621EAM5<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | DBT              | CORP              | US        |      320000 | PA      | $339580.00    | 0.04%             | 2034-06-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SL3072                                                                                    | CUSIP: 31427QMW9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      531894 | PA      | $534533.08    | 0.06%             | 2053-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BK1958                                                                                    | CUSIP: 3140HFE88<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       17159 | PA      | $16091.54     | 0.00%             | 2048-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS0212                                                                                    | CUSIP: 3140XFGW5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      200687 | PA      | $165296.09    | 0.02%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD7548                                                                                    | CUSIP: 3132DVL52<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      753616 | PA      | $654192.72    | 0.07%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA2963                                                                                    | CUSIP: 3140QAJH4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      126594 | PA      | $125452.96    | 0.01%             | 2049-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Last Mile Logistics Pan Euro Finance Designated Activity Company                     | LMLOG 1X E                                                                                   | CUSIP: G5S831AE9<br>LEI: 635400NOPX1IKIAX7N90 | Long             | ABS-O            | CORP              | IE        |      191462 | PA      | $220455.16    | 0.02%             | 2033-08-17      | Floating      | 4.73%                 | Yes           |                  2 | On Loan: No      |
| United Wholesale Mortgage LLC                                                        | UWMLLC 5.5 04/15/29 144A                                                                     | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |      570000 | PA      | $561361.08    | 0.06%             | 2029-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Sunrise Finco l B.V                                                                  | SUNN 4.875 07/15/31 144A                                                                     | CUSIP: 90320BAA7<br>LEI: 213800MNFBDEQRS6HZ22 | Long             | DBT              | CORP              | NL        |      590000 | PA      | $562069.40    | 0.06%             | 2031-07-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Crown Castle Inc.                                                                    | CCI 2.5 07/15/31                                                                             | CUSIP: 22822VAY7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |       39000 | PA      | $34735.60     | 0.00%             | 2031-07-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD8172                                                                                    | CUSIP: 3132DWCH4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       32000 | PA      | $26101.49     | 0.00%             | 2051-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Americo Life Inc.                                                                    | AMERIC 3.45 04/15/31 144A                                                                    | CUSIP: 03060NAD2<br>LEI: 549300B5C1FRFHBYW144 | Long             | DBT              | CORP              | US        |      370000 | PA      | $336119.98    | 0.03%             | 2031-04-15      | Fixed         | 3.45%                 | Yes           |                  2 | On Loan: No      |
| Sumitomo Life Insurance Co.                                                          | SUMILF V3.375 04/15/81 144A                                                                  | CUSIP: 86564CAC4<br>LEI: 549300I5OQCDADQSPI57 | Long             | DBT              | CORP              | JP        |      360000 | PA      | $337886.57    | 0.04%             | 2081-04-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: —       |
| Federal Home Loan Mortgage Corp.                                                     | FN MA4540                                                                                    | CUSIP: 31418EBJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      527045 | PA      | $458460.46    | 0.05%             | 2042-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD0786                                                                                    | CUSIP: 3132DM2T1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      115754 | PA      | $95718.88     | 0.01%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Midamerican Energy Company                                                           | BRKHEC 3.15 04/15/50                                                                         | CUSIP: 595620AV7<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |       51000 | PA      | $35348.33     | 0.00%             | 2050-04-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V2.976 11/05/30                                                                            | CUSIP: 17308CC53<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |      274000 | PA      | $259833.30    | 0.03%             | 2030-11-05      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Securities Trust 2024-Iglg                       | JPMCC 2024-IGLG F                                                                            | CUSIP: 46593KAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      372000 | PA      | $372551.45    | 0.04%             | 2041-11-05      | Variable      | 8.22%                 | Yes           |                  2 | On Loan: No      |
| JSC National Company KazMunayGas                                                     | KZOKZ 6.375 10/24/48 REGS                                                                    | CUSIP: Y44709AG1<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |      491000 | PA      | $496795.90    | 0.05%             | 2048-10-24      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RA6509                                                                                    | CUSIP: 3133KNGS6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       97581 | PA      | $80209.47     | 0.01%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust 2022-NQM3                                            | BRAVO 2023-NQM6 B1                                                                           | CUSIP: 10569DAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $100812.72    | 0.01%             | 2063-09-25      | Variable      | 7.98%                 | Yes           |                  2 | On Loan: No      |
| CWABS Asset-Backed Certificates Trust 2006-14                                        | CWL 2006-14 M1                                                                               | CUSIP: 23243LAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      110151 | PA      | $115854.23    | 0.01%             | 2037-02-25      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| Greensaif Pipelines Bidco S.a r.l.                                                   | GASBCM 6.1027 08/23/42 144A                                                                  | CUSIP: 39541EAE3<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |      500000 | PA      | $530781.00    | 0.06%             | 2042-08-23      | Fixed         | 6.10%                 | Yes           |                  2 | On Loan: No      |
| AS Mileage Plan IP Ltd.                                                              | ALK 5.308 10/20/31 144A                                                                      | CUSIP: 00218QAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |      340000 | PA      | $338421.00    | 0.04%             | 2031-10-20      | Fixed         | 5.31%                 | Yes           |                  2 | On Loan: No      |
| ATLX 2024-RPL2 TRUST                                                                 | ATLX 2024-RPL2 A1                                                                            | CUSIP: 049919AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      274415 | PA      | $266264.37    | 0.03%             | 2063-04-25      | Variable      | 3.85%                 | Yes           |                  2 | On Loan: No      |
| TERMINAL INVT 5.63%                                                                  | TERMINAL INVT 5.63%                                                                          | CUSIP: 87299BMD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      600000 | PA      | $626824.33    | 0.06%             | 2032-07-09      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS3377                                                                                    | CUSIP: 3140XJXF5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      301322 | PA      | $291193.85    | 0.03%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM7423                                                                                    | CUSIP: 3140XBG95<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      196141 | PA      | $176934.46    | 0.02%             | 2036-06-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| CSMC 2022-NQM6 TRUST VAR                                                             | CSMC 2022-NQM6 TRUST VAR                                                                     | CUSIP: 12663YAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       97214 | PA      | $96543.10     | 0.01%             | 2067-12-25      | Floating      | 9.23%                 | No            |                  2 | On Loan: No      |
| VELOCITY COMMERCIAL CAPITAL LOAN TR                                                  | VCC 2024-1 A                                                                                 | CUSIP: 92261CAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       56001 | PA      | $56627.94     | 0.01%             | 2054-01-25      | Variable      | 6.55%                 | Yes           |                  2 | On Loan: No      |
| Targa Resources Partners LP/Targa Resources Finance Corp.                            | TRGP 6.875 01/15/29                                                                          | CUSIP: 87612BBN1<br>LEI: 6OQWTZ1SPC04IFT4T704 | Long             | DBT              | CORP              | US        |      320000 | PA      | $325093.78    | 0.03%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA6599                                                                                    | CUSIP: 36179VKL3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      120936 | PA      | $109087.61    | 0.01%             | 2050-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FN MA4237                                                                                    | CUSIP: 31418DV74<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      421036 | PA      | $344640.04    | 0.04%             | 2051-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM5292                                                                                    | CUSIP: 3140X83A3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      152878 | PA      | $137930.00    | 0.01%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SB0546                                                                                    | CUSIP: 3132CWTB0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      135946 | PA      | $126227.69    | 0.01%             | 2036-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FN MA4958                                                                                    | CUSIP: 31418EQL7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       15223 | PA      | $14898.93     | 0.00%             | 2053-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB8874                                                                                    | CUSIP: 3140QU2G0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      590628 | PA      | $612318.44    | 0.06%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ATRIUM HOTEL PORTFOLIO TRUST 2024-A                                                  | AHPT 2024-ATRM E                                                                             | CUSIP: 04963XAL8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       30000 | PA      | $30793.19     | 0.00%             | 2029-11-10      | Variable      | 9.21%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA8389                                                                                    | CUSIP: 3140QGKB2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       79769 | PA      | $76823.43     | 0.01%             | 2035-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Equinix, Inc.                                                                        | EQIX 3.4 02/15/52                                                                            | CUSIP: 29444UBT2<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |       85000 | PA      | $59488.70     | 0.01%             | 2052-02-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Braccan Mortgage Funding 2024-1 PLC                                                  | BRACN 2024-1 X                                                                               | CUSIP: G12855AB1<br>LEI: 635400RGKRFPCFMYJF13 | Long             | ABS-O            | CORP              | GB        |       94294 | PA      | $124665.55    | 0.01%             | 2067-01-15      | Floating      | 8.31%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.375 09/15/27                                                                             | CUSIP: 91282CLL3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      100000 | PA      | $99578.13     | 0.01%             | 2027-09-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA7649                                                                                    | CUSIP: 36179WQA9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      316753 | PA      | $274288.19    | 0.03%             | 2051-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V2.65 10/21/32                                                                            | CUSIP: 38141GYN8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |       79000 | PA      | $71063.79     | 0.01%             | 2032-10-21      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.625 09/30/31                                                                             | CUSIP: 91282CLM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1177200 | PA      | $1166163.75   | 0.12%             | 2031-09-30      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CHL Mortgage Pass-Through Trust                                                      | CWHL 2006-17 A6                                                                              | CUSIP: 17025AAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        5091 | PA      | $2238.99      | 0.00%             | 2036-12-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Firstenergy Transmission Llc                                                         | FE 5 01/15/35                                                                                | CUSIP: 33767BAH2<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |      330000 | PA      | $330811.26    | 0.03%             | 2035-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V4.979 01/24/29                                                                          | CUSIP: 06051GMK2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      364000 | PA      | $370487.66    | 0.04%             | 2029-01-24      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | TII 1.875 07/15/35                                                                           | CUSIP: 91282CNS6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     4450000 | PA      | $4527556.96   | 0.47%             | 2035-07-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| IDAHO HSG & FIN ASSN                                                                 | ID IDSSFH 6.01 07/01/2045                                                                    | CUSIP: 45130BDK6<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |      850000 | PA      | $870833.84    | 0.09%             | 2045-07-01      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| Antero Resources Corporation                                                         | AR 5.375 03/01/30 144A                                                                       | CUSIP: 03674XAS5<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | DBT              | CORP              | US        |      862000 | PA      | $867925.39    | 0.09%             | 2030-03-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V6.75 PERP EE                                                                              | CUSIP: 172967PR6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |      400000 | PA      | $406960.80    | 0.04%             | 2049-12-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| Flutter Entertainment                                                                | Flutter Entertainment Term Loan B 175 2030-11-01                                             | CUSIP: N3313EAG5<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | US        |       89316 | PA      | $88825.21     | 0.01%             | 2030-11-30      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| MN8 Portfolio IV LLC / MN8 Mulberry Bess Holdco LLC                                  | MN8 Portfolio IV LLC / MN8 Mulberry Bess Holdco LLC 6.31% SNR NTS 30/06/2045 USD (SEC REGD)  | CUSIP: 55339TAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      900000 | PA      | $914224.00    | 0.09%             | 2045-06-30      | Fixed         | 6.31%                 | No            |                  2 | On Loan: No      |
| Global Atlantic Finance Co.                                                          | GBLATL 7.95 06/15/33 144A                                                                    | CUSIP: 37959GAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      570000 | PA      | $653497.17    | 0.07%             | 2033-06-15      | Fixed         | 7.95%                 | Yes           |                  2 | On Loan: No      |
| Rogers Communications Inc.                                                           | RCICN 4.55 03/15/52                                                                          | CUSIP: 775109CK5<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |      335000 | PA      | $274661.56    | 0.03%             | 2052-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA4322                                                                                    | CUSIP: 36179SYT8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       84001 | PA      | $80851.23     | 0.01%             | 2047-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BANK 2021-BNK35                                                                      | BANK 2021-BN35 C                                                                             | CUSIP: 06540CBX4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       32000 | PA      | $27158.35     | 0.00%             | 2064-06-15      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| CD&R Firefly Bidco PLC                                                               | MOTFUE 8.625 04/30/29 REGS                                                                   | CUSIP: G2R21QAA5<br>LEI: 213800OAU5VX61DYZ558 | Long             | DBT              | CORP              | GB        |      100000 | PA      | $137815.15    | 0.01%             | 2029-04-30      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                               | FHR 5516 FC                                                                                  | CUSIP: 3137HKBM5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     2273425 | PA      | $2288699.47   | 0.24%             | 2055-03-25      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD7553                                                                                    | CUSIP: 3132DVMA0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      890639 | PA      | $803164.57    | 0.08%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Cheniere Corpus Christi Holdings, LLC                                                | CHCOCH 2.742 12/31/39                                                                        | CUSIP: 16412XAL9<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |      521000 | PA      | $439017.11    | 0.05%             | 2039-12-31      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| Vici Properties Inc                                                                  | VICI 4.5 01/15/28 144A                                                                       | CUSIP: 92564RAK1<br>LEI: 254900RKH6RY9KCJQH63 | Long             | DBT              | CORP              | US        |       20000 | PA      | $19984.37     | 0.00%             | 2028-01-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 2.987 11/01/63                                                                         | CUSIP: 20030NDW8<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |      212000 | PA      | $118130.53    | 0.01%             | 2063-11-01      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| Extra Space Storage LP                                                               | EXR 5.4 06/15/35                                                                             | CUSIP: 30225VAU1<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |      129000 | PA      | $132027.60    | 0.01%             | 2035-06-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: —       |
| Taurus 2025-2 UK DAC                                                                 | TAURS 2025-UK2X D                                                                            | CUSIP: G8702NAB2<br>LEI: 635400ZUSGYHROR9ZX12 | Long             | ABS-O            | CORP              | IE        |      154929 | PA      | $204022.90    | 0.02%             | 2035-02-18      | Floating      | 7.17%                 | Yes           |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                   | META 5.75 05/15/63                                                                           | CUSIP: 30303M8R6<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |      155000 | PA      | $154527.20    | 0.02%             | 2063-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| Government National Mortgage Association                                             | GNR 2021-83 PI                                                                               | CUSIP: 38382QQP8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |      205044 | PA      | $33525.39     | 0.00%             | 2051-05-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GLP Capital L.P. and GLP Financing II, Inc.                                          | GLPI 3.25 01/15/32                                                                           | CUSIP: 361841AR0<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |      314000 | PA      | $281840.91    | 0.03%             | 2032-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Japan (Government Of)                                                                | JGB 2.3 12/20/54 85                                                                          | CUSIP: J2S39L6L3<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |   136250000 | PA      | $751870.40    | 0.08%             | 2054-12-20      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BY2967                                                                                    | CUSIP: 3140NKJM4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       44868 | PA      | $45818.35     | 0.00%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS3832                                                                                    | CUSIP: 3140XKHJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      155718 | PA      | $159827.20    | 0.02%             | 2053-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 5.125 05/15/32                                                                          | CUSIP: 87264ADS1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |       17000 | PA      | $17476.14     | 0.00%             | 2032-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BXMT 2025-FL5 LTD                                                                    | BXMT 2025-FL5 A                                                                              | CUSIP: 05613YAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      116000 | PA      | $115488.05    | 0.01%             | 2042-10-18      | Floating      | 5.67%                 | Yes           |                  2 | On Loan: No      |
| BX TRUST 2025-VLT6                                                                   | BX 2025-VLT6 A                                                                               | CUSIP: 12433KAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      512000 | PA      | $511840.00    | 0.05%             | 2042-03-15      | Floating      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| Albion Financing 1 S.a.r.l.                                                          | AGKLN 5.375 05/21/30 REGs                                                                    | CUSIP: L0R67MAB5<br>LEI: 259400W9CABUZBRDLP97 | Long             | DBT              | CORP              | LU        |      100000 | PA      | $119758.60    | 0.01%             | 2030-05-21      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD2598                                                                                    | CUSIP: 3132DP3F3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       38352 | PA      | $39375.78     | 0.00%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets America, Inc.                                                     | BPLN 5.227 11/17/34                                                                          | CUSIP: 10373QCA6<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |      174000 | PA      | $180008.17    | 0.02%             | 2034-11-17      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.875 08/15/34                                                                             | CUSIP: 91282CLF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       16000 | PA      | $15815.00     | 0.00%             | 2034-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 4.125 08/15/44                                                                             | CUSIP: 912810UD8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      325700 | PA      | $304847.57    | 0.03%             | 2044-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SL3073                                                                                    | CUSIP: 31427QMX7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      445319 | PA      | $452979.63    | 0.05%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| China (People's Republic Of)                                                         | CGB 1.92 07/15/45 INBK                                                                       | CUSIP: Y6S39CBR8<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |       40000 | PA      | $5430.02      | 0.00%             | 2045-07-15      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 5.5 09/27/64                                                                            | CUSIP: 68389XCV5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |      144000 | PA      | $125557.37    | 0.01%             | 2064-09-27      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Apcoa Group Gmbh                                                                     | APPARK 6 04/15/31 REGS                                                                       | CUSIP: D0R1E1AB3<br>LEI: 529900H8FIYAOV5FUW68 | Long             | DBT              | CORP              | DE        |      100000 | PA      | $117929.54    | 0.01%             | 2031-04-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA7253                                                                                    | CUSIP: 3140QFBX6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      115268 | PA      | $109433.51    | 0.01%             | 2035-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V2.831 10/24/51 MTN                                                                      | CUSIP: 06051GJM2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |       40000 | PA      | $25916.14     | 0.00%             | 2051-10-24      | Fixed         | 2.83%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 4.55 02/15/32 .                                                                         | CUSIP: 11135FCC3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |       34000 | PA      | $34222.63     | 0.00%             | 2032-02-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 4.625 11/15/44                                                                             | CUSIP: 912810UF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      388000 | PA      | $387530.16    | 0.04%             | 2044-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Philippines (Republic Of)                                                            | PHILIP 3.2 07/06/46                                                                          | CUSIP: 718286CP0<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |      267000 | PA      | $196262.24    | 0.02%             | 2046-07-06      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ConnectWise                                                                          | ConnectWise Term Loan B 350 2028-09-07                                                       | CUSIP: 20786NAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |       22676 | PA      | $22694.22     | 0.00%             | 2028-09-24      | Floating      | 3.62%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BJ0648                                                                                    | CUSIP: 3140H1WJ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       29524 | PA      | $27669.80     | 0.00%             | 2048-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V3.194 07/23/30 MTN                                                                      | CUSIP: 06051GHV4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |       39000 | PA      | $37613.66     | 0.00%             | 2030-07-23      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FN MA4492                                                                                    | CUSIP: 31418D7E6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       48132 | PA      | $39249.47     | 0.00%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Dewolf Park CLO Ltd.                                                                 | DWOLF 2017-1A AR                                                                             | CUSIP: 25211AAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |       46083 | PA      | $46130.86     | 0.00%             | 2030-10-15      | Floating      | 5.09%                 | Yes           |                  2 | On Loan: No      |
| Oneok Inc.                                                                           | OKE 7.15 01/15/51                                                                            | CUSIP: 682680BF9<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |      300000 | PA      | $332453.85    | 0.03%             | 2051-01-15      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM1543                                                                                    | CUSIP: 3140X4WD4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        1366 | PA      | $1281.70      | 0.00%             | 2048-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Expand Energy Corp.                                                                  | EXE 5.375 02/01/29                                                                           | CUSIP: 845467AR0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |      377000 | PA      | $377157.15    | 0.04%             | 2029-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners Lp                                                          | CQP 4 03/01/31                                                                               | CUSIP: 16411QAK7<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |      320000 | PA      | $308966.97    | 0.03%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FN MA4157                                                                                    | CUSIP: 31418DTP7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      209872 | PA      | $162281.30    | 0.02%             | 2050-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD8145                                                                                    | CUSIP: 3132DWBN2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |        3707 | PA      | $2864.18      | 0.00%             | 2051-05-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Grifols S.A.                                                                         | GRFSM 7.5 05/01/30 REGS                                                                      | CUSIP: E5706XAS7<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |      100000 | PA      | $121491.52    | 0.01%             | 2030-05-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Applovin Corp.                                                                       | APP 5.375 12/01/31                                                                           | CUSIP: 03831WAC2<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |      980000 | PA      | $1011477.12   | 0.10%             | 2031-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.25 11/30/26                                                                              | CUSIP: 91282CLY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     5998000 | PA      | $6030543.23   | 0.62%             | 2026-11-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.125 11/30/31                                                                             | CUSIP: 91282CLZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       13000 | PA      | $13213.28     | 0.00%             | 2031-11-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Expand Energy Corp.                                                                  | EXE 5.7 01/15/35                                                                             | CUSIP: 165167DH7<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |     1018000 | PA      | $1047930.07   | 0.11%             | 2035-01-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 5.75 03/01/35                                                                            | CUSIP: 404119DB2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |      415000 | PA      | $435400.16    | 0.05%             | 2035-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| Glencore Funding LLC                                                                 | GLENLN 2.85 04/27/31 144A                                                                    | CUSIP: 378272BE7<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |       23000 | PA      | $21117.55     | 0.00%             | 2031-04-27      | Fixed         | 2.85%                 | Yes           |                  2 | On Loan: No      |
| AEP Texas Inc                                                                        | AEP 3.45 05/15/51                                                                            | CUSIP: 00108WAN0<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |      174000 | PA      | $120485.74    | 0.01%             | 2051-05-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust 2024-B                                                | MFIT 2024-BA A                                                                               | CUSIP: 56847GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      134000 | PA      | $135931.22    | 0.01%             | 2038-11-20      | Fixed         | 4.91%                 | Yes           |                  2 | On Loan: No      |
| EFMT 2024-NQM1                                                                       | EFMT 2024-NQM1 A1A                                                                           | CUSIP: 26845DAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      312522 | PA      | $314240.94    | 0.03%             | 2069-11-25      | Fixed         | 5.71%                 | Yes           |                  2 | On Loan: No      |
| AGL CORE CLO 38 LTD                                                                  | AGL 2025-38A A1                                                                              | CUSIP: 00852QAA9<br>LEI: 254900ZPMRHE5M6S8F18 | Long             | ABS-CBDO         | CORP              | KY        |      250000 | PA      | $250410.75    | 0.03%             | 2038-01-20      | Variable      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| Bcc Middle Market Clo 2019 1 Co Issuer Llc                                           | BCMM 2019-1A A1RR                                                                            | CUSIP: 05550GAU1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     1650000 | PA      | $1651208.63   | 0.17%             | 2036-07-15      | Floating      | 5.35%                 | Yes           |                  2 | On Loan: No      |
| PRPM 2025-NQM1 TRUST                                                                 | PRPM 2025-NQM1 A1                                                                            | CUSIP: 74391EAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       84010 | PA      | $84821.37     | 0.01%             | 2069-11-25      | Variable      | 5.80%                 | Yes           |                  2 | On Loan: No      |
| RCI Banque S.A.                                                                      | RENAUL V4.75 03/24/37 EMTN                                                                   | CUSIP: F7S48DSY1<br>LEI: 96950001WI712W7PQG45 | Long             | DBT              | CORP              | FR        |      100000 | PA      | $117222.12    | 0.01%             | 2037-03-24      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SL3074                                                                                    | CUSIP: 31427QMY5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      385264 | PA      | $398648.18    | 0.04%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                           | BATSLN 4.758 09/06/49                                                                        | CUSIP: 05526DBK0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |      387000 | PA      | $330259.07    | 0.03%             | 2049-09-06      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 4.25 03/15/46                                                                            | CUSIP: 694308HN0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |      215000 | PA      | $169649.00    | 0.02%             | 2046-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Duke Energy Carolinas LLC                                                            | DUK 3.7 12/01/47                                                                             | CUSIP: 26442CAT1<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |       41000 | PA      | $31772.62     | 0.00%             | 2047-12-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Lagarino (European Loan Conduit No. 40) Designated Activity Co.                      | EURO 40X D                                                                                   | CUSIP: G1207ZAD6<br>LEI: 984500F6BB6D4DUA7796 | Long             | ABS-O            | CORP              | IE        |      137012 | PA      | $158318.74    | 0.02%             | 2037-06-22      | Floating      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| Loxam SAS                                                                            | LOXAM 4.25 02/15/31 REGS                                                                     | CUSIP: F5837PAZ9<br>LEI: 969500BNA2YRNE1R5K91 | Long             | DBT              | CORP              | FR        |      100000 | PA      | $115136.80    | 0.01%             | 2031-02-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Diamondback Energy Inc                                                               | FANG 3.5 12/01/29                                                                            | CUSIP: 25278XAN9<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |     1017000 | PA      | $982014.35    | 0.10%             | 2029-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Vici Properties Inc                                                                  | VICI 4.625 12/01/29 144A                                                                     | CUSIP: 92564RAB1<br>LEI: 254900RKH6RY9KCJQH63 | Long             | DBT              | CORP              | US        |      745000 | PA      | $738826.38    | 0.08%             | 2029-12-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS1334                                                                                    | CUSIP: 3140XGPU7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      199505 | PA      | $162746.38    | 0.02%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| VICI Properties LP                                                                   | VICI 5.125 05/15/32                                                                          | CUSIP: 925650AD5<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |      414000 | PA      | $417327.21    | 0.04%             | 2032-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: —       |
| EQT Corporation                                                                      | EQT 7.5 06/01/27                                                                             | CUSIP: 26884LBH1<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |      225000 | PA      | $228845.47    | 0.02%             | 2027-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Ithaca Energy (North Sea) plc                                                        | IAECN 5.5 10/01/31 REGS                                                                      | CUSIP: G49774AE5<br>LEI: 213800BMMUN3AKWBIO91 | Long             | DBT              | CORP              | GB        |      100000 | PA      | $117181.75    | 0.01%             | 2031-10-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd.                                                         | RCL 5.375 01/15/36                                                                           | CUSIP: 78017TAB9<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |       90000 | PA      | $90610.00     | 0.01%             | 2036-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BN6688                                                                                    | CUSIP: 3140JPNE1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      126249 | PA      | $122185.50    | 0.01%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA8391                                                                                    | CUSIP: 3140QGKD8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       33043 | PA      | $31823.33     | 0.00%             | 2035-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM5315                                                                                    | CUSIP: 3140X83Z8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       38171 | PA      | $35868.44     | 0.00%             | 2049-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR ZN2699                                                                                    | CUSIP: 3131Y87L3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      202094 | PA      | $200189.79    | 0.02%             | 2049-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM1518                                                                                    | CUSIP: 3140X4VL7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       42537 | PA      | $42206.11     | 0.00%             | 2048-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD8128                                                                                    | CUSIP: 3132DWA52<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      886630 | PA      | $725383.83    | 0.08%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets PLC                                                               | BPLN V6.125 PERP                                                                             | CUSIP: 05565QDX3<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |      830000 | PA      | $866254.40    | 0.09%             | 2049-12-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Gartner Inc.                                                                         | IT 3.75 10/01/30 144A                                                                        | CUSIP: 366651AE7<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |       72000 | PA      | $68117.27     | 0.01%             | 2030-10-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM7632                                                                                    | CUSIP: 3140XBPS3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      104622 | PA      | $101234.77    | 0.01%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gulfstream Natural Gas System LLC                                                    | GULFNG 5.6 07/23/35 144A                                                                     | CUSIP: 402740AG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      325000 | PA      | $332846.60    | 0.03%             | 2035-07-23      | Fixed         | 5.60%                 | Yes           |                  2 | On Loan: No      |
| Gartner Inc.                                                                         | IT 3.625 06/15/29 144A                                                                       | CUSIP: 366651AG2<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |      533000 | PA      | $511692.63    | 0.05%             | 2029-06-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Suzano Austria GmbH                                                                  | SUZANO 3.125 01/15/32 DM3N                                                                   | CUSIP: 86964WAK8<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |      355000 | PA      | $317968.07    | 0.03%             | 2032-01-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA8044                                                                                    | CUSIP: 36179W5D6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      567526 | PA      | $524080.08    | 0.05%             | 2052-05-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB3102                                                                                    | CUSIP: 3140QNNU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      315522 | PA      | $259875.44    | 0.03%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Florida Power & Light Co.                                                            | NEE 2.875 12/04/51                                                                           | CUSIP: 341081GE1<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |       24000 | PA      | $15635.70     | 0.00%             | 2051-12-04      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Summer (BC) Holdco B S.a r.l.                                                        | KANGRP F 02/15/30 REGS                                                                       | CUSIP: L8869TAB2<br>LEI: 984500NRF59D5DB9B654 | Long             | DBT              | CORP              | LU        |      100000 | PA      | $111952.59    | 0.01%             | 2030-02-15      | Floating      | 6.29%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB3101                                                                                    | CUSIP: 3140QNNT5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      172883 | PA      | $142672.91    | 0.01%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Diamond II Ltd.                                                                      | RNW 7.95 07/28/26 REGS                                                                       | CUSIP: V28479AA7<br>LEI: 254900KL4GQ2XC50XL44 | Long             | DBT              | CORP              | MU        |      450000 | PA      | $452683.04    | 0.05%             | 2026-07-28      | Fixed         | 7.95%                 | Yes           |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 6.2 03/01/55                                                                             | CUSIP: 404119DC0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |       96000 | PA      | $99684.87     | 0.01%             | 2055-03-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GNR 2025-128 AD                                                                              | CUSIP: 38381MZA1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |       81764 | PA      | $82143.93     | 0.01%             | 2056-10-16      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FN MA5039                                                                                    | CUSIP: 31418ES50<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     1783194 | PA      | $1807707.95   | 0.19%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RA8560                                                                                    | CUSIP: 3133KQQM1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       65107 | PA      | $66778.03     | 0.01%             | 2053-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                                                  | SYF V5.019 07/29/29                                                                          | CUSIP: 87165BAX1<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |      110000 | PA      | $110815.42    | 0.01%             | 2029-07-29      | Fixed         | 5.02%                 | No            |                  2 | On Loan: —       |
| Secucor Finance 2025-1 Designated Activity Co.                                       | SECUC 2025-1 D                                                                               | CUSIP: G79660AE9<br>LEI: 635400OWPQYJEOHYG243 | Long             | ABS-O            | CORP              | IE        |      100000 | PA      | $115410.01    | 0.01%             | 2036-09-20      | Floating      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.625 10/15/26                                                                             | CUSIP: 91282CJC6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       53000 | PA      | $53436.21     | 0.01%             | 2026-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 6.55 06/01/34                                                                           | CUSIP: 161175CR3<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |      286000 | PA      | $300991.51    | 0.03%             | 2034-06-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: —       |
| Federal Home Loan Mortgage Corp.                                                     | FR RA3282                                                                                    | CUSIP: 3133KJUF7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      278317 | PA      | $251737.32    | 0.03%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Equinix, Inc.                                                                        | EQIX 2.95 09/15/51                                                                           | CUSIP: 29444UBM7<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |       35000 | PA      | $22448.89     | 0.00%             | 2051-09-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Mutual of Omaha Insurance Co                                                         | MUTOMA V6.144 01/16/64 144A                                                                  | CUSIP: 628312AE0<br>LEI: P2LER0UPV1DKOU8RO042 | Long             | DBT              | CORP              | US        |      330000 | PA      | $345424.66    | 0.04%             | 2064-01-16      | Fixed         | 6.14%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V5.827 02/13/35                                                                            | CUSIP: 172967PG0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |       63000 | PA      | $65471.12     | 0.01%             | 2035-02-13      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA7938                                                                                    | CUSIP: 3140QFZC6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      210413 | PA      | $199078.60    | 0.02%             | 2035-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                                     | DUK 3.5 06/15/51                                                                             | CUSIP: 26441CBN4<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |       95000 | PA      | $67235.62     | 0.01%             | 2051-06-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Continuum Energy Petroleum Ltd.                                                      | Continuum Energy Petroleum Ltd. 9.85% SNR NTS 11/09/2027 USD (144A)                          | CUSIP: 211926AA8<br>LEI: 984500AB52D7C8GC2E33 | Long             | DBT              | CORP              | SG        |      222651 | PA      | $222651.00    | 0.02%             | 2027-09-11      | Fixed         | 9.85%                 | Yes           |                  3 | On Loan: No      |
| South Africa (Republic of)                                                           | SAGB 10 03/31/33 2033                                                                        | CUSIP: S69124XV2<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     5316000 | PA      | $331320.78    | 0.03%             | 2033-03-31      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 3.5 03/01/42                                                                            | CUSIP: 161175CE2<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |       16000 | PA      | $11324.71     | 0.00%             | 2042-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                                                  | SYF 2.875 10/28/31                                                                           | CUSIP: 87165BAR4<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |      313000 | PA      | $277900.97    | 0.03%             | 2031-10-28      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| FS Rialto 2024-Fl9 Issuer LLC                                                        | FSRIA 2024-FL9 A                                                                             | CUSIP: 30338WAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      100000 | PA      | $100281.96    | 0.01%             | 2039-10-19      | Floating      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2025-1                                                      | AOMT 2025-1 A1                                                                               | CUSIP: 034934AA7<br>LEI: 254900HC0S1X9R2JZB30 | Long             | ABS-O            | CORP              | US        |      173970 | PA      | $175404.84    | 0.02%             | 2070-01-25      | Variable      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BM1922                                                                                    | CUSIP: 3140J6D46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       74517 | PA      | $74581.84     | 0.01%             | 2046-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Heathrow Finance PLC                                                                 | HTHROW 6.625 03/01/31                                                                        | CUSIP: G4381GAF5<br>LEI: 549300F740QSGMPHQJ60 | Long             | DBT              | CORP              | GB        |      100000 | PA      | $132587.28    | 0.01%             | 2031-03-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| CAFL 2024-RTL1 ISSUER LLC                                                            | CAFL 2024-RTL1 A1                                                                            | CUSIP: 12770DAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $101211.17    | 0.01%             | 2031-11-28      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| OBX TR 2025-NQM3                                                                     | OBX 2025-NQM3 A1                                                                             | CUSIP: 67448YAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       99229 | PA      | $100106.46    | 0.01%             | 2064-12-01      | Variable      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| EFMT 2025-INV1                                                                       | EFMT 2025-INV1 A1                                                                            | CUSIP: 26846XAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      151486 | PA      | $152563.08    | 0.02%             | 2070-03-25      | Variable      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust 2025-Nqm1                             | MSRM 2025-NQM1 M1                                                                            | CUSIP: 617932AF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      182800 | PA      | $184721.25    | 0.02%             | 2069-11-25      | Variable      | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 6 08/03/55                                                                              | CUSIP: 68389XDB8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |      226000 | PA      | $216172.60    | 0.02%             | 2055-08-03      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Colonial Enterprises                                                                 | Colonial Enterprises Term Loan B 175 2032-06-03                                              | CUSIP: 19682LAB4<br>LEI: 2549009FT92RXWA46910 | Long             | LON              | CORP              | US        |      800000 | PA      | $796000.00    | 0.08%             | 2032-06-11      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA3210                                                                                    | CUSIP: 31418CR89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       93418 | PA      | $87722.96     | 0.01%             | 2047-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| COMM 2025-SBX Mortgage Trust                                                         | COMM 2025-SBX B                                                                              | CUSIP: 20047UAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       14000 | PA      | $14064.35     | 0.00%             | 2041-08-10      | Variable      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| American Express Company                                                             | AXP V4.918 07/20/33                                                                          | CUSIP: 025816EK1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |       85000 | PA      | $86601.08     | 0.01%             | 2033-07-20      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 4.375 11/15/39                                                                             | CUSIP: 912810QD3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    18750000 | PA      | $18701660.25  | 1.94%             | 2039-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                                                                                    | CUSIP: 01F0306C7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     9490000 | PA      | $8406805.42   | 0.87%             | 2049-12-31      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Georgia Power Company                                                                | SO 4.55 03/15/30                                                                             | CUSIP: 373334KY6<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |       82000 | PA      | $83427.13     | 0.01%             | 2030-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Solventum Corp.                                                                      | SOLV 5.4 03/01/29                                                                            | CUSIP: 83444MAP6<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |       54000 | PA      | $55848.46     | 0.01%             | 2029-03-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Progroup AG                                                                          | PROGRP 5.375 04/15/31 REGS                                                                   | CUSIP: D6S035AH1<br>LEI: 529900YI5W5TQ8F2FP82 | Long             | DBT              | CORP              | DE        |      100000 | PA      | $116844.32    | 0.01%             | 2031-04-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Equinix Europe 2 Financing Corp LLC                                                  | EQIX 5.5 06/15/34                                                                            | CUSIP: 29390XAA2<br>LEI: 254900FSZR46BPMCKI50 | Long             | DBT              | CORP              | US        |       27000 | PA      | $28000.63     | 0.00%             | 2034-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| YPF Sociedad Anonima                                                                 | YPFDAR 9.5 01/17/31 144A                                                                     | CUSIP: 984245AX8<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |       26000 | PA      | $27419.63     | 0.00%             | 2031-01-17      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 3.75 11/15/43                                                                              | CUSIP: 912810RD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1009600 | PA      | $901856.75    | 0.09%             | 2043-11-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA5077                                                                                    | CUSIP: 36179TUA1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       67651 | PA      | $63039.23     | 0.01%             | 2048-03-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                      | CVS 4.78 03/25/38                                                                            | CUSIP: 126650CY4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |        9000 | PA      | $8456.23      | 0.00%             | 2038-03-25      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| NRG Energy                                                                           | NRG Energy Term Loan B 175 2031-04-01                                                        | CUSIP: 62937NBC0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | LON              | CORP              | US        |      748101 | PA      | $749522.66    | 0.08%             | 2031-04-16      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| Slam 2024-1 Ltd. / Slam 2024-1 LLC                                                   | SLAM 2024-1A A                                                                               | CUSIP: 83100AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |       93106 | PA      | $94295.95     | 0.01%             | 2049-09-15      | Fixed         | 5.33%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GNR 2025-129 AB                                                                              | CUSIP: 38381MYE4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |       39870 | PA      | $39671.01     | 0.00%             | 2054-09-16      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 4.9 02/15/38                                                                            | CUSIP: 11135FCX7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |      150000 | PA      | $148181.14    | 0.02%             | 2038-02-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Indonesia (Republic of)                                                              | INDON 2.85 02/14/30                                                                          | CUSIP: 455780CQ7<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |      400000 | PA      | $378832.57    | 0.04%             | 2030-02-14      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FN MA4158                                                                                    | CUSIP: 31418DTQ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      186043 | PA      | $152363.28    | 0.02%             | 2050-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SI2075                                                                                    | CUSIP: 3133USJU6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       45386 | PA      | $37188.37     | 0.00%             | 2050-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB7349                                                                                    | CUSIP: 3140QTEX3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      182035 | PA      | $190586.85    | 0.02%             | 2053-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GLP Capital L.P. and GLP Financing II, Inc.                                          | GLPI 5.75 06/01/28                                                                           | CUSIP: 361841AK5<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |      216000 | PA      | $222129.00    | 0.02%             | 2028-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AL9475                                                                                    | CUSIP: 3138ERQ52<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       35227 | PA      | $35170.66     | 0.00%             | 2045-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| EQT Corporation                                                                      | EQT 5.75 02/01/34                                                                            | CUSIP: 26884LAR0<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |      147000 | PA      | $153871.36    | 0.02%             | 2034-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| PORT AUTH N Y & N J                                                                  | NY PORTRN 5.65 11/01/2040                                                                    | CUSIP: 73358WCX0<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |       65000 | PA      | $69360.49     | 0.01%             | 2040-11-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS7657                                                                                    | CUSIP: 3140XPQK8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      157575 | PA      | $140315.63    | 0.01%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Vale Overseas Limited                                                                | VALEBZ 6.4 06/28/54                                                                          | CUSIP: 91911TAS2<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |      314000 | PA      | $327123.00    | 0.03%             | 2054-06-28      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FG G67721                                                                                    | CUSIP: 3132XCSJ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       24314 | PA      | $24143.85     | 0.00%             | 2049-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA8073                                                                                    | CUSIP: 3140QF6K0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      196671 | PA      | $170752.14    | 0.02%             | 2040-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-15YR                                                                                    | CUSIP: 01F0204B2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Short            | ABS-MBS          | USGSE             | US        |     -497000 | PA      | $-457347.91   | -0.05%            | 2049-12-31      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CHL Mortgage Pass-Through Trust                                                      | CWHL 2007-9 A11                                                                              | CUSIP: 12544XAV7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       13884 | PA      | $6485.03      | 0.00%             | 2037-07-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FedEx Corporation                                                                    | FDX 4.1 02/01/45 .                                                                           | CUSIP: 31428XDQ6<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |       25000 | PA      | $20057.72     | 0.00%             | 2045-02-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| LOANCORE 2025-CRE9 ISSUER LLC                                                        | LNCR 2025-CRE9 B                                                                             | CUSIP: 538912AE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      150000 | PA      | $149999.93    | 0.02%             | 2042-08-18      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Cheniere Energy Inc                                                                  | LNG 5.65 04/15/34                                                                            | CUSIP: 16411RAN9<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |      330000 | PA      | $341317.76    | 0.04%             | 2034-04-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Bond Stripped Principal Payment                                        | SP 0 05/15/55                                                                                | CUSIP: 912803HL0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    34750000 | PA      | $8743789.44   | 0.91%             | 2055-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: —       |
| LOANCORE 2025-CRE9 ISSUER LLC                                                        | LNCR 2025-CRE9 AS                                                                            | CUSIP: 538912AC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      350000 | PA      | $349999.83    | 0.04%             | 2042-08-18      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| TRTX 2025-FL7 ISSUER FRN                                                             | TRTX 2025-FL7 ISSUER FRN                                                                     | CUSIP: 87277LAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      250000 | PA      | $250000.00    | 0.03%             | 2043-06-18      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 2.25 08/15/27                                                                              | CUSIP: 9128282R0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1202400 | PA      | $1174218.75   | 0.12%             | 2027-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| CSMC 2022-NQM3 TRUST                                                                 | CSMC 2022-NQM3 A1B                                                                           | CUSIP: 12661NAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      111000 | PA      | $110347.35    | 0.01%             | 2067-03-25      | Variable      | 4.24%                 | Yes           |                  2 | On Loan: No      |
| GLP Capital L.P. and GLP Financing II, Inc.                                          | GLPI 5.75 11/01/37                                                                           | CUSIP: 361841AW9<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |      525000 | PA      | $521145.19    | 0.05%             | 2037-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GCAT 2025-INV3 TRUST                                                                 | GCAT 2025-INV3 A5                                                                            | CUSIP: 36831DAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      386406 | PA      | $393509.51    | 0.04%             | 2055-08-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA6343                                                                                    | CUSIP: 3140QEBM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      249495 | PA      | $216247.11    | 0.02%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB1309                                                                                    | CUSIP: 3140QLN36<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      438589 | PA      | $357227.62    | 0.04%             | 2051-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| The Hanover Insurance Group, Inc.                                                    | THG 5.5 09/01/35                                                                             | CUSIP: 410867AH8<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | DBT              | CORP              | US        |      200000 | PA      | $203166.00    | 0.02%             | 2035-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wendys Funding Llc                                                                   | WEN 2022-1A A2II                                                                             | CUSIP: 95058XAP3<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |      145095 | PA      | $141100.01    | 0.01%             | 2052-03-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| ILLINOIS ST                                                                          | IL ILS 5.1 06/01/2033                                                                        | CUSIP: 452151LF8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |      261765 | PA      | $267405.92    | 0.03%             | 2033-06-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-15YR                                                                                    | CUSIP: 01F0424B6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      613000 | PA      | $611873.72    | 0.06%             | 2049-12-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA6876                                                                                    | CUSIP: 3140QEUA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       58253 | PA      | $56102.54     | 0.01%             | 2035-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Frontier Communications Holdings Llc                                                 | FYBR 5 05/01/28 144A                                                                         | CUSIP: 35906ABF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      263000 | PA      | $262651.34    | 0.03%             | 2028-05-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FHR 5112 KI                                                                                  | CUSIP: 3137H0RH3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |      332685 | PA      | $62146.25     | 0.01%             | 2051-06-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD2893                                                                                    | CUSIP: 3132DQGA8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      188045 | PA      | $192026.42    | 0.02%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                                                                                    | CUSIP: 01F0506B7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Short            | ABS-MBS          | USGSE             | US        |    -1314000 | PA      | $-1307281.49  | -0.14%            | 2049-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-15YR                                                                                    | CUSIP: 01F0404B0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      129000 | PA      | $126941.62    | 0.01%             | 2049-12-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB5580                                                                                    | CUSIP: 3140QRFW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       32373 | PA      | $31692.99     | 0.00%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Continuum Trinethra Rnw                                                              | CGRNEG 7.5 06/26/33 REGS                                                                     | CUSIP: Y8987LAA4<br>LEI: 335800A71UZ8CXGYVD07 | Long             | DBT              | CORP              | IN        |      385800 | PA      | $406513.63    | 0.04%             | 2033-06-26      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | TII 1.25 04/15/28                                                                            | CUSIP: 91282CGW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1280000 | PA      | $1382726.70   | 0.14%             | 2028-04-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Ascot Group Limited                                                                  | ASCOTG V6.349 06/15/35 144A                                                                  | CUSIP: 04365XAB4<br>LEI: 213800DJV7WRJBE2II28 | Long             | DBT              | CORP              | BM        |      320000 | PA      | $333564.17    | 0.03%             | 2035-06-15      | Fixed         | 6.35%                 | Yes           |                  2 | On Loan: No      |
| Nassau Companies Of New York                                                         | NASSAU 7.875 07/15/30 144A                                                                   | CUSIP: 63155AAA6<br>LEI: 549300Q3ENSFI87YLC32 | Long             | DBT              | CORP              | US        |      100000 | PA      | $101987.10    | 0.01%             | 2030-07-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: —       |
| American National Group Inc.                                                         | ANGINC V7 12/01/55                                                                           | CUSIP: 025676AR8<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |      275000 | PA      | $280843.20    | 0.03%             | 2055-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB6322                                                                                    | CUSIP: 3140QSAY7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       34697 | PA      | $35274.40     | 0.00%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4 01/15/27                                                                                 | CUSIP: 91282CJT9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1332700 | PA      | $1337385.27   | 0.14%             | 2027-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                                     | DUK 5.8 06/15/54                                                                             | CUSIP: 26441CCF0<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |      246000 | PA      | $248477.68    | 0.03%             | 2054-06-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Becton, Dickinson and Company                                                        | BDX 5.081 06/07/29                                                                           | CUSIP: 075887CU1<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |       68000 | PA      | $69806.15     | 0.01%             | 2029-06-07      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V4.915 01/24/29                                                                          | CUSIP: 46647PEU6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |       57000 | PA      | $58012.38     | 0.01%             | 2029-01-24      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| RFMSI Series 2006-S8 Trust                                                           | RFMSI 2006-SA4 2A1                                                                           | CUSIP: 74958CAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       17613 | PA      | $14821.03     | 0.00%             | 2036-11-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                                                                                    | CUSIP: 01F0426B4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Short            | ABS-MBS          | USGSE             | US        |    -2326000 | PA      | $-2266969.54  | -0.23%            | 2049-12-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2-30YR-Multi                                                                                | CUSIP: 21H0506B3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     2057000 | PA      | $2050506.46   | 0.21%             | 2049-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA8388                                                                                    | CUSIP: 3140QGKA4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      310615 | PA      | $293884.15    | 0.03%             | 2035-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 3.875 04/15/30                                                                          | CUSIP: 87264ABF1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |      322000 | PA      | $315398.75    | 0.03%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                                                                                    | CUSIP: 01F0426C2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     2418000 | PA      | $2355595.72   | 0.24%             | 2049-12-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                                                                                    | CUSIP: 01F0326B5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     8500000 | PA      | $7835819.44   | 0.81%             | 2049-12-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Santander UK Group Holdings PLC                                                      | SANUK V5.136 09/22/36                                                                        | CUSIP: 80281LAY1<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |      200000 | PA      | $198198.46    | 0.02%             | 2036-09-22      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co LP / PTL Finance Corp.                                       | PENSKE 5.25 07/01/29 144A                                                                    | CUSIP: 709599CA0<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |      320000 | PA      | $329445.02    | 0.03%             | 2029-07-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-15YR                                                                                    | CUSIP: 01F0324B7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Short            | ABS-MBS          | USGSE             | US        |      -21000 | PA      | $-20339.33    | -0.00%            | 2049-12-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TEXAS ST                                                                             | TX TXS 5.52 04/01/2039                                                                       | CUSIP: 882722KF7<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |       95000 | PA      | $98939.12     | 0.01%             | 2039-04-01      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| GOLUB CAP. PARTNERS C FRN                                                            | GOLUB CAP. PARTNERS C FRN                                                                    | CUSIP: 38182GAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1100000 | PA      | $1100000.00   | 0.11%             | 2038-11-09      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| United Air Lines, Inc.                                                               | UAL 5.8 01/15/36                                                                             | CUSIP: 90932LAJ6<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | ABS-O            | CORP              | US        |      317210 | PA      | $331031.49    | 0.03%             | 2036-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Venture Global LNG Inc.                                                              | VENLNG 9.5 02/01/29 144A                                                                     | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |      510000 | PA      | $548894.13    | 0.06%             | 2029-02-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: —       |
| Polaris Inc.                                                                         | PII 6.95 03/15/29                                                                            | CUSIP: 731068AA0<br>LEI: 549300QJSN8UVWN1EI78 | Long             | DBT              | CORP              | US        |      310000 | PA      | $329679.11    | 0.03%             | 2029-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: —       |
| Federal National Mortgage Association                                                | FNMA-30YR                                                                                    | CUSIP: 01F0406B8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       11000 | PA      | $10435.78     | 0.00%             | 2049-12-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BAY AREA TOLL AUTH CALIF                                                             | CA BAYTRN 7.04 04/01/2050                                                                    | CUSIP: 072024NV0<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |      160000 | PA      | $186867.20    | 0.02%             | 2050-04-01      | Fixed         | 7.04%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                     | NRG 4.45 06/15/29 144A                                                                       | CUSIP: 629377CL4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |      185000 | PA      | $183755.12    | 0.02%             | 2029-06-15      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD7534                                                                                    | CUSIP: 3132DVLP8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      362001 | PA      | $315369.92    | 0.03%             | 2051-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Triton Container International Ltd.                                                  | TRTN 3.15 06/15/31 144A                                                                      | CUSIP: 89680YAC9<br>LEI: 549300O4LZFLCX53XZ54 | Long             | DBT              | CORP              | BM        |      380000 | PA      | $343671.89    | 0.04%             | 2031-06-15      | Fixed         | 3.15%                 | Yes           |                  2 | On Loan: No      |
| JM COMMERCIAL MORTGAGE TRUST 2024-M                                                  | JW 2024-MRCO A                                                                               | CUSIP: 46657XAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $100125.00    | 0.01%             | 2039-06-15      | Floating      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| AEP Texas Inc                                                                        | AEP 5.7 05/15/34                                                                             | CUSIP: 00108WAT7<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |      125000 | PA      | $130434.78    | 0.01%             | 2034-05-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: —       |
| AMERICAN MUN PWR OHIO INC                                                            | OH AMEPWR 8.08 02/15/2050                                                                    | CUSIP: 02765UEK6<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |       75000 | PA      | $96500.87     | 0.01%             | 2050-02-15      | Fixed         | 8.08%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                                                                                    | CUSIP: 01F0306B9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Short            | ABS-MBS          | USGSE             | US        |     -335300 | PA      | $-297054.84   | -0.03%            | 2049-12-31      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CIFC Funding 2012-III Ltd.                                                           | CIFC 2017-4A A1R                                                                             | CUSIP: 12551JAL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       38908 | PA      | $38905.76     | 0.00%             | 2030-10-24      | Floating      | 5.08%                 | Yes           |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 3.5 07/15/51                                                                             | CUSIP: 404119CB3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |      308000 | PA      | $213330.71    | 0.02%             | 2051-07-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Farmers Insurance Exchange Inc.                                                      | FARMER V7 10/15/64 144A                                                                      | CUSIP: 309601AG7<br>LEI: 549300UWG2TLX1GZVT44 | Long             | DBT              | CORP              | US        |      330000 | PA      | $342123.54    | 0.04%             | 2064-10-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Beacon Funding Trust                                                                 | LIBMUT 6.266 08/15/54                                                                        | CUSIP: 073952AB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      340000 | PA      | $349358.94    | 0.04%             | 2054-08-15      | Fixed         | 6.27%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V2.972 02/04/33 MTN                                                                      | CUSIP: 06051GKK4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      569000 | PA      | $518871.58    | 0.05%             | 2033-02-04      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB2838                                                                                    | CUSIP: 3140QNEL2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      406913 | PA      | $335805.89    | 0.03%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Silver Point CLO 7 Ltd.                                                              | SPCLO 2024-7A A1                                                                             | CUSIP: 82808UAA3<br>LEI: 254900UZNMKMPK9GWJ82 | Long             | ABS-CBDO         | CORP              | KY        |      250000 | PA      | $250705.85    | 0.03%             | 2038-01-15      | Floating      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| Embraer Netherlands Finance B.V.                                                     | EMBRBZ 5.98 02/11/35                                                                         | CUSIP: 29082HAE2<br>LEI: 724500PBR8LR26XBSP67 | Long             | DBT              | CORP              | NL        |      283000 | PA      | $304295.75    | 0.03%             | 2035-02-11      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                                                        | CA CAS 7.5 04/01/2034                                                                        | CUSIP: 13063A5E0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |       65000 | PA      | $76461.54     | 0.01%             | 2034-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY MUN WTR FIN AUTH                                                   | NY NYCUTL 5.88 06/15/2044                                                                    | CUSIP: 64972FY34<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |       30000 | PA      | $31328.20     | 0.00%             | 2044-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Citycon Treasury B.V.                                                                | CITCON 5.375 07/08/31 EMTn                                                                   | CUSIP: N2R95FBE3<br>LEI: 549300WAE0CGQ0IE1H63 | Long             | DBT              | CORP              | NL        |      100000 | PA      | $115611.83    | 0.01%             | 2031-07-08      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| PRPM 2025-NQM3 TRUST                                                                 | PRPM 2025-NQM3 A1                                                                            | CUSIP: 69382NAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      110498 | PA      | $111212.33    | 0.01%             | 2070-05-25      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| COLT 2025-8 MORTGAGE LOAN TRUST                                                      | COLT 2025-8 A1                                                                               | CUSIP: 19689DAA7<br>LEI: 2138009IZ4NQZAKAEN75 | Long             | ABS-O            | CORP              | US        |       97812 | PA      | $98686.78     | 0.01%             | 2070-08-25      | Variable      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| EQT Corporation                                                                      | EQT 7.5 06/01/30                                                                             | CUSIP: 26884LBB4<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |     1157000 | PA      | $1274648.15   | 0.13%             | 2030-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                           | BATSLN 4.625 03/22/33                                                                        | CUSIP: 054989AF5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |      155000 | PA      | $153129.22    | 0.02%             | 2033-03-22      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA6849                                                                                    | CUSIP: 3140QETF9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       61182 | PA      | $59045.54     | 0.01%             | 2035-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH N Y & N J                                                                  | NY PORTRN 4.93 10/01/2051                                                                    | CUSIP: 73358WEK6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |       85000 | PA      | $81455.99     | 0.01%             | 2051-10-01      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2-30YR-Multi                                                                                | CUSIP: 21H0326B1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       52000 | PA      | $47591.45     | 0.00%             | 2049-12-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA6823                                                                                    | CUSIP: 36179VSL5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        6053 | PA      | $5997.83      | 0.00%             | 2050-08-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                          | VZ 1.5 09/18/30                                                                              | CUSIP: 92343VFL3<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |       61000 | PA      | $53362.16     | 0.01%             | 2030-09-18      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2-30YR-Multi                                                                                | CUSIP: 21H0226B2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     1094000 | PA      | $946779.28    | 0.10%             | 2049-12-31      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FP0025                                                                                    | CUSIP: 3140XTA35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       77016 | PA      | $63068.67     | 0.01%             | 2050-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V5.012 01/23/30                                                                          | CUSIP: 46647PEB8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |      530000 | PA      | $542886.20    | 0.06%             | 2030-01-23      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB7142                                                                                    | CUSIP: 3140QS5C1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       60352 | PA      | $63187.36     | 0.01%             | 2053-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V5.831 04/19/35                                                                           | CUSIP: 61747YFR1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      320000 | PA      | $341193.78    | 0.04%             | 2035-04-19      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| MIDCAP FUNDING TL                                                                    | MIDCAP FUNDING TL                                                                            | CUSIP: 59568AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      250000 | PA      | $250092.50    | 0.03%             | 2027-04-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| South Africa (Republic of)                                                           | SAGB 8.5 01/31/37 2037                                                                       | CUSIP: S69124TY1<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     4907000 | PA      | $266621.24    | 0.03%             | 2037-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 3 02/15/48                                                                                 | CUSIP: 912810SA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1433000 | PA      | $1093726.06   | 0.11%             | 2048-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM9730                                                                                    | CUSIP: 3140XDY42<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       75679 | PA      | $62455.06     | 0.01%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD0783                                                                                    | CUSIP: 3132DM2Q7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       44346 | PA      | $36597.05     | 0.00%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                          | COF V6.051 02/01/35                                                                          | CUSIP: 14040HDF9<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |      320000 | PA      | $339312.25    | 0.04%             | 2035-02-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL PARTNERS CLO 83 M                                                      | GOCAP 2025-83A B                                                                             | CUSIP: 38182EAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      400000 | PA      | $400011.24    | 0.04%             | 2038-11-09      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2025-C35                                                        | BBCMS 2025-C35 D                                                                             | CUSIP: 07337DAQ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       25000 | PA      | $19859.53     | 0.00%             | 2058-07-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2025-8                                                      | AOMT 2025-8 A1                                                                               | CUSIP: 03466UAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      110435 | PA      | $111062.82    | 0.01%             | 2070-07-25      | Variable      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley ABS Capital I Inc                                                     | MSAC 2006-HE8 A2FP                                                                           | CUSIP: 61750SAB8<br>LEI: 549300RLSHIMYD3FZB52 | Long             | ABS-O            | CORP              | US        |       29289 | PA      | $12858.46     | 0.00%             | 2036-10-25      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V5.707 04/22/28 MTN                                                                      | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |      259000 | PA      | $264672.54    | 0.03%             | 2028-04-22      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Indymac Indx Mortgage Loan Trust 2006 Ar19                                           | INDX 2006-AR41 A3                                                                            | CUSIP: 45668NAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        8754 | PA      | $8462.06      | 0.00%             | 2037-02-25      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| Adler Financing S.a r.l.                                                             | ADLFIN 8.25 12/31/28 1L                                                                      | CUSIP: L5R77RAA3<br>LEI: 213800BAQB59IVKP7S93 | Long             | DBT              | CORP              | LU        |       80621 | PA      | $100630.83    | 0.01%             | 2028-12-31      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MARINER FINANCE ISSUANCE TRUST 2025-A                                                | MFIT 2025-AA A                                                                               | CUSIP: 567920AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      219000 | PA      | $220817.52    | 0.02%             | 2038-05-20      | Fixed         | 4.98%                 | Yes           |                  2 | On Loan: No      |
| Viper Energy Partners LLC                                                            | VNOM 5.7 08/01/35                                                                            | CUSIP: 92764MAB0<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |      111000 | PA      | $113179.49    | 0.01%             | 2035-08-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Extra Space Storage LP                                                               | EXR 5.9 01/15/31                                                                             | CUSIP: 30225VAR8<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |       12000 | PA      | $12746.47     | 0.00%             | 2031-01-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2023-7                                                      | AOMT 2023-7 A1                                                                               | CUSIP: 03466DAA0<br>LEI: 254900DRGJVOF9SOT744 | Long             | ABS-O            | CORP              | US        |      100662 | PA      | $100197.32    | 0.01%             | 2067-11-25      | Variable      | 4.80%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V4.995 07/22/30                                                                          | CUSIP: 46647PEJ1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     1997000 | PA      | $2048831.50   | 0.21%             | 2030-07-22      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRKCM 2023-AFC1 TRUST                                                                | PRKCM 2023-AFC1 B1                                                                           | CUSIP: 693981AE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      226000 | PA      | $225588.77    | 0.02%             | 2058-02-25      | Variable      | 7.42%                 | Yes           |                  2 | On Loan: No      |
| Evergy Metro Inc.                                                                    | EVRG 5.125 08/15/35                                                                          | CUSIP: 30037DAE5<br>LEI: 1128SIJQ26096WL7IO82 | Long             | DBT              | CORP              | US        |      875000 | PA      | $887770.16    | 0.09%             | 2035-08-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BDS 2025-FL15 LLC                                                                    | BDS 2025-FL15 AS                                                                             | CUSIP: 05556EAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      850000 | PA      | $849635.27    | 0.09%             | 2043-03-19      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2025-6                                                    | VERUS 2025-6 A1                                                                              | CUSIP: 92540YAA7<br>LEI: 213800KZO2G8SSFFDH61 | Long             | ABS-O            | CORP              | US        |      268426 | PA      | $270163.15    | 0.03%             | 2070-07-25      | Variable      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| Washg Mutual 7-He1                                                                   | WMABS 2007-HE1 2A2                                                                           | CUSIP: 93935KAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       35633 | PA      | $11190.98     | 0.00%             | 2036-11-25      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V5.173 01/16/30                                                                           | CUSIP: 61747YFK6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |       20000 | PA      | $20538.56     | 0.00%             | 2030-01-16      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2-30YR-Multi                                                                                | CUSIP: 21H0426B0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     1478000 | PA      | $1442278.60   | 0.15%             | 2049-12-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                             | VST 6 04/15/34 144A                                                                          | CUSIP: 92840VAS1<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |      466000 | PA      | $488799.98    | 0.05%             | 2034-04-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Household Capital 2025-1 RMBS                                                        | HHCAU 2025-1 A                                                                               | CUSIP: Q0288QAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | AU        |       59153 | PA      | $38743.68     | 0.00%             | 2087-07-21      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2-30YR-Multi                                                                                | CUSIP: 21H0406B4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      538000 | PA      | $508750.49    | 0.05%             | 2049-12-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY CALIF                                                                     | CA UNVHGR 4.86 05/15/2112                                                                    | CUSIP: 91412GHA6<br>LEI: RRR42I7GG51DB5HDQR14 | Long             | DBT              | MUN               | US        |       25000 | PA      | $21626.68     | 0.00%             | 2112-05-15      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners Clo X                                                        | BSP 2016-10A A1R3                                                                            | CUSIP: 08181LBE6<br>LEI: 549300MYLNCW81S1Y182 | Long             | ABS-CBDO         | CORP              | KY        |      322000 | PA      | $322655.91    | 0.03%             | 2038-07-20      | Floating      | 5.18%                 | Yes           |                  2 | On Loan: No      |
| MVM Energetika Zartkoruen Mukodo Reszvenytarsasag                                    | MVMHU 6.5 03/13/31                                                                           | CUSIP: X5T03SAD9<br>LEI: 529900ELI5AQ9F74PF85 | Long             | DBT              | CORP              | HU        |      298000 | PA      | $316324.41    | 0.03%             | 2031-03-13      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-15YR                                                                                    | CUSIP: 01F0224B8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       12000 | PA      | $11286.29     | 0.00%             | 2049-12-31      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PORT AUTH N Y & N J                                                                  | NY PORTRN 4.96 08/01/2046                                                                    | CUSIP: 73358WRP1<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |       60000 | PA      | $57618.56     | 0.01%             | 2046-08-01      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR ZA6116                                                                                    | CUSIP: 31329PYM9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      101671 | PA      | $101204.32    | 0.01%             | 2049-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2025-C35                                                        | BBCMS 2025-C35 B                                                                             | CUSIP: 07337DAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       14000 | PA      | $14557.31     | 0.00%             | 2058-07-15      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 2 11/15/26                                                                                 | CUSIP: 912828U24<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1385800 | PA      | $1361558.60   | 0.14%             | 2026-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 2.75 11/15/47                                                                              | CUSIP: 912810RZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     3558600 | PA      | $2601253.19   | 0.27%             | 2047-11-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC.                                                               | FABSJV 6.25 01/25/35                                                                         | CUSIP: 350930AD5<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |      200000 | PA      | $212837.62    | 0.02%             | 2035-01-25      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| AT&T Inc                                                                             | T 6.05 08/15/56                                                                              | CUSIP: 00206RMZ2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |      359000 | PA      | $369035.29    | 0.04%             | 2056-08-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | TII 2.375 02/15/55                                                                           | CUSIP: 912810UH9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      910000 | PA      | $923296.16    | 0.10%             | 2055-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| CLI FUNDING IX LLC                                                                   | CLIF 2025-1A A                                                                               | CUSIP: 12571WAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      821313 | PA      | $830460.78    | 0.09%             | 2050-06-20      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD0892                                                                                    | CUSIP: 3132DM7D1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      283110 | PA      | $234109.11    | 0.02%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MSWF COMMERCIAL MORTGAGE TRUST 2023                                                  | MSWF 2023-2 XA                                                                               | CUSIP: 55361AAV6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      997632 | PA      | $56491.93     | 0.01%             | 2056-12-15      | Variable      | 1.14%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2025-5                                                    | VERUS 2025-5 A1                                                                              | CUSIP: 92540XAA9<br>LEI: 213800Z7TIVJRAYLRV98 | Long             | ABS-O            | CORP              | US        |      116350 | PA      | $117071.61    | 0.01%             | 2070-06-25      | Variable      | 5.43%                 | Yes           |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2025-C35                                                        | BBCMS 2025-C35 A5                                                                            | CUSIP: 07337DAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      171000 | PA      | $180561.62    | 0.02%             | 2058-07-15      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| CNX Resources Corporation                                                            | CNX 7.25 03/01/32 144A                                                                       | CUSIP: 12653CAL2<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |      145000 | PA      | $151183.53    | 0.02%             | 2032-03-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 6.1 04/01/64                                                                             | CUSIP: 404119CW7<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |       79000 | PA      | $79858.11     | 0.01%             | 2064-04-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| ANCHOR MORTGAGE TRUST 2025-RTL1                                                      | ANCHR 2025-RTL1 A1                                                                           | CUSIP: 03290CAA4<br>LEI: 254900S7O2LYCU17JI96 | Long             | ABS-O            | CORP              | US        |      800000 | PA      | $802093.92    | 0.08%             | 2040-05-25      | Variable      | 5.72%                 | Yes           |                  2 | On Loan: No      |
| Plains All American Pipeline L.P.                                                    | PAA 5.6 01/15/36                                                                             | CUSIP: 72650RBS0<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |      375000 | PA      | $378871.50    | 0.04%             | 2036-01-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH N Y                                                         | NY MTATRN 6.67 11/15/2039                                                                    | CUSIP: 59259YBY4<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |       70000 | PA      | $77170.33     | 0.01%             | 2039-11-15      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| MUNICIPAL ELEC AUTH GA                                                               | GA MELPWR 6.64 04/01/2057                                                                    | CUSIP: 626207YF5<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |       38000 | PA      | $41745.33     | 0.00%             | 2057-04-01      | Fixed         | 6.64%                 | No            |                  2 | On Loan: No      |
| Sumitomo Life Insurance Co.                                                          | SUMILF V5.875 09/10/55 144A                                                                  | CUSIP: 86564CAF7<br>LEI: 549300I5OQCDADQSPI57 | Long             | DBT              | CORP              | JP        |      200000 | PA      | $204287.00    | 0.02%             | 2055-09-10      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: —       |
| CERBERUS LOAN FUNDING 52 LLC                                                         | CERB 2025-3A A                                                                               | CUSIP: 15675MAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      400000 | PA      | $402318.00    | 0.04%             | 2037-10-15      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 2025-DSC2                             | MSRM 2025-DSC2 A1                                                                            | CUSIP: 61778XAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      114081 | PA      | $114780.26    | 0.01%             | 2070-07-25      | Variable      | 5.44%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FN MA4467                                                                                    | CUSIP: 31418D6D9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       51737 | PA      | $46123.88     | 0.00%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 4.8 09/26/32                                                                            | CUSIP: 68389XDK8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |      175000 | PA      | $173198.27    | 0.02%             | 2032-09-26      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 6.1 09/26/65                                                                            | CUSIP: 68389XDT9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |       75000 | PA      | $71521.07     | 0.01%             | 2065-09-26      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| First American Financial Corporation                                                 | FAF 4 05/15/30                                                                               | CUSIP: 31847RAG7<br>LEI: 549300B6VEZK3N0A1P55 | Long             | DBT              | CORP              | US        |      460000 | PA      | $445030.02    | 0.05%             | 2030-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| Northern Institutional Funds                                                         | Northern Institutional Funds TREAS PRT PRMR                                                  | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |     9899208 | NS      | $9899208.44   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Vantage Data Centers Germany Borrower Lux S.a r.l.                                   | VDCDE 2025-1X A2                                                                             | CUSIP: L9626ZAB0<br>LEI: 2549008VW14T3IH21H24 | Long             | ABS-O            | CORP              | LU        |      171000 | PA      | $201077.65    | 0.02%             | 2050-06-28      | Fixed         | 4.29%                 | Yes           |                  2 | On Loan: No      |
| Clarios Global LP / Clarios US Finance Company Inc                                   | POWSOL 4.75 06/15/31 REGS                                                                    | CUSIP: YN0904816<br>LEI: 549300474L1ZLXZY2P98 | Long             | DBT              | CORP              | CA        |      100000 | PA      | $117852.39    | 0.01%             | 2031-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Penn Mutual Life Insurance Co.                                                       | PMUL 3.8 04/29/61 144A                                                                       | CUSIP: 707567AE3<br>LEI: BIYXEJSLUQ3IWFUXX074 | Long             | DBT              | CORP              | US        |      510000 | PA      | $346363.29    | 0.04%             | 2061-04-29      | Fixed         | 3.80%                 | Yes           |                  2 | On Loan: —       |
| Jefferies Finance LLC/JFIN Co-Issuer Corp                                            | JEFFIN 5 08/15/28                                                                            | CUSIP: 47232MAF9<br>LEI: 549300SKVB18YSSIDT75 | Long             | DBT              | CORP              | US        |      570000 | PA      | $539719.96    | 0.06%             | 2028-08-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Flowserve Corporation                                                                | FLS 2.8 01/15/32                                                                             | CUSIP: 34355JAB4<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | DBT              | CORP              | US        |       62000 | PA      | $55152.59     | 0.01%             | 2032-01-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Figre Trust 2023-HE1                                                                 | FIGRE 2025-PF1 B                                                                             | CUSIP: 316922AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      646245 | PA      | $654985.29    | 0.07%             | 2055-06-25      | Variable      | 5.91%                 | Yes           |                  2 | On Loan: No      |
| Citadel Securities Global Holdings LLC                                               | CITSEC 6.2 06/18/35                                                                          | CUSIP: 17289RAB2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | DBT              | CORP              | US        |      250000 | PA      | $262291.00    | 0.03%             | 2035-06-18      | Fixed         | 6.20%                 | Yes           |                  2 | On Loan: No      |
| AASET MT-1 LTD                                                                       | AASET 2025-2A A                                                                              | CUSIP: 00039NAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      536942 | PA      | $539871.31    | 0.06%             | 2050-02-16      | Fixed         | 5.52%                 | Yes           |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                          | COF V5.197 09/11/36                                                                          | CUSIP: 14040HDN2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |      150000 | PA      | $149004.58    | 0.02%             | 2036-09-11      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon Corp.                                                    | BK V5.95 PERP                                                                                | CUSIP: 064058AR1<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |      880000 | PA      | $893440.24    | 0.09%             | 2049-12-31      | Fixed         | 5.95%                 | No            |                  2 | On Loan: —       |
| Federal National Mortgage Association                                                | FNMA-15YR                                                                                    | CUSIP: 01F0304B1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Short            | ABS-MBS          | USGSE             | US        |     -154000 | PA      | $-147549.52   | -0.02%            | 2049-12-31      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                                                                                    | CUSIP: 01F0226B6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Short            | ABS-MBS          | USGSE             | US        |     -130400 | PA      | $-110692.19   | -0.01%            | 2049-12-31      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| QTS THUNDER 5.42%                                                                    | QTS THUNDER 5.42%                                                                            | CUSIP: 74699AEH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1625000 | PA      | $1625000.00   | 0.17%             | 2032-08-21      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| PROVIDENT FUNDING MORTGAGE TRUST 2025-4                                              | PFMT 2025-4 A4                                                                               | CUSIP: 74387AAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      245781 | PA      | $246996.78    | 0.03%             | 2055-09-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 2.5 02/15/45                                                                               | CUSIP: 912810RK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     3008200 | PA      | $2178477.34   | 0.23%             | 2045-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 2.25 08/15/49                                                                              | CUSIP: 912810SJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1430000 | PA      | $923467.19    | 0.10%             | 2049-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| HONO MORTGAGE TRUST 2021-LULU                                                        | HONO 2021-LULU A                                                                             | CUSIP: 40390MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      320300 | PA      | $317097.00    | 0.03%             | 2036-10-15      | Floating      | 5.30%                 | Yes           |                  2 | On Loan: No      |
| Secretaria Do Tesouro Nacional                                                       | BNTNF 10 01/01/35 NTNF                                                                       | CUSIP: P8T60NQG9<br>LEI: N/A                  | Long             | DBT              | NUSS              | BR        |    14386000 | PA      | $2190082.88   | 0.23%             | 2035-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| EFMT 2025-INV3                                                                       | EFMT 2025-INV3 A1                                                                            | CUSIP: 26847NAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      114132 | PA      | $114303.66    | 0.01%             | 2070-07-25      | Variable      | 5.44%                 | Yes           |                  2 | On Loan: No      |
| Washg Mutual 7-He1                                                                   | WMABS 2007-HE1 2A1                                                                           | CUSIP: 93935KAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        4040 | PA      | $1263.78      | 0.00%             | 2036-11-25      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V5.499 01/23/35                                                                          | CUSIP: 95000U3K7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |       22000 | PA      | $22965.88     | 0.00%             | 2035-01-23      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TPK AUTH                                                               | NJ NJSTRN 7.41 01/01/2040                                                                    | CUSIP: 646139W35<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |      106000 | PA      | $128204.65    | 0.01%             | 2040-01-01      | Fixed         | 7.41%                 | No            |                  2 | On Loan: No      |
| Volkswagen International Finance N.V.                                                | VW V5.994 PERP .                                                                             | CUSIP: N93695UU1<br>LEI: 5299004PWNHKYTR23649 | Long             | DBT              | CORP              | NL        |      100000 | PA      | $119844.27    | 0.01%             | 2049-12-31      | Fixed         | 5.99%                 | Yes           |                  2 | On Loan: No      |
| CANYON CLO 2020-3. LTD                                                               | CANYC 2020-3A A1R                                                                            | CUSIP: 13876RAN4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      330000 | PA      | $330649.21    | 0.03%             | 2037-10-15      | Floating      | 5.30%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 4.25 11/15/40                                                                              | CUSIP: 912810QL5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1312700 | PA      | $1282548.92   | 0.13%             | 2040-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Blackrock Allocation Target Shs                                                      | Blackrock Allocation Target Shs BATS SER A PT                                                | CUSIP: 092480706<br>LEI: 549300R5YFYF3PL2MC94 | Long             | EC               | RF                | US        |     5928904 | PA      | $56798901.76  | 5.89%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Financial Company Inc                                                 | GM 6.15 07/15/35                                                                             | CUSIP: 37045XFK7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |       70000 | PA      | $73827.07     | 0.01%             | 2035-07-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: —       |
| Motorola Solutions Inc                                                               | MSI 5.55 08/15/35                                                                            | CUSIP: 620076CC1<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |      173000 | PA      | $180137.60    | 0.02%             | 2035-08-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| GOODLEAP HOME IMPROVEMENT SOLUTIONS TRUST 2025-1                                     | GDLP 2025-1A A                                                                               | CUSIP: 38237EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      228400 | PA      | $231305.91    | 0.02%             | 2049-02-20      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 6.125 08/03/65                                                                          | CUSIP: 68389XDC6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |      119000 | PA      | $113713.05    | 0.01%             | 2065-08-03      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Corebridge Global Funding                                                            | CRBG 4.9 08/21/32 144A                                                                       | CUSIP: 00138CBH0<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |      350000 | PA      | $352104.55    | 0.04%             | 2032-08-21      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| GA Global Funding Trust                                                              | GBLATL 4.5 09/18/30 144A                                                                     | CUSIP: 36143L2V6<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |      150000 | PA      | $147964.47    | 0.02%             | 2030-09-18      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA7255                                                                                    | CUSIP: 3140QFBZ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      113131 | PA      | $107196.65    | 0.01%             | 2035-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 3.85 04/01/61                                                                           | CUSIP: 161175BY9<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |      245000 | PA      | $150802.01    | 0.02%             | 2061-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Phillips 66 Co.                                                                      | PSX V6.2 03/15/56 B                                                                          | CUSIP: 718547BA9<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |       50000 | PA      | $50496.60     | 0.01%             | 2056-03-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                                                                                    | CUSIP: 01F0526C1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     3500000 | PA      | $3533577.36   | 0.37%             | 2049-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS7940                                                                                    | CUSIP: 3140XPZE2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      202983 | PA      | $202040.40    | 0.02%             | 2053-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TRITON CONTAINER FINANCE IX LLC                                                      | TCF 2025-1A A                                                                                | CUSIP: 89679QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      776000 | PA      | $786454.50    | 0.08%             | 2050-06-20      | Fixed         | 5.43%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GNR 2025-88 AT                                                                               | CUSIP: 38381MRL6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |       40443 | PA      | $40525.92     | 0.00%             | 2058-06-16      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORL TRUST 2024-GLKS MORTGAGE TRUST                                                   | ORL 2024-GLKS A                                                                              | CUSIP: 67120DAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $100093.75    | 0.01%             | 2039-12-15      | Floating      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| COLT 2021-5 MORTGAGE LOAN TRUST                                                      | COLT 2021-5 A1                                                                               | CUSIP: 12598RAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       57380 | PA      | $52103.46     | 0.01%             | 2066-11-26      | Variable      | 1.73%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA3149                                                                                    | CUSIP: 31418CQB3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       31078 | PA      | $30066.19     | 0.00%             | 2047-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Secretaria Do Tesouro Nacional                                                       | BNTNF 10 01/01/29 NTNF                                                                       | CUSIP: P8T60MZC0<br>LEI: N/A                  | Long             | DBT              | NUSS              | BR        |     2600000 | PA      | $447025.57    | 0.05%             | 2029-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                                       | BNP V2.871 04/19/32 144A                                                                     | CUSIP: 09659W2P8<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |      330000 | PA      | $299396.48    | 0.03%             | 2032-04-19      | Fixed         | 2.87%                 | Yes           |                  2 | On Loan: No      |
| Assured Guaranty US Holdings Inc.                                                    | AGO 3.6 09/15/51                                                                             | CUSIP: 04621WAE0<br>LEI: 5493007YCE0652G9TZ64 | Long             | DBT              | CORP              | US        |      500000 | PA      | $360264.83    | 0.04%             | 2051-09-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Allianz SE                                                                           | ALVGR V3.2 PERP 144A                                                                         | CUSIP: 018820AB6<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |      800000 | PA      | $753151.28    | 0.08%             | 2049-12-31      | Fixed         | 3.20%                 | Yes           |                  2 | On Loan: —       |
| Becle Sab DE CV                                                                      | JBYCMX 2.5 10/14/31 144A                                                                     | CUSIP: 07586PAA9<br>LEI: 529900JY55CZKMJLCE09 | Long             | DBT              | CORP              | MX        |      400000 | PA      | $345834.92    | 0.04%             | 2031-10-14      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Energy Transfer LP                                                                   | ET 5.95 05/15/54                                                                             | CUSIP: 29273VAW0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |      311000 | PA      | $300194.78    | 0.03%             | 2054-05-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Host Hotels & Resorts, L.P.                                                          | HST 5.7 07/01/34                                                                             | CUSIP: 44107TBB1<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |      830000 | PA      | $851072.01    | 0.09%             | 2034-07-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | TII 2.125 01/15/35                                                                           | CUSIP: 91282CML2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     8180000 | PA      | $8641035.99   | 0.90%             | 2035-01-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Fidelis Insurance Holdings Ltd.                                                      | FIHL V7.75 06/15/55                                                                          | CUSIP: 31575FAC0<br>LEI: 549300CDMGCAGJQ7DX03 | Long             | DBT              | CORP              | BM        |      325000 | PA      | $351052.33    | 0.04%             | 2055-06-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| IMC FINANCING LLC TL                                                                 | IMC FINANCING LLC TL                                                                         | CUSIP: LX2641129<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      299250 | PA      | $301494.38    | 0.03%             | 2032-06-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BH9277                                                                                    | CUSIP: 3140GYJX8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       42449 | PA      | $39834.64     | 0.00%             | 2048-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR ZM1677                                                                                    | CUSIP: 3131XU2J5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      484021 | PA      | $443516.59    | 0.05%             | 2046-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB2139                                                                                    | CUSIP: 3140QMLV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       96774 | PA      | $80223.18     | 0.01%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA6342                                                                                    | CUSIP: 3140QEBL5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      240724 | PA      | $208728.64    | 0.02%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V5.389 04/24/34                                                                          | CUSIP: 95000U3D3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |      384000 | PA      | $398813.51    | 0.04%             | 2034-04-24      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V5.288 04/25/34                                                                          | CUSIP: 06051GLH0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |       51000 | PA      | $52768.85     | 0.01%             | 2034-04-25      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA7137                                                                                    | CUSIP: 36179V4W7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      480849 | PA      | $433435.51    | 0.04%             | 2051-01-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM7599                                                                                    | CUSIP: 3140XBNR7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      208973 | PA      | $194771.19    | 0.02%             | 2051-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V5.164 04/20/29 MTN                                                                       | CUSIP: 61747YFD2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      127000 | PA      | $129838.90    | 0.01%             | 2029-04-20      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BY0557                                                                                    | CUSIP: 3140NGTP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       44900 | PA      | $45778.24     | 0.00%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                               | FHR 5554 A                                                                                   | CUSIP: 3137HMA67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |      461591 | PA      | $465511.36    | 0.05%             | 2053-04-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL PARTNERS CLO 49M-R2 LTD                                                | GOCAP 2020-49A A1R2                                                                          | CUSIP: 38181HAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      850000 | PA      | $852138.86    | 0.09%             | 2038-07-20      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GNR 2025-1 CT                                                                                | CUSIP: 38385CRP5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |      122929 | PA      | $122317.62    | 0.01%             | 2055-01-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Obsidian Issuer 2025-1 LLC                                                           | OBSI 2025-1A A                                                                               | CUSIP: 67449HAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      900000 | PA      | $911531.25    | 0.09%             | 2055-05-15      | Fixed         | 6.93%                 | Yes           |                  2 | On Loan: No      |
| SERVICE EXPERTS ISSUER 2025-1 LLC                                                    | SE 2025-1A A                                                                                 | CUSIP: 81758JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      379673 | PA      | $378834.75    | 0.04%             | 2037-01-20      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| DYAL CAP IV B 5.94%                                                                  | DYAL CAP IV B 5.94%                                                                          | CUSIP: 26199AGM9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      312000 | PA      | $298827.08    | 0.03%             | 2045-08-22      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| DYAL CAP IV A 5.94%                                                                  | DYAL CAP IV A 5.94%                                                                          | CUSIP: 26199AGL1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      338000 | PA      | $323773.82    | 0.03%             | 2045-08-22      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| MEADE PIPELINE TL                                                                    | MEADE PIPELINE TL                                                                            | CUSIP: LX2700354<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      900000 | PA      | $900000.00    | 0.09%             | 2032-09-17      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ELDRIDGE CLO 2025-1 L FRN                                                            | ELDRIDGE CLO 2025-1 L FRN                                                                    | CUSIP: 284913AE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      400000 | PA      | $400000.00    | 0.04%             | 2038-10-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-15YR                                                                                    | CUSIP: 01F0424C4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    16000000 | PA      | $15965602.72  | 1.65%             | 2049-12-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BQ0697                                                                                    | CUSIP: 3140KKX33<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       44701 | PA      | $36636.61     | 0.00%             | 2050-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PRPM 2024-NQM1 TRUST                                                                 | PRPM 2024-NQM1 B1                                                                            | CUSIP: 693977AE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $100775.80    | 0.01%             | 2068-12-25      | Variable      | 7.44%                 | Yes           |                  2 | On Loan: No      |
| Argentum Netherlands B.V.                                                            | SRENVX V5.625 08/15/52                                                                       | CUSIP: N2563PBY9<br>LEI: 724500RPEZI5VVQQWE89 | Long             | DBT              | CORP              | NL        |      330000 | PA      | $333510.60    | 0.03%             | 2052-08-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Textainer Marine Containers Ltd                                                      | TMCL 2021-3A A                                                                               | CUSIP: 88315LAS7<br>LEI: 549300Q7RHLEMSLA9Y26 | Long             | ABS-O            | CORP              | BM        |     1000000 | PA      | $907579.20    | 0.09%             | 2046-08-20      | Fixed         | 1.94%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | TII 2.125 04/15/29                                                                           | CUSIP: 91282CKL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     2870000 | PA      | $3090709.64   | 0.32%             | 2029-04-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC.                                                               | FABSJV 6.4 01/25/38                                                                          | CUSIP: 350930AE3<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |      200000 | PA      | $215828.56    | 0.02%             | 2038-01-25      | Fixed         | 6.40%                 | Yes           |                  2 | On Loan: No      |
| American National Global Funding                                                     | ANGINC 5.25 06/03/30 144A                                                                    | CUSIP: 02771D2B9<br>LEI: 63540033TQXTOXKK1L93 | Long             | DBT              | CORP              | US        |      350000 | PA      | $356625.16    | 0.04%             | 2030-06-03      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| CERBERUS LOAN FUNDING 2025-50                                                        | CERB 2025-1A A                                                                               | CUSIP: 15673UAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      800000 | PA      | $805308.72    | 0.08%             | 2037-07-15      | Floating      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| BP Capital Markets America, Inc.                                                     | BPLN 4.893 09/11/33                                                                          | CUSIP: 10373QBV1<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |       65000 | PA      | $66143.03     | 0.01%             | 2033-09-11      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                                                  | SYF V5.935 08/02/30                                                                          | CUSIP: 87165BAV5<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |      347000 | PA      | $358961.68    | 0.04%             | 2030-08-02      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Australia & New Zealand Banking Group Ltd.                                           | ANZ V5.816 06/18/36 144A                                                                     | CUSIP: 052528AV8<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |      450000 | PA      | $468507.74    | 0.05%             | 2036-06-18      | Fixed         | 5.82%                 | Yes           |                  2 | On Loan: No      |
| Sierra Pacific Power Company                                                         | BRKHEC V6.2 12/15/55                                                                         | CUSIP: 826418BR5<br>LEI: QB888G5GSVGE1LD1WV84 | Long             | DBT              | CORP              | US        |      100000 | PA      | $99904.09     | 0.01%             | 2055-12-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Taco Bell Funding Llc                                                                | BELL 2025-1A A2I                                                                             | CUSIP: 87342RAK0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      250000 | PA      | $248751.20    | 0.03%             | 2055-08-25      | Fixed         | 4.82%                 | Yes           |                  2 | On Loan: No      |
| NAVIGATOR 2025-1 AVIATION LIMITED                                                    | NAVTR 2025-1 A                                                                               | CUSIP: 63943GAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      250000 | PA      | $247535.48    | 0.03%             | 2050-10-15      | Fixed         | 5.11%                 | Yes           |                  2 | On Loan: No      |
| Phillips 66 Co.                                                                      | PSX V5.875 03/15/56 A                                                                        | CUSIP: 718547AZ5<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |       87000 | PA      | $86480.97     | 0.01%             | 2056-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BSPRT 2025-FL12 ISSUER LLC                                                           | BSPRT 2025-FL12 B                                                                            | CUSIP: 05619BAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      150000 | PA      | $149773.02    | 0.02%             | 2043-01-17      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| STORE MASTER FUNDING I - VII XIV XIX XX XXII XXIV XXXVII XXXVIII                     | STR 2025-1A A5                                                                               | CUSIP: 86212FAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      599750 | PA      | $602612.26    | 0.06%             | 2055-10-20      | Fixed         | 5.17%                 | Yes           |                  2 | On Loan: No      |
| ARCHWEST 2025-RTL1                                                                   | ARCHW 2025-RTL1 A1                                                                           | CUSIP: 039966AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      350000 | PA      | $349980.12    | 0.04%             | 2040-10-25      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                   | META 5.55 08/15/64                                                                           | CUSIP: 30303M8W5<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |       51000 | PA      | $49382.84     | 0.01%             | 2064-08-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V4.542 09/19/30                                                                            | CUSIP: 17327CAT0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |      183000 | PA      | $184196.59    | 0.02%             | 2030-09-19      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Golden Tree Loan Management Us Clo                                                   | GLM 2024-23A B                                                                               | CUSIP: 38139KAG4<br>LEI: 254900TP00US14X9AP48 | Long             | ABS-CBDO         | CORP              | KY        |      610000 | PA      | $611460.52    | 0.06%             | 2039-01-20      | Floating      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| ContourGlobal Power Holdings S.A.                                                    | CONGLO 5 02/28/30 REGs                                                                       | CUSIP: L19636AA4<br>LEI: 549300O5AGIFK0PQ1516 | Long             | DBT              | CORP              | LU        |      100000 | PA      | $118466.20    | 0.01%             | 2030-02-28      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Six Flags Entertainment Corp.                                                        | FUN 6.625 05/01/32 144A                                                                      | CUSIP: 83002YAA7<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |      900000 | PA      | $913878.90    | 0.09%             | 2032-05-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Omnis Funding Trust                                                                  | RGA 6.722 05/15/55                                                                           | CUSIP: 68218WAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      400000 | PA      | $426621.58    | 0.04%             | 2055-05-15      | Fixed         | 6.72%                 | Yes           |                  2 | On Loan: No      |
| GOLUB CAP PART 2016-16MR2 LP                                                         | GOCAP 2013-16A BR3                                                                           | CUSIP: 38181EAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     1600000 | PA      | $1602784.80   | 0.17%             | 2039-08-09      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers Clo 34 Ltd                                            | NEUB 2019-32RA B                                                                             | CUSIP: 64135XAC5<br>LEI: 5493009EGZQAPYYVLD80 | Long             | ABS-CBDO         | CORP              | KY        |      800000 | PA      | $801392.16    | 0.08%             | 2039-07-20      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Taco Bell Funding Llc                                                                | BELL 2025-1A A2II                                                                            | CUSIP: 87342RAL8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      250000 | PA      | $249443.58    | 0.03%             | 2055-08-25      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| Carlyle Group Inc                                                                    | CG 5.05 09/19/35                                                                             | CUSIP: 14316JAA6<br>LEI: 529900NGGVF94UK6PG95 | Long             | DBT              | CORP              | US        |      350000 | PA      | $346908.85    | 0.04%             | 2035-09-19      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Bond Stripped Principal Payment                                        | SP 0 05/15/45                                                                                | CUSIP: 912803EN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     8000000 | PA      | $3180089.28   | 0.33%             | 2045-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Macquarie Group Ltd.                                                                 | MQGAU V2.871 01/14/33 144A                                                                   | CUSIP: 55608JAZ1<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |      290000 | PA      | $262261.77    | 0.03%             | 2033-01-14      | Fixed         | 2.87%                 | Yes           |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 4.8 10/15/34                                                                            | CUSIP: 11135FCD1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |      134000 | PA      | $134641.63    | 0.01%             | 2034-10-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| The Boeing Company                                                                   | The Boeing Company 6% SER A DEP SHS REPSTG 1/20TH INT MANDATORY CONV PFD                     | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |         800 | PA      | $51776.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Maple Grove Funding Trust I                                                          | LIFEVT 4.161 08/15/51                                                                        | CUSIP: 565130AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      700000 | PA      | $496384.98    | 0.05%             | 2051-08-15      | Fixed         | 4.16%                 | Yes           |                  2 | On Loan: No      |
| Flutter Treasury Designated Activity Co.                                             | FLTR 6.375 04/29/29 144a                                                                     | CUSIP: 344045AA7<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |      320000 | PA      | $331546.56    | 0.03%             | 2029-04-29      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: —       |
| GOLUB CAP PART 2016-16MR2 LP                                                         | GOCAP 2013-16A A1R3                                                                          | CUSIP: 38181EAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     1500000 | PA      | $1506148.65   | 0.16%             | 2039-08-09      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.125 05/31/32                                                                             | CUSIP: 91282CNF4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1250000 | PA      | $1268847.65   | 0.13%             | 2032-05-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2025-6                                                        | SEMT 2025-6 A11                                                                              | CUSIP: 81749YAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      717402 | PA      | $718727.57    | 0.07%             | 2055-07-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Rocket Companies Inc                                                                 | RKT 6.375 08/01/33 144A                                                                      | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      150000 | PA      | $156259.50    | 0.02%             | 2033-08-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS0378                                                                                    | CUSIP: 3140XFM40<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      275628 | PA      | $239263.15    | 0.02%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB2856                                                                                    | CUSIP: 3140QNE65<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      242469 | PA      | $209824.48    | 0.02%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CERBERUS LOAN FUNDING 2025-50                                                        | CERB 2025-1A B                                                                               | CUSIP: 15673UAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      800000 | PA      | $802767.84    | 0.08%             | 2037-07-15      | Floating      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| STATION PLACE SECURIT FRN                                                            | STATION PLACE SECURIT FRN                                                                    | CUSIP: 857936AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1750000 | PA      | $1750000.00   | 0.18%             | 2026-09-25      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 5.875 09/26/45                                                                          | CUSIP: 68389XDP7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |      125000 | PA      | $120355.72    | 0.01%             | 2045-09-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 5.95 09/26/55                                                                           | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |      300000 | PA      | $284428.34    | 0.03%             | 2055-09-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BSPRT 2025-FL12 ISSUER LLC                                                           | BSPRT 2025-FL12 AS                                                                           | CUSIP: 05619BAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      150000 | PA      | $149345.54    | 0.02%             | 2043-01-17      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Brookfield Finance Inc.                                                              | BNCN 3.625 02/15/52                                                                          | CUSIP: 11271LAJ1<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |      490000 | PA      | $351767.59    | 0.04%             | 2052-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| GXO Logistics Inc.                                                                   | GXO 6.25 05/06/29                                                                            | CUSIP: 36262GAF8<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |      320000 | PA      | $336341.86    | 0.03%             | 2029-05-06      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Reinsurance Group of America, Incorporated                                           | RGA 5.75 09/15/34                                                                            | CUSIP: 759351AS8<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |      320000 | PA      | $334044.84    | 0.03%             | 2034-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM18 TRUST                                                                 | OBX 2024-NQM18 A3                                                                            | CUSIP: 673913AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      632778 | PA      | $636662.87    | 0.07%             | 2064-10-25      | Variable      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                                  | NextEra Energy Capital Holdings Inc SERIES U JUNIOR SUBORDINATED DEBENTURES DUE JUNE 1, 2085 | CUSIP: 65339K837<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | EP               | CORP              | US        |       50000 | PA      | $12800.00     | 0.00%             | 2085-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust 2022-NQM3                                            | BRAVO 2025-NQM8 A2                                                                           | CUSIP: 10571JAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      817828 | PA      | $819142.71    | 0.08%             | 2065-06-25      | Variable      | 5.29%                 | Yes           |                  2 | On Loan: No      |
| FIGRE TRUST 2025-PF2                                                                 | FIGRE 2025-PF2 A                                                                             | CUSIP: 316918AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      295658 | PA      | $294699.45    | 0.03%             | 2055-10-25      | Variable      | 5.02%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA5854                                                                                    | CUSIP: 31418FQG5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     5317510 | PA      | $5440540.57   | 0.56%             | 2055-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RWC COMMERCIAL MORTGAGE 2025-1                                                       | RWC 2025-1 A                                                                                 | CUSIP: 78348LAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      350000 | PA      | $350076.83    | 0.04%             | 2040-06-25      | Fixed         | 5.01%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA5880                                                                                    | CUSIP: 31418FRA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     7148000 | PA      | $7317751.42   | 0.76%             | 2055-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DB Master Finance LLC                                                                | DNKN 2025-1A A2II                                                                            | CUSIP: 233046AW1<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |      150000 | PA      | $150972.83    | 0.02%             | 2055-08-20      | Fixed         | 5.17%                 | Yes           |                  2 | On Loan: No      |
| Enbridge Inc.                                                                        | ENBCN 5.625 04/05/34                                                                         | CUSIP: 29250NCC7<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |      320000 | PA      | $333979.94    | 0.03%             | 2034-04-05      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Jefferies Financial Group Inc                                                        | JEF 6.2 04/14/34                                                                             | CUSIP: 47233WEJ4<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |      800000 | PA      | $839556.95    | 0.09%             | 2034-04-14      | Fixed         | 6.20%                 | No            |                  2 | On Loan: —       |
| Nuveen LLC                                                                           | TIAAGL 5.85 04/15/34 144A                                                                    | CUSIP: 67080LAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      320000 | PA      | $337580.59    | 0.03%             | 2034-04-15      | Fixed         | 5.85%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4 05/31/30                                                                                 | CUSIP: 91282CNG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    14500000 | PA      | $14688613.25  | 1.52%             | 2030-05-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                                          | RCKT 2025-CES6 A1A                                                                           | CUSIP: 748949AA2<br>LEI: 2549002LEW4WNQBOMB89 | Long             | ABS-O            | CORP              | US        |     1598504 | PA      | $1612728.66   | 0.17%             | 2055-06-25      | Variable      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| Marriott International, Inc.                                                         | MAR 5.25 10/15/35                                                                            | CUSIP: 571903BX0<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |      330000 | PA      | $333623.47    | 0.03%             | 2035-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PLACEHOLD HOPE GAS HOLDIN                                                            | PLACEHOLD HOPE GAS HOLDIN                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      200000 | PA      | $200000.00    | 0.02%             | 2037-09-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PLACEHOLD HV STRUCTURED                                                              | PLACEHOLD HV STRUCTURED                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      400000 | PA      | $400000.00    | 0.04%             | 2030-09-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ARES DIRECT LENDING CLO 7 LLC                                                        | ARESDL 2025-3A B                                                                             | CUSIP: 039973AE2<br>LEI: 254900FZTAJNX33DJ460 | Long             | ABS-CBDO         | CORP              | US        |      250000 | PA      | $250253.00    | 0.03%             | 2038-01-20      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 5.25 02/13/34                                                                             | CUSIP: 718172DJ5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |      320000 | PA      | $329831.07    | 0.03%             | 2034-02-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PLACEHOLD AIRTRAX INC                                                                | PLACEHOLD AIRTRAX INC                                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      300000 | PA      | $300000.00    | 0.03%             | 2030-10-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PLACEHOLD BR SECONDARIES                                                             | PLACEHOLD BR SECONDARIES                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      900000 | PA      | $900000.00    | 0.09%             | 2030-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PLACEHOLD AIRTRAX INC                                                                | PLACEHOLD AIRTRAX INC                                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      400000 | PA      | $400000.00    | 0.04%             | 2032-10-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 5.15 11/15/31                                                                           | CUSIP: 11135FBY6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |      366000 | PA      | $380500.63    | 0.04%             | 2031-11-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Inc                                                                  | LNG 5.65 04/15/34                                                                            | CUSIP: 16411RAN9<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |      753000 | PA      | $778825.07    | 0.08%             | 2034-04-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2025-CES4                                                  | TPMT 2025-CES4 A2                                                                            | CUSIP: 89170UAC4<br>LEI: 254900V1XGR6BSB30T32 | Long             | ABS-O            | CORP              | US        |      450000 | PA      | $451355.54    | 0.05%             | 2065-10-25      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation UMBS 30Y Fixed                                | FR RQ0057                                                                                    | CUSIP: 3142J6B36<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1208470 | PA      | $1236429.99   | 0.13%             | 2055-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FIGRE TR 2025-HE1                                                                    | FIGRE 2025-HE1 A                                                                             | CUSIP: 30191LAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      758855 | PA      | $769729.07    | 0.08%             | 2055-01-25      | Variable      | 5.83%                 | Yes           |                  2 | On Loan: No      |
| NEW RES MTG LN TR 2025-NQM1                                                          | NRZT 2025-NQM1 A1                                                                            | CUSIP: 64832DAC5<br>LEI: 213800CZKHCTHKMD9W65 | Long             | ABS-O            | CORP              | US        |      134201 | PA      | $135491.97    | 0.01%             | 2065-01-25      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| MPT Operating Partnership LP / MPT Finance Corporation                               | MPW 7 02/15/32 REGS                                                                          | CUSIP: U6203BAD6<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |      100000 | PA      | $120285.67    | 0.01%             | 2032-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Mehilainen Yhtiot Oy                                                                 | AMBEAA 5.125 06/30/32 REGS                                                                   | CUSIP: X5S3EZAB0<br>LEI: 2138006X78HGYRHS5865 | Long             | DBT              | CORP              | FI        |      100000 | PA      | $117460.97    | 0.01%             | 2032-06-30      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V4.505 10/22/28                                                                          | CUSIP: 46647PEP7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |      842000 | PA      | $848511.80    | 0.09%             | 2028-10-22      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Pure Industrial Issuer Trust Canada                                                  | BX 2024-PURE A                                                                               | CUSIP: 74625PAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |       24940 | PA      | $17826.80     | 0.00%             | 2029-11-15      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| CIM TRUST 2025-I1                                                                    | CIM 2025-I1 M1                                                                               | CUSIP: 12571DAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      900000 | PA      | $908892.63    | 0.09%             | 2069-10-25      | Variable      | 6.44%                 | Yes           |                  2 | On Loan: No      |
| GCAT 2025-NQM3 TRUST                                                                 | GCAT 2025-NQM3 A1                                                                            | CUSIP: 36171MAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1565111 | PA      | $1576767.89   | 0.16%             | 2070-05-25      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD3782                                                                                    | CUSIP: 3132E0FX5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       24011 | PA      | $23509.17     | 0.00%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS8370                                                                                    | CUSIP: 3140XQJQ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       52785 | PA      | $51687.55     | 0.01%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| EQT Corporation                                                                      | EQT 4.5 01/15/29                                                                             | CUSIP: 26884LAX7<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |      910000 | PA      | $910166.56    | 0.09%             | 2029-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA4900                                                                                    | CUSIP: 36179TNR2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       39958 | PA      | $37390.23     | 0.00%             | 2047-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                                                  | SYF 3.95 12/01/27                                                                            | CUSIP: 87165BAM5<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |      130000 | PA      | $128891.56    | 0.01%             | 2027-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| TPG Operating Group II LP                                                            | TPG 5.375 01/15/36                                                                           | CUSIP: 872652AB8<br>LEI: 2549001H9RJQNZT7MU11 | Long             | DBT              | CORP              | US        |      540000 | PA      | $540989.12    | 0.06%             | 2036-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Pennymac Financial Services Inc                                                      | PFSI 6.75 02/15/34 144A                                                                      | CUSIP: 70932MAH0<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |      150000 | PA      | $153747.75    | 0.02%             | 2034-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| INSURED LENDING 1 6.50%                                                              | INSURED LENDING 1 6.50%                                                                      | CUSIP: YJ7225560<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |      350000 | PA      | $403427.52    | 0.04%             | 2032-02-04      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Servpro Master Issuer Llc                                                            | SPRO 2024-1A A2                                                                              | CUSIP: 817743AJ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      835125 | PA      | $862214.45    | 0.09%             | 2054-01-25      | Fixed         | 6.17%                 | Yes           |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 5.25 06/15/49                                                                            | CUSIP: 404119BZ1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |       21000 | PA      | $19277.89     | 0.00%             | 2049-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Renew Power Private Ltd.                                                             | RPVIN 5.875 03/05/27 REGS                                                                    | CUSIP: Y7279WAA9<br>LEI: 335800BITJZHVZ1CN475 | Long             | DBT              | CORP              | IN        |      400000 | PA      | $398909.35    | 0.04%             | 2027-03-05      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Elevance Health Inc.                                                                 | ELV 4.55 05/15/52                                                                            | CUSIP: 036752AU7<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |      103000 | PA      | $86631.92     | 0.01%             | 2052-05-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA6341                                                                                    | CUSIP: 3140QEBK7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      249666 | PA      | $216568.54    | 0.02%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Societe Generale S.A.                                                                | SOCGEN V5.519 01/19/28 144A                                                                  | CUSIP: 83368RBV3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |      400000 | PA      | $404936.41    | 0.04%             | 2028-01-19      | Fixed         | 5.52%                 | Yes           |                  2 | On Loan: No      |
| CASTLELAKE AIRCRAFT STRUCTURED TRUST 2025-3                                          | CLAST 2025-3A A                                                                              | CUSIP: 14855YAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      550000 | PA      | $549982.84    | 0.06%             | 2050-11-15      | Fixed         | 5.09%                 | Yes           |                  2 | On Loan: No      |
| VEGAS 2024-GCS                                                                       | VEGAS 2024-GCS C                                                                             | CUSIP: 92254BAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      140000 | PA      | $140896.08    | 0.01%             | 2036-07-10      | Variable      | 6.42%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FG G60972                                                                                    | CUSIP: 31335BCH7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       15060 | PA      | $14991.66     | 0.00%             | 2047-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD0785                                                                                    | CUSIP: 3132DM2S3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       83837 | PA      | $69121.71     | 0.01%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RB5148                                                                                    | CUSIP: 3133KYWH8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       75490 | PA      | $65385.98     | 0.01%             | 2042-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD0789                                                                                    | CUSIP: 3132DM2W4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       15667 | PA      | $13084.13     | 0.00%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB2863                                                                                    | CUSIP: 3140QNFD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       37256 | PA      | $32481.26     | 0.00%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Cox Communications, Inc.                                                             | COXENT 5.8 12/15/53 144A                                                                     | CUSIP: 224044CT2<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |       75000 | PA      | $66525.24     | 0.01%             | 2053-12-15      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| Five Guys Funding LLC                                                                | GUYS 2023-1A A2                                                                              | CUSIP: 33830JAE5<br>LEI: 549300LV8X8T05G1H175 | Long             | ABS-O            | CORP              | US        |      297000 | PA      | $307943.97    | 0.03%             | 2054-01-26      | Fixed         | 7.55%                 | Yes           |                  2 | On Loan: No      |
| Rakuten Group Inc.                                                                   | RAKUTN 9.75 04/15/29 REGS                                                                    | CUSIP: J64264AK0<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |      400000 | PA      | $448651.92    | 0.05%             | 2029-04-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Pachelbel Bidco S.p.A.                                                               | MLTIVR 7.125 05/17/31 REGS                                                                   | CUSIP: T7S3D8AB2<br>LEI: 8945002RM8LY280ZUC12 | Long             | DBT              | CORP              | IT        |      100000 | PA      | $123983.35    | 0.01%             | 2031-05-17      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| COLT 2024-6 MORTGAGE LOAN TRUST                                                      | COLT 2024-6 A1                                                                               | CUSIP: 19688XAA4<br>LEI: 213800U2X2TO1PQH1O75 | Long             | ABS-O            | CORP              | US        |       83491 | PA      | $83812.47     | 0.01%             | 2069-11-25      | Variable      | 5.39%                 | Yes           |                  2 | On Loan: No      |
| Self Commercial Mortgage Trust 2024-STRG                                             | SELF 2024-STRG A                                                                             | CUSIP: 81631WAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      210000 | PA      | $209999.94    | 0.02%             | 2034-11-15      | Floating      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V5.942 02/07/39                                                                           | CUSIP: 61747YFM2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      320000 | PA      | $335877.80    | 0.03%             | 2039-02-07      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| TPG Operating Group II LP                                                            | TPG 5.875 03/05/34                                                                           | CUSIP: 872652AA0<br>LEI: 2549001H9RJQNZT7MU11 | Long             | DBT              | CORP              | US        |      282000 | PA      | $296149.18    | 0.03%             | 2034-03-05      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Vista Energy Argentina SAU                                                           | VISTAA 7.625 12/10/35 144A                                                                   | CUSIP: 92841RAA8<br>LEI: 549300FE4UJNCG1DB123 | Long             | DBT              | CORP              | AR        |       16000 | PA      | $15809.60     | 0.00%             | 2035-12-10      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| VELOCITY COML CAP LN TR 2024-6                                                       | VCC 2024-6 M3                                                                                | CUSIP: 92261BAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       99181 | PA      | $99530.17     | 0.01%             | 2054-12-25      | Variable      | 6.92%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD7544                                                                                    | CUSIP: 3132DVLZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       52278 | PA      | $47251.20     | 0.00%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Medco Laurel Tree Pte Ltd.                                                           | MEDCIJ 6.95 11/12/28 REGS                                                                    | CUSIP: Y59500AA9<br>LEI: 254900SX7FFGRREZD046 | Long             | DBT              | CORP              | SG        |      200000 | PA      | $201033.22    | 0.02%             | 2028-11-12      | Fixed         | 6.95%                 | Yes           |                  2 | On Loan: No      |
| Vantage Data Centers Issuer                                                          | VDC 2025-1A A2                                                                               | CUSIP: 92212KAH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      850000 | PA      | $855268.73    | 0.09%             | 2055-08-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA5879                                                                                    | CUSIP: 31418FQ91<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    17285000 | PA      | $17467725.27  | 1.81%             | 2055-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB2621                                                                                    | CUSIP: 3140QM4F8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      253918 | PA      | $220342.99    | 0.02%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V5.049 07/23/30                                                                           | CUSIP: 38141GB29<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |      307000 | PA      | $314142.58    | 0.03%             | 2030-07-23      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Boardwalk Pipelines LP                                                               | BWP 5.625 08/01/34                                                                           | CUSIP: 096630AK4<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |      330000 | PA      | $341786.11    | 0.04%             | 2034-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2025-7                                                    | VERUS 2025-7 A3                                                                              | CUSIP: 924931AG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      985755 | PA      | $986646.15    | 0.10%             | 2070-08-25      | Variable      | 5.54%                 | Yes           |                  2 | On Loan: No      |
| Greensaif Pipelines Bidco S.a r.l.                                                   | GASBCM 5.8528 02/23/36 REGS                                                                  | CUSIP: L4464DAG4<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |      304000 | PA      | $319823.56    | 0.03%             | 2036-02-23      | Fixed         | 5.85%                 | Yes           |                  2 | On Loan: No      |
| AT&T Reign II (Multi-Property) Lease-Backed Pass-Through Trust                       | ATTRII 6.088 12/15/44 144A                                                                   | CUSIP: 046912AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      420000 | PA      | $428494.12    | 0.04%             | 2044-12-15      | Fixed         | 6.09%                 | Yes           |                  2 | On Loan: No      |
| MPLX LP                                                                              | MPLX 6.2 09/15/55                                                                            | CUSIP: 55336VCD0<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |      325000 | PA      | $326928.08    | 0.03%             | 2055-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: —       |
| HOPE GAS HLDGS LLC 6.18%                                                             | HOPE GAS HLDGS LLC 6.18%                                                                     | CUSIP: 43999AC24<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      100000 | PA      | $100000.00    | 0.01%             | 2037-09-01      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA8042                                                                                    | CUSIP: 36179W5B0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      551618 | PA      | $477664.33    | 0.05%             | 2052-05-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Georgia Power Company                                                                | SO 4.7 05/15/32                                                                              | CUSIP: 373334KQ3<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |       82000 | PA      | $83128.82     | 0.01%             | 2032-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| JEFFERIES CREDIT PART FRN                                                            | JEFFERIES CREDIT PART FRN                                                                    | CUSIP: 47235BAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |      250000 | PA      | $250000.00    | 0.03%             | 2037-10-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| TD Synnex Corp                                                                       | SNX 5.3 10/10/35                                                                             | CUSIP: 87162WAN0<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |      320000 | PA      | $319315.79    | 0.03%             | 2035-10-10      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                       | MEX 6.875 05/13/37                                                                           | CUSIP: 91087BBC3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |      468000 | PA      | $506961.00    | 0.05%             | 2037-05-13      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| Federal National Mortgage Association                                                | FN CB1310                                                                                    | CUSIP: 3140QLN44<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      489887 | PA      | $399249.41    | 0.04%             | 2051-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Gnma Pass-Thru M Single Family                                                       | G2 MA8564                                                                                    | CUSIP: 36179XQR0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      131599 | PA      | $114109.26    | 0.01%             | 2053-01-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB6063                                                                                    | CUSIP: 3140QRWZ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      192560 | PA      | $193990.97    | 0.02%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V5.25 04/21/34 MTN                                                                        | CUSIP: 61747YFE0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      237000 | PA      | $244602.11    | 0.03%             | 2034-04-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE T                                                  | GRADE 2025-RRTL1 A1                                                                          | CUSIP: 79582NAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      450000 | PA      | $448875.77    | 0.05%             | 2040-10-25      | Fixed         |  | No            |                  2 | On Loan: No      |
| PLACEHOLD BO GPS IV CAPIT                                                            | PLACEHOLD BO GPS IV CAPIT                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      350000 | PA      | $350000.00    | 0.04%             | 2032-10-25      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Georgia Power Company                                                                | SO 4.95 05/17/33                                                                             | CUSIP: 373334KT7<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |       31000 | PA      | $31644.88     | 0.00%             | 2033-05-17      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS4629                                                                                    | CUSIP: 3140XLEB0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      175360 | PA      | $179073.48    | 0.02%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PLACEHOLD HARMONI TOWERS                                                             | PLACEHOLD HARMONI TOWERS                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      300000 | PA      | $300000.00    | 0.03%             | 2030-10-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GNR 2022-78 IO                                                                               | CUSIP: 38383P6D8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |         578 | PA      | $97.99        | 0.00%             | 2051-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GS MTG SEC CORP TR 2023-SHIP                                                         | GSMS 2023-SHIP E                                                                             | CUSIP: 36270GAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       32000 | PA      | $32097.46     | 0.00%             | 2038-09-10      | Variable      | 7.43%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.875 10/31/30                                                                             | CUSIP: 91282CJG7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      844300 | PA      | $888460.85    | 0.09%             | 2030-10-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.375 12/15/26                                                                             | CUSIP: 91282CJP7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1952700 | PA      | $1966277.36   | 0.20%             | 2026-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Puma International Financing S.A.                                                    | PUMAFN 7.75 04/25/29 REGS                                                                    | CUSIP: L78043AF0<br>LEI: 222100YFBPO7IDRUBR17 | Long             | DBT              | CORP              | LU        |      200000 | PA      | $206735.40    | 0.02%             | 2029-04-25      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.375 07/15/27                                                                             | CUSIP: 91282CKZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       24000 | PA      | $24293.44     | 0.00%             | 2027-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NEW RES MTG LN TR 2025-NQM1                                                          | NRZT 2025-NQM1 M1                                                                            | CUSIP: 64832DAF8<br>LEI: 213800CZKHCTHKMD9W65 | Long             | ABS-O            | CORP              | US        |      501164 | PA      | $512713.22    | 0.05%             | 2065-01-25      | Variable      | 6.47%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA3121                                                                                    | CUSIP: 31418CPF5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        4618 | PA      | $4468.21      | 0.00%             | 2047-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA4838                                                                                    | CUSIP: 36179TLT0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       34373 | PA      | $33073.28     | 0.00%             | 2047-11-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA4901                                                                                    | CUSIP: 36179TNS0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       17143 | PA      | $16494.48     | 0.00%             | 2047-12-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V4.223 05/01/29                                                                           | CUSIP: 38141GWZ3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |      731000 | PA      | $731309.10    | 0.08%             | 2029-05-01      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BN1623                                                                                    | CUSIP: 3140JHYV9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       29048 | PA      | $28809.95     | 0.00%             | 2048-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS0003                                                                                    | CUSIP: 3140XFAD3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       52333 | PA      | $47022.26     | 0.00%             | 2036-12-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Vici Properties Inc                                                                  | VICI 3.875 02/15/29 144A                                                                     | CUSIP: 92564RAL9<br>LEI: 254900RKH6RY9KCJQH63 | Long             | DBT              | CORP              | US        |      615000 | PA      | $600922.57    | 0.06%             | 2029-02-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Southern Co.                                                                         | SO 5.7 10/15/32                                                                              | CUSIP: 842587DL8<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |      143000 | PA      | $151566.63    | 0.02%             | 2032-10-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Gnma Pass-Thru M Single Family                                                       | G2 MA8485                                                                                    | CUSIP: 36179XNA0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       41318 | PA      | $35828.55     | 0.00%             | 2052-12-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS4641                                                                                    | CUSIP: 3140XLEP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       53192 | PA      | $55039.76     | 0.01%             | 2053-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB6463                                                                                    | CUSIP: 3140QSFD8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      140462 | PA      | $143436.16    | 0.01%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Extra Space Storage LP                                                               | EXR 5.5 07/01/30                                                                             | CUSIP: 30225VAK3<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |      337000 | PA      | $351295.93    | 0.04%             | 2030-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.75 12/31/30                                                                              | CUSIP: 91282CJQ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       13000 | PA      | $13012.19     | 0.00%             | 2030-12-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation UMBS 30Y Fixed                                | FR QC3130                                                                                    | CUSIP: 3133AMPP5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      264852 | PA      | $204618.59    | 0.02%             | 2051-06-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.25 06/30/29                                                                              | CUSIP: 91282CKX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |        2000 | PA      | $2041.25      | 0.00%             | 2029-06-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PG&E Corporation                                                                     | PCG V7.375 03/15/55                                                                          | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |      475000 | PA      | $488549.38    | 0.05%             | 2055-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GOODLEAP HOME IMPROVEMENT SOLUTIONS TRUST 2025-1                                     | GDLP 2025-1A B                                                                               | CUSIP: 38237EAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       44626 | PA      | $45207.39     | 0.00%             | 2049-02-20      | Fixed         | 6.27%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V5.244 01/24/31                                                                          | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |      382000 | PA      | $395363.08    | 0.04%             | 2031-01-24      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V5.207 01/28/31 -                                                                         | CUSIP: 38141GC36<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |      306000 | PA      | $315762.99    | 0.03%             | 2031-01-28      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC.                                                               | FABSJV 5.9 01/25/33                                                                          | CUSIP: 350930AG8<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |      200000 | PA      | $210521.22    | 0.02%             | 2033-01-25      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding II Ltd                                                          | MDPK 2025-65A C                                                                              | CUSIP: 55823FAC9<br>LEI: 549300Z310EWX0EQ8310 | Long             | ABS-CBDO         | CORP              | KY        |      800000 | PA      | $801166.96    | 0.08%             | 2038-07-16      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Enbridge Inc.                                                                        | ENBCN 5.55 06/20/35                                                                          | CUSIP: 29250NCK9<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |      500000 | PA      | $516800.09    | 0.05%             | 2035-06-20      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| JBS USA Holding Lux S.a.r.l./JBS USA Food Co /JBS USA Foods Group Holdings Inc.      | JBSSBZ 5.5 01/15/36 144A                                                                     | CUSIP: 472140AE2<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |      525000 | PA      | $531993.00    | 0.06%             | 2036-01-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                                                                                    | CUSIP: 01F0206B0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     1051000 | PA      | $852095.59    | 0.09%             | 2049-12-31      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA8099                                                                                    | CUSIP: 36179W7L6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      441390 | PA      | $406919.63    | 0.04%             | 2052-06-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS2409                                                                                    | CUSIP: 3140XHVB0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       62298 | PA      | $63016.36     | 0.01%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD1300                                                                                    | CUSIP: 3132DNNR0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      108391 | PA      | $109513.16    | 0.01%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GNR 2021-67 QI                                                                               | CUSIP: 38382R3Q9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |       61318 | PA      | $10376.25     | 0.00%             | 2051-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS3166                                                                                    | CUSIP: 3140XJQU0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      100796 | PA      | $91177.50     | 0.01%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS0754                                                                                    | CUSIP: 3140XFZU8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       27780 | PA      | $25770.71     | 0.00%             | 2037-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SB0539                                                                                    | CUSIP: 3132CWS47<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       66834 | PA      | $61896.87     | 0.01%             | 2035-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB0622                                                                                    | CUSIP: 3140QKVQ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       56120 | PA      | $50693.16     | 0.01%             | 2036-05-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| CROSS 2023-H2 MORTGAGE TRUST                                                         | CROSS 2023-H2 A1A                                                                            | CUSIP: 22757NAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       55019 | PA      | $55793.25     | 0.01%             | 2068-11-25      | Variable      | 7.13%                 | Yes           |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 6.65 02/01/34                                                                           | CUSIP: 161175CP7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |       25000 | PA      | $26425.74     | 0.00%             | 2034-02-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR QE8252                                                                                    | CUSIP: 3133BJEZ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       24662 | PA      | $24138.61     | 0.00%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM9318                                                                                    | CUSIP: 3140XDK88<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       28552 | PA      | $26540.11     | 0.00%             | 2036-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                              | FR QF0409                                                                                    | CUSIP: 3133BMN27<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGA              | US        |       10116 | PA      | $10170.42     | 0.00%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Corporacion Nacional del Cobre de Chile                                              | CDEL 6.44 01/26/36 REGS                                                                      | CUSIP: P3143NBT0<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |      293000 | PA      | $319069.68    | 0.03%             | 2036-01-26      | Fixed         | 6.44%                 | Yes           |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 5.45 04/01/31                                                                            | CUSIP: 404119CT4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |      171000 | PA      | $177975.83    | 0.02%             | 2031-04-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD4977                                                                                    | CUSIP: 3132DSQ62<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     1510701 | PA      | $1508705.87   | 0.16%             | 2053-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Israel (State Of)                                                                    | ISRAEL 5.75 03/12/54 30Y                                                                     | CUSIP: 46514BRM1<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |      204000 | PA      | $199616.63    | 0.02%             | 2054-03-12      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| L3 Harris Technologies Inc                                                           | LHX 5.25 06/01/31                                                                            | CUSIP: 502431AT6<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |       73000 | PA      | $75973.67     | 0.01%             | 2031-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | TII 1.625 04/15/30                                                                           | CUSIP: 91282CNB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     3803000 | PA      | $3918264.66   | 0.41%             | 2030-04-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: —       |
| United States Treasury Notes                                                         | T 4.25 05/15/35                                                                              | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      729000 | PA      | $738795.94    | 0.08%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.875 06/30/30                                                                             | CUSIP: 91282CNK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       31000 | PA      | $31236.13     | 0.00%             | 2030-06-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2-30YR-Multi                                                                                | CUSIP: 21H0626C6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      685000 | PA      | $705286.49    | 0.07%             | 2049-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2-30YR-Multi                                                                                | CUSIP: 21H0606B2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     1551000 | PA      | $1578455.29   | 0.16%             | 2049-12-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                                                                                    | CUSIP: 01F0406C6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Short            | ABS-MBS          | USGSE             | US        |    -2373000 | PA      | $-2250448.60  | -0.23%            | 2049-12-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                                                        | CA CAS 7.55 04/01/2039                                                                       | CUSIP: 13063A5G5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |       40000 | PA      | $48881.96     | 0.01%             | 2039-04-01      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY MUN WTR FIN AUTH                                                   | NY NYCUTL 6.01 06/15/2042                                                                    | CUSIP: 64972FL20<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |       95000 | PA      | $100484.65    | 0.01%             | 2042-06-15      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA7136                                                                                    | CUSIP: 3140QE4W9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       23069 | PA      | $21360.26     | 0.00%             | 2035-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA9432                                                                                    | CUSIP: 3140QHPS8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       40875 | PA      | $37845.08     | 0.00%             | 2036-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 5.25 03/01/52                                                                            | CUSIP: 694308KD8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |      152000 | PA      | $134672.63    | 0.01%             | 2052-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GNR 2021-96 MI                                                                               | CUSIP: 38382UVU2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |      110112 | PA      | $18133.32     | 0.00%             | 2051-06-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Gnma Pass-Thru M Single Family                                                       | G2 MA8488                                                                                    | CUSIP: 36179XND4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      641007 | PA      | $611191.36    | 0.06%             | 2052-12-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RC1975                                                                                    | CUSIP: 3133L8FQ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       57664 | PA      | $51980.84     | 0.01%             | 2036-05-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS2473                                                                                    | CUSIP: 3140XHXB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       92236 | PA      | $92736.36     | 0.01%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR QE4965                                                                                    | CUSIP: 3133BEQS5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |        6880 | PA      | $6933.39      | 0.00%             | 2052-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Raizen Fuels Finance SA                                                              | RAIZBZ 6.45 03/05/34 REGS                                                                    | CUSIP: L7909CAC1<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |      307000 | PA      | $261333.75    | 0.03%             | 2034-03-05      | Fixed         | 6.45%                 | Yes           |                  2 | On Loan: —       |
| United States Treasury Notes                                                         | T 4 06/30/32                                                                                 | CUSIP: 91282CNJ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      171000 | PA      | $172329.26    | 0.02%             | 2032-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 1.125 05/15/40                                                                             | CUSIP: 912810SR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1373000 | PA      | $883117.88    | 0.09%             | 2040-05-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 0.5 05/31/27                                                                               | CUSIP: 912828ZS2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      688000 | PA      | $655373.75    | 0.07%             | 2027-05-31      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB2550                                                                                    | CUSIP: 3140QMZQ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      651940 | PA      | $564168.35    | 0.06%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GNR 2021-76 JI                                                                               | CUSIP: 38382RNJ3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |       62974 | PA      | $10343.03     | 0.00%             | 2050-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KeyBank National Association                                                         | KEY 5 01/26/33                                                                               | CUSIP: 49327M3H5<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |      350000 | PA      | $352427.82    | 0.04%             | 2033-01-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS0785                                                                                    | CUSIP: 3140XF2T7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      168156 | PA      | $155691.85    | 0.02%             | 2037-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 6.95 03/15/34                                                                            | CUSIP: 694308KP1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |      436000 | PA      | $483847.05    | 0.05%             | 2034-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB8339                                                                                    | CUSIP: 3140QUHR0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       30593 | PA      | $31562.21     | 0.00%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 4.75 05/15/55                                                                              | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      602000 | PA      | $609901.25    | 0.06%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RC2467                                                                                    | CUSIP: 3133L8W43<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      180372 | PA      | $167824.46    | 0.02%             | 2037-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS3221                                                                                    | CUSIP: 3140XJSK0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       56976 | PA      | $51464.97     | 0.01%             | 2037-02-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                                                  | SYF 7.25 02/02/33                                                                            | CUSIP: 87165BAU7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |      411000 | PA      | $435673.82    | 0.05%             | 2033-02-02      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4 07/31/32                                                                                 | CUSIP: 91282CNR8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       54000 | PA      | $54390.23     | 0.01%             | 2032-07-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 1.375 08/15/50                                                                             | CUSIP: 912810SP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      389000 | PA      | $198253.24    | 0.02%             | 2050-08-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS2458                                                                                    | CUSIP: 3140XHWU7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       77600 | PA      | $78624.17     | 0.01%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RA7506                                                                                    | CUSIP: 3133KPKT4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       74321 | PA      | $72768.01     | 0.01%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD1465                                                                                    | CUSIP: 3132DNTW3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      260477 | PA      | $261928.06    | 0.03%             | 2052-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                              | FR QF0895                                                                                    | CUSIP: 3133BM7G4<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGA              | US        |       30488 | PA      | $30631.12     | 0.00%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                   | ET 7.375 02/01/31 144A                                                                       | CUSIP: 226373AT5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |      294000 | PA      | $306270.68    | 0.03%             | 2031-02-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RC2480                                                                                    | CUSIP: 3133L8XH3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      217101 | PA      | $200803.78    | 0.02%             | 2037-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SB0544                                                                                    | CUSIP: 3132CWS96<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       26743 | PA      | $24809.82     | 0.00%             | 2036-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Frontier Communications Holdings Llc                                                 | FYBR 8.625 03/15/31 144A                                                                     | CUSIP: 35908MAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       83000 | PA      | $87621.77     | 0.01%             | 2031-03-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| BBCMS MORTGAGE TRUST 2025-C35                                                        | BBCMS 2025-C35 AS                                                                            | CUSIP: 07337DAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       16000 | PA      | $16834.36     | 0.00%             | 2058-07-15      | Variable      | 5.84%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS3251                                                                                    | CUSIP: 3140XJTH6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       44991 | PA      | $46430.50     | 0.00%             | 2052-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                     | NRG 7 03/15/33 144A                                                                          | CUSIP: 629377CT7<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |      428000 | PA      | $472428.54    | 0.05%             | 2033-03-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                        | F 6.798 11/07/28                                                                             | CUSIP: 345397D59<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |      403000 | PA      | $421102.80    | 0.04%             | 2028-11-07      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                                                | TRGP 6.15 03/01/29                                                                           | CUSIP: 87612GAE1<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |      117000 | PA      | $123150.82    | 0.01%             | 2029-03-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 5.6 04/01/34                                                                             | CUSIP: 404119CU1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |       18000 | PA      | $18737.27     | 0.00%             | 2034-04-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Duke Energy Ohio Inc.                                                                | DUK 5.55 03/15/54                                                                            | CUSIP: 26442EAL4<br>LEI: L6KC0HABGHNFU1Z6QY21 | Long             | DBT              | CORP              | US        |       29000 | PA      | $29147.59     | 0.00%             | 2054-03-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Dryden 40 Senior Loan Fund Limited Liability Company                                 | DRSLF 2015-40A AR2                                                                           | CUSIP: 26244GAS4<br>LEI: 549300BH0PFEW6WVTN52 | Long             | ABS-CBDO         | CORP              | KY        |      129962 | PA      | $129945.30    | 0.01%             | 2031-08-15      | Floating      | 5.10%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 1.125 08/15/40                                                                             | CUSIP: 912810SQ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1373000 | PA      | $873732.15    | 0.09%             | 2040-08-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM8117                                                                                    | CUSIP: 3140XCAT5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       61216 | PA      | $56677.73     | 0.01%             | 2036-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SB0514                                                                                    | CUSIP: 3132CWSB1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      266872 | PA      | $240739.99    | 0.02%             | 2036-04-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RC1999                                                                                    | CUSIP: 3133L8GG4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      158364 | PA      | $147354.24    | 0.02%             | 2036-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RA8216                                                                                    | CUSIP: 3133KQDV5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       39825 | PA      | $41208.89     | 0.00%             | 2052-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RA8758                                                                                    | CUSIP: 3133KQWT9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      137516 | PA      | $140427.80    | 0.01%             | 2053-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V6.407 11/01/29                                                                           | CUSIP: 61747YFH3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |      127000 | PA      | $134641.43    | 0.01%             | 2029-11-01      | Fixed         | 6.41%                 | No            |                  2 | On Loan: —       |
| 2023-MIC TRUST/THE                                                                   | THE 2023-MIC A                                                                               | CUSIP: 87256GAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       30000 | PA      | $32441.11     | 0.00%             | 2038-12-05      | Variable      | 8.73%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RJ0320                                                                                    | CUSIP: 3142GQLA8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       69372 | PA      | $72630.68     | 0.01%             | 2053-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS5537                                                                                    | CUSIP: 3140XMEK8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      221800 | PA      | $232090.17    | 0.02%             | 2053-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Regatta Funding Ltd.                                                                 | REGT9 2017-1A B1R                                                                            | CUSIP: 75887VAN1<br>LEI: 5493008LYJ0TDPRDL051 | Long             | ABS-CBDO         | CORP              | KY        |      360000 | PA      | $361009.08    | 0.04%             | 2037-04-17      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BM5235                                                                                    | CUSIP: 3140J9Y96<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       23762 | PA      | $24146.29     | 0.00%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Peru (Republic Of)                                                                   | PERU 3.55 03/10/51                                                                           | CUSIP: 715638DT6<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |      180000 | PA      | $129015.00    | 0.01%             | 2051-03-10      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Sunrise Finco l B.V                                                                  | SUNN 4.625 05/15/32 OCT                                                                      | CUSIP: N84156AA1<br>LEI: 213800MNFBDEQRS6HZ22 | Long             | DBT              | CORP              | NL        |      100000 | PA      | $117188.32    | 0.01%             | 2032-05-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| ION Platform Finance S.a r.l. / ION Platform Finance US Inc.                         | IONPLA 6.5 09/30/30 REGS                                                                     | CUSIP: U4608DAK2<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | LU        |      100000 | PA      | $113414.09    | 0.01%             | 2030-09-30      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 6.1 09/26/65                                                                            | CUSIP: 68389XDT9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |      241000 | PA      | $229821.02    | 0.02%             | 2065-09-26      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2025-35 FJ                                                                               | CUSIP: 3136BVN46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |      369871 | PA      | $373987.11    | 0.04%             | 2055-05-25      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| GLP Capital L.P. and GLP Financing II, Inc.                                          | GLPI 4 01/15/30                                                                              | CUSIP: 361841AP4<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |      133000 | PA      | $128834.28    | 0.01%             | 2030-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Power Company                                                                   | AEP 1.625 01/15/31 Q                                                                         | CUSIP: 677415CT6<br>LEI: 06ZODLC132CY1O2Y7D77 | Long             | DBT              | CORP              | US        |       26000 | PA      | $22621.79     | 0.00%             | 2031-01-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 6.1 10/15/55                                                                             | CUSIP: 694308KZ9<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |      130000 | PA      | $129903.31    | 0.01%             | 2055-10-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Electricite de France SA                                                             | EDF V4.375 PERP EMTN                                                                         | CUSIP: F2893TCE4<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |      100000 | PA      | $114430.95    | 0.01%             | 2049-12-31      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Ffmlt Trust 2006/Ff13                                                                | FFML 2006-FF13 A2C                                                                           | CUSIP: 30247DAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       14471 | PA      | $9588.62      | 0.00%             | 2036-10-25      | Floating      | 4.43%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA7135                                                                                    | CUSIP: 36179V4U1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      975887 | PA      | $811992.70    | 0.08%             | 2051-01-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                                                   | MO 3.4 02/04/41                                                                              | CUSIP: 02209SBM4<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |      400000 | PA      | $308326.34    | 0.03%             | 2041-02-04      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Expand Energy Corp.                                                                  | EXE 5.875 02/01/29 144A                                                                      | CUSIP: 165167DG9<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |       83000 | PA      | $83201.18     | 0.01%             | 2029-02-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: —       |
| Oeg Finance PLC                                                                      | OEGFIN 7.25 09/27/29 REGS                                                                    | CUSIP: G670A8AA2<br>LEI: 254900KMBHWF9UK63G44 | Long             | DBT              | CORP              | GB        |      100000 | PA      | $121077.85    | 0.01%             | 2029-09-27      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Nidda Healthcare Holding GmbH                                                        | SAZGR F 10/15/32 REGS                                                                        | CUSIP: D5S1LAAQ0<br>LEI: 549300Q89C4WAO6L0L19 | Long             | DBT              | CORP              | DE        |      100000 | PA      | $116140.62    | 0.01%             | 2032-10-15      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                       | MEX 4.5 01/31/50                                                                             | CUSIP: 91087BAG5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |      420000 | PA      | $328818.00    | 0.03%             | 2050-01-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V1.992 01/27/32                                                                           | CUSIP: 38141GXR0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |      597000 | PA      | $527912.12    | 0.05%             | 2032-01-27      | Fixed         | 1.99%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 3.9 06/01/52                                                                            | CUSIP: 161175CA0<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |      663000 | PA      | $435110.25    | 0.05%             | 2052-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| PECO Energy Co.                                                                      | EXC 3.05 03/15/51                                                                            | CUSIP: 693304BA4<br>LEI: YH65D4JBECK76IFEJ279 | Long             | DBT              | CORP              | US        |      125000 | PA      | $83633.89     | 0.01%             | 2051-03-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| ZF Europe Finance B.V.                                                               | ZFFNGR 7 06/12/30 EMTN                                                                       | CUSIP: N9769AAG9<br>LEI: 549300RI533US2G6G542 | Long             | DBT              | CORP              | NL        |      200000 | PA      | $236443.67    | 0.02%             | 2030-06-12      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                     | PCG 3.5 08/01/50                                                                             | CUSIP: 694308JJ7<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |      501000 | PA      | $342353.67    | 0.04%             | 2050-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Sabine Pass Liquefaction, LLC                                                        | SPLLLC 4.5 05/15/30                                                                          | CUSIP: 785592AX4<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |      494000 | PA      | $495752.45    | 0.05%             | 2030-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Georgia Power Company                                                                | SO 3.25 03/15/51 A                                                                           | CUSIP: 373334KP5<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |       25000 | PA      | $17525.85     | 0.00%             | 2051-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR ZS9068                                                                                    | CUSIP: 3132AACD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       32366 | PA      | $31709.96     | 0.00%             | 2034-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SC0063                                                                                    | CUSIP: 3132D9B86<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      115150 | PA      | $112179.68    | 0.01%             | 2035-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2025-2 FG                                                                                | CUSIP: 3136BUXZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |      248137 | PA      | $250055.86    | 0.03%             | 2055-02-25      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Dell International LLC / EMC Corp.                                                   | DELL 4.5 02/15/31                                                                            | CUSIP: 24703DBS9<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |      357000 | PA      | $356007.65    | 0.04%             | 2031-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Heimstaden Bostad AB                                                                 | HEIBOS V6.25 PERP                                                                            | CUSIP: W4R92LGU8<br>LEI: 549300TJR3PR8EXILG79 | Long             | DBT              | CORP              | SE        |      100000 | PA      | $120100.07    | 0.01%             | 2049-12-31      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Renault S.A.                                                                         | RENAUL 3.875 09/30/30 EMTn                                                                   | CUSIP: F77098UJ2<br>LEI: 969500F7JLTX36OUI695 | Long             | DBT              | CORP              | FR        |      100000 | PA      | $115832.67    | 0.01%             | 2030-09-30      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                             | VST 4.6 10/15/30 144A                                                                        | CUSIP: 92840VAV4<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |       70000 | PA      | $69549.16     | 0.01%             | 2030-10-15      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| Antero Resources Corporation                                                         | AR 7.625 02/01/29 144A                                                                       | CUSIP: 03674XAQ9<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | DBT              | CORP              | US        |      110000 | PA      | $111979.23    | 0.01%             | 2029-02-01      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Nissan Motor Co Ltd.                                                                 | NSANY 6.375 07/17/33 RegS                                                                    | CUSIP: YM0816731<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |      100000 | PA      | $119433.12    | 0.01%             | 2033-07-17      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 5.95 09/26/55                                                                           | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |      368000 | PA      | $348898.77    | 0.04%             | 2055-09-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Kapla Holding SAS (Kiloutou)                                                         | KILOTO 5 04/30/31 OCT                                                                        | CUSIP: YK4583679<br>LEI: 894500PJ28XTH66K4X83 | Long             | DBT              | CORP              | FR        |      100000 | PA      | $116999.29    | 0.01%             | 2031-04-30      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                              | FR RJ1718                                                                                    | CUSIP: 3142GR4C1<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGA              | US        |       69818 | PA      | $71730.91     | 0.01%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FN MA4280                                                                                    | CUSIP: 31418DXJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      247359 | PA      | $191503.51    | 0.02%             | 2051-03-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                                               | FANG 3.125 03/24/31                                                                          | CUSIP: 25278XAR0<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |      666000 | PA      | $619110.08    | 0.06%             | 2031-03-24      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Elevance Health Inc.                                                                 | ELV 3.6 03/15/51                                                                             | CUSIP: 036752AS2<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |       42000 | PA      | $30294.78     | 0.00%             | 2051-03-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Dolcetto Holdco S.p.A                                                                | DOLCTH 5.625 07/14/32 REGS                                                                   | CUSIP: YN6475530<br>LEI: 81560029E819F2CE4A42 | Long             | DBT              | CORP              | IT        |      100000 | PA      | $118131.17    | 0.01%             | 2032-07-14      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Allwyn Entertainment Financing (UK) PLC                                              | SAZKAG 4.125 02/15/31 REGS                                                                   | CUSIP: G0295CAD2<br>LEI: 315700J7ZTIN8XGCX365 | Long             | DBT              | CORP              | GB        |      100000 | PA      | $114529.72    | 0.01%             | 2031-02-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                               | FHR 5471 FM                                                                                  | CUSIP: 3137HHJ85<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     1102184 | PA      | $1108937.83   | 0.11%             | 2054-11-25      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA7192                                                                                    | CUSIP: 36179V7D6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       69158 | PA      | $57549.79     | 0.01%             | 2051-02-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD8134                                                                                    | CUSIP: 3132DWBB8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      353341 | PA      | $288859.57    | 0.03%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Aroundtown Finance S.a.r.l.                                                          | ARNDTN V7.125 PERP                                                                           | CUSIP: L0269HAA3<br>LEI: 8945006LEXV2KWSWVP51 | Long             | DBT              | CORP              | LU        |      100000 | PA      | $123083.55    | 0.01%             | 2049-12-31      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| VZ Secured Financing BV                                                              | ZIGGO 5.25 01/15/33 REGS                                                                     | CUSIP: N9T19KAC3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |      100000 | PA      | $115682.46    | 0.01%             | 2033-01-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation UMBS 30Y Fixed                                | FR QB2296                                                                                    | CUSIP: 3133A8RR0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       34619 | PA      | $28459.33     | 0.00%             | 2050-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V3.102 02/24/33                                                                           | CUSIP: 38141GZM9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |      509000 | PA      | $467003.92    | 0.05%             | 2033-02-24      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V2.475 01/21/28                                                                           | CUSIP: 61747YEK7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |       98000 | PA      | $96052.59     | 0.01%             | 2028-01-21      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| India Clean Energy Holdings                                                          | INCLEN 4.5 04/18/27 REGS                                                                     | CUSIP: V4605MAA6<br>LEI: 254900XQFJ9593DCY022 | Long             | DBT              | CORP              | MU        |      400000 | PA      | $389269.12    | 0.04%             | 2027-04-18      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: —       |
| Goldman Sachs Group, Inc.                                                            | GS V2.64 02/24/28                                                                            | CUSIP: 38141GZK3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |      275000 | PA      | $269618.49    | 0.03%             | 2028-02-24      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD7550                                                                                    | CUSIP: 3132DVL78<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       38516 | PA      | $34810.70     | 0.00%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM5176                                                                                    | CUSIP: 3140X8XE2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      180198 | PA      | $148533.11    | 0.02%             | 2050-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB2620                                                                                    | CUSIP: 3140QM4E1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      208042 | PA      | $180334.12    | 0.02%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS0599                                                                                    | CUSIP: 3140XFUZ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       30580 | PA      | $25203.84     | 0.00%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD0732                                                                                    | CUSIP: 3132DMY58<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      133922 | PA      | $109987.70    | 0.01%             | 2051-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR RA6768                                                                                    | CUSIP: 3133KNQV8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       47471 | PA      | $38982.57     | 0.00%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS0598                                                                                    | CUSIP: 3140XFUY5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       29456 | PA      | $24697.43     | 0.00%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD7528                                                                                    | CUSIP: 3132DVLH6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       55773 | PA      | $45967.72     | 0.00%             | 2050-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB2079                                                                                    | CUSIP: 3140QMJZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      297855 | PA      | $244602.84    | 0.03%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BN8997                                                                                    | CUSIP: 3140JR7K1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      117290 | PA      | $96677.71     | 0.01%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V3.057 01/25/33                                                                            | CUSIP: 17327CAQ6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |       36000 | PA      | $32892.43     | 0.00%             | 2033-01-25      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V2.943 01/21/33                                                                           | CUSIP: 61747YEL5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |       67000 | PA      | $60984.32     | 0.01%             | 2033-01-21      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS0497                                                                                    | CUSIP: 3140XFRT0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      196759 | PA      | $163931.00    | 0.02%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Wynn Macau Ltd.                                                                      | WYNMAC 5.625 08/26/28 REGS                                                                   | CUSIP: G98149AH3<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |      200000 | PA      | $199806.78    | 0.02%             | 2028-08-26      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: —       |
| Federal Home Loan Mortgage Corp.                                                     | FR SD7541                                                                                    | CUSIP: 3132DVLW3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      101394 | PA      | $83679.55     | 0.01%             | 2051-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BN9004                                                                                    | CUSIP: 3140JSAE9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       64969 | PA      | $53604.12     | 0.01%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR QD4857                                                                                    | CUSIP: 3133B2ME6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      140231 | PA      | $115958.27    | 0.01%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB2622                                                                                    | CUSIP: 3140QM4G6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      381720 | PA      | $330329.16    | 0.03%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS0193                                                                                    | CUSIP: 3140XFGB1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      198543 | PA      | $171092.75    | 0.02%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD0716                                                                                    | CUSIP: 3132DMYM1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      448152 | PA      | $371982.22    | 0.04%             | 2051-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM5305                                                                                    | CUSIP: 3140X83P0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       53810 | PA      | $44385.47     | 0.00%             | 2050-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD0730                                                                                    | CUSIP: 3132DMY33<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       26177 | PA      | $21581.33     | 0.00%             | 2051-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Northern Institutional Funds                                                         | Northern Institutional Funds TREAS PRT PRMR                                                  | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |     2155371 | NS      | $2155370.61   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                                                                        | iShares Trust US TREASURY BD ETF USD DIS                                                     | CUSIP: 46429B267<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    10701492 | NS      | $248274614.40 | 25.73%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Charlotte Funds                                                             | Vanguard Charlotte Funds TOTAL INTERNATIONAL BOND IN                                         | CUSIP: 92203J407<br>LEI: 549300Z9BHDBGHMJLU94 | Long             | EC               | RF                | US        |      375725 | NS      | $18729891.25  | 1.94%             |  |  |  | No            |                  1 | On Loan: —       |
| Altria Group, Inc.                                                                   | MO 4.45 05/06/50                                                                             | CUSIP: 02209SBK8<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |      430000 | PA      | $348233.10    | 0.04%             | 2050-05-06      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS0208                                                                                    | CUSIP: 3140XFGS4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      258528 | PA      | $223721.70    | 0.02%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Equitable Holdings Inc                                                               | EQH V6.7 03/28/55                                                                            | CUSIP: 29452EAD3<br>LEI: 549300FIBAKMNHPZ4009 | Long             | DBT              | CORP              | US        |      410000 | PA      | $429866.55    | 0.04%             | 2055-03-28      | Fixed         | 6.70%                 | No            |                  2 | On Loan: —       |
| Enstar Group Ltd                                                                     | ESGR V7.5 04/01/45 144A                                                                      | CUSIP: 29359UAD1<br>LEI: 213800AMAL5QFXVUCN04 | Long             | DBT              | CORP              | BM        |      320000 | PA      | $334361.28    | 0.03%             | 2045-04-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Hyatt Hotels Corporation                                                             | H 5.75 03/30/32                                                                              | CUSIP: 448579AV4<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |      320000 | PA      | $333928.07    | 0.03%             | 2032-03-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| Federal National Mortgage Association                                                | FN FS0209                                                                                    | CUSIP: 3140XFGT2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      317546 | PA      | $274379.70    | 0.03%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ING Groep N.V.                                                                       | INTNED V5.525 03/25/36                                                                       | CUSIP: 456837BS1<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |      330000 | PA      | $343496.95    | 0.04%             | 2036-03-25      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 4.1 03/25/61                                                                            | CUSIP: 68389XCB9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |       64000 | PA      | $44096.18     | 0.00%             | 2061-03-25      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS0211                                                                                    | CUSIP: 3140XFGV7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      207882 | PA      | $170873.45    | 0.02%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V6.625 PERP                                                                              | CUSIP: 06055HAH6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      800000 | PA      | $832800.00    | 0.09%             | 2049-12-31      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Sodexo Inc                                                                           | SWFP 5.8 08/15/35 144A                                                                       | CUSIP: 833794AD2<br>LEI: 549300WSZGQGJQXRFU84 | Long             | DBT              | CORP              | US        |      800000 | PA      | $836145.25    | 0.09%             | 2035-08-15      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| MetLife Inc.                                                                         | MET V6.35 03/15/55 G                                                                         | CUSIP: 59156RCQ9<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |      480000 | PA      | $508920.48    | 0.05%             | 2055-03-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| PacifiCorp.                                                                          | BRKHEC V7.375 09/15/55                                                                       | CUSIP: 695114DF2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |      320000 | PA      | $336168.64    | 0.03%             | 2055-09-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| Avis Budget Rental Car Funding AESOP LLC                                             | AESOP 2025-2A A                                                                              | CUSIP: 05377RKQ6<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |     1000000 | PA      | $1028398.10   | 0.11%             | 2031-08-20      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| NatWest Group PLC                                                                    | NWG V5.115 05/23/31                                                                          | CUSIP: 639057AV0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |      800000 | PA      | $821416.77    | 0.09%             | 2031-05-23      | Fixed         | 5.12%                 | No            |                  2 | On Loan: —       |
| Belrose Funding Trust II                                                             | LNC 6.792 05/15/55                                                                           | CUSIP: 08079KAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      320000 | PA      | $340893.67    | 0.04%             | 2055-05-15      | Fixed         | 6.79%                 | Yes           |                  2 | On Loan: No      |
| Apollo Management Holdings, L.P.                                                     | APO 2.65 06/05/30 144A                                                                       | CUSIP: 03765HAF8<br>LEI: 5493006XQW0V5K38YM64 | Long             | DBT              | CORP              | US        |      360000 | PA      | $330957.65    | 0.03%             | 2030-06-05      | Fixed         | 2.65%                 | Yes           |                  2 | On Loan: —       |
| Federal Home Loan Mortgage Corp.                                                     | FG J38060                                                                                    | CUSIP: 31307U5V6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      109436 | PA      | $106704.85    | 0.01%             | 2032-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| VERUS SEC TR 2021-8                                                                  | VERUS 2021-8 A1                                                                              | CUSIP: 92538GAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       55686 | PA      | $51661.08     | 0.01%             | 2066-11-25      | Variable      | 1.82%                 | Yes           |                  2 | On Loan: No      |
| Mars Inc.                                                                            | MARS 5.2 03/01/35 144A                                                                       | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |      330000 | PA      | $338709.48    | 0.04%             | 2035-03-01      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                             | AESOP 2025-2A B                                                                              | CUSIP: 05377RKR4<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |      600000 | PA      | $616793.28    | 0.06%             | 2031-08-20      | Fixed         | 5.51%                 | Yes           |                  2 | On Loan: No      |
| Fairfax Financial Holdings Limited                                                   | FFHCN 5.75 05/20/35 144A                                                                     | CUSIP: 303901BV3<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |      320000 | PA      | $334884.24    | 0.03%             | 2035-05-20      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Stack Infrastructure Issuer Llc                                                      | SIDC 2025-1A A2                                                                              | CUSIP: 85236KAP7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1300000 | PA      | $1296157.59   | 0.13%             | 2050-05-25      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| AIG Life Holdings Inc.                                                               | CRBG 8.125 03/15/46                                                                          | CUSIP: 00138GAC3<br>LEI: 5493001FBIY3WQ6U5014 | Long             | DBT              | CORP              | US        |      270000 | PA      | $328084.68    | 0.03%             | 2046-03-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Meiji Yasuda Life Insurance Co.                                                      | MYLIFE V6.1 06/11/55 144A                                                                    | CUSIP: 585270AE1<br>LEI: 549300SLU4LP6YMRLK07 | Long             | DBT              | CORP              | JP        |      550000 | PA      | $576475.90    | 0.06%             | 2055-06-11      | Fixed         | 6.10%                 | Yes           |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                                                       | CBAAU V5.929 03/14/46 144A                                                                   | CUSIP: 202712BX2<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |      350000 | PA      | $364368.64    | 0.04%             | 2046-03-14      | Fixed         | 5.93%                 | Yes           |                  2 | On Loan: No      |
| Credit Agricole S.A. London Branch                                                   | ACAFP V5.222 05/27/31 144a                                                                   | CUSIP: 22535WAR8<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |      800000 | PA      | $820331.93    | 0.09%             | 2031-05-27      | Fixed         | 5.22%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA7767                                                                                    | CUSIP: 36179WTY4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      216237 | PA      | $187246.97    | 0.02%             | 2051-12-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fortitude Group Holdings LLC                                                         | FORTRE 6.25 04/01/30 144A                                                                    | CUSIP: 34966XAA6<br>LEI: 2549006R9ZUL08JFIH12 | Long             | DBT              | CORP              | US        |      320000 | PA      | $332311.18    | 0.03%             | 2030-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA5734                                                                                    | CUSIP: 31418FLQ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    13956860 | PA      | $13888748.26  | 1.44%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FG J37706                                                                                    | CUSIP: 31307UR34<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      105143 | PA      | $102498.43    | 0.01%             | 2032-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FG J37835                                                                                    | CUSIP: 31307UV47<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      144538 | PA      | $140795.95    | 0.01%             | 2032-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                       | MEX 3.5 02/12/34                                                                             | CUSIP: 91087BAR1<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |      451000 | PA      | $391129.75    | 0.04%             | 2034-02-12      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VISTA POINT SECURITIZATION TRUST 2025-CES1                                           | VSTA 2025-CES1 A1                                                                            | CUSIP: 92842DAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1400942 | PA      | $1408370.11   | 0.15%             | 2055-04-25      | Variable      | 5.81%                 | Yes           |                  2 | On Loan: No      |
| Compass Datacenters Issuer II LLC                                                    | CMPDC 2025-1A A1                                                                             | CUSIP: 20469CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1000000 | PA      | $1015088.60   | 0.11%             | 2050-05-25      | Fixed         | 5.32%                 | Yes           |                  2 | On Loan: No      |
| SAN ANTONIO TEX                                                                      | TX SANUTL 5.81 02/01/2041                                                                    | CUSIP: 796253Y30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |       75000 | PA      | $78173.77     | 0.01%             | 2041-02-01      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AL5597                                                                                    | CUSIP: 3138ENGF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       81377 | PA      | $81347.52     | 0.01%             | 2044-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 0.375 09/30/27                                                                             | CUSIP: 91282CAL5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      970000 | PA      | $912823.05    | 0.09%             | 2027-09-30      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 2.25 02/15/52                                                                              | CUSIP: 912810TD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1486200 | PA      | $932474.40    | 0.10%             | 2052-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 5.25 04/01/53                                                                           | CUSIP: 161175CK8<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |       48000 | PA      | $39078.03     | 0.00%             | 2053-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V3.785 03/17/33                                                                            | CUSIP: 172967NN7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |      470000 | PA      | $446998.59    | 0.05%             | 2033-03-17      | Fixed         | 3.79%                 | No            |                  2 | On Loan: —       |
| Targa Resources Corp.                                                                | TRGP 4.2 02/01/33                                                                            | CUSIP: 87612GAA9<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |      228000 | PA      | $217081.16    | 0.02%             | 2033-02-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.125 10/31/27                                                                             | CUSIP: 91282CFU0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1096600 | PA      | $1107566.00   | 0.11%             | 2027-10-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: —       |
| United States Treasury Bonds                                                         | T 3.625 02/15/53                                                                             | CUSIP: 912810TN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       41000 | PA      | $34226.99     | 0.00%             | 2053-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2024-11                                                     | AOMT 2024-11 A1                                                                              | CUSIP: 03463QAA4<br>LEI: 2549009VFCBSE99NTJ29 | Long             | ABS-O            | CORP              | US        |      341987 | PA      | $344649.49    | 0.04%             | 2069-08-25      | Variable      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB5543                                                                                    | CUSIP: 3140QRER0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      537392 | PA      | $554419.48    | 0.06%             | 2053-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman Clo XXI LLC                                                         | NEUB 2016-21A A1R3                                                                           | CUSIP: 64130DBS8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      340000 | PA      | $340738.48    | 0.04%             | 2039-01-20      | Variable      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| J P MORGAN MTG TR 2025-VIS1                                                          | JPMMT 2025-VIS1 M1                                                                           | CUSIP: 46659BAF9<br>LEI: 529900CBDGTUOOQONB64 | Long             | ABS-O            | CORP              | US        |      150000 | PA      | $151625.22    | 0.02%             | 2055-08-25      | Variable      | 6.41%                 | Yes           |                  2 | On Loan: No      |
| Flourishing Trade & Investment Ltd.                                                  | Flourishing Trade & Investment Ltd. 11.035% SNR SEC NTS 02/04/2028 USD (144A)                | CUSIP: 343427AA8<br>LEI: 894500SZ5TN63ZJ0Y632 | Long             | DBT              | CORP              | MR        |      437220 | PA      | $437220.00    | 0.05%             | 2030-04-01      | Fixed         | 11.04%                | Yes           |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 4.25 05/15/39                                                                              | CUSIP: 912810QB7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       64000 | PA      | $63350.00     | 0.01%             | 2039-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                           | BATSLN 4.54 08/15/47                                                                         | CUSIP: 05526DBF1<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |       35000 | PA      | $29338.84     | 0.00%             | 2047-08-15      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FG G61047                                                                                    | CUSIP: 31335BEU6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       62516 | PA      | $62180.77     | 0.01%             | 2047-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Long Beach Mortgage Loan Trust 2006-6                                                | LBMLT 2006-6 2A3                                                                             | CUSIP: 54251RAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      697040 | PA      | $275767.18    | 0.03%             | 2036-07-25      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| I/O DBGS 2019-1735 MO VAR                                                            | I/O DBGS 2019-1735 MO VAR                                                                    | CUSIP: 23307EAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    13945000 | PA      | $114591.64    | 0.01%             | 2037-04-10      | Floating      | 0.29%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA6106                                                                                    | CUSIP: 3140QDYC2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      117772 | PA      | $113014.43    | 0.01%             | 2050-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 1.125 08/31/28                                                                             | CUSIP: 91282CCV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1395200 | PA      | $1303204.00   | 0.14%             | 2028-08-31      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 2.375 03/31/29                                                                             | CUSIP: 91282CEE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1121800 | PA      | $1077015.64   | 0.11%             | 2029-03-31      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 3 08/15/52                                                                                 | CUSIP: 912810TJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       26000 | PA      | $19216.64     | 0.00%             | 2052-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4 02/29/28                                                                                 | CUSIP: 91282CGP0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       14000 | PA      | $14124.69     | 0.00%             | 2028-02-29      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4 02/15/34                                                                                 | CUSIP: 91282CJZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1061800 | PA      | $1062505.10   | 0.11%             | 2034-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| A&D MORTGAGE TRUST 2023-NQM2                                                         | ADMT 2024-NQM5 M1                                                                            | CUSIP: 00039KAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      201500 | PA      | $203180.13    | 0.02%             | 2069-11-25      | Variable      | 6.52%                 | Yes           |                  2 | On Loan: No      |
| SYCAMORE TRE CLO LT 2021-1                                                           | STCP 2021-1A AR                                                                              | CUSIP: 87122VAS0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      250000 | PA      | $250724.70    | 0.03%             | 2038-01-20      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB5145                                                                                    | CUSIP: 3140QQWF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      156938 | PA      | $161909.86    | 0.02%             | 2052-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                             | VST 5.7 12/30/34 144A                                                                        | CUSIP: 92840VAU6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |      425000 | PA      | $436537.05    | 0.05%             | 2034-12-30      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                                                                                    | CUSIP: 01F0606B6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Short            | ABS-MBS          | USGSE             | US        |   -15409739 | PA      | $-15757336.02 | -1.63%            | 2049-12-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                                                                                    | CUSIP: 01F0626B2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     1152000 | PA      | $1192878.42   | 0.12%             | 2049-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-30YR                                                                                    | CUSIP: 01F0526B3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    19874652 | PA      | $20079294.53  | 2.08%             | 2049-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AS2947                                                                                    | CUSIP: 3138WCHZ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      259478 | PA      | $252532.66    | 0.03%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BM5304                                                                                    | CUSIP: 3140J93N9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       13404 | PA      | $13101.07     | 0.00%             | 2032-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| 245 Park Avenue Trust 2017                                                           | PRKAV 2017-245P E                                                                            | CUSIP: 90187LAN9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      740000 | PA      | $702024.98    | 0.07%             | 2037-06-05      | Variable      | 3.78%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FG G61677                                                                                    | CUSIP: 31335B2J4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       40596 | PA      | $40365.17     | 0.00%             | 2047-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 1.25 09/30/28                                                                              | CUSIP: 91282CCY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1368700 | PA      | $1280536.48   | 0.13%             | 2028-09-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM3665                                                                                    | CUSIP: 3140X7CB3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      182330 | PA      | $175247.92    | 0.02%             | 2049-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FN MA4500                                                                                    | CUSIP: 31418EAA8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      868038 | PA      | $722877.11    | 0.07%             | 2041-12-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM7973                                                                                    | CUSIP: 3140XB2F6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       73466 | PA      | $70870.08     | 0.01%             | 2050-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                           | BATSLN 5.65 03/16/52                                                                         | CUSIP: 05526DBV6<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |      202000 | PA      | $192772.95    | 0.02%             | 2052-03-16      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM5820                                                                                    | CUSIP: 3140X9PE9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       24243 | PA      | $23215.09     | 0.00%             | 2050-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH                               | LA LASGOV 4.14 02/01/2033                                                                    | CUSIP: 54627RAM2<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |       70000 | PA      | $69877.83     | 0.01%             | 2033-02-01      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.25 06/30/29                                                                              | CUSIP: 91282CEV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1253600 | PA      | $1236705.78   | 0.13%             | 2029-06-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.125 08/31/27                                                                             | CUSIP: 91282CFH9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |        6000 | PA      | $5948.67      | 0.00%             | 2027-08-31      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.125 09/30/27                                                                             | CUSIP: 91282CFM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1104000 | PA      | $1114393.12   | 0.12%             | 2027-09-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 3.875 02/15/43                                                                             | CUSIP: 912810TQ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      652500 | PA      | $597241.41    | 0.06%             | 2043-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.625 03/15/26                                                                             | CUSIP: 91282CGR6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     2508000 | PA      | $2515190.91   | 0.26%             | 2026-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| HOMES 2024-NQM2 TRUST                                                                | HOMES 2024-NQM2 A1                                                                           | CUSIP: 43761CAA0<br>LEI: 254900MQRASV1D1NGZ28 | Long             | ABS-O            | CORP              | US        |       88911 | PA      | $89608.81     | 0.01%             | 2069-10-25      | Fixed         | 5.72%                 | Yes           |                  2 | On Loan: No      |
| Applovin Corp.                                                                       | APP 5.125 12/01/29                                                                           | CUSIP: 03831WAB4<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |      400000 | PA      | $408292.23    | 0.04%             | 2029-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: —       |
| Pacific Gas and Electric Company                                                     | PCG 6.15 03/01/55                                                                            | CUSIP: 694308KV8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |      256000 | PA      | $257734.63    | 0.03%             | 2055-03-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V5.572 04/22/36                                                                          | CUSIP: 46647PEX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |      134000 | PA      | $141252.36    | 0.01%             | 2036-04-22      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 7.5 11/06/33                                                                             | CUSIP: 404119AJ8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |       15000 | PA      | $17359.10     | 0.00%             | 2033-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Bayview Commercial Asset Trust 2006-SP2                                              | BAYC 2006-1A A1                                                                              | CUSIP: 07324SDE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      167212 | PA      | $158007.31    | 0.02%             | 2036-04-25      | Floating      | 4.51%                 | Yes           |                  2 | On Loan: No      |
| Alabama Power Co.                                                                    | SO 6 03/01/39                                                                                | CUSIP: 010392FB9<br>LEI: 0RL818ELFOHP5JHOFU19 | Long             | DBT              | CORP              | US        |       28000 | PA      | $30472.27     | 0.00%             | 2039-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AW4229                                                                                    | CUSIP: 3138XTVX0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       10635 | PA      | $10460.84     | 0.00%             | 2029-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Cfk Trust 2019-Fax                                                                   | CFK 2019-FAX D                                                                               | CUSIP: 12528XAJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $96328.52     | 0.01%             | 2039-01-15      | Variable      | 4.64%                 | Yes           |                  2 | On Loan: No      |
| Altria Group, Inc.                                                                   | MO 6.2 02/14/59                                                                              | CUSIP: 02209SBG7<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |      158000 | PA      | $161646.45    | 0.02%             | 2059-02-14      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA3094                                                                                    | CUSIP: 3140QANL0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      204948 | PA      | $204329.85    | 0.02%             | 2049-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BM4614                                                                                    | CUSIP: 3140J9DU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       16525 | PA      | $16140.40     | 0.00%             | 2033-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AU6873                                                                                    | CUSIP: 3138X6T70<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       54892 | PA      | $54636.82     | 0.01%             | 2043-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BH9243                                                                                    | CUSIP: 3140GYHV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       79538 | PA      | $77552.94     | 0.01%             | 2033-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BH5764                                                                                    | CUSIP: 3140GUMN4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       21541 | PA      | $21373.00     | 0.00%             | 2047-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FG G61989                                                                                    | CUSIP: 31335CF66<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     1675653 | PA      | $1585553.37   | 0.16%             | 2049-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GSAA Home Equity Trust 2004-8                                                        | GSAA 2006-4 1A1                                                                              | CUSIP: 362334FD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       39721 | PA      | $27477.13     | 0.00%             | 2036-03-25      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNMA-15YR                                                                                    | CUSIP: 01F0124B9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      125000 | PA      | $111960.73    | 0.01%             | 2049-12-31      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 1.375 11/15/40                                                                             | CUSIP: 912810ST6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1373000 | PA      | $904517.38    | 0.09%             | 2040-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 1.25 03/31/28                                                                              | CUSIP: 91282CBS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1046700 | PA      | $990480.76    | 0.10%             | 2028-03-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 1.875 11/15/51                                                                             | CUSIP: 912810TB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1164000 | PA      | $666253.59    | 0.07%             | 2051-11-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 1.875 02/28/27                                                                             | CUSIP: 91282CEC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |        4000 | PA      | $3907.66      | 0.00%             | 2027-02-28      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                           | AMGN 4.4 02/22/62                                                                            | CUSIP: 031162DG2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |       65000 | PA      | $52053.72     | 0.01%             | 2062-02-22      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB5055                                                                                    | CUSIP: 3140QQTM7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      217027 | PA      | $223902.71    | 0.02%             | 2052-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                             | VST 5.05 12/30/26 144A                                                                       | CUSIP: 92840VAT9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |      135000 | PA      | $135927.32    | 0.01%             | 2026-12-30      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V4.994 04/12/29 .                                                                         | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     1066000 | PA      | $1085823.08   | 0.11%             | 2029-04-12      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Washington Mutual Mortgage Pass-Through Certificates                                 | WAMU 2006-AR13 1A                                                                            | CUSIP: 93363RAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      221322 | PA      | $195927.41    | 0.02%             | 2046-10-25      | Floating      | 3.99%                 | No            |                  2 | On Loan: No      |
| Master Asset Securitization Trust                                                    | MASTR 2007-1 1A4                                                                             | CUSIP: 55292AAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      562796 | PA      | $93336.28     | 0.01%             | 2037-11-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BN0691                                                                                    | CUSIP: 3140JGXV2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       23200 | PA      | $22993.74     | 0.00%             | 2048-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AX6435                                                                                    | CUSIP: 3138Y8EH9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       10473 | PA      | $10246.45     | 0.00%             | 2030-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA3022                                                                                    | CUSIP: 3140QALC2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       48603 | PA      | $47918.82     | 0.00%             | 2034-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AS7488                                                                                    | CUSIP: 3138WHKA9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      534715 | PA      | $491086.94    | 0.05%             | 2046-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                                                  | SYF 5.15 03/19/29                                                                            | CUSIP: 87165BAP8<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |      209000 | PA      | $212210.91    | 0.02%             | 2029-03-19      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BM3208                                                                                    | CUSIP: 3140J7R64<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       27610 | PA      | $27395.48     | 0.00%             | 2047-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 0.625 11/30/27                                                                             | CUSIP: 91282CAY7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       12000 | PA      | $11294.06     | 0.00%             | 2027-11-30      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 1.875 02/15/41                                                                             | CUSIP: 912810SW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1863700 | PA      | $1321042.97   | 0.14%             | 2041-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 2.375 05/15/51                                                                             | CUSIP: 912810SX7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      391300 | PA      | $254589.56    | 0.03%             | 2051-05-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 1.375 12/31/28                                                                             | CUSIP: 91282CDP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |        4000 | PA      | $3735.78      | 0.00%             | 2028-12-31      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V3.35 03/02/33 MTN                                                                       | CUSIP: 95000U2U6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |       49000 | PA      | $45683.86     | 0.00%             | 2033-03-02      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES 2022-                                                  | GSMBS 2022-NQM1 A4                                                                           | CUSIP: 36264EAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       65475 | PA      | $61215.15     | 0.01%             | 2062-05-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FN MA4586                                                                                    | CUSIP: 31418ECY4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       68109 | PA      | $59161.09     | 0.01%             | 2042-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.25 06/30/27                                                                              | CUSIP: 91282CEW7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     4939000 | PA      | $4909481.77   | 0.51%             | 2027-06-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.875 11/30/27                                                                             | CUSIP: 91282CFZ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1475500 | PA      | $1483626.77   | 0.15%             | 2027-11-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.5 04/30/28                                                                               | CUSIP: 91282CHA2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       61000 | PA      | $60861.80     | 0.01%             | 2028-04-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BPR COMMERCIAL MORTGAGE TRUST 2024-                                                  | BPR 2024-PARK A                                                                              | CUSIP: 05593UAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      110000 | PA      | $111760.25    | 0.01%             | 2039-11-05      | Variable      | 5.39%                 | Yes           |                  2 | On Loan: No      |
| TRIMARAN CAVU 2024-1 LTD/LLC                                                         | CAVU 2024-1A A                                                                               | CUSIP: 895971AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      250000 | PA      | $250689.40    | 0.03%             | 2038-01-25      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| OCP AEGIS CLO 2023-29 LTD/LLC                                                        | OCPA 2024-39A A1                                                                             | CUSIP: 67120EAA1<br>LEI: 2138009EGVOGD3J5GI42 | Long             | ABS-CBDO         | CORP              | JE        |      250000 | PA      | $250248.80    | 0.03%             | 2037-01-16      | Floating      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| COMM 2024-CBM MORTGAGE TRUST                                                         | COMM 2024-CBM A2                                                                             | CUSIP: 12674GAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      110000 | PA      | $112042.62    | 0.01%             | 2041-12-10      | Variable      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| AFFIRM MASTER TRUST                                                                  | AFRMT 2025-1A A                                                                              | CUSIP: 00833BAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      304000 | PA      | $306118.24    | 0.03%             | 2033-02-15      | Fixed         | 4.99%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V4.937 04/23/28                                                                           | CUSIP: 38141GC77<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |      414000 | PA      | $418469.57    | 0.04%             | 2028-04-23      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                                     | PARA 4.375 03/15/43                                                                          | CUSIP: 92553PAP7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |       30000 | PA      | $22719.87     | 0.00%             | 2043-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Minejesa Capital BV                                                                  | MINCAP 5.625 08/10/37 REGS                                                                   | CUSIP: N57445AB9<br>LEI: 549300KS7ERCP10BKC35 | Long             | DBT              | CORP              | NL        |      522000 | PA      | $519390.00    | 0.05%             | 2037-08-10      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BN1628                                                                                    | CUSIP: 3140JHY23<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      175942 | PA      | $174392.48    | 0.02%             | 2048-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Benchmark 2020-B16 Mortgage Trust                                                    | BMARK 2019-B9 XA                                                                             | CUSIP: 08160JAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     1596007 | PA      | $41663.60     | 0.00%             | 2052-03-15      | Variable      | 1.01%                 | No            |                  2 | On Loan: No      |
| Master Asset Securitization Trust                                                    | MASTR 2007-2 A2                                                                              | CUSIP: 57646NAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      289547 | PA      | $147154.94    | 0.02%             | 2038-01-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| STORE Capital Corp.                                                                  | STOR 4.625 03/15/29                                                                          | CUSIP: 862121AB6<br>LEI: 5493004EA6C9IHDZ7N66 | Long             | DBT              | CORP              | US        |      340000 | PA      | $337913.28    | 0.04%             | 2029-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BE2735                                                                                    | CUSIP: 3140FNBD5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        5812 | PA      | $5743.03      | 0.00%             | 2047-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 1.625 11/15/50                                                                             | CUSIP: 912810SS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      251800 | PA      | $136896.58    | 0.01%             | 2050-11-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FR SD0878                                                                                    | CUSIP: 3132DM6P5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |       34973 | PA      | $33818.91     | 0.00%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 3.625 05/15/53                                                                             | CUSIP: 912810TR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       35500 | PA      | $29607.83     | 0.00%             | 2053-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Securities Trust 2024-Iglg                       | JPMCC 2024-IGLG D                                                                            | CUSIP: 46593KAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      140000 | PA      | $140249.77    | 0.01%             | 2041-11-05      | Variable      | 6.48%                 | Yes           |                  2 | On Loan: No      |
| Republic Finance Issuance Trust 2024-B                                               | REPS 2024-B B                                                                                | CUSIP: 76042GAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      100000 | PA      | $101918.37    | 0.01%             | 2037-11-20      | Fixed         | 5.86%                 | Yes           |                  2 | On Loan: No      |
| Crown Castle Inc.                                                                    | CCI 4.3 02/15/29                                                                             | CUSIP: 22822VAL5<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |      102000 | PA      | $101569.66    | 0.01%             | 2029-02-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AS0496                                                                                    | CUSIP: 3138W9RS1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        4374 | PA      | $4312.49      | 0.00%             | 2028-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BM5896                                                                                    | CUSIP: 3140JARS9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       60815 | PA      | $60943.33     | 0.01%             | 2048-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FG G61079                                                                                    | CUSIP: 31335BFU5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       15244 | PA      | $15168.51     | 0.00%             | 2047-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FG Q59918                                                                                    | CUSIP: 3132Y4AU6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      128823 | PA      | $128344.36    | 0.01%             | 2048-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA1021                                                                                    | CUSIP: 3140Q8D36<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       45658 | PA      | $45302.76     | 0.00%             | 2048-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2-30YR-Multi                                                                                | CUSIP: 21H0206B6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     1726000 | PA      | $1435218.57   | 0.15%             | 2049-12-31      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 1.25 05/31/28                                                                              | CUSIP: 91282CCE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1710800 | PA      | $1612629.49   | 0.17%             | 2028-05-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 5.5 04/01/63                                                                            | CUSIP: 161175CL6<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |       17000 | PA      | $13812.86     | 0.00%             | 2063-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CA5368                                                                                    | CUSIP: 3140QC6E1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       76409 | PA      | $73320.19     | 0.01%             | 2050-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Extra Space Storage LP                                                               | EXR 3.9 04/01/29                                                                             | CUSIP: 30225VAH0<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |       17000 | PA      | $16760.37     | 0.00%             | 2029-04-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 2.875 05/15/32                                                                             | CUSIP: 91282CEP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       43600 | PA      | $41133.88     | 0.00%             | 2032-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4 02/28/30                                                                                 | CUSIP: 91282CGQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1408000 | PA      | $1425930.01   | 0.15%             | 2030-02-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST 2024-VIS                                                  | JPMMT 2024-VIS2 B1                                                                           | CUSIP: 46658DAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       25000 | PA      | $25351.69     | 0.00%             | 2064-11-25      | Variable      | 7.72%                 | Yes           |                  2 | On Loan: No      |
| Dowson 2024-1 PLC                                                                    | DWSON 2024-1 E                                                                               | CUSIP: G2826SAE9<br>LEI: 635400IRBWDPWKGK1C24 | Long             | ABS-O            | CORP              | GB        |      116000 | PA      | $151815.78    | 0.02%             | 2031-08-20      | Floating      | 7.92%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Securities Trust 2024-Iglg                       | JPMCC 2024-IGLG E                                                                            | CUSIP: 46593KAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      435000 | PA      | $435717.32    | 0.05%             | 2041-11-05      | Variable      | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Wom Mobile S.p.A.                                                                    | WOMMOB 11 04/01/31 144A                                                                      | CUSIP: 97810LAA7<br>LEI: 549300T600VUO0QJ3063 | Long             | DBT              | CORP              | CL        |        3097 | PA      | $2957.64      | 0.00%             | 2031-04-01      | Fixed         | 12.50%                | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AW1281                                                                                    | CUSIP: 3138XQM73<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        2053 | PA      | $2015.11      | 0.00%             | 2029-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA5711                                                                                    | CUSIP: 36179UKY7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       29855 | PA      | $29662.11     | 0.00%             | 2049-01-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Firstenergy Transmission Llc                                                         | FE 4.55 04/01/49 144A                                                                        | CUSIP: 33767BAC3<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |      200000 | PA      | $173210.78    | 0.02%             | 2049-04-01      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BJ9172                                                                                    | CUSIP: 3140HBFN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       92653 | PA      | $91932.41     | 0.01%             | 2048-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BM5862                                                                                    | CUSIP: 3140JAQQ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      114910 | PA      | $113945.10    | 0.01%             | 2049-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 0.625 07/31/26                                                                             | CUSIP: 91282CCP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1989100 | PA      | $1943490.55   | 0.20%             | 2026-07-31      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 2 08/15/51                                                                                 | CUSIP: 912810SZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      389000 | PA      | $230604.06    | 0.02%             | 2051-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FS0316                                                                                    | CUSIP: 3140XFK67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     1694850 | PA      | $1436732.96   | 0.15%             | 2041-11-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Dowson 2024-1 PLC                                                                    | DWSON 2024-1 F                                                                               | CUSIP: G2826SAC3<br>LEI: 635400IRBWDPWKGK1C24 | Long             | ABS-O            | CORP              | GB        |      170000 | PA      | $220232.57    | 0.02%             | 2031-08-20      | Floating      | 10.92%                | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN CB5310                                                                                    | CUSIP: 3140QQ3U7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      261367 | PA      | $269648.04    | 0.03%             | 2052-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V4.786 03/04/29                                                                            | CUSIP: 17327CAW3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |      252000 | PA      | $255272.54    | 0.03%             | 2029-03-04      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| Wom Chile Holdco S.p.A.                                                              | WOMCHH 5 04/01/32 144A                                                                       | CUSIP: 97810KAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | CL        |      219015 | PA      | $197113.50    | 0.02%             | 2032-04-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| UK Logistics 2025-1 Designated Activity Co.                                          | UKLOG 2025-1X D                                                                              | CUSIP: G930ZMAD6<br>LEI: 635400LLQ82YFJBFFU27 | Long             | ABS-O            | CORP              | IE        |      141005 | PA      | $185913.52    | 0.02%             | 2035-05-17      | Floating      | 7.97%                 | Yes           |                  2 | On Loan: No      |
| CURRENCY CONTRACT - ARS                                                              | CURRENCY CONTRACT - ARS                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -10082 | NC      | $57.46        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - BRL                                                              | CURRENCY CONTRACT - BRL                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -1388888 | NC      | $23149.57     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - BRL                                                              | CURRENCY CONTRACT - BRL                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -2291088 | NC      | $8677.77      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - BRL                                                              | CURRENCY CONTRACT - BRL                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -1245918 | NC      | $3421.19      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - BRL                                                              | CURRENCY CONTRACT - BRL                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -46000 | NC      | $-341.97      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CAD                                                              | CURRENCY CONTRACT - CAD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -1983012 | NC      | $-50.70       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CHF                                                              | CURRENCY CONTRACT - CHF                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -20515 | NC      | $-223.09      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CHF                                                              | CURRENCY CONTRACT - CHF                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -26000 | NC      | $-280.81      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CLP                                                              | CURRENCY CONTRACT - CLP                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -62879 | NC      | $-215.28      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CLP                                                              | CURRENCY CONTRACT - CLP                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -17000 | NC      | $-58.20       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CNH                                                              | CURRENCY CONTRACT - CNH                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -1650000 | NC      | $-6256.81     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CNH                                                              | CURRENCY CONTRACT - CNH                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -104000 | NC      | $-481.53      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CNH                                                              | CURRENCY CONTRACT - CNH                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -284957 | NC      | $-1322.58     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - COP                                                              | CURRENCY CONTRACT - COP                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -690606 | NC      | $9697.73      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - COP                                                              | CURRENCY CONTRACT - COP                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -25000 | NC      | $378.81       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - COP                                                              | CURRENCY CONTRACT - COP                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -89471 | NC      | $402.09       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CZK                                                              | CURRENCY CONTRACT - CZK                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -80000 | NC      | $-867.20      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CZK                                                              | CURRENCY CONTRACT - CZK                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -213612 | NC      | $-2352.43     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - EGP                                                              | CURRENCY CONTRACT - EGP                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -30052 | NC      | $4895.26      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - EGP                                                              | CURRENCY CONTRACT - EGP                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -15000 | NC      | $5.41         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - EGP                                                              | CURRENCY CONTRACT - EGP                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -25643 | NC      | $-42.51       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - EUR                                                              | CURRENCY CONTRACT - EUR                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -419970 | NC      | $-7348.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - EUR                                                              | CURRENCY CONTRACT - EUR                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -8840867 | NC      | $-42.41       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - EUR                                                              | CURRENCY CONTRACT - EUR                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -73561 | NC      | $-837.83      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - EUR                                                              | CURRENCY CONTRACT - EUR                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -8572662 | NC      | $-40.80       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - EUR                                                              | CURRENCY CONTRACT - EUR                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -26613 | NC      | $-63.29       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - EUR                                                              | CURRENCY CONTRACT - EUR                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -34723 | NC      | $-139.44      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - GBP                                                              | CURRENCY CONTRACT - GBP                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -33100 | NC      | $-255.39      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - HUF                                                              | CURRENCY CONTRACT - HUF                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -116835 | NC      | $-1171.32     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - HUF                                                              | CURRENCY CONTRACT - HUF                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -33000 | NC      | $-328.35      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - IDR                                                              | CURRENCY CONTRACT - IDR                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -64000 | NC      | $-337.06      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - IDR                                                              | CURRENCY CONTRACT - IDR                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -334171 | NC      | $-1759.95     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - INR                                                              | CURRENCY CONTRACT - INR                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -78000 | NC      | $-382.39      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - INR                                                              | CURRENCY CONTRACT - INR                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -368967 | NC      | $-1808.86     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - JPY                                                              | CURRENCY CONTRACT - JPY                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -18000 | NC      | $-52.89       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - JPY                                                              | CURRENCY CONTRACT - JPY                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -25924 | NC      | $-328.04      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - MXN                                                              | CURRENCY CONTRACT - MXN                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -665000 | NC      | $4086.18      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - MXN                                                              | CURRENCY CONTRACT - MXN                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -665000 | NC      | $-6448.22     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - MXN                                                              | CURRENCY CONTRACT - MXN                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -139000 | NC      | $-1212.80     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - MYR                                                              | CURRENCY CONTRACT - MYR                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -73000 | NC      | $-286.04      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - MYR                                                              | CURRENCY CONTRACT - MYR                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -348091 | NC      | $-1363.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - NGN                                                              | CURRENCY CONTRACT - NGN                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -10000 | NC      | $73.99        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - NGN                                                              | CURRENCY CONTRACT - NGN                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -10000 | NC      | $119.91       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - NGN                                                              | CURRENCY CONTRACT - NGN                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -16760 | NC      | $200.96       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - NGN                                                              | CURRENCY CONTRACT - NGN                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -16760 | NC      | $124.01       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - PEN                                                              | CURRENCY CONTRACT - PEN                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -450000 | NC      | $4293.30      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - PHP                                                              | CURRENCY CONTRACT - PHP                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -17000 | NC      | $-26.13       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - PHP                                                              | CURRENCY CONTRACT - PHP                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -34460 | NC      | $-52.97       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - PLN                                                              | CURRENCY CONTRACT - PLN                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -16000 | NC      | $-254.77      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - PLN                                                              | CURRENCY CONTRACT - PLN                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -178555 | NC      | $-2843.20     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - RON                                                              | CURRENCY CONTRACT - RON                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -51146 | NC      | $-588.72      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - THB                                                              | CURRENCY CONTRACT - THB                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -357004 | NC      | $-292.03      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - THB                                                              | CURRENCY CONTRACT - THB                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -82000 | NC      | $-67.08       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - TRY                                                              | CURRENCY CONTRACT - TRY                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -16124 | NC      | $-62.43       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -1685300 | NC      | $-4911.33     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -1804000 | NC      | $-5173.16     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -567100 | NC      | $22617.75     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -182323906 | NC      | $60275.20     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -737017 | NC      | $15170.38     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -2916800 | NC      | $60037.92     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -2298000 | NC      | $759.82       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -770000 | NC      | $-2320.13     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -3673000 | NC      | $-11067.30    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -8900995 | NC      | $-26820.04    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -10270000 | NC      | $-6536.45     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        | -2152013000 | NC      | $-11255.97    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -529495214 | NC      | $-2769.49     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -1567710 | NC      | $-14997.94    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -796000 | NC      | $21248.82     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -10108000 | NC      | $3327.29      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -227000 | NC      | $10849.35     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -206000 | NC      | $6842.06      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -109000 | NC      | $2846.40      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -450000 | NC      | $9920.43      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -359000 | NC      | $8339.89      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -111000 | NC      | $2578.68      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -206000 | NC      | $2356.11      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -88000 | NC      | $321.04       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -10286542 | NC      | $-3164.79     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -12439324 | NC      | $-6291.13     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -6804670 | NC      | $-4719.06     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -1530450 | NC      | $-4257.47     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        | -2708736603 | NC      | $-9502.11     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -121000 | NC      | $2395.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -12296758 | NC      | $6446.14      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -40698 | NC      | $276.51       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |       -9762 | NC      | $129.60       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -44981 | NC      | $219.37       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -23587 | NC      | $160.09       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -62192000 | NC      | $-71.91       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -7722010 | NC      | $9698.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -600208 | NC      | $23.24        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |    -5827901 | NC      | $2995.17      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -33560 | NC      | $164.15       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -499000 | NC      | $340.73       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -160322 | NC      | $139.22       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -39639 | NC      | $87.31        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -27000 | NC      | $59.47        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -74900 | NC      | $581.41       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -45000 | NC      | $349.32       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -606732 | NC      | $12.04        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -312525 | NC      | $6.20         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -59000 | NC      | $222.03       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                                              | CURRENCY CONTRACT - USD                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -38604 | NC      | $8.51         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - ZAR                                                              | CURRENCY CONTRACT - ZAR                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -589130 | NC      | $3130.17      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - ZAR                                                              | CURRENCY CONTRACT - ZAR                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -223413 | NC      | $-3010.94     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - ZAR                                                              | CURRENCY CONTRACT - ZAR                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -63000 | NC      | $-849.05      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-NOTE 10YR                                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |          43 | NC      | $4844890.63   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-BOND 30YR                                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |           6 | NC      | $703875.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-NOTE ULTRA 10Y                                                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         -30 | NC      | $-3464531.25  | -0.36%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-BOND ULTRA                                                                              | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         104 | NC      | $12613250.00  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-NOTE 5YR                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         427 | NC      | $46633070.31  | 4.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                               | US T-NOTE 2YR                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         -57 | NC      | $-11869804.68 | -1.23%            |  |  |  | No            |                  1 | On Loan: No      |
| Eurex                                                                                | FGBL Dec 2025                                                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | DE        |           5 | NC      | $745706.95    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sydney Futures Exchange                                                              | ASX 10 Year Treasury Bond Futures                                                            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | AU        |          22 | NC      | $1635406.48   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Sydney Futures Exchange                                                              | ASX 3 Year Treasury Bond Futures                                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | AU        |          54 | NC      | $3770769.63   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| FXO AUDUSD CALL 0.655 181                                                            | FXO AUDUSD CALL 0.655 181                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | AU        |      121000 | NC      | $900.64       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FXO AUDUSD CALL 0.655 181                                                            | FXO AUDUSD CALL 0.655 181                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | AU        |       81000 | NC      | $602.91       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FXO AUDUSD PUT 0.64 18122                                                            | FXO AUDUSD PUT 0.64 18122                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | AU        |      -81000 | NC      | $-235.82      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FXO AUDUSD PUT 0.64 18122                                                            | FXO AUDUSD PUT 0.64 18122                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | AU        |      -54000 | NC      | $-157.22      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FXO EURUSD CALL 1.17 1212                                                            | FXO EURUSD CALL 1.17 1212                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |       74000 | NC      | $267.47       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FXO EURUSD CALL 1.17 1212                                                            | FXO EURUSD CALL 1.17 1212                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |       60000 | NC      | $216.87       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FXO EURUSD CALL 1.17 2912                                                            | FXO EURUSD CALL 1.17 2912                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |       53000 | NC      | $272.99       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FXO EURUSD CALL 1.175 061                                                            | FXO EURUSD CALL 1.175 061                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |       67000 | NC      | $2.28         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FXO EURUSD CALL 1.175 061                                                            | FXO EURUSD CALL 1.175 061                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |       45000 | NC      | $1.53         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FXO EURUSD CALL 1.19 1212                                                            | FXO EURUSD CALL 1.19 1212                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -89000 | NC      | $-84.93       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FXO EURUSD CALL 1.19 1212                                                            | FXO EURUSD CALL 1.19 1212                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -111000 | NC      | $-105.93      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FXO EURUSD CALL 1.19 2912                                                            | FXO EURUSD CALL 1.19 2912                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |     -105000 | NC      | $-179.81      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FXO EURZAR CALL 20 111225                                                            | FXO EURZAR CALL 20 111225                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |       45000 | NC      | $645.10       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FXO EURZAR CALL 20 111225                                                            | FXO EURZAR CALL 20 111225                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |       45000 | NC      | $645.10       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FXO EURZAR CALL 20.5 1112                                                            | FXO EURZAR CALL 20.5 1112                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -67000 | NC      | $-366.12      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FXO EURZAR CALL 20.5 1112                                                            | FXO EURZAR CALL 20.5 1112                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |      -67000 | NC      | $-366.12      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FXO USDBRL CALL 5.6 29122                                                            | FXO USDBRL CALL 5.6 29122                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | US        |      -44000 | NC      | $-410.53      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FXO USDBRL PUT 5.38 29122                                                            | FXO USDBRL PUT 5.38 29122                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | US        |       44000 | NC      | $469.79       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FXO USDCNH PUT 6.85 16012                                                            | FXO USDCNH PUT 6.85 16012                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | US        |    -7614000 | NC      | $-3004.48     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FXO USDCNH PUT 7 160126                                                              | FXO USDCNH PUT 7 160126                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | US        |     7614000 | NC      | $15071.15     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FXO USDINR CALL 88.4 1512                                                            | FXO USDINR CALL 88.4 1512                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | US        |      -61000 | NC      | $-570.98      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FXO USDINR CALL 88.4 1512                                                            | FXO USDINR CALL 88.4 1512                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | US        |      -60000 | NC      | $-561.62      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FXO USDTRY CALL 45 211125                                                            | FXO USDTRY CALL 45 211125                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | US        |      -12000 | NC      | $-38.98       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FXO USDTRY PUT 43 211125                                                             | FXO USDTRY PUT 43 211125                                                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | US        |       24000 | NC      | $303.58       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FXOBAR USDJPY PUT 150 UI                                                             | FXOBAR USDJPY PUT 150 UI                                                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | US        |     3516000 | NC      | $1313.93      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FXODIG EURUSD CALL 1.215                                                             | FXODIG EURUSD CALL 1.215                                                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |        3000 | NC      | $61.31        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FXODIG EURUSD PUT 1.125                                                              | FXODIG EURUSD PUT 1.125                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |        5000 | NC      | $466.12       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FXODIG USDCAD PUT 1.36 1T                                                            | FXODIG USDCAD PUT 1.36 1T                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | US        |        4000 | NC      | $727.27       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV 3.55 PAY SOFR                                                            | SWO USD RCV 3.55 PAY SOFR                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |     2972000 | NC      | $34841.94     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV SOFR 1D PAY 3                                                            | SWO USD RCV SOFR 1D PAY 3                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -2972000 | NC      | $-13568.96    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV SOFR 1D PAY 3                                                            | SWO USD RCV SOFR 1D PAY 3                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -3940000 | NC      | $-5879.66     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV SOFR 1D PAY 3                                                            | SWO USD RCV SOFR 1D PAY 3                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -1980000 | NC      | $-2838.53     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV SOFR 1D PAY 3                                                            | SWO USD RCV SOFR 1D PAY 3                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -3911000 | NC      | $-5060.44     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OPT. 3 MON C 97.5 11/9/26                                                            | OPT. 3 MON C 97.5 11/9/26                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | US        |         218 | NC      | $51775.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| OPT. 3 MON C 97.5 12/3/27                                                            | OPT. 3 MON C 97.5 12/3/27                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | US        |         156 | NC      | $65325.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| OPT. 3 MONTH C 98 11/9/26                                                            | OPT. 3 MONTH C 98 11/9/26                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | US        |        -218 | NC      | $-24525.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| OPT. 3 MONTH C 98 12/3/27                                                            | OPT. 3 MONTH C 98 12/3/27                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | US        |        -156 | NC      | $-33150.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| SWO USD RCV 3.64 PAY SOFR                                                            | SWO USD RCV 3.64 PAY SOFR                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -2296875 | NC      | $-4849.16     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV 3.64 PAY SOFR                                                            | SWO USD RCV 3.64 PAY SOFR                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -2296875 | NC      | $-4849.16     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV 3.685 PAY SOF                                                            | SWO USD RCV 3.685 PAY SOF                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -2625000 | NC      | $-5011.91     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV 3.685 PAY SOF                                                            | SWO USD RCV 3.685 PAY SOF                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -2625000 | NC      | $-5011.91     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV 3.71 PAY SOFR                                                            | SWO USD RCV 3.71 PAY SOFR                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -1640625 | NC      | $-3022.85     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV 3.71 PAY SOFR                                                            | SWO USD RCV 3.71 PAY SOFR                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -1640625 | NC      | $-3022.85     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV 3.852 PAY SOF                                                            | SWO USD RCV 3.852 PAY SOF                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -1640625 | NC      | $-1897.71     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV 3.853 PAY SOF                                                            | SWO USD RCV 3.853 PAY SOF                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -1640625 | NC      | $-1889.34     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV 3.86 PAY SOFR                                                            | SWO USD RCV 3.86 PAY SOFR                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -1640625 | NC      | $-1830.61     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV 3.89 PAY SOFR                                                            | SWO USD RCV 3.89 PAY SOFR                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -1640625 | NC      | $-1813.71     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV 3.925 PAY SOF                                                            | SWO USD RCV 3.925 PAY SOF                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -1640625 | NC      | $-1532.18     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV 3.929 PAY SOF                                                            | SWO USD RCV 3.929 PAY SOF                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -1640625 | NC      | $-1505.44     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV 3.94 PAY SOFR                                                            | SWO USD RCV 3.94 PAY SOFR                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -1640625 | NC      | $-1406.34     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV 3.94 PAY SOFR                                                            | SWO USD RCV 3.94 PAY SOFR                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -1640625 | NC      | $-1406.34     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV SOFR 1D PAY 2                                                            | SWO USD RCV SOFR 1D PAY 2                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -1640625 | NC      | $-3022.03     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV 4 PAY SOFR 1D                                                            | SWO USD RCV 4 PAY SOFR 1D                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -2766000 | NC      | $-21555.71    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV 4 PAY SOFR 1D                                                            | SWO USD RCV 4 PAY SOFR 1D                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -1980000 | NC      | $-3129.19     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV 4.05 PAY SOFR                                                            | SWO USD RCV 4.05 PAY SOFR                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |   -21172000 | NC      | $-77426.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV 4.3 PAY SOFR                                                             | SWO USD RCV 4.3 PAY SOFR                                                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |   -15792000 | NC      | $-41596.13    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV SOFR 1D PAY 2                                                            | SWO USD RCV SOFR 1D PAY 2                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -1640625 | NC      | $-2724.75     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV SOFR 1D PAY 2                                                            | SWO USD RCV SOFR 1D PAY 2                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -1640625 | NC      | $-3668.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV SOFR 1D PAY 2                                                            | SWO USD RCV SOFR 1D PAY 2                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -1640625 | NC      | $-3062.55     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV SOFR 1D PAY 2                                                            | SWO USD RCV SOFR 1D PAY 2                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -1640625 | NC      | $-3668.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV SOFR 1D PAY 2                                                            | SWO USD RCV SOFR 1D PAY 2                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -1640625 | NC      | $-3138.02     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV SOFR 1D PAY 2                                                            | SWO USD RCV SOFR 1D PAY 2                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -2625000 | NC      | $-5510.66     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV SOFR 1D PAY 2                                                            | SWO USD RCV SOFR 1D PAY 2                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -2296875 | NC      | $-4419.65     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV SOFR 1D PAY 2                                                            | SWO USD RCV SOFR 1D PAY 2                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -2296875 | NC      | $-4419.65     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV SOFR 1D PAY 2                                                            | SWO USD RCV SOFR 1D PAY 2                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -2625000 | NC      | $-5510.66     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV SOFR 1D PAY 2                                                            | SWO USD RCV SOFR 1D PAY 2                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -1640625 | NC      | $-2236.17     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV SOFR 1D PAY 2                                                            | SWO USD RCV SOFR 1D PAY 2                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -1640625 | NC      | $-2182.85     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV SOFR 1D PAY 2                                                            | SWO USD RCV SOFR 1D PAY 2                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -1640625 | NC      | $-3138.02     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SWO USD RCV SOFR 1D PAY 2                                                            | SWO USD RCV SOFR 1D PAY 2                                                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    -1640625 | NC      | $-2175.30     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Northern Institutional Funds                                                         | Northern Institutional Funds LIQ ASET PORTF                                                  | CUSIP: 665279105<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |    17245752 | NS      | $17245752.00  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                                                         | Northern Institutional Funds LIQ ASET PORTF                                                  | CUSIP: 665279105<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |     5054214 | NS      | $5054214.40   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                                                         | Northern Institutional Funds LIQ ASET PORTF                                                  | CUSIP: 665279105<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |     4335905 | NS      | $4335905.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CDS_IX ITRAXX EUROPE CROSSOV 5% 20301220                                             | CDS_IX ITRAXX EUROPE CROSSOV 5% 20301220                                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | XX        |       53000 | OU      | $7785.11      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CDS_SN DOMINION ENERGY INC 4 1% 20291220                                             | CDS_SN DOMINION ENERGY INC 4 1% 20291220                                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | XX        |      346000 | OU      | $-9358.54     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CDS_IX_CCP ITRAXX EUROPE CROSSOV 5% 20301220                                         | CDS_IX_CCP ITRAXX EUROPE CROSSOV 5% 20301220                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | XX        |     1363000 | OU      | $163340.50    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CDS_IX_CCP CDX.NA.HY.44 5% 20300620                                                  | CDS_IX_CCP CDX.NA.HY.44 5% 20300620                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | XX        |     4338768 | OU      | $329896.92    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CDS_IX ITRAXX EUROPE CROSSOV 5% 20291220                                             | CDS_IX ITRAXX EUROPE CROSSOV 5% 20291220                                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | XX        |       51586 | OU      | $3504.23      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CDS_SN PACIFICORP 3.3% 03/15 0.130164% 20270929                                      | CDS_SN PACIFICORP 3.3% 03/15 0.130164% 20270929                                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | XX        |      142500 | OU      | $-348.11      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CDS_SN AMERICAN ELECTRIC POW 1% 20291220                                             | CDS_SN AMERICAN ELECTRIC POW 1% 20291220                                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | XX        |      703000 | OU      | $-20764.02    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CDS_SN AMERICAN EXPRESS CO 4 1% 20291220                                             | CDS_SN AMERICAN EXPRESS CO 4 1% 20291220                                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | XX        |      360000 | OU      | $-10741.14    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CDS_IX_CCP CDX.NA.IG.45 1% 20301220                                                  | CDS_IX_CCP CDX.NA.IG.45 1% 20301220                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | XX        |     7100000 | OU      | $-157509.95   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP GBP RCV 3.304% PAY RPI1D 15-JUL-2027                                         | RPI_CCP GBP RCV 3.304% PAY RPI1D 15-JUL-2027                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |      992664 | OU      | $1275.24      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP GBP RCV RPI1D PAY 3.422% 15-JUL-2029                                         | RPI_CCP GBP RCV RPI1D PAY 3.422% 15-JUL-2029                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |      992664 | OU      | $-4911.48     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP GBP RCV RPI1D PAY 3.404% 15-JUL-2030                                         | RPI_CCP GBP RCV RPI1D PAY 3.404% 15-JUL-2030                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |      432990 | OU      | $-4987.12     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP GBP RCV RPI1D PAY 3.4272% 15-JUL-2029                                        | RPI_CCP GBP RCV RPI1D PAY 3.4272% 15-JUL-2029                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |     1944518 | OU      | $-10137.31    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP GBP RCV 3.2409% PAY RPI1D 15-JUL-2035                                        | RPI_CCP GBP RCV 3.2409% PAY RPI1D 15-JUL-2035                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |      848179 | OU      | $15792.74     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP GBP RCV RPI1D PAY 3.4065% 15-JUL-2030                                        | RPI_CCP GBP RCV RPI1D PAY 3.4065% 15-JUL-2030                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |      848179 | OU      | $-9904.03     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP GBP RCV 3.3165% PAY RPI1D 15-JUL-2027                                        | RPI_CCP GBP RCV 3.3165% PAY RPI1D 15-JUL-2027                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |     1944518 | OU      | $3119.80      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP GBP RCV RPI1D PAY 3.4915% 15-JUL-2029                                        | RPI_CCP GBP RCV RPI1D PAY 3.4915% 15-JUL-2029                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |      953719 | OU      | $-8106.89     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP GBP RCV RPI1D PAY 3.457% 15-JUL-2030                                         | RPI_CCP GBP RCV RPI1D PAY 3.457% 15-JUL-2030                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |      416002 | OU      | $-6194.77     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP GBP RCV 3.20285% PAY RPI1D 15-AUG-2035                                       | RPI_CCP GBP RCV 3.20285% PAY RPI1D 15-AUG-2035                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |      708329 | OU      | $11363.64     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP GBP RCV 3.2553% PAY RPI1D 15-AUG-2027                                        | RPI_CCP GBP RCV 3.2553% PAY RPI1D 15-AUG-2027                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |     1623899 | OU      | $3637.70      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OIS_CCP JPY RCV 2.03625% PAY TONAR1D 12-AUG-2045                                     | OIS_CCP JPY RCV 2.03625% PAY TONAR1D 12-AUG-2045                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    30210000 | OU      | $-3277.52     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OIS_CCP JPY RCV TONAR1D PAY 1.29875% 13-AUG-2035                                     | OIS_CCP JPY RCV TONAR1D PAY 1.29875% 13-AUG-2035                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    53926080 | OU      | $5094.85      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OIS_CCP JPY RCV 2.036% PAY TONAR1D 12-AUG-2045                                       | OIS_CCP JPY RCV 2.036% PAY TONAR1D 12-AUG-2045                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    30382356 | OU      | $-3304.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OIS_CCP JPY RCV TONAR1D PAY 1.292% 13-AUG-2035                                       | OIS_CCP JPY RCV TONAR1D PAY 1.292% 13-AUG-2035                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    30094624 | OU      | $2966.68      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OIS_CCP JPY RCV 2.03% PAY TONAR1D 12-AUG-2045                                        | OIS_CCP JPY RCV 2.03% PAY TONAR1D 12-AUG-2045                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    18907644 | OU      | $-2180.27     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OIS_CCP JPY RCV TONAR1D PAY 1.298% 13-AUG-2035                                       | OIS_CCP JPY RCV TONAR1D PAY 1.298% 13-AUG-2035                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    54251296 | OU      | $5150.29      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP USD RCV CPI1D PAY 2.7505% 15-APR-2029                                        | RPI_CCP USD RCV CPI1D PAY 2.7505% 15-APR-2029                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |      488000 | OU      | $-3158.14     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP USD RCV CPI1D PAY 2.6315% 09-SEP-2030                                        | RPI_CCP USD RCV CPI1D PAY 2.6315% 09-SEP-2030                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |     2056000 | OU      | $-7263.42     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OIS_CCP JPY RCV 1.007% PAY TONAR1D 11-SEP-2027                                       | OIS_CCP JPY RCV 1.007% PAY TONAR1D 11-SEP-2027                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |   256845000 | OU      | $-889.46      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EQIX RCV SOFR 1D PAY IBOXX USD 22-12-25                                              | EQIX RCV SOFR 1D PAY IBOXX USD 22-12-25                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      915000 | OU      | $1831.73      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EQIX RCV SOFR 1D PAY IBOXX USD 22-12-25                                              | EQIX RCV SOFR 1D PAY IBOXX USD 22-12-25                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     3490000 | OU      | $12174.14     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EQIX RCV SOFR 1D PAY IBOXX USD 22-12-25                                              | EQIX RCV SOFR 1D PAY IBOXX USD 22-12-25                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     3510000 | OU      | $26006.25     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| IRS_CCP KRW RCV 2.69% PAY KWCDC3M 17-DEC-2028                                        | IRS_CCP KRW RCV 2.69% PAY KWCDC3M 17-DEC-2028                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |   462672526 | OU      | $117.78       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP GBP RCV RPI1D PAY 3.3479% 15-AUG-2030                                        | RPI_CCP GBP RCV RPI1D PAY 3.3479% 15-AUG-2030                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |      708329 | OU      | $-7524.09     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP USD RCV CPI1D PAY 2.53625% 15-APR-2029                                       | RPI_CCP USD RCV CPI1D PAY 2.53625% 15-APR-2029                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |      365500 | OU      | $1505.82      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP USD RCV CPI1D PAY 2.53125% 15-APR-2029                                       | RPI_CCP USD RCV CPI1D PAY 2.53125% 15-APR-2029                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |      131500 | OU      | $574.14       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OIS_CCP USD RCV SOFR1D PAY 3.7937% 16-MAY-2026                                       | OIS_CCP USD RCV SOFR1D PAY 3.7937% 16-MAY-2026                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |     7578000 | OU      | $22220.13     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OIS_CCP USD RCV 3.8% PAY SOFR1D 16-MAY-2026                                          | OIS_CCP USD RCV 3.8% PAY SOFR1D 16-MAY-2026                                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |     7578000 | OU      | $-21744.23    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OIS_CCP JPY RCV TONAR1D PAY 0.9975% 12-MAR-2027                                      | OIS_CCP JPY RCV TONAR1D PAY 0.9975% 12-MAR-2027                                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |   538261739 | OU      | $-3409.90     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OIS_CCP JPY RCV TONAR1D PAY 1.0265% 12-MAR-2027                                      | OIS_CCP JPY RCV TONAR1D PAY 1.0265% 12-MAR-2027                                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |  1317226437 | OU      | $-10796.03    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OIS_CCP JPY RCV TONAR1D PAY 1.01846% 12-MAR-2027                                     | OIS_CCP JPY RCV TONAR1D PAY 1.01846% 12-MAR-2027                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |   570293188 | OU      | $-4379.94     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OIS_CCP USD RCV 3.3855% PAY SOFR1D 07-AUG-2028                                       | OIS_CCP USD RCV 3.3855% PAY SOFR1D 07-AUG-2028                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |     5000000 | OU      | $-7676.45     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OIS_CCP USD RCV 3.4885% PAY SOFR1D 27-JUN-2028                                       | OIS_CCP USD RCV 3.4885% PAY SOFR1D 27-JUN-2028                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |    24750000 | OU      | $3694.93      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP GBP RCV 3.2729% PAY RPI1D 15-JUL-2035                                        | RPI_CCP GBP RCV 3.2729% PAY RPI1D 15-JUL-2035                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |      416002 | OU      | $9348.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP GBP RCV 3.4289% PAY RPI1D 15-JUL-2027                                        | RPI_CCP GBP RCV 3.4289% PAY RPI1D 15-JUL-2027                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |      953719 | OU      | $4273.76      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP GBP RCV RPI1D PAY 3.3687% 15-AUG-2029                                        | RPI_CCP GBP RCV RPI1D PAY 3.3687% 15-AUG-2029                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |     1623899 | OU      | $-6737.83     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP GBP RCV RPI1D PAY 3.409% 15-JUL-2029                                         | RPI_CCP GBP RCV RPI1D PAY 3.409% 15-JUL-2029                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |      973200 | OU      | $-4169.28     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP GBP RCV RPI1D PAY 3.394% 15-JUL-2030                                         | RPI_CCP GBP RCV RPI1D PAY 3.394% 15-JUL-2030                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |      424500 | OU      | $-4619.48     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP GBP RCV 3.243967% PAY RPI1D 15-JUL-2035                                      | RPI_CCP GBP RCV 3.243967% PAY RPI1D 15-JUL-2035                                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |      424500 | OU      | $8060.61      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OIS_CCP USD RCV SOFR1D PAY 3.814% 16-MAY-2026                                        | OIS_CCP USD RCV SOFR1D PAY 3.814% 16-MAY-2026                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |     5815000 | OU      | $15872.56     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OIS_CCP USD RCV 3.9% PAY SOFR1D 16-MAY-2026                                          | OIS_CCP USD RCV 3.9% PAY SOFR1D 16-MAY-2026                                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |     5815000 | OU      | $-10880.39    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP USD RCV CPI1D PAY 2.6875% 15-APR-2029                                        | RPI_CCP USD RCV CPI1D PAY 2.6875% 15-APR-2029                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |      736000 | OU      | $-2464.04     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP USD RCV CPI1D PAY 2.685% 15-APR-2029                                         | RPI_CCP USD RCV CPI1D PAY 2.685% 15-APR-2029                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |      718000 | OU      | $-2314.89     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP USD RCV CPI1D PAY 2.684% 15-APR-2029                                         | RPI_CCP USD RCV CPI1D PAY 2.684% 15-APR-2029                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |      368000 | OU      | $-1168.25     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OIS_CCP USD RCV 3.193% PAY SOFR1D 09-SEP-2030                                        | OIS_CCP USD RCV 3.193% PAY SOFR1D 09-SEP-2030                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |     2750000 | OU      | $-29978.82    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OIS_CCP USD RCV 3.407% PAY SOFR1D 14-AUG-2028                                        | OIS_CCP USD RCV 3.407% PAY SOFR1D 14-AUG-2028                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |     4250000 | OU      | $-2988.56     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OIS_CCP USD RCV 3.6675% PAY SOFR1D 21-JUL-2027                                       | OIS_CCP USD RCV 3.6675% PAY SOFR1D 21-JUL-2027                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |     7500000 | OU      | $14112.67     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP USD RCV CPI1D PAY 2.7235% 15-APR-2029                                        | RPI_CCP USD RCV CPI1D PAY 2.7235% 15-APR-2029                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |      736000 | OU      | $-3777.07     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP USD RCV CPI1D PAY 2.6695% 15-APR-2029                                        | RPI_CCP USD RCV CPI1D PAY 2.6695% 15-APR-2029                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |      481000 | OU      | $-1181.77     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OIS_CCP JPY RCV TONAR1D PAY 0.685% 21-APR-2027                                       | OIS_CCP JPY RCV TONAR1D PAY 0.685% 21-APR-2027                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |   488377358 | OU      | $7934.24      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OIS_CCP JPY RCV TONAR1D PAY 0.683% 21-APR-2027                                       | OIS_CCP JPY RCV TONAR1D PAY 0.683% 21-APR-2027                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |   482733887 | OU      | $7904.27      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OIS_CCP JPY RCV TONAR1D PAY 0.698% 11-MAY-2027                                       | OIS_CCP JPY RCV TONAR1D PAY 0.698% 11-MAY-2027                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |   385492528 | OU      | $6411.59      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP USD RCV CPI1D PAY 2.641% 15-APR-2029                                         | RPI_CCP USD RCV CPI1D PAY 2.641% 15-APR-2029                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |      526000 | OU      | $-550.87      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP USD RCV CPI1D PAY 2.5615% 15-APR-2029                                        | RPI_CCP USD RCV CPI1D PAY 2.5615% 15-APR-2029                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |      602000 | OU      | $1731.52      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP USD RCV CPI1D PAY 2.429% 15-APR-2030                                         | RPI_CCP USD RCV CPI1D PAY 2.429% 15-APR-2030                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |      500125 | OU      | $2242.40      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP USD RCV CPI1D PAY 2.428% 15-APR-2030                                         | RPI_CCP USD RCV CPI1D PAY 2.428% 15-APR-2030                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |     1015254 | OU      | $4600.21      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OIS_CCP JPY RCV TONAR1D PAY 0.8585% 21-APR-2027                                      | OIS_CCP JPY RCV TONAR1D PAY 0.8585% 21-APR-2027                                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |   200000000 | OU      | $1025.10      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP GBP RCV 3.24194% PAY RPI1D 15-JUL-2035                                       | RPI_CCP GBP RCV 3.24194% PAY RPI1D 15-JUL-2035                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |      432990 | OU      | $8116.30      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RPI_CCP GBP RCV 3.284% PAY RPI1D 15-JUL-2027                                         | RPI_CCP GBP RCV 3.284% PAY RPI1D 15-JUL-2027                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | XX        |      973200 | OU      | $752.39       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

**Name of Applicant:** Morningstar Funds Trust

**Signature:** D. Scott Schilling

**Name of Signer:** D. Scott Schilling

**Title:** Chief Compliance Officer