# EDGAR Filing Document

**Accession Number:** 0001593547
**File Stem:** 0002048251-26-005295
**Filing Date:** 2026-6
**Character Count:** 162303
**Document Hash:** 1c72c146adc9f991571657f22b1b1d22
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-26-005295.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0002048251-26-005295

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260625

**DATE AS OF CHANGE**: 20260625

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Advisors' Inner Circle Fund III
- **CENTRAL INDEX KEY:** 0001593547

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22920
- **FILM NUMBER:** 261121011

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456
- **BUSINESS PHONE:** (800) 342-5734

**MAIL ADDRESS:**
- **STREET 1:** ONE FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456

## Series and Classes Contracts Data

### MetLife Core Plus Fund (Series ID: S000047684)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000149725 | I Class Shares | LPCIX           |
| C000149726 | R Class Shares | LPCYX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ADVISORS' INNER CIRCLE III

- **b. Investment Company Act file number:** 811-22920

- **c. CIK number of Registrant:** 0001593547

- **d. LEI of Registrant:** 549300TG800HOPJVWT31

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

  - **Street Address 1:** ONE FREEDOM VALLEY DRIVE

  - **City:** OAKS

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19456

  - **Telephone number:** 8774463863

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

- **a. Name of Series:** MetLife Core Plus Bond Fund

- **b. EDGAR series identifier (if any):** S000047684

- **c. LEI of Series:** 549300C0FWBNF7X76S97

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

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

- **b. Date as of which information is reported:** 2026-04-30

**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:** $115762832.04

**Total Liabilities:** $3810249.94

**Net Assets:** $111952582.10

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -199.82639308 | **1-Year:** -3564.24681010 | **5-Year:** -12230.70231174 | **10-Year:** -19696.20032409 | **30-Year:** -6170.74270692

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

- **3-Month:** -45.16257981 | **1-Year:** -692.00644514 | **5-Year:** -1829.99621953 | **10-Year:** -1805.91894569 | **30-Year:** -318.88833089

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000149726 | -0.29%               | -2.89%               | 1.11%                |
| Class ID C000149725 | 0.35%                | -1.92%               | 1.37%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-10414.23               | $-12821.28                                 |
| Month 2  | $-101617.03              | $-2459114.07                               |
| Month 3  | $85404.80                | $1091376.22                                |

**Designated Index Information**

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

- **Index Identifier:** LEH_AGG

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BANK OF AMERICA CORPORATION                               | BANK OF AMERICA CORP 4.571000% 04/27/2033                                       | CUSIP: 06051GKQ1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    205000 | PA      | $201738.26    | 0.18%             | 2033-04-27      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| ARI FLEET LEASE TRUST                                     | ARI FLEET LEASE TRUST 2023-A ARIFL 2023-A A3                                    | CUSIP: 00218GAC6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     75661 | PA      | $75881.30     | 0.07%             | 2032-02-17      | Fixed         | 5.33%                 | Yes           |                  2 | On Loan: No      |
| AVOLON HOLDINGS FUNDING LIMITED                           | AVOLON HOLDINGS FUNDING LTD 144A 5.750000% 11/15/2029                           | CUSIP: 05401AAV3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | NUSS              | IE        |    295000 | PA      | $302233.07    | 0.27%             | 2029-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AT&T INC.                                                 | AT&T INC 5.700000% 11/01/2054                                                   | CUSIP: 00206RNE8<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    215000 | PA      | $199438.82    | 0.18%             | 2054-11-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| HF SINCLAIR CORPORATION                                   | HF SINCLAIR CORP 5.000000% 02/01/2028                                           | CUSIP: 403949AQ3<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99773.05     | 0.09%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VACATIONS TRUST                              | HILTON GRAND VACATIONS TRUST 2020-A HGVT 2020-AA A                              | CUSIP: 43285HAA6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     20397 | PA      | $20134.29     | 0.02%             | 2039-02-25      | Fixed         | 2.74%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC POOL FR SD1381                                                      | CUSIP: 3132DNRA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    507715 | PA      | $495499.34    | 0.44%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| QTS FAYETTEVILLE I DC1-2, LLC                             | QTS FAYETTEVILLE I DC1-2 LLC / QTS TRS FAYETTEVILL 5.700000% 04/15/2036         | CUSIP: 74751AAA1<br>LEI: 2549006U199OTLBS8M46 | Long             | DBT              | CORP              | US        |    170000 | PA      | $165341.81    | 0.15%             | 2036-04-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| VIRGINIA POWER FUEL SECURITIZATION, LLC                   | VIRGINIA POWER FUEL SECURITIZATION LLC 5.088000% 05/01/2027                     | CUSIP: 92808VAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     98601 | PA      | $99305.73     | 0.09%             | 2027-05-01      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| COLLEGE AVE STUDENT LOANS LLC                             | COLLEGE AVE STUDENT LOANS 2019-A LLC CASL 2019-A A2                             | CUSIP: 19421UAB0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    127611 | PA      | $122666.03    | 0.11%             | 2048-12-28      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                             | VISTRA OPERATIONS CO LLC 144A 4.700000% 01/31/2031                              | CUSIP: 92840VAY8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    235000 | PA      | $231358.02    | 0.21%             | 2031-01-31      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN CB0983                                                       | CUSIP: 3140QLCV6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    690580 | PA      | $595979.55    | 0.53%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN FM2847                                                       | CUSIP: 3140X6EV9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    700192 | PA      | $639267.24    | 0.57%             | 2048-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                            | MORGAN STANLEY MTN 5.831000% 04/19/2035                                         | CUSIP: 61747YFR1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    185000 | PA      | $192482.66    | 0.17%             | 2035-04-19      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC STRIPS FHS 356 300                                                  | CUSIP: 3132J0NU7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    104664 | PA      | $93704.99     | 0.08%             | 2047-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORPORATION                                        | ORACLE CORP 4.375000% 05/15/2055                                                | CUSIP: 68389XBG9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    110000 | PA      | $72472.43     | 0.06%             | 2055-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN CB1805                                                       | CUSIP: 3140QMAF1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    497694 | PA      | $427156.13    | 0.38%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                  | US TREASURY N/B 3.875000% 03/31/2031                                            | CUSIP: 91282CQG9<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |   2010000 | PA      | $1996652.35   | 1.78%             | 2031-03-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HUT 8 DC LLC                                              | HUT 8 DC LLC 144A 6.192000% 11/15/2042                                          | CUSIP: 44813DAA4<br>LEI: 2549001DBTVKADI7M690 | Long             | DBT              | CORP              | US        |    115000 | PA      | $115951.80    | 0.10%             | 2042-11-15      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORPORATION                          | OCCIDENTAL PETROLEUM CORP 6.450000% 09/15/2036                                  | CUSIP: 674599DF9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    215000 | PA      | $231047.70    | 0.21%             | 2036-09-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| COLLEGE AVE STUDENT LOANS LLC                             | COLLEGE AVE STUDENT LOANS 2021-B LLC CASL 2021-B B                              | CUSIP: 19425AAC8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    144379 | PA      | $131579.24    | 0.12%             | 2052-06-25      | Fixed         | 2.42%                 | Yes           |                  2 | On Loan: No      |
| LOUISVILLE GAS AND ELECTRIC COMPANY                       | LOUISVILLE GAS AND ELECTRIC CO 5.450000% 04/15/2033                             | CUSIP: 546676AZ0<br>LEI: KO3GRIB3RPH1XDX50U72 | Long             | DBT              | CORP              | US        |    130000 | PA      | $133971.76    | 0.12%             | 2033-04-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN BS2757                                                       | CUSIP: 3140LDB32<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    164738 | PA      | $144439.05    | 0.13%             | 2031-08-01      | Fixed         | 1.79%                 | No            |                  2 | On Loan: No      |
| AT&T INC.                                                 | AT&T INC 3.550000% 09/15/2055                                                   | CUSIP: 00206RLJ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    195000 | PA      | $125564.06    | 0.11%             | 2055-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK OF COMMERCE                        | CANADIAN IMPERIAL BANK OF COMMERCE 4.283000% 01/29/2030                         | CUSIP: 13607QWB4<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | NUSS              | CA        |    255000 | PA      | $253136.65    | 0.23%             | 2030-01-29      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN FS1543                                                       | CUSIP: 3140XGWD7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    448419 | PA      | $388518.39    | 0.35%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST                          | SMB PRIVATE EDUCATION LOAN TRUST 2021-B SMB 2021-B A                            | CUSIP: 78449YAA8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    192073 | PA      | $181565.96    | 0.16%             | 2051-07-17      | Fixed         | 1.31%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC POOL FR RJ4778                                                      | CUSIP: 3142GVJY8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    593423 | PA      | $601555.43    | 0.54%             | 2055-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC POOL FR SD4301                                                      | CUSIP: 3132E0X64<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    382216 | PA      | $398740.96    | 0.36%             | 2053-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN FS1442                                                       | CUSIP: 3140XGS83<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   1070151 | PA      | $961317.81    | 0.86%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC.                                             | BROADCOM INC 144A 4.926000% 05/15/2037                                          | CUSIP: 11135FBV2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    277000 | PA      | $269871.22    | 0.24%             | 2037-05-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Estados Unidos Mexicanos                                  | UNITED MEXICAN STATES 7.375000% 05/13/2055                                      | CUSIP: 91087BBD1<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    275000 | PA      | $291912.50    | 0.26%             | 2055-05-13      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PEACEHEALTH                                               | PEACEHEALTH OBLIGATED GROUP 4.855000% 11/15/2032                                | CUSIP: 70462GAF5<br>LEI: PLDU35L52IYZUL5SMS69 | Long             | DBT              | CORP              | US        |    230000 | PA      | $230423.03    | 0.21%             | 2032-11-15      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN FS8749                                                       | CUSIP: 3140XQWK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    344523 | PA      | $349791.26    | 0.31%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE COMPANY OF OKLAHOMA                        | PUBLIC SERVICE CO OF OKLAHOMA 5.200000% 01/15/2035                              | CUSIP: 744533BR0<br>LEI: F3TJNSIZRGXRH8GEIK79 | Long             | DBT              | CORP              | US        |    122000 | PA      | $121157.57    | 0.11%             | 2035-01-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BBCMS TRUST                                               | BBCMS MORTGAGE TRUST 2020-C6 BBCMS 2020-C6 AS                                   | CUSIP: 05492TAG5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     75000 | PA      | $68383.37     | 0.06%             | 2053-02-15      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | RD MICHIGAN PROPERTY OWNER I LLC 144A 7.500000% 03/30/2045                      | CUSIP: 74941YAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $144970.86    | 0.13%             | 2045-03-30      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN BS2363                                                       | CUSIP: 3140LCTV3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    221540 | PA      | $196128.09    | 0.18%             | 2035-09-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FUNDING LIMITED                           | AVOLON HOLDINGS FUNDING LTD 144A 5.750000% 03/01/2029                           | CUSIP: 05401AAU5<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | NUSS              | IE        |    160000 | PA      | $163662.90    | 0.15%             | 2029-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA, INC.                                        | T-MOBILE USA INC 5.700000% 01/15/2056                                           | CUSIP: 87264ADY8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    280000 | PA      | $264284.85    | 0.24%             | 2056-01-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE REMICS FNR 2022-61 F                                                 | CUSIP: 3136BNX27<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    540386 | PA      | $534075.39    | 0.48%             | 2052-09-25      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                             | VISTRA OPERATIONS CO LLC 144A 5.700000% 12/30/2034                              | CUSIP: 92840VAU6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    290000 | PA      | $292792.41    | 0.26%             | 2034-12-30      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ORACLE CORPORATION                                        | ORACLE CORP 5.950000% 09/26/2055                                                | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     85000 | PA      | $71198.43     | 0.06%             | 2055-09-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Group AG                                    | CREDIT SUISSE GROUP AG 144A 7.500000% MATURITY: PERPETUAL                       | CUSIP: 22546DAB2<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | NUSS              | CH        |    725000 | PA      | $174000.00    | 0.16%             | 2174-06-11      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                              | BX COMMERCIAL MORTGAGE TRUST 2026-VLT9 BX 2026-VLT9 A                           | CUSIP: 05618UAA4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    340000 | PA      | $339362.50    | 0.30%             | 2045-03-15      | Floating      | 5.35%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN MA4326                                                       | CUSIP: 31418DYY2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    393455 | PA      | $332583.43    | 0.30%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Sompo Holdings, Inc.                                      | SOMPO HOLDINGS INC 144A 5.411000% 04/22/2037                                    | CUSIP: 83540JAA9<br>LEI: 353800CWW4SRGEYEB512 | Long             | DBT              | NUSS              | JP        |    200000 | PA      | $196789.97    | 0.18%             | 2037-04-22      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM, INC.                                          | AMAZON.COM INC 4.875000% 03/13/2036                                             | CUSIP: 023135DF0<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    340000 | PA      | $335012.95    | 0.30%             | 2036-03-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| United States of America                                  | US TREASURY N/B 3.750000% 04/30/2028                                            | CUSIP: 91282CQL8<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |    840000 | PA      | $837834.38    | 0.75%             | 2028-04-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SMALL BUSINESS INVESTMENT COMPANIES                       | SBA SMALL BUSINESS INVESTMENT COS SBIC 2018-10B 1                               | CUSIP: 831641FL4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     14866 | PA      | $14677.66     | 0.01%             | 2028-09-10      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| PROLOGIS TARGETED U.S. LOGISTICS FUND, L.P.               | PROLOGIS TARGETED US LOGISTICS FUND LP 144A 4.625000% 03/15/2033                | CUSIP: 74350LAF1<br>LEI: 5493004DTBWUQ9F2VJ87 | Long             | DBT              | CORP              | US        |    255000 | PA      | $247927.05    | 0.22%             | 2033-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG NEW YORK BRANCH                          | DEUTSCHE BANK AG/NEW YORK NY 4.999000% 09/11/2030                               | CUSIP: 251526CX5<br>LEI: N/A                  | Long             | DBT              | NUSS              | DE        |    140000 | PA      | $140617.00    | 0.13%             | 2030-09-11      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Estados Unidos Mexicanos                                  | UNITED MEXICAN STATES 5.375000% 03/22/2033                                      | CUSIP: 91087BBK5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    215000 | PA      | $210818.25    | 0.19%             | 2033-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN MA4599                                                       | CUSIP: 31418EDD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |         0 | PA      | $0.01         | 0.00%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                  | US TREASURY N/B 3.125000% 05/15/2048                                            | CUSIP: 912810SC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2755000 | PA      | $2050753.13   | 1.83%             | 2048-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| SMALL BUSINESS INVESTMENT COMPANIES                       | SBA SMALL BUSINESS INVESTMENT COS SBIC 2025-10A 1                               | CUSIP: 831641FZ3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    148324 | PA      | $149562.68    | 0.13%             | 2035-03-10      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN FS0896                                                       | CUSIP: 3140XF7J4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    321578 | PA      | $284588.20    | 0.25%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BBCMS TRUST                                               | BBCMS MORTGAGE TRUST 2025-C32 BBCMS 2025-C32 A5                                 | CUSIP: 07337AAD8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    195000 | PA      | $204845.20    | 0.18%             | 2062-02-15      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| RATE MORTGAGE TRUST                                       | RATE MORTGAGE TRUST 2024-J4 RATE 2024-J4 A4                                     | CUSIP: 75408TAD8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    137955 | PA      | $138457.21    | 0.12%             | 2054-12-25      | Floating      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN FS1831                                                       | CUSIP: 3140XHA98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |     93691 | PA      | $89004.32     | 0.08%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHI COMMERCIAL MORTGAGE TRUST                             | CHI COMMERCIAL MORTGAGE TRUST 2025-110W CHI 2025-110W A                         | CUSIP: 12577HAA8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    110000 | PA      | $109387.27    | 0.10%             | 2040-12-13      | Floating      | 5.10%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC POOL FR SL2058                                                      | CUSIP: 31427PJC9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    107754 | PA      | $109549.27    | 0.10%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ATLAS WAREHOUSE LENDING COMPANY, L.P.                     | ATLAS WAREHOUSE LENDING CO LP 144A 5.250000% 01/15/2033                         | CUSIP: 049463AH5<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |    255000 | PA      | $249369.35    | 0.22%             | 2033-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FINANCIAL GROUP INC.                            | JEFFERIES FINANCIAL GROUP INC 5.125000% 04/28/2031                              | CUSIP: 47233WMK2<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    145000 | PA      | $142986.72    | 0.13%             | 2031-04-28      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CI FINANCIAL CORP.                                        | CI FINANCIAL CORP 3.200000% 12/17/2030                                          | CUSIP: 125491AN0<br>LEI: 549300M9W7JJQSVCEM78 | Long             | DBT              | NUSS              | CA        |    675000 | PA      | $604900.39    | 0.54%             | 2030-12-17      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| HCA INC.                                                  | HCA INC 3.500000% 09/01/2030                                                    | CUSIP: 404119CA5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    185000 | PA      | $175900.10    | 0.16%             | 2030-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN MA4653                                                       | CUSIP: 31418EE30<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    456439 | PA      | $400498.91    | 0.36%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CSMC TRUST                                                | CSMC 2014-USA OA LLC CSMC 2014-USA A2                                           | CUSIP: 12649AAC3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    125000 | PA      | $116388.38    | 0.10%             | 2037-09-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| B.A.T CAPITAL CORPORATION                                 | BAT CAPITAL CORP 4.390000% 08/15/2037                                           | CUSIP: 05526DBD6<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | GB        |    315000 | PA      | $286851.49    | 0.26%             | 2037-08-15      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                            | MORGAN STANLEY 1.593000% 05/04/2027                                             | CUSIP: 61772BAB9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    265000 | PA      | $264935.58    | 0.24%             | 2027-05-04      | Fixed         | 1.59%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE GRANTOR TRUST 2001-T4 FNGT 2001-T4 A1                                | CUSIP: 31359SR69<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |       955 | PA      | $970.53       | 0.00%             | 2041-07-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| DRAWBRIDGE SPECIAL OPPORTUNITIES FUND LP                  | DRAWBRIDGE SPECIAL OPPORTUNITIES FUND LP / DRAWBRI 5.950000% 09/17/2030         | CUSIP: 26150TAF6<br>LEI: OTW7FAILU3FWEXAKRN53 | Long             | DBT              | CORP              | US        |    315000 | PA      | $298456.31    | 0.27%             | 2030-09-17      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                             | VISTRA OPERATIONS CO LLC 144A 5.250000% 10/15/2035                              | CUSIP: 92840VAW2<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    235000 | PA      | $228012.70    | 0.20%             | 2035-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE OR FREDDIE MAC 30YR TBA (MAY)                                        | CUSIP: 01F020653<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    710000 | PA      | $567924.40    | 0.51%             | 2056-05-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC COMPANY                          | PACIFIC GAS AND ELECTRIC CO 2.100000% 08/01/2027                                | CUSIP: 694308JF5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    265000 | PA      | $257288.55    | 0.23%             | 2027-08-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                     | WELLS FARGO & CO 4.182000% 01/23/2030                                           | CUSIP: 95000U4D2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    235000 | PA      | $232921.35    | 0.21%             | 2030-01-23      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| HYUNDAI AUTO LEASE SECURITIZATION TRUST                   | HYUNDAI AUTO LEASE SECURITIZATION TRUST 2025-A HALST 2025-A A3                  | CUSIP: 44935WAD9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    250000 | PA      | $251304.23    | 0.22%             | 2028-01-18      | Fixed         | 4.83%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                  | US TREASURY N/B 3.750000% 02/28/2033                                            | CUSIP: 91282CQC8<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |   1279000 | PA      | $1245226.41   | 1.11%             | 2033-02-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| HSBC                                                      | US 10YR ULTRA FUT JUN26 FINANCIAL COMMODITY FUTURE.                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -68 | NC      | $-7674437.50  | -6.86%            |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                                  | US TREASURY N/B 2.000000% 08/15/2051                                            | CUSIP: 912810SZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1525000 | PA      | $857276.37    | 0.77%             | 2051-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                          | PARAMOUNT GLOBAL 6.250000% 02/28/2057                                           | CUSIP: 92553PBC5<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    225000 | PA      | $160745.04    | 0.14%             | 2057-02-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BFLD TRUST                                                | BFLD COMMERCIAL MORTGAGE TRUST 2025-660F BFLD 2025-660F C                       | CUSIP: 05556QAE9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    125000 | PA      | $125078.13    | 0.11%             | 2042-11-15      | Floating      | 5.80%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                  | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2017-H16 PT                        | CUSIP: 38375UF62<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |        37 | PA      | $36.38        | 0.00%             | 2066-05-20      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                | GINNIE MAE II POOL G2 AY2220                                                    | CUSIP: 36196RPD4<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |     28316 | PA      | $28180.81     | 0.03%             | 2067-01-20      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| RESORTS WORLD LAS VEGAS LLC                               | RESORTS WORLD LAS VEGAS LLC / RWLV CAPITAL INC 144 4.625000% 04/06/2031         | CUSIP: 76120HAC1<br>LEI: 254900LHVH9D3APT8R82 | Long             | DBT              | CORP              | US        |    270000 | PA      | $228428.96    | 0.20%             | 2031-04-06      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AEP TEXAS INC.                                            | AEP TEXAS INC 5.850000% 10/15/2055                                              | CUSIP: 00108WAU4<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |    125000 | PA      | $120183.96    | 0.11%             | 2055-10-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                         | HSBC HOLDINGS PLC 4.398000% 03/10/2030                                          | CUSIP: 404280FK0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | NUSS              | GB        |    200000 | PA      | $198594.63    | 0.18%             | 2030-03-10      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| BAKER HUGHES HOLDINGS LLC                                 | BAKER HUGHES HOLDINGS LLC / BAKER HUGHES CO-OBLIGO 5.850000% 06/15/2056         | CUSIP: 05724BAQ2<br>LEI: 549300XU3XH6F05YEQ93 | Long             | DBT              | CORP              | US        |    115000 | PA      | $113513.06    | 0.10%             | 2056-06-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| FARMERS EXCHANGE CAPITAL III                              | FARMERS EXCHANGE CAPITAL III 144A 5.454000% 10/15/2054                          | CUSIP: 30958QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    405000 | PA      | $366964.75    | 0.33%             | 2054-10-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS, LLC                     | FRONTIER COMMUNICATIONS HOLDINGS LLC 144A 6.750000% 05/01/2029                  | CUSIP: 35906ABG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    106000 | PA      | $106000.00    | 0.09%             | 2029-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| COLLEGE AVE STUDENT LOANS LLC                             | COLLEGE AVE STUDENT LOANS 2021-B LLC CASL 2021-B A2                             | CUSIP: 19425AAB0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     73806 | PA      | $66551.26     | 0.06%             | 2052-06-25      | Fixed         | 1.76%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                  | US TREASURY N/B 3.375000% 02/29/2028                                            | CUSIP: 91282CQB0<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |   2535000 | PA      | $2512818.75   | 2.24%             | 2028-02-29      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| DELL EQUIPMENT FINANCE TRUST                              | DELL EQUIPMENT FINANCE TRUST 2026-1 DEFT 2026-1A C                              | CUSIP: 246921AJ9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    200000 | PA      | $199638.36    | 0.18%             | 2031-12-22      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| CONSTELLATION INSURANCE, INC.                             | CONSTELLATION INSURANCE INC 144A 6.800000% 01/24/2030                           | CUSIP: 67740QAH9<br>LEI: 549300K609B872PZT291 | Long             | DBT              | CORP              | US        |    380000 | PA      | $379621.13    | 0.34%             | 2030-01-24      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN MA4520                                                       | CUSIP: 31418EAW0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    265405 | PA      | $229852.55    | 0.21%             | 2042-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC POOL FR RA8418                                                      | CUSIP: 3133KQK70<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    314880 | PA      | $327005.36    | 0.29%             | 2053-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OCEANVIEW MORTGAGE TRUST                                  | OCEANVIEW MORTGAGE TRUST 2026-INV1 BVINV 2026-1 AF1                             | CUSIP: 67647HAU4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    311855 | PA      | $311917.03    | 0.28%             | 2056-02-25      | Floating      | 4.55%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                  | US TREASURY N/B 3.500000% 02/15/2029                                            | CUSIP: 91282CQA2<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |    686000 | PA      | $678604.06    | 0.61%             | 2029-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SALESFORCE, INC.                                          | SALESFORCE INC 5.200000% 03/15/2033                                             | CUSIP: 79466LAT1<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    315000 | PA      | $314436.78    | 0.28%             | 2033-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST                                       | RCKT MORTGAGE TRUST 2025-CES10 RCKT 2025-CES10 A1A                              | CUSIP: 74939LAA2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    288397 | PA      | $286877.86    | 0.26%             | 2055-11-25      | Fixed         | 4.89%                 | Yes           |                  2 | On Loan: No      |
| DLLAA LLC                                                 | DLLAA 2025-1 LLC DLLAA 2025-1A A3                                               | CUSIP: 233249AC5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    145000 | PA      | $146390.91    | 0.13%             | 2029-09-20      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| AVOLON HOLDINGS FUNDING LIMITED                           | AVOLON HOLDINGS FUNDING LTD 144A 6.375000% 05/04/2028                           | CUSIP: 05401AAS0<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | NUSS              | IE        |    160000 | PA      | $164750.62    | 0.15%             | 2028-05-04      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| United States of America                                  | US TREASURY N/B 4.625000% 11/15/2045                                            | CUSIP: 912810UQ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1805000 | PA      | $1724621.09   | 1.54%             | 2045-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ONEOK, INC.                                               | ONEOK INC 5.400000% 10/15/2035                                                  | CUSIP: 682680DC4<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    210000 | PA      | $209817.32    | 0.19%             | 2035-10-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA STUDENT LOAN CORPORATION                   | SOUTH CAROLINA STUDENT LOAN CORP 2015-A SCSLC 2015-A A                          | CUSIP: 83715RAH5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |      6668 | PA      | $6668.48      | 0.01%             | 2036-01-25      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Reynolds American Inc.                                    | REYNOLDS AMERICAN INC 8.125000% 05/01/2040                                      | CUSIP: 761713BV7<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | GB        |     45000 | PA      | $52730.48     | 0.05%             | 2040-05-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                | GINNIE MAE II POOL G2 MA6599                                                    | CUSIP: 36179VKL3<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    205067 | PA      | $182899.97    | 0.16%             | 2050-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AMGEN INC.                                                | AMGEN INC 6.375000% 06/01/2037                                                  | CUSIP: 031162AW0<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    135000 | PA      | $147017.30    | 0.13%             | 2037-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC GOLD POOL FG G61748                                                 | CUSIP: 31335B5H5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    228436 | PA      | $212786.47    | 0.19%             | 2048-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC POOL FR SD6603                                                      | CUSIP: 3132DUKQ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    284750 | PA      | $282506.47    | 0.25%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                | GINNIE MAE II POOL G2 MA5876                                                    | CUSIP: 36179UQ54<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    206996 | PA      | $196608.46    | 0.18%             | 2049-04-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                      | JPMORGAN CHASE & CO 5.572000% 04/22/2036                                        | CUSIP: 46647PEX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    225000 | PA      | $231458.82    | 0.21%             | 2036-04-22      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| OCEANVIEW MORTGAGE TRUST                                  | OCEANVIEW MORTGAGE TRUST 2025-INV1 BVINV 2025-1 AF1                             | CUSIP: 67551WAU5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     81202 | PA      | $81223.29     | 0.07%             | 2054-11-25      | Floating      | 4.45%                 | Yes           |                  2 | On Loan: No      |
| Estados Unidos Mexicanos                                  | UNITED MEXICAN STATES 6.625000% 01/29/2038                                      | CUSIP: 91087BBF6<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    315000 | PA      | $324544.50    | 0.29%             | 2038-01-29      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                       | PETROLEOS MEXICANOS 7.690000% 01/23/2050                                        | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | NUSS              | MX        |    275000 | PA      | $251504.06    | 0.22%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES, INC.                               | CONTINENTAL RESOURCES INC/OK 144A 2.268000% 11/15/2026                          | CUSIP: 212015AU5<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |    225000 | PA      | $222479.51    | 0.20%             | 2026-11-15      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| SALESFORCE, INC.                                          | SALESFORCE INC 4.650000% 03/15/2029                                             | CUSIP: 79466LAR5<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    395000 | PA      | $395769.34    | 0.35%             | 2029-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Dominion Energy, Inc.                                     | DOMINION ENERGY INC 6.000000% 02/15/2056                                        | CUSIP: 25746UDZ9<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    275000 | PA      | $275144.10    | 0.25%             | 2056-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MUNICIPAL ELEC AUTH GA                                    | MUNI ELEC AUTH OF GEORGIA MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA               | CUSIP: 626207YF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    351000 | PA      | $371215.32    | 0.33%             | 2057-04-01      | Fixed         | 6.64%                 | No            |                  2 | On Loan: No      |
| United States of America                                  | US TREASURY N/B 3.875000% 04/15/2029                                            | CUSIP: 91282CQJ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |   2038000 | PA      | $2035930.17   | 1.82%             | 2029-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN FS1482                                                       | CUSIP: 3140XGUG2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    563779 | PA      | $518941.17    | 0.46%             | 2049-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                  | US TREASURY N/B 3.000000% 02/15/2049                                            | CUSIP: 912810SF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2915000 | PA      | $2104151.77   | 1.88%             | 2049-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| THE BROOKLYN UNION GAS COMPANY                            | BROOKLYN UNION GAS CO/THE 144A 6.415000% 07/18/2054                             | CUSIP: 114259AY0<br>LEI: 83BQ1DXS6VA5GZFK8S35 | Long             | DBT              | CORP              | US        |    220000 | PA      | $223319.56    | 0.20%             | 2054-07-18      | Fixed         | 6.42%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC.                                             | ALPHABET INC 5.450000% 11/15/2055                                               | CUSIP: 02079KBA4<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    190000 | PA      | $181738.52    | 0.16%             | 2055-11-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST                          | SMB PRIVATE EDUCATION LOAN TRUST 2020-A SMB 2020-A A2A                          | CUSIP: 78449UAB4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     45633 | PA      | $44320.29     | 0.04%             | 2037-09-15      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD.                               | FIRST QUANTUM MINERALS LTD 144A 7.250000% 02/15/2034                            | CUSIP: 335934AX3<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | NUSS              | ZM        |    225000 | PA      | $231326.10    | 0.21%             | 2034-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| United States of America                                  | US TREASURY N/B 4.125000% 02/15/2036                                            | CUSIP: 91282CPZ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |   1250000 | PA      | $1223632.81   | 1.09%             | 2036-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WORLDWIDE INC.                       | ANHEUSER-BUSCH INBEV WORLDWIDE INC 5.450000% 01/23/2039                         | CUSIP: 03523TBU1<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | BE        |     65000 | PA      | $66141.62     | 0.06%             | 2039-01-23      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                            | CITIGROUP INC 2.561000% 05/01/2032                                              | CUSIP: 172967MY4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    490000 | PA      | $440293.47    | 0.39%             | 2032-05-01      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| SMALL BUSINESS ADMINISTRATION GTD                         | SMALL BUSINESS ADMINISTRATION PARTICIPATION CERTIF SBAP 2025-25F 1              | CUSIP: 83162C2J1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    197704 | PA      | $200209.85    | 0.18%             | 2050-06-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST                                    | SEQUOIA MORTGAGE TRUST 2018-CH4 SEMT 2018-CH4 B1B                               | CUSIP: 81747LCE9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    245527 | PA      | $243604.23    | 0.22%             | 2048-10-25      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC POOL FR SD4705                                                      | CUSIP: 3132DSGN6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    546117 | PA      | $553208.80    | 0.49%             | 2053-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HESS CORPORATION                                          | HESS CORP 5.800000% 04/01/2047                                                  | CUSIP: 42809HAH0<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |    215000 | PA      | $218018.33    | 0.19%             | 2047-04-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                | GINNIE MAE II POOL G2 MA6476                                                    | CUSIP: 36179VFR6<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    577642 | PA      | $549438.35    | 0.49%             | 2050-02-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST                                  | BENCHMARK 2022-B33 MORTGAGE TRUST BMARK 2022-B33 A5                             | CUSIP: 08163PBG4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    185000 | PA      | $171538.22    | 0.15%             | 2055-03-15      | Floating      | 3.46%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                      | JPMORGAN CHASE & CO VARIABLE RATE 02/02/2037                                    | CUSIP: 48123KAE6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    120000 | PA      | $110870.07    | 0.10%             | 2037-02-02      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN CA6943                                                       | CUSIP: 3140QEWD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    980920 | PA      | $797611.47    | 0.71%             | 2050-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Company        | AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATIO 6.500000% 01/31/2056         | CUSIP: 00774MBQ7<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | NUSS              | IE        |    215000 | PA      | $218871.72    | 0.20%             | 2056-01-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                        | ENERGY TRANSFER LP 6.300000% 01/15/2056                                         | CUSIP: 29273VBL3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    145000 | PA      | $143248.69    | 0.13%             | 2056-01-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE REMICS FNR 2022-57 FA                                                | CUSIP: 3136BN3C8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    614671 | PA      | $607481.99    | 0.54%             | 2052-09-25      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DESIGNATED ACTIVITY COMPANY              | FLUTTER TREASURY DAC 144A 6.375000% 04/29/2029                                  | CUSIP: 344045AA7<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | NUSS              | GB        |    215000 | PA      | $218146.10    | 0.19%             | 2029-04-29      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DLLAD LLC                                                 | DLLAD 2024-1 LLC DLLAD 2024-1A A3                                               | CUSIP: 23346MAC0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    315000 | PA      | $319364.42    | 0.29%             | 2029-07-20      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| ALLY FINANCIAL INC.                                       | ALLY FINANCIAL INC 7.100000% MATURITY: PERPETUAL                                | CUSIP: 02005NCB4<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34972.45     | 0.03%             | 2174-08-15      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC POOL FR SL1806                                                      | CUSIP: 31427PAG9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    339744 | PA      | $350153.52    | 0.31%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Estados Unidos Mexicanos                                  | UNITED MEXICAN STATES 3.500000% 02/12/2034                                      | CUSIP: 91087BAR1<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    225000 | PA      | $192375.00    | 0.17%             | 2034-02-12      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VERIZON MASTER TRUST                                      | VERIZON MASTER TRUST VZMT 2025-5 B                                              | CUSIP: 92348KEH2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    130000 | PA      | $129537.60    | 0.12%             | 2031-06-20      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC POOL FR SL1254                                                      | CUSIP: 31427NMC0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    249482 | PA      | $257748.10    | 0.23%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                             | GOLDMAN SACHS GROUP INC/THE 5.065000% 01/21/2037                                | CUSIP: 38145GAS9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    280000 | PA      | $273738.18    | 0.24%             | 2037-01-21      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                                           | BAE SYSTEMS PLC 144A 5.250000% 03/26/2031                                       | CUSIP: 05523RAK3<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | NUSS              | GB        |    220000 | PA      | $225265.24    | 0.20%             | 2031-03-26      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC COMPANY                          | PACIFIC GAS AND ELECTRIC CO 2.500000% 02/01/2031                                | CUSIP: 694308JG3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    205000 | PA      | $184409.34    | 0.16%             | 2031-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                      | JPMORGAN CHASE & CO 4.810000% 10/22/2036                                        | CUSIP: 46647PFE1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    320000 | PA      | $310851.10    | 0.28%             | 2036-10-22      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                            | CITIGROUP INC 8.125000% 07/15/2039                                              | CUSIP: 172967EW7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    165000 | PA      | $206489.75    | 0.18%             | 2039-07-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| OCEANVIEW MORTGAGE TRUST                                  | OCEANVIEW MORTGAGE TRUST 2025-INV2 BVINV 2025-2 AF1                             | CUSIP: 67647BAU7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    100535 | PA      | $100613.46    | 0.09%             | 2055-04-25      | Floating      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS HOLDINGS, LLC                     | FRONTIER COMMUNICATIONS HOLDINGS LLC 144A 6.000000% 01/15/2030                  | CUSIP: 35908MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    219000 | PA      | $220209.54    | 0.20%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BSPRT ISSUER, LTD.                                        | BSPRT 2026-FL13 ISSUER LLC BSPRT 2026-FL13 A                                    | CUSIP: 05620GAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    135000 | PA      | $135153.63    | 0.12%             | 2043-10-18      | Floating      | 5.15%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                  | US TREASURY N/B 4.750000% 02/15/2056                                            | CUSIP: 912810UR7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1276000 | PA      | $1228548.75   | 1.10%             | 2056-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                            | MORGAN STANLEY 5.466000% 01/18/2035                                             | CUSIP: 61747YFL4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    265000 | PA      | $270024.18    | 0.24%             | 2035-01-18      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE OR FREDDIE MAC 30YR TBA (MAY)                                        | CUSIP: 01F030652<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    605000 | PA      | $529551.97    | 0.47%             | 2056-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC.                                             | ALPHABET INC 4.700000% 11/15/2035                                               | CUSIP: 02079KAY3<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    245000 | PA      | $240511.57    | 0.21%             | 2035-11-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING LLC                            | ENTERPRISE FLEET FINANCING 2025-1 LLC EFF 2025-1 A3                             | CUSIP: 29390HAC3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    195000 | PA      | $196533.75    | 0.18%             | 2029-02-20      | Fixed         | 4.82%                 | Yes           |                  2 | On Loan: No      |
| JACOBS SOLUTIONS INC.                                     | JACOBS SOLUTIONS INC 4.750000% 03/03/2031                                       | CUSIP: 46982LAA6<br>LEI: 254900E3KHXCC2C8K272 | Long             | DBT              | CORP              | US        |    260000 | PA      | $257305.01    | 0.23%             | 2031-03-03      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION LOAN TRUST                      | NAVIENT EDUCATION LOAN TRUST 2026-A NAVEL 2026-A A                              | CUSIP: 63943MAA7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    245000 | PA      | $244058.51    | 0.22%             | 2056-09-15      | Fixed         | 4.86%                 | Yes           |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC COMPANY                          | PACIFIC GAS AND ELECTRIC CO 5.200000% 05/01/2036                                | CUSIP: 694308LA3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    215000 | PA      | $209416.04    | 0.19%             | 2036-05-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| NELNET PRIVATE EDUCATION LOAN TRUST                       | NELNET STUDENT LOAN TRUST 2021-B NSLT 2021-BA AFL                               | CUSIP: 64034QAA6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     36676 | PA      | $36773.91     | 0.03%             | 2062-04-20      | Floating      | 4.56%                 | Yes           |                  2 | On Loan: No      |
| VERTIV HOLDINGS CO                                        | VERTIV HOLDINGS CO 4.850000% 03/15/2036                                         | CUSIP: 92537NAA6<br>LEI: 549300KTTIRAOGXCRV69 | Long             | DBT              | CORP              | US        |    195000 | PA      | $189824.10    | 0.17%             | 2036-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| United States of America                                  | US 5YR NOTE (CBT) JUN26 FINANCIAL COMMODITY FUTURE.                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        83 | NC      | $8950382.81   | 7.99%             |  |  |  | No            |                  1 | On Loan: No      |
| SMALL BUSINESS INVESTMENT COMPANIES                       | SBA SMALL BUSINESS INVESTMENT COS SBIC 2026-10A 1                               | CUSIP: 831641GB5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    220000 | PA      | $219203.86    | 0.20%             | 2036-03-10      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC POOL FR SD3368                                                      | CUSIP: 3132DQW51<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    747144 | PA      | $757650.96    | 0.68%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORPORATION                                    | CVS HEALTH CORP 5.050000% 03/25/2048                                            | CUSIP: 126650CZ1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    435000 | PA      | $375300.26    | 0.34%             | 2048-03-25      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| United States of America                                  | US TREASURY N/B 4.625000% 02/15/2046                                            | CUSIP: 912810UT3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1790000 | PA      | $1709450.00   | 1.53%             | 2046-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CENTENE CORPORATION                                       | CENTENE CORP 4.625000% 12/15/2029                                               | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    340000 | PA      | $331465.39    | 0.30%             | 2029-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WFRBS COMMERCIAL MORTGAGE TRUST                           | WFRBS COMMERCIAL MORTGAGE TRUST 2014-C22 WFRBS 2014-C22 B                       | CUSIP: 92890KBF1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    120000 | PA      | $111771.13    | 0.10%             | 2057-09-15      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST                | JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST 2014-C2 JPMBB 2014-C25 B             | CUSIP: 46643PBK5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    215000 | PA      | $201050.80    | 0.18%             | 2047-11-15      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC POOL FR RA8790                                                      | CUSIP: 3133KQXT8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    214992 | PA      | $213515.15    | 0.19%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                | GINNIE MAE II POOL G2 MA7051                                                    | CUSIP: 36179VZQ6<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    431963 | PA      | $355553.58    | 0.32%             | 2050-12-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                               | BANK OF AMERICA CORP 5.288000% 04/25/2034                                       | CUSIP: 06051GLH0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203095.25    | 0.18%             | 2034-04-25      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST                       | CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-GC41 CGCMT 2019-GC41 A5                | CUSIP: 17328FAW5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    175000 | PA      | $164632.98    | 0.15%             | 2056-08-10      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| Braskem Netherlands Finance B.V.                          | BRASKEM NETHERLANDS FINANCE BV 144A 8.000000% 10/15/2034                        | CUSIP: 10554TAJ4<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | NUSS              | BR        |    150000 | PA      | $87750.00     | 0.08%             | 2034-10-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL PLC                                | ANGLO AMERICAN CAPITAL PLC 144A 5.750000% 04/05/2034                            | CUSIP: 034863BE9<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | NUSS              | ZA        |    325000 | PA      | $335310.57    | 0.30%             | 2034-04-05      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC POOL FR SD1661                                                      | CUSIP: 3132DNZ22<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    620379 | PA      | $537342.59    | 0.48%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                  | ELECTRICITE DE FRANCE SA 144A 6.125000% 04/22/2056                              | CUSIP: 285039AQ6<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | NUSS              | FR        |    215000 | PA      | $208219.34    | 0.19%             | 2056-04-22      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN MA2956                                                       | CUSIP: 31418CJA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |     58626 | PA      | $52490.25     | 0.05%             | 2047-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NAVIENT REFINANCE LOAN TRUST                              | NAVIENT REFINANCE LOAN TRUST 2025-B NAVRL 2025-B A                              | CUSIP: 63943NAA5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    108601 | PA      | $107634.96    | 0.10%             | 2055-09-15      | Fixed         | 4.72%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN FA0373                                                       | CUSIP: 3140W0MX0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    480544 | PA      | $485238.10    | 0.43%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CENTENE CORPORATION                                       | CENTENE CORP 3.000000% 10/15/2030                                               | CUSIP: 15135BAW1<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    175000 | PA      | $157336.88    | 0.14%             | 2030-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS, INC.                                      | META PLATFORMS INC 5.400000% 08/15/2054                                         | CUSIP: 30303M8V7<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    155000 | PA      | $137761.56    | 0.12%             | 2054-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                  | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2010-H14 BI                        | CUSIP: 38375BCR1<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |      1692 | PA      | $184.73       | 0.00%             | 2060-07-20      | Floating      | 1.54%                 | No            |                  2 | On Loan: No      |
| N/A                                                       | BROWN BROTHERS HARRIMAN SWEEP INTEREST                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   3691473 | PA      | $3691473.22   | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC CORPORATION                                           | FMC CORP 8.450000% 11/01/2055                                                   | CUSIP: 302491AZ8<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |    205000 | PA      | $135860.43    | 0.12%             | 2055-11-01      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| AQUA FINANCE TRUST                                        | AQUA FINANCE ISSUER TRUST 2025-B AQFIT 2025-B A                                 | CUSIP: 03837GAA5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    189484 | PA      | $189588.12    | 0.17%             | 2051-05-17      | Fixed         | 4.79%                 | Yes           |                  2 | On Loan: No      |
| HIH TRUST                                                 | HIH TRUST 2024-61P HIH 2024-61P A                                               | CUSIP: 40444VAA9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    311229 | PA      | $311423.52    | 0.28%             | 2041-10-15      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC POOL FR SD1096                                                      | CUSIP: 3132DNGD9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    283423 | PA      | $229815.67    | 0.21%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HONEYWELL AEROSPACE INC.                                  | HONEYWELL AEROSPACE INC 144A 4.950000% 03/16/2036                               | CUSIP: 43849RAG0<br>LEI: 213800ZUAQRBYL67JS90 | Long             | DBT              | CORP              | US        |    280000 | PA      | $276821.88    | 0.25%             | 2036-03-16      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN BT2371                                                       | CUSIP: 3140LQT59<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    256899 | PA      | $208795.52    | 0.19%             | 2051-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST                                 | TOWD POINT MORTGAGE TRUST 2020-3 TPMT 2020-3 A1                                 | CUSIP: 89178UAL6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     41851 | PA      | $40767.22     | 0.04%             | 2063-02-25      | Floating      | 3.09%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                      | JPMORGAN CHASE & CO 5.766000% 04/22/2035                                        | CUSIP: 46647PEH5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    315000 | PA      | $328366.84    | 0.29%             | 2035-04-22      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST                       | CITIGROUP COMMERCIAL MORTGAGE TRUST 2016-P6 CGCMT 2016-P6 A5                    | CUSIP: 17291EAW1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     55000 | PA      | $54449.26     | 0.05%             | 2049-12-10      | Floating      | 3.72%                 | No            |                  2 | On Loan: No      |
| HEALTH CARE SERVICE CORP MUT LEG RES CO                   | HEALTH CARE SERVICE CORP A MUTUAL LEGAL RESERVE CO 5.200000% 06/15/2029         | CUSIP: 42218SAK4<br>LEI: 549300TMJ1FKCKECR148 | Long             | DBT              | CORP              | US        |    210000 | PA      | $212918.56    | 0.19%             | 2029-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN CB7344                                                       | CUSIP: 3140QTES4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    679527 | PA      | $697323.37    | 0.62%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST                          | SMB PRIVATE EDUCATION LOAN TRUST 2021-A SMB 2021-A B                            | CUSIP: 78448YAD3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     54831 | PA      | $53531.12     | 0.05%             | 2053-01-15      | Fixed         | 2.31%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                  | US TREASURY N/B 4.250000% 03/31/2033                                            | CUSIP: 91282CQF1<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |   1340000 | PA      | $1343768.75   | 1.20%             | 2033-03-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                            | CITIGROUP INC 5.174000% 02/13/2030                                              | CUSIP: 172967PF2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    325000 | PA      | $329953.31    | 0.29%             | 2030-02-13      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| WHEELS FLEET LEASE FUNDING LLC                            | WHEELS FLEET LEASE FUNDING 2026-1 LLC WHEELS 2026-1A C                          | CUSIP: 96329JAF7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    125000 | PA      | $124593.39    | 0.11%             | 2039-04-18      | Fixed         | 4.93%                 | Yes           |                  2 | On Loan: No      |
| SMALL BUSINESS INVESTMENT COMPANIES                       | SBA SMALL BUSINESS INVESTMENT COS SBIC 2025-10B 1                               | CUSIP: 831641GA7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     89907 | PA      | $89282.01     | 0.08%             | 2035-09-10      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE REMICS FNR 2005-24 ZE                                                | CUSIP: 31394CF98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |      1901 | PA      | $1927.14      | 0.00%             | 2035-04-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                             | GOLDMAN SACHS GROUP INC/THE 4.939000% 10/21/2036                                | CUSIP: 38141GD43<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    190000 | PA      | $184305.42    | 0.16%             | 2036-10-21      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| TENNESSEE GAS PIPELINE COMPANY, L.L.C.                    | TENNESSEE GAS PIPELINE CO LLC 8.375000% 06/15/2032                              | CUSIP: 880451AW9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $157346.71    | 0.14%             | 2032-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC REMICS FHR 5605 NF                                                  | CUSIP: 3137HPAY9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    538921 | PA      | $540627.88    | 0.48%             | 2055-12-25      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC POOL FR SD5660                                                      | CUSIP: 3132DTJD3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    242295 | PA      | $248855.50    | 0.22%             | 2054-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORPORATION                                    | CVS HEALTH CORP 6.750000% 12/10/2054                                            | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    140000 | PA      | $145043.64    | 0.13%             | 2054-12-10      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Chile Electricity Lux MPC S.a r.l.                        | CHILE ELECTRICITY LUX MPC SARL 144A 6.010000% 01/20/2033                        | CUSIP: 168829AA7<br>LEI: N/A                  | Long             | DBT              | NUSS              | CL        |    223600 | PA      | $232058.79    | 0.21%             | 2033-01-20      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN AN8044                                                       | CUSIP: 3138LL5E1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    155770 | PA      | $152888.16    | 0.14%             | 2028-01-01      | Fixed         | 3.04%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS, INC.                                      | META PLATFORMS INC 5.550000% 08/15/2064                                         | CUSIP: 30303M8W5<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    115000 | PA      | $101513.93    | 0.09%             | 2064-08-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORPORATION                                  | STATE STREET CORP VARIABLE RATE 06/15/2047                                      | CUSIP: 857477AY9<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    150000 | PA      | $132624.43    | 0.12%             | 2047-06-15      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| FARMERS INSURANCE EXCHANGE                                | FARMERS INSURANCE EXCHANGE 144A 7.000000% 10/15/2064                            | CUSIP: 309601AG7<br>LEI: 549300UWG2TLX1GZVT44 | Long             | DBT              | CORP              | US        |    170000 | PA      | $168930.05    | 0.15%             | 2064-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS AND ELECTRIC COMPANY                          | PACIFIC GAS AND ELECTRIC CO 6.100000% 01/15/2029                                | CUSIP: 694308KL0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    210000 | PA      | $217016.33    | 0.19%             | 2029-01-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                | GINNIE MAE II POOL G2 MA7705                                                    | CUSIP: 36179WR26<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    530358 | PA      | $454770.29    | 0.41%             | 2051-11-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                  | US TREASURY N/B 3.500000% 01/31/2028                                            | CUSIP: 91282CGH8<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |   1687000 | PA      | $1675994.96   | 1.50%             | 2028-01-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                              | BX COMMERCIAL MORTGAGE TRUST 2026-CSMO BX 2026-CSMO B                           | CUSIP: 12433LAC9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    270000 | PA      | $270506.25    | 0.24%             | 2043-02-15      | Floating      | 5.35%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN FS3396                                                       | CUSIP: 3140XJX24<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    410275 | PA      | $411237.97    | 0.37%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES, INC.                                   | AMERICAN AIRLINES 2025-1 CLASS A PASS THROUGH TRUS 4.900000% 05/11/2038         | CUSIP: 02377NAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $92625.19     | 0.08%             | 2038-05-11      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC POOL FR SD5219                                                      | CUSIP: 3132DSYQ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    367136 | PA      | $379378.93    | 0.34%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                             | GOLDMAN SACHS GROUP INC/THE 2.383000% 07/21/2032                                | CUSIP: 38141GYJ7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    410000 | PA      | $363047.00    | 0.32%             | 2032-07-21      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN CA7048                                                       | CUSIP: 3140QEZN5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    179297 | PA      | $159722.02    | 0.14%             | 2050-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN FS2446                                                       | CUSIP: 3140XHWG8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    252813 | PA      | $239714.39    | 0.21%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HSBC                                                      | US 2YR NOTE (CBT) JUN26 FINANCIAL COMMODITY FUTURE.                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        61 | NC      | $12634625.00  | 11.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Raizen Fuels Finance S.A.                                 | RAIZEN FUELS FINANCE SA 144A 6.250000% 07/08/2032                               | CUSIP: 75102XAF3<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | NUSS              | BR        |    310000 | PA      | $169725.00    | 0.15%             | 2032-07-08      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC POOL FR RC2401                                                      | CUSIP: 3133L8U29<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    252541 | PA      | $231941.23    | 0.21%             | 2037-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SMALL BUSINESS INVESTMENT COMPANIES                       | SBA SMALL BUSINESS INVESTMENT COS SBIC 2022-10A 1                               | CUSIP: 831641FT7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     79247 | PA      | $75355.67     | 0.07%             | 2032-03-10      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORPORATION                                    | CVS HEALTH CORP 1.875000% 02/28/2031                                            | CUSIP: 126650DQ0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    205000 | PA      | $179758.37    | 0.16%             | 2031-02-28      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST                                       | RCKT MORTGAGE TRUST 2025-CES12 RCKT 2025-CES12 A1A                              | CUSIP: 749349AA4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     92609 | PA      | $92342.26     | 0.08%             | 2055-11-25      | Fixed         | 5.03%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC POOL FR SL1566                                                      | CUSIP: 31427NW47<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    232476 | PA      | $234734.32    | 0.21%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN FS7221                                                       | CUSIP: 3140XPAX7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    125348 | PA      | $129112.43    | 0.12%             | 2054-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                | GINNIE MAE II POOL G2 MA7990                                                    | CUSIP: 36179W2X5<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    272009 | PA      | $256389.52    | 0.23%             | 2052-04-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC POOL FR RA8382                                                      | CUSIP: 3133KQJ31<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    776252 | PA      | $770920.11    | 0.69%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                         | HSBC HOLDINGS PLC 5.733000% 05/17/2032                                          | CUSIP: 404280EG0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | NUSS              | GB        |    370000 | PA      | $383307.91    | 0.34%             | 2032-05-17      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| United States of America                                  | US TREASURY N/B 4.625000% 11/15/2055                                            | CUSIP: 912810UP1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1645000 | PA      | $1551440.63   | 1.39%             | 2055-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION LOAN TRUST                      | NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2019-F NAVSL 2019-FA A2               | CUSIP: 63935CAB7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    138552 | PA      | $134093.89    | 0.12%             | 2068-08-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST                          | SMB PRIVATE EDUCATION LOAN TRUST 2021-A SMB 2021-A APT1                         | CUSIP: 78448YAH4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    149654 | PA      | $136865.55    | 0.12%             | 2053-01-15      | Fixed         | 1.07%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN FS4521                                                       | CUSIP: 3140XLAX6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    366205 | PA      | $364925.12    | 0.33%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC POOL FR SD7548                                                      | CUSIP: 3132DVL52<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    414211 | PA      | $353851.31    | 0.32%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS CAPITAL I                                   | GOLDMAN SACHS CAPITAL I 6.345000% 02/15/2034                                    | CUSIP: 38143VAA7<br>LEI: 5299005MCIJK7R2NP351 | Long             | DBT              | CORP              | US        |    340000 | PA      | $356572.74    | 0.32%             | 2034-02-15      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| B.A.T CAPITAL CORPORATION                                 | BAT CAPITAL CORP 4.625000% 03/22/2033                                           | CUSIP: 054989AF5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | GB        |    255000 | PA      | $249886.86    | 0.22%             | 2033-03-22      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MERCURY GENERAL CORPORATION                               | MERCURY GENERAL CORP 4.400000% 03/15/2027                                       | CUSIP: 589400AB6<br>LEI: 5493001Q9EXPCEL4W527 | Long             | DBT              | CORP              | US        |    139000 | PA      | $138480.23    | 0.12%             | 2027-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE REMICS FNR 2012-121 TB                                               | CUSIP: 3136A9XP8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |      9552 | PA      | $10135.37     | 0.01%             | 2042-11-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NELNET STUDENT LOAN TRUST                                 | NELNET STUDENT LOAN TRUST 2025-C NSLT 2025-CA A1A                               | CUSIP: 64035UAA6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    249276 | PA      | $245706.29    | 0.22%             | 2065-06-22      | Fixed         | 4.67%                 | Yes           |                  2 | On Loan: No      |
| SCENTRE GROUP TRUST 2                                     | SCENTRE GROUP TRUST 2 144A 5.125000% 09/24/2080                                 | CUSIP: 76025LAB0<br>LEI: 549300VRF0U0JH8TBJ74 | Long             | DBT              | NUSS              | AU        |    305000 | PA      | $307148.73    | 0.27%             | 2080-09-24      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN CB8001                                                       | CUSIP: 3140QT3K3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    129011 | PA      | $132884.88    | 0.12%             | 2054-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| B.A.T CAPITAL CORPORATION                                 | BAT CAPITAL CORP 5.834000% 02/20/2031                                           | CUSIP: 05526DBY0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | GB        |    190000 | PA      | $198776.49    | 0.18%             | 2031-02-20      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN FS7502                                                       | CUSIP: 3140XPKQ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    181701 | PA      | $186459.10    | 0.17%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST                                       | RCKT MORTGAGE TRUST 2025-CES8 RCKT 2025-CES8 A1A                                | CUSIP: 74939WAA8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    131819 | PA      | $131786.55    | 0.12%             | 2055-08-25      | Floating      | 5.15%                 | Yes           |                  2 | On Loan: No      |
| GreenSaif Pipelines Bidco S.a rl                          | GREENSAIF PIPELINES BIDCO SARL 144A 6.102700% 08/23/2042                        | CUSIP: 39541EAE3<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | NUSS              | SA        |    230000 | PA      | $234039.93    | 0.21%             | 2042-08-23      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST                          | SMB PRIVATE EDUCATION LOAN TRUST 2021-C SMB 2021-C APT1                         | CUSIP: 83208AAA1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     87431 | PA      | $80054.83     | 0.07%             | 2053-01-15      | Fixed         | 1.39%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN FS8469                                                       | CUSIP: 3140XQMT1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    152706 | PA      | $155310.78    | 0.14%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT, INC.                            | APOLLO GLOBAL MANAGEMENT INC 5.700000% 03/30/2036                               | CUSIP: 03769MAG1<br>LEI: 254900LMFT1CY9IYB476 | Long             | DBT              | CORP              | US        |    155000 | PA      | $155579.13    | 0.14%             | 2036-03-30      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN AB9953                                                       | CUSIP: 31417HBX1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    522053 | PA      | $490116.22    | 0.44%             | 2043-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                | GINNIE MAE II POOL G2 785432                                                    | CUSIP: 3622AA4R2<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    543196 | PA      | $466623.46    | 0.42%             | 2051-04-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN CA7031                                                       | CUSIP: 3140QEY55<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    263264 | PA      | $225672.16    | 0.20%             | 2050-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                     | WELLS FARGO & CO 5.433000% 01/23/2047                                           | CUSIP: 95000U4F7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    125000 | PA      | $118847.74    | 0.11%             | 2047-01-23      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FINANCIAL GROUP INC.                            | JEFFERIES FINANCIAL GROUP INC 5.500000% 02/15/2036                              | CUSIP: 47233WLL1<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    245000 | PA      | $235935.51    | 0.21%             | 2036-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN MA3306                                                       | CUSIP: 31418CU85<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    214160 | PA      | $202429.80    | 0.18%             | 2048-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                | GINNIE MAE II POOL G2 MA7192                                                    | CUSIP: 36179V7D6<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    388088 | PA      | $319439.35    | 0.29%             | 2051-02-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY, INC.                                          | NRG ENERGY INC 144A 4.955000% 04/30/2031                                        | CUSIP: 629377DE9<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    220000 | PA      | $218489.53    | 0.20%             | 2031-04-30      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| HONEYWELL AEROSPACE INC.                                  | HONEYWELL AEROSPACE INC 144A 4.600000% 03/16/2033                               | CUSIP: 43849RAF2<br>LEI: 213800ZUAQRBYL67JS90 | Long             | DBT              | CORP              | US        |    170000 | PA      | $167848.00    | 0.15%             | 2033-03-16      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| MTN COMMERCIAL MORTGAGE TRUST                             | MTN COMMERCIAL MORTGAGE TRUST 2026-LPFX MTN 2026-LPFX A                         | CUSIP: 624944AA2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    165000 | PA      | $165775.50    | 0.15%             | 2043-05-15      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN CB4630                                                       | CUSIP: 3140QQEC5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    145659 | PA      | $148356.55    | 0.13%             | 2052-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LEIDOS, INC.                                              | LEIDOS INC 5.000000% 03/15/2036                                                 | CUSIP: 52532XAN5<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |    285000 | PA      | $278333.88    | 0.25%             | 2036-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CE FHMS Q032 A                  | CUSIP: 3137HKQ23<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |     91112 | PA      | $91371.46     | 0.08%             | 2054-11-25      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC POOL FR SD0225                                                      | CUSIP: 3132DMHA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |     51944 | PA      | $46730.03     | 0.04%             | 2047-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MF1 LTD                                                   | MF1 2025-FL17 LLC MF1 2025-FL17 A                                               | CUSIP: 55287HAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    255000 | PA      | $255042.33    | 0.23%             | 2040-02-18      | Floating      | 4.98%                 | Yes           |                  2 | On Loan: No      |
| ORACLE CORPORATION                                        | ORACLE CORP 4.450000% 09/26/2030                                                | CUSIP: 68389XDH5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    225000 | PA      | $217014.85    | 0.19%             | 2030-09-26      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| SCF EQUIPMENT LEASING LLC                                 | SCF EQUIPMENT LEASING 2025-1 LLC SCFET 2025-1A A2                               | CUSIP: 78437DAB6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     42888 | PA      | $42977.58     | 0.04%             | 2030-07-22      | Fixed         | 4.82%                 | Yes           |                  2 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                             | GOLDMAN SACHS GROUP INC/THE 5.536000% 01/28/2036                                | CUSIP: 38141GC44<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    265000 | PA      | $269334.99    | 0.24%             | 2036-01-28      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| ARI FLEET LEASE TRUST                                     | ARI FLEET LEASE TRUST 2026-A ARIFL 2026-A C                                     | CUSIP: 04033DAE4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    110000 | PA      | $108984.72    | 0.10%             | 2034-11-15      | Fixed         | 4.61%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC POOL FR RA3053                                                      | CUSIP: 3133KJMA7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    375680 | PA      | $307224.64    | 0.27%             | 2050-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC POOL FR SD7552                                                      | CUSIP: 3132DVL94<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    890625 | PA      | $760304.09    | 0.68%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD.                               | FIRST QUANTUM MINERALS LTD 144A 8.625000% 06/01/2031                            | CUSIP: 335934AU9<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | NUSS              | ZM        |    310000 | PA      | $323237.93    | 0.29%             | 2031-06-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| ORACLE CORPORATION                                        | ORACLE CORP 5.375000% 09/27/2054                                                | CUSIP: 68389XCU7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    130000 | PA      | $100067.44    | 0.09%             | 2054-09-27      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                          | PARAMOUNT GLOBAL 5.900000% 10/15/2040                                           | CUSIP: 124857AF0<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    240000 | PA      | $186342.45    | 0.17%             | 2040-10-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM, INC.                                          | AMAZON.COM INC 5.800000% 03/13/2056                                             | CUSIP: 023135DH6<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    170000 | PA      | $167320.93    | 0.15%             | 2056-03-13      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG NEW YORK BRANCH                          | DEUTSCHE BANK AG/NEW YORK NY 6.819000% 11/20/2029                               | CUSIP: 251526CU1<br>LEI: N/A                  | Long             | DBT              | NUSS              | DE        |    135000 | PA      | $141676.08    | 0.13%             | 2029-11-20      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| ORACLE CORPORATION                                        | ORACLE CORP 3.800000% 11/15/2037                                                | CUSIP: 68389XBP9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    235000 | PA      | $185822.29    | 0.17%             | 2037-11-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| TIME WARNER CABLE, LLC                                    | TIME WARNER CABLE LLC 5.875000% 11/15/2040                                      | CUSIP: 88732JAY4<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |    380000 | PA      | $343603.91    | 0.31%             | 2040-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC POOL FR RA9060                                                      | CUSIP: 3133KRB52<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    272626 | PA      | $277889.02    | 0.25%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC POOL FR SD1093                                                      | CUSIP: 3132DNGA5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    332078 | PA      | $272291.54    | 0.24%             | 2052-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN MA2833                                                       | CUSIP: 31418CEF7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    566820 | PA      | $510043.81    | 0.46%             | 2046-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| EATON CORPORATION                                         | EATON CORP 4.200000% 03/06/2031                                                 | CUSIP: 278058DX7<br>LEI: 0NZWDMRCE180888QQE14 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197219.73    | 0.18%             | 2031-03-06      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN BM5111                                                       | CUSIP: 3140J9VD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    251242 | PA      | $243670.35    | 0.22%             | 2033-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST                                  | BENCHMARK 2022-B35 MORTGAGE TRUST BMARK 2022-B35 AS                             | CUSIP: 08163RBT2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    205000 | PA      | $191623.65    | 0.17%             | 2055-05-15      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                                    | SEMPRA 5.250000% 03/15/2036                                                     | CUSIP: 816851BX6<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    225000 | PA      | $222267.67    | 0.20%             | 2036-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOFI PROFESSIONAL LOAN PROGRAM                            | SOFI PROFESSIONAL LOAN PROGRAM 2018-C TRUST SOFI 2018-C A2FX                    | CUSIP: 78490DAB0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     37911 | PA      | $37763.93     | 0.03%             | 2048-01-25      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC.                                             | BROADCOM INC 3.419000% 04/15/2033                                               | CUSIP: 11135FCU3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    109000 | PA      | $99866.64     | 0.09%             | 2033-04-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC POOL FR QY1454                                                      | CUSIP: 31426KTL0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    351604 | PA      | $347140.05    | 0.31%             | 2055-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HORIZON MUTUAL HOLDINGS, INC.                             | HORIZON MUTUAL HOLDINGS INC 144A 6.200000% 11/15/2034                           | CUSIP: 43990FAA6<br>LEI: 254900R6BWV4LUXBN549 | Long             | DBT              | CORP              | US        |    365000 | PA      | $344832.25    | 0.31%             | 2034-11-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| BAKER HUGHES HOLDINGS LLC                                 | BAKER HUGHES HOLDINGS LLC / BAKER HUGHES CO-OBLIGO 5.000000% 06/15/2036         | CUSIP: 05724BAP4<br>LEI: 549300XU3XH6F05YEQ93 | Long             | DBT              | CORP              | US        |    360000 | PA      | $354286.44    | 0.32%             | 2036-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TIME WARNER CABLE, LLC                                    | TIME WARNER CABLE LLC 6.550000% 05/01/2037                                      | CUSIP: 88732JAJ7<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |    470000 | PA      | $472260.44    | 0.42%             | 2037-05-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST                          | SMB PRIVATE EDUCATION LOAN TRUST 2024-E SMB 2024-E A1A                          | CUSIP: 78450XAA6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    174705 | PA      | $175467.80    | 0.16%             | 2056-10-16      | Fixed         | 5.09%                 | Yes           |                  2 | On Loan: No      |
| Braskem Netherlands Finance B.V.                          | BRASKEM NETHERLANDS FINANCE BV 144A 4.500000% 01/31/2030                        | CUSIP: 10554TAD7<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | NUSS              | BR        |    205000 | PA      | $120950.00    | 0.11%             | 2030-01-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SABRA HEALTH CARE LIMITED PARTNERSHIP                     | SABRA HEALTH CARE LP 3.900000% 10/15/2029                                       | CUSIP: 78572XAG6<br>LEI: 549300OVKLRFSIQG0H81 | Long             | DBT              | CORP              | US        |    185000 | PA      | $179786.26    | 0.16%             | 2029-10-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| PSEG POWER LLC                                            | PSEG POWER LLC 144A 5.750000% 05/15/2035                                        | CUSIP: 69362BBE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    260000 | PA      | $264854.64    | 0.24%             | 2035-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN CB0985                                                       | CUSIP: 3140QLCX2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    552820 | PA      | $474028.10    | 0.42%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC STRIPS FHS 271 30                                                   | CUSIP: 3128HXTR6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |     26284 | PA      | $24103.86     | 0.02%             | 2042-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS PRIVATE CREDIT CORP.                        | GOLDMAN SACHS PRIVATE CREDIT CORP 144A 5.050000% 02/23/2028                     | CUSIP: 38152BAJ0<br>LEI: 549300TD27G6372IYJ65 | Long             | DBT              | CORP              | US        |    285000 | PA      | $281591.64    | 0.25%             | 2028-02-23      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| HCA INC.                                                  | HCA INC 3.500000% 07/15/2051                                                    | CUSIP: 404119CB3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    305000 | PA      | $200844.99    | 0.18%             | 2051-07-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                  | US TREASURY N/B 3.500000% 03/15/2029                                            | CUSIP: 91282CQE4<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |   2630000 | PA      | $2601028.92   | 2.32%             | 2029-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Company        | AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATIO 4.950000% 09/10/2034         | CUSIP: 00774MBM6<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | NUSS              | IE        |    225000 | PA      | $219202.39    | 0.20%             | 2034-09-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN AL9468                                                       | CUSIP: 3138ERQW3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |     67571 | PA      | $65640.77     | 0.06%             | 2031-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                  | US TREASURY N/B 4.125000% 04/30/2033                                            | CUSIP: 91282CQN4<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |    200000 | PA      | $198968.75    | 0.18%             | 2033-04-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| AT&T INC.                                                 | AT&T INC 6.000000% 11/15/2034                                                   | CUSIP: 00206RGW6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20441.87     | 0.02%             | 2034-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                  | US TREASURY N/B 3.500000% 02/28/2031                                            | CUSIP: 91282CQD6<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |    725000 | PA      | $708800.78    | 0.63%             | 2031-02-28      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CSMC TRUST                                                | CSMC 2021-RPL3 TRUST CSMC 2021-RPL3 A1                                          | CUSIP: 12661GAA7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    300597 | PA      | $266079.82    | 0.24%             | 2060-01-25      | Floating      | 2.00%                 | Yes           |                  2 | On Loan: No      |
| SMB PRIVATE EDUCATION LOAN TRUST                          | SMB PRIVATE EDUCATION LOAN TRUST 2024-A SMB 2024-A A1A                          | CUSIP: 831943AA3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    109122 | PA      | $109640.32    | 0.10%             | 2056-03-15      | Fixed         | 5.24%                 | Yes           |                  2 | On Loan: No      |
| SPRINT CAPITAL CORPORATION                                | SPRINT CAPITAL CORP 8.750000% 03/15/2032                                        | CUSIP: 852060AT9<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |    145000 | PA      | $172539.80    | 0.15%             | 2032-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Company        | AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATIO 3.000000% 10/29/2028         | CUSIP: 00774MAW5<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | NUSS              | IE        |    185000 | PA      | $178262.51    | 0.16%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                            | MORGAN STANLEY MTN 5.250000% 04/21/2034                                         | CUSIP: 61747YFE0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    290000 | PA      | $292903.77    | 0.26%             | 2034-04-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ORACLE CORPORATION                                        | ORACLE CORP 4.800000% 09/26/2032                                                | CUSIP: 68389XDK8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    250000 | PA      | $237716.27    | 0.21%             | 2032-09-26      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN CB2344                                                       | CUSIP: 3140QMTA2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    781457 | PA      | $642198.56    | 0.57%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL HOLDINGS, INC.                     | NEXTERA ENERGY CAPITAL HOLDINGS INC 5.450000% 03/15/2035                        | CUSIP: 65339KDL1<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    375000 | PA      | $382343.03    | 0.34%             | 2035-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| RWE FINANCE US, LLC                                       | RWE FINANCE US LLC 144A 5.125000% 09/18/2035                                    | CUSIP: 749983AC6<br>LEI: 529900J7MYLKI84UP772 | Long             | DBT              | CORP              | DE        |    190000 | PA      | $185025.36    | 0.17%             | 2035-09-18      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| INTEL CORPORATION                                         | INTEL CORP 3.250000% 11/15/2049                                                 | CUSIP: 458140BJ8<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |     85000 | PA      | $54849.05     | 0.05%             | 2049-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| AT&T INC.                                                 | AT&T INC 3.500000% 06/01/2041                                                   | CUSIP: 00206RJZ6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    240000 | PA      | $185143.03    | 0.17%             | 2041-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FINANCE US INC.                                | STELLANTIS FINANCE US INC 144A 5.350000% 03/17/2028                             | CUSIP: 85855CAM2<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201476.67    | 0.18%             | 2028-03-17      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY, INC.                                     | CHENIERE ENERGY INC 144A 5.200000% 07/30/2036                                   | CUSIP: 16411RAP4<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |    125000 | PA      | $123575.30    | 0.11%             | 2036-07-30      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN MA3384                                                       | CUSIP: 31418CXN9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    121184 | PA      | $114618.20    | 0.10%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                              | BX COMMERCIAL MORTGAGE TRUST 2024-AIRC BX 2024-AIRC A                           | CUSIP: 12433CAA3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    234158 | PA      | $234809.73    | 0.21%             | 2041-08-15      | Floating      | 5.35%                 | Yes           |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST                                       | RCKT MORTGAGE TRUST 2025-CES1 RCKT 2025-CES1 A1A                                | CUSIP: 749427AA8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    134189 | PA      | $134932.68    | 0.12%             | 2045-01-25      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| JACKSON FINANCIAL INC.                                    | JACKSON FINANCIAL INC 3.125000% 11/23/2031                                      | CUSIP: 46817MAL1<br>LEI: 213800WXW2KG1N4CO374 | Long             | DBT              | CORP              | US        |    265000 | PA      | $237279.08    | 0.21%             | 2031-11-23      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE OR FREDDIE MAC 30YR TBA (MAY)                                        | CUSIP: 01F032658<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    925000 | PA      | $841876.12    | 0.75%             | 2056-05-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                            | MORGAN STANLEY 4.238000% 01/09/2030                                             | CUSIP: 61748UAR3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    405000 | PA      | $400869.68    | 0.36%             | 2030-01-09      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN FS7252                                                       | CUSIP: 3140XPBW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    558401 | PA      | $552500.21    | 0.49%             | 2053-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN FA5337                                                       | CUSIP: 3140W54X9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    570000 | PA      | $565118.24    | 0.50%             | 2053-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TIME WARNER CABLE, LLC                                    | TIME WARNER CABLE LLC 7.300000% 07/01/2038                                      | CUSIP: 88732JAN8<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |    115000 | PA      | $120248.61    | 0.11%             | 2038-07-01      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Rakuten Group, Inc.                                       | RAKUTEN GROUP INC 144A 9.750000% 04/15/2029                                     | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | NUSS              | JP        |    245000 | PA      | $268767.79    | 0.24%             | 2029-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Citibank National Association                             | CITIBANK NA 5.570000% 04/30/2034                                                | CUSIP: 17325FBG2<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |    170000 | PA      | $176922.65    | 0.16%             | 2034-04-30      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| SMBC AVIATION CAPITAL FINANCE DESIGNATED ACTIVITY COMPANY | SMBC AVIATION CAPITAL FINANCE DAC 144A 5.250000% 11/26/2035                     | CUSIP: 78448TAP7<br>LEI: 549300OD7VKRVNWB2J98 | Long             | DBT              | NUSS              | IE        |    335000 | PA      | $328162.86    | 0.29%             | 2035-11-26      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BANK                                                      | BANK 2022-BNK40 BANK 2022-BNK40 A4                                              | CUSIP: 06541LBG0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    115000 | PA      | $107007.17    | 0.10%             | 2064-03-15      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                                     | FOUNDRY JV HOLDCO LLC 144A 6.100000% 01/25/2036                                 | CUSIP: 350930AH6<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    400000 | PA      | $419910.27    | 0.38%             | 2036-01-25      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| HESS CORPORATION                                          | HESS CORP 6.000000% 01/15/2040                                                  | CUSIP: 42809HAC1<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |    355000 | PA      | $376240.54    | 0.34%             | 2040-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                                        | ROYALTY PHARMA PLC 5.200000% 09/25/2035                                         | CUSIP: 78081BAU7<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | NUSS              | US        |    245000 | PA      | $242756.75    | 0.22%             | 2035-09-25      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST                             | MILL CITY MORTGAGE LOAN TRUST 2021-NMR1 MCMLT 2021-NMR1 A1                      | CUSIP: 59982HAC4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    149059 | PA      | $144226.24    | 0.13%             | 2060-11-25      | Floating      | 1.12%                 | Yes           |                  2 | On Loan: No      |
| ORACLE CORPORATION                                        | ORACLE CORP 3.600000% 04/01/2040                                                | CUSIP: 68389XBW4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    110000 | PA      | $79320.00     | 0.07%             | 2040-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN AL6344                                                       | CUSIP: 3138EPBN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |      4203 | PA      | $4215.60      | 0.00%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN CB4613                                                       | CUSIP: 3140QQDT9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |     97994 | PA      | $94666.29     | 0.08%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC.                                             | NISOURCE INC 5.350000% 04/01/2034                                               | CUSIP: 65473PAQ8<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    245000 | PA      | $250249.87    | 0.22%             | 2034-04-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| B.A.T CAPITAL CORPORATION                                 | BAT CAPITAL CORP 5.350000% 08/15/2032                                           | CUSIP: 05526DCB9<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | GB        |    180000 | PA      | $185042.15    | 0.17%             | 2032-08-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN CB6484                                                       | CUSIP: 3140QSF22<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    407003 | PA      | $411212.66    | 0.37%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN BM5227                                                       | CUSIP: 3140J9YZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |     82351 | PA      | $82797.49     | 0.07%             | 2039-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                          | PARAMOUNT GLOBAL 6.375000% 03/30/2062                                           | CUSIP: 92556HAE7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    470000 | PA      | $364504.60    | 0.33%             | 2062-03-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST                                       | RCKT MORTGAGE TRUST 2025-CES2 RCKT 2025-CES2 A1A                                | CUSIP: 74942BAA9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    139198 | PA      | $139768.60    | 0.12%             | 2055-02-25      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| ANHEUSER-BUSCH COMPANIES, LLC                             | ANHEUSER-BUSCH COS LLC / ANHEUSER-BUSCH INBEV WORL 4.900000% 02/01/2046         | CUSIP: 03522AAJ9<br>LEI: 5493002J2SVENP0PVK27 | Long             | DBT              | CORP              | BE        |    107000 | PA      | $96791.54     | 0.09%             | 2046-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                              | UBS GROUP AG 144A 7.000000% Maturity: Perpetual                                 | CUSIP: 902613BW7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | NUSS              | CH        |    130000 | PA      | $131939.21    | 0.12%             | 2176-07-08      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                               | BANK OF AMERICA CORP 5.468000% 01/23/2035                                       | CUSIP: 06051GMA4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    370000 | PA      | $378015.65    | 0.34%             | 2035-01-23      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC POOL FR SL0620                                                      | CUSIP: 31427MVN8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |    707776 | PA      | $718596.05    | 0.64%             | 2055-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Virginia Electric and Power Company                       | VIRGINIA ELECTRIC AND POWER CO 5.000000% 01/15/2034                             | CUSIP: 927804GP3<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    382000 | PA      | $381469.19    | 0.34%             | 2034-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN CA5968                                                       | CUSIP: 3140QDT20<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    264576 | PA      | $226569.12    | 0.20%             | 2050-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SOUTHERN POWER COMPANY                                    | SOUTHERN POWER CO 4.900000% 10/01/2035                                          | CUSIP: 843646AY6<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |    180000 | PA      | $174309.31    | 0.16%             | 2035-10-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                | GINNIE MAE II POOL G2 MA9016                                                    | CUSIP: 36179YAR5<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |    234430 | PA      | $233509.00    | 0.21%             | 2053-07-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN FS1557                                                       | CUSIP: 3140XGWT2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    791900 | PA      | $736576.73    | 0.66%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY ARIZ INDL DEV AUTH ED REV                   | MARICOPA CNTY AZ INDL DEV AUTH MARICOPA COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY | CUSIP: 56681NJD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $204948.08    | 0.18%             | 2029-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| IHS Holding Limited                                       | IHS HOLDING LTD 144A 5.625000% 11/29/2026                                       | CUSIP: 44963HAA3<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | NUSS              | NG        |    250000 | PA      | $249029.28    | 0.22%             | 2026-11-29      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ARI FLEET LEASE TRUST                                     | ARI FLEET LEASE TRUST 2024-A ARIFL 2024-A A2                                    | CUSIP: 00218KAB9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     27484 | PA      | $27590.69     | 0.02%             | 2032-11-15      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| Dominion Energy, Inc.                                     | DOMINION ENERGY INC 6.625000% 05/15/2055                                        | CUSIP: 25746UDV8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    155000 | PA      | $158525.79    | 0.14%             | 2055-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ATLAS WAREHOUSE LENDING COMPANY, L.P.                     | ATLAS WAREHOUSE LENDING CO LP 144A 4.625000% 11/15/2028                         | CUSIP: 049463AF9<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246836.28    | 0.22%             | 2028-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BFLD TRUST                                                | BFLD COMMERCIAL MORTGAGE TRUST 2025-660F BFLD 2025-660F B                       | CUSIP: 05556QAC3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    190000 | PA      | $190118.75    | 0.17%             | 2042-11-15      | Floating      | 5.45%                 | Yes           |                  2 | On Loan: No      |
| Rzeczpospolita Polska                                     | REPUBLIC OF POLAND 6.125000% 04/14/2056                                         | CUSIP: 857524AL6<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    165000 | PA      | $165448.17    | 0.15%             | 2056-04-14      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                     | FANNIE MAE POOL FN FS2067                                                       | CUSIP: 3140XHJM0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    596205 | PA      | $583792.55    | 0.52%             | 2052-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                               | FREDDIE MAC GOLD POOL FG G61605                                                 | CUSIP: 31335BYA8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |     44597 | PA      | $42510.94     | 0.04%             | 2048-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** THE ADVISORS' INNER CIRCLE III

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

**Title:** Treasurer, Controller and Chief Financial Officer