# EDGAR Filing Document

**Accession Number:** 0001587982
**File Stem:** 0001193125-26-287181
**Filing Date:** 2026-6
**Character Count:** 79253
**Document Hash:** a49621671931f58b12db6e40f0d96fdb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-287181.hdr.sgml**: 20260629

**ACCESSION NUMBER**: 0001193125-26-287181

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260629

**DATE AS OF CHANGE**: 20260629

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Investment Managers Series Trust II
- **CENTRAL INDEX KEY:** 0001587982

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22894
- **FILM NUMBER:** 261131882

**BUSINESS ADDRESS:**
- **STREET 1:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212
- **BUSINESS PHONE:** 414-299-2295

**MAIL ADDRESS:**
- **STREET 1:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212

## Series and Classes Contracts Data

### The Ambassador Fund (Series ID: S000074228)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000231837 | Institutional Class | EMPIX           |
| C000274169 | Class S Shares      | EMPSX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** INVESTMENT MANAGERS SERIES TRUST II

- **b. Investment Company Act file number:** 811-22894

- **c. CIK number of Registrant:** 0001587982

- **d. LEI of Registrant:** 549300SU7ER9OFETRU41

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

  - **Street Address 1:** 235 WEST GALENA STREET

  - **City:** MILWAUKEE

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 532123948

  - **Telephone number:** 4142992000

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

- **a. Name of Series:** The Ambassador Fund

- **b. EDGAR series identifier (if any):** S000074228

- **c. LEI of Series:** 549300DDL54RZT5L9Z07

**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:** $865452008.10

**Total Liabilities:** $27659151.91

**Net Assets:** $837792856.19

**Delayed Delivery Securities:** $26706788.00

**Cash Not Reported:** $26090466.89

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 433.433859734269 | **1-Year:** 2648.371959239779 | **5-Year:** 689.363614956352 | **10-Year:** 30.720578067432 | **30-Year:** 4.757061932568

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000231837 | 0.27%                | 0.47%                | 0.54%                |
| Class ID C000274169 |  | 0.46%                | 0.54%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $83434.53                | $-1702387.27                               |
| Month 2  | $-1918.59                | $-2182644.17                               |
| Month 3  | $707468.41               | $-702201.13                                |

### Schedule of Portfolio Investments

| Name                                          | Title                                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ARMOR RE II LTD                               | Armor RE II Ltd.                                    | CUSIP: 04227FAE5<br>LEI: 549300X573KDIHEJL317 | Long             | DBT              | CORP              | BM        |   4000000 | PA      | $4195600.00   | 0.50%             | 2027-05-07      | Floating      | 10.20%                | Yes           |                  2 | On Loan: No      |
| ARMOR RE II LTD                               | Armor RE II Ltd.                                    | CUSIP: 04227FAF2<br>LEI: 549300X573KDIHEJL317 | Long             | DBT              | CORP              | BM        |   5000000 | PA      | $5261500.00   | 0.63%             | 2028-01-07      | Floating      | 8.50%                 | Yes           |                  2 | On Loan: No      |
| ASHERA RE                                     | Ashera Re                                           | CUSIP: 04401RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $251875.00    | 0.03%             | 2027-04-07      | Floating      | 5.19%                 | Yes           |                  2 | On Loan: No      |
| ATELA RE LTD                                  | Atela Re Ltd.                                       | CUSIP: 04681FAA2<br>LEI: 2549006VU6TMK735XN50 | Long             | DBT              | CORP              | BM        |   4000000 | PA      | $4190400.00   | 0.50%             | 2027-05-09      | Floating      | 14.25%                | Yes           |                  2 | On Loan: No      |
| CHARTWELL RE LTD                              | Chartwell RE Ltd.                                   | CUSIP: 16140YAA0<br>LEI: 984500FFT645KFFE6F50 | Long             | DBT              | CORP              | BM        |   6750000 | PA      | $6938325.00   | 0.83%             | 2028-06-07      | Floating      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CITRUS RE LTD                                 | Citrus Re Ltd.                                      | CUSIP: 177510AL8<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $250750.00    | 0.03%             | 2026-06-07      | Floating      | 6.59%                 | Yes           |                  2 | On Loan: No      |
| CITRUS RE LTD                                 | Citrus Re Ltd.                                      | CUSIP: 177510AM6<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |   3000000 | PA      | $3015000.00   | 0.36%             | 2026-06-07      | Floating      | 8.71%                 | Yes           |                  2 | On Loan: No      |
| EURO FORWARD EMBASSY CONTRACT 11/04/2026   /  | EURO FORWARD EMBASSY CONTRACT 11/04/2026   /        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -6250000 | OU      | $-7382632.57  | -0.88%            |  |  |  | No            |                  2 | On Loan: No      |
| PHOENIX 3 RE PTE LTD                          | Phoenix 3 RE Pte Ltd.                               | CUSIP: 999999999<br>LEI: 254900KZ3HFPS3H5FZ50 | Long             | DBT              | CORP              | SG        |   1000000 | PA      | $1227600.00   | 0.15%             | 2039-01-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AZZURRO RE II DAC                             | Azzurro Re II DAC                                   | CUSIP: G07543AB0<br>LEI: 635400NZWVDIAI82JP08 | Long             | DBT              | CORP              | IE        |   3750000 | PA      | $4459507.04   | 0.53%             | 2028-04-20      | Floating      | 8.52%                 | Yes           |                  2 | On Loan: No      |
| ATLAS CAPITAL DAC                             | Atlas Capital DAC                                   | CUSIP: 049207AA1<br>LEI: 635400CBPJFGGWD2AH20 | Long             | DBT              | CORP              | IE        |    250000 | PA      | $252000.00    | 0.03%             | 2026-06-05      | Floating      | 7.57%                 | Yes           |                  2 | On Loan: No      |
| ATLAS CAPITAL DAC                             | Atlas Capital DAC                                   | CUSIP: 049207AB9<br>LEI: 635400CBPJFGGWD2AH20 | Long             | DBT              | CORP              | IE        |    250000 | PA      | $269150.00    | 0.03%             | 2027-06-08      | Floating      | 12.22%                | Yes           |                  2 | On Loan: No      |
| ATLAS CAPITAL DAC                             | Atlas Capital DAC                                   | CUSIP: 049207AC7<br>LEI: 635400CBPJFGGWD2AH20 | Long             | DBT              | CORP              | IE        |   8000000 | PA      | $8176000.00   | 0.98%             | 2028-06-07      | Floating      | 7.25%                 | Yes           |                  2 | On Loan: No      |
| BAYOU RE LTD                                  | Bayou Re Ltd.                                       | CUSIP: 07304LAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5750000 | PA      | $5969075.00   | 0.71%             | 2027-04-30      | Floating      | 8.33%                 | Yes           |                  2 | On Loan: No      |
| BAYOU RE LTD                                  | Bayou Re Ltd.                                       | CUSIP: 07304LAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5000000 | PA      | $5040500.00   | 0.60%             | 2028-05-08      | Floating      | 7.00%                 | Yes           |                  2 | On Loan: No      |
| BLUE RIDGE RE LTD                             | Blue Ridge Re Ltd.                                  | CUSIP: 096003AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  11000000 | PA      | $11119900.00  | 1.33%             | 2027-01-08      | Floating      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| BLUE RIDGE RE LTD                             | Blue Ridge Re Ltd.                                  | CUSIP: 096003AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $504950.00    | 0.06%             | 2027-01-08      | Floating      | 7.99%                 | Yes           |                  2 | On Loan: No      |
| BLUE RIDGE RE LTD                             | Blue Ridge Re Ltd.                                  | CUSIP: 096003AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   7750000 | PA      | $7826725.00   | 0.93%             | 2029-01-08      | Floating      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| BLUE RIDGE RE LTD                             | Blue Ridge Re Ltd.                                  | CUSIP: 096003AE8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3000000 | PA      | $2934900.00   | 0.35%             | 2029-01-08      | Floating      | 8.00%                 | Yes           |                  2 | On Loan: No      |
| BLUE SKY RE DAC                               | Blue Sky Re DAC                                     | CUSIP: 09605UAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   7000000 | PA      | $8467370.89   | 1.01%             | 2027-01-26      | Floating      | 8.01%                 | Yes           |                  2 | On Loan: No      |
| BRIDGE STREET RE LTD                          | Bridge Street Re Ltd.                               | CUSIP: 10807LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  15250000 | PA      | $15304900.00  | 1.83%             | 2028-01-07      | Floating      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| BRIDGE STREET RE LTD                          | Bridge Street Re Ltd.                               | CUSIP: 10807LAB3<br>LEI: 2549008NKPLMU6X7ID58 | Long             | DBT              | CORP              | BM        |   7000000 | PA      | $7025900.00   | 0.84%             | 2029-01-08      | Floating      | 7.75%                 | Yes           |                  2 | On Loan: No      |
| CAPE LOOKOUT RE LTD                           | Cape Lookout Re Ltd.                                | CUSIP: 13947LAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  10500000 | PA      | $10888500.00  | 1.30%             | 2028-03-13      | Floating      | 6.90%                 | Yes           |                  2 | On Loan: No      |
| CHARLES RIVER RE LTD                          | Charles River Re Ltd.                               | CUSIP: 159873AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2750000 | PA      | $2810225.00   | 0.34%             | 2027-05-10      | Floating      | 7.63%                 | Yes           |                  2 | On Loan: No      |
| CITRUS RE LTD                                 | Citrus Re Ltd.                                      | CUSIP: 177510AT1<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |   5750000 | PA      | $5719525.00   | 0.68%             | 2029-06-07      | Floating      | 2.00%                 | Yes           |                  2 | On Loan: No      |
| EURO FORWARD EMBASSY CONTRACT 11/09/2026   /  | EURO FORWARD EMBASSY CONTRACT 11/09/2026   /        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -1540000 | OU      | $-1819390.37  | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| CAD FORWARD EMBASSY CONTRACT 09/04/26   /     | CAD FORWARD EMBASSY CONTRACT 09/04/26   /           | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | CA        |  -3250000 | OU      | $-2404518.91  | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| EUR FORWARD EMBASSY CONTRACT 09/09/2026   /   | EUR FORWARD EMBASSY CONTRACT 09/09/2026   /         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -1620000 | OU      | $-1911311.98  | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| COMMONWEALTH RE LTD                           | Commonwealth RE Ltd.                                | CUSIP: 203235AB2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3000000 | PA      | $3006000.00   | 0.36%             | 2026-07-08      | Floating      | 3.86%                 | Yes           |                  2 | On Loan: No      |
| EURO FORWARD EMBASSY CONTRACT 11/24/2026   /  | EURO FORWARD EMBASSY CONTRACT 11/24/2026   /        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -3450000 | OU      | $-4077989.89  | -0.49%            |  |  |  | No            |                  2 | On Loan: No      |
| TARANIS REINSURANCE DAC                       | Taranis Reinsurance DAC                             | CUSIP: 87609TAA6<br>LEI: 635400FQ9HHTLYKADZ22 | Long             | DBT              | CORP              | IE        |   1000000 | PA      | $1240610.33   | 0.15%             | 2028-01-21      | Floating      | 11.19%                | Yes           |                  2 | On Loan: No      |
| EUR FORWARD EMBASSY CONTRACT 03/02/2027   /   | EUR FORWARD EMBASSY CONTRACT 03/02/2027   /         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -2040000 | OU      | $-2419410.81  | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| EUR FORWARD EMBASSY CONTRACT 09/11/2026   /   | EUR FORWARD EMBASSY CONTRACT 09/11/2026   /         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -2820000 | OU      | $-3327361.22  | -0.40%            |  |  |  | No            |                  2 | On Loan: No      |
| MMIFS RE Ltd. CAT BOND 01/10/2028   /         | MMIFS RE Ltd. CAT BOND 01/10/2028   /               | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | NUSS              | BM        |   3250000 | PA      | $2390845.85   | 0.29%             | 2028-01-10      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| EVERGLADES RE II LTD                          | Everglades Re II Ltd.                               | CUSIP: 30014LAM6<br>LEI: 5493000EE11S6ONK0372 | Long             | DBT              | CORP              | BM        |   7450000 | PA      | $7509600.00   | 0.90%             | 2027-05-13      | Floating      | 10.50%                | Yes           |                  2 | On Loan: No      |
| EVERGLADES RE II LTD                          | Everglades Re II Ltd.                               | CUSIP: 30014LAT1<br>LEI: 5493000EE11S6ONK0372 | Long             | DBT              | CORP              | BM        |   6000000 | PA      | $6234600.00   | 0.74%             | 2028-05-19      | Floating      | 8.75%                 | Yes           |                  2 | On Loan: No      |
| FINCA RE LTD                                  | Finca RE Ltd.                                       | CUSIP: 31771QAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1521900.00   | 0.18%             | 2028-06-07      | Floating      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| FIRST COAST RE IV LTD                         | First Coast Re IV Ltd.                              | CUSIP: 31969UAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1010600.00   | 0.12%             | 2028-03-10      | Floating      | 6.50%                 | Yes           |                  2 | On Loan: No      |
| HEXAGON IV RE Ltd. CAT VAR RT 01/22/30   /    | HEXAGON IV RE Ltd. CAT VAR RT 01/22/30   /          | CUSIP: 321620868<br>LEI: N/A                  | Long             | DBT              | NUSS              | BM        |   4500000 | PA      | $5308098.59   | 0.63%             | 2030-01-22      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| HEXAGON IV RE Ltd. CAT VAR RT 01/21/28   /    | HEXAGON IV RE Ltd. CAT VAR RT 01/21/28   /          | CUSIP: 321749917<br>LEI: N/A                  | Long             | DBT              | NUSS              | BM        |   4500000 | PA      | $5323415.49   | 0.64%             | 2028-01-21      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| RECOLETOS RE DAC CAT VAR RT 12/08/28   /      | RECOLETOS RE DAC CAT VAR RT 12/08/28   /            | CUSIP: 323065039<br>LEI: N/A                  | Long             | DBT              | NUSS              | IE        |   4500000 | PA      | $5342429.58   | 0.64%             | 2028-12-08      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| PHEONIX 2 RE PTE Ltd. CAT VAR RT 01/04/38   / | PHEONIX 2 RE PTE Ltd. CAT VAR RT 01/04/38   /       | CUSIP: 323877475<br>LEI: N/A                  | Long             | DBT              | NUSS              | SG        |   2000000 | PA      | $2013000.00   | 0.24%             | 2038-01-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FISH POND RE LTD                              | Fish Pond Re Ltd.                                   | CUSIP: 33774EAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   3000000 | PA      | $3033300.00   | 0.36%             | 2027-01-08      | Floating      | 4.02%                 | Yes           |                  2 | On Loan: No      |
| HESTIA RE LTD                                 | Hestia Re Ltd.                                      | CUSIP: 42815KAH5<br>LEI: 549300QRKQ1ZKOXEMZ38 | Long             | DBT              | CORP              | BM        |   3250000 | PA      | $3246750.00   | 0.39%             | 2029-04-16      | Floating      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| HIGH POINT RE LTD                             | High Point Re Ltd.                                  | CUSIP: 429932AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1516950.00   | 0.18%             | 2027-01-06      | Floating      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| HYPATIA LTD                                   | Hypatia Ltd.                                        | CUSIP: 44914CAE6<br>LEI: 98450041F85DB4C2C372 | Long             | DBT              | CORP              | BM        |   8500000 | PA      | $8500000.00   | 1.01%             | 2029-05-14      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| INTEGRITY RE LTD                              | Integrity Re Ltd.                                   | CUSIP: 45833UAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5000000 | PA      | $5040000.00   | 0.60%             | 2026-06-06      | Floating      | 10.55%                | Yes           |                  2 | On Loan: No      |
| INTEGRITY RE III                              | Integrity RE III Ltd.                               | CUSIP: 45870GAA4<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |   1250000 | PA      | $1265125.00   | 0.15%             | 2027-06-06      | Floating      | 8.00%                 | Yes           |                  2 | On Loan: No      |
| INTEGRITY RE III                              | Integrity RE III Ltd.                               | CUSIP: 45870GAB2<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1016100.00   | 0.12%             | 2028-06-06      | Floating      | 8.00%                 | Yes           |                  2 | On Loan: No      |
| INTEGRITY RE III                              | Integrity RE III Ltd.                               | CUSIP: 45870GAH9<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |   7000000 | PA      | $6989500.00   | 0.83%             | 2029-06-07      | Floating      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| INTEGRITY RE III                              | Integrity RE III Ltd.                               | CUSIP: 45870GAJ5<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |   1250000 | PA      | $1248125.00   | 0.15%             | 2029-06-07      | Floating      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| KENDALL RE LTD                                | Kendall Re Ltd.                                     | CUSIP: 48878QAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  10500000 | PA      | $10706850.00  | 1.28%             | 2027-04-30      | Floating      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| KENDALL RE LTD                                | Kendall Re Ltd.                                     | CUSIP: 48878QAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $255700.00    | 0.03%             | 2027-04-30      | Floating      | 7.74%                 | Yes           |                  2 | On Loan: No      |
| KILIMANJARO II RE LTD                         | Kilimanjaro II Re Ltd.                              | CUSIP: 49407QAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $260425.00    | 0.03%             | 2028-06-30      | Floating      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| KILIMANJARO II RE LTD                         | Kilimanjaro II Re Ltd.                              | CUSIP: 49407QAH1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2000000 | PA      | $2093000.00   | 0.25%             | 2028-06-30      | Floating      | 7.25%                 | Yes           |                  2 | On Loan: No      |
| KILIMANJARO II RE LTD                         | Kilimanjaro II Re Ltd.                              | CUSIP: 49407QAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4000000 | PA      | $4032000.00   | 0.48%             | 2029-07-09      | Floating      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| KILIMANJARO II RE LTD                         | Kilimanjaro II Re Ltd.                              | CUSIP: 49407QAK4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2075000 | PA      | $2134760.00   | 0.25%             | 2029-07-09      | Floating      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| KILIMANJARO II RE LTD                         | Kilimanjaro II Re Ltd.                              | CUSIP: 49407QAL2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4750000 | PA      | $4844525.00   | 0.58%             | 2029-07-09      | Floating      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| KILIMANJARO II RE LTD                         | Kilimanjaro II Re Ltd.                              | CUSIP: 49407QAN8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  10000000 | PA      | $10062000.00  | 1.20%             | 2030-07-08      | Floating      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| OCELOT RE LTD                                 | Ocelot Re Ltd.                                      | CUSIP: 675951AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  12250000 | PA      | $12474175.00  | 1.49%             | 2029-02-26      | Floating      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| OCELOT RE LTD                                 | Ocelot Re Ltd.                                      | CUSIP: 675951AC1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5250000 | PA      | $5417475.00   | 0.65%             | 2029-02-26      | Floating      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| 3264 RE LTD                                   | 3264 re Ltd.                                        | CUSIP: 88577CAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1034400.00   | 0.12%             | 2027-07-08      | Floating      | 7.00%                 | Yes           |                  2 | On Loan: No      |
| 3264 RE LTD                                   | 3264 re Ltd.                                        | CUSIP: 88577CAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2500000 | PA      | $2585000.00   | 0.31%             | 2028-02-07      | Floating      | 21.25%                | Yes           |                  2 | On Loan: No      |
| 3264 RE LTD                                   | 3264 re Ltd.                                        | CUSIP: 88577CAG6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1021900.00   | 0.12%             | 2028-06-08      | Floating      | 7.50%                 | Yes           |                  2 | On Loan: No      |
| 3264 RE LTD                                   | 3264 re Ltd.                                        | CUSIP: 88577CAH4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3000000 | PA      | $2986500.00   | 0.36%             | 2029-01-08      | Floating      | 6.50%                 | Yes           |                  2 | On Loan: No      |
| 3264 RE LTD                                   | 3264 re Ltd.                                        | CUSIP: 88577CAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   7250000 | PA      | $7182575.00   | 0.86%             | 2029-01-08      | Floating      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| LION RE DAC                                   | Lion RE DAC                                         | CUSIP: 999999999<br>LEI: 635400VAABXOBOWHZR32 | Long             | DBT              | CORP              | IE        |   2500000 | PA      | $2970657.28   | 0.35%             | 2029-06-15      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| CONSULATE RE 2025-24 PREFERRED NOTE   /       | CONSULATE RE 2025-24 PREFERRED NOTE   /             | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5000000 | PA      | $4949000.00   | 0.59%             | 2026-07-13      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| CONSULATE RE 2025-25 PREFERRED NOTE   /       | CONSULATE RE 2025-25 PREFERRED NOTE   /             | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5000000 | PA      | $4900500.00   | 0.58%             | 2026-07-29      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| CONSULATE RE 2026-10 PREFERRED NOTE   /       | CONSULATE RE 2026-10 PREFERRED NOTE   /             | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  10000000 | PA      | $9541000.00   | 1.14%             | 2026-12-31      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| CONSULATE RE 2026-12 PREFERRED NOTE   /       | CONSULATE RE 2026-12 PREFERRED NOTE   /             | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   6000000 | PA      | $5418000.00   | 0.65%             | 2026-12-31      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| CONSULATE RE 2026-13 PREFERRED NOTE   /       | CONSULATE RE 2026-13 PREFERRED NOTE   /             | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   6000000 | PA      | $4940400.00   | 0.59%             | 2026-12-31      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| CONSULATE RE 2026-15 PREFERRED NOTE   /       | CONSULATE RE 2026-15 PREFERRED NOTE   /             | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5000000 | PA      | $4204500.00   | 0.50%             | 2027-03-31      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| CONSULATE RE 2026-28 PREFERRED NOTE   /       | CONSULATE RE 2026-28 PREFERRED NOTE   /             | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   9780000 | PA      | $9119850.00   | 1.09%             | 2026-12-31      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| CONSULATE RE 2026-29 PREFERRED NOTE   /       | CONSULATE RE 2026-29 PREFERRED NOTE   /             | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4000000 | PA      | $3414800.00   | 0.41%             | 2026-12-31      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| CONSULATE RE 2026-31 PREFERRED NOTE   /       | CONSULATE RE 2026-31 PREFERRED NOTE   /             | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  10000000 | PA      | $9261000.00   | 1.11%             | 2026-12-31      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| ORANGE CAPITAL RE DAC                         | Orange Capital RE DAC                               | CUSIP: 999999999<br>LEI: 635400PXTZAPQFEPH515 | Long             | DBT              | CORP              | IE        |   1250000 | PA      | $1534624.41   | 0.18%             | 2029-01-17      | Floating      | 8.03%                 | Yes           |                  2 | On Loan: No      |
| QUERCUS RE DAC                                | Quercus Re DAC                                      | CUSIP: 999999999<br>LEI: 635400YNKWICCYBDBC76 | Long             | DBT              | CORP              | IE        |   1000000 | PA      | $1206103.29   | 0.14%             | 2027-07-08      | Floating      | 10.02%                | Yes           |                  2 | On Loan: No      |
| WINDMILL III RE DAC                           | Windmill III Re DAC                                 | CUSIP: G96996AA4<br>LEI: 635400PB5AXUZ6R7CT68 | Long             | DBT              | CORP              | IE        |   1000000 | PA      | $1210563.38   | 0.14%             | 2028-07-05      | Floating      | 7.21%                 | Yes           |                  2 | On Loan: No      |
| TARANIS REINSURANCE DAC                       | Taranis Reinsurance DAC                             | CUSIP: 87609TAB4<br>LEI: 635400FQ9HHTLYKADZ22 | Long             | DBT              | CORP              | IE        |   2850000 | PA      | $3406285.21   | 0.41%             | 2028-01-21      | Floating      | 8.51%                 | Yes           |                  2 | On Loan: No      |
| EIFFEL RE LTD                                 | Eiffel Re Ltd.                                      | CUSIP: 999999999<br>LEI: 5493000KHTJQAOS8QP53 | Long             | DBT              | CORP              | BM        |   7500000 | PA      | $8940140.85   | 1.07%             | 2027-01-19      | Floating      | 5.60%                 | Yes           |                  2 | On Loan: No      |
| RESIDENTIAL REIN 2024                         | Residential Reinsurance 2004 Ltd.                   | CUSIP: 76112AAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $1020200.00   | 0.12%             | 2028-12-06      | Floating      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| RESIDENTIAL RE 2022 LTD                       | Residential Reinsurance 2022 Ltd.                   | CUSIP: 76119YAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    875000 | PA      | $885675.00    | 0.11%             | 2026-12-06      | Floating      | 7.59%                 | Yes           |                  2 | On Loan: No      |
| RIVERFRONT RE LTD                             | Riverfront Re Ltd.                                  | CUSIP: 76870YAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1585500.00   | 0.19%             | 2029-01-08      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| SABINE RE LTD                                 | Sabine Re Ltd.                                      | CUSIP: 785628AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2500000 | PA      | $2558750.00   | 0.31%             | 2027-04-07      | Floating      | 8.25%                 | Yes           |                  2 | On Loan: No      |
| SABINE RE LTD                                 | Sabine Re Ltd.                                      | CUSIP: 785628AB4<br>LEI: 254900FU1Z2XK88D3602 | Long             | DBT              | CORP              | BM        |   4250000 | PA      | $4243625.00   | 0.51%             | 2030-04-08      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| SAKURA RE LTD                                 | Sakura RE Ltd.                                      | CUSIP: 79381MAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3000000 | PA      | $2998200.00   | 0.36%             | 2029-04-05      | Floating      | 2.75%                 | Yes           |                  2 | On Loan: No      |
| EUR FORWARD EMBASSY CONTRACT 01/20/2027   /   | EUR FORWARD EMBASSY CONTRACT 01/20/2027   /         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -5068000 | OU      | $-6002163.58  | -0.72%            |  |  |  | No            |                  2 | On Loan: No      |
| SANDERS RE III LTD                            | Sanders Re III Ltd.                                 | CUSIP: 80000YAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3125000 | PA      | $3199375.00   | 0.38%             | 2027-04-07      | Floating      | 6.27%                 | Yes           |                  2 | On Loan: No      |
| SANDERS RE III LTD                            | Sanders Re III Ltd.                                 | CUSIP: 80001QAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $254225.00    | 0.03%             | 2027-04-07      | Floating      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| SANDERS RE II LTD                             | Sanders RE II Ltd.                                  | CUSIP: 80001RAA9<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $253500.00    | 0.03%             | 2029-04-07      | Floating      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| SANDERS RE II LTD                             | Sanders RE II Ltd.                                  | CUSIP: 80001TAB3<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |   8250000 | PA      | $8630325.00   | 1.03%             | 2030-04-08      | Floating      | 4.25%                 | Yes           |                  2 | On Loan: No      |
| SANDERS RE III LTD                            | Sanders Re III Ltd.                                 | CUSIP: 80001UAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2000000 | PA      | $1998800.00   | 0.24%             | 2030-04-08      | Floating      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| SANDERS RE IV LTD                             | Sanders Re IV Ltd.                                  | CUSIP: 80001WAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   8000000 | PA      | $7968000.00   | 0.95%             | 2030-04-08      | Floating      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| SANDERS RE IV LTD                             | Sanders Re IV Ltd.                                  | CUSIP: 80001WAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4250000 | PA      | $4233425.00   | 0.51%             | 2031-04-07      | Floating      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| SOLIS RE LTD                                  | Solis RE Ltd.                                       | CUSIP: 83423TAA9<br>LEI: 98450059AF1FA0FE4B29 | Long             | DBT              | CORP              | BM        |   2000000 | PA      | $2029400.00   | 0.24%             | 2028-07-07      | Floating      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| STABILITAS RE LTD                             | Stabilitas Re Ltd.                                  | CUSIP: 85237TAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    500000 | PA      | $502000.00    | 0.06%             | 2026-06-05      | Floating      | 8.48%                 | Yes           |                  2 | On Loan: No      |
| ABACAB RE LTD                                 | Abacab Re Ltd.                                      | CUSIP: 00258FAA3<br>LEI: 9845002DUR87O96E9B80 | Long             | DBT              | CORP              | BM        |   9250000 | PA      | $9240750.00   | 1.10%             | 2029-04-13      | Floating      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| AQUILA RE LTD 2024-1                          | Aquila Re I Ltd. Series 2024-1                      | CUSIP: 037987AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4000000 | PA      | $4086000.00   | 0.49%             | 2027-06-07      | Floating      | 5.39%                 | Yes           |                  2 | On Loan: No      |
| FOUR LAKES RE LTD                             | Four Lakes Re Ltd.                                  | CUSIP: 35087TAJ7<br>LEI: 549300MG4RRU6DT7MN54 | Long             | DBT              | CORP              | BM        |   3150000 | PA      | $3151260.00   | 0.38%             | 2029-01-08      | Floating      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| GALILEO RE LTD                                | Galileo Re Ltd.                                     | CUSIP: 36354TAN2<br>LEI: 549300MXI75DHMS7JH38 | Long             | DBT              | CORP              | BM        |    500000 | PA      | $515200.00    | 0.06%             | 2028-01-07      | Floating      | 7.00%                 | Yes           |                  2 | On Loan: No      |
| GALILEO RE LTD                                | Galileo Re Ltd.                                     | CUSIP: 36354TAQ5<br>LEI: 549300MXI75DHMS7JH38 | Long             | DBT              | CORP              | BM        |   3750000 | PA      | $3714000.00   | 0.44%             | 2030-01-08      | Floating      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| GALILEO RE LTD                                | Galileo Re Ltd.                                     | CUSIP: 36354TAR3<br>LEI: 549300MXI75DHMS7JH38 | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1474200.00   | 0.18%             | 2030-01-08      | Floating      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| GATEWAY RE LTD                                | Gateway Re Ltd.                                     | CUSIP: 36779CAG1<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1017000.00   | 0.12%             | 2027-07-08      | Floating      | 5.90%                 | Yes           |                  2 | On Loan: No      |
| GATEWAY RE LTD                                | Gateway Re Ltd.                                     | CUSIP: 36779CAM8<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |   3000000 | PA      | $3003000.00   | 0.36%             | 2028-07-07      | Floating      | 4.25%                 | Yes           |                  2 | On Loan: No      |
| GATEWAY RE LTD                                | Gateway Re Ltd.                                     | CUSIP: 36779CAN6<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |   3557000 | PA      | $3627428.60   | 0.43%             | 2027-07-07      | Floating      | 9.50%                 | Yes           |                  2 | On Loan: No      |
| GATEWAY RE LTD                                | Gateway Re Ltd.                                     | CUSIP: 36779CAS5<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1032700.00   | 0.12%             | 2028-07-07      | Floating      | 7.00%                 | Yes           |                  2 | On Loan: No      |
| GATEWAY RE LTD                                | Gateway Re Ltd.                                     | CUSIP: 36779CAU0<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |   4000000 | PA      | $3994000.00   | 0.48%             | 2029-07-06      | Floating      | 2.00%                 | Yes           |                  2 | On Loan: No      |
| GATEWAY RE LTD                                | Gateway Re Ltd.                                     | CUSIP: 36779CAV8<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |    750000 | PA      | $748875.00    | 0.09%             | 2029-07-06      | Floating      | 2.00%                 | Yes           |                  2 | On Loan: No      |
| GENESEE STREET RE LTD                         | Genesee Street Re Ltd.                              | CUSIP: 37173WAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   6000000 | PA      | $6025800.00   | 0.72%             | 2028-04-07      | Floating      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| FUCHSIA 2024-1 LONDON BR                      | Fuchsia 2024-1 - London Bridge 2 PCC Ltd.           | CUSIP: 541917AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $2046600.00   | 0.24%             | 2028-04-06      | Floating      | 5.14%                 | Yes           |                  2 | On Loan: No      |
| LOWER FERRY RE LTD                            | Lower Ferry Re Ltd.                                 | CUSIP: 547915AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $250975.00    | 0.03%             | 2026-07-08      | Floating      | 4.65%                 | Yes           |                  2 | On Loan: No      |
| MARLON LTD                                    | Marlon Ltd.                                         | CUSIP: 571253AA1<br>LEI: 98450044CD0YE4DAFC06 | Long             | DBT              | CORP              | BM        |   1750000 | PA      | $1816675.00   | 0.22%             | 2027-06-07      | Floating      | 7.31%                 | Yes           |                  2 | On Loan: No      |
| MATTERHORN RE LTD                             | Matterhorn Re Ltd.                                  | CUSIP: 577092AW9<br>LEI: 549300QRZ77PO1BYWT39 | Long             | DBT              | CORP              | BM        |   2000000 | PA      | $2010600.00   | 0.24%             | 2028-02-04      | Floating      | 7.00%                 | Yes           |                  2 | On Loan: No      |
| MATTERHORN RE LTD                             | Matterhorn Re Ltd.                                  | CUSIP: 577092AX7<br>LEI: 549300QRZ77PO1BYWT39 | Long             | DBT              | CORP              | BM        |   3000000 | PA      | $2966700.00   | 0.35%             | 2028-02-04      | Floating      | 12.25%                | Yes           |                  2 | On Loan: No      |
| MATTERHORN RE LTD                             | Matterhorn Re Ltd.                                  | CUSIP: 577092BC2<br>LEI: 549300QRZ77PO1BYWT39 | Long             | DBT              | CORP              | BM        |   2500000 | PA      | $2466250.00   | 0.29%             | 2029-02-16      | Floating      | 11.75%                | Yes           |                  2 | On Loan: No      |
| MATTERHORN RE LTD                             | Matterhorn Re Ltd.                                  | CUSIP: 577092BD0<br>LEI: 549300QRZ77PO1BYWT39 | Long             | DBT              | CORP              | BM        |   2500000 | PA      | $2460250.00   | 0.29%             | 2029-02-16      | Floating      | 15.00%                | Yes           |                  2 | On Loan: No      |
| MAYFLOWER RE LTD                              | Mayflower Re Ltd.                                   | CUSIP: 57839MAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2250000 | PA      | $2290500.00   | 0.27%             | 2028-07-07      | Floating      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| MEADOWS LTD                                   | Meadows Ltd.                                        | CUSIP: 58320RAA9<br>LEI: 254900W9CHL6SO5U0P81 | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1446450.00   | 0.17%             | 2029-12-07      | Floating      | 12.25%                | Yes           |                  2 | On Loan: No      |
| MEADOWS LTD                                   | Meadows Ltd.                                        | CUSIP: 58320RAB7<br>LEI: 254900W9CHL6SO5U0P81 | Long             | DBT              | CORP              | BM        |   2250000 | PA      | $2159325.00   | 0.26%             | 2029-12-07      | Floating      | 11.50%                | Yes           |                  2 | On Loan: No      |
| MONTOYA RE LTD                                | Montoya Re Ltd.                                     | CUSIP: 613752AH7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   9500000 | PA      | $9578850.00   | 1.14%             | 2030-04-09      | Floating      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| MYSTIC RE IV LTD                              | Mystic Re IV Ltd.                                   | CUSIP: 62865LAF4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3000000 | PA      | $3017400.00   | 0.36%             | 2028-01-10      | Floating      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| MYSTIC RE IV LTD                              | Mystic Re IV Ltd.                                   | CUSIP: 62865LAJ6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3500000 | PA      | $3477250.00   | 0.42%             | 2029-01-08      | Floating      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| NAKAMA RE PTE LTD                             | Nakama Re Pte Ltd.                                  | CUSIP: 62984JAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   2500000 | PA      | $2496500.00   | 0.30%             | 2030-04-23      | Floating      | 2.10%                 | Yes           |                  2 | On Loan: No      |
| NATURE COAST RE LTD                           | Nature Coast Re Ltd.                                | CUSIP: 63901CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4150000 | PA      | $4189840.00   | 0.50%             | 2026-12-07      | Floating      | 10.00%                | Yes           |                  2 | On Loan: No      |
| NATURE COAST RE LTD                           | Nature Coast Re Ltd.                                | CUSIP: 63901CAF8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2500000 | PA      | $2495750.00   | 0.30%             | 2030-02-26      | Floating      | 8.00%                 | Yes           |                  2 | On Loan: No      |
| NORTHSHORE RE II LTD                          | Northshore Re II Ltd.                               | CUSIP: 666842AF6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   7500000 | PA      | $7500000.00   | 0.90%             | 2028-04-07      | Floating      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| 1886 RE LTD                                   | 1886 Re Ltd.                                        | CUSIP: 68252UAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   7250000 | PA      | $7478375.00   | 0.89%             | 2029-07-09      | Floating      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| PALM RE LTD                                   | Palm RE Ltd.                                        | CUSIP: 69664FAC2<br>LEI: 984500D3C66DA10DAP11 | Long             | DBT              | CORP              | BM        |  10000000 | PA      | $9995000.00   | 1.19%             | 2029-06-07      | Floating      | 2.00%                 | Yes           |                  2 | On Loan: No      |
| MEADOWS LTD                                   | Meadows Ltd.                                        | CUSIP: 58320RAC5<br>LEI: 254900W9CHL6SO5U0P81 | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1488150.00   | 0.18%             | 2029-12-07      | Floating      | 7.50%                 | Yes           |                  2 | On Loan: No      |
| MERITAGE RE LTD                               | Meritage RE Ltd.                                    | CUSIP: 59002JAA0<br>LEI: 254900TG8PO2J3ZD4Q82 | Long             | DBT              | CORP              | BM        |   6250000 | PA      | $6168125.00   | 0.74%             | 2029-03-08      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| PURPLE RE LTD                                 | Purple Re Ltd.                                      | CUSIP: 74639NAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1500000 | PA      | $1558350.00   | 0.19%             | 2028-06-07      | Floating      | 7.25%                 | Yes           |                  2 | On Loan: No      |
| EUR FORWARD EMBASSY CONTRACT 03/10/2027   /   | EUR FORWARD EMBASSY CONTRACT 03/10/2027   /         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -2035000 | OU      | $-2414141.05  | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| EURO FORWARD EMBASSY CONTRACT 06/09/2026   /  | EURO FORWARD EMBASSY CONTRACT 06/09/2026   /        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -3348000 | OU      | $-3936816.53  | -0.47%            |  |  |  | No            |                  2 | On Loan: No      |
| HESTIA RE LTD                                 | Hestia Re Ltd.                                      | CUSIP: 42815KAC6<br>LEI: 549300QRKQ1ZKOXEMZ38 | Long             | DBT              | CORP              | BM        |   1250000 | PA      | $1261750.00   | 0.15%             | 2028-03-13      | Floating      | 6.75%                 | Yes           |                  2 | On Loan: No      |
| TORREY PINES RE LTD                           | Torrey Pines Re Ltd.                                | CUSIP: 89141WAP7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   7500000 | PA      | $7500000.00   | 0.90%             | 2029-06-07      | Floating      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| TREMONT RE LTD                                | Tremont Re Ltd.                                     | CUSIP: 89479VAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4500000 | PA      | $4486050.00   | 0.54%             | 2029-03-22      | Floating      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| EUR FORWARD EMBASSY CONTRACT 01/20/2027   /   | EUR FORWARD EMBASSY CONTRACT 01/20/2027   /         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -2250000 | OU      | $-2664733.24  | -0.32%            |  |  |  | No            |                  2 | On Loan: No      |
| EUR FORWARD EMBASSY CONTRACT 10/13/2026   /   | EUR FORWARD EMBASSY CONTRACT 10/13/2026   /         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -3150000 | OU      | $-3721432.59  | -0.44%            |  |  |  | No            |                  2 | On Loan: No      |
| EURO FORWARD EMBASSY CONTRACT 11/02/2026   /  | EURO FORWARD EMBASSY CONTRACT 11/02/2026   /        | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -2000000 | OU      | $-2362281.57  | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| TURRIS RE LTD                                 | Turris RE Ltd.                                      | CUSIP: 900442AA2<br>LEI: 254900AYLTVDMB8FO181 | Long             | DBT              | CORP              | BM        |   4000000 | PA      | $4007600.00   | 0.48%             | 2029-01-08      | Floating      | 2.40%                 | Yes           |                  2 | On Loan: No      |
| URSA RE LTD                                   | Ursa Re Ltd.                                        | CUSIP: 90323WAP5<br>LEI: 549300O8X4DWGDJZ6W59 | Long             | DBT              | CORP              | BM        |   3750000 | PA      | $3801375.00   | 0.45%             | 2026-12-07      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| VERAISON RE LTD                               | Veraison Re Ltd.                                    | CUSIP: 92335TAD1<br>LEI: 2549007WYB39A966J434 | Long             | DBT              | CORP              | BM        |   1250000 | PA      | $1257250.00   | 0.15%             | 2028-03-08      | Floating      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| VERAISON RE LTD                               | Veraison Re Ltd.                                    | CUSIP: 92335TAF6<br>LEI: 2549007WYB39A966J434 | Long             | DBT              | CORP              | BM        |   5250000 | PA      | $5265750.00   | 0.63%             | 2029-03-08      | Floating      | 2.90%                 | Yes           |                  2 | On Loan: No      |
| WINDROSE RE LTD                               | Windrose Re Ltd.                                    | CUSIP: 972917AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3000000 | PA      | $3016500.00   | 0.36%             | 2029-02-13      | Floating      | 8.00%                 | Yes           |                  2 | On Loan: No      |
| WINDROSE RE LTD                               | Windrose Re Ltd.                                    | CUSIP: 972917AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3000000 | PA      | $3018000.00   | 0.36%             | 2029-02-13      | Floating      | 12.25%                | Yes           |                  2 | On Loan: No      |
| WINSTON RE LTD                                | Winston RE Ltd.                                     | CUSIP: 975660AA9<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | BM        |   2000000 | PA      | $2070800.00   | 0.25%             | 2027-02-26      | Floating      | 10.21%                | Yes           |                  2 | On Loan: No      |
| WINSTON RE LTD                                | Winston RE Ltd.                                     | CUSIP: 975660AC5<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | BM        |   3250000 | PA      | $3304600.00   | 0.39%             | 2028-02-21      | Floating      | 6.50%                 | Yes           |                  2 | On Loan: No      |
| WINSTON RE LTD                                | Winston RE Ltd.                                     | CUSIP: 975660AD3<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | BM        |   3500000 | PA      | $3500000.00   | 0.42%             | 2029-05-04      | Floating      | 0.50%                 | Yes           |                  2 | On Loan: No      |
| WINSTON RE LTD                                | Winston RE Ltd.                                     | CUSIP: 975660AF8<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | BM        |   5000000 | PA      | $5000000.00   | 0.60%             | 2029-05-04      | Floating      | 0.50%                 | Yes           |                  2 | On Loan: No      |
| WRIGLEY RE LTD                                | Wrigley Re Ltd.                                     | CUSIP: 982533AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1006000.00   | 0.12%             | 2026-08-07      | Floating      | 6.23%                 | Yes           |                  2 | On Loan: No      |
| WRIGLEY RE LTD                                | Wrigley Re Ltd.                                     | CUSIP: 982533AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $252200.00    | 0.03%             | 2026-08-07      | Floating      | 6.70%                 | Yes           |                  2 | On Loan: No      |
| YOSEMITE RE LTD                               | Yosemite Re Ltd.                                    | CUSIP: 98740RAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1043400.00   | 0.12%             | 2028-06-07      | Floating      | 7.25%                 | Yes           |                  2 | On Loan: No      |
| EURO FORWARD EMBASSY CONTRACT 7/14/2026   /   | EURO FORWARD EMBASSY CONTRACT 7/14/2026   /         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -2000000 | OU      | $-2355204.02  | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| CONSULATE RE 2026-32 PREFERRED NOTE   /       | CONSULATE RE 2026-32 PREFERRED NOTE   /             | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2083333 | PA      | $1816874.71   | 0.22%             | 2026-12-31      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| CONSULATE RE 2026-37 PREFERRED NOTE   /       | CONSULATE RE 2026-37 PREFERRED NOTE   /             | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   7500000 | PA      | $6526500.00   | 0.78%             | 2026-12-15      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| CONSULATE RE 2026-38 PREFERRED NOTE   /       | CONSULATE RE 2026-38 PREFERRED NOTE   /             | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  10000000 | PA      | $9538000.00   | 1.14%             | 2027-02-28      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| CONSULATE RE 2026-39 PREFERRED NOTE   /       | CONSULATE RE 2026-39 PREFERRED NOTE   /             | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  10000000 | PA      | $8742000.00   | 1.04%             | 2026-12-15      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| CONSULATE RE 2026-3A PREFERRED NOTE   /       | CONSULATE RE 2026-3A PREFERRED NOTE   /             | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  10000000 | PA      | $9233000.00   | 1.10%             | 2026-12-31      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| MERNA RE COMPANYWIDE                          | Merna Re Co.wide Ltd.                               | CUSIP: 59013FAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   6920000 | PA      | $7176040.00   | 0.86%             | 2028-07-07      | Floating      | 7.00%                 | Yes           |                  2 | On Loan: No      |
| MERNA RE ENTERPRISE                           | Merna Re Enterprise Ltd.                            | CUSIP: 59013HAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3500000 | PA      | $3582250.00   | 0.43%             | 2028-07-07      | Floating      | 7.75%                 | Yes           |                  2 | On Loan: No      |
| MERNA REINSURANCE II LTD                      | Merna Reinsurance II Ltd.                           | CUSIP: 59013MAH5<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |   9500000 | PA      | $9604500.00   | 1.15%             | 2026-07-07      | Floating      | 7.75%                 | Yes           |                  2 | On Loan: No      |
| MERNA REINSURANCE II LTD                      | Merna Reinsurance II Ltd.                           | CUSIP: 59013MAJ1<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $253650.00    | 0.03%             | 2026-07-07      | Floating      | 10.74%                | Yes           |                  2 | On Loan: No      |
| MERNA REINSURANCE II LTD                      | Merna Reinsurance II Ltd.                           | CUSIP: 59013MAK8<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |   2750000 | PA      | $2829750.00   | 0.34%             | 2027-07-07      | Floating      | 7.47%                 | Yes           |                  2 | On Loan: No      |
| MERNA REINSURANCE II LTD                      | Merna Reinsurance II Ltd.                           | CUSIP: 59013MAL6<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $257125.00    | 0.03%             | 2027-07-07      | Floating      | 8.75%                 | Yes           |                  2 | On Loan: No      |
| MERNA REINSURANCE II LTD                      | Merna Reinsurance II Ltd.                           | CUSIP: 59013MAM4<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |   2250000 | PA      | $2310975.00   | 0.28%             | 2027-07-07      | Floating      | 8.50%                 | Yes           |                  2 | On Loan: No      |
| MONTOYA RE LTD                                | Montoya Re Ltd.                                     | CUSIP: 613752AD6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   7500000 | PA      | $7490250.00   | 0.89%             | 2028-04-07      | Floating      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| MONTOYA RE LTD                                | Montoya Re Ltd.                                     | CUSIP: 613752AE4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4250000 | PA      | $4365175.00   | 0.52%             | 2028-04-07      | Floating      | 6.61%                 | Yes           |                  2 | On Loan: No      |
| MONTOYA RE LTD                                | Montoya Re Ltd.                                     | CUSIP: 613752AF1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   6000000 | PA      | $6006000.00   | 0.72%             | 2030-04-09      | Floating      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| MONTOYA RE LTD                                | Montoya Re Ltd.                                     | CUSIP: 613752AG9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4000000 | PA      | $3904800.00   | 0.47%             | 2030-04-09      | Floating      | 12.50%                | Yes           |                  2 | On Loan: No      |
| CONSULATE RE 2026-41 PREFERRED NOTE   /       | CONSULATE RE 2026-41 PREFERRED NOTE   /             | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   7500000 | PA      | $6526500.00   | 0.78%             | 2026-12-15      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| CONSULATE RE 2026-9A PREFERRED NOTE   /       | CONSULATE RE 2026-9A PREFERRED NOTE   /             | CUSIP: 999999999<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  10000000 | PA      | $8545000.00   | 1.02%             | 2026-12-31      | Floating      | 0.00%                 | Yes           |                  3 | On Loan: No      |
| EURO CURRENCY  /                              | EURO CURRENCY  /                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             | STIV             |  | XX        |      1687 | OU      | $1980.08      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio                 | Fidelity Government Portfolio - Class Institutional | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |  62124221 | PA      | $62124221.00  | 7.42%             |  |  |  | No            |                  1 | On Loan: No      |
| EUR FORWARD EMBASSY CONTRACT 05/26/2026   /   | EUR FORWARD EMBASSY CONTRACT 05/26/2026   /         | CUSIP: 999999999<br>LEI: N/A                  | N/A              | DFE              |  | XX        |  -2500000 | OU      | $-2937858.42  | -0.35%            |  |  |  | No            |                  2 | On Loan: No      |
| MONA LISA RE LTD                              | Mona Lisa Re Ltd.                                   | CUSIP: 608800AH1<br>LEI: 549300R6SO6XBFDC7M25 | Long             | DBT              | CORP              | BM        |   7250000 | PA      | $7590025.00   | 0.91%             | 2027-06-25      | Floating      | 9.75%                 | Yes           |                  2 | On Loan: No      |
| MONA LISA RE LTD                              | Mona Lisa Re Ltd.                                   | CUSIP: 608800AL2<br>LEI: 549300R6SO6XBFDC7M25 | Long             | DBT              | CORP              | BM        |  14000000 | PA      | $14084000.00  | 1.68%             | 2031-01-08      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| FOUNDATION RE IV LTD                          | Foundation Re IV Ltd.                               | CUSIP: 349939AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  16750000 | PA      | $17016325.00  | 2.03%             | 2027-01-08      | Floating      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| FOUNDATION RE IV LTD                          | Foundation Re IV Ltd.                               | CUSIP: 349939AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   5750000 | PA      | $5764950.00   | 0.69%             | 2030-01-07      | Floating      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| FOUR LAKES RE LTD                             | Four Lakes Re Ltd.                                  | CUSIP: 35087TAE8<br>LEI: 549300MG4RRU6DT7MN54 | Long             | DBT              | CORP              | BM        |    250000 | PA      | $252575.00    | 0.03%             | 2027-01-07      | Floating      | 5.80%                 | Yes           |                  2 | On Loan: No      |
| FOUR LAKES RE LTD                             | Four Lakes Re Ltd.                                  | CUSIP: 35087TAG3<br>LEI: 549300MG4RRU6DT7MN54 | Long             | DBT              | CORP              | BM        |   6000000 | PA      | $6109200.00   | 0.73%             | 2028-01-07      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| KILIMANJARO II RE LTD                         | Kilimanjaro II Re Ltd.                              | CUSIP: 49407QAQ1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4000000 | PA      | $4089600.00   | 0.49%             | 2030-07-08      | Floating      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| LOCKE TAVERN RE LTD                           | Locke Tavern Re Ltd.                                | CUSIP: 539694AB5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   6000000 | PA      | $5982000.00   | 0.71%             | 2029-04-09      | Floating      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| FUCHSIA 2025-1 LONDON BR                      | Fuchsia 2025-1 - London Bridge 2 PCC Ltd.           | CUSIP: 54180EAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3500000 | PA      | $3471650.00   | 0.41%             | 2029-04-06      | Floating      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| MATTERHORN RE LTD                             | Matterhorn Re Ltd.                                  | CUSIP: 577092AZ2<br>LEI: 549300QRZ77PO1BYWT39 | Long             | DBT              | CORP              | BM        |   1750000 | PA      | $1750175.00   | 0.21%             | 2028-09-22      | Floating      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| RECOLETOS RE DAC                              | Recoletos RE DAC                                    | CUSIP: 755933AA6<br>LEI: 635400FIY9UG8ZHKYH56 | Long             | DBT              | CORP              | IE        |  10950000 | PA      | $10946715.00  | 1.31%             | 2028-01-07      | Floating      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| RESIDENTIAL RE 2023 LTD                       | Residential Reinsurance 2023 Ltd.                   | CUSIP: 76090WAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   6750000 | PA      | $6993675.00   | 0.83%             | 2027-12-06      | Floating      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| RESIDENTIAL REINSUR 2025                      | Residential Reinsurance 2025 Ltd.                   | CUSIP: 76091DAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   7750000 | PA      | $7951500.00   | 0.95%             | 2029-06-06      | Floating      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| RESIDENTIAL REINSUR 2025                      | Residential Reinsurance 2025 Ltd.                   | CUSIP: 76091JAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   3000000 | PA      | $2960400.00   | 0.35%             | 2029-12-06      | Floating      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| TOMONI RE PTE LTD                             | Tomoni Re Pte Ltd.                                  | CUSIP: 89009PAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3000000 | PA      | $3041400.00   | 0.36%             | 2028-04-05      | Floating      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| TOPANGA RE LIMITED                            | Topanga Re Ltd.                                     | CUSIP: 89055TAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   9750000 | PA      | $9694425.00   | 1.16%             | 2030-01-07      | Floating      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| TORREY PINES RE LTD                           | Torrey Pines Re Ltd.                                | CUSIP: 89141WAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4275000 | PA      | $4283122.50   | 0.51%             | 2026-06-05      | Floating      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| TORREY PINES RE LTD                           | Torrey Pines Re Ltd.                                | CUSIP: 89141WAL6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4125000 | PA      | $4206675.00   | 0.50%             | 2028-06-07      | Floating      | 3.75%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-13

**Name of Applicant:** INVESTMENT MANAGERS SERIES TRUST II

**Signature:** /s/ Scott Schulenburg

**Name of Signer:** Scott Schulenburg

**Title:** President