# EDGAR Filing Document

**Accession Number:** 0001581005
**File Stem:** 0001193125-25-336557
**Filing Date:** 2025-12
**Character Count:** 120781
**Document Hash:** 196a90932abb5881c138ed55a0710e0d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-336557.hdr.sgml**: 20251230

**ACCESSION NUMBER**: 0001193125-25-336557

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251230

**DATE AS OF CHANGE**: 20251230

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Stone Ridge Trust II
- **CENTRAL INDEX KEY:** 0001581005

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22870
- **FILM NUMBER:** 251613283

**BUSINESS ADDRESS:**
- **STREET 1:** ONE VANDERBILT AVENUE
- **STREET 2:** 65TH FL.
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** (855) 609-3680

**MAIL ADDRESS:**
- **STREET 1:** ONE VANDERBILT AVENUE
- **STREET 2:** 65TH FL.
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Stone Ridge Trust II

- **b. Investment Company Act file number:** 811-22870

- **c. CIK number of Registrant:** 0001581005

- **d. LEI of Registrant:** 549300LQ130PDFGL9N50

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

  - **Street Address 1:** One Vanderbilt Ave

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10017

  - **Telephone number:** 833-612-1912

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

- **a. Name of Series:** Stone Ridge Reinsurance Risk Premium Interval Fund

- **c. LEI of Series:** 549300LQ130PDFGL9N50

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

- **a. Date of fiscal year-end:** 2025-10-31

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

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1414104415.86

**Total Liabilities:** $4709435.64

**Net Assets:** $1409394980.22

**Amount of Assets Invested in Other Investment Companies:** $38420507.19

**Delayed Delivery Securities:** $1612523.23

**Cash Not Reported:** $19676036.67

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

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 4.31%                | 4.29%                | 4.72%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $67669.67                | $27750191.44                               |
| Month 2  | $-85233.09               | $52934356.30                               |
| Month 3  | $10605077.97             | $49976296.81                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Citrus Re Ltd.                                       | Citrus Re 2024-1 Class B                        | CUSIP: 177510AP9<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |    508000 | PA      | $545261.80    | 0.04%             | 2027-06-07      | Floating      | 14.34%                | Yes           |                  2 | On Loan: No      |
| Everglades Re II Ltd.                                | Everglades Re II 2025-1 Class D                 | CUSIP: 30014LAW4<br>LEI: 5493000EE11S6ONK0372 | Long             | DBT              | CORP              | BM        |   1418000 | PA      | $1509602.80   | 0.11%             | 2028-05-19      | Floating      | 16.94%                | Yes           |                  2 | On Loan: No      |
| Residential Reinsurance 2024 Limited                 | Residential Re 2024-II Class 4                  | CUSIP: 76112AAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    888000 | PA      | $923475.60    | 0.07%             | 2028-12-06      | Floating      | 9.41%                 | Yes           |                  2 | On Loan: No      |
| Residential Re 2021 Limited                          | Residential Re 2021-II Class 3                  | CUSIP: 76114NAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $999850.00    | 0.07%             | 2025-12-08      | Floating      | 9.81%                 | Yes           |                  2 | On Loan: No      |
| Emerald Lake (Artex Segregated Account Company)      | Emerald Lake (Artex Segregated Account Company) | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    504899 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Greenshoots Re Ltd. Segregated Account 2025-B        | Greenshoots Re 2025-B                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     10000 | NS      | $11854305.75  | 0.84%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Eden Re II Segregated Account 2022-1                 | Eden Re II 2022-1 Class B                       | CUSIP: 27955KAB9<br>LEI: 549300LKX8PCP3SC3F42 | Long             | DBT              | CORP              | BM        |     19608 | PA      | $39651.69     | 0.00%             | 2026-03-20      | Fixed         | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Galileo Re Ltd.                                      | Galileo Re 2023-1 Class A                       | CUSIP: 36354TAN2<br>LEI: 549300MXI75DHMS7JH38 | Long             | DBT              | CORP              | BM        |   1313000 | PA      | $1377533.95   | 0.10%             | 2028-01-07      | Floating      | 10.90%                | Yes           |                  2 | On Loan: No      |
| Gateway Re Ltd.                                      | Gateway Re 2023-1 Class A                       | CUSIP: 36779CAC0<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |   2215000 | PA      | $2278459.75   | 0.16%             | 2026-02-24      | Floating      | 17.88%                | Yes           |                  2 | On Loan: No      |
| Gateway Re Ltd.                                      | Gateway Re 2025-1 Class AA                      | CUSIP: 36779CAP1<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |    688000 | PA      | $680672.80    | 0.05%             | 2025-12-22      | Floating      | 3.90%                 | Yes           |                  2 | On Loan: No      |
| Gateway Re II Ltd.                                   | Gateway Re II 2023-1 Class A                    | CUSIP: 367927AA8<br>LEI: 5493000ENKV5WXNA8Z86 | Long             | DBT              | CORP              | BM        |    608000 | PA      | $623321.60    | 0.04%             | 2026-04-27      | Floating      | 13.51%                | Yes           |                  2 | On Loan: No      |
| Genesee Street Re Ltd.                               | Genesee Street Re 2025-1 Class A                | CUSIP: 37173WAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    766000 | PA      | $776111.20    | 0.06%             | 2028-04-07      | Floating      | 7.19%                 | Yes           |                  2 | On Loan: No      |
| Torrey Pines Re Ltd                                  | Torrey Pines Re 2023-1 Class A                  | CUSIP: 89141WAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1132000 | PA      | $1146093.40   | 0.08%             | 2026-06-05      | Floating      | 9.21%                 | Yes           |                  2 | On Loan: No      |
| Torrey Pines Re Ltd                                  | Torrey Pines Re 2024-1 Class C                  | CUSIP: 89141WAK8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    598000 | PA      | $606431.80    | 0.04%             | 2026-06-05      | Floating      | 13.28%                | Yes           |                  2 | On Loan: No      |
| Torrey Pines Re Ltd                                  | Torrey Pines Re 2025-1 Class A                  | CUSIP: 89141WAL6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    913000 | PA      | $934683.75    | 0.07%             | 2028-06-07      | Floating      | 7.65%                 | Yes           |                  2 | On Loan: No      |
| Torrey Pines Re Ltd                                  | Torrey Pines Re 2025-1 Class C                  | CUSIP: 89141WAN2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    913000 | PA      | $930210.05    | 0.07%             | 2028-06-07      | Floating      | 10.40%                | Yes           |                  2 | On Loan: No      |
| Ursa Re Ltd.                                         | Ursa Re 2023-3 Class D                          | CUSIP: 90323WAQ3<br>LEI: 549300O8X4DWGDJZ6W59 | Long             | DBT              | CORP              | BM        |   2614000 | PA      | $2714246.90   | 0.19%             | 2026-12-07      | Floating      | 12.65%                | Yes           |                  2 | On Loan: No      |
| Trouvaille Re Ltd.                                   | Trouvaille Re Ltd.                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |       135 | NS      | $36132702.20  | 2.56%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Kizuna Re III Pte. Ltd.                              | Kizuna Re III 2024-1 Class A                    | CUSIP: 49835JAB2<br>LEI: 984500004749BBB42B88 | Long             | DBT              | CORP              | SG        |    266000 | PA      | $270402.30    | 0.02%             | 2029-04-09      | Floating      | 6.69%                 | Yes           |                  2 | On Loan: No      |
| Stabilitas Re Ltd.                                   | Stabilitas Re 2023-1 Class A                    | CUSIP: 85237TAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    336000 | PA      | $346298.40    | 0.02%             | 2026-06-05      | Floating      | 12.38%                | Yes           |                  2 | On Loan: No      |
| Titania Re Ltd.                                      | Titania Re 2024-1 Class A                       | CUSIP: 888329AE9<br>LEI: 5493008E73M6FH2NSB56 | Long             | DBT              | CORP              | BM        |    566000 | PA      | $581904.60    | 0.04%             | 2027-11-26      | Floating      | 10.15%                | Yes           |                  2 | On Loan: No      |
| Taranis Reinsurance DAC                              | Taranis Re DAC 2023-1 Class A                   | CUSIP: 000000000<br>LEI: 635400FQ9HHTLYKADZ22 | Long             | DBT              | CORP              | IE        |    257000 | PA      | $302391.28    | 0.02%             | 2028-01-21      | Floating      | 11.00%                | Yes           |                  2 | On Loan: No      |
| IBRD                                                 | IBRD CAR 132 Class A                            | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | CORP              | US        |   1865000 | PA      | $1906496.25   | 0.14%             | 2028-04-24      | Floating      | 7.90%                 | Yes           |                  2 | On Loan: No      |
| IBRD                                                 | IBRD CAR 133 Class B                            | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | CORP              | US        |    651000 | PA      | $658161.00    | 0.05%             | 2028-04-24      | Floating      | 14.90%                | Yes           |                  2 | On Loan: No      |
| London Bridge 2 PCC Limited                          | Vision 2039 2025-1 Class A                      | CUSIP: YQ2208250<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    996000 | PA      | $1296863.41   | 0.09%             | 2028-04-06      | Floating      | 9.70%                 | Yes           |                  2 | On Loan: No      |
| Alamo Re Ltd.                                        | Alamo Re 2024-1 Class A                         | CUSIP: 011395AN0<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |   3865000 | PA      | $4081246.75   | 0.29%             | 2027-06-07      | Floating      | 10.44%                | Yes           |                  2 | On Loan: No      |
| Armor Re II Ltd.                                     | Armor Re II 2024-1 Class A                      | CUSIP: 04227FAE5<br>LEI: 549300X573KDIHEJL317 | Long             | DBT              | CORP              | BM        |   1321000 | PA      | $1430510.90   | 0.10%             | 2027-05-07      | Floating      | 14.10%                | Yes           |                  2 | On Loan: No      |
| Bayou Re Ltd.                                        | Bayou Re 2023-1 Class B                         | CUSIP: 07304LAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1206000 | PA      | $1286440.20   | 0.09%             | 2026-05-26      | Floating      | 22.94%                | Yes           |                  2 | On Loan: No      |
| Bluebonnet Re Ltd.                                   | Bluebonnet Re 2025-1 Class B                    | CUSIP: 09610NAB8<br>LEI: 2549007DQLA6K2ACFN15 | Long             | DBT              | CORP              | BM        |    690000 | PA      | $734781.00    | 0.05%             | 2028-06-07      | Floating      | 12.40%                | Yes           |                  2 | On Loan: No      |
| Citrus Re Ltd.                                       | Citrus Re 2023-1 Class A                        | CUSIP: 177510AL8<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |   1009000 | PA      | $1041439.35   | 0.07%             | 2026-06-07      | Floating      | 10.49%                | Yes           |                  2 | On Loan: No      |
| Merna Re II Ltd                                      | Merna Re II 2025-2 Class A                      | CUSIP: 59013MAP7<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |    943000 | PA      | $997128.20    | 0.07%             | 2028-07-07      | Floating      | 12.70%                | Yes           |                  2 | On Loan: No      |
| Mona Lisa Re Ltd.                                    | Mona Lisa Re 2024-1 Class A                     | CUSIP: 608800AH1<br>LEI: 549300R6SO6XBFDC7M25 | Long             | DBT              | CORP              | BM        |    299000 | PA      | $326777.10    | 0.02%             | 2027-06-25      | Floating      | 13.65%                | Yes           |                  2 | On Loan: No      |
| Residential Reinsurance 2023 Limited                 | Residential Re 2023-II Class 3                  | CUSIP: 76090WAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    817000 | PA      | $857196.40    | 0.06%             | 2027-12-06      | Floating      | 12.73%                | Yes           |                  2 | On Loan: No      |
| Residential Reinsurance 2024 Limited                 | Residential Re 2024-I Class 14                  | CUSIP: 76091BAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    439000 | PA      | $439856.05    | 0.03%             | 2028-06-06      | Floating      | 10.02%                | Yes           |                  2 | On Loan: No      |
| Residential Reinsurance 2025 Limited                 | Residential Re 2025-II Class 2                  | CUSIP: 76091JAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    420000 | PA      | $420000.00    | 0.03%             | 2029-12-06      | Floating      | 14.16%                | Yes           |                  2 | On Loan: No      |
| Residential Reinsurance 2022 Limited                 | Residential Re 2022-I Class 14                  | CUSIP: 76119YAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   2000000 | PA      | $2015900.00   | 0.14%             | 2026-06-06      | Floating      | 8.04%                 | Yes           |                  2 | On Loan: No      |
| Sanders Re II Ltd.                                   | Sanders Re II 2025-1 Class A-2                  | CUSIP: 80001TAB3<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |    942000 | PA      | $989806.50    | 0.07%             | 2030-04-08      | Floating      | 8.20%                 | Yes           |                  2 | On Loan: No      |
| Sutter Re Ltd.                                       | Sutter Re 2023-1 Class B                        | CUSIP: 86944RAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1973000 | PA      | $2017392.50   | 0.14%             | 2026-06-19      | Floating      | 10.65%                | Yes           |                  2 | On Loan: No      |
| Titania Re Ltd.                                      | Titania Re 2024-1 Class B                       | CUSIP: 888329AF6<br>LEI: 5493008E73M6FH2NSB56 | Long             | DBT              | CORP              | BM        |    535000 | PA      | $554581.00    | 0.04%             | 2027-11-26      | Floating      | 13.40%                | Yes           |                  2 | On Loan: No      |
| Torrey Pines Re Ltd                                  | Torrey Pines Re 2024-1 Class A                  | CUSIP: 89141WAH5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1862000 | PA      | $1939366.10   | 0.14%             | 2027-06-07      | Floating      | 9.94%                 | Yes           |                  2 | On Loan: No      |
| Seawall Re Ltd. Segregated Account 2025-B            | Seawall Re Ltd 2025-B                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |      6866 | NS      | $18947230.19  | 1.34%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Thopas Re Ltd. Segregated Account 2024-2 (S)         | Thopas Re Ltd. 2024-2 (S)                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    348656 | NS      | $45259124.44  | 3.21%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Torrey Pines Re Ltd                                  | Torrey Pines Re 2024-1 Class B                  | CUSIP: 89141WAJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1263000 | PA      | $1304173.80   | 0.09%             | 2027-06-07      | Floating      | 11.01%                | Yes           |                  2 | On Loan: No      |
| TREASURY BILL                                        | United States Treasury Bill                     | CUSIP: 912797PM3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9888225.90   | 0.70%             | 2026-02-19      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Vita Capital VI Ltd                                  | Vita Capital VI 2021-1 Class B                  | CUSIP: 92846DAB2<br>LEI: 549300LLF863700IF088 | Long             | DBT              | CORP              | KY        |    449000 | PA      | $0.04         | 0.00%             | 2026-01-08      | Floating      | 4.27%                 | Yes           |                  3 | On Loan: No      |
| Vitality Re XIII Limited                             | Vitality Re XIII 2022 Class A                   | CUSIP: 92849MAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    611000 | PA      | $610847.25    | 0.04%             | 2026-01-06      | Floating      | 5.90%                 | Yes           |                  2 | On Loan: No      |
| Vitality Re XIV Limited                              | Vitality Re XIV 2023 Class B                    | CUSIP: 92851QAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    334000 | PA      | $338175.00    | 0.02%             | 2027-01-05      | Floating      | 8.40%                 | Yes           |                  2 | On Loan: No      |
| Kensington                                           | Kensington (Horseshoe Re)                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    954585 | NS      | $1114541.94   | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sussex 2022-A Segregated Account (Sussex Re Limited) | Sussex Re 2022-A                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1820000 | PA      | $0.00         | 0.00%             | 2026-04-15      | Fixed         | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Viribus Re Ltd. Series 2019 Segregated Account       | Viribus Re 2019                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    526336 | NS      | $2864.85      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| IBRD                                                 | IBRD CAR 135 Class D                            | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | CORP              | US        |    613000 | PA      | $651833.55    | 0.05%             | 2028-04-24      | Floating      | 15.90%                | Yes           |                  2 | On Loan: No      |
| Lion Re DAC                                          | Lion Re DAC 2025-1 Class B                      | CUSIP: 000000000<br>LEI: 635400VAABXOBOWHZR32 | Long             | DBT              | CORP              | IE        |    406000 | PA      | $469564.88    | 0.03%             | 2029-06-15      | Floating      | 9.94%                 | Yes           |                  2 | On Loan: No      |
| Yorkville (Artex Segregated Account Company)         | Yorkville (Artex Segregated Account Company)    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    143394 | NS      | $229153865.18 | 16.26%            |  |  |  | Yes           |                  3 | On Loan: No      |
| Nature Coast Re Ltd.                                 | Nature Coast Re 2023-1 Class B                  | CUSIP: 63901CAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    470000 | PA      | $494369.50    | 0.04%             | 2026-12-07      | Floating      | 17.64%                | Yes           |                  2 | On Loan: No      |
| Herbie Re Ltd.                                       | Herbie Re 2025-1 Class A                        | CUSIP: 42703VAM5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    261000 | PA      | $294447.15    | 0.02%             | 2027-06-07      | Floating      | 35.14%                | Yes           |                  2 | On Loan: No      |
| Integrity Re Ltd                                     | Integrity Re 2024-1 Class D                     | CUSIP: 45833UAM3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    852000 | PA      | $933582.83    | 0.07%             | 2026-06-06      | Floating      | 26.70%                | Yes           |                  2 | On Loan: No      |
| Integrity Re III Ltd.                                | Integrity Re III 2025-1 Class A-2               | CUSIP: 45870GAB2<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |    317000 | PA      | $331043.10    | 0.02%             | 2028-06-06      | Floating      | 11.94%                | Yes           |                  2 | On Loan: No      |
| Locke Tavern Re Ltd.                                 | Locke Tavern Re 2023-1 Class A                  | CUSIP: 539694AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1161000 | PA      | $1174177.35   | 0.08%             | 2026-04-09      | Floating      | 8.86%                 | Yes           |                  2 | On Loan: No      |
| Lower Ferry Re Ltd.                                  | Lower Ferry Re 2023-1 Class A                   | CUSIP: 547915AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    456000 | PA      | $466693.20    | 0.03%             | 2026-07-08      | Floating      | 8.55%                 | Yes           |                  2 | On Loan: No      |
| Mayflower Re Ltd.                                    | Mayflower Re 2023-1 Class A                     | CUSIP: 57839MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    837000 | PA      | $858636.45    | 0.06%             | 2026-07-08      | Floating      | 8.95%                 | Yes           |                  2 | On Loan: No      |
| Mayflower Re Ltd.                                    | Mayflower Re 2024-1 Class A                     | CUSIP: 57839MAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    650000 | PA      | $671060.00    | 0.05%             | 2027-07-08      | Floating      | 8.82%                 | Yes           |                  2 | On Loan: No      |
| Purple Re Ltd.                                       | Purple Re 2023-2 Class A                        | CUSIP: 74639NAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    674000 | PA      | $706891.20    | 0.05%             | 2026-06-05      | Floating      | 14.53%                | Yes           |                  2 | On Loan: No      |
| Queen Street 2023 Re DAC                             | Queen Street 2023 Re DAC                        | CUSIP: 747977AA4<br>LEI: 635400VHHVVMXL5BJI05 | Long             | DBT              | CORP              | IE        |   1526000 | PA      | $1533019.60   | 0.11%             | 2025-12-08      | Floating      | 11.50%                | Yes           |                  2 | On Loan: No      |
| Residential Re 2019 Ltd                              | Residential Re 2019-I Class 12                  | CUSIP: 76120FAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    186919 | PA      | $106590.46    | 0.01%             | 2026-06-06      | Floating      | 4.54%                 | Yes           |                  3 | On Loan: No      |
| Hudson Charles (Mt. Logan Re)                        | Hudson Charles 2 (Mt. Logan Re)                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     42034 | NS      | $63903686.01  | 4.53%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Latigo (Artex Segregated Account Company)            | Latigo (Artex Segregated Account Company)       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |       473 | NS      | $28262905.47  | 2.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Peregrine LCA2 (Peregrine Segregated Account)        | Peregrine LCA2                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |   2990240 | NS      | $41806144.75  | 2.97%             |  |  |  | Yes           |                  3 | On Loan: No      |
| King Max Re DAC                                      | King Max Re DAC                                 | CUSIP: 000000000<br>LEI: 635400D6MW4WMVI42S36 | Long             | DBT              | CORP              | IE        |    774000 | PA      | $898035.20    | 0.06%             | 2027-01-06      | Variable      | 7.43%                 | Yes           |                  2 | On Loan: No      |
| Nature Coast Re Ltd.                                 | Nature Coast Re 2023-1 Class A                  | CUSIP: 63901CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1341000 | PA      | $1393097.85   | 0.10%             | 2026-12-07      | Floating      | 14.14%                | Yes           |                  2 | On Loan: No      |
| Nature Coast Re Ltd.                                 | Nature Coast Re 2025-1 Class A                  | CUSIP: 63901CAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1161000 | PA      | $1230660.00   | 0.09%             | 2029-01-16      | Floating      | 14.60%                | Yes           |                  2 | On Loan: No      |
| Nature Coast Re Ltd.                                 | Nature Coast Re 2025-2 Class A                  | CUSIP: 63901CAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    382000 | PA      | $402035.90    | 0.03%             | 2029-04-10      | Floating      | 13.70%                | Yes           |                  2 | On Loan: No      |
| Ocelot Re Ltd.                                       | Ocelot Re 2025-1 Class A                        | CUSIP: 675951AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1407000 | PA      | $1428245.70   | 0.10%             | 2029-02-26      | Floating      | 8.45%                 | Yes           |                  2 | On Loan: No      |
| Acorn Re Ltd.                                        | Acorn Re 2024-1 Class B                         | CUSIP: 00485YAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1545000 | PA      | $1544227.50   | 0.11%             | 2025-11-07      | Floating      | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Blue Ridge Re Ltd.                                   | Blue Ridge Re 2023-1 Class A                    | CUSIP: 096003AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2068000 | PA      | $2133555.60   | 0.15%             | 2027-01-08      | Floating      | 9.15%                 | Yes           |                  2 | On Loan: No      |
| Bonanza Re Ltd.                                      | Bonanza Re 2024-1 Class C                       | CUSIP: 09785EAQ4<br>LEI: 5493003F0CXUQ2C83105 | Long             | DBT              | CORP              | BM        |    802000 | PA      | $824736.70    | 0.06%             | 2027-12-19      | Floating      | 9.40%                 | Yes           |                  2 | On Loan: No      |
| Cape Lookout Re Ltd.                                 | Cape Lookout Re 2025-1 Class A                  | CUSIP: 13947LAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3886000 | PA      | $4074082.40   | 0.29%             | 2028-03-13      | Floating      | 10.80%                | Yes           |                  2 | On Loan: No      |
| Commonwealth Re Ltd.                                 | Commonwealth Re 2025-1 Class A                  | CUSIP: 203235AC0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    912000 | PA      | $932383.20    | 0.07%             | 2028-07-10      | Floating      | 7.65%                 | Yes           |                  2 | On Loan: No      |
| Four Lakes Re Ltd.                                   | Four Lakes Re 2024-1 Class B                    | CUSIP: 35087TAH1<br>LEI: 549300MG4RRU6DT7MN54 | Long             | DBT              | CORP              | BM        |    341000 | PA      | $347598.35    | 0.02%             | 2028-01-07      | Floating      | 12.15%                | Yes           |                  2 | On Loan: No      |
| Gateway Re Ltd.                                      | Gateway Re 2023-1 Class B                       | CUSIP: 36779CAD8<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |    479000 | PA      | $496914.60    | 0.04%             | 2026-02-24      | Floating      | 24.94%                | Yes           |                  2 | On Loan: No      |
| Gateway Re Ltd.                                      | Gateway Re 2024-1 Class AA                      | CUSIP: 36779CAG1<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |    638000 | PA      | $661701.70    | 0.05%             | 2027-07-08      | Floating      | 9.84%                 | Yes           |                  2 | On Loan: No      |
| Gateway Re Ltd.                                      | Gateway Re 2025-1 Class C2                      | CUSIP: 36779CAN6<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |   1525000 | PA      | $1599648.75   | 0.11%             | 2027-07-07      | Floating      | 13.44%                | Yes           |                  2 | On Loan: No      |
| Herbie Re Ltd.                                       | Herbie Re 2022-1 Class A                        | CUSIP: 42703VAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    392000 | PA      | $412834.80    | 0.03%             | 2027-01-08      | Floating      | 17.45%                | Yes           |                  2 | On Loan: No      |
| Herbie Re Ltd.                                       | Herbie Re 2024-2 Class A                        | CUSIP: 42703VAJ2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    462000 | PA      | $474959.10    | 0.03%             | 2029-01-08      | Floating      | 11.20%                | Yes           |                  2 | On Loan: No      |
| Herbie Re Ltd.                                       | Herbie Re 2024-2 Class B                        | CUSIP: 42703VAK9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    462000 | PA      | $491152.20    | 0.03%             | 2029-01-08      | Floating      | 14.70%                | Yes           |                  2 | On Loan: No      |
| Integrity Re Ltd                                     | Integrity Re 2024-1 Class B                     | CUSIP: 45833UAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    310000 | PA      | $329762.50    | 0.02%             | 2026-06-06      | Floating      | 17.22%                | Yes           |                  2 | On Loan: No      |
| Integrity Re Ltd                                     | Integrity Re 2024-1 Class C                     | CUSIP: 45833UAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    542000 | PA      | $585224.50    | 0.04%             | 2026-06-06      | Floating      | 21.13%                | Yes           |                  2 | On Loan: No      |
| Integrity Re III Ltd.                                | Integrity Re III 2025-1 Class C                 | CUSIP: 45870GAE6<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |    786000 | PA      | $839212.20    | 0.06%             | 2028-06-06      | Floating      | 16.19%                | Yes           |                  2 | On Loan: No      |
| Integrity Re III Ltd.                                | Integrity Re III 2025-1 Class D                 | CUSIP: 45870GAF3<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |    483000 | PA      | $554725.50    | 0.04%             | 2027-06-06      | Floating      | 29.44%                | Yes           |                  2 | On Loan: No      |
| Fuchsia 2023-1 (London Bridge 2 PCC Protected Cell)  | Fuchsia 2023-1 Class A                          | CUSIP: 54180TAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    815000 | PA      | $854242.25    | 0.06%             | 2027-04-06      | Floating      | 14.19%                | Yes           |                  2 | On Loan: No      |
| Long Point Re IV Ltd                                 | Long Point Re IV 2022-1 Class A                 | CUSIP: 54279PAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    261000 | PA      | $265032.45    | 0.02%             | 2026-06-01      | Floating      | 8.15%                 | Yes           |                  2 | On Loan: No      |
| Merna Re II Ltd                                      | Merna Re II 2025-3 Class A                      | CUSIP: 59013FAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1945000 | PA      | $2060630.25   | 0.15%             | 2028-07-07      | Floating      | 10.95%                | Yes           |                  2 | On Loan: No      |
| Merna Re II Ltd                                      | Merna Re II 2025-4 Class A                      | CUSIP: 59013HAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2004000 | PA      | $2079951.60   | 0.15%             | 2028-07-07      | Floating      | 11.70%                | Yes           |                  2 | On Loan: No      |
| Merna Re II Ltd                                      | Merna Re II 2023-2 Class A                      | CUSIP: 59013MAJ1<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |   1279000 | PA      | $1355548.15   | 0.10%             | 2026-07-07      | Floating      | 14.27%                | Yes           |                  2 | On Loan: No      |
| Merna Re II Ltd                                      | Merna Re II 2024-2 Class A                      | CUSIP: 59013MAL6<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |   1758000 | PA      | $1868050.80   | 0.13%             | 2027-07-07      | Floating      | 12.65%                | Yes           |                  2 | On Loan: No      |
| Mystic Re IV Ltd.                                    | Mystic Re IV 2023-1 Class A                     | CUSIP: 62865LAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1154000 | PA      | $1167617.20   | 0.08%             | 2026-01-08      | Floating      | 12.88%                | Yes           |                  2 | On Loan: No      |
| Nakama Re Ltd.                                       | Nakama Re 2023-1 Class 2                        | CUSIP: 62983QAP8<br>LEI: 2549003ZFVVVVKMRJ633 | Long             | DBT              | CORP              | BM        |    802000 | PA      | $835684.00    | 0.06%             | 2028-05-09      | Floating      | 7.99%                 | Yes           |                  2 | On Loan: No      |
| Palm Re Ltd.                                         | Palm Re 2025-1 Class A                          | CUSIP: 69664FAB4<br>LEI: 984500D3C66DA10DAP11 | Long             | DBT              | CORP              | BM        |    824000 | PA      | $869278.80    | 0.06%             | 2028-06-07      | Floating      | 11.69%                | Yes           |                  2 | On Loan: No      |
| Purple Re Ltd.                                       | Purple Re 2023-1 Class A                        | CUSIP: 74639NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    959000 | PA      | $1008820.05   | 0.07%             | 2026-04-24      | Floating      | 16.91%                | Yes           |                  2 | On Loan: No      |
| Recoletos Re DAC                                     | Recoletos Re DAC 2024-1 Class A                 | CUSIP: 755933AA6<br>LEI: 635400FIY9UG8ZHKYH56 | Long             | DBT              | CORP              | IE        |    501000 | PA      | $515579.10    | 0.04%             | 2028-01-07      | Floating      | 8.90%                 | Yes           |                  2 | On Loan: No      |
| Residential Reinsurance 2025 Limited                 | Residential Re 2025-I Class 14                  | CUSIP: 76091DAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    725000 | PA      | $749070.00    | 0.05%             | 2029-06-06      | Floating      | 11.79%                | Yes           |                  2 | On Loan: No      |
| Residential Reinsurance 2024 Limited                 | Residential Re 2024-II Class 2                  | CUSIP: 76112AAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    418000 | PA      | $450708.50    | 0.03%             | 2028-12-06      | Floating      | 17.45%                | Yes           |                  2 | On Loan: No      |
| Residential Reinsurance 2024 Limited                 | Residential Re 2024-II Class 3                  | CUSIP: 76112AAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1096000 | PA      | $1139237.20   | 0.08%             | 2028-12-06      | Floating      | 10.97%                | Yes           |                  2 | On Loan: No      |
| Riverfront Re Ltd                                    | Riverfront Re 2025 Class A                      | CUSIP: 76870YAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    677000 | PA      | $713558.00    | 0.05%             | 2029-01-08      | Floating      | 9.45%                 | Yes           |                  2 | On Loan: No      |
| Sabine Re Ltd.                                       | Sabine Re 2024-1 Class A                        | CUSIP: 785628AA6<br>LEI: 254900FU1Z2XK88D3602 | Long             | DBT              | CORP              | BM        |    488000 | PA      | $513571.20    | 0.04%             | 2027-04-07      | Floating      | 12.20%                | Yes           |                  2 | On Loan: No      |
| Veraison Re Ltd.                                     | Veraison Re 2023-1 Class B                      | CUSIP: 92335TAB5<br>LEI: 2549007WYB39A966J434 | Long             | DBT              | CORP              | BM        |    729000 | PA      | $746714.70    | 0.05%             | 2026-03-09      | Variable      | 16.49%                | Yes           |                  2 | On Loan: No      |
| Veraison Re Ltd.                                     | Veraison Re 2025-1 Class B                      | CUSIP: 92335TAE9<br>LEI: 2549007WYB39A966J434 | Long             | DBT              | CORP              | BM        |    852000 | PA      | $861372.00    | 0.06%             | 2028-03-08      | Floating      | 8.90%                 | Yes           |                  2 | On Loan: No      |
| Vitality Re XV Limited                               | Vitality Re XV 2024 Class B                     | CUSIP: 92847CAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    255000 | PA      | $258034.50    | 0.02%             | 2028-01-07      | Floating      | 7.40%                 | Yes           |                  2 | On Loan: No      |
| Winston Re Ltd                                       | Winston Re 2024-1 Class A                       | CUSIP: 975660AA9<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | BM        |    927000 | PA      | $997405.65    | 0.07%             | 2027-02-26      | Floating      | 14.11%                | Yes           |                  2 | On Loan: No      |
| Winston Re Ltd                                       | Winston Re 2024-1 Class B                       | CUSIP: 975660AB7<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | BM        |    387000 | PA      | $416470.05    | 0.03%             | 2027-02-26      | Floating      | 15.59%                | Yes           |                  2 | On Loan: No      |
| Yosemite Re Ltd.                                     | Yosemite Re 2025-1 Class A                      | CUSIP: 98740RAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    497000 | PA      | $527963.10    | 0.04%             | 2028-06-07      | Floating      | 11.15%                | Yes           |                  2 | On Loan: No      |
| Bowery (Artex Segregated Account Company)            | Bowery (Artex Segregated Account Company)       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    200075 | NS      | $50243020.87  | 3.56%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Florblanca (Artex Segregated Account Company)        | Florblanca (Artex Segregated Account Company)   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     77550 | NS      | $19511579.71  | 1.38%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Harambee Re Segregated Account 2019-1                | Harambee Re 2019                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |      2199 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hatteras (Artex Segregated Account Company)          | Hatteras (Artex Segregated Account Company)     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     58673 | NS      | $64314715.49  | 4.56%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hudson Charles (Mt. Logan Re)                        | Hudson Charles (Mt. Logan Re)                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     22967 | NS      | $35290383.90  | 2.50%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Kauai (Artex Segregated Account Company)             | Kauai (Artex Segregated Account Company)        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     51394 | NS      | $198817.23    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Pelham (Horseshoe Re)                                | Pelham (Horseshoe Re)                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    264553 | NS      | $6244646.05   | 0.44%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Peregrine LCA (Peregrine Segregated Account)         | Peregrine LCA                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |   2252060 | NS      | $40060080.18  | 2.84%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Riverdale (Horseshoe Re)                             | Riverdale (Horseshoe Re)                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    251610 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Rondout (Artex Segregated Account Company)           | Rondout (Artex Segregated Account Company)      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     48289 | NS      | $52110206.41  | 3.70%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Viribus Re Ltd. Series 2018 Segregated Account       | Viribus Re 2018                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    265173 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Woodside (Horseshoe Re)                              | Woodside (Horseshoe Re)                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |   1012875 | NS      | $1626369.34   | 0.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hexagon IV Re Ltd.                                   | Hexagon IV Re 2025-1 Class A                    | CUSIP: 000000000<br>LEI: 984500B4771ADC9FDE26 | Long             | DBT              | CORP              | BM        |    666000 | PA      | $767661.40    | 0.05%             | 2030-01-22      | Floating      | 10.00%                | Yes           |                  2 | On Loan: No      |
| Bluebonnet Re Ltd.                                   | Bluebonnet Re 2025-1 Class C                    | CUSIP: 09610NAC6<br>LEI: 2549007DQLA6K2ACFN15 | Long             | DBT              | CORP              | BM        |    558000 | PA      | $602137.80    | 0.04%             | 2028-06-07      | Floating      | 15.65%                | Yes           |                  2 | On Loan: No      |
| Cape Lookout Re Ltd.                                 | Cape Lookout Re 2023-1 Class A                  | CUSIP: 13947LAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3445000 | PA      | $3531986.25   | 0.25%             | 2026-04-28      | Floating      | 11.10%                | Yes           |                  2 | On Loan: No      |
| Cape Lookout Re Ltd.                                 | Cape Lookout Re 2024-1 Class A                  | CUSIP: 13947LAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4180000 | PA      | $4359949.00   | 0.31%             | 2027-04-05      | Floating      | 12.60%                | Yes           |                  2 | On Loan: No      |
| Citrus Re Ltd.                                       | Citrus Re 2023-1 Class B                        | CUSIP: 177510AM6<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |    876000 | PA      | $911478.00    | 0.06%             | 2026-06-07      | Floating      | 12.65%                | Yes           |                  2 | On Loan: No      |
| Everglades Re II Ltd.                                | Everglades Re II 2024-1 Class A                 | CUSIP: 30014LAM6<br>LEI: 5493000EE11S6ONK0372 | Long             | DBT              | CORP              | BM        |   2964000 | PA      | $3185707.20   | 0.23%             | 2027-05-13      | Floating      | 14.40%                | Yes           |                  2 | On Loan: No      |
| Everglades Re II Ltd.                                | Everglades Re II 2025-1 Class A                 | CUSIP: 30014LAT1<br>LEI: 5493000EE11S6ONK0372 | Long             | DBT              | CORP              | BM        |   2126000 | PA      | $2244418.20   | 0.16%             | 2028-05-19      | Floating      | 12.69%                | Yes           |                  2 | On Loan: No      |
| Foundation Re VI Ltd.                                | Foundation Re 2023-1 Class A                    | CUSIP: 349939AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    968000 | PA      | $1000573.20   | 0.07%             | 2027-01-08      | Floating      | 10.15%                | Yes           |                  2 | On Loan: No      |
| Four Lakes Re Ltd.                                   | Four Lakes Re 2023-1 Class A                    | CUSIP: 35087TAE8<br>LEI: 549300MG4RRU6DT7MN54 | Long             | DBT              | CORP              | BM        |    314000 | PA      | $321143.50    | 0.02%             | 2027-01-07      | Floating      | 9.70%                 | Yes           |                  2 | On Loan: No      |
| Galileo Re Ltd.                                      | Galileo Re 2023-1 Class B                       | CUSIP: 36354TAP7<br>LEI: 549300MXI75DHMS7JH38 | Long             | DBT              | CORP              | BM        |    409000 | PA      | $412496.95    | 0.03%             | 2026-01-08      | Floating      | 10.90%                | Yes           |                  2 | On Loan: No      |
| Gateway Re Ltd.                                      | Gateway Re 2025-1 Class A                       | CUSIP: 36779CAQ9<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |    254000 | PA      | $270446.50    | 0.02%             | 2028-07-07      | Floating      | 14.44%                | Yes           |                  2 | On Loan: No      |
| Gateway Re Ltd.                                      | Gateway Re 2025-2 Class A                       | CUSIP: 36779CAS5<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |    583000 | PA      | $605562.10    | 0.04%             | 2028-07-07      | Floating      | 10.90%                | Yes           |                  2 | On Loan: No      |
| Greengrove Re Ltd.                                   | Greengrove Re 2025-1 Class A                    | CUSIP: 39526JAA9<br>LEI: 254900WH3CK41D9L7T70 | Long             | DBT              | CORP              | BM        |    422000 | PA      | $422464.20    | 0.03%             | 2028-04-07      | Floating      | 11.69%                | Yes           |                  2 | On Loan: No      |
| Herbie Re Ltd.                                       | Herbie Re 2024-2 Class C                        | CUSIP: 42703VAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    402000 | PA      | $414864.00    | 0.03%             | 2027-01-08      | Floating      | 26.95%                | Yes           |                  2 | On Loan: No      |
| Hestia Re Ltd.                                       | Hestia Re 2022-1 Class A                        | CUSIP: 42815KAA0<br>LEI: 549300QRKQ1ZKOXEMZ38 | Long             | DBT              | CORP              | BM        |      8829 | PA      | $4635.00      | 0.00%             | 2029-04-22      | Floating      | 4.00%                 | Yes           |                  3 | On Loan: No      |
| Hestia Re Ltd.                                       | Hestia Re 2025-1 Class A                        | CUSIP: 42815KAC6<br>LEI: 549300QRKQ1ZKOXEMZ38 | Long             | DBT              | CORP              | BM        |   1148000 | PA      | $1174518.80   | 0.08%             | 2028-03-13      | Floating      | 10.65%                | Yes           |                  2 | On Loan: No      |
| Integrity Re III Ltd.                                | Integrity Re III 2025-1 Class B-2               | CUSIP: 45870GAD8<br>LEI: 254900VWHVNG2WMBWC74 | Long             | DBT              | CORP              | BM        |    257000 | PA      | $270479.65    | 0.02%             | 2028-06-06      | Floating      | 13.69%                | Yes           |                  2 | On Loan: No      |
| Kendall Re Ltd.                                      | Kendall Re 2024-1 Class A                       | CUSIP: 48878QAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1023000 | PA      | $1075735.65   | 0.08%             | 2027-04-30      | Floating      | 10.15%                | Yes           |                  2 | On Loan: No      |
| PoleStar Re Ltd.                                     | PoleStar Re 2024-1 Class A                      | CUSIP: 73110JAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1006900.00   | 0.07%             | 2026-01-07      | Floating      | 16.90%                | Yes           |                  2 | On Loan: No      |
| PoleStar Re Ltd.                                     | PoleStar Re 2024-3 Class A                      | CUSIP: 73110JAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1682000 | PA      | $1733805.60   | 0.12%             | 2028-01-07      | Floating      | 14.64%                | Yes           |                  2 | On Loan: No      |
| Residential Reinsurance 2023 Limited                 | Residential Re 2023-II Class 5                  | CUSIP: 76090WAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1906000 | PA      | $2012450.10   | 0.14%             | 2027-12-06      | Floating      | 10.01%                | Yes           |                  2 | On Loan: No      |
| Residential Reinsurance 2025 Limited                 | Residential Re 2025-I Class 15                  | CUSIP: 76091DAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1006000 | PA      | $1033312.90   | 0.07%             | 2029-06-06      | Floating      | 9.79%                 | Yes           |                  2 | On Loan: No      |
| Residential Reinsurance 2023 Limited                 | Residential Re 2023-I Class 14                  | CUSIP: 76133XAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3072000 | PA      | $3144499.20   | 0.22%             | 2027-06-06      | Floating      | 10.79%                | Yes           |                  2 | On Loan: No      |
| Sanders Re II Ltd.                                   | Sanders Re II 2024-3 Class A                    | CUSIP: 80001RAA9<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |   1446000 | PA      | $1469859.00   | 0.10%             | 2029-04-07      | Floating      | 7.90%                 | Yes           |                  2 | On Loan: No      |
| Sanders Re II Ltd.                                   | Sanders Re II 2025-1 Class B-1                  | CUSIP: 80001TAC1<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |    618000 | PA      | $636169.20    | 0.05%             | 2028-04-07      | Floating      | 8.40%                 | Yes           |                  2 | On Loan: No      |
| Sutter Re Ltd.                                       | Sutter Re 2023-1 Class E                        | CUSIP: 86944RAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2177000 | PA      | $2231425.00   | 0.16%             | 2026-06-19      | Floating      | 13.65%                | Yes           |                  2 | On Loan: No      |
| Tomoni Re Pte. Ltd.                                  | Tomoni Re Pte 2024-1 Class A                    | CUSIP: 89009PAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    679000 | PA      | $688098.60    | 0.05%             | 2028-04-05      | Floating      | 7.15%                 | Yes           |                  2 | On Loan: No      |
| Ursa Re Ltd.                                         | Ursa Re 2023-1 Class C                          | CUSIP: 90323WAM2<br>LEI: 549300O8X4DWGDJZ6W59 | Long             | DBT              | CORP              | BM        |    341000 | PA      | $342278.75    | 0.02%             | 2025-12-06      | Floating      | 12.15%                | Yes           |                  2 | On Loan: No      |
| Ursa Re Ltd.                                         | Ursa Re 2023-2 Class E                          | CUSIP: 90323WAN0<br>LEI: 549300O8X4DWGDJZ6W59 | Long             | DBT              | CORP              | BM        |   2489000 | PA      | $2590302.30   | 0.18%             | 2026-12-07      | Floating      | 13.15%                | Yes           |                  2 | On Loan: No      |
| Ursa Re Ltd.                                         | Ursa Re 2025-1 Class F                          | CUSIP: 90323WAR1<br>LEI: 549300O8X4DWGDJZ6W59 | Long             | DBT              | CORP              | BM        |   2333000 | PA      | $2359946.15   | 0.17%             | 2028-02-22      | Floating      | 11.40%                | Yes           |                  2 | On Loan: No      |
| Ursa Re II Ltd.                                      | Ursa Re II 2022-2 Class AA                      | CUSIP: 91734PAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    331000 | PA      | $331910.25    | 0.02%             | 2025-12-06      | Floating      | 10.90%                | Yes           |                  2 | On Loan: No      |
| Ursa Re II Ltd.                                      | Ursa Re II 2025-1 Class G                       | CUSIP: 91734PAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3086000 | PA      | $3121951.90   | 0.22%             | 2028-06-07      | Floating      | 12.90%                | Yes           |                  2 | On Loan: No      |
| Winston Re Ltd                                       | Winston Re 2025-1 Class A                       | CUSIP: 975660AC5<br>LEI: 2549001Q4VX5Y31QFJ88 | Long             | DBT              | CORP              | BM        |    675000 | PA      | $702675.00    | 0.05%             | 2028-02-21      | Floating      | 10.40%                | Yes           |                  2 | On Loan: No      |
| Wrigley Re Ltd.                                      | Wrigley Re 2023-1 Class B                       | CUSIP: 982533AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1166000 | PA      | $1201563.00   | 0.09%             | 2026-08-07      | Floating      | 10.60%                | Yes           |                  2 | On Loan: No      |
| Eiffel Re Ltd.                                       | Eiffel Re 2023-1 Class A                        | CUSIP: 000000000<br>LEI: 5493000KHTJQAOS8QP53 | Long             | DBT              | CORP              | BM        |   1073000 | PA      | $1247857.06   | 0.09%             | 2027-01-19      | Floating      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| IBRD                                                 | IBRD CAR 136                                    | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | CORP              | US        |   2108000 | PA      | $5375.40      | 0.00%             | 2027-12-29      | Floating      | 10.90%                | Yes           |                  3 | On Loan: No      |
| Lightning Re Ltd.                                    | Lightning Re 2023-1 Class A                     | CUSIP: 532242AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4190000 | PA      | $4311719.50   | 0.31%             | 2026-03-31      | Floating      | 15.00%                | Yes           |                  2 | On Loan: No      |
| Matterhorn Re Ltd.                                   | Matterhorn Re 2025-1 Class A                    | CUSIP: 577092AW9<br>LEI: 549300QRZ77PO1BYWT39 | Long             | DBT              | CORP              | BM        |    283000 | PA      | $286396.00    | 0.02%             | 2028-02-04      | Floating      | 10.90%                | Yes           |                  2 | On Loan: No      |
| Acorn Re Ltd.                                        | Acorn Re 2023-1 Class A                         | CUSIP: 00485YAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1096000 | PA      | $1121372.40   | 0.08%             | 2026-11-06      | Floating      | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Acorn Re Ltd.                                        | Acorn Re 2024-1 Class A                         | CUSIP: 00485YAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1080000 | PA      | $1102788.00   | 0.08%             | 2027-11-05      | Floating      | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Alamo Re Ltd.                                        | Alamo Re 2023-1 Class A                         | CUSIP: 011395AJ9<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |   2579000 | PA      | $2693765.50   | 0.19%             | 2026-06-07      | Floating      | 12.29%                | Yes           |                  2 | On Loan: No      |
| Alamo Re Ltd.                                        | Alamo Re 2024-1 Class B                         | CUSIP: 011395AP5<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |   4761000 | PA      | $5109029.10   | 0.36%             | 2027-06-07      | Floating      | 12.33%                | Yes           |                  2 | On Loan: No      |
| Alamo Re Ltd.                                        | Alamo Re 2024-1 Class C                         | CUSIP: 011395AQ3<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |   3851000 | PA      | $4046053.15   | 0.29%             | 2026-06-07      | Floating      | 15.78%                | Yes           |                  2 | On Loan: No      |
| Aquila Re I Ltd.                                     | Aquila Re I 2024-1 Class A-1                    | CUSIP: 037987AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    492000 | PA      | $511188.00    | 0.04%             | 2027-06-07      | Floating      | 9.29%                 | Yes           |                  2 | On Loan: No      |
| Aquila Re I Ltd.                                     | Aquila Re I 2024-1 Class B-1                    | CUSIP: 037987AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    299000 | PA      | $318973.20    | 0.02%             | 2027-06-07      | Floating      | 12.25%                | Yes           |                  2 | On Loan: No      |
| Aquila Re I Ltd.                                     | Aquila Re I 2023-1 Class A-1                    | CUSIP: 03843AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    265000 | PA      | $271651.50    | 0.02%             | 2026-06-08      | Floating      | 9.24%                 | Yes           |                  2 | On Loan: No      |
| Aquila Re I Ltd.                                     | Aquila Re I 2023-1 Class B-1                    | CUSIP: 03843AAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1079000 | PA      | $1117034.75   | 0.08%             | 2026-06-08      | Floating      | 11.16%                | Yes           |                  2 | On Loan: No      |
| Aquila Re I Ltd.                                     | Aquila Re I 2023-1 Class C-1                    | CUSIP: 03843AAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1530000 | PA      | $1597014.00   | 0.11%             | 2026-06-08      | Floating      | 12.73%                | Yes           |                  2 | On Loan: No      |
| Aragonite Re Ltd.                                    | Aragonite Re 2024-1 Class A                     | CUSIP: 03851YAA7<br>LEI: 254900LF29LPMNPHA287 | Long             | DBT              | CORP              | BM        |    627000 | PA      | $648349.35    | 0.05%             | 2027-04-07      | Floating      | 9.35%                 | Yes           |                  2 | On Loan: No      |
| Armor Re II Ltd.                                     | Armor Re II 2024-2 Class A                      | CUSIP: 04227FAF2<br>LEI: 549300X573KDIHEJL317 | Long             | DBT              | CORP              | BM        |    548000 | PA      | $581154.00    | 0.04%             | 2028-01-07      | Floating      | 12.40%                | Yes           |                  2 | On Loan: No      |
| Baldwin Re Ltd.                                      | Baldwin Re 2025-1 Class A                       | CUSIP: 05826BAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1024000 | PA      | $1052416.00   | 0.07%             | 2029-07-09      | Floating      | 7.65%                 | Yes           |                  2 | On Loan: No      |
| Bayou Re Ltd.                                        | Bayou Re 2023-1 Class A                         | CUSIP: 07304LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    750000 | PA      | $783675.00    | 0.06%             | 2026-05-26      | Floating      | 16.29%                | Yes           |                  2 | On Loan: No      |
| Bayou Re Ltd.                                        | Bayou Re 2024-1 Class A                         | CUSIP: 07304LAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1257000 | PA      | $1340653.35   | 0.10%             | 2027-04-30      | Floating      | 12.23%                | Yes           |                  2 | On Loan: No      |
| Bayou Re Ltd.                                        | Bayou Re 2024-1 Class B                         | CUSIP: 07304LAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    419000 | PA      | $468902.90    | 0.03%             | 2027-04-30      | Floating      | 21.82%                | Yes           |                  2 | On Loan: No      |
| Blue Ridge Re Ltd.                                   | Blue Ridge Re 2023-1 Class B                    | CUSIP: 096003AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2518000 | PA      | $2646669.80   | 0.19%             | 2027-01-08      | Floating      | 11.89%                | Yes           |                  2 | On Loan: No      |
| Bluebonnet Re Ltd.                                   | Bluebonnet Re 2025-2 Class A                    | CUSIP: 09610NAD4<br>LEI: 2549007DQLA6K2ACFN15 | Long             | DBT              | CORP              | BM        |   1145000 | PA      | $1228928.50   | 0.09%             | 2027-06-07      | Floating      | 15.90%                | Yes           |                  2 | On Loan: No      |
| Ashera Re Ltd.                                       | Ashera Re 2024-1 Class A                        | CUSIP: 04401RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    506000 | PA      | $521407.70    | 0.04%             | 2027-04-07      | Floating      | 9.09%                 | Yes           |                  2 | On Loan: No      |
| Baldwin Re Ltd.                                      | Baldwin Re 2023-1 Class A                       | CUSIP: 05826BAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    423000 | PA      | $439454.70    | 0.03%             | 2027-07-07      | Floating      | 8.95%                 | Yes           |                  2 | On Loan: No      |
| Bonanza Re Ltd.                                      | Bonanza Re 2024-1 Class A                       | CUSIP: 09785EAN1<br>LEI: 5493003F0CXUQ2C83105 | Long             | DBT              | CORP              | BM        |    253000 | PA      | $249698.35    | 0.02%             | 2026-01-08      | Floating      | 3.86%                 | Yes           |                  2 | On Loan: No      |
| Bridge Street Re Ltd                                 | Bridge Street Re 2025-1 Class A                 | CUSIP: 10807LAA5<br>LEI: 2549008NKPLMU6X7ID58 | Long             | DBT              | CORP              | BM        |   1018000 | PA      | $1036680.30   | 0.07%             | 2028-01-07      | Floating      | 7.90%                 | Yes           |                  2 | On Loan: No      |
| Bayou Re Ltd.                                        | Bayou Re 2025-1 Class A                         | CUSIP: 07304LAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    992000 | PA      | $1009459.20   | 0.07%             | 2028-05-08      | Floating      | 10.90%                | Yes           |                  2 | On Loan: No      |
| Commonwealth Re Ltd.                                 | Commonwealth Re 2023-1 Class A                  | CUSIP: 203235AB2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    783000 | PA      | $795919.50    | 0.06%             | 2026-07-08      | Floating      | 7.76%                 | Yes           |                  2 | On Loan: No      |
| Charles River Re Ltd.                                | Charles River Re 2024-1 Class A                 | CUSIP: 159873AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    885000 | PA      | $929736.75    | 0.07%             | 2027-05-10      | Floating      | 11.53%                | Yes           |                  2 | On Loan: No      |
| Chartwell Re Ltd.                                    | Chartwell Re 2025-1 Class A                     | CUSIP: 16140YAA0<br>LEI: 984500FFT645KFFE6F50 | Long             | DBT              | CORP              | BM        |    710000 | PA      | $742163.00    | 0.05%             | 2028-06-07      | Floating      | 9.90%                 | Yes           |                  2 | On Loan: No      |
| Everglades Re II Ltd.                                | Everglades Re II 2024-1 Class B                 | CUSIP: 30014LAN4<br>LEI: 5493000EE11S6ONK0372 | Long             | DBT              | CORP              | BM        |   2980000 | PA      | $3198732.00   | 0.23%             | 2027-05-13      | Floating      | 15.40%                | Yes           |                  2 | On Loan: No      |
| Everglades Re II Ltd.                                | Everglades Re II 2024-1 Class C                 | CUSIP: 30014LAP9<br>LEI: 5493000EE11S6ONK0372 | Long             | DBT              | CORP              | BM        |   2066000 | PA      | $2225701.80   | 0.16%             | 2027-05-13      | Floating      | 16.65%                | Yes           |                  2 | On Loan: No      |
| Citrus Re Ltd.                                       | Citrus Re 2025-1 Class A                        | CUSIP: 177510AQ7<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |    483000 | PA      | $498528.45    | 0.04%             | 2028-06-07      | Floating      | 11.65%                | Yes           |                  2 | On Loan: No      |
| Citrus Re Ltd.                                       | Citrus Re 2025-1 Class B                        | CUSIP: 177510AR5<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |    410000 | PA      | $428286.00    | 0.03%             | 2028-06-07      | Floating      | 8.40%                 | Yes           |                  2 | On Loan: No      |
| East Lane Re VII Ltd.                                | East Lane Re VII 2024-1 Class A                 | CUSIP: 27332EAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    569000 | PA      | $575486.60    | 0.04%             | 2026-03-31      | Floating      | 12.79%                | Yes           |                  2 | On Loan: No      |
| Eden Re II Segregated Account 2023-1                 | Eden Re II 2023-1 Class B                       | CUSIP: 27955GAB8<br>LEI: 549300LKX8PCP3SC3F42 | Long             | DBT              | CORP              | BM        |      5282 | PA      | $65563.55     | 0.00%             | 2027-03-19      | Fixed         | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Everglades Re II Ltd.                                | Everglades Re II 2025-1 Class B                 | CUSIP: 30014LAU8<br>LEI: 5493000EE11S6ONK0372 | Long             | DBT              | CORP              | BM        |   1949000 | PA      | $2055610.30   | 0.15%             | 2028-05-19      | Floating      | 13.69%                | Yes           |                  2 | On Loan: No      |
| Everglades Re II Ltd.                                | Everglades Re II 2025-1 Class C                 | CUSIP: 30014LAV6<br>LEI: 5493000EE11S6ONK0372 | Long             | DBT              | CORP              | BM        |   2362000 | PA      | $2500531.30   | 0.18%             | 2028-05-19      | Floating      | 15.19%                | Yes           |                  2 | On Loan: No      |
| Fidelity Government Portfolio                        | Fidelity Government Portfolio                   | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |  39020889 | NS      | $39020889.40  | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Lakes Re Ltd.                                   | Four Lakes Re 2024-1 Class A                    | CUSIP: 35087TAG3<br>LEI: 549300MG4RRU6DT7MN54 | Long             | DBT              | CORP              | BM        |    859000 | PA      | $867590.00    | 0.06%             | 2028-01-07      | Floating      | 9.40%                 | Yes           |                  2 | On Loan: No      |
| Fish Pond Re Ltd.                                    | Fish Pond Re 2024-1 Class A                     | CUSIP: 33774EAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    842000 | PA      | $860229.30    | 0.06%             | 2027-01-08      | Floating      | 7.92%                 | Yes           |                  2 | On Loan: No      |
| FloodSmart Re Ltd.                                   | FloodSmart Re 2022-1 Class B                    | CUSIP: 33975CAK1<br>LEI: 549300KK1LNVFW95S875 | Long             | DBT              | CORP              | BM        |     52645 | PA      | $32903.33     | 0.00%             | 2029-02-26      | Floating      | 4.40%                 | Yes           |                  3 | On Loan: No      |
| Gateway Re Ltd.                                      | Gateway Re 2023-3 Class A                       | CUSIP: 36779CAF3<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |    594000 | PA      | $625125.60    | 0.04%             | 2026-07-08      | Floating      | 14.82%                | Yes           |                  2 | On Loan: No      |
| Hypatia Ltd.                                         | Hypatia Ltd. 2023-1 Class A                     | CUSIP: 44914CAC0<br>LEI: 98450041F85DB4C2C372 | Long             | DBT              | CORP              | BM        |    377000 | PA      | $387499.45    | 0.03%             | 2026-04-08      | Floating      | 14.40%                | Yes           |                  2 | On Loan: No      |
| FloodSmart Re Ltd.                                   | FloodSmart Re 2024-1 Class A                    | CUSIP: 33975CAP0<br>LEI: 549300KK1LNVFW95S875 | Long             | DBT              | CORP              | BM        |   4099000 | PA      | $4375272.60   | 0.31%             | 2027-03-12      | Floating      | 18.30%                | Yes           |                  2 | On Loan: No      |
| FloodSmart Re Ltd.                                   | FloodSmart Re 2024-1 Class B                    | CUSIP: 33975CAQ8<br>LEI: 549300KK1LNVFW95S875 | Long             | DBT              | CORP              | BM        |    967000 | PA      | $1009741.40   | 0.07%             | 2027-03-12      | Floating      | 21.57%                | Yes           |                  2 | On Loan: No      |
| Integrity Re Ltd                                     | Integrity Re 2024-1 Class A                     | CUSIP: 45833UAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    542000 | PA      | $571078.30    | 0.04%             | 2026-06-06      | Floating      | 14.50%                | Yes           |                  2 | On Loan: No      |
| Long Walk Reinsurance Ltd.                           | Long Walk Re 2024-1 Class A                     | CUSIP: 54289CAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    360000 | PA      | $363438.00    | 0.03%             | 2026-01-30      | Floating      | 14.14%                | Yes           |                  2 | On Loan: No      |
| Four Lakes Re Ltd.                                   | Four Lakes Re 2022-1 Class A                    | CUSIP: 35087TAD0<br>LEI: 549300MG4RRU6DT7MN54 | Long             | DBT              | CORP              | BM        |    187000 | PA      | $188075.25    | 0.01%             | 2026-01-07      | Floating      | 10.40%                | Yes           |                  2 | On Loan: No      |
| Gateway Re Ltd.                                      | Gateway Re 2025-1 Class AAA                     | CUSIP: 36779CAM8<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |    419000 | PA      | $424928.85    | 0.03%             | 2028-07-07      | Floating      | 8.19%                 | Yes           |                  2 | On Loan: No      |
| Gateway Re Ltd.                                      | Gateway Re 2025-1 Class C1                      | CUSIP: 36779CAR7<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |    479000 | PA      | $472988.55    | 0.03%             | 2025-12-22      | Floating      | 3.94%                 | Yes           |                  2 | On Loan: No      |
| Hestia Re Ltd.                                       | Hestia Re 2025-1 Class B                        | CUSIP: 42815KAD4<br>LEI: 549300QRKQ1ZKOXEMZ38 | Long             | DBT              | CORP              | BM        |    530000 | PA      | $547781.50    | 0.04%             | 2028-03-13      | Floating      | 12.15%                | Yes           |                  2 | On Loan: No      |
| Merna Re II Ltd                                      | Merna Re II 2024-1 Class A                      | CUSIP: 59013MAK8<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |   1379000 | PA      | $1462291.60   | 0.10%             | 2027-07-07      | Floating      | 11.15%                | Yes           |                  2 | On Loan: No      |
| Merna Re II Ltd                                      | Merna Re II 2025-1 Class A                      | CUSIP: 59013MAN2<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |    545000 | PA      | $569198.00    | 0.04%             | 2028-07-07      | Floating      | 11.70%                | Yes           |                  2 | On Loan: No      |
| High Point Re Ltd.                                   | High Point Re 2023-1 Class A                    | CUSIP: 429932AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2582000 | PA      | $2645904.50   | 0.19%             | 2027-01-06      | Floating      | 9.54%                 | Yes           |                  2 | On Loan: No      |
| London Bridge 2 PCC Limited                          | Fuchsia 2 2024-1 Class A                        | CUSIP: 541917AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   1324000 | PA      | $1354385.80   | 0.10%             | 2028-04-06      | Floating      | 9.04%                 | Yes           |                  2 | On Loan: No      |
| Nakama Re Pte. Ltd.                                  | Nakama Re Pte. 2021-1 Class 1                   | CUSIP: 62984JAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    307000 | PA      | $307046.05    | 0.02%             | 2026-10-13      | Floating      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Palm Re Ltd.                                         | Palm Re 2024-1 Class A                          | CUSIP: 69664FAA6<br>LEI: 984500D3C66DA10DAP11 | Long             | DBT              | CORP              | BM        |    928000 | PA      | $989758.40    | 0.07%             | 2027-06-07      | Floating      | 13.45%                | Yes           |                  2 | On Loan: No      |
| Purple Re Ltd.                                       | Purple Re 2024-1 Class A                        | CUSIP: 74639NAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2373000 | PA      | $2531160.45   | 0.18%             | 2027-06-07      | Floating      | 13.07%                | Yes           |                  2 | On Loan: No      |
| Residential Re 2021 Limited                          | Residential Re 2021-I Class 12                  | CUSIP: 76114NAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    301000 | PA      | $158025.00    | 0.01%             | 2028-06-06      | Floating      | 4.54%                 | Yes           |                  2 | On Loan: No      |
| Longleaf Pine Re Ltd.                                | Longleaf Pine Re 2024-1 Class A                 | CUSIP: 54307MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1190000 | PA      | $1328456.50   | 0.09%             | 2027-05-25      | Floating      | 21.83%                | Yes           |                  2 | On Loan: No      |
| Lower Ferry Re Ltd.                                  | Lower Ferry Re 2023-1 Class B                   | CUSIP: 547915AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1139000 | PA      | $1172429.65   | 0.08%             | 2026-07-08      | Floating      | 9.40%                 | Yes           |                  2 | On Loan: No      |
| Sanders Re II Ltd.                                   | Sanders Re II 2024-3 Class B                    | CUSIP: 80001RAB7<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |   1475000 | PA      | $1528026.25   | 0.11%             | 2029-04-07      | Floating      | 9.15%                 | Yes           |                  2 | On Loan: No      |
| 3264 Re Ltd.                                         | 3264 Re 2025-1 Class A                          | CUSIP: 88577CAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    491000 | PA      | $516924.80    | 0.04%             | 2028-02-07      | Floating      | 25.15%                | Yes           |                  2 | On Loan: No      |
| Matterhorn Re Ltd.                                   | Matterhorn Re SR2020-2 Class A                  | CUSIP: 577092AD1<br>LEI: 549300QRZ77PO1BYWT39 | Long             | DBT              | CORP              | BM        |   1787826 | PA      | $1430260.47   | 0.10%             | 2027-01-08      | Floating      | 4.00%                 | Yes           |                  3 | On Loan: No      |
| Matterhorn Re Ltd.                                   | Matterhorn Re SR2021-1 Class A                  | CUSIP: 577092AN9<br>LEI: 549300QRZ77PO1BYWT39 | Long             | DBT              | CORP              | BM        |    261000 | PA      | $261469.80    | 0.02%             | 2025-12-08      | Floating      | 9.79%                 | Yes           |                  2 | On Loan: No      |
| Matterhorn Re Ltd.                                   | Matterhorn Re SR2023-1 Class CYB-A              | CUSIP: 577092AV1<br>LEI: 549300QRZ77PO1BYWT39 | Long             | DBT              | CORP              | BM        |   1346000 | PA      | $1353403.00   | 0.10%             | 2026-01-08      | Floating      | 15.90%                | Yes           |                  2 | On Loan: No      |
| Matterhorn Re Ltd.                                   | Matterhorn Re 2025-1 Class B                    | CUSIP: 577092AX7<br>LEI: 549300QRZ77PO1BYWT39 | Long             | DBT              | CORP              | BM        |    432000 | PA      | $446040.00    | 0.03%             | 2028-02-04      | Floating      | 16.15%                | Yes           |                  2 | On Loan: No      |
| Tomoni Re Pte. Ltd.                                  | Tomoni Re Pte 2024-1 Class B                    | CUSIP: 89009PAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    853000 | PA      | $873941.15    | 0.06%             | 2028-04-05      | Floating      | 7.90%                 | Yes           |                  2 | On Loan: No      |
| Torrey Pines Re Ltd                                  | Torrey Pines Re 2025-1 Class B                  | CUSIP: 89141WAM4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1016000 | PA      | $1045768.80   | 0.07%             | 2028-06-07      | Floating      | 8.40%                 | Yes           |                  2 | On Loan: No      |
| Mayflower Re Ltd.                                    | Mayflower Re 2023-1 Class B                     | CUSIP: 57839MAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2082000 | PA      | $2155286.40   | 0.15%             | 2026-07-08      | Floating      | 10.41%                | Yes           |                  2 | On Loan: No      |
| Mayflower Re Ltd.                                    | Mayflower Re 2025-1 Class A                     | CUSIP: 57839MAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1159000 | PA      | $1185483.15   | 0.08%             | 2028-07-07      | Floating      | 7.44%                 | Yes           |                  2 | On Loan: No      |
| Ursa Re Ltd.                                         | Ursa Re 2023-3 Class AA                         | CUSIP: 90323WAP5<br>LEI: 549300O8X4DWGDJZ6W59 | Long             | DBT              | CORP              | BM        |   2194000 | PA      | $2250276.10   | 0.16%             | 2026-12-07      | Floating      | 9.40%                 | Yes           |                  2 | On Loan: No      |
| TREASURY BILL                                        | United States Treasury Bill                     | CUSIP: 912797NU7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12500000 | PA      | $12428182.63  | 0.88%             | 2025-12-26      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Merna Re II Ltd                                      | Merna Re II 2023-1 Class A                      | CUSIP: 59013MAH5<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |   1066000 | PA      | $1114343.10   | 0.08%             | 2026-07-07      | Floating      | 11.65%                | Yes           |                  2 | On Loan: No      |
| Merna Re II Ltd                                      | Merna Re II 2024-3 Class A                      | CUSIP: 59013MAM4<br>LEI: 549300478X5RX87PYX60 | Long             | DBT              | CORP              | BM        |   2931000 | PA      | $3066265.65   | 0.22%             | 2027-07-07      | Floating      | 12.40%                | Yes           |                  2 | On Loan: No      |
| TREASURY BILL                                        | United States Treasury Bill                     | CUSIP: 912797RA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $19872485.60  | 1.41%             | 2026-01-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Veraison Re Ltd.                                     | Veraison Re 2024-1 Class A                      | CUSIP: 92335TAC3<br>LEI: 2549007WYB39A966J434 | Long             | DBT              | CORP              | BM        |   1096000 | PA      | $1122084.80   | 0.08%             | 2027-03-08      | Floating      | 8.64%                 | Yes           |                  2 | On Loan: No      |
| Veraison Re Ltd.                                     | Veraison Re 2025-1 Class A                      | CUSIP: 92335TAD1<br>LEI: 2549007WYB39A966J434 | Long             | DBT              | CORP              | BM        |   1795000 | PA      | $1801192.75   | 0.13%             | 2028-03-08      | Floating      | 7.40%                 | Yes           |                  2 | On Loan: No      |
| Excelsa Re Ltd. Segregated Account 6                 | Excelsa Re Ltd.                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |  17021000 | NS      | $20414702.81  | 1.45%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MetroCat Re Ltd                                      | Metrocat Re 2023-1 Class A                      | CUSIP: 59165HAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    321000 | PA      | $326312.55    | 0.02%             | 2026-05-08      | Floating      | 9.65%                 | Yes           |                  2 | On Loan: No      |
| Mona Lisa Re Ltd.                                    | Mona Lisa Re 2025-1 Class A                     | CUSIP: 608800AJ7<br>LEI: 549300R6SO6XBFDC7M25 | Long             | DBT              | CORP              | BM        |    648000 | PA      | $667375.20    | 0.05%             | 2029-01-08      | Floating      | 11.90%                | Yes           |                  2 | On Loan: No      |
| Mona Lisa Re Ltd.                                    | Mona Lisa Re 2025-1 Class B                     | CUSIP: 608800AK4<br>LEI: 549300R6SO6XBFDC7M25 | Long             | DBT              | CORP              | BM        |    678000 | PA      | $699085.80    | 0.05%             | 2028-01-07      | Floating      | 14.40%                | Yes           |                  2 | On Loan: No      |
| Montoya Re Ltd.                                      | Montoya Re 2022-2 Class A                       | CUSIP: 613752AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    476000 | PA      | $498086.40    | 0.04%             | 2026-04-07      | Floating      | 17.30%                | Yes           |                  2 | On Loan: No      |
| MSILF Government Portfolio                           | MSILF Government Portfolio                      | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |  39021541 | NS      | $39021540.91  | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Mountain Re Ltd.                                     | Mountain Re 2023-1 Class A                      | CUSIP: 62426LAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    804000 | PA      | $829647.60    | 0.06%             | 2026-06-05      | Floating      | 10.64%                | Yes           |                  2 | On Loan: No      |
| Harambee Holdings Ltd.                               | Harambee Re 2018                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |       276 | NS      | $166019.43    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Iseo (Artex Segregated Account Company)              | Iseo (Artex Segregated Account Company)         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    183543 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Mystic Re IV Ltd.                                    | Mystic Re IV 2025-1 Class A                     | CUSIP: 62865LAF4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    446000 | PA      | $452310.90    | 0.03%             | 2028-01-10      | Floating      | 7.95%                 | Yes           |                  2 | On Loan: No      |
| Mystic Re IV Ltd.                                    | Mystic Re IV 2025-1 Class B                     | CUSIP: 62865LAG2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    282000 | PA      | $293237.70    | 0.02%             | 2028-01-10      | Floating      | 14.20%                | Yes           |                  2 | On Loan: No      |
| Mystic Re IV Ltd.                                    | Mystic Re IV 2025-1 Class C                     | CUSIP: 62865LAH0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    714000 | PA      | $624750.00    | 0.04%             | 2028-01-10      | Floating      | 17.90%                | Yes           |                  2 | On Loan: No      |
| Nakama Re Ltd.                                       | Nakama Re 2025-1 Class 1                        | CUSIP: 62984JAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    268000 | PA      | $270505.80    | 0.02%             | 2030-04-23      | Floating      | 6.05%                 | Yes           |                  2 | On Loan: No      |
| Mohonk (Artex Segregated Account Company)            | Mohonk (Artex Segregated Account Company)       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |       103 | NS      | $66606977.74  | 4.73%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Mulholland (Artex Segregated Account Company)        | Mulholland (Artex Segregated Account Company)   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |       114 | NS      | $128590.49    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Nature Coast Re Ltd.                                 | Nature Coast Re 2024-1 Class A                  | CUSIP: 63901CAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    469000 | PA      | $532877.80    | 0.04%             | 2028-06-07      | Floating      | 19.43%                | Yes           |                  2 | On Loan: No      |
| Northshore Re II Limited                             | Northshore Re II 2025-1 Class A                 | CUSIP: 666842AF6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    897000 | PA      | $911979.90    | 0.06%             | 2028-04-07      | Floating      | 8.95%                 | Yes           |                  2 | On Loan: No      |
| Series 2021-A Segregated Account (Sussex Re Limited) | Sussex Re 2021-A                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    344570 | PA      | $0.00         | 0.00%             | 2026-04-15      | Fixed         | 0.00%                 | Yes           |                  3 | On Loan: No      |
| Hexagon IV Re Ltd.                                   | Hexagon IV Re 2023-1 Class A                    | CUSIP: 000000000<br>LEI: 984500B4771ADC9FDE26 | Long             | DBT              | CORP              | BM        |    772000 | PA      | $913911.96    | 0.06%             | 2028-01-21      | Floating      | 10.43%                | Yes           |                  2 | On Loan: No      |
| 1886 Re Ltd.                                         | 1886 Re 2025-1 Class A                          | CUSIP: 68252UAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    427000 | PA      | $447239.80    | 0.03%             | 2029-07-09      | Floating      | 8.40%                 | Yes           |                  2 | On Loan: No      |
| Purple Re Ltd.                                       | Purple Re 2025-1 Class A                        | CUSIP: 74639NAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    650000 | PA      | $690495.00    | 0.05%             | 2028-06-07      | Floating      | 11.19%                | Yes           |                  2 | On Loan: No      |
| Purple Re Ltd.                                       | Purple Re 2025-1 Class B                        | CUSIP: 74639NAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    709000 | PA      | $742323.00    | 0.05%             | 2028-06-07      | Floating      | 11.69%                | Yes           |                  2 | On Loan: No      |
| Residential Reinsurance 2025 Limited                 | Residential Re 2025-I Class 13                  | CUSIP: 76091DAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    266000 | PA      | $275137.10    | 0.02%             | 2029-06-06      | Floating      | 17.04%                | Yes           |                  2 | On Loan: No      |
| Residential Reinsurance 2025 Limited                 | Residential Re 2025-II Class 5                  | CUSIP: 76091JAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    420000 | PA      | $420000.00    | 0.03%             | 2029-12-06      | Floating      | 7.16%                 | Yes           |                  2 | On Loan: No      |
| Residential Reinsurance 2023 Limited                 | Residential Re 2023-I Class 13                  | CUSIP: 76133XAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1887000 | PA      | $990675.00    | 0.07%             | 2027-06-06      | Floating      | 11.54%                | Yes           |                  3 | On Loan: No      |
| Sakura Re Ltd.                                       | Sakura Re 2022-1 Class A                        | CUSIP: 79381MAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    841000 | PA      | $855297.00    | 0.06%             | 2026-01-05      | Floating      | 17.45%                | Yes           |                  2 | On Loan: No      |
| Sanders Re III Ltd.                                  | Sanders Re III 2023-2 Class A                   | CUSIP: 799925AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2129000 | PA      | $2212350.35   | 0.16%             | 2026-06-05      | Floating      | 11.62%                | Yes           |                  2 | On Loan: No      |
| Sanders Re III Ltd.                                  | Sanders Re III 2024-1 Class A                   | CUSIP: 799927AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1627000 | PA      | $1717379.85   | 0.12%             | 2028-04-07      | Floating      | 9.46%                 | Yes           |                  2 | On Loan: No      |
| Sanders Re III Ltd.                                  | Sanders Re III 2022-1 Class A                   | CUSIP: 80000XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    900000 | PA      | $905670.00    | 0.06%             | 2026-04-07      | Floating      | 7.24%                 | Yes           |                  2 | On Loan: No      |
| Sanders Re III Ltd.                                  | Sanders Re III 2022-3 Class A                   | CUSIP: 80000YAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    789000 | PA      | $827897.70    | 0.06%             | 2027-04-07      | Floating      | 9.89%                 | Yes           |                  2 | On Loan: No      |
| Sanders Re II Ltd.                                   | Sanders Re II 2025-2 Class A-1                  | CUSIP: 80001AAA6<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |    304000 | PA      | $322194.40    | 0.02%             | 2028-06-07      | Floating      | 11.20%                | Yes           |                  2 | On Loan: No      |
| Sanders Re III Ltd.                                  | Sanders Re III 2023-1 Class A                   | CUSIP: 80001QAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    423000 | PA      | $439327.80    | 0.03%             | 2027-04-07      | Floating      | 9.37%                 | Yes           |                  2 | On Loan: No      |
| Sanders Re III Ltd.                                  | Sanders Re III 2023-1 Class B                   | CUSIP: 80001QAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    528000 | PA      | $548169.60    | 0.04%             | 2027-04-07      | Floating      | 19.74%                | Yes           |                  2 | On Loan: No      |
| Sanders Re II Ltd.                                   | Sanders Re II 2025-1 Class A                    | CUSIP: 80001TAA5<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |   1074000 | PA      | $1106434.80   | 0.08%             | 2028-04-07      | Floating      | 7.90%                 | Yes           |                  2 | On Loan: No      |
| Sanders Re II Ltd.                                   | Sanders Re II 2025-1 Class B-2                  | CUSIP: 80001TAD9<br>LEI: 254900VRQU0N0MF3CT92 | Long             | DBT              | CORP              | BM        |   1854000 | PA      | $1938449.70   | 0.14%             | 2030-04-08      | Floating      | 8.65%                 | Yes           |                  2 | On Loan: No      |
| Solis Re Ltd.                                        | Solis Re 2025-1 Class A                         | CUSIP: 83423TAA9<br>LEI: 98450059AF1FA0FE4B29 | Long             | DBT              | CORP              | BM        |    497000 | PA      | $507263.05    | 0.04%             | 2028-07-07      | Floating      | 7.40%                 | Yes           |                  2 | On Loan: No      |
| Solomon Re Ltd.                                      | Solomon Re 2023-1 Class A                       | CUSIP: 83427GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    379000 | PA      | $387243.25    | 0.03%             | 2026-06-08      | Floating      | 9.22%                 | Yes           |                  2 | On Loan: No      |
| 3264 Re Ltd.                                         | 3264 Re 2025-1 Class B                          | CUSIP: 88577CAF8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    491000 | PA      | $494608.85    | 0.04%             | 2028-02-07      | Floating      | 6.90%                 | Yes           |                  2 | On Loan: No      |
| Ursa Re Ltd.                                         | Ursa Re 2023-1 Class AA                         | CUSIP: 90323WAL4<br>LEI: 549300O8X4DWGDJZ6W59 | Long             | DBT              | CORP              | BM        |    633000 | PA      | $634234.35    | 0.05%             | 2025-12-06      | Floating      | 9.40%                 | Yes           |                  2 | On Loan: No      |
| TREASURY BILL                                        | United States Treasury Bill                     | CUSIP: 912797QQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25000000 | PA      | $24973297.25  | 1.77%             | 2025-11-13      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Ursa Re II Ltd.                                      | Ursa Re II 2022-2 Class C                       | CUSIP: 91734PAG1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    526000 | PA      | $528367.00    | 0.04%             | 2025-12-06      | Floating      | 14.15%                | Yes           |                  2 | On Loan: No      |
| Veraison Re Ltd.                                     | Veraison Re 2023-1 Class A                      | CUSIP: 92335TAA7<br>LEI: 2549007WYB39A966J434 | Long             | DBT              | CORP              | BM        |    760000 | PA      | $769880.00    | 0.05%             | 2026-03-09      | Variable      | 10.65%                | Yes           |                  2 | On Loan: No      |
| Vitality Re XV Limited                               | Vitality Re XV 2024 Class A                     | CUSIP: 92847CAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    372000 | PA      | $374548.20    | 0.03%             | 2028-01-07      | Floating      | 6.40%                 | Yes           |                  2 | On Loan: No      |
| Vitality Re XVI Limited                              | Vitality Re XVI 2025 Class A                    | CUSIP: 92849FAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    359000 | PA      | $359017.95    | 0.03%             | 2029-01-08      | Floating      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| Vitality Re XIV Limited                              | Vitality Re XIV 2023 Class A                    | CUSIP: 92851QAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    629000 | PA      | $642680.75    | 0.05%             | 2027-01-05      | Floating      | 7.40%                 | Yes           |                  2 | On Loan: No      |
| Wrigley Re Ltd.                                      | Wrigley Re 2023-1 Class A                       | CUSIP: 982533AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    507000 | PA      | $521576.25    | 0.04%             | 2026-08-07      | Floating      | 10.13%                | Yes           |                  2 | On Loan: No      |
| Arenal (Artex Segregated Account Company)            | Arenal (Artex Segregated Account Company)       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    165450 | NS      | $49752994.48  | 3.53%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Brighton (Horseshoe Re)                              | Brighton (Horseshoe Re)                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |   1022526 | NS      | $1667348.28   | 0.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cypress (Horseshoe Re)                               | Cypress (Horseshoe Re)                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        | 125090500 | NS      | $2035472.62   | 0.14%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Madison (Artex Segregated Account Company)           | Madison (Artex Segregated Account Company)      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     97141 | NS      | $23798752.48  | 1.69%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Magnolia (Artex Segregated Account Company)          | Magnolia (Artex Segregated Account Company)     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     24436 | NS      | $41164110.97  | 2.92%             |  |  |  | Yes           |                  3 | On Loan: No      |
| POINT DUME LLP                                       | POINT DUME LLP                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |         1 | NS      | $19345356.03  | 1.37%             |  |  |  | No            |                  3 | On Loan: No      |
| Sheepshead (Horseshoe Re)                            | Sheepshead (Horseshoe Re)                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    969034 | NS      | $1626536.17   | 0.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SR0005 (Horseshoe Re)                                | SR0005 (Horseshoe Re)                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |   6966774 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SR0006 (Horseshoe Re)                                | SR0006 (Horseshoe Re)                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |  39381541 | NS      | $71831.93     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| St Kevins (Artex Segregated Account Company)         | St. Kevins (Artex Segregated Account Company)   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     42944 | NS      | $3797500.09   | 0.27%             |  |  |  | Yes           |                  3 | On Loan: No      |
| IBRD                                                 | IBRD CAR 131                                    | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | CORP              | US        |   2946000 | PA      | $2964412.50   | 0.21%             | 2026-03-31      | Floating      | 8.99%                 | Yes           |                  2 | On Loan: No      |
| Totara Re Pte. Ltd.                                  | Totara Re Pte. 2023-1                           | CUSIP: 000000000<br>LEI: 984500B2A09D0F655059 | Long             | DBT              | CORP              | SG        |   2171000 | PA      | $1273971.21   | 0.09%             | 2027-06-08      | Fixed         | 13.38%                | Yes           |                  2 | On Loan: No      |
| Blue Sky Re DAC                                      | Blue Sky Re DAC 2023-1                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    353000 | PA      | $417686.35    | 0.03%             | 2027-01-26      | Floating      | 8.23%                 | Yes           |                  2 | On Loan: No      |
| Azzurro Re II                                        | Azzurro Re II DAC 2024-1 Class A                | CUSIP: 000000000<br>LEI: 635400NZWVDIAI82JP08 | Long             | DBT              | CORP              | IE        |    628000 | PA      | $730448.03    | 0.05%             | 2028-04-20      | Floating      | 8.39%                 | Yes           |                  2 | On Loan: No      |
| IBRD                                                 | IBRD CAR 134 Class C                            | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | CORP              | US        |   1408000 | PA      | $1526764.80   | 0.11%             | 2028-04-24      | Floating      | 17.74%                | Yes           |                  2 | On Loan: No      |
| MMIFS Re Ltd.                                        | MMIFS Re 2025-1 Class A                         | CUSIP: 000000000<br>LEI: 254900C86PCL10JRTQ88 | Long             | DBT              | CORP              | BM        |    942000 | PA      | $672674.84    | 0.05%             | 2028-01-10      | Floating      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| Baltic PCC Ltd                                       | Baltic PCC 2025-1 Class A                       | CUSIP: 000000000<br>LEI: 549300GX6EH3ZRCQFX14 | Long             | DBT              | CORP              | GB        |    546000 | PA      | $717279.07    | 0.05%             | 2028-04-06      | Floating      | 9.85%                 | Yes           |                  2 | On Loan: No      |
| Yoho (Artex Segregated Account Company)              | Yoho (Artex Segregated Account Company)         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    357363 | NS      | $1746897.20   | 0.12%             |  |  |  | Yes           |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-30

**Name of Applicant:** Stone Ridge Trust II

**Signature:** Maura Keselowsky

**Name of Signer:** Maura Keselowsky

**Title:** Treasurer and Principal Financial Officer