# EDGAR Filing Document

**Accession Number:** 0001581005
**File Stem:** 0001145549-25-043980
**Filing Date:** 2025-6
**Character Count:** 114931
**Document Hash:** 02591051f8b7dd9842f6a43d63099d58
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-043980.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001145549-25-043980

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250627

**DATE AS OF CHANGE**: 20250627

**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:** 251085508

**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:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1157493248.74

**Total Liabilities:** $5929534.37

**Net Assets:** $1151563714.37

**Amount of Assets Invested in Other Investment Companies:** $25257784.84

**Cash Not Reported:** $4240065.46

**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 | -1.92%               | 2.54%                | 2.09%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $737.04                  | $-46875390.72                              |
| Month 2  | $-10599249.69            | $22519505.82                               |
| Month 3  | $6999.23                 | $-20870178.21                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alamo Re Ltd.                                        | Alamo Re 2024-1 Class B                         | CUSIP: 011395AP5<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |   4761000 | PA      | $4963794.80   | 0.43%             | 2027-06-07      | Floating      | 12.08%                | 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      | $648059.05    | 0.06%             | 2027-04-07      | Floating      | 9.56%                 | Yes           |                  2 | On Loan: No      |
| Catahoula II Re Pte. Ltd.                            | Catahoula Re II 2022-1 Class A                  | CUSIP: 148805AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   2000000 | PA      | $2013997.00   | 0.17%             | 2025-06-16      | Floating      | 15.52%                | 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      | $1030351.45   | 0.09%             | 2026-06-07      | Floating      | 10.92%                | 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      | $904159.46    | 0.08%             | 2026-06-07      | Floating      | 13.10%                | 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      | $469573.80    | 0.04%             | 2029-01-08      | Floating      | 15.06%                | Yes           |                  2 | On Loan: No      |
| Hestia Re Ltd.                                       | Hestia Re 2025-1 Class A                        | CUSIP: 42815KAC6<br>LEI: 549300QRKQ1ZKOXEMZ38 | Long             | DBT              | CORP              | BM        |   1148000 | PA      | $1141346.19   | 0.10%             | 2028-03-13      | Floating      | 11.08%                | Yes           |                  2 | On Loan: No      |
| Integrity Re Ltd                                     | Integrity Re 2023-1 Class A                     | CUSIP: 45833UAH4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    687000 | PA      | $693438.91    | 0.06%             | 2025-06-06      | Floating      | 17.14%                | 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      | $254969.70    | 0.02%             | 2028-06-06      | Floating      | 6.83%                 | 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      | $843307.40    | 0.07%             | 2027-04-06      | Floating      | 14.28%                | 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      | $364457.70    | 0.03%             | 2026-01-30      | Floating      | 14.55%                | Yes           |                  2 | On Loan: No      |
| Matterhorn Re Ltd.                                   | Matterhorn Re SR2021-1 Class A                  | CUSIP: 577092AN9<br>LEI: 549300QRZ77PO1BYWT39 | Long             | DBT              | CORP              | BM        |    261000 | PA      | $255829.07    | 0.02%             | 2025-12-08      | Floating      | 10.11%                | 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      | $649168.02    | 0.06%             | 2029-01-08      | Floating      | 12.31%                | 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      | $284668.00    | 0.02%             | 2028-01-10      | Floating      | 14.56%                | 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      | $303450.00    | 0.03%             | 2028-01-10      | Floating      | 18.31%                | Yes           |                  3 | 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      | $1350704.15   | 0.12%             | 2026-12-07      | Floating      | 14.31%                | 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      | $1019295.50   | 0.09%             | 2026-01-07      | Floating      | 17.33%                | 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      | $1731850.28   | 0.15%             | 2028-01-07      | Floating      | 14.80%                | 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      | $836742.81    | 0.07%             | 2027-12-06      | Floating      | 12.73%                | 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      | $435436.24    | 0.04%             | 2028-12-06      | Floating      | 17.56%                | 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      | $105350.00    | 0.01%             | 2025-06-06      | Floating      | 9.82%                 | 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      | 4.81%                 | 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      | $676958.70    | 0.06%             | 2029-01-08      | Floating      | 9.83%                 | Yes           |                  2 | On Loan: No      |
| Sanders Re III Ltd.                                  | Sanders Re III 2022-2 Class B                   | CUSIP: 80001EAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    357000 | PA      | $357446.79    | 0.03%             | 2025-06-07      | Floating      | 12.75%                | 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      | $541067.21    | 0.05%             | 2027-04-07      | Floating      | 19.79%                | 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      | $1071691.97   | 0.09%             | 2028-04-07      | Floating      | 8.33%                 | Yes           |                  2 | On Loan: No      |
| TREASURY BILL                                        | United States Treasury Bill                     | CUSIP: 912797NU7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12500000 | PA      | $12182042.88  | 1.06%             | 2025-12-26      | Fixed         | 0.00%                 | No            |                  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      | $40505100.92  | 3.52%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Brighton (Horseshoe Re)                              | Brighton (Horseshoe Re)                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |   1022526 | NS      | $184345.08    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cypress (Horseshoe Re)                               | Cypress (Horseshoe Re)                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        | 125090500 | NS      | $1990064.76   | 0.17%             |  |  |  | Yes           |                  3 | 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      |
| 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      |
| Madison (Artex Segregated Account Company)           | Madison (Artex Segregated Account Company)      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     97141 | NS      | $18625096.67  | 1.62%             |  |  |  | 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      | $28096176.05  | 2.44%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Peregrine LCA (Peregrine Segregated Account)         | Peregrine LCA                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |   2252060 | NS      | $30291693.36  | 2.63%             |  |  |  | Yes           |                  3 | 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      | $415040.63    | 0.04%             | 2027-01-26      | Floating      | 8.32%                 | Yes           |                  2 | On Loan: No      |
| IBRD                                                 | IBRD CAR 135 Class D                            | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | CORP              | US        |    613000 | PA      | $646977.06    | 0.06%             | 2028-04-24      | Floating      | 16.33%                | Yes           |                  2 | On Loan: No      |
| Lightning Re Ltd.                                    | Lightning Re 2023-1 Class A                     | CUSIP: 532242AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4190000 | PA      | $4301035.00   | 0.37%             | 2026-03-31      | Floating      | 15.31%                | 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      | $1250665.01   | 0.11%             | 2027-05-25      | Floating      | 21.83%                | Yes           |                  2 | On Loan: No      |
| Matterhorn Re Ltd.                                   | Matterhorn Re SR2020-2 Class A                  | CUSIP: 577092AD1<br>LEI: 549300QRZ77PO1BYWT39 | Long             | DBT              | CORP              | BM        |   1873320 | PA      | $1498655.60   | 0.13%             | 2027-01-08      | Floating      | 4.41%                 | Yes           |                  3 | On Loan: No      |
| Matterhorn Re Ltd.                                   | Matterhorn Re 2025-1 Class B                    | CUSIP: 577092AX7<br>LEI: 549300QRZ77PO1BYWT39 | Long             | DBT              | CORP              | BM        |    432000 | PA      | $430252.56    | 0.04%             | 2028-02-04      | Floating      | 16.58%                | 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      | $664555.78    | 0.06%             | 2027-07-08      | Floating      | 8.83%                 | Yes           |                  2 | On Loan: No      |
| MetroCat Re Ltd                                      | Metrocat Re 2023-1 Class A                      | CUSIP: 59165HAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    321000 | PA      | $321457.10    | 0.03%             | 2026-05-08      | Floating      | 10.08%                | 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      | $1679417.87   | 0.15%             | 2028-04-07      | Floating      | 10.04%                | 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      | $886077.90    | 0.08%             | 2026-04-07      | Floating      | 7.70%                 | 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      | $616595.90    | 0.05%             | 2028-04-07      | Floating      | 8.83%                 | 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      | $348221.70    | 0.03%             | 2025-12-06      | Floating      | 12.56%                | 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      | $2614770.41   | 0.23%             | 2026-12-07      | Floating      | 13.56%                | 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      | $2275556.47   | 0.20%             | 2026-12-07      | Floating      | 9.80%                 | 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      | $518439.95    | 0.05%             | 2026-08-07      | Floating      | 10.71%                | 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      | $1212778.75   | 0.11%             | 2026-08-07      | Floating      | 11.41%                | Yes           |                  2 | On Loan: No      |
| Lion III Re DAC                                      | Lion III Re DAC 2021-1                          | CUSIP: 000000000<br>LEI: 6354006E8VRXKKHS6U06 | Long             | DBT              | CORP              | IE        |    404000 | PA      | $457769.72    | 0.04%             | 2025-07-16      | Floating      | 6.63%                 | 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      | $1324568.77   | 0.12%             | 2028-04-06      | Floating      | 5.75%                 | 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      | $386838.67    | 0.03%             | 2026-06-08      | Floating      | 9.83%                 | 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      | $510760.20    | 0.04%             | 2027-04-07      | Floating      | 9.33%                 | 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      | $789193.50    | 0.07%             | 2026-05-26      | Floating      | 17.19%                | Yes           |                  2 | On Loan: No      |
| Caelus Re V Ltd                                      | Caelus Re 2018-1 Class B                        | CUSIP: 12765KAF2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1745000 | PA      | $4449.75      | 0.00%             | 2025-06-09      | Floating      | 4.43%                 | Yes           |                  3 | 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      | $982114.41    | 0.09%             | 2027-01-08      | Floating      | 10.56%                | Yes           |                  2 | On Loan: No      |
| Sakura Re Ltd.                                       | Sakura Re 2022-1 Class A                        | CUSIP: 79381MAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    841000 | PA      | $872841.52    | 0.08%             | 2026-01-05      | Floating      | 17.81%                | 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      | $940997.71    | 0.08%             | 2030-04-08      | Floating      | 8.54%                 | 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      | $491447.79    | 0.04%             | 2028-02-07      | Floating      | 7.31%                 | 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      | $3106527.82   | 0.27%             | 2027-05-13      | Floating      | 15.83%                | Yes           |                  2 | On Loan: No      |
| First American Treasury Obliga                       | First American Treasury Obligations Fund        | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |    193918 | NS      | $193917.63    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FloodSmart Re Ltd.                                   | FloodSmart Re 2022-1 Class B                    | CUSIP: 33975CAK1<br>LEI: 549300KK1LNVFW95S875 | Long             | DBT              | CORP              | BM        |     52645 | PA      | $36262.10     | 0.00%             | 2029-02-26      | Floating      | 4.81%                 | Yes           |                  3 | 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      | $338721.95    | 0.03%             | 2028-01-07      | Floating      | 12.56%                | 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      | $783246.25    | 0.07%             | 2028-06-06      | Floating      | 6.83%                 | 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      | $474585.90    | 0.04%             | 2027-06-06      | Floating      | 6.83%                 | 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      | $421437.59    | 0.04%             | 2028-06-06      | Floating      | 10.06%                | 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      | $809635.51    | 0.07%             | 2027-04-07      | Floating      | 10.56%                | 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      | $431038.69    | 0.04%             | 2027-04-07      | Floating      | 9.84%                 | 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      | $613007.71    | 0.05%             | 2026-06-05      | Floating      | 13.28%                | Yes           |                  2 | 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      | $15688543.63  | 1.36%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sheepshead (Horseshoe Re)                            | Sheepshead (Horseshoe Re)                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    969034 | NS      | $248994.26    | 0.02%             |  |  |  | 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%             | 2025-06-30      | Fixed         | 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      | $143412.97    | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| IBRD                                                 | IBRD CAR 133 Class B                            | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | CORP              | US        |    651000 | PA      | $652617.08    | 0.06%             | 2028-04-24      | Floating      | 15.33%                | Yes           |                  2 | On Loan: No      |
| Hypatia Ltd.                                         | Hypatia Ltd. 2023-1 Class A                     | CUSIP: 44914CAC0<br>LEI: 98450041F85DB4C2C372 | Long             | DBT              | CORP              | BM        |    377000 | PA      | $390591.04    | 0.03%             | 2026-04-08      | Floating      | 14.83%                | 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      | $554905.02    | 0.05%             | 2026-06-06      | Floating      | 21.28%                | 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      | $1066794.12   | 0.09%             | 2027-04-30      | Floating      | 10.55%                | 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      | $1369266.96   | 0.12%             | 2026-01-08      | Floating      | 16.28%                | 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      | $685334.60    | 0.06%             | 2028-01-07      | Floating      | 14.81%                | 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      | $1186894.77   | 0.10%             | 2026-01-08      | Floating      | 13.24%                | Yes           |                  2 | 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      | $512739.64    | 0.04%             | 2028-06-07      | Floating      | 19.06%                | 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      | $380888.95    | 0.03%             | 2029-04-10      | Floating      | 14.06%                | Yes           |                  2 | On Loan: No      |
| Northshore Re II Limited                             | Northshore Re II 2022-1 Class A                 | CUSIP: 666842AE9<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    415000 | PA      | $415207.50    | 0.04%             | 2025-07-08      | Floating      | 12.31%                | 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      | $1399256.58   | 0.12%             | 2029-02-26      | Floating      | 8.81%                 | 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      | $498918.60    | 0.04%             | 2028-01-07      | Floating      | 9.33%                 | 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      | $2999439.36   | 0.26%             | 2027-06-06      | Floating      | 10.84%                | 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      | $53006307.85  | 4.60%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Pelham (Horseshoe Re)                                | Pelham (Horseshoe Re)                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    264553 | NS      | $6060888.86   | 0.53%             |  |  |  | Yes           |                  3 | On Loan: No      |
| POINT DUME LLP                                       | POINT DUME LLP                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |         1 | NS      | $17965765.17  | 1.56%             |  |  |  | No            |                  3 | On Loan: No      |
| IBRD                                                 | IBRD CAR 134 Class C                            | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | CORP              | US        |   1408000 | PA      | $1434158.53   | 0.12%             | 2028-04-24      | Floating      | 17.78%                | 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      | $318888.04    | 0.03%             | 2027-01-07      | Floating      | 10.11%                | 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      | $1956123.99   | 0.17%             | 2027-12-06      | Floating      | 10.23%                | 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      | $681834.83    | 0.06%             | 2028-04-05      | Floating      | 7.56%                 | 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      | $1936212.80   | 0.17%             | 2027-06-07      | Floating      | 10.28%                | 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      | $912994.52    | 0.08%             | 2028-06-07      | Floating      | 10.83%                | Yes           |                  2 | 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      | $1152.15      | 0.00%             |  |  |  | Yes           |                  3 | 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      | $501164.73    | 0.04%             | 2027-06-07      | Floating      | 9.81%                 | 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      | $2120085.68   | 0.18%             | 2027-01-08      | Floating      | 9.53%                 | Yes           |                  2 | On Loan: No      |
| Caelus Re V Ltd                                      | Caelus Re 2018-1 Class A                        | CUSIP: 12765KAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   2681000 | PA      | $2506735.00   | 0.22%             | 2025-06-09      | Floating      | 4.83%                 | 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      | $4226069.87   | 0.37%             | 2027-04-05      | Floating      | 12.33%                | 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      | $860203.20    | 0.07%             | 2027-01-08      | Floating      | 8.30%                 | 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      | $946346.33    | 0.08%             | 2027-03-12      | Floating      | 21.91%                | Yes           |                  2 | On Loan: No      |
| Fidelity Government Portfolio                        | Fidelity Government Portfolio                   | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |  52787771 | NS      | $52787771.04  | 4.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Galileo Re Ltd.                                      | Galileo Re 2023-1 Class A                       | CUSIP: 36354TAN2<br>LEI: 549300MXI75DHMS7JH38 | Long             | DBT              | CORP              | BM        |   1313000 | PA      | $1349356.31   | 0.12%             | 2028-01-07      | Floating      | 11.32%                | 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      | $2319923.44   | 0.20%             | 2026-02-24      | Floating      | 18.29%                | 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      | $646159.62    | 0.06%             | 2025-12-22      | Floating      | 4.33%                 | 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      | $390484.91    | 0.03%             | 2027-01-08      | Floating      | 27.29%                | 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      | $1547080.34   | 0.13%             | 2025-11-07      | Floating      | 7.43%                 | 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      | $458061.69    | 0.04%             | 2027-04-30      | Floating      | 22.78%                | 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      | $2582450.73   | 0.22%             | 2027-01-08      | Floating      | 12.28%                | 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      | $802724.61    | 0.07%             | 2027-12-19      | Floating      | 9.81%                 | Yes           |                  2 | On Loan: No      |
| First American Government Obli                       | First American Government Obligations Fund      | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    193918 | NS      | $193917.63    | 0.02%             |  |  |  | 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      | $853864.90    | 0.07%             | 2028-01-07      | Floating      | 9.81%                 | 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      | $410346.43    | 0.04%             | 2026-01-08      | Floating      | 11.33%                | 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      | $1517033.40   | 0.13%             | 2027-07-07      | Floating      | 6.33%                 | 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      | $1171266.14   | 0.10%             | 2026-04-09      | Floating      | 9.06%                 | 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      | $1328568.46   | 0.12%             | 2028-04-06      | Floating      | 9.28%                 | 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      | $848271.04    | 0.07%             | 2026-07-08      | Floating      | 9.02%                 | 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      | $1320867.43   | 0.11%             | 2026-07-07      | Floating      | 14.66%                | 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      | $821862.13    | 0.07%             | 2028-06-07      | Floating      | 6.28%                 | 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      | $1527025.47   | 0.13%             | 2025-12-08      | Floating      | 11.81%                | 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      | $613275.00    | 0.05%             | 2027-06-06      | Floating      | 15.47%                | Yes           |                  2 | On Loan: No      |
| Gateway Re Ltd.                                      | Gateway Re 2023-3 Class A                       | CUSIP: 36779CAF3<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |    594000 | PA      | $591934.96    | 0.05%             | 2026-07-08      | Floating      | 14.33%                | 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      | $460906.91    | 0.04%             | 2029-01-08      | Floating      | 11.56%                | Yes           |                  2 | On Loan: No      |
| Baldwin (Horseshoe Re)                               | Baldwin (Horseshoe Re)                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |   1328746 | NS      | $43273.27     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| LRe 2019 (Lorenz Re Ltd.)                            | LRe 2019 (Lorenz Re Ltd.)                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |         0 | NS      | $29771.58     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| King Max Re DAC                                      | King Max Re DAC                                 | CUSIP: 000000000<br>LEI: 635400D6MW4WMVI42S36 | Long             | DBT              | CORP              | IE        |    774000 | PA      | $883555.81    | 0.08%             | 2027-01-06      | Variable      | 7.28%                 | 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      | $642390.24    | 0.06%             | 2025-12-06      | Floating      | 9.80%                 | 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      | $1786642.48   | 0.16%             | 2028-03-08      | Floating      | 7.78%                 | Yes           |                  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      | 4.36%                 | Yes           |                  3 | 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      | $375653.97    | 0.03%             | 2028-01-07      | Floating      | 6.83%                 | 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      | $259045.32    | 0.02%             | 2028-01-07      | Floating      | 7.83%                 | 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      | $359026.75    | 0.03%             | 2029-01-08      | Floating      | 6.06%                 | 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      | $645147.06    | 0.06%             | 2027-01-05      | Floating      | 7.81%                 | 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      | $495564.42    | 0.04%             | 2028-06-07      | Floating      | 6.29%                 | Yes           |                  2 | On Loan: No      |
| Trouvaille Re Ltd.                                   | Trouvaille Re Ltd.                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |       135 | NS      | $28893778.02  | 2.51%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hestia Re Ltd.                                       | Hestia Re 2025-1 Class B                        | CUSIP: 42815KAD4<br>LEI: 549300QRKQ1ZKOXEMZ38 | Long             | DBT              | CORP              | BM        |    530000 | PA      | $526418.79    | 0.05%             | 2028-03-13      | Floating      | 12.58%                | Yes           |                  2 | 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      | $442731.71    | 0.04%             | 2028-01-10      | Floating      | 8.31%                 | 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      | $267862.25    | 0.02%             | 2030-04-23      | Floating      | 6.43%                 | 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      | $991777.18    | 0.09%             | 2026-04-24      | Floating      | 17.14%                | 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      | $3987433.54   | 0.35%             | 2027-06-07      | Floating      | 10.33%                | 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      | $1111329.54   | 0.10%             | 2026-06-08      | Floating      | 12.56%                | 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      | $1588810.14   | 0.14%             | 2026-06-08      | Floating      | 13.47%                | 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      | $1376557.30   | 0.12%             | 2027-05-07      | Floating      | 14.56%                | 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      | $550319.96    | 0.05%             | 2028-01-07      | Floating      | 12.81%                | Yes           |                  2 | On Loan: No      |
| Baldwin Re Ltd.                                      | Baldwin Re 2021-1 Class A                       | CUSIP: 05826BAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3933000 | PA      | $3927220.46   | 0.34%             | 2025-07-07      | Floating      | 6.34%                 | 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      | $1331242.82   | 0.12%             | 2027-04-30      | Floating      | 12.78%                | 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      | $992991.50    | 0.09%             | 2028-05-08      | Floating      | 4.83%                 | 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      | $205319.37    | 0.02%             | 2026-01-08      | Floating      | 4.30%                 | 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      | $898121.45    | 0.08%             | 2027-05-10      | Floating      | 11.03%                | 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      | $791221.50    | 0.07%             | 2026-07-08      | Floating      | 8.58%                 | 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      | $574685.45    | 0.05%             | 2026-03-31      | Floating      | 13.20%                | Yes           |                  2 | 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      | $12398.37     | 0.00%             | 2026-03-20      | Fixed         | 0.00%                 | Yes           |                  3 | 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      | $1158064.58   | 0.10%             | 2026-07-08      | Floating      | 9.55%                 | Yes           |                  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      | $1093956.92   | 0.09%             | 2026-07-07      | Floating      | 12.04%                | 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      | $2979969.68   | 0.26%             | 2027-07-07      | Floating      | 12.81%                | 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      | $820838.18    | 0.07%             | 2028-05-09      | Floating      | 8.30%                 | 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      | $893455.50    | 0.08%             | 2028-04-07      | Floating      | 9.31%                 | 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      | $1422323.20   | 0.12%             | 2029-04-07      | Floating      | 8.29%                 | 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      | $1466997.39   | 0.13%             | 2029-04-07      | Floating      | 9.54%                 | 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      | $783602.94    | 0.07%             | 2026-03-09      | Variable      | 11.07%                | 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      | $768700.98    | 0.07%             | 2026-03-09      | Variable      | 16.92%                | 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      | $339890.76    | 0.03%             | 2027-01-05      | Floating      | 8.81%                 | 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      | $971959.50    | 0.08%             | 2027-02-26      | Floating      | 14.56%                | Yes           |                  2 | 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      | $40895732.00  | 3.55%             |  |  |  | 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      |
| Azzurro Re II                                        | Azzurro Re II DAC 2024-1 Class A                | CUSIP: 000000000<br>LEI: 635400NZWVDIAI82JP08 | Long             | DBT              | CORP              | IE        |    628000 | PA      | $716143.96    | 0.06%             | 2028-04-20      | Floating      | 8.57%                 | 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      | $41886584.23  | 3.64%             |  |  |  | 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      | $10190938.62  | 0.88%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Harambee Holdings Ltd.                               | Harambee Re 2018                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |       276 | NS      | $61511.49     | 0.01%             |  |  |  | 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      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Peregrine LCA2 (Peregrine Segregated Account)        | Peregrine LCA2                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |   2990240 | NS      | $32900728.60  | 2.86%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Baltic PCC Ltd                                       | Baltic PCC 2025-1 Class A                       | CUSIP: 000000000<br>LEI: 549300GX6EH3ZRCQFX14 | Long             | DBT              | CORP              | GB        |    546000 | PA      | $727650.73    | 0.06%             | 2028-04-06      | Floating      | 10.19%                | 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      | $440626.83    | 0.04%             | 2025-12-22      | Floating      | 4.30%                 | 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      | $541322.23    | 0.05%             | 2026-06-06      | Floating      | 14.78%                | 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      | $567401.98    | 0.05%             | 2027-11-26      | Floating      | 10.58%                | 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      | $1152938.04   | 0.10%             | 2026-06-05      | Floating      | 9.28%                 | 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      | $2741939.62   | 0.24%             | 2026-12-07      | Floating      | 13.05%                | 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      | $849650.61    | 0.07%             | 2028-03-08      | Floating      | 9.28%                 | Yes           |                  2 | On Loan: No      |
| Harambee Re Segregated Account 2019-1                | Harambee Re 2019                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |      2199 | NS      | $14823.46     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Kensington                                           | Kensington (Horseshoe Re)                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    954585 | NS      | $133562.67    | 0.01%             |  |  |  | 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      |
| Yoho (Artex Segregated Account Company)              | Yoho (Artex Segregated Account Company)         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    357363 | NS      | $3596441.20   | 0.31%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Citrus Re Ltd.                                       | Citrus Re 2025-1 Class A                        | CUSIP: 177510AQ7<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |    483000 | PA      | $480531.39    | 0.04%             | 2028-06-07      | Floating      | 6.30%                 | 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      | $58473.23     | 0.01%             | 2027-03-19      | Fixed         | 0.00%                 | Yes           |                  3 | 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      | $3102279.49   | 0.27%             | 2027-05-13      | Floating      | 14.83%                | 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      | $4199882.54   | 0.36%             | 2027-03-12      | Floating      | 18.64%                | 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      | $188512.46    | 0.02%             | 2026-01-07      | Floating      | 10.77%                | 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      | $641720.50    | 0.06%             | 2027-07-08      | Floating      | 9.83%                 | 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      | $421413.13    | 0.04%             | 2027-01-08      | Floating      | 17.81%                | 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      | $262566.00    | 0.02%             | 2026-06-01      | Floating      | 8.55%                 | 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      | $281709.24    | 0.02%             | 2028-02-04      | Floating      | 11.33%                | 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      | $2122599.00   | 0.18%             | 2026-07-08      | Floating      | 10.35%                | 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      | $322105.97    | 0.03%             | 2027-06-25      | Floating      | 14.06%                | 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      | $498642.13    | 0.04%             | 2026-04-07      | Floating      | 18.11%                | 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      | $306019.44    | 0.03%             | 2026-10-13      | Floating      | 6.36%                 | Yes           |                  2 | 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      | $49687116.95  | 4.31%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Mackinac (Artex Segregated Account Company)          | Mackinac (Artex Segregated Account Company)     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     55584 | NS      | $12984.23     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MMIFS Re Ltd.                                        | MMIFS Re 2025-1 Class A                         | CUSIP: 000000000<br>LEI: 254900C86PCL10JRTQ88 | Long             | DBT              | CORP              | BM        |    942000 | PA      | $681991.33    | 0.06%             | 2028-01-10      | Floating      | 5.65%                 | 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      | $1086748.38   | 0.09%             | 2027-11-05      | Floating      | 7.43%                 | Yes           |                  2 | On Loan: No      |
| Alamo Re Ltd.                                        | Alamo Re 2022-1 Class A                         | CUSIP: 011395AH3<br>LEI: 5493003E22VRD25G0S03 | Long             | DBT              | CORP              | BM        |   1356000 | PA      | $1359872.74   | 0.12%             | 2025-06-07      | Floating      | 11.85%                | 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      | $2644092.67   | 0.23%             | 2026-06-07      | Floating      | 12.72%                | 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      | $4003811.53   | 0.35%             | 2026-06-07      | Floating      | 15.58%                | Yes           |                  2 | On Loan: No      |
| Mountain Re Ltd.                                     | Mountain Re 2023-1 Class A                      | CUSIP: 62426LAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    804000 | PA      | $823939.60    | 0.07%             | 2026-06-05      | Floating      | 11.10%                | 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      | $965171.97    | 0.08%             | 2027-06-07      | Floating      | 13.81%                | 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      | $2416544.55   | 0.21%             | 2027-06-07      | Floating      | 13.28%                | 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      | $2023802.78   | 0.18%             | 2026-06-19      | Floating      | 11.06%                | 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      | $488870.29    | 0.04%             | 2028-02-07      | Floating      | 25.56%                | Yes           |                  2 | 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      | $1316133.15   | 0.11%             | 2027-06-07      | Floating      | 11.53%                | 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      | $1015995.94   | 0.09%             | 2028-06-07      | Floating      | 8.83%                 | 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      | $2350032.07   | 0.20%             | 2028-02-22      | Floating      | 11.81%                | Yes           |                  2 | On Loan: No      |
| TREASURY BILL                                        | United States Treasury Bill                     | CUSIP: 912797LN5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9950702.50   | 0.86%             | 2025-06-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                                        | United States Treasury Bill                     | CUSIP: 912797QA8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9912829.20   | 0.86%             | 2025-07-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Ursa Re II Ltd.                                      | Ursa Re II 2022-1 Class A                       | CUSIP: 91734PAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    457000 | PA      | $457067.41    | 0.04%             | 2025-06-16      | Floating      | 9.31%                 | Yes           |                  2 | On Loan: No      |
| Veraison Re Ltd.                                     | Veraison Re 2024-1 Class A                      | CUSIP: 92335TAC3<br>LEI: 2549007WYB39A966J434 | Long             | DBT              | CORP              | BM        |   1096000 | PA      | $1121261.16   | 0.10%             | 2027-03-08      | Floating      | 9.03%                 | Yes           |                  2 | 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      | $610613.54    | 0.05%             | 2026-01-06      | Floating      | 6.31%                 | 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      | $403460.85    | 0.04%             | 2027-02-26      | Floating      | 16.06%                | Yes           |                  2 | 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      | $42721286.15  | 3.71%             |  |  |  | Yes           |                  3 | 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      |
| Thopas Re Ltd. Segregated Account 2024-2 (S)         | Thopas Re Ltd. 2024-2 (S)                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    244059 | NS      | $26188862.61  | 2.27%             |  |  |  | Yes           |                  3 | On Loan: No      |
| IBRD                                                 | IBRD CAR 131                                    | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | CORP              | US        |   2946000 | PA      | $2980494.71   | 0.26%             | 2026-03-31      | Floating      | 9.03%                 | 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      | $301483.04    | 0.03%             | 2028-01-21      | Floating      | 11.17%                | Yes           |                  2 | On Loan: No      |
| IBRD                                                 | IBRD CAR 136                                    | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | CORP              | US        |   2108000 | PA      | $2112613.36   | 0.18%             | 2027-12-29      | Floating      | 11.33%                | Yes           |                  2 | On Loan: No      |
| Citrus Re Ltd.                                       | Citrus Re 2024-1 Class B                        | CUSIP: 177510AP9<br>LEI: 549300VWWT5SE805NK88 | Long             | DBT              | CORP              | BM        |    508000 | PA      | $525524.22    | 0.05%             | 2027-06-07      | Floating      | 14.83%                | 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      | $2147271.28   | 0.19%             | 2027-05-13      | Floating      | 17.08%                | 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      | $501068.01    | 0.04%             | 2026-02-24      | Floating      | 24.73%                | 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      | $415856.03    | 0.04%             | 2028-07-07      | Floating      | 6.33%                 | 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      | $252973.08    | 0.02%             | 2028-07-07      | Floating      | 6.33%                 | 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      | $623169.60    | 0.05%             | 2026-04-27      | Floating      | 13.23%                | 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      | $2600166.95   | 0.23%             | 2027-01-06      | Floating      | 9.95%                 | 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      | $309302.19    | 0.03%             | 2026-06-06      | Floating      | 17.53%                | 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      | $314897.66    | 0.03%             | 2028-06-06      | Floating      | 6.83%                 | Yes           |                  2 | 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      | $271426.13    | 0.02%             | 2029-04-09      | Floating      | 7.08%                 | 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      | $461309.21    | 0.04%             | 2026-07-08      | Floating      | 8.71%                 | 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      | $1423714.76   | 0.12%             | 2027-07-07      | Floating      | 11.56%                | Yes           |                  2 | On Loan: No      |
| MSILF Government Portfolio                           | MSILF Government Portfolio                      | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |  52987565 | NS      | $52987564.96  | 4.60%             |  |  |  | No            |                  1 | 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      | $481209.97    | 0.04%             | 2026-12-07      | Floating      | 17.81%                | 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      | $1158773.20   | 0.10%             | 2029-01-16      | Floating      | 14.06%                | 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      | $693265.62    | 0.06%             | 2026-06-05      | Floating      | 14.81%                | 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      | $1897415.00   | 0.16%             | 2026-06-06      | Floating      | 8.52%                 | 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      | $499168.12    | 0.04%             | 2027-04-07      | Floating      | 12.56%                | 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      | $1851991.19   | 0.16%             | 2030-04-08      | Floating      | 9.08%                 | 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      | $535380.92    | 0.05%             | 2027-11-26      | Floating      | 13.83%                | 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      | $867453.66    | 0.08%             | 2028-04-05      | Floating      | 8.31%                 | 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      | $912997.26    | 0.08%             | 2028-06-07      | Floating      | 8.08%                 | Yes           |                  2 | On Loan: No      |
| TREASURY BILL                                        | United States Treasury Bill                     | CUSIP: 912797NX1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12500000 | PA      | $12408341.63  | 1.08%             | 2025-07-03      | Fixed         | 0.00%                 | No            |                  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      | $338449.65    | 0.03%             | 2025-12-06      | Floating      | 11.30%                | Yes           |                  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      | $543195.99    | 0.05%             | 2025-12-06      | Floating      | 14.55%                | 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      | $673153.54    | 0.06%             | 2028-02-21      | Floating      | 10.83%                | Yes           |                  2 | On Loan: No      |
| Freeport (Horseshoe Re)                              | Freeport (Horseshoe Re)                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    750718 | NS      | $0.00         | 0.00%             |  |  |  | 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      | $23594637.74  | 2.05%             |  |  |  | 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      | $22981723.42  | 2.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SR0001 (Horseshoe Re)                                | SR0001 (Horseshoe Re)                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |      1757 | NS      | $1454536.73   | 0.13%             |  |  |  | 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      | $3003457.86   | 0.26%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Totara Re Pte. Ltd.                                  | Totara Re Pte. 2023-1                           | CUSIP: 000000000<br>LEI: 984500B2A09D0F655059 | Long             | DBT              | CORP              | SG        |   2171000 | PA      | $1321385.89   | 0.11%             | 2027-06-08      | Fixed         | 13.38%                | 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      | $1223334.63   | 0.11%             | 2027-01-19      | Floating      | 5.76%                 | Yes           |                  2 | 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      | $888322.11    | 0.08%             | 2028-01-21      | Floating      | 10.61%                | Yes           |                  2 | On Loan: No      |
| IBRD                                                 | IBRD CAR 132 Class A                            | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | CORP              | US        |   1865000 | PA      | $1896367.44   | 0.16%             | 2028-04-24      | Floating      | 8.33%                 | 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      | $209604284.21 | 18.20%            |  |  |  | Yes           |                  3 | On Loan: No      |
| Gateway Re Ltd.                                      | Gateway Re 2025-2 Class A                       | CUSIP: 36779CAS5<br>LEI: 549300ZYFWQV9RCIN520 | Long             | DBT              | CORP              | BM        |    583000 | PA      | $581511.60    | 0.05%             | 2028-07-07      | Floating      | 6.31%                 | 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      | $766000.00    | 0.07%             | 2028-04-07      | Floating      | 7.53%                 | 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      | $421579.69    | 0.04%             | 2028-04-07      | Floating      | 12.04%                | 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      | $3752.14      | 0.00%             | 2029-04-22      | Floating      | 4.83%                 | Yes           |                  3 | On Loan: No      |
| Integrity Re Ltd                                     | Integrity Re 2024-1 Class D                     | CUSIP: 45833UAM3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    852000 | PA      | $820426.16    | 0.07%             | 2026-06-06      | Floating      | 27.28%                | 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      | $900010.20    | 0.08%             | 2028-12-06      | Floating      | 9.56%                 | Yes           |                  2 | 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      | $465330.78    | 0.04%             |  |  |  | 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      |
| Acorn Re Ltd.                                        | Acorn Re 2023-1 Class A                         | CUSIP: 00485YAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   1096000 | PA      | $1120113.10   | 0.10%             | 2026-11-06      | Floating      | 8.63%                 | 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      | $429950.52    | 0.04%             | 2027-07-07      | Floating      | 9.10%                 | 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      | $3519396.50   | 0.31%             | 2026-04-28      | Floating      | 12.75%                | 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      | $3899601.00   | 0.34%             | 2028-03-13      | Floating      | 11.23%                | 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      | $408452.66    | 0.04%             | 2028-06-07      | Floating      | 6.30%                 | 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      | $1817122.42   | 0.16%             | 2027-07-07      | Floating      | 13.06%                | 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      | $309313.71    | 0.03%             | 2027-06-07      | Floating      | 13.31%                | 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      | $269501.29    | 0.02%             | 2026-06-08      | Floating      | 9.94%                 | 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      | $1289679.52   | 0.11%             | 2026-05-26      | Floating      | 23.98%                | 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      | $1012913.56   | 0.09%             | 2028-01-07      | Floating      | 8.28%                 | 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      | $1114124.00   | 0.10%             | 2028-12-06      | Floating      | 11.31%                | 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      | $972191.50    | 0.08%             | 2025-12-06      | Floating      | 10.36%                | 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      | $2202436.66   | 0.19%             | 2026-06-05      | Floating      | 12.43%                | 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      | $2275521.22   | 0.20%             | 2026-06-19      | Floating      | 14.06%                | 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      | $344961.29    | 0.03%             | 2026-06-05      | Floating      | 12.79%                | Yes           |                  2 | On Loan: No      |
| SR0006 (Horseshoe Re)                                | SR0006 (Horseshoe Re)                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |  39381541 | NS      | $34183.18     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-25

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

**Signature:** Maura Keselowsky

**Name of Signer:** Maura Keselowsky

**Title:** Treasurer and Principal Financial Officer