# EDGAR Filing Document

**Accession Number:** 0000885709
**File Stem:** 0000940400-25-002831
**Filing Date:** 2025-9
**Character Count:** 176237
**Document Hash:** be8e2984cf1354815b7f0040c74e36a1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-002831.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0000940400-25-002831

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **CENTRAL INDEX KEY:** 0000885709

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06625
- **FILM NUMBER:** 251348692

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 2136251900

**MAIL ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDENFUNDS
- **DATE OF NAME CHANGE:** 20010423

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **DATE OF NAME CHANGE:** 19940104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** P&R INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### Payden Absolute Return Bond Fund (Series ID: S000047032)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000146994 | Payden Absolute Return Bond Fund (Investor Class) | PYARX           |
| C000146996 | Payden Absolute Return Bond Fund (SI Class)       | PYAIX           |
| C000248247 | Payden Absolute Return Bond Fund (Adviser Class)  | PYABX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PAYDEN & RYGEL INVESTMENT GROUP

- **b. Investment Company Act file number:** 811-06625

- **c. CIK number of Registrant:** 0000885709

- **d. LEI of Registrant:** 549300QJNYRKYZS3P282

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

  - **Street Address 1:** 333 South Grand Avenue

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90071

  - **Telephone number:** 213-625-1900

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

- **a. Name of Series:** Payden Absolute Return Bond Fund

- **b. EDGAR series identifier (if any):** S000047032

- **c. LEI of Series:** 549300Y00UG1BOK6J419

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

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

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $672157439.88

**Total Liabilities:** $19613804.84

**Net Assets:** $652543635.04

**Delayed Delivery Securities:** $9216360.14

**Cash Not Reported:** $5546000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 4.00000000 | **1-Year:** 16.00000000 | **5-Year:** 17460.00000000 | **10-Year:** 58841.00000000 | **30-Year:** 59125.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 130.00000000 | **5-Year:** 1952.00000000 | **10-Year:** 24587.00000000 | **30-Year:** 12263.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000248247 | 0.14%                | 0.96%                | -0.10%               |
| Class ID C000146996 | 0.18%                | 1.11%                | -0.06%               |
| Class ID C000146994 | 0.16%                | 0.98%                | -0.07%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-451497.68              | $2124912.69                                |
| Month 2  | $162782.17               | $7270904.96                                |
| Month 3  | $1660392.88              | $-5348483.68                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Onslow Bay Financial LLC                                     | OBX 2024-NQM18 Trust                                                  | CUSIP: 673913AA7<br>LEI: 254900NK9PNLY9I00149 | Long             | ABS-MBS          | CORP              | US        |   3588421 | PA      | $3578368.09   | 0.55%             | 2064-10-25      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                             | Paramount Global                                                      | CUSIP: 92556HAB3<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    525000 | PA      | $512160.23    | 0.08%             | 2031-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| UNITED AUTO CREDIT SECURITIZATION TRUST 2022-2               | UNITED AUTO CREDIT SECURITIZATION TRUST 2022-2                        | CUSIP: 90944KAG0<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        85 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AUTOZONE INC                                                 | AutoZone Inc                                                          | CUSIP: 053332BK7<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |    775000 | PA      | $792062.62    | 0.12%             | 2034-07-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL MUSIC GROUP NV                                     | Universal Music Group NV                                              | CUSIP: 000000000<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | DBT              | CORP              | NL        |   1225000 | PA      | $1456261.56   | 0.22%             | 2031-06-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                          | Freddie Mac STACR REMIC Trust 2021-HQA3                               | CUSIP: 35564KKK4<br>LEI: 5493000ISHRHX47NOH65 | Long             | ABS-MBS          | CORP              | US        |   3900000 | PA      | $3985846.02   | 0.61%             | 2041-09-25      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                   | MXN/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $14070.68     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                            | EURO-BUXL 30Y BND                                                     | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |        -4 | NC      | $12863.70     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| IVORY COAST                                                  | Ivory Coast Government International Bond                             | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    917000 | PA      | $924742.34    | 0.14%             | 2028-03-03      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Regatta XIII Funding LLC                                     | Regatta XIII Funding Ltd                                              | CUSIP: 75888FAN5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1350000 | PA      | $1350564.30   | 0.21%             | 2031-07-15      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| EQUITABLE AMERICA GLOBAL                                     | Equitable America Global Funding                                      | CUSIP: 29446Q2A0<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |    625000 | PA      | $626988.26    | 0.10%             | 2028-06-09      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                           | Dominican Republic International Bond                                 | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   1310000 | PA      | $1324737.50   | 0.20%             | 2027-01-25      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                  | RCKT Mortgage Trust 2025-CES2                                         | CUSIP: 74942BAA9<br>LEI: 2549001985H26N17CK52 | Long             | ABS-MBS          | CORP              | US        |   1859733 | PA      | $1863277.08   | 0.29%             | 2055-02-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Ladder Capital Commercial Mort                               | LCCM 2017-LC26                                                        | CUSIP: 50190DAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3786449 | PA      | $75186.01     | 0.01%             | 2050-07-12      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY BANK                                               | Synchrony Bank                                                        | CUSIP: 87166FAD5<br>LEI: 549300UATVPGSLE43Z27 | Long             | DBT              | CORP              | US        |    600000 | PA      | $599893.54    | 0.09%             | 2025-08-22      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin                               | Santander Bank Auto Credit-Linked Notes Series 2022-C                 | CUSIP: 80290CBJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     14659 | PA      | $14687.11     | 0.00%             | 2032-12-15      | Fixed         | 11.37%                | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                             | COLT 2025-8 Mortgage Loan Trust                                       | CUSIP: 19689DAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2100000 | PA      | $2098740.00   | 0.32%             | 2070-08-25      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                             | Connecticut Avenue Securities Trust 2021-R03                          | CUSIP: 20754AAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1100000 | PA      | $1122010.56   | 0.17%             | 2041-12-25      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                             | Connecticut Avenue Securities Trust 2025-R03                          | CUSIP: 20754VAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2260670 | PA      | $2274904.37   | 0.35%             | 2045-03-25      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                             | Connecticut Avenue Securities Trust 2025-R02                          | CUSIP: 20754TAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2566455 | PA      | $2568887.42   | 0.39%             | 2045-02-25      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Life Financial Services Trust                                | Life 2022-BMR Mortgage Trust                                          | CUSIP: 53218DAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1800000 | PA      | $1753696.44   | 0.27%             | 2039-05-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| HUNGARY                                                      | Hungary Government International Bond                                 | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   2225000 | PA      | $2579219.34   | 0.40%             | 2034-06-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                      | HCA Inc                                                               | CUSIP: 404119BW8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    600000 | PA      | $620808.98    | 0.10%             | 2029-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                                           | Expand Energy Corp                                                    | CUSIP: 165167DH7<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    600000 | PA      | $608081.40    | 0.09%             | 2035-01-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                     | BX Trust 2025-VLT6                                                    | CUSIP: 12433KAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1700000 | PA      | $1701633.36   | 0.26%             | 2042-03-15      | Floating      | 6.53%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                   | EUR/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-60514.57    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                   | USD/EUR FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $33629.99     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                                           | Morocco Government International Bond                                 | CUSIP: 000000000<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |   2250000 | PA      | $2590775.61   | 0.40%             | 2035-04-02      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Leia Finco US LLC                                            | LEIA FINCO US LLC                                                     | CUSIP: 52526CAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    673312 | PA      | $675275.21    | 0.10%             | 2031-10-09      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                                  | Extended Stay America Trust 2021-ESH                                  | CUSIP: 30227FAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1243705 | PA      | $1251040.59   | 0.19%             | 2038-07-15      | Floating      | 7.31%                 | No            |                  2 | On Loan: No      |
| Regatta XVI Funding Ltd.                                     | Regatta XVI Funding Ltd                                               | CUSIP: 75888TAS4<br>LEI: 254900XPJFGKL5R4O429 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001127.00   | 0.15%             | 2033-01-15      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                  | U.S. TREASURY BOND                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -32 | NC      | $-11891.33    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BRAVO Residential Funding Trus                               | Bravo Residential Funding Trust 2025-Nqm3                             | CUSIP: 105927AC1<br>LEI: 254900KREJHICFBDC014 | Long             | ABS-MBS          | CORP              | US        |   1187686 | PA      | $1197037.89   | 0.18%             | 2065-03-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                          | Freddie Mac STACR REMIC Trust 2021-DNA6                               | CUSIP: 35564KLU1<br>LEI: 5493000ISONLNOUKGB71 | Long             | ABS-MBS          | CORP              | US        |   5600000 | PA      | $5750838.24   | 0.88%             | 2041-10-25      | Floating      | 7.75%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                    | Boeing Co/The                                                         | CUSIP: 097023CU7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    700000 | PA      | $704333.20    | 0.11%             | 2027-05-01      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| JAB HOLDINGS BV                                              | JAB Holdings BV                                                       | CUSIP: 000000000<br>LEI: 529900RRNKUM3INJGF98 | Long             | DBT              | CORP              | NL        |   1200000 | PA      | $1469516.54   | 0.23%             | 2033-06-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hotwire Funding LLC                                          | Hotwire Funding LLC                                                   | CUSIP: 44148JAM1<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $785436.00    | 0.12%             | 2054-06-20      | Fixed         | 9.19%                 | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                            | EURO-BOBL                                                             | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |      -168 | NC      | $153237.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Chase Auto Credit Linked Notes                               | JPMorgan Chase Bank NA - CACLN                                        | CUSIP: 46591HCJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1502525.40   | 0.23%             | 2029-02-26      | Fixed         | 9.81%                 | No            |                  2 | On Loan: No      |
| BlueMountain EUR CLO                                         | Bluemountain Euro 2021-2 CLO DAC                                      | CUSIP: 000000000<br>LEI: 635400FUA3XKDDGLJL55 | Long             | ABS-CBDO         | CORP              | IE        |   2000000 | PA      | $2279750.13   | 0.35%             | 2035-10-15      | Floating      | 3.78%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                             | Deutsche Bank AG                                                      | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1500000 | PA      | $1773290.82   | 0.27%             | 2030-04-04      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                                              | SBA Tower Trust                                                       | CUSIP: 78403DAT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3851358.00   | 0.59%             | 2026-11-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| Diamond Issuer LLC                                           | Diamond Issuer LLC                                                    | CUSIP: 25267TAS0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1849819.60   | 0.28%             | 2051-11-20      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners Static                                | Golub Capital Partners Static 2024-1 Ltd                              | CUSIP: 381929AN8<br>LEI: 25490083RWI1EQQYLH43 | Long             | ABS-CBDO         | CORP              | KY        |   2016000 | PA      | $2016000.00   | 0.31%             | 2035-07-20      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                 | Broadcom Inc                                                          | CUSIP: 11135FCM1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1859456.70   | 0.28%             | 2035-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                        | QUIKRETE HOLDING 01/30/32                                             | CUSIP: 74839XAL3<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |   2620188 | PA      | $2621170.07   | 0.40%             | 2032-02-10      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                            | EURO-BUND                                                             | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |      -163 | NC      | $163336.99    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae - CAS                                             | Connecticut Avenue Securities Trust 2023-R07                          | CUSIP: 20753BAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2219119 | PA      | $2234883.05   | 0.34%             | 2043-09-25      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| Evergreen AcqCo 1 LP                                         | EVERGREEN ACQCO 1 LP                                                  | CUSIP: 30015FAG1<br>LEI: 549300F6POVHG3ME8T95 | Long             | LON              | CORP              | US        |   1827628 | PA      | $1834107.21   | 0.28%             | 2028-04-26      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| VB-S1 Issuer LLC                                             | VB-S1 Issuer LLC - VBTEL                                              | CUSIP: 91823ABE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1020544.80   | 0.16%             | 2054-05-15      | Fixed         | 6.64%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                      | Goldman Sachs Group Inc/The                                           | CUSIP: 38141GZM9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1975000 | PA      | $1776171.16   | 0.27%             | 2033-02-24      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| VIPER ENERGY PARTNERS LL                                     | Viper Energy Partners LLC                                             | CUSIP: 92764MAB0<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |    875000 | PA      | $870209.38    | 0.13%             | 2035-08-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| NNN REIT INC                                                 | NNN REIT Inc                                                          | CUSIP: 637417AT3<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              | CORP              | US        |    750000 | PA      | $765088.13    | 0.12%             | 2034-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                          | Freddie Mac STACR REMIC Trust 2021-DNA7                               | CUSIP: 35564KNE5<br>LEI: 5493000ISOMSKCX2AW62 | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $642016.92    | 0.10%             | 2041-11-25      | Floating      | 12.15%                | No            |                  2 | On Loan: No      |
| VB-S1 Issuer LLC                                             | VB-S1 Issuer LLC - VBTEL                                              | CUSIP: 91823ABA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2300000 | PA      | $2173200.77   | 0.33%             | 2052-02-15      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                          | Freddie Mac STACR REMIC Trust 2024-DNA2                               | CUSIP: 35564NCX9<br>LEI: 529900GRKKKHILZX4347 | Long             | ABS-MBS          | CORP              | US        |   2248630 | PA      | $2255492.92   | 0.35%             | 2044-05-25      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                                          | CDW LLC / CDW Finance Corp                                            | CUSIP: 12513GBL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $756502.50    | 0.12%             | 2034-08-22      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                     | BX Trust 2025-VLT7                                                    | CUSIP: 123913AG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1510332.60   | 0.23%             | 2044-07-15      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| COLT FUNDING LLC                                             | COLT 2025-8 MORTGAGE LOAN TRUST                                       | CUSIP: 19689DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1375000 | PA      | $1374175.00   | 0.21%             | 2070-08-25      | Variable      | 5.48%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                             | Connecticut Avenue Securities Trust 2021-R01                          | CUSIP: 20754RAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1561924 | PA      | $1567167.14   | 0.24%             | 2041-10-25      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                     | Republic of South Africa Government Bond                              | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        | 124000000 | PA      | $6500942.29   | 1.00%             | 2035-02-28      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| RENTOKIL INITIAL PLC                                         | Rentokil Initial PLC                                                  | CUSIP: 000000000<br>LEI: 549300VN4WV7Z6T14K68 | Long             | DBT              | CORP              | GB        |   1700000 | PA      | $1814356.31   | 0.28%             | 2028-10-14      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                     | OBX 2024-NQM18 Trust                                                  | CUSIP: 673913AD1<br>LEI: 254900NK9PNLY9I00149 | Long             | ABS-MBS          | CORP              | US        |   1300000 | PA      | $1301654.12   | 0.20%             | 2064-10-25      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                 | GBP/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-82826.82    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Dragon Buyer, Inc.                                           | DRAGON BUYER INC                                                      | CUSIP: 26143FAB5<br>LEI: 2549006V6EIUFGF2Y127 | Long             | LON              | CORP              | US        |    706450 | PA      | $708403.33    | 0.11%             | 2031-09-30      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                     | BX Commercial Mortgage Trust 2021-VOLT                                | CUSIP: 05609VAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2722407 | PA      | $2715506.00   | 0.42%             | 2036-09-15      | Floating      | 6.11%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                             | Connecticut Avenue Securities Trust 2025-R02                          | CUSIP: 20754TAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2514377.50   | 0.39%             | 2045-02-25      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| Terex Corporation                                            | TEREX CORP                                                            | CUSIP: 88078FBM9<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | LON              | CORP              | US        |    847875 | PA      | $850524.61    | 0.13%             | 2031-10-08      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                               | Palmer Square Loan Funding 2024-3 Ltd                                 | CUSIP: 69690EAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2503950.00   | 0.38%             | 2032-08-08      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| B&M EUROPEAN VALUE RET                                       | B&M European Value Retail SA                                          | CUSIP: 000000000<br>LEI: 213800UK7ZRLY2K1X530 | Long             | DBT              | CORP              | LU        |    925000 | PA      | $1238735.43   | 0.19%             | 2031-11-27      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                                            | Magnetite XIX Ltd                                                     | CUSIP: 55954KBA2<br>LEI: 5493000OP4ZUZOOM1U45 | Long             | ABS-CBDO         | CORP              | KY        |   4300000 | PA      | $4305977.00   | 0.66%             | 2034-04-17      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                             | Connecticut Avenue Securities Trust 2021-R01                          | CUSIP: 20754RAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5375000 | PA      | $5496953.38   | 0.84%             | 2041-10-25      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| SONA FIOS CLO                                                | Sona Fios CLO I DAC                                                   | CUSIP: 000000000<br>LEI: 635400DKZUMF3VS6WZ22 | Long             | ABS-CBDO         | CORP              | IE        |   2200000 | PA      | $2510640.00   | 0.38%             | 2036-07-15      | Floating      | 3.53%                 | No            |                  2 | On Loan: No      |
| McGraw-Hill Education Inc                                    | MCGRAW-HILL EDUCATION INC                                             | CUSIP: 58063DAF0<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | LON              | CORP              | US        |   2571466 | PA      | $2580504.97   | 0.40%             | 2031-08-06      | Floating      | 7.61%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                          | Freddie Mac STACR REMIC Trust 2023-DNA1                               | CUSIP: 35564KP37<br>LEI: 5493000IRILHAKSCHN59 | Long             | ABS-MBS          | CORP              | US        |   1109298 | PA      | $1127496.89   | 0.17%             | 2043-03-25      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| TierPoint Issuer LLC                                         | TierPoint Issuer LLC                                                  | CUSIP: 88651CAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    483333 | PA      | $483262.96    | 0.07%             | 2053-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Galaxy CLO Ltd                                               | Galaxy XXII CLO Ltd                                                   | CUSIP: 36320TBD4<br>LEI: 54930022KENWLYJ8SJ86 | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3507556.50   | 0.54%             | 2034-04-16      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| AUTOSTRADE PER L'ITALIA                                      | Autostrade per l'Italia SpA                                           | CUSIP: 000000000<br>LEI: 815600149448CEB9B230 | Long             | DBT              | CORP              | IT        |   1075000 | PA      | $1279774.80   | 0.20%             | 2032-06-28      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                     | USD/GBP FORWARD                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $232162.00    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                | TRANSDIGM INC                                                         | CUSIP: 89364MCA0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   1094472 | PA      | $1098943.28   | 0.17%             | 2031-02-28      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                          | Freddie Mac STACR REMIC Trust 2022-DNA3                               | CUSIP: 35564KVE6<br>LEI: 5493000IS4M3TZMRB410 | Long             | ABS-MBS          | CORP              | US        |   2775000 | PA      | $2921498.91   | 0.45%             | 2042-04-25      | Floating      | 8.70%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                          | Freddie Mac STACR REMIC Trust 2023-HQA1                               | CUSIP: 35564KY37<br>LEI: 5493000IRHY5YZIPQD14 | Long             | ABS-MBS          | CORP              | US        |   1400000 | PA      | $1549940.84   | 0.24%             | 2043-05-25      | Floating      | 9.85%                 | No            |                  2 | On Loan: No      |
| Euro Galaxy CLO BV                                           | Euro-Galaxy VII CLO DAC                                               | CUSIP: 000000000<br>LEI: 5493000DO5029DBEJL19 | Long             | ABS-CBDO         | CORP              | IE        |   2409000 | PA      | $2742316.41   | 0.42%             | 2035-07-25      | Floating      | 3.59%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                               | BRAVO Residential Funding Trust 2024-NQM7                             | CUSIP: 105698AE4<br>LEI: 254900T3YTF92WA96N66 | Long             | ABS-MBS          | CORP              | US        |   1845651 | PA      | $1853801.57   | 0.28%             | 2064-10-27      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                   | JPY/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-154390.66   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| HPS Loan Management Ltd                                      | HPS Loan Management 2021-16 Ltd                                       | CUSIP: 40440XAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2475000 | PA      | $2475000.00   | 0.38%             | 2035-01-23      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                             | S&P500 EMINI                                                          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |        75 | NC      | $750.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF HOLDING CO LLC                                           | PBF Holding Co LLC / PBF Finance Corp                                 | CUSIP: 69318FAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    490000 | PA      | $486176.58    | 0.07%             | 2030-03-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: —       |
| AECOM                                                        | AECOM                                                                 | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1714968.50   | 0.26%             | 2033-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                               | Bravo Residential Funding Trust Series 2025-NQM1                      | CUSIP: 10569MAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2688791 | PA      | $2695551.30   | 0.41%             | 2064-12-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                  | US 10YR ULTRA                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -134 | NC      | $-138614.53   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                                     | Eagle Funding Luxco Sarl                                              | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |   3875000 | PA      | $3897281.25   | 0.60%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                                     | Organon & Co / Organon Foreign Debt Co-Issuer BV                      | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $649440.44    | 0.10%             | 2031-04-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust                               | SWCH Commercial Mortgage Trust 2025-DATA                              | CUSIP: 78489CAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2250000 | PA      | $2242278.45   | 0.34%             | 2042-02-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                             | 3 MONTH SOFR                                                          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |       635 | NC      | $-252163.26   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| American Airlines Inc                                        | AADVANTAGELOYALTYIPLTD                                                | CUSIP: 02376CBT1<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |    420000 | PA      | $423412.50    | 0.06%             | 2032-05-28      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                             | Connecticut Avenue Securities Trust 2025-R02                          | CUSIP: 20754TAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2155375 | PA      | $2156589.00   | 0.33%             | 2045-02-25      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| Texas Debt Capital Euro CLO DA                               | Texas Debt Capital Euro CLO 2024-1 DAC                                | CUSIP: 000000000<br>LEI: 6354005CUY8PX5XJT459 | Long             | ABS-CBDO         | CORP              | IE        |   1700000 | PA      | $1950458.01   | 0.30%             | 2038-07-16      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY PVT BANK                                      | Morgan Stanley Private Bank NA                                        | CUSIP: 61776NVG5<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1406631.39   | 0.22%             | 2031-07-18      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                          | American Express Co                                                   | CUSIP: 025816DH9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    455000 | PA      | $466433.36    | 0.07%             | 2029-07-27      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                   | Verus Securitization Trust 2024-8                                     | CUSIP: 92540PAD0<br>LEI: 213800RZ8QGNZ38DSP77 | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1499002.65   | 0.23%             | 2069-10-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| Payden Cash Reserves Money Market Fund                       | Payden Cash Reserves Money Market Fund                                | CUSIP: 704329598<br>LEI: 549300SI0EB26HO5RT16 | Long             | STIV             | RF                | US        |  11584289 | NS      | $11584288.70  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Sound Point EURO CLO Funding D                               | Sound Point Euro CLO X Funding DAC                                    | CUSIP: 000000000<br>LEI: 635400YEKGN7SV65BD82 | Long             | ABS-CBDO         | CORP              | IE        |   1750000 | PA      | $2012497.64   | 0.31%             | 2038-04-20      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                                       | Egypt Government International Bond                                   | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    700000 | PA      | $743214.09    | 0.11%             | 2030-04-16      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                                               | Open Text Corp                                                        | CUSIP: 683715AF3<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |   2425000 | PA      | $2506106.55   | 0.38%             | 2027-12-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Penta CLO S.A.                                               | Penta CLO 17 DAC                                                      | CUSIP: 000000000<br>LEI: 254900P6EQ7DE06DX267 | Long             | ABS-CBDO         | CORP              | IE        |   1400000 | PA      | $1603430.21   | 0.25%             | 2038-08-15      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                         | Fiesta Purchaser Inc                                                  | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    495000 | PA      | $524338.16    | 0.08%             | 2032-09-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd                                                     | BXMT 2025-FL5 Ltd                                                     | CUSIP: 05613YAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3200000 | PA      | $3187849.28   | 0.49%             | 2042-10-18      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                     | OBX 2024-NQM13 Trust                                                  | CUSIP: 67119PAC5<br>LEI: 254900W2SY2Z6X7UAX78 | Long             | ABS-MBS          | CORP              | US        |   1094164 | PA      | $1086470.83   | 0.17%             | 2064-06-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| CUMULUS STATIC CLO                                           | Cumulus Static CLO 2024-1 DAC                                         | CUSIP: 000000000<br>LEI: 2549005ZFHRHIZ9ONM43 | Long             | ABS-CBDO         | CORP              | IE        |    700000 | PA      | $801876.39    | 0.12%             | 2033-11-15      | Floating      | 4.04%                 | No            |                  2 | On Loan: No      |
| Arini European CLO                                           | Arini European CLO I DAC                                              | CUSIP: 000000000<br>LEI: 635400HMSNVNUMMBE111 | Long             | ABS-CBDO         | CORP              | IE        |   1500000 | PA      | $1711800.00   | 0.26%             | 2036-07-15      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                        | Guatemala Government Bond                                             | CUSIP: 401494BA6<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |   1575000 | PA      | $1586907.00   | 0.24%             | 2036-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TDF INFRASTRUCTURE SAS                                       | TDF Infrastructure SASU                                               | CUSIP: 000000000<br>LEI: 969500BWNQ1B0PI06I59 | Long             | DBT              | CORP              | FR        |   1100000 | PA      | $1272675.28   | 0.20%             | 2031-10-23      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                | Citigroup Inc                                                         | CUSIP: 172967LP4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    600000 | PA      | $590283.97    | 0.09%             | 2028-07-24      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE SECURED LEND                                      | Blackstone Secured Lending Fund                                       | CUSIP: 09261XAK8<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |    600000 | PA      | $597297.55    | 0.09%             | 2030-06-30      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                | Boeing Co/The                                                         | CUSIP: 097023DR3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    650000 | PA      | $699628.25    | 0.11%             | 2031-05-01      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                      | Dryden XXVI Senior Loan Fund                                          | CUSIP: 26250UAS4<br>LEI: 549300ENU7ZZLTPT3E22 | Long             | ABS-CBDO         | CORP              | KY        |   3700000 | PA      | $3712668.80   | 0.57%             | 2029-04-15      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| Fortress CBO Investments Ltd                                 | FORT CRE 2022-FL3 Issuer LLC                                          | CUSIP: 34706CAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2130703 | PA      | $2121412.29   | 0.33%             | 2039-02-23      | Floating      | 6.60%                 | No            |                  2 | On Loan: No      |
| QXO Building Products Inc (f/k/a Beacon Roofing Supply Inc.) | QXO INC                                                               | CUSIP: 07368RAJ0<br>LEI: 549300HDXQWWCBOYXP31 | Long             | LON              | CORP              | US        |    625000 | PA      | $631125.00    | 0.10%             | 2032-04-30      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer, Ltd.                                        | LoanCore 2025 2025-CRE8 Issuer LLC                                    | CUSIP: 53947FAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2990000 | PA      | $2992294.23   | 0.46%             | 2042-08-17      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                                         | Flutter Treasury DAC                                                  | CUSIP: 000000000<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |   1050000 | PA      | $1395180.05   | 0.21%             | 2031-06-04      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                 | Broadcom Inc                                                          | CUSIP: 11135FBX8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    475000 | PA      | $484914.81    | 0.07%             | 2029-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                   | Verus Securitization Trust 2025-2                                     | CUSIP: 92540VAA3<br>LEI: 213800TTP1CNX4WER720 | Long             | ABS-MBS          | CORP              | US        |   1711057 | PA      | $1704200.89   | 0.26%             | 2070-03-25      | Variable      | 5.31%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                                             | Ryder System Inc                                                      | CUSIP: 78355HLE7<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    350000 | PA      | $354702.23    | 0.05%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC                                              | Star Parent Inc                                                       | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1342382.27   | 0.21%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                                  | Ivory Coast Government International Bond                             | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    200000 | PA      | $198179.72    | 0.03%             | 2037-01-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                     | BX Trust 2024-VLT4                                                    | CUSIP: 05612TAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1625000 | PA      | $1629206.15   | 0.25%             | 2029-07-15      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| Alpha Generation LLC                                         | ALPHA GENERATION LLC                                                  | CUSIP: 02072UAC6<br>LEI: 254900K5V62L4YGVKF49 | Long             | LON              | CORP              | US        |   1293118 | PA      | $1293033.73   | 0.20%             | 2031-09-30      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                   | Verus Securitization Trust 2024-9                                     | CUSIP: 92540RAC8<br>LEI: 213800LFRCPWSTP6LX39 | Long             | ABS-MBS          | CORP              | US        |   3246211 | PA      | $3243391.07   | 0.50%             | 2069-11-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| BOOTS GROUP FINCO LP                                         | Boots Group Finco LP                                                  | CUSIP: 000000000<br>LEI: 254900YVLYOVF1PF1N93 | Long             | DBT              | CORP              | US        |    950000 | PA      | $1111135.09   | 0.17%             | 2032-08-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                     | BX Commercial Mortgage Trust 2024-AIRC                                | CUSIP: 12433CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1568127 | PA      | $1575659.63   | 0.24%             | 2039-08-15      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| VERMILION ENERGY INC                                         | Vermilion Energy Inc                                                  | CUSIP: 923725AE5<br>LEI: 8945009D1HGCJC8M8A68 | Long             | DBT              | CORP              | CA        |    725000 | PA      | $686094.91    | 0.11%             | 2033-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                             | S&P500 EMINI                                                          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |        45 | NC      | $196312.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| COMM Mortgage Trust                                          | COMM 2025-SBX Mortgage Trust                                          | CUSIP: 20047UAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2400000 | PA      | $2405152.80   | 0.37%             | 2041-08-10      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| Madison Iaq LLC                                              | MADISON IAQ LLC                                                       | CUSIP: 55759VAD0<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |    300000 | PA      | $301632.00    | 0.05%             | 2032-05-06      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Aimco                                                        | AIMCO CLO Series 2018-B                                               | CUSIP: 00900PAQ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1400000 | PA      | $1405103.00   | 0.22%             | 2037-04-16      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                             | Connecticut Avenue Securities Trust 2021-R02                          | CUSIP: 20754KAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    650000 | PA      | $680575.87    | 0.10%             | 2041-11-25      | Floating      | 10.55%                | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                   | Verus Securitization Trust 2024-R1                                    | CUSIP: 924926AA6<br>LEI: 213800A8V9BALJ9WKP38 | Long             | ABS-MBS          | CORP              | US        |   3358436 | PA      | $3341392.88   | 0.51%             | 2069-09-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                   | HUF/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-36873.60    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                             | Connecticut Avenue Securities Trust 2025-R04                          | CUSIP: 20755TAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2450000 | PA      | $2459511.88   | 0.38%             | 2045-05-25      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| Cologix Data Centers Issuer LL                               | Cologix Canadian Issuer LP                                            | CUSIP: 19521DAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |   3200000 | PA      | $2243163.97   | 0.34%             | 2052-01-25      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| MIC Glen LLC                                                 | MIC GLEN LLC                                                          | CUSIP: 55304PAG6<br>LEI: 549300XD843A2SP50882 | Long             | LON              | CORP              | US        |   1451680 | PA      | $1457465.07   | 0.22%             | 2028-07-21      | Floating      | 7.61%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                                 | Entegris Inc                                                          | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1004981.57   | 0.15%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                         | M&T Bank Corp                                                         | CUSIP: 55261FAZ7<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2404267.27   | 0.37%             | 2035-07-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                        | Guatemala Government Bond                                             | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |   1390000 | PA      | $1372166.30   | 0.21%             | 2027-06-05      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                       | General Motors Financial Co Inc                                       | CUSIP: 37045XEZ5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   2325000 | PA      | $2322118.93   | 0.36%             | 2029-10-06      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                           | Ally Financial Inc                                                    | CUSIP: 02005NCA6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2304511.57   | 0.35%             | 2033-07-31      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                          | Freddie Mac STACR REMIC Trust 2021-DNA7                               | CUSIP: 35564KMA4<br>LEI: 5493000ISOMSKCX2AW62 | Long             | ABS-MBS          | CORP              | US        |    583155 | PA      | $582515.29    | 0.09%             | 2041-11-25      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Henley Funding Ltd.                                          | Henley CLO VII DAC                                                    | CUSIP: 000000000<br>LEI: 635400SRJSVJPTMR4D89 | Long             | ABS-CBDO         | CORP              | IE        |   1300000 | PA      | $1481917.70   | 0.23%             | 2034-04-25      | Floating      | 3.74%                 | No            |                  2 | On Loan: No      |
| Lightning Power, LLC                                         | LIGHTNING POWER LLC                                                   | CUSIP: 53229LAB3<br>LEI: 254900BWCHJ03XRL8K59 | Long             | LON              | CORP              | US        |    818812 | PA      | $820347.77    | 0.13%             | 2031-08-18      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| DNB BANK ASA                                                 | DNB Bank ASA                                                          | CUSIP: 000000000<br>LEI: 549300GKFG0RYRRQ1414 | Long             | DBT              | CORP              | NO        |   1425000 | PA      | $1870553.02   | 0.29%             | 2027-08-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                                                | UniCredit SpA                                                         | CUSIP: 000000000<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |   1775000 | PA      | $2111776.60   | 0.32%             | 2029-02-16      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                          | Freddie Mac STACR REMIC Trust 2024-HQA1                               | CUSIP: 35564NBX0<br>LEI: 529900PGKDI4ZEXFQ523 | Long             | ABS-MBS          | CORP              | US        |   1180951 | PA      | $1183875.96   | 0.18%             | 2044-03-25      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                         | Cross 2024-H8 Mortgage Trust                                          | CUSIP: 22757GAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3720785 | PA      | $3727148.85   | 0.57%             | 2069-12-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                                     | Republic of South Africa Government International Bond                | CUSIP: 836205BC7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |   2800000 | PA      | $2730438.37   | 0.42%             | 2032-04-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                               | Morgan Stanley                                                        | CUSIP: 61748UAE2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1152746.80   | 0.18%             | 2031-01-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                             | Connecticut Avenue Securities Trust 2023-R06                          | CUSIP: 20754EAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    598252 | PA      | $601949.58    | 0.09%             | 2043-07-25      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                   | USD/EUR FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $1652280.76   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                 | USD/EUR FORWARD                                                       | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-103786.40   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                          | Nigeria Government International Bond                                 | CUSIP: 000000000<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |   1000000 | PA      | $1076561.66   | 0.16%             | 2034-12-09      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                                            | Ghana Government International Bond                                   | CUSIP: 000000000<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |   4125000 | PA      | $3935490.41   | 0.60%             | 2029-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| UZBEKISTAN INTL BOND                                         | Republic of Uzbekistan International Bond                             | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |   1800000 | PA      | $1874560.66   | 0.29%             | 2032-05-25      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                                     | Penske Truck Leasing Co Lp / PTL Finance Corp                         | CUSIP: 709599CA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    550000 | PA      | $561115.96    | 0.09%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                     | OBX 2025-NQM6 Trust                                                   | CUSIP: 67448UAC6<br>LEI: 254900W46UQEWQMYYZ02 | Long             | ABS-MBS          | CORP              | US        |   2249960 | PA      | $2253571.47   | 0.35%             | 2065-03-25      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                               | BRAVO Residential Funding Trust 2025-NQM2                             | CUSIP: 10569NAC5<br>LEI: 254900TZWRKTBX2YNW23 | Long             | ABS-MBS          | CORP              | US        |   1648919 | PA      | $1654531.64   | 0.25%             | 2064-11-25      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                                        | Duke Energy Carolinas LLC                                             | CUSIP: 26442CBP8<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    450000 | PA      | $458225.37    | 0.07%             | 2030-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| KLEPIERRE SA                                                 | Klepierre SA                                                          | CUSIP: 000000000<br>LEI: 969500PB4U31KEFHZ621 | Long             | DBT              | CORP              | FR        |   1300000 | PA      | $1528002.49   | 0.23%             | 2033-09-23      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                     | BX Commercial Mortgage Trust 2021-SOAR                                | CUSIP: 05608WAQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    789064 | PA      | $789465.35    | 0.12%             | 2038-06-15      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| WINDFALL MINING GROUP                                        | Windfall Mining Group Inc / Groupe Minier Windfall Inc                | CUSIP: 973244AA4<br>LEI: 984500E4L49391BFF948 | Long             | DBT              | CORP              | CA        |   1050000 | PA      | $1075178.14   | 0.16%             | 2032-05-13      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                                     | Standard Building Solutions Inc                                       | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   1225000 | PA      | $1237612.94   | 0.19%             | 2033-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                          | Freddie Mac STACR REMIC Trust 2022-DNA7                               | CUSIP: 35564KL31<br>LEI: 5493000IRUQLXTG4SV18 | Long             | ABS-MBS          | CORP              | US        |    485393 | PA      | $491401.40    | 0.08%             | 2052-03-25      | Floating      | 6.85%                 | No            |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA                                        | Minerva Luxembourg SA                                                 | CUSIP: 000000000<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |    825000 | PA      | $898744.28    | 0.14%             | 2033-09-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Oak Street Investment Grade Ne                               | Oak Street Investment Grade Net Lease Fund Series 2020-1              | CUSIP: 67181DAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2578333 | PA      | $2505610.15   | 0.38%             | 2050-11-20      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| UDR INC                                                      | UDR Inc                                                               | CUSIP: 90265EAW0<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              | CORP              | US        |    725000 | PA      | $721319.55    | 0.11%             | 2034-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                                         | Paraguay Government International Bond                                | CUSIP: 000000000<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |   1825000 | PA      | $1874092.50   | 0.29%             | 2036-02-09      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Diamond Infrastructure Funding                               | Diamond Infrastructure Funding LLC                                    | CUSIP: 25265LAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1150000 | PA      | $1088175.77   | 0.17%             | 2049-04-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                 | Broadcom Inc                                                          | CUSIP: 11135FBR1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    625000 | PA      | $615619.61    | 0.09%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                        | Guatemala Government Bond                                             | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |   1675000 | PA      | $1712821.50   | 0.26%             | 2037-02-06      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| NOVO BANCO SA                                                | Novo Banco SA                                                         | CUSIP: 000000000<br>LEI: 5493009W2E2YDCXY6S81 | Long             | DBT              | CORP              | PT        |   1700000 | PA      | $1965919.16   | 0.30%             | 2031-01-22      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                     | Madison Park Funding LVII Ltd                                         | CUSIP: 55822GAQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2700000 | PA      | $2704098.60   | 0.41%             | 2034-07-27      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI                                     | Standard Building Solutions Inc                                       | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1583917.10   | 0.24%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ALBANIA                                          | Albania Government International Bond                                 | CUSIP: 000000000<br>LEI: 254900EDM43U3SGRND29 | Long             | DBT              | NUSS              | AL        |    775000 | PA      | $891804.60    | 0.14%             | 2035-02-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| RELX CAPITAL INC                                             | RELX Capital Inc                                                      | CUSIP: 74949LAF9<br>LEI: 2R15C3RTKJN1RCBOV146 | Long             | DBT              | CORP              | US        |    550000 | PA      | $556989.39    | 0.09%             | 2030-03-27      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Modena Buyer LLC                                             | MODENA BUYER LLC                                                      | CUSIP: 60753DAC8<br>LEI: 254900B0G2IU0VBDOY26 | Long             | LON              | CORP              | US        |    671625 | PA      | $659989.10    | 0.10%             | 2031-07-01      | Floating      | 8.81%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl                               | Santander Drive Auto Receivables Trust 2023-S1                        | CUSIP: 80286QAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    481765 | PA      | $483967.50    | 0.07%             | 2028-04-18      | Fixed         | 8.14%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                     | OBX 2025-NQM2 Trust                                                   | CUSIP: 67120VAA3<br>LEI: 2549006BC0G3YEF5SL09 | Long             | ABS-MBS          | CORP              | US        |   7369748 | PA      | $7371480.87   | 1.13%             | 2064-11-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                     | CAD/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $46334.62     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Cantor Commercial Real Estate                                | Cantor Commercial Real Estate Lending 2019-CF1                        | CUSIP: 12529MAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14889716 | PA      | $436268.68    | 0.07%             | 2052-05-15      | Variable      | 1.11%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                                        | American Homes 4 Rent LP                                              | CUSIP: 02666TAK3<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1032276.89   | 0.16%             | 2030-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                             | Connecticut Avenue Securities Trust 2021-R02                          | CUSIP: 20754KAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3400000 | PA      | $3484020.46   | 0.53%             | 2041-11-25      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS                                      | Frontier Communications Holdings LLC                                  | CUSIP: 35906ABF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999601.70    | 0.15%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                         | Bank of America Corp                                                  | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    525000 | PA      | $537238.82    | 0.08%             | 2031-01-24      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                             | Cifc Funding 2023-III Ltd                                             | CUSIP: 12598YAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2003612.00   | 0.31%             | 2037-01-20      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                             | Connecticut Avenue Securities Trust 2022-R01                          | CUSIP: 20754LAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1475000 | PA      | $1513747.07   | 0.23%             | 2041-12-25      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners 44                               | Octagon Investment Partners 44 Ltd                                    | CUSIP: 67577LAS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2200000 | PA      | $2200000.00   | 0.34%             | 2034-10-15      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                                  | OCP CLO Ltd                                                           | CUSIP: 671026AQ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4200000 | PA      | $4202133.60   | 0.64%             | 2037-01-17      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                               | Morgan Stanley                                                        | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $1594728.91   | 0.24%             | 2029-04-12      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                     | Rogers Communications Inc                                             | CUSIP: 775109DF5<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   1250000 | PA      | $1251710.33   | 0.19%             | 2034-02-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                             | Connecticut Avenue Securities Trust 2022-R02                          | CUSIP: 20754BAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5963000 | PA      | $6222872.31   | 0.95%             | 2042-01-25      | Floating      | 8.85%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                          | Freddie Mac STACR REMIC Trust 2021-HQA3                               | CUSIP: 35564KKL2<br>LEI: 5493000ISHRHX47NOH65 | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $625854.72    | 0.10%             | 2041-09-25      | Floating      | 10.60%                | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-S2               | SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-S2                        | CUSIP: 80287MAD9<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        61 | NS      | $1125989.35   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| BX Trust                                                     | BX Trust 2025-VLT6                                                    | CUSIP: 12433KAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2200000 | PA      | $2202865.28   | 0.34%             | 2042-03-15      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                      | Goldman Sachs Group Inc/The                                           | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    725000 | PA      | $741498.43    | 0.11%             | 2031-04-23      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                               | Opal Bidco SAS                                                        | CUSIP: 000000000<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |   1400000 | PA      | $1647363.85   | 0.25%             | 2032-03-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                                        | Argentine Republic Government International Bond                      | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |   1250000 | PA      | $828125.00    | 0.13%             | 2035-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                             | Connecticut Avenue Securities Trust 2022-R04                          | CUSIP: 20753YAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4100000 | PA      | $4365452.04   | 0.67%             | 2042-03-25      | Floating      | 9.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                             | Connecticut Avenue Securities Trust 2022-R03                          | CUSIP: 20753XAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $829358.40    | 0.13%             | 2042-03-25      | Floating      | 7.85%                 | No            |                  2 | On Loan: No      |
| Palmer Square European Loan Fu                               | Palmer Square European Loan Funding 2024-1 DAC                        | CUSIP: 000000000<br>LEI: 254900S9D49Z2X16W073 | Long             | ABS-CBDO         | CORP              | IE        |   2300000 | PA      | $2633946.66   | 0.40%             | 2033-08-15      | Floating      | 4.19%                 | No            |                  2 | On Loan: No      |
| MAGNOLIA OIL GAS/MAG FIN                                     | Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp    | CUSIP: 559665AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1643534.75   | 0.25%             | 2032-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                     | OCP SA                                                                | CUSIP: 67091TAJ4<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |    575000 | PA      | $582914.53    | 0.09%             | 2036-03-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Consolidated Energy Finance SA                               | CONSOLIDATED ENERGY FIN SA                                            | CUSIP: 000000000<br>LEI: 549300PUNIS0USNSL750 | Long             | LON              | CORP              | LU        |   1396465 | PA      | $1327591.00   | 0.20%             | 2030-11-15      | Floating      | 8.83%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                          | Petroleos Mexicanos                                                   | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   1400000 | PA      | $1596857.99   | 0.24%             | 2025-11-24      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE US LLC                                        | Amrize Finance US LLC                                                 | CUSIP: 43475RAC0<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |    975000 | PA      | $985126.91    | 0.15%             | 2030-04-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                          | JPMorgan Chase & Co                                                   | CUSIP: 46647PER3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    975000 | PA      | $964675.24    | 0.15%             | 2035-10-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                               | Apidos CLO XXXII                                                      | CUSIP: 03768RAU0<br>LEI: 549300CXPXW83QGWOL98 | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $800495.20    | 0.12%             | 2033-01-20      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                                      | CARS-DB4 LP                                                           | CUSIP: 12510HAH3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $965611.20    | 0.15%             | 2050-02-15      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                          | JPMorgan Chase & Co                                                   | CUSIP: 46647PEP7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    975000 | PA      | $976291.27    | 0.15%             | 2028-10-22      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                          | Freddie Mac STACR REMIC Trust 2022-DNA5                               | CUSIP: 35564KYW3<br>LEI: 5493000IS349P4O9HR58 | Long             | ABS-MBS          | CORP              | US        |   1340000 | PA      | $1475226.64   | 0.23%             | 2042-06-25      | Floating      | 11.10%                | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                | Citigroup Inc                                                         | CUSIP: 17327CAQ6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $963190.42    | 0.15%             | 2033-01-25      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                             | Connecticut Avenue Securities Trust 2019-HRP1                         | CUSIP: 20754PAC4<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | CORP              | US        |    131785 | PA      | $131791.86    | 0.02%             | 2039-11-25      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| VERITIV OPERATING CO                                         | Veritiv Operating Co                                                  | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1193639.70   | 0.18%             | 2030-11-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| VMWARE LLC                                                   | VMware LLC                                                            | CUSIP: 928563AK1<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    695000 | PA      | $642378.22    | 0.10%             | 2028-08-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Madison Iaq LLC                                              | MADISON IAQ LLC                                                       | CUSIP: 55759VAB4<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |   2294041 | PA      | $2298090.43   | 0.35%             | 2028-06-21      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                      | Hyundai Capital America                                               | CUSIP: 44891ADF1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    775000 | PA      | $769642.44    | 0.12%             | 2027-09-24      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                               | Carlyle Global Market Strategies CLO 2016-1 Ltd                       | CUSIP: 14312HBE5<br>LEI: 549300N3CJKPCWZ7KX23 | Long             | ABS-CBDO         | CORP              | KY        |   2300000 | PA      | $2303606.40   | 0.35%             | 2034-04-20      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Bosphorus CLO                                                | Bosphorus CLO VII DAC                                                 | CUSIP: 000000000<br>LEI: 635400E9IUXCKKFGEA28 | Long             | ABS-CBDO         | CORP              | IE        |   1700000 | PA      | $1945763.12   | 0.30%             | 2036-10-17      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORP                                        | Blue Owl Capital Corp                                                 | CUSIP: 69121KAE4<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    175000 | PA      | $172526.14    | 0.03%             | 2026-07-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                              | CDS CDX.NA.HY.44.V1                                                   | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-3481296.07  | -0.53%            |  |  |  | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                                             | Hewlett Packard Enterprise Co                                         | CUSIP: 42824CBV0<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1213061.79   | 0.19%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERICOLD REALTY OPER PA                                     | Americold Realty Operating Partnership LP                             | CUSIP: 03063UAB7<br>LEI: 549300FKD9KVWNHSUU79 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1502357.96   | 0.23%             | 2032-05-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| NATIONAL FUEL GAS CO                                         | National Fuel Gas Co                                                  | CUSIP: 636180BU4<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |    800000 | PA      | $819963.11    | 0.13%             | 2035-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Buckhorn Park CLO, Ltd.                                      | Buckhorn Park CLO Ltd                                                 | CUSIP: 118382BA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2200000 | PA      | $2198935.20   | 0.34%             | 2034-07-18      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| VISA INC                                                     | Visa Inc                                                              | CUSIP: 92826CAU6<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |   1925000 | PA      | $2185355.37   | 0.33%             | 2028-05-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| CPPIB OVM MEMBER US LLC                                      | CPPIB OVM MEMBER US LLC                                               | CUSIP: 12673CAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    694751 | PA      | $697936.69    | 0.11%             | 2031-08-20      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| VIKING BAKED GOODS ACQUI                                     | Viking Baked Goods Acquisition Corp                                   | CUSIP: 92676AAA5<br>LEI: 254900DBFD2H1FJK0893 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1179621.95   | 0.18%             | 2031-11-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                                        | Palmer Square CLO 2022-1 Ltd                                          | CUSIP: 69689QAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2505742.50   | 0.38%             | 2035-04-20      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, NA - CACL                               | JPMorgan Chase Bank NA - CACLN                                        | CUSIP: 46591HBW9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    960818 | PA      | $976023.55    | 0.15%             | 2028-09-25      | Fixed         | 28.35%                | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                     | OBX 2024-NQM15 Trust                                                  | CUSIP: 67449DAA7<br>LEI: 254900YXEB756F6RCA13 | Long             | ABS-MBS          | CORP              | US        |   2019938 | PA      | $2011437.28   | 0.31%             | 2064-10-25      | Variable      | 5.32%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                 | Centene Corp                                                          | CUSIP: 15135BAV3<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    950000 | PA      | $856015.46    | 0.13%             | 2030-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                             | Colt 2024-7 Mortgage Loan Trust                                       | CUSIP: 19688YAA2<br>LEI: 213800EA95GXXC9AJO50 | Long             | ABS-MBS          | CORP              | US        |   2490970 | PA      | $2492313.10   | 0.38%             | 2069-12-26      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| Regatta XXII Funding Ltd.                                    | Regatta XXII Funding Ltd                                              | CUSIP: 758968AS0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2100000 | PA      | $2100867.30   | 0.32%             | 2035-07-20      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                             | Connecticut Avenue Securities Trust 2023-R04                          | CUSIP: 20754QAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1311516 | PA      | $1338360.05   | 0.21%             | 2043-05-25      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                   | NOK/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-109257.69   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE US LLC                                        | Amrize Finance US LLC                                                 | CUSIP: 43475RAD8<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1186187.22   | 0.18%             | 2035-04-07      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                                       | Republic of Uzbekistan International Bond                             | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    900000 | PA      | $809491.08    | 0.12%             | 2030-11-25      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                                  | Ivory Coast Government International Bond                             | CUSIP: 221625AV8<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    300000 | PA      | $296739.46    | 0.05%             | 2036-04-01      | Fixed         | 8.07%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                             | Connecticut Avenue Securities Trust 2020-SBT1                         | CUSIP: 20753VBE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1900000 | PA      | $1973262.29   | 0.30%             | 2040-02-25      | Floating      | 8.11%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                   | Verus Securitization Trust 2024-9                                     | CUSIP: 92540RAF1<br>LEI: 213800LFRCPWSTP6LX39 | Long             | ABS-MBS          | CORP              | US        |   1075000 | PA      | $1077262.02   | 0.17%             | 2069-11-25      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| WMG ACQUISITION CORP                                         | WMG Acquisition Corp                                                  | CUSIP: 92933BAT1<br>LEI: 549300NAS11NXI33CP80 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1010258.44   | 0.15%             | 2029-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                                        | American Homes 4 Rent LP                                              | CUSIP: 02666TAG2<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |    725000 | PA      | $737422.39    | 0.11%             | 2034-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Collateralized Lo                               | Arbor Realty Commercial Real Estate Notes 2021-FL4 Ltd                | CUSIP: 03880RAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1650000 | PA      | $1654289.51   | 0.25%             | 2036-11-15      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                                 | ARES Loan Funding III Ltd                                             | CUSIP: 04009BAS7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1700000 | PA      | $1702490.50   | 0.26%             | 2036-07-25      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                                 | Synopsys Inc                                                          | CUSIP: 871607AC1<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    610000 | PA      | $617107.10    | 0.09%             | 2030-04-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| FRESSNAPF HOLDING SE                                         | Fressnapf Holding SE                                                  | CUSIP: 000000000<br>LEI: 529900NLSO3VLFW8JQ35 | Long             | DBT              | CORP              | DE        |   1400000 | PA      | $1637493.90   | 0.25%             | 2031-10-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FIRST INDUSTRIAL LP                                          | First Industrial LP                                                   | CUSIP: 32055RAS6<br>LEI: 86MKNB3IKYZZT3E3OV11 | Long             | DBT              | CORP              | US        |    775000 | PA      | $780679.71    | 0.12%             | 2031-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                     | OBX 2025-NQM7 Trust                                                   | CUSIP: 67121DAA2<br>LEI: 2549008GB179CC65SK60 | Long             | ABS-MBS          | CORP              | US        |   1950481 | PA      | $1955624.10   | 0.30%             | 2055-05-25      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                          | Freddie Mac STACR REMIC Trust 2022-DNA4                               | CUSIP: 35564KXA2<br>LEI: 5493000IS4CDPWRMWB65 | Long             | ABS-MBS          | CORP              | US        |   2850000 | PA      | $3046766.85   | 0.47%             | 2042-05-25      | Floating      | 9.60%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                                        | KKR Clo 25 Ltd                                                        | CUSIP: 48252UAU1<br>LEI: 549300MJB0YZ0QTQNZ45 | Long             | ABS-CBDO         | CORP              | KY        |   3100000 | PA      | $3089255.40   | 0.47%             | 2034-07-15      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                           | Energy Transfer LP                                                    | CUSIP: 29273VBD1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    300000 | PA      | $305878.79    | 0.05%             | 2030-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: —       |
| ROMANIA                                                      | Romanian Government International Bond                                | CUSIP: 77586RAY6<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    850000 | PA      | $854730.25    | 0.13%             | 2030-09-16      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                                       | Republic of Uzbekistan International Bond                             | CUSIP: 000000000<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    400000 | PA      | $395475.04    | 0.06%             | 2029-02-20      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                     | BX Commercial Mortgage Trust 2021-VOLT                                | CUSIP: 05609VAS4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2906484 | PA      | $2866057.50   | 0.44%             | 2036-09-15      | Floating      | 7.31%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                          | Freddie Mac STACR REMIC Trust 2021-HQA4                               | CUSIP: 35564KPN3<br>LEI: 5493000ISE4NWBTOSK36 | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1545680.10   | 0.24%             | 2041-12-25      | Floating      | 8.10%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORP                                        | Blue Owl Capital Corp                                                 | CUSIP: 69121KAH7<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    725000 | PA      | $726874.71    | 0.11%             | 2029-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                          | Freddie Mac STACR REMIC Trust 2023-HQA3                               | CUSIP: 35564K3G2<br>LEI: 529900ZTXRUUVE8G8W08 | Long             | ABS-MBS          | CORP              | US        |    746615 | PA      | $752886.53    | 0.12%             | 2043-11-25      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                                     | Organon & Co / Organon Foreign Debt Co-Issuer BV                      | CUSIP: 68622FAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $627599.21    | 0.10%             | 2034-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                                 | Synopsys Inc                                                          | CUSIP: 871607AD9<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    995000 | PA      | $1005631.25   | 0.15%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY PVT BANK                                      | Morgan Stanley Private Bank NA                                        | CUSIP: 61776NVE0<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1523852.73   | 0.23%             | 2028-07-06      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| EUROBANK SA                                                  | Eurobank SA                                                           | CUSIP: 000000000<br>LEI: 213800KGF4EFNUQKAT69 | Long             | DBT              | CORP              | GR        |   1725000 | PA      | $1978647.48   | 0.30%             | 2030-03-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                             | Connecticut Avenue Securities Trust 2022-R06                          | CUSIP: 20754NAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    969430 | PA      | $990366.45    | 0.15%             | 2042-05-25      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| SMURFIT WESTROCK FIN                                         | Smurfit Westrock Financing DAC                                        | CUSIP: 83272YAB8<br>LEI: 6354005S6ZLHLVX7VT12 | Long             | DBT              | CORP              | IE        |    850000 | PA      | $863366.72    | 0.13%             | 2035-01-15      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| MEXICO CITY ARPT TRUST                                       | Mexico City Airport Trust                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |   2000000 | PA      | $1959970.00   | 0.30%             | 2026-10-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TESCO CORP TREASURY SERV                                     | Tesco Corporate Treasury Services PLC                                 | CUSIP: 000000000<br>LEI: 21380018AJDKNF3A6712 | Long             | DBT              | CORP              | GB        |   1650000 | PA      | $1887709.74   | 0.29%             | 2032-05-06      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                  | US 2YR NOTE (CBT)                                                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -647 | NC      | $102575.79    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| C&W SENIOR FINANCE LTD                                       | C&W Senior Finance Ltd                                                | CUSIP: 12665MAA0<br>LEI: 213800CG16G1YMJRCG10 | Long             | DBT              | CORP              | KY        |   1425000 | PA      | $1470790.95   | 0.23%             | 2033-01-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                 | JPY/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $129270.13    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                                     | JPY/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-496923.76   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| TTAN                                                         | TTAN 2021-MHC                                                         | CUSIP: 87303TAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    839529 | PA      | $841593.03    | 0.13%             | 2038-03-15      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                                     | Western Midstream Operating LP                                        | CUSIP: 958667AG2<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    650000 | PA      | $637613.33    | 0.10%             | 2034-11-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| OCP Euro CLO                                                 | Ocp Euro Clo 2023-7 DAC                                               | CUSIP: 000000000<br>LEI: 635400SWYKSK8LNFAE07 | Long             | ABS-CBDO         | CORP              | IE        |   1700000 | PA      | $1942055.70   | 0.30%             | 2036-04-25      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| Tharaldson Hotel Portfolio Tru                               | THPT 2023-THL Mortgage Trust                                          | CUSIP: 87252LAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2341705 | PA      | $2377193.77   | 0.36%             | 2034-12-10      | Variable      | 6.99%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable                               | Westlake Automobile Receivables Trust 2023-4                          | CUSIP: 96041AAN6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2025000 | PA      | $2106590.29   | 0.32%             | 2029-07-16      | Fixed         | 7.19%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                          | JPMorgan Chase & Co                                                   | CUSIP: 46647PEY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    800000 | PA      | $818332.87    | 0.13%             | 2031-04-22      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST 2021-2                   | EXETER AUTOMOBILE RECEIVABLES TRUST 2021-2                            | CUSIP: 30166RAJ6<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        53 | NS      | $2601900.00   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                 | USD/ZAR FORWARD                                                       | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $201587.75    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| United Natural Foods Inc                                     | UNITED NATURAL FOODS INC                                              | CUSIP: 91116KAD7<br>LEI: 549300GKGW6WPZ282D40 | Long             | LON              | CORP              | US        |   1059247 | PA      | $1069082.51   | 0.16%             | 2031-04-25      | Floating      | 4.36%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS                                      | Surgery Center Holdings Inc                                           | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1132402.70   | 0.17%             | 2032-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                          | Petroleos Mexicanos                                                   | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    750000 | PA      | $850258.34    | 0.13%             | 2028-02-21      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Payden Emerging Markets Local Bond Fund                      | Payden Emerging Markets Local Bond Fund                               | CUSIP: 70432T867<br>LEI: 549300ZRY78UEWJB7K76 | Long             | EC               | RF                | US        |   2042302 | NS      | $19279327.47  | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| CITGO PETROLEUM CORP                                         | CITGO Petroleum Corp                                                  | CUSIP: 17302XAM8<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |   1425000 | PA      | $1423963.46   | 0.22%             | 2026-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                                     | Brazil Notas do Tesouro Nacional Serie F                              | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |  44000000 | PA      | $6793609.27   | 1.04%             | 2031-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                       | Extra Space Storage LP                                                | CUSIP: 30225VAU1<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1353665.52   | 0.21%             | 2035-06-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| PAYDEN CASH RESERVES MONEY MARKET                            | PAYDEN CASH RESERVES MONEY MARKET                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    107090 | NS      | $107089.57    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST 2023-S1               | SANTANDER DRIVE AUTO RECEIVABLES TRUST 2023-S1                        | CUSIP: 80286QAC3<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       126 | NS      | $3134381.55   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| BX Trust                                                     | BX 2025-BIO3 Mortgage Trust                                           | CUSIP: 123911AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3950000 | PA      | $4038980.47   | 0.62%             | 2042-02-10      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                          | Freddie Mac STACR REMIC Trust 2021-DNA6                               | CUSIP: 35564KKY4<br>LEI: 5493000ISONLNOUKGB71 | Long             | ABS-MBS          | CORP              | US        |    718109 | PA      | $721545.42    | 0.11%             | 2041-10-25      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| HIH Trust                                                    | HIH Trust 2024-61P                                                    | CUSIP: 40444VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2837531 | PA      | $2844134.39   | 0.44%             | 2041-10-15      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Information Management LLC                     | IRON MOUNTAIN INC                                                     | CUSIP: 46284NAV1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | LON              | CORP              | US        |    939770 | PA      | $941142.04    | 0.14%             | 2031-01-31      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP                                            | Hyatt Hotels Corp                                                     | CUSIP: 448579AU6<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |    325000 | PA      | $328298.19    | 0.05%             | 2028-03-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                                 | ARES LII CLO Ltd                                                      | CUSIP: 04009AAW0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3343561 | PA      | $3338041.20   | 0.51%             | 2031-04-22      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| EDGE FINCO PLC                                               | Edge Finco PLC                                                        | CUSIP: 000000000<br>LEI: 648835NI8LJE5190NT73 | Long             | DBT              | CORP              | GB        |   1050000 | PA      | $1474368.84   | 0.23%             | 2031-08-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| CRH AMERICA FINANCE INC                                      | CRH America Finance Inc                                               | CUSIP: 12636YAE2<br>LEI: 549300WEVUODRJ4CWK56 | Long             | DBT              | CORP              | US        |    775000 | PA      | $790450.31    | 0.12%             | 2034-05-21      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Cairn CLO                                                    | Cairn CLO XIII DAC                                                    | CUSIP: 000000000<br>LEI: 549300STBYRJ6V67OE09 | Long             | ABS-CBDO         | CORP              | IE        |   2000000 | PA      | $2282374.89   | 0.35%             | 2033-10-20      | Floating      | 3.62%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                                      | Mexican Bonos                                                         | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        | 135000000 | PA      | $6488113.02   | 0.99%             | 2034-11-23      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Sound Point Euro CLO Funding                                 | Sound Point Euro CLO I Funding DAC                                    | CUSIP: 000000000<br>LEI: 635400QLJRHTPJDQPY76 | Long             | ABS-CBDO         | CORP              | IE        |   2100000 | PA      | $2391966.61   | 0.37%             | 2034-05-25      | Floating      | 2.76%                 | No            |                  2 | On Loan: No      |
| EMRLD Borrower LP                                            | EMRLD BORROWER LP                                                     | CUSIP: 26872NAD1<br>LEI: 5493000GJYE7GAQCUC61 | Long             | LON              | CORP              | US        |   1790977 | PA      | $1794335.54   | 0.27%             | 2031-08-04      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| Driven Brands Funding, LLC                                   | Driven Brands Funding LLC                                             | CUSIP: 26208LAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1003479 | PA      | $999142.15    | 0.15%             | 2049-04-20      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                                     | Penske Truck Leasing Co Lp / PTL Finance Corp                         | CUSIP: 709599BR4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375000 | PA      | $384998.39    | 0.06%             | 2027-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| EVERGY INC                                                   | Evergy Inc                                                            | CUSIP: 30034WAE6<br>LEI: 549300PGTHDQY6PSUI61 | Long             | DBT              | CORP              | US        |    725000 | PA      | $733950.85    | 0.11%             | 2055-06-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                          | Petroleos Mexicanos                                                   | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    800000 | PA      | $908914.45    | 0.14%             | 2026-04-16      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA                                        | Sri Lanka Government International Bond                               | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |   1200000 | PA      | $1010360.88   | 0.15%             | 2038-02-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| KREF 2022-Fl3 Ltd                                            | KREF 2022-FL3 Ltd                                                     | CUSIP: 48275EAA4<br>LEI: 549300DG0FGL1EU1CT79 | Long             | ABS-CBDO         | CORP              | KY        |   2098295 | PA      | $2102216.14   | 0.32%             | 2039-02-17      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                          | Freddie Mac STACR Debt Notes 2015-DNA3                                | CUSIP: 3137G0GZ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1763019 | PA      | $1791420.03   | 0.27%             | 2028-04-25      | Floating      | 13.81%                | No            |                  2 | On Loan: No      |
| Regatta XXII Funding Ltd.                                    | Regatta XXII Funding Ltd                                              | CUSIP: 758968AQ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3400000 | PA      | $3411492.00   | 0.52%             | 2035-07-20      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                          | Freddie Mac STACR REMIC Trust 2024-HQA2                               | CUSIP: 35564NDY6<br>LEI: 5299002OYNAPMJKK2A73 | Long             | ABS-MBS          | CORP              | US        |   2316250 | PA      | $2327845.37   | 0.36%             | 2044-08-25      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| BUBBLES BIDCO SPA                                            | Bubbles Bidco SPA                                                     | CUSIP: 000000000<br>LEI: 815600073942740CEB24 | Long             | DBT              | CORP              | IT        |    550000 | PA      | $648054.96    | 0.10%             | 2031-09-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                                      | CARS-DB4 LP                                                           | CUSIP: 12510HAJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    970000 | PA      | $874613.11    | 0.13%             | 2050-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                             | S&P500 EMINI                                                          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |        65 | NC      | $46312.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ROLLINS INC                                                  | Rollins Inc                                                           | CUSIP: 775711AC8<br>LEI: 549300F2A0BXT4SGWD84 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1249513.60   | 0.19%             | 2035-02-24      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                        | Wells Fargo & Co                                                      | CUSIP: 95000U3D3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1893478.27   | 0.29%             | 2034-04-24      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                     | OBX 2024-NQM8 Trust                                                   | CUSIP: 67119CAA8<br>LEI: 254900Y1YRD8JNADSC78 | Long             | ABS-MBS          | CORP              | US        |   1487045 | PA      | $1501500.79   | 0.23%             | 2064-05-25      | Variable      | 6.23%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                    | Sunoco LP                                                             | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1190893.05   | 0.18%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SANTANDER CONSUMER AUTO RECEIVABLES TRUST 2021-C             | SANTANDER CONSUMER AUTO RECEIVABLES TRUST 2021-C                      | CUSIP: 80281HAD6<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       100 | NS      | $1112238.49   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Omnia Partners, LLC                                          | OMNIA PARTNERS LLC                                                    | CUSIP: 68218HAE7<br>LEI: 254900ZD1P5CVG9GOS22 | Long             | LON              | CORP              | US        |   1246859 | PA      | $1250980.17   | 0.19%             | 2030-07-25      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                                       | Santander Holdings USA Inc                                            | CUSIP: 80282KBM7<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    925000 | PA      | $941764.56    | 0.14%             | 2030-09-06      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                          | Freddie Mac STACR REMIC Trust 2023-DNA2                               | CUSIP: 35564KT58<br>LEI: 5493000IRI80KQJUNK40 | Long             | ABS-MBS          | CORP              | US        |   1843700 | PA      | $1875788.10   | 0.29%             | 2043-04-25      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                               | Apidos CLO XII                                                        | CUSIP: 03764DAP6<br>LEI: 549300M5NMLBQJXUO195 | Long             | ABS-CBDO         | CORP              | KY        |   1450000 | PA      | $1452240.25   | 0.22%             | 2031-04-15      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                     | OBX 2024-NQM12 Trust                                                  | CUSIP: 67448PAA1<br>LEI: 254900MY906NOBBPOA44 | Long             | ABS-MBS          | CORP              | US        |   1811307 | PA      | $1807342.18   | 0.28%             | 2064-07-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                             | Connecticut Avenue Securities Trust 2023-R03                          | CUSIP: 20753ACJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5594838 | PA      | $5672981.98   | 0.87%             | 2043-04-25      | Floating      | 6.85%                 | No            |                  2 | On Loan: No      |
| AMERIPRISE FINANCIAL INC                                     | Ameriprise Financial Inc                                              | CUSIP: 03076CAP1<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | DBT              | CORP              | US        |    975000 | PA      | $977781.26    | 0.15%             | 2035-04-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: —       |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                  | US 10YR NOTE (CBT)                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       431 | NC      | $-222442.87   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Cross Mortgage Trust                                         | Cross 2025-H1 Mortgage Trust                                          | CUSIP: 22758NAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2354867 | PA      | $2363043.83   | 0.36%             | 2070-02-25      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| BlueMountain EUR CLO                                         | BlueMountain Fuji Eur CLO V DAC                                       | CUSIP: 000000000<br>LEI: 635400IYPG2G6NM3OV52 | Long             | ABS-CBDO         | CORP              | IE        |   1225000 | PA      | $1398757.06   | 0.21%             | 2033-01-15      | Floating      | 3.58%                 | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO                                      | Beach Acquisition Bidco LLC                                           | CUSIP: 07337JAE7<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |    725000 | PA      | $842654.35    | 0.13%             | 2032-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                     | OBX 2024-NQM14 Trust                                                  | CUSIP: 67119XAC8<br>LEI: 254900C7ZCEHM7Y5MX79 | Long             | ABS-MBS          | CORP              | US        |   1352714 | PA      | $1342633.58   | 0.21%             | 2064-09-25      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                 | USD/COP FORWARD                                                       | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              | CORP              | US        |         1 | NC      | $211922.68    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ZAMBIA                                           | Zambia Government International Bond                                  | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |   1714620 | PA      | $1602611.54   | 0.25%             | 2033-06-30      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                                     | Duke Energy Progress LLC                                              | CUSIP: 26442UAU8<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1503241.14   | 0.23%             | 2035-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE HOLDING SA                                     | Altice France Holding SA                                              | CUSIP: 02156TAB0<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |    925000 | PA      | $339650.75    | 0.05%             | 2027-05-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                        | Wells Fargo & Co                                                      | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $3266194.88   | 0.50%             | 2031-04-23      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                     | OBX 2025-NQM3 Trust                                                   | CUSIP: 67448YAC8<br>LEI: 254900MBGY6CR10DAX67 | Long             | ABS-MBS          | CORP              | US        |   2279047 | PA      | $2285689.69   | 0.35%             | 2064-12-01      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                     | Vistra Operations Co LLC                                              | CUSIP: 92840VAQ5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    575000 | PA      | $632617.88    | 0.10%             | 2033-10-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                       | Extra Space Storage LP                                                | CUSIP: 30225VAJ6<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |    200000 | PA      | $205645.40    | 0.03%             | 2028-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                      | Goldman Sachs Group Inc/The                                           | CUSIP: 38141GB60<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    875000 | PA      | $874565.45    | 0.13%             | 2030-10-23      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| Cordatus CLO PLC                                             | CVC Cordatus Loan Fund IX DAC                                         | CUSIP: 000000000<br>LEI: 635400VT1VR8XOQ9I897 | Long             | ABS-CBDO         | CORP              | IE        |   3300000 | PA      | $3756548.87   | 0.58%             | 2034-08-20      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| ICE FUTURES EUROPE                                           | LONG GILT                                                             | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DIR              | CORP              | GB        |       -14 | NC      | $-23516.66    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae - CAS                                             | Connecticut Avenue Securities Trust 2024-R02                          | CUSIP: 20754GAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    581635 | PA      | $582017.89    | 0.09%             | 2044-02-25      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| ALMAVIVA THE ITALIAN INN                                     | Almaviva-The Italian Innovation Co SpA                                | CUSIP: 000000000<br>LEI: 815600A862DA4DD9E211 | Long             | DBT              | CORP              | IT        |   1100000 | PA      | $1276108.06   | 0.20%             | 2030-10-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                                         | Fiesta Purchaser Inc                                                  | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1057892.00   | 0.16%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                     | JP Morgan Mortgage Trust 2017-5                                       | CUSIP: 46590YAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     23442 | PA      | $23643.44     | 0.00%             | 2048-10-26      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                          | Freddie Mac STACR REMIC Trust 2021-DNA7                               | CUSIP: 35564KND7<br>LEI: 5493000ISOMSKCX2AW62 | Long             | ABS-MBS          | CORP              | US        |   4850000 | PA      | $5000928.12   | 0.77%             | 2041-11-25      | Floating      | 8.00%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                         | Royal Bank of Canada                                                  | CUSIP: 78017DAC2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $510127.41    | 0.08%             | 2031-02-04      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin                               | Santander Bank Auto Credit-Linked Notes Series 2022-B                 | CUSIP: 80290CBB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    590584 | PA      | $593281.67    | 0.09%             | 2032-08-16      | Fixed         | 11.91%                | No            |                  2 | On Loan: No      |
| SAGAX AB                                                     | Sagax AB                                                              | CUSIP: 000000000<br>LEI: 549300LJX28T6OM8DT95 | Long             | DBT              | CORP              | SE        |   1800000 | PA      | $2140768.87   | 0.33%             | 2030-05-29      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                                              | SBA Tower Trust                                                       | CUSIP: 78403DAZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2256307.68   | 0.35%             | 2028-01-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                               | Wells Fargo Commercial Mortgage Trust 2018-C46                        | CUSIP: 95001QAV3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4822371 | PA      | $87982.24     | 0.01%             | 2051-08-15      | Variable      | 0.90%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                   | USD/CHF FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-67052.40    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| KEHE DIST/FIN / NEXTWAVE                                     | KeHE Distributors LLC / KeHE Finance Corp / NextWave Distribution Inc | CUSIP: 487526AC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1462804.00   | 0.22%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                               | BRAVO Residential Funding Trust 2025-NQM7                             | CUSIP: 10570TAP0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3150000 | PA      | $3145275.00   | 0.48%             | 2065-07-25      | Variable      | 5.46%                 | No            |                  2 | On Loan: No      |
| FISERV FUNDING UNLTD CO                                      | Fiserv Funding ULC                                                    | CUSIP: 337735AA2<br>LEI: 254900RNWK5SE9A0I712 | Long             | DBT              | CORP              | IE        |   1950000 | PA      | $2240043.73   | 0.34%             | 2028-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                | Citigroup Inc                                                         | CUSIP: 000000000<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $2025227.20   | 0.31%             | 2036-07-23      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                                 | Synopsys Inc                                                          | CUSIP: 871607AE7<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1204834.42   | 0.18%             | 2035-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                              | United States Treasury Note/Bond                                      | CUSIP: 91282CMV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  24800000 | PA      | $24753500.00  | 3.79%             | 2027-03-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                          | Freddie Mac STACR REMIC Trust 2021-HQA4                               | CUSIP: 35564KNK1<br>LEI: 5493000ISE4NWBTOSK36 | Long             | ABS-MBS          | CORP              | US        |   1697435 | PA      | $1697238.65   | 0.26%             | 2041-12-25      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                      | Romanian Government International Bond                                | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   1050000 | PA      | $1237994.74   | 0.19%             | 2032-07-11      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                             | Connecticut Avenue Securities Trust 2022-R07                          | CUSIP: 20754MBZ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    799992 | PA      | $819766.67    | 0.13%             | 2042-06-25      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                          | Freddie Mac STACR REMIC Trust 2024-HQA1                               | CUSIP: 35564NCA9<br>LEI: 529900PGKDI4ZEXFQ523 | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3041889.60   | 0.47%             | 2044-03-25      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                          | Petroleos Mexicanos                                                   | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   2250000 | PA      | $2146102.65   | 0.33%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                        | Truist Financial Corp                                                 | CUSIP: 89788MAT9<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    900000 | PA      | $915595.54    | 0.14%             | 2032-08-05      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Dryden Leveraged Loan CDO                                    | Dryden 39 Euro CLO 2015 DAC                                           | CUSIP: 000000000<br>LEI: 635400A5F6GDIM6HUG89 | Long             | ABS-CBDO         | CORP              | IE        |    650000 | PA      | $738822.52    | 0.11%             | 2035-04-15      | Floating      | 2.98%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl                               | Santander Drive Auto Receivables Trust 2024-S1                        | CUSIP: 80286UAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1145545 | PA      | $1146858.29   | 0.18%             | 2029-03-16      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                  | RCKT Mortgage Trust 2025-CES5                                         | CUSIP: 74942CAA7<br>LEI: 2549008EA2IHW9G2TZ48 | Long             | ABS-MBS          | CORP              | US        |    978283 | PA      | $984927.32    | 0.15%             | 2055-05-25      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SECURITIES CORP.                                 | USD/AUD FORWARD                                                       | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | N/A              | DFE              | CORP              | US        |         1 | NC      | $5636.59      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                   | USD/GBP FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $214297.18    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl                               | Santander Drive Auto Receivables Trust 2023-S1                        | CUSIP: 80286QAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1388790 | PA      | $1392039.74   | 0.21%             | 2028-04-18      | Fixed         | 10.40%                | No            |                  2 | On Loan: No      |
| EUREX CLEARING AKTIENGESELLSCHAFT                            | EURO-SCHATZ                                                           | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              | CORP              | DE        |       -83 | NC      | $15110.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                             | S&P500 EMINI                                                          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |        44 | NC      | $122650.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PERMANENT TSB GROUP                                          | Permanent TSB Group Holdings PLC                                      | CUSIP: 000000000<br>LEI: 635400DTNHVYGZODKQ93 | Long             | DBT              | CORP              | IE        |   1275000 | PA      | $1606277.53   | 0.25%             | 2029-06-30      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin                               | Santander Bank Auto Credit-Linked Notes Series 2022-C                 | CUSIP: 80290CBK9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2700000 | PA      | $2791480.32   | 0.43%             | 2032-12-15      | Fixed         | 14.59%                | No            |                  2 | On Loan: No      |
| Hanesbrands Inc                                              | HANESBRANDS INC                                                       | CUSIP: 410346AY6<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | LON              | CORP              | US        |   1397100 | PA      | $1404371.91   | 0.22%             | 2032-03-07      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                             | Connecticut Avenue Securities Trust 2023-R06                          | CUSIP: 20754EAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1100000 | PA      | $1138384.06   | 0.17%             | 2043-07-25      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                  | US 5YR NOTE (CBT)                                                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       459 | NC      | $-70934.71    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES INC                                        | Uber Technologies Inc                                                 | CUSIP: 90353TAN0<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    550000 | PA      | $545667.64    | 0.08%             | 2030-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| MIDAS OPCO HOLDINGS LLC                                      | Stagwell Global LLC                                                   | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1830293.75   | 0.28%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                          | Petroleos Mexicanos                                                   | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    300000 | PA      | $332636.98    | 0.05%             | 2027-04-21      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                     | OBX 2025-NQM3 Trust                                                   | CUSIP: 67448YAE4<br>LEI: 254900MBGY6CR10DAX67 | Long             | ABS-MBS          | CORP              | US        |   1994166 | PA      | $1997158.33   | 0.31%             | 2064-12-01      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| Frost CMBS                                                   | Frost CMBS 2021-1 DAC                                                 | CUSIP: 000000000<br>LEI: 635400USRLUMX8CQN243 | Long             | ABS-MBS          | CORP              | IE        |   1249234 | PA      | $1643076.49   | 0.25%             | 2033-11-20      | Floating      | 7.14%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                                 | Alphabet Inc                                                          | CUSIP: 02079KAP2<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $2230497.89   | 0.34%             | 2029-05-06      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                             | COLT 2024-6 Mortgage Loan Trust                                       | CUSIP: 19688XAD8<br>LEI: 213800U2X2TO1PQH1O75 | Long             | ABS-MBS          | CORP              | US        |   2227000 | PA      | $2221693.28   | 0.34%             | 2069-11-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                          | Freddie Mac STACR REMIC Trust 2023-HQA3                               | CUSIP: 35564K3F4<br>LEI: 529900ZTXRUUVE8G8W08 | Long             | ABS-MBS          | CORP              | US        |   4589105 | PA      | $4645186.96   | 0.71%             | 2043-11-25      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                   | AUD/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-169059.54   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                               | BRAVO Residential Funding Trust 2025-NQM6                             | CUSIP: 10570MAC4<br>LEI: 254900U9H6FFPW4O4S55 | Long             | ABS-MBS          | CORP              | US        |   2424388 | PA      | $2420580.82   | 0.37%             | 2065-06-25      | Variable      | 5.33%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                                  | Extended Stay America Trust 2021-ESH                                  | CUSIP: 30227FAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2787615 | PA      | $2794321.04   | 0.43%             | 2038-07-15      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| ORBIA ADVANCE CORP SAB                                       | Orbia Advance Corp SAB de CV                                          | CUSIP: 68560EAC2<br>LEI: 549300MVHZ20SBIOEQ79 | Long             | DBT              | CORP              | MX        |   2475000 | PA      | $2527285.91   | 0.39%             | 2030-05-13      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                 | UBS Group AG                                                          | CUSIP: 902613BL1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    800000 | PA      | $828243.12    | 0.13%             | 2030-09-13      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SANTANDER CONSUMER AUTO RECEIVABLES TRUST 2021-B             | SANTANDER CONSUMER AUTO RECEIVABLES TRUST 2021-B                      | CUSIP: 802824AD4<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       100 | NS      | $2772545.04   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| PRIME HEALTHCARE SERVICE                                     | Prime Healthcare Services Inc                                         | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $994645.00    | 0.15%             | 2029-09-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                               | Wells Fargo Commercial Mortgage Trust 2024-MGP                        | CUSIP: 95003TAW3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1200000 | PA      | $1202561.88   | 0.18%             | 2041-08-15      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                                   | USD/EUR FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-60487.27    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                          | Freddie Mac STACR REMIC Trust 2022-HQA3                               | CUSIP: 35564KE70<br>LEI: 5493000IRJ8RDHSNEL96 | Long             | ABS-MBS          | CORP              | US        |   1300000 | PA      | $1399880.30   | 0.21%             | 2042-08-25      | Floating      | 9.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                             | Connecticut Avenue Securities Trust 2023-R08                          | CUSIP: 20755CAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1600000 | PA      | $1648056.64   | 0.25%             | 2043-10-25      | Floating      | 6.85%                 | No            |                  2 | On Loan: No      |
| BE SEMICONDUCTOR                                             | BE Semiconductor Industries NV                                        | CUSIP: 000000000<br>LEI: 7245007A1YFLI2GNYX06 | Long             | DBT              | CORP              | NL        |    750000 | PA      | $896137.84    | 0.14%             | 2031-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                                     | Delta Air Lines Inc / SkyMiles IP Ltd                                 | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   1325000 | PA      | $1326231.79   | 0.20%             | 2028-10-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust 2021-4 Class R                    | Flagship Credit Auto Trust 2021-4 Class R                             | CUSIP: 33845A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       110 | NS      | $17151.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                               | Bombardier Inc                                                        | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   1595000 | PA      | $1652003.71   | 0.25%             | 2032-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| EOG RESOURCES INC                                            | EOG Resources Inc                                                     | CUSIP: 26875PAZ4<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    725000 | PA      | $730748.92    | 0.11%             | 2036-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-23

**Name of Applicant:** PAYDEN & RYGEL INVESTMENT GROUP

**Signature:** Sandi Brents

**Name of Signer:** Sandi Brents

**Title:** Compliance Officer