# EDGAR Filing Document

**Accession Number:** 0002014487
**File Stem:** 0002071691-25-006561
**Filing Date:** 2025-11
**Character Count:** 145167
**Document Hash:** 783fa0f25cfeb8ad0f9ce7404227f67a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-006561.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0002071691-25-006561

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Palmer Square Funds Trust
- **CENTRAL INDEX KEY:** 0002014487

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23946
- **FILM NUMBER:** 251512438

**BUSINESS ADDRESS:**
- **STREET 1:** 1900 SHAWNEE MISSION PARKWAY
- **STREET 2:** SUITE 315
- **CITY:** MISSION WOODS
- **STATE:** KS
- **ZIP:** 66205
- **BUSINESS PHONE:** 816-994-3200

**MAIL ADDRESS:**
- **STREET 1:** 1900 SHAWNEE MISSION PARKWAY
- **STREET 2:** SUITE 315
- **CITY:** MISSION WOODS
- **STATE:** KS
- **ZIP:** 66205

## Series and Classes Contracts Data

### Palmer Square Credit Opportunities ETF (Series ID: S000085069)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000249932 | Palmer Square Credit Opportunities ETF |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Palmer Square Funds Trust

- **b. Investment Company Act file number:** 811-23946

- **c. CIK number of Registrant:** 0002014487

- **d. LEI of Registrant:** 529900TQCYQZ7YNQQZ03

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

  - **Street Address 1:** 1900 Shawnee Mission Parkway,

  - **City:** Mission Woods

  - **State:** KS

  - **Foreign country:** US

  - **Zip / Postal Code:** 66205

  - **Telephone number:** 816-994-3200

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

- **a. Name of Series:** Palmer Square Credit Opportunities ETF

- **b. EDGAR series identifier (if any):** S000085069

- **c. LEI of Series:** 529900LY0Z76U5AEGV09

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $97418019.68

**Total Liabilities:** $4820601.98

**Net Assets:** $92597417.70

**Delayed Delivery Securities:** $1425218.75

**Cash Not Reported:** $647427.08

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 349.03291680 | **1-Year:** 8242.16536361 | **5-Year:** 1328.18419244 | **10-Year:** 2294.38782012 | **30-Year:** 0.00000000

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

- **3-Month:** 100.18540471 | **1-Year:** 2510.92702006 | **5-Year:** 3694.61568386 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000249932 | 0.44%                | 0.63%                | 0.62%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $16360.11                | $-34178.37                                 |
| Month 2  | $30303.97                | $133718.87                                 |
| Month 3  | $15448.11                | $75071.95                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| EFS Cogen Holdings I LLC                                                          | EFS Cogen Holdings I LLC, First Lien, Term Loan, B                                           | CUSIP: 26844HAM9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    195063 | PA      | $196571.78    | 0.21%             | 2031-10-03      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Menlo CLO I Ltd.                                                                  | Menlo CLO I Ltd., Series 2024-1A, Class D1                                                   | CUSIP: 586915AG5<br>LEI: 2549005RHPY3C68SIP61 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $510019.00    | 0.55%             | 2038-01-20      | Floating      | 7.58%                 | Yes           |                  2 | On Loan: No      |
| Nexstar Media, Inc.                                                               | Nexstar Media, Inc.                                                                          | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124919.20    | 0.13%             | 2027-07-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Dryden 45 Senior Loan Fund                                                        | Dryden 45 Senior Loan Fund, Series 2016-45A, Class A1RR                                      | CUSIP: 26244MAW2<br>LEI: 54930046L20VLJKPVV31 | Long             | ABS-CBDO         | CORP              | KY        |    217595 | PA      | $217742.28    | 0.24%             | 2030-10-15      | Floating      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| Iron Mountain, Inc.                                                               | Iron Mountain, Inc.                                                                          | CUSIP: 46284VAG6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59680.39     | 0.06%             | 2028-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Kioxia Holdings Corp.                                                             | Kioxia Holdings Corp.                                                                        | CUSIP: 49726JAA6<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |    167000 | PA      | $170529.38    | 0.18%             | 2030-07-24      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                                         | Ford Motor Credit Co. LLC                                                                    | CUSIP: 345397B93<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    300000 | PA      | $278028.05    | 0.30%             | 2029-02-10      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Genesis Energy LP / Genesis Energy Finance Corp.                                  | Genesis Energy LP / Genesis Energy Finance Corp.                                             | CUSIP: 37185LAP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $104368.10    | 0.11%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Toyota Lease Owner Trust                                                          | Toyota Lease Owner Trust, Series 2024-B, Class A3                                            | CUSIP: 891943AD4<br>LEI: 254900R64DFTI1MWY364 | Long             | ABS-O            | CORP              | US        |    295000 | PA      | $295822.11    | 0.32%             | 2027-09-20      | Fixed         | 4.21%                 | Yes           |                  2 | On Loan: No      |
| Volkswagen Auto Loan Enhanced Trust                                               | Volkswagen Auto Loan Enhanced Trust, Series 2024-1, Class A2A                                | CUSIP: 92868RAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    378349 | PA      | $379310.63    | 0.41%             | 2027-11-22      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Match Group Holdings II LLC                                                       | Match Group Holdings II LLC                                                                  | CUSIP: 57665RAG1<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44909.84     | 0.05%             | 2027-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Inception Holdco SARL                                                             | Inception Holdco SARL, First Lien, Term Loan                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |    200000 | PA      | $201500.00    | 0.22%             | 2031-04-18      | Variable      | 7.30%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust                                             | GM Financial Automobile Leasing Trust, Series 2024-2, Class A2A                              | CUSIP: 36269WAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25222 | PA      | $25264.09     | 0.03%             | 2026-09-21      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| Fox Corp.                                                                         | Fox Corp.                                                                                    | CUSIP: 35137LAH8<br>LEI: 549300DDU6FDRBIELS05 | Long             | DBT              | CORP              | US        |    360000 | PA      | $364697.64    | 0.39%             | 2029-01-25      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| Roche Holdings, Inc.                                                              | Roche Holdings, Inc.                                                                         | CUSIP: 771196BW1<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |    140000 | PA      | $131630.54    | 0.14%             | 2028-12-13      | Fixed         | 1.93%                 | Yes           |                  2 | On Loan: No      |
| Chase Auto Owner Trust                                                            | Chase Auto Owner Trust, Series 2024-5A, Class A2                                             | CUSIP: 16144QAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30520 | PA      | $30542.51     | 0.03%             | 2027-11-26      | Fixed         | 4.40%                 | Yes           |                  2 | On Loan: No      |
| CBAMR Ltd.                                                                        | CBAMR Ltd., Series 2018-5A, Class D1R                                                        | CUSIP: 12516LAL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $999932.33    | 1.08%             | 2038-10-17      | Floating      | 7.11%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                  | NRG Energy, Inc.                                                                             | CUSIP: 629377CY6<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    175000 | PA      | $176084.38    | 0.19%             | 2029-07-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Boyd Gaming Corp.                                                                 | Boyd Gaming Corp.                                                                            | CUSIP: 103304BU4<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49806.77     | 0.05%             | 2027-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Capital One Prime Auto Receivables Trust                                          | Capital One Prime Auto Receivables Trust, Series 2022-2, Class A3                            | CUSIP: 14043GAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25395 | PA      | $25362.93     | 0.03%             | 2027-05-17      | Fixed         | 3.66%                 | No            |                  2 | On Loan: No      |
| Burlington Coat Factory Warehouse Corp.                                           | Burlington Coat Factory Warehouse Corp., First Lien, Term Loan, B                            | CUSIP: 121575AL8<br>LEI: 549300SIFDMGE3Y2SW49 | Long             | LON              | CORP              | US        |    198995 | PA      | $199492.46    | 0.22%             | 2031-09-24      | Variable      | 5.91%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO 32R Ltd.                                                     | Neuberger Berman CLO 32R Ltd., Series 2019-32RA, Class D1                                    | CUSIP: 64135XAG6<br>LEI: 25490093SHVBS5BLDZ40 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1007465.90   | 1.09%             | 2039-07-20      | Floating      | 7.28%                 | Yes           |                  2 | On Loan: No      |
| LSF12 Crown US Commercial Bidco LLC                                               | LSF12 Crown US Commercial Bidco LLC, First Lien, 2025 Refinancing Term Loan                  | CUSIP: 50221UAD3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    100000 | PA      | $100281.50    | 0.11%             | 2031-12-02      | Variable      | 7.78%                 | No            |                  2 | On Loan: No      |
| Cross Financial Corp.                                                             | Cross Financial Corp., First Lien, Term Loan, B4                                             | CUSIP: 22750JAG9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     99500 | PA      | $100060.19    | 0.11%             | 2031-10-31      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| Starbucks Corp.                                                                   | Starbucks Corp.                                                                              | CUSIP: 855244BG3<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |    280000 | PA      | $282864.43    | 0.31%             | 2027-02-08      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Regatta 32 Funding Ltd.                                                           | Regatta 32 Funding Ltd., Series 2025-4A, Class A1                                            | CUSIP: 75884AAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1005030.70   | 1.09%             | 2038-07-25      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| EPIC Crude Services LP                                                            | EPIC Crude Services LP, First Lien, Term Loan                                                | CUSIP: 29428XAJ9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     93083 | PA      | $93306.26     | 0.10%             | 2031-10-15      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| Warnermedia Holdings, Inc.                                                        | Warnermedia Holdings, Inc.                                                                   | CUSIP: 55903VBL6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    175000 | PA      | $172747.75    | 0.19%             | 2027-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Radiology Partners, Inc.                                                          | Radiology Partners, Inc.                                                                     | CUSIP: 75041VAE4<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |    120000 | PA      | $124330.35    | 0.13%             | 2032-07-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Mars, Inc.                                                                        | Mars, Inc.                                                                                   | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    300000 | PA      | $303733.05    | 0.33%             | 2028-03-01      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                          | U.S. Treasury Bills                                                                          | CUSIP: 912797RN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   1000000 | PA      | $995342.02    | 1.07%             | 2025-11-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                          | U.S. Treasury Bills                                                                          | CUSIP: 912797RP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    500000 | PA      | $497343.34    | 0.54%             | 2025-11-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO IV Ltd.                                               | Benefit Street Partners CLO IV Ltd., Series 2014-IVA, Class AR5                              | CUSIP: 08180FCG4<br>LEI: 5493002BNZCV0YE1MG83 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002716.84   | 1.08%             | 2038-10-20      | Floating      | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Honda Auto Receivables Owner Trust                                                | Honda Auto Receivables Owner Trust, Series 2023-3, Class A3                                  | CUSIP: 43815QAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    253729 | PA      | $255652.76    | 0.28%             | 2028-02-18      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| DTE Energy Co.                                                                    | DTE Energy Co.                                                                               | CUSIP: 233331BM8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    300000 | PA      | $303882.08    | 0.33%             | 2027-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BlueMountain CLO XXX Ltd.                                                         | BlueMountain CLO XXX Ltd., Series 2020-30A, Class DR                                         | CUSIP: 09630QAS0<br>LEI: 5493002GUQ80FGGGNP40 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501252.00    | 0.54%             | 2035-04-15      | Floating      | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Elanco Animal Health, Inc.                                                        | Elanco Animal Health, Inc.                                                                   | CUSIP: 28414HAG8<br>LEI: 549300SHPNDCE059M934 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104236.80    | 0.11%             | 2028-08-28      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Toyota Lease Owner Trust                                                          | Toyota Lease Owner Trust, Series 2024-A, Class A3                                            | CUSIP: 89238GAD3<br>LEI: 254900MVSB4M6HOIRE71 | Long             | ABS-O            | CORP              | US        |    101636 | PA      | $102137.84    | 0.11%             | 2027-04-20      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Iron Mountain, Inc.                                                               | Iron Mountain, Inc.                                                                          | CUSIP: 46284VAF8<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    125000 | PA      | $123156.62    | 0.13%             | 2029-09-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| GE HealthCare Technologies, Inc.                                                  | GE HealthCare Technologies, Inc.                                                             | CUSIP: 36267VAF0<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    225000 | PA      | $231936.20    | 0.25%             | 2027-11-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Lease Trust                                                           | Nissan Auto Lease Trust, Series 2024-B, Class A2A                                            | CUSIP: 65481DAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    123796 | PA      | $124364.84    | 0.13%             | 2027-06-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO XXII Ltd.                                                    | Neuberger Berman CLO XXII Ltd., Series 2016-22A, Class ER2                                   | CUSIP: 64131CAG6<br>LEI: 549300FFV1EYI8ON7P41 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $256045.33    | 0.28%             | 2038-04-15      | Floating      | 11.15%                | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                                           | Hyundai Auto Lease Securitization Trust, Series 2025-B, Class A2A                            | CUSIP: 44935DAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     70000 | PA      | $70330.96     | 0.08%             | 2027-09-15      | Fixed         | 4.58%                 | Yes           |                  2 | On Loan: No      |
| Honda Auto Receivables Owner Trust                                                | Honda Auto Receivables Owner Trust, Series 2025-2, Class A2A                                 | CUSIP: 437921AB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     65000 | PA      | $65113.52     | 0.07%             | 2028-01-18      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Home Depot, Inc. (The)                                                            | Home Depot, Inc. (The)                                                                       | CUSIP: 437076CX8<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    325000 | PA      | $325716.24    | 0.35%             | 2025-12-24      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Barings Equipment Finance LLC                                                     | Barings Equipment Finance LLC, Series 2025-A, Class A2                                       | CUSIP: 06764MAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    405265 | PA      | $407653.09    | 0.44%             | 2028-10-13      | Fixed         | 4.64%                 | Yes           |                  2 | On Loan: No      |
| NYACK Park CLO Ltd.                                                               | NYACK Park CLO Ltd., Series 2021-1A, Class D                                                 | CUSIP: 67080PAL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500000.00    | 0.54%             | 2034-10-20      | Floating      | 7.39%                 | Yes           |                  2 | On Loan: No      |
| Alliant Holdings Intermediate LLC                                                 | Alliant Holdings Intermediate LLC, First Lien, Initial Term Loan                             | CUSIP: 01881UAN5<br>LEI: 5493006Q26653NF8SI73 | Long             | LON              | CORP              | US        |     99250 | PA      | $99083.76     | 0.11%             | 2031-09-19      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| Amgen, Inc.                                                                       | Amgen, Inc.                                                                                  | CUSIP: 031162CT5<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    300000 | PA      | $292824.14    | 0.32%             | 2027-02-21      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Auto Lease Trust                                                    | Mercedes-Benz Auto Lease Trust, Series 2023-A, Class A3                                      | CUSIP: 58768RAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     26117 | PA      | $26131.74     | 0.03%             | 2027-01-15      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Auto Lease Trust                                                    | Mercedes-Benz Auto Lease Trust, Series 2024-A, Class A3                                      | CUSIP: 58770JAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $759756.90    | 0.82%             | 2028-01-18      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| EP Purchaser LLC                                                                  | EP Purchaser LLC, First Lien, Closing Date Term Loan, B                                      | CUSIP: 26881KAC8<br>LEI: 549300GGODRVQG1GH476 | Long             | LON              | CORP              | US        |     98974 | PA      | $93448.13     | 0.10%             | 2028-11-06      | Variable      | 7.78%                 | No            |                  2 | On Loan: No      |
| Trestles CLO VIII Ltd.                                                            | Trestles CLO VIII Ltd., Series 2025-8A, Class D1                                             | CUSIP: 89533DAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $499785.57    | 0.54%             | 2035-06-11      | Floating      | 7.30%                 | Yes           |                  2 | On Loan: No      |
| Michael Baker International, Inc.                                                 | Michael Baker International, Inc., First Lien, Term Loan, B1                                 | CUSIP: 59406MAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     99001 | PA      | $99434.38     | 0.11%             | 2028-12-01      | Variable      | 8.31%                 | No            |                  2 | On Loan: No      |
| Fugue Finance BV                                                                  | Fugue Finance BV, First Lien, Fourteenth Amendment Dollar Term Loan                          | CUSIP: N3430BAL8<br>LEI: 254900Y4DWBRGAFENC88 | Long             | LON              | CORP              | NL        |    199500 | PA      | $200195.26    | 0.22%             | 2032-01-09      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust                                | GM Financial Consumer Automobile Receivables Trust, Series 2022-2, Class A3                  | CUSIP: 362585AC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     29265 | PA      | $29229.90     | 0.03%             | 2027-02-16      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Post CLO VI Ltd.                                                                  | Post CLO VI Ltd., Series 2024-2A, Class E                                                    | CUSIP: 73742WAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $510299.38    | 0.55%             | 2038-01-20      | Floating      | 10.83%                | Yes           |                  2 | On Loan: No      |
| American Airlines, Inc.                                                           | American Airlines, Inc., First Lien, 2024 Term Loan, B                                       | CUSIP: 02376CBR5<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | US        |     98980 | PA      | $98958.81     | 0.11%             | 2028-02-15      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Entegris, Inc.                                                                    | Entegris, Inc.                                                                               | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |    275000 | PA      | $272935.49    | 0.29%             | 2029-04-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| IQVIA, Inc.                                                                       | IQVIA, Inc.                                                                                  | CUSIP: 46266TAC2<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51668.75     | 0.06%             | 2028-05-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Iridium Satellite LLC                                                             | Iridium Satellite LLC, First Lien, Term Loan, B4                                             | CUSIP: 46269KAT1<br>LEI: 254900615BJ7139TFM33 | Long             | LON              | CORP              | US        |     97680 | PA      | $92769.00     | 0.10%             | 2030-09-20      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| Ares LXI CLO Ltd.                                                                 | Ares LXI CLO Ltd., Series 2021-61A, Class ER                                                 | CUSIP: 04019EAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $506973.65    | 0.55%             | 2037-04-20      | Floating      | 11.17%                | Yes           |                  2 | On Loan: No      |
| New Mountain CLO 4 Ltd.                                                           | New Mountain CLO 4 Ltd., Series 4A, Class ER                                                 | CUSIP: 64754PAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |    450000 | PA      | $454532.33    | 0.49%             | 2038-03-20      | Floating      | 11.24%                | Yes           |                  2 | On Loan: No      |
| GIH Borrower LLC                                                                  | GIH Borrower LLC, First Lien, Term Loan, B                                                   | CUSIP: 36173YAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     99250 | PA      | $99696.63     | 0.11%             | 2031-11-26      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust                                             | GM Financial Automobile Leasing Trust, Series 2024-3, Class A2A                              | CUSIP: 38012QAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     56163 | PA      | $56184.00     | 0.06%             | 2027-01-20      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| AppLovin Corp.                                                                    | AppLovin Corp.                                                                               | CUSIP: 03831WAB4<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |    260000 | PA      | $266046.84    | 0.29%             | 2029-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Universal Health Services, Inc.                                                   | Universal Health Services, Inc.                                                              | CUSIP: 913903AZ3<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48833.54     | 0.05%             | 2026-09-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Kodiak Gas Services LLC                                                           | Kodiak Gas Services LLC                                                                      | CUSIP: 50012LAC8<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155757.76    | 0.17%             | 2029-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Dell International LLC                                                            | Dell International LLC / EMC Corp.                                                           | CUSIP: 24703DBJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $357718.28    | 0.39%             | 2028-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                                            | Sequoia Mortgage Trust, Series 2021-4, Class A4                                              | CUSIP: 81748WAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    212541 | PA      | $188986.39    | 0.20%             | 2051-06-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Kubota Credit Owner Trust                                                         | Kubota Credit Owner Trust, Series 2023-2A, Class A3                                          | CUSIP: 500945AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    266512 | PA      | $268815.21    | 0.29%             | 2028-01-18      | Fixed         | 5.28%                 | Yes           |                  2 | On Loan: No      |
| World Omni Auto Receivables Trust                                                 | World Omni Auto Receivables Trust, Series 2025-C, Class A3                                   | CUSIP: 981936AC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    210000 | PA      | $210803.33    | 0.23%             | 2030-11-15      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| Panther Escrow Issuer LLC                                                         | Panther Escrow Issuer LLC                                                                    | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $156122.70    | 0.17%             | 2031-06-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Acrisure LLC                                                                      | Acrisure LLC, First Lien, 2025 Refinancing Term Loan, B                                      | CUSIP: 00488PAX3<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |    199500 | PA      | $199666.58    | 0.22%             | 2032-06-21      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| Advanced Drainage Systems, Inc.                                                   | Advanced Drainage Systems, Inc.                                                              | CUSIP: 00790RAA2<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |    175000 | PA      | $174715.85    | 0.19%             | 2027-09-30      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Signal Peak CLO 4 Ltd.                                                            | Signal Peak CLO 4 Ltd., Series 2017-4A, Class BR2                                            | CUSIP: 82667EAQ4<br>LEI: 635400L44OLNOBHFTO08 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 1.08%             | 2034-10-26      | Floating      | 5.81%                 | Yes           |                  2 | On Loan: No      |
| Citadel Securities LP                                                             | Citadel Securities LP, First Lien, 2024 Term Loan, B                                         | CUSIP: 17288YAN2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | LON              | CORP              | US        |     99001 | PA      | $99298.12     | 0.11%             | 2031-10-31      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| AT&T, Inc.                                                                        | AT&T, Inc.                                                                                   | CUSIP: 00206RKG6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94681.44     | 0.10%             | 2028-02-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Vertiv Group Corp.                                                                | Vertiv Group Corp.                                                                           | CUSIP: 92535UAB0<br>LEI: 549300ZT8RQ5VK10E643 | Long             | DBT              | CORP              | US        |    166000 | PA      | $162298.94    | 0.18%             | 2028-11-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Phoenix Guarantor, Inc.                                                           | Phoenix Guarantor, Inc., First Lien, Term Loan, B5                                           | CUSIP: 71913BAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    248744 | PA      | $249176.53    | 0.27%             | 2031-02-21      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers CLO 36R Ltd.                                       | Neuberger Berman Loan Advisers CLO 36R Ltd., Series 2020-36RA, Class A                       | CUSIP: 64090EAA4<br>LEI: 254900RBT2LAQQHMHG60 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002803.85   | 1.08%             | 2039-07-20      | Floating      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                | T-Mobile USA, Inc.                                                                           | CUSIP: 87264AAV7<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150232.84    | 0.16%             | 2028-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Vistra Corp.                                                                      | Vistra Corp.                                                                                 | CUSIP: 92840MAB8<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    200000 | PA      | $204722.60    | 0.22%             | 2026-10-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Broadcom, Inc.                                                                    | Broadcom, Inc.                                                                               | CUSIP: 11135FCE9<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203718.81    | 0.22%             | 2028-04-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Graphic Packaging International LLC                                               | Graphic Packaging International LLC                                                          | CUSIP: 38869AAB3<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    225000 | PA      | $217235.68    | 0.23%             | 2028-03-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Medline Borrower LP                                                               | Medline Borrower LP                                                                          | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96517.90     | 0.10%             | 2029-04-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| SBA Communications Corp.                                                          | SBA Communications Corp.                                                                     | CUSIP: 78410GAD6<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197136.13    | 0.21%             | 2027-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| USB Auto Owner Trust                                                              | USB Auto Owner Trust, Series 2025-1A, Class A2                                               | CUSIP: 90367VAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     75000 | PA      | $75273.90     | 0.08%             | 2028-06-15      | Fixed         | 4.51%                 | Yes           |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust                                | GM Financial Consumer Automobile Receivables Trust, Series 2023-2, Class A3                  | CUSIP: 362583AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     54144 | PA      | $54246.85     | 0.06%             | 2028-02-16      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| Installed Building Products, Inc.                                                 | Installed Building Products, Inc., First Lien, Term Loan, B3                                 | CUSIP: 45780YAZ9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     98995 | PA      | $99465.20     | 0.11%             | 2031-03-28      | Variable      | 5.91%                 | No            |                  2 | On Loan: No      |
| GE HealthCare Technologies, Inc.                                                  | GE HealthCare Technologies, Inc.                                                             | CUSIP: 36267VAD5<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85039.19     | 0.09%             | 2025-11-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Canadian Pacific Railway Co.                                                      | Canadian Pacific Railway Co.                                                                 | CUSIP: 13645RBE3<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    325000 | PA      | $316625.17    | 0.34%             | 2026-12-02      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Trust                                                 | World Omni Auto Receivables Trust, Series 2024-A, Class A3                                   | CUSIP: 98164RAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    535000 | PA      | $538388.05    | 0.58%             | 2029-03-15      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                                    | Hyundai Auto Receivables Trust, Series 2025-B, Class A2A                                     | CUSIP: 44935XAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     80000 | PA      | $80337.42     | 0.09%             | 2028-08-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Corp. Trust                                                | GS Mortgage Securities Corp. Trust, Series 2012-BWTR, Class A                                | CUSIP: 36192RAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    238516 | PA      | $206886.62    | 0.22%             | 2034-11-05      | Fixed         | 2.95%                 | Yes           |                  2 | On Loan: No      |
| Rivers Enterprise Lender LLC / Rivers Enterprise Lender Corp.                     | Rivers Enterprise Lender LLC / Rivers Enterprise Lender Corp.                                | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $35333.95     | 0.04%             | 2030-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Sherwin-Williams Co. (The)                                                        | Sherwin-Williams Co. (The)                                                                   | CUSIP: 824348AW6<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |    300000 | PA      | $297281.43    | 0.32%             | 2027-06-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                              | Verizon Master Trust, Series 2024-1, Class A1A                                               | CUSIP: 92348KCL5<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |    190000 | PA      | $190357.73    | 0.21%             | 2028-12-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Amynta Agency Borrower, Inc.                                                      | Amynta Agency Borrower, Inc., First Lien, 2025 Refinancing Term Loan                         | CUSIP: 57810JAM0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    149624 | PA      | $149263.46    | 0.16%             | 2031-12-29      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| Sunrise HoldCo IV BV                                                              | Sunrise HoldCo IV BV                                                                         | CUSIP: 90320LAG2<br>LEI: 213800G1DU7LKI6ZCD69 | Long             | DBT              | CORP              | NL        |    225000 | PA      | $224509.59    | 0.24%             | 2028-01-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                                    | Hyundai Auto Receivables Trust, Series 2023-C, Class A3                                      | CUSIP: 44918CAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    148332 | PA      | $149938.16    | 0.16%             | 2028-10-16      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| Haleon US Capital LLC                                                             | Haleon US Capital LLC                                                                        | CUSIP: 36264FAK7<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |    300000 | PA      | $297020.79    | 0.32%             | 2027-03-24      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                                               | Medline Borrower LP, First Lien, 2028 Refinancing Term Loan                                  | CUSIP: 58503UAH6<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |     96225 | PA      | $96320.35     | 0.10%             | 2028-10-23      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO X Ltd.                                                                | Elmwood CLO X Ltd., Series 2021-3A, Class AR2                                                | CUSIP: 29002VAW8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1005195.98   | 1.09%             | 2038-07-20      | Floating      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Rocket Software, Inc.                                                             | Rocket Software, Inc., First Lien, Term Loan, B                                              | CUSIP: 77313DAW1<br>LEI: 549300PVG26ISP5X1556 | Long             | LON              | CORP              | US        |     99002 | PA      | $99332.05     | 0.11%             | 2028-11-28      | Variable      | 7.91%                 | No            |                  2 | On Loan: No      |
| Air Canada                                                                        | Air Canada                                                                                   | CUSIP: 008911BK4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $148769.16    | 0.16%             | 2026-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| American Tower Corp.                                                              | American Tower Corp.                                                                         | CUSIP: 03027XBJ8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    325000 | PA      | $306139.40    | 0.33%             | 2028-01-31      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Venture Global LNG, Inc.                                                          | Venture Global LNG, Inc.                                                                     | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99177.96     | 0.11%             | 2174-03-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Dryden 45 Senior Loan Fund                                                        | Dryden 45 Senior Loan Fund, Series 2016-45A, Class DRR                                       | CUSIP: 26244MBE1<br>LEI: 54930046L20VLJKPVV31 | Long             | ABS-CBDO         | CORP              | KY        |    625000 | PA      | $628750.00    | 0.68%             | 2030-10-15      | Floating      | 7.37%                 | Yes           |                  2 | On Loan: No      |
| 1011778 BC ULC / New Red Finance, Inc.                                            | 1011778 BC ULC / New Red Finance, Inc.                                                       | CUSIP: 68245XAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    125000 | PA      | $123001.33    | 0.13%             | 2028-01-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Renaissance Holdings Corp.                                                        | Renaissance Holdings Corp., First Lien, 2024-2 Term Loan, B                                  | CUSIP: 75972JAK0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     98744 | PA      | $85834.94     | 0.09%             | 2030-04-05      | Variable      | 8.16%                 | No            |                  2 | On Loan: No      |
| Clearway Energy Operating LLC                                                     | Clearway Energy Operating LLC                                                                | CUSIP: 18539UAC9<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |    212000 | PA      | $209607.58    | 0.23%             | 2028-03-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP                                         | XPLR Infrastructure Operating Partners LP                                                    | CUSIP: 65342QAL6<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24660.14     | 0.03%             | 2026-10-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Calpine Construction Finance Co. LP                                               | Calpine Construction Finance Co. LP, First Lien, Refinancing Term Loan, B                    | CUSIP: 13134NAH4<br>LEI: V0Q3DOB0FIB2XI1KWU77 | Long             | LON              | CORP              | US        |    100000 | PA      | $100113.00    | 0.11%             | 2030-07-31      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Lease Trust                                                       | Volkswagen Auto Lease Trust, Series 2025-A, Class A2A                                        | CUSIP: 92868WAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175000 | PA      | $175931.21    | 0.19%             | 2027-12-20      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| United States of America                                                          | U.S. Treasury Notes                                                                          | CUSIP: 91282CJW2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    800000 | PA      | $808812.50    | 0.87%             | 2029-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hudson River Trading LLC                                                          | Hudson River Trading LLC, First Lien, Term Loan, B                                           | CUSIP: 44413EAJ7<br>LEI: 549300SMOBUC8O5UOE10 | Long             | LON              | CORP              | US        |     98744 | PA      | $99017.71     | 0.11%             | 2030-03-18      | Variable      | 7.15%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd.                                                                  | Oaktree CLO Ltd., Series 2023-2A, Class A1R                                                  | CUSIP: 67401QAL0<br>LEI: 254900E6646RC82IR359 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1004672.56   | 1.08%             | 2038-07-20      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| Opal Bidco SAS                                                                    | Opal Bidco SAS                                                                               | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $205125.20    | 0.22%             | 2032-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| LCM XIV LP                                                                        | LCM XIV LP, Series 14A, Class AR                                                             | CUSIP: 50184VAR5<br>LEI: 549300NGJ6CPPJRPGL08 | Long             | ABS-CBDO         | CORP              | KY        |      6030 | PA      | $6032.88      | 0.01%             | 2031-07-20      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| Calpine Corp.                                                                     | Calpine Corp.                                                                                | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99644.64     | 0.11%             | 2028-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Honda Auto Receivables Owner Trust                                                | Honda Auto Receivables Owner Trust, Series 2023-3, Class A4                                  | CUSIP: 43815QAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    108000 | PA      | $109660.69    | 0.12%             | 2029-12-18      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| OneDigital Borrower LLC                                                           | OneDigital Borrower LLC, First Lien, 2025 Refinancing Term Loan, B                           | CUSIP: 68277FAN9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     99000 | PA      | $99125.73     | 0.11%             | 2031-07-02      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                                    | Hyundai Auto Receivables Trust, Series 2025-A, Class A2A                                     | CUSIP: 44935CAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    170000 | PA      | $170235.72    | 0.18%             | 2027-12-15      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Hyperion Refinance SARL                                                           | Hyperion Refinance SARL, First Lien, 2025-2 Dollar Refinancing Term Loan                     | CUSIP: G4712JBB7<br>LEI: 213800R6D9EVRN5D3117 | Long             | LON              | CORP              | LU        |     99250 | PA      | $99367.12     | 0.11%             | 2031-02-17      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| DLLAA LLC                                                                         | DLLAA LLC, Series 2023-1A, Class A3                                                          | CUSIP: 23292HAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    509414 | PA      | $516029.23    | 0.56%             | 2028-02-22      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| Avantor Funding, Inc.                                                             | Avantor Funding, Inc.                                                                        | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    225000 | PA      | $221528.81    | 0.24%             | 2028-07-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| AmWINS Group, Inc.                                                                | AmWINS Group, Inc.                                                                           | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    225000 | PA      | $218823.93    | 0.24%             | 2029-06-30      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Kubota Credit Owner Trust                                                         | Kubota Credit Owner Trust, Series 2025-2A, Class A2                                          | CUSIP: 50117LAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     75000 | PA      | $75454.71     | 0.08%             | 2028-04-17      | Fixed         | 4.48%                 | Yes           |                  2 | On Loan: No      |
| Financiere Mendel SAS                                                             | Financiere Mendel SAS, First Lien, New Term Loan, B                                          | CUSIP: 58650YAD8<br>LEI: N/A                  | Long             | LON              | CORP              | FR        |    198997 | PA      | $199661.15    | 0.22%             | 2030-11-08      | Variable      | 6.98%                 | No            |                  2 | On Loan: No      |
| Invesco US CLO Ltd.                                                               | Invesco US CLO Ltd., Series 2025-2A, Class D                                                 | CUSIP: 46151RAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1016772.45   | 1.10%             | 2038-07-15      | Floating      | 7.29%                 | Yes           |                  2 | On Loan: No      |
| MKS, Inc.                                                                         | MKS, Inc., First Lien, 2025-1 Dollar Term Loan, B                                            | CUSIP: 55314NAZ7<br>LEI: 549300KEQATBHAGVF505 | Long             | LON              | CORP              | US        |    183306 | PA      | $183669.23    | 0.20%             | 2029-08-17      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC / Allied Universal Finance Corp. / Atlas Luxco 4 SARL | Allied Universal Holdco LLC / Allied Universal Finance Corp. / Atlas Luxco 4 SARL            | CUSIP: 049362AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $196291.62    | 0.21%             | 2028-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Grifols SA                                                                        | Grifols SA                                                                                   | CUSIP: 39843UAA0<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |     45000 | PA      | $43752.69     | 0.05%             | 2028-10-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Lowe's Cos., Inc.                                                                 | Lowe's Cos., Inc.                                                                            | CUSIP: 548661DP9<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    300000 | PA      | $295750.01    | 0.32%             | 2027-05-03      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| AthenaHealth Group, Inc.                                                          | AthenaHealth Group, Inc., First Lien, Initial Term Loan                                      | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |     99500 | PA      | $99427.37     | 0.11%             | 2029-02-15      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| Magnetite XXVII Ltd.                                                              | Magnetite XXVII Ltd., Series 2020-27A, Class D1RR                                            | CUSIP: 55955EBC1<br>LEI: 5493003N6WY184N72D84 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $750000.00    | 0.81%             | 2038-10-20      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Global Medical Response, Inc.                                                     | Global Medical Response, Inc.                                                                | CUSIP: 37960BAD7<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |    105000 | PA      | $108143.18    | 0.12%             | 2032-10-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Beach Acquisition Bidco LLC                                                       | Beach Acquisition Bidco LLC                                                                  | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |    150000 | PA      | $162174.30    | 0.18%             | 2033-07-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| SCIL IV LLC / SCIL USA Holdings LLC                                               | SCIL IV LLC / SCIL USA Holdings LLC                                                          | CUSIP: 78397UAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $200004.68    | 0.22%             | 2026-11-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| John Deere Owner Trust                                                            | John Deere Owner Trust, Series 2022-C, Class A3                                              | CUSIP: 47800BAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     35126 | PA      | $35246.39     | 0.04%             | 2027-06-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Dryden 102 CLO Ltd.                                                               | Dryden 102 CLO Ltd., Series 2023-102A, Class ER                                              | CUSIP: 26253UAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $499986.47    | 0.54%             | 2038-10-15      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                | T-Mobile USA, Inc.                                                                           | CUSIP: 87264ABR5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124034.10    | 0.13%             | 2026-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Hess Midstream Operations LP                                                      | Hess Midstream Operations LP                                                                 | CUSIP: 428104AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $124956.29    | 0.13%             | 2028-06-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| GFL Environmental, Inc.                                                           | GFL Environmental, Inc.                                                                      | CUSIP: 36168QAL8<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $293173.65    | 0.32%             | 2028-08-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| OHA Credit Partners XII Ltd.                                                      | OHA Credit Partners XII Ltd., Series 2015-12A, Class ER2                                     | CUSIP: 67110BAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $508543.68    | 0.55%             | 2037-04-23      | Floating      | 10.57%                | Yes           |                  2 | On Loan: No      |
| Eaton Vance CLO Ltd.                                                              | Eaton Vance CLO Ltd., Series 2013-1A, Class AR4                                              | CUSIP: 27830BBY9<br>LEI: 5493001O5CL3BBUIEH94 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1004621.57   | 1.08%             | 2038-10-15      | Floating      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Smyrna Ready Mix Concrete LLC                                                     | Smyrna Ready Mix Concrete LLC                                                                | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    250000 | PA      | $264233.19    | 0.29%             | 2031-11-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| United Rentals North America, Inc.                                                | United Rentals North America, Inc.                                                           | CUSIP: 911365BM5<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196680.82    | 0.21%             | 2027-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Edgewater Generation LLC                                                          | Edgewater Generation LLC, First Lien, 2025 Refinancing Term Loan, B                          | CUSIP: 28031FAM2<br>LEI: 5493004PLDT1L28SWG83 | Long             | LON              | CORP              | US        |     93086 | PA      | $93427.71     | 0.10%             | 2030-08-01      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| CoreLogic, Inc.                                                                   | CoreLogic, Inc.                                                                              | CUSIP: 21871DAD5<br>LEI: 54930086CD8K2UIL0516 | Long             | DBT              | CORP              | US        |    125000 | PA      | $121603.40    | 0.13%             | 2028-05-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust                                | GM Financial Consumer Automobile Receivables Trust, Series 2025-2, Class A2A                 | CUSIP: 362549AB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     29771 | PA      | $29822.04     | 0.03%             | 2028-02-16      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO IX Ltd.                                                               | Elmwood CLO IX Ltd., Series 2021-2A, Class D1R                                               | CUSIP: 29003UAQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1005475.04   | 1.09%             | 2038-04-20      | Floating      | 6.98%                 | Yes           |                  2 | On Loan: No      |
| Discover Card Execution Note Trust                                                | Discover Card Execution Note Trust, Series 2022-A4, Class A                                  | CUSIP: 254683CX1<br>LEI: 549300CKCX1QE4RUW216 | Long             | ABS-O            | CORP              | US        |    110000 | PA      | $110034.43    | 0.12%             | 2027-10-15      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| Atlantica Sustainable Infrastructure Ltd.                                         | Atlantica Sustainable Infrastructure Ltd.                                                    | CUSIP: 04916WAA2<br>LEI: 549300ITBBGKJ651R879 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $195807.64    | 0.21%             | 2028-06-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Porsche Innovative Lease Owner Trust                                              | Porsche Innovative Lease Owner Trust, Series 2025-1A, Class A2A                              | CUSIP: 73329KAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     45000 | PA      | $45150.95     | 0.05%             | 2027-12-20      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                                           | Hyundai Auto Lease Securitization Trust, Series 2025-C, Class A2A                            | CUSIP: 44935GAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    240000 | PA      | $241204.75    | 0.26%             | 2028-01-18      | Fixed         | 4.37%                 | Yes           |                  2 | On Loan: No      |
| Fidelity Investments Money Market Funds - Treasury Portfolio                      | Fidelity Investments Money Market Funds - Treasury Portfolio, Class I                        | CUSIP: 316175504<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   3293092 | NS      | $3293091.67   | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| WMG Acquisition Corp.                                                             | WMG Acquisition Corp., First Lien, Term Loan, B                                              | CUSIP: 92929LBA5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    100000 | PA      | $100313.00    | 0.11%             | 2031-01-24      | Variable      | 6.21%                 | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.                                                      | Verizon Communications, Inc.                                                                 | CUSIP: 92343VDY7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125152.83    | 0.14%             | 2027-03-16      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust                                             | GM Financial Automobile Leasing Trust, Series 2025-3, Class A2A                              | CUSIP: 379965AB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100307.41    | 0.11%             | 2027-10-20      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| 720 East CLO Ltd.                                                                 | 720 East CLO Ltd., Series 2023-2A, Class ER                                                  | CUSIP: 817942AE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $502500.00    | 0.54%             | 2038-10-15      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Oracle Corp.                                                                      | Oracle Corp.                                                                                 | CUSIP: 68389XCD5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    300000 | PA      | $286874.09    | 0.31%             | 2028-03-25      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Primo Water Holdings, Inc. / Triton Water Holdings, Inc.                          | Primo Water Holdings, Inc. / Triton Water Holdings, Inc.                                     | CUSIP: 74168RAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $145708.94    | 0.16%             | 2029-04-30      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| HB Fuller Co.                                                                     | HB Fuller Co.                                                                                | CUSIP: 40410KAA3<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | DBT              | CORP              | US        |    125000 | PA      | $121652.34    | 0.13%             | 2028-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Archrock Partners LP / Archrock Partners Finance Corp.                            | Archrock Partners LP / Archrock Partners Finance Corp.                                       | CUSIP: 03959KAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $200423.60    | 0.22%             | 2028-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Block, Inc.                                                                       | Block, Inc.                                                                                  | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    121000 | PA      | $123991.12    | 0.13%             | 2033-08-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Veralto Corp.                                                                     | Veralto Corp.                                                                                | CUSIP: 92338CAB9<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126557.22    | 0.14%             | 2026-09-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Barings CLO Ltd.                                                                  | Barings CLO Ltd., Series 2023-1A, Class ER                                                   | CUSIP: 06763EAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $509077.68    | 0.55%             | 2038-04-20      | Floating      | 11.03%                | Yes           |                  2 | On Loan: No      |
| Whitebox CLO IV Ltd.                                                              | Whitebox CLO IV Ltd., Series 2023-4A, Class ER                                               | CUSIP: 96467LAE7<br>LEI: 549300SN372GTCE2YI66 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $509922.25    | 0.55%             | 2036-04-20      | Floating      | 10.81%                | Yes           |                  2 | On Loan: No      |
| Zayo Group Holdings, Inc.                                                         | Zayo Group Holdings, Inc., First Lien, Initial Dollar Term Loan                              | CUSIP: 98919XAB7<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |    250000 | PA      | $247130.00    | 0.27%             | 2027-03-09      | Variable      | 7.43%                 | No            |                  2 | On Loan: No      |
| Salesforce, Inc.                                                                  | Salesforce, Inc.                                                                             | CUSIP: 79466LAF1<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    325000 | PA      | $324025.64    | 0.35%             | 2028-04-11      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Global Payments, Inc.                                                             | Global Payments, Inc.                                                                        | CUSIP: 37940XAG7<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243687.89    | 0.26%             | 2027-01-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Invesco US CLO Ltd.                                                               | Invesco US CLO Ltd., Series 2023-2A, Class ER                                                | CUSIP: 46147LAE0<br>LEI: 2549000VWIHWVWECHQ22 | Long             | ABS-CBDO         | CORP              | JE        |    250000 | PA      | $257655.04    | 0.28%             | 2038-04-21      | Floating      | 12.21%                | Yes           |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust                                             | GM Financial Automobile Leasing Trust, Series 2025-3, Class A3                               | CUSIP: 379965AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    165000 | PA      | $165706.35    | 0.18%             | 2028-08-21      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| Project Alpha Intermediate Holding, Inc.                                          | Project Alpha Intermediate Holding, Inc., First Lien, Second Amendment Refinancing Term Loan | CUSIP: 74339DAN8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     99749 | PA      | $100139.76    | 0.11%             | 2030-10-28      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO 8 Ltd.                                                            | Birch Grove CLO 8 Ltd., Series 2024-8A, Class E                                              | CUSIP: 09077UAA0<br>LEI: 254900WH1INTG23INE62 | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $513222.17    | 0.55%             | 2037-04-20      | Floating      | 11.43%                | Yes           |                  2 | On Loan: No      |
| Barings CLO Ltd.                                                                  | Barings CLO Ltd., Series 2025-3A, Class D1                                                   | CUSIP: 06764PAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1007721.03   | 1.09%             | 2038-03-31      | Floating      | 7.08%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Eaton Vance CLO Ltd.                                               | Morgan Stanley Eaton Vance CLO Ltd., Series 2021-1A, Class ER                                | CUSIP: 61773LAE0<br>LEI: 549300IR0OSEGDTMK223 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $505599.83    | 0.55%             | 2037-10-23      | Floating      | 10.00%                | Yes           |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers CLO 39 Ltd.                                        | Neuberger Berman Loan Advisers CLO 39 Ltd., Series 2020-39A, Class A1R                       | CUSIP: 64134GAL3<br>LEI: 549300VZYYV7KE4XNU69 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501778.07    | 0.54%             | 2038-04-20      | Floating      | 5.86%                 | Yes           |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                                                      | Avolon Holdings Funding Ltd.                                                                 | CUSIP: 05401AAX9<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    120000 | PA      | $121772.94    | 0.13%             | 2030-01-15      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| Apidos CLO XVIII-R                                                                | Apidos CLO XVIII-R Ltd., Series 2018-18A, Class A1R2                                         | CUSIP: 03767NAW6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $502220.88    | 0.54%             | 2038-01-22      | Floating      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| Volvo Financial Equipment LLC                                                     | Volvo Financial Equipment LLC, Series 2025-2A, Class A2                                      | CUSIP: 92886CAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    145000 | PA      | $144963.38    | 0.16%             | 2028-06-15      | Fixed         | 3.96%                 | Yes           |                  2 | On Loan: No      |
| Bryant Park Funding Ltd.                                                          | Bryant Park Funding Ltd., Series 2023-20A, Class DR                                          | CUSIP: 117919AJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $255201.54    | 0.28%             | 2038-04-15      | Floating      | 7.73%                 | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO 42 Ltd.                                               | Benefit Street Partners CLO 42 Ltd., Series 2025-42A, Class A                                | CUSIP: 08187LAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003000.00   | 1.08%             | 2038-10-25      | Floating      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| HUB International Ltd.                                                            | HUB International Ltd., First Lien, 2025 Incremental Term Loan, B                            | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |     84718 | PA      | $84937.13     | 0.09%             | 2030-06-20      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| Menlo CLO III Ltd.                                                                | Menlo CLO III Ltd., Series 2025-3A, Class D                                                  | CUSIP: 58682NAG7<br>LEI: 254900SSGUF4LVDEDB34 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $750000.00    | 0.81%             | 2038-10-16      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Wyndham Hotels & Resorts, Inc.                                                    | Wyndham Hotels & Resorts, Inc.                                                               | CUSIP: 98311AAB1<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |    225000 | PA      | $219801.76    | 0.24%             | 2028-08-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Verizon Communications, Inc.                                                      | Verizon Communications, Inc.                                                                 | CUSIP: 92343VER1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    195000 | PA      | $196429.67    | 0.21%             | 2028-09-21      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| CCO Holdings LLC / CCO Holdings Capital Corp.                                     | CCO Holdings LLC / CCO Holdings Capital Corp.                                                | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $198815.94    | 0.21%             | 2027-05-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Menlo CLO I Ltd.                                                                  | Menlo CLO I Ltd., Series 2024-1A, Class A1                                                   | CUSIP: 586915AA8<br>LEI: 2549005RHPY3C68SIP61 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $502442.40    | 0.54%             | 2038-01-20      | Floating      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Quartz AcquireCo LLC                                                              | Quartz AcquireCo LLC, First Lien, Term Loan, B2                                              | CUSIP: 74773KAE5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    199492 | PA      | $199326.81    | 0.22%             | 2030-06-28      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| BMW US Capital LLC                                                                | BMW US Capital LLC                                                                           | CUSIP: 05565EBJ3<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |     65000 | PA      | $63631.50     | 0.07%             | 2029-04-18      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Discover Card Execution Note Trust                                                | Discover Card Execution Note Trust, Series 2023-A1, Class A                                  | CUSIP: 254683CY9<br>LEI: 549300CKCX1QE4RUW216 | Long             | ABS-O            | CORP              | US        |    130000 | PA      | $130157.89    | 0.14%             | 2028-03-15      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| Rad CLO 15 Ltd.                                                                   | Rad CLO 15 Ltd., Series 2021-15A, Class A1AR                                                 | CUSIP: 750103AJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1005201.36   | 1.09%             | 2040-07-20      | Floating      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| Ares LXXVI CLO Ltd.                                                               | Ares LXXVI CLO Ltd., Series 2025-76A, Class E                                                | CUSIP: 04021KAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $254670.60    | 0.28%             | 2038-05-27      | Floating      | 11.49%                | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO XXXII Ltd.                                            | Benefit Street Partners CLO XXXII Ltd., Series 2023-32A, Class E                             | CUSIP: 08181GAA6<br>LEI: 2549003NV71H6I4TDQ63 | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $504750.00    | 0.55%             | 2036-10-25      | Floating      | 11.67%                | Yes           |                  2 | On Loan: No      |
| Light & Wonder International, Inc.                                                | Light & Wonder International, Inc.                                                           | CUSIP: 80874YBE9<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102704.60    | 0.11%             | 2029-11-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Cedar Funding XVII CLO Ltd.                                                       | Cedar Funding XVII CLO Ltd., Series 2023-17A, Class D1R                                      | CUSIP: 15033PAY9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1011702.72   | 1.09%             | 2038-07-20      | Floating      | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Aris Water Holdings LLC                                                           | Aris Water Holdings LLC                                                                      | CUSIP: 04041NAA0<br>LEI: 5493007AWQW8ZKCHVV46 | Long             | DBT              | CORP              | US        |    175000 | PA      | $184891.62    | 0.20%             | 2030-04-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Elmwood CLO VIII Ltd.                                                             | Elmwood CLO VIII Ltd., Series 2021-1A, Class AR                                              | CUSIP: 29003EAS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $802852.22    | 0.87%             | 2037-04-20      | Floating      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Duke Energy Corp.                                                                 | Duke Energy Corp.                                                                            | CUSIP: 26441CAX3<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    125000 | PA      | $123048.71    | 0.13%             | 2027-08-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| United States of America                                                          | U.S. Treasury Bills                                                                          | CUSIP: 912797QG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    500000 | PA      | $498770.91    | 0.54%             | 2025-10-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| S&P Global, Inc.                                                                  | S&P Global, Inc.                                                                             | CUSIP: 78409VBH6<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |    325000 | PA      | $318407.22    | 0.34%             | 2027-03-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Citibank Credit Card Issuance Trust                                               | Citibank Credit Card Issuance Trust, Series 2023-A1, Class A1                                | CUSIP: 17305EGW9<br>LEI: R8AG6FXVDQAMDKCSJJ64 | Long             | ABS-O            | CORP              | US        |    170000 | PA      | $170321.10    | 0.18%             | 2027-12-08      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| United States of America                                                          | U.S. Treasury Bills                                                                          | CUSIP: 912797QZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   1500000 | PA      | $1487467.02   | 1.61%             | 2025-12-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ares XXXIX CLO Ltd.                                                               | Ares XXXIX CLO Ltd., Series 2016-39A, Class AR3                                              | CUSIP: 04015WBL7<br>LEI: 5493005YAOTYJUJV3S58 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003244.95   | 1.08%             | 2037-07-18      | Floating      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Cotiviti, Inc.                                                                    | Cotiviti, Inc., First Lien, New Term Loan, B                                                 | CUSIP: 22164MAB3<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |     99000 | PA      | $97432.34     | 0.11%             | 2031-05-01      | Variable      | 7.03%                 | No            |                  2 | On Loan: No      |
| Shackleton CLO Ltd.                                                               | Shackleton CLO Ltd., Series 2015-7RA, Class ARR                                              | CUSIP: 81883AAS8<br>LEI: 549300NCJRO2LKFZ8G86 | Long             | ABS-CBDO         | CORP              | KY        |    449259 | PA      | $449572.81    | 0.49%             | 2031-07-15      | Floating      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| International Business Machines Corp.                                             | International Business Machines Corp.                                                        | CUSIP: 459200JR3<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    325000 | PA      | $322330.91    | 0.35%             | 2027-01-27      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd.                                                                  | Oaktree CLO Ltd., Series 2022-1A, Class ER                                                   | CUSIP: 67402NAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $996073.54    | 1.08%             | 2038-07-15      | Floating      | 10.34%                | Yes           |                  2 | On Loan: No      |
| Osaic Holdings, Inc.                                                              | Osaic Holdings, Inc.                                                                         | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |     96000 | PA      | $99575.71     | 0.11%             | 2033-08-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Citizens Auto Receivables Trust                                                   | Citizens Auto Receivables Trust, Series 2024-1, Class A3                                     | CUSIP: 17331QAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    692206 | PA      | $696242.40    | 0.75%             | 2028-04-17      | Fixed         | 5.11%                 | Yes           |                  2 | On Loan: No      |
| Clean Harbors, Inc.                                                               | Clean Harbors, Inc.                                                                          | CUSIP: 184496AP2<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124069.99    | 0.13%             | 2029-07-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Crown Americas LLC / Crown Americas Capital Corp. V                               | Crown Americas LLC / Crown Americas Capital Corp. V                                          | CUSIP: 22819KAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $99579.69     | 0.11%             | 2026-09-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| A-AP Buyer, Inc.                                                                  | A-AP Buyer, Inc., First Lien, Initial Term Loan                                              | CUSIP: 00036FAB0<br>LEI: 254900BOO8W9IR1VYO11 | Long             | LON              | CORP              | US        |    198997 | PA      | $199371.61    | 0.22%             | 2031-09-09      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                                               | Toyota Auto Receivables Owner Trust, Series 2025-B, Class A2A                                | CUSIP: 89231HAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     70000 | PA      | $70188.26     | 0.08%             | 2028-03-15      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| Eaton Vance CLO Ltd.                                                              | Eaton Vance CLO Ltd., Series 2013-1A, Class D1R4                                             | CUSIP: 27830BCG7<br>LEI: 5493001O5CL3BBUIEH94 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1011425.10   | 1.09%             | 2038-10-15      | Floating      | 7.28%                 | Yes           |                  2 | On Loan: No      |
| Astoria Energy LLC                                                                | Astoria Energy LLC, First Lien, Advance Term Loan, B                                         | CUSIP: 04626LAJ8<br>LEI: 549300BXD26J7I0IPB62 | Long             | LON              | CORP              | US        |    139576 | PA      | $140081.05    | 0.15%             | 2032-06-16      | Variable      | 6.80%                 | No            |                  2 | On Loan: No      |
| Digital Realty Trust LP                                                           | Digital Realty Trust LP                                                                      | CUSIP: 25389JAR7<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              | CORP              | US        |    375000 | PA      | $372497.90    | 0.40%             | 2027-08-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Mueller Water Products, Inc.                                                      | Mueller Water Products, Inc.                                                                 | CUSIP: 624758AF5<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | DBT              | CORP              | US        |     43000 | PA      | $41446.77     | 0.04%             | 2029-06-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Eaton Vance CLO Ltd.                                               | Morgan Stanley Eaton Vance CLO Ltd., Series 2023-19A, Class D1R                              | CUSIP: 617934AU8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1011720.66   | 1.09%             | 2038-07-15      | Floating      | 7.32%                 | Yes           |                  2 | On Loan: No      |
| Belron Finance 2019 LLC                                                           | Belron Finance 2019 LLC, First Lien, 2031 Dollar Incremental Term Loan                       | CUSIP: 08078UAN3<br>LEI: N/A                  | Long             | LON              | CORP              | GB        |    198999 | PA      | $200243.48    | 0.22%             | 2031-10-16      | Variable      | 6.74%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers NBLA CLO 52 Ltd.                                   | Neuberger Berman Loan Advisers NBLA CLO 52 Ltd., Series 2022-52A, Class AR                   | CUSIP: 64135FAN0<br>LEI: 5493008RV69QDGFCMY47 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1003953.48   | 1.08%             | 2038-10-24      | Floating      | 5.67%                 | Yes           |                  2 | On Loan: No      |
| Clean Harbors, Inc.                                                               | Clean Harbors, Inc.                                                                          | CUSIP: 184496AN7<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |     39000 | PA      | $38999.85     | 0.04%             | 2027-07-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| ASGN, Inc.                                                                        | ASGN, Inc.                                                                                   | CUSIP: 00191UAA0<br>LEI: LZBNYYCBUKY537072438 | Long             | DBT              | CORP              | US        |    150000 | PA      | $147375.89    | 0.16%             | 2028-05-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| American Builders & Contractors Supply Co., Inc.                                  | American Builders & Contractors Supply Co., Inc.                                             | CUSIP: 024747AF4<br>LEI: 549300H5GQ4C1BEKG397 | Long             | DBT              | CORP              | US        |    145000 | PA      | $142218.54    | 0.15%             | 2028-01-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| TerraForm Power Operating LLC                                                     | TerraForm Power Operating LLC                                                                | CUSIP: 88104LAE3<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149029.20    | 0.16%             | 2028-01-31      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                                             | NextEra Energy Capital Holdings, Inc.                                                        | CUSIP: 65339KBY5<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    300000 | PA      | $291842.67    | 0.32%             | 2027-01-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Southern Co. (The)                                                                | Southern Co. (The)                                                                           | CUSIP: 842587DD6<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    175000 | PA      | $178021.09    | 0.19%             | 2027-08-01      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| NYACK Park CLO Ltd.                                                               | NYACK Park CLO Ltd., Series 2021-1A, Class D1R                                               | CUSIP: 67080PAY2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500000.00    | 0.54%             | 2038-10-20      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Apollo Commercial Real Estate Finance, Inc.                                       | Apollo Commercial Real Estate Finance, Inc., First Lien, Initial Term Loan                   | CUSIP: 03768DAE7<br>LEI: 549300E0AN7M2AQHSY29 | Long             | LON              | CORP              | US        |    199500 | PA      | $201059.09    | 0.22%             | 2030-06-13      | Variable      | 7.40%                 | No            |                  2 | On Loan: No      |
| Netflix, Inc.                                                                     | Netflix, Inc.                                                                                | CUSIP: 64110LAS5<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    250000 | PA      | $255533.96    | 0.28%             | 2028-04-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust                                | GM Financial Consumer Automobile Receivables Trust, Series 2023-3, Class A3                  | CUSIP: 36267KAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    533227 | PA      | $537666.47    | 0.58%             | 2028-06-16      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust                                             | GM Financial Automobile Leasing Trust, Series 2024-1, Class A3                               | CUSIP: 36269FAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    110216 | PA      | $110582.56    | 0.12%             | 2027-03-22      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| United States of America                                                          | U.S. Treasury Bills                                                                          | CUSIP: 912797SF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   1000000 | PA      | $988969.26    | 1.07%             | 2026-01-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Starwood Property Trust, Inc.                                                     | Starwood Property Trust, Inc.                                                                | CUSIP: 85571BBG9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    175000 | PA      | $175109.88    | 0.19%             | 2031-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| John Deere Owner Trust                                                            | John Deere Owner Trust, Series 2025-A, Class A2A                                             | CUSIP: 47800DAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     50000 | PA      | $50101.39     | 0.05%             | 2028-03-15      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| Virgin Media Finance plc                                                          | Virgin Media Finance plc                                                                     | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |    175000 | PA      | $162694.47    | 0.18%             | 2030-07-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Ryan Specialty LLC                                                                | Ryan Specialty LLC, First Lien, Term Loan, B1                                                | CUSIP: 78350UAJ4<br>LEI: 549300K52N7QBO3PYY45 | Long             | LON              | CORP              | US        |    198997 | PA      | $199308.92    | 0.22%             | 2031-09-15      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| LCM 26 Ltd.                                                                       | LCM 26 Ltd., Series 26A, Class A1                                                            | CUSIP: 50200FAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |      6527 | PA      | $6530.47      | 0.01%             | 2031-01-20      | Floating      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| Global Medical Response, Inc.                                                     | Global Medical Response, Inc., First Lien, Initial Term Loan                                 | CUSIP: 37956SAB0<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | LON              | CORP              | US        |     99919 | PA      | $100062.18    | 0.11%             | 2032-10-01      | Variable      | 7.63%                 | No            |                  2 | On Loan: No      |
| 720 East CLO Ltd.                                                                 | 720 East CLO Ltd., Series 2023-2A, Class D1R                                                 | CUSIP: 817941AU1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501875.00    | 0.54%             | 2038-10-15      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Elmwood CLO 14 Ltd.                                                               | Elmwood CLO 14 Ltd., Series 2022-1A, Class A1R                                               | CUSIP: 29003WAL9<br>LEI: 254900OL3XXZ9LCM4Q21 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1508036.24   | 1.63%             | 2038-10-20      | Floating      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| Broadcom, Inc.                                                                    | Broadcom, Inc.                                                                               | CUSIP: 11135FBB6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74887.64     | 0.08%             | 2025-11-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Dryden 80 CLO Ltd.                                                                | Dryden 80 CLO Ltd., Series 2019-80A, Class DR                                                | CUSIP: 26245JAW8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    475000 | PA      | $472268.68    | 0.51%             | 2033-01-17      | Floating      | 7.42%                 | Yes           |                  2 | On Loan: No      |
| Star Holding LLC                                                                  | Star Holding LLC                                                                             | CUSIP: 85513AAA6<br>LEI: 254900BDGPE9N1WAKD59 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124181.80    | 0.13%             | 2031-08-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Grinding Media, Inc.                                                              | Grinding Media, Inc., First Lien, Term Loan, B                                               | CUSIP: 39854KAC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     99000 | PA      | $99247.50     | 0.11%             | 2028-10-12      | Variable      | 7.70%                 | No            |                  2 | On Loan: No      |
| Pike Corp.                                                                        | Pike Corp.                                                                                   | CUSIP: 721283AB5<br>LEI: 549300P4EKEP6HK0NC58 | Long             | DBT              | CORP              | US        |    175000 | PA      | $187949.48    | 0.20%             | 2031-01-31      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Riserva CLO Ltd.                                                                  | Riserva CLO Ltd., Series 2016-3A, Class DRR                                                  | CUSIP: 76761RBE8<br>LEI: 549300640C8OB2I8SN35 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $499125.00    | 0.54%             | 2034-01-18      | Floating      | 7.84%                 | Yes           |                  2 | On Loan: No      |
| Bryant Park Funding Ltd.                                                          | Bryant Park Funding Ltd., Series 2023-21A, Class ER                                          | CUSIP: 11766BAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500000.00    | 0.54%             | 2038-10-18      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| HAH Group Holding Co. LLC                                                         | HAH Group Holding Co. LLC                                                                    | CUSIP: 40518JAA7<br>LEI: 254900FFJQHW9R90FL74 | Long             | DBT              | CORP              | US        |    125000 | PA      | $118855.43    | 0.13%             | 2031-10-01      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| BMW Vehicle Lease Trust                                                           | BMW Vehicle Lease Trust, Series 2023-2, Class A3                                             | CUSIP: 055979AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      7745 | PA      | $7758.61      | 0.01%             | 2026-09-25      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| Pfizer Investment Enterprises Pte. Ltd.                                           | Pfizer Investment Enterprises Pte. Ltd.                                                      | CUSIP: 716973AC6<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |    150000 | PA      | $151733.71    | 0.16%             | 2028-05-19      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                                                  | CVS Health Corp.                                                                             | CUSIP: 126650DS6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75115.17     | 0.08%             | 2026-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                                                      | Dell Equipment Finance Trust, Series 2023-1, Class A3                                        | CUSIP: 24702HAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     20181 | PA      | $20211.55     | 0.02%             | 2028-09-22      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust                                             | GM Financial Automobile Leasing Trust, Series 2025-2, Class A2A                              | CUSIP: 362962AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     50000 | PA      | $50197.88     | 0.05%             | 2027-07-20      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy, Inc.                                                             | Cheniere Energy, Inc.                                                                        | CUSIP: 16411RAK5<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |    275000 | PA      | $274216.35    | 0.30%             | 2028-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Novelis Corp.                                                                     | Novelis Corp.                                                                                | CUSIP: 670001AH9<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |     90000 | PA      | $82126.63     | 0.09%             | 2031-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| 7-Eleven, Inc.                                                                    | 7-Eleven, Inc.                                                                               | CUSIP: 817826AD2<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |    165000 | PA      | $154312.58    | 0.17%             | 2028-02-10      | Fixed         | 1.30%                 | Yes           |                  2 | On Loan: No      |
| Capital One Multi-Asset Execution Trust                                           | Capital One Multi-Asset Execution Trust, Series 2023-A1, Class A                             | CUSIP: 14041NGD7<br>LEI: R42WS16M9R97TJJKGU15 | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $150396.32    | 0.16%             | 2028-05-15      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust                                         | SFS Auto Receivables Securitization Trust, Series 2023-1A, Class A3                          | CUSIP: 78398AAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    102547 | PA      | $103302.42    | 0.11%             | 2028-10-20      | Fixed         | 5.47%                 | Yes           |                  2 | On Loan: No      |
| AbbVie, Inc.                                                                      | AbbVie, Inc.                                                                                 | CUSIP: 00287YBF5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    350000 | PA      | $352846.96    | 0.38%             | 2028-11-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner Trust                                                | Honda Auto Receivables Owner Trust, Series 2024-2, Class A3                                  | CUSIP: 437930AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    251000 | PA      | $254470.08    | 0.27%             | 2028-11-20      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| Standard Industries, Inc.                                                         | Standard Industries, Inc.                                                                    | CUSIP: 853496AD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $173639.05    | 0.19%             | 2028-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Apidos CLO LIV Ltd.                                                               | Apidos CLO LIV Ltd., Series 2025-54A, Class A1                                               | CUSIP: 03771RAA9<br>LEI: 254900SXYQWBYZA9L226 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003989.16   | 1.08%             | 2038-10-20      | Floating      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| Empower CLO Ltd.                                                                  | Empower CLO Ltd., Series 2023-1A, Class D1R                                                  | CUSIP: 29244CAQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1020103.68   | 1.10%             | 2038-04-25      | Floating      | 8.17%                 | Yes           |                  2 | On Loan: No      |
| Harley-Davidson Motorcycle Trust                                                  | Harley-Davidson Motorcycle Trust, Series 2024-A, Class A3                                    | CUSIP: 412922AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     60000 | PA      | $60669.07     | 0.07%             | 2029-03-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Dryden 30 Senior Loan Fund                                                        | Dryden 30 Senior Loan Fund, Series 2013-30A, Class DR                                        | CUSIP: 26249BAW1<br>LEI: 549300AS2O1RYPD2ED41 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $502865.30    | 0.54%             | 2028-11-15      | Floating      | 7.07%                 | Yes           |                  2 | On Loan: No      |
| Highbridge Loan Management Ltd.                                                   | Highbridge Loan Management Ltd., Series 5A-2015, Class DR3                                   | CUSIP: 44331DAY5<br>LEI: 54930067MZ9NV8B3SZ80 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $498825.50    | 0.54%             | 2030-10-15      | Floating      | 7.32%                 | Yes           |                  2 | On Loan: No      |
| Quikrete Holdings, Inc.                                                           | Quikrete Holdings, Inc., First Lien, Term Loan, B3                                           | CUSIP: 74839XAL3<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |     99500 | PA      | $99550.75     | 0.11%             | 2032-02-10      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO X Ltd.                                                                | Elmwood CLO X Ltd., Series 2021-3A, Class DR2                                                | CUSIP: 29002VBC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1011693.69   | 1.09%             | 2038-07-20      | Floating      | 7.31%                 | Yes           |                  2 | On Loan: No      |
| Pre-Paid Legal Services, Inc.                                                     | Pre-Paid Legal Services, Inc., First Lien, Initial Term Loan, B                              | CUSIP: 74006LAS1<br>LEI: 549300DKH5WJ2J8QU878 | Long             | LON              | CORP              | US        |     98991 | PA      | $93794.02     | 0.10%             | 2028-12-15      | Variable      | 7.45%                 | No            |                  2 | On Loan: No      |
| Empower CLO Ltd.                                                                  | Empower CLO Ltd., Series 2023-1A, Class ER                                                   | CUSIP: 29244NAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $255604.34    | 0.28%             | 2038-04-25      | Floating      | 11.66%                | Yes           |                  2 | On Loan: No      |
| BA Credit Card Trust                                                              | BA Credit Card Trust, Series 2022-A2, Class A2                                               | CUSIP: 05522RDF2<br>LEI: 5493006DQ60M1CRKHH19 | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $500479.95    | 0.54%             | 2028-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VOC Escrow Ltd.                                                                   | VOC Escrow Ltd.                                                                              | CUSIP: 91832VAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    138000 | PA      | $137725.99    | 0.15%             | 2028-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO Ltd.                                                                     | Voya CLO Ltd., Series 2017-3A, Class CRR                                                     | CUSIP: 92915QBN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002561.58   | 1.08%             | 2034-04-20      | Floating      | 7.43%                 | Yes           |                  2 | On Loan: No      |
| MasTec, Inc.                                                                      | MasTec, Inc.                                                                                 | CUSIP: 576323AP4<br>LEI: 549300TMDIT8WREDOF45 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149717.60    | 0.16%             | 2028-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                          | U.S. Treasury Bills                                                                          | CUSIP: 912797QF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    750000 | PA      | $748734.69    | 0.81%             | 2025-10-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Icon Investments Six DAC                                                          | Icon Investments Six DAC                                                                     | CUSIP: 45115AAA2<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |    175000 | PA      | $178640.69    | 0.19%             | 2027-05-08      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| Virtusa Corp.                                                                     | Virtusa Corp.                                                                                | CUSIP: 92837TAA0<br>LEI: C77OMXDER63WLJCSKT03 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73546.52     | 0.08%             | 2028-12-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Keurig Dr. Pepper, Inc.                                                           | Keurig Dr. Pepper, Inc.                                                                      | CUSIP: 49271VAP5<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    170000 | PA      | $167259.58    | 0.18%             | 2029-04-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                                               | Toyota Auto Receivables Owner Trust, Series 2025-A, Class A2A                                | CUSIP: 89240JAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    134178 | PA      | $134378.36    | 0.15%             | 2027-11-15      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                                                           | Flagstar Mortgage Trust, Series 2021-2, Class A6                                             | CUSIP: 33852EAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    214312 | PA      | $192460.29    | 0.21%             | 2051-04-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| ON Semiconductor Corp.                                                            | ON Semiconductor Corp.                                                                       | CUSIP: 682189AQ8<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |    210000 | PA      | $204069.94    | 0.22%             | 2028-09-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Crown Castle, Inc.                                                                | Crown Castle, Inc.                                                                           | CUSIP: 22822VAK7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247153.23    | 0.27%             | 2028-02-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| 1011778 BC ULC / New Red Finance, Inc.                                            | 1011778 BC ULC / New Red Finance, Inc.                                                       | CUSIP: 68245XAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    100000 | PA      | $97743.36     | 0.11%             | 2028-01-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd.                                                                 | CIFC Funding Ltd., Series 2018-1A, Class A1R                                                 | CUSIP: 17181NAC8<br>LEI: 635400VBVF8AYJQBI411 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $502473.35    | 0.54%             | 2038-01-18      | Floating      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| Oaktree CLO Ltd.                                                                  | Oaktree CLO Ltd., Series 2022-1A, Class DR                                                   | CUSIP: 67402LAW6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1008580.79   | 1.09%             | 2038-07-15      | Floating      | 7.44%                 | Yes           |                  2 | On Loan: No      |
| Golub Capital Partners Static Ltd.                                                | Golub Capital Partners Static Ltd., Series 2024-1A, Class AR                                 | CUSIP: 381929AN8<br>LEI: 25490083RWI1EQQYLH43 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2001432.36   | 2.16%             | 2035-07-20      | Floating      | 5.45%                 | Yes           |                  2 | On Loan: No      |
| Blackstone Mortgage Trust, Inc.                                                   | Blackstone Mortgage Trust, Inc.                                                              | CUSIP: 09257WAD2<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              | CORP              | US        |    150000 | PA      | $146557.64    | 0.16%             | 2027-01-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust A                                        | Ford Credit Floorplan Master Owner Trust A, Series 2023-1, Class A1                          | CUSIP: 34528QHV9<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |    145000 | PA      | $145721.22    | 0.16%             | 2028-05-15      | Fixed         | 4.92%                 | Yes           |                  2 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP                                         | XPLR Infrastructure Operating Partners LP                                                    | CUSIP: 65342QAB8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    175000 | PA      | $171803.08    | 0.19%             | 2027-09-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| American Honda Finance Corp.                                                      | American Honda Finance Corp.                                                                 | CUSIP: 02665WFV8<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    295000 | PA      | $295394.02    | 0.32%             | 2026-05-21      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| Capital One Multi-Asset Execution Trust                                           | Capital One Multi-Asset Execution Trust, Series 2022-A3, Class A                             | CUSIP: 14041NGB1<br>LEI: R42WS16M9R97TJJKGU15 | Long             | ABS-O            | CORP              | US        |    135000 | PA      | $135046.31    | 0.15%             | 2027-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| United States of America                                                          | U.S. Treasury Notes                                                                          | CUSIP: 91282CGH8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1600000 | PA      | $1595968.75   | 1.72%             | 2028-01-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Lease Trust                                                       | Volkswagen Auto Lease Trust, Series 2025-A, Class A4                                         | CUSIP: 92868WAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $404997.84    | 0.44%             | 2030-03-20      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| Match Group Holdings II LLC                                                       | Match Group Holdings II LLC                                                                  | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |    150000 | PA      | $147485.84    | 0.16%             | 2028-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Shackleton CLO Ltd.                                                               | Shackleton CLO Ltd., Series 2019-14A, Class ERR                                              | CUSIP: 81880YAJ9<br>LEI: 549300HOHPZON6E4VH77 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501768.60    | 0.54%             | 2034-07-20      | Floating      | 10.23%                | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Palmer Square Funds Trust

**Signature:** /s/ Jeffrey D. Fox

**Name of Signer:** Jeffrey D. Fox

**Title:** Principal Executive Officer