# EDGAR Filing Document

**Accession Number:** 0001380936
**File Stem:** 0000913181-25-000033
**Filing Date:** 2025-10
**Character Count:** 973863
**Document Hash:** f8d64cefceadaf29b6a0b676d8dc2f64
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000913181-25-000033.hdr.sgml**: 20251028

**ACCESSION NUMBER**: 0000913181-25-000033

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251028

**DATE AS OF CHANGE**: 20251028

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GUGGENHEIM STRATEGIC OPPORTUNITIES FUND
- **CENTRAL INDEX KEY:** 0001380936

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21982
- **FILM NUMBER:** 251421925

**BUSINESS ADDRESS:**
- **STREET 1:** 227 WEST MONROE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 312-827-0100

**MAIL ADDRESS:**
- **STREET 1:** 227 WEST MONROE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CLAYMORE/GUGGENHEIM STRATEGIC OPPORTUNITIES FUND
- **DATE OF NAME CHANGE:** 20090630

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Claymore/Guggenheim Strategic Opportunities Fund
- **DATE OF NAME CHANGE:** 20070605

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Claymore Strategic Opportunities Fund
- **DATE OF NAME CHANGE:** 20061113

## Nport-Ex

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 1.5%** | **COMMON STOCKS<sup>†</sup> - 1.5%** | **COMMON STOCKS<sup>†</sup> - 1.5%** |
| **Transport-Aircraft - 0.8%** | **Transport-Aircraft - 0.8%** | **Transport-Aircraft - 0.8%** |
| FTAI Aircraft Leasing Offshore SPV<sup>\*,†††</sup> | 23000000 | $17794342 |
| **Financial - 0.2%** | **Financial - 0.2%** | **Financial - 0.2%** |
| Contra Mallinckro<sup>\*,††</sup> | 17657 | 1712729 |
| Fusion Buyer LLC<sup>\*,††</sup> | 46808 | 1326211 |
| Checkers Holdings, Inc.<sup>\*,†††</sup> | 84343 | 335685 |
| Invesco Ltd.<sup>1</sup> | 1109 | 24276 |
| Citizens Financial Group, Inc.<sup>1</sup> | 404 | 21121 |
| Synchrony Financial<sup>1</sup> | 271 | 20688 |
| Citigroup, Inc.<sup>1</sup> | 214 | 20666 |
| Regions Financial Corp.<sup>1</sup> | 751 | 20570 |
| Coinbase Global, Inc. — Class A<sup>\*,1</sup> | 67 | 20404 |
| CBRE Group, Inc. — Class A<sup>\*,1</sup> | 125 | 20265 |
| Blackstone, Inc. — Class A<sup>1</sup> | 118 | 20225 |
| Northern Trust Corp.<sup>1</sup> | 154 | 20217 |
| Goldman Sachs Group, Inc.<sup>1</sup> | 27 | 20122 |
| KeyCorp<sup>1</sup> | 1032 | 19979 |
| State Street Corp.<sup>1</sup> | 172 | 19775 |
| Bank of New York Mellon Corp.<sup>1</sup> | 187 | 19747 |
| Globe Life, Inc.<sup>1</sup> | 140 | 19593 |
| Fifth Third Bancorp<sup>1</sup> | 428 | 19590 |
| PNC Financial Services Group, Inc.<sup>1</sup> | 94 | 19499 |
| Truist Financial Corp.<sup>1</sup> | 415 | 19430 |
| Blackrock, Inc.<sup>1</sup> | 17 | 19161 |
| Raymond James Financial, Inc.<sup>1</sup> | 113 | 19147 |
| Morgan Stanley<sup>1</sup> | 127 | 19111 |
| Franklin Resources, Inc.<sup>1</sup> | 743 | 19065 |
| Bank of America Corp.<sup>1</sup> | 374 | 18977 |
| Simon Property Group, Inc. REIT<sup>1</sup> | 105 | 18969 |
| T. Rowe Price Group, Inc.<sup>1</sup> | 176 | 18941 |
| Capital One Financial Corp.<sup>1</sup> | 83 | 18859 |
| Alexandria Real Estate Equities, Inc. REIT<sup>1</sup> | 227 | 18714 |
| JPMorgan Chase & Co.<sup>1</sup> | 62 | 18688 |
| Welltower, Inc. REIT<sup>1</sup> | 111 | 18679 |
| Willis Towers Watson plc<sup>1</sup> | 57 | 18627 |
| KKR & Company, Inc. — Class A<sup>1</sup> | 133 | 18552 |
| American Express Co.<sup>1</sup> | 56 | 18552 |
| Huntington Bancshares, Inc.<sup>1</sup> | 1041 | 18540 |
| U.S. Bancorp<sup>1</sup> | 379 | 18507 |
| M&T Bank Corp.<sup>1</sup> | 91 | 18351 |
| CoStar Group, Inc.<sup>\*,1</sup> | 205 | 18346 |
| Assurant, Inc.<sup>1</sup> | 85 | 18327 |
| Wells Fargo & Co.<sup>1</sup> | 223 | 18326 |
| Loews Corp.<sup>1</sup> | 189 | 18295 |
| Nasdaq, Inc.<sup>1</sup> | 193 | 18285 |
| Charles Schwab Corp.<sup>1</sup> | 189 | 18114 |
| Host Hotels & Resorts, Inc. REIT<sup>1</sup> | 1048 | 18036 |
| Kimco Realty Corp. REIT<sup>1</sup> | 797 | 17925 |
| Ventas, Inc. REIT<sup>1</sup> | 263 | 17905 |
| Hartford Insurance Group, Inc.<sup>1</sup> | 135 | 17862 |
| Cboe Global Markets, Inc.<sup>1</sup> | 75 | 17696 |
| Aflac, Inc.<sup>1</sup> | 165 | 17632 |
| Aon plc — Class A<sup>1</sup> | 48 | 17616 |
| Principal Financial Group, Inc.<sup>1</sup> | 218 | 17551 |
| Prudential Financial, Inc.<sup>1</sup> | 160 | 17546 |
| Cincinnati Financial Corp.<sup>1</sup> | 114 | 17511 |
| Federal Realty Investment Trust REIT<sup>1</sup> | 174 | 17496 |
| Prologis, Inc. REIT<sup>1</sup> | 153 | 17408 |
| VICI Properties, Inc. REIT<sup>1</sup> | 515 | 17397 |
| Travelers Companies, Inc.<sup>1</sup> | 64 | 17377 |
| Interactive Brokers Group, Inc. — Class A | 278 | 17303 |
| Allstate Corp.<sup>1</sup> | 85 | 17293 |
| MetLife, Inc.<sup>1</sup> | 212 | 17248 |
| Arch Capital Group Ltd.<sup>1</sup> | 187 | 17116 |
| Regency Centers Corp. REIT<sup>1</sup> | 236 | 17110 |
| Berkshire Hathaway, Inc. — Class B<sup>\*,1</sup> | 34 | 17101 |
| Everest Group Ltd.<sup>1</sup> | 50 | 17094 |
| Healthpeak Properties, Inc. REIT<sup>1</sup> | 950 | 17043 |
| Realty Income Corp. REIT<sup>1</sup> | 290 | 17040 |
| Mastercard, Inc. — Class A<sup>1</sup> | 28 | 16668 |
| Erie Indemnity Co. — Class A<sup>1</sup> | 47 | 16656 |
| Crown Castle, Inc. REIT<sup>1</sup> | 168 | 16655 |
| BXP, Inc. REIT<sup>1</sup> | 229 | 16605 |
| Intercontinental Exchange, Inc.<sup>1</sup> | 94 | 16601 |
| W R Berkley Corp.<sup>1</sup> | 231 | 16560 |
| CME Group, Inc. — Class A<sup>1</sup> | 62 | 16524 |
| Public Storage REIT<sup>1</sup> | 56 | 16497 |
| Apollo Global Management, Inc.<sup>1</sup> | 121 | 16484 |
| Ameriprise Financial, Inc.<sup>1</sup> | 32 | 16474 |
| Arthur J Gallagher & Co.<sup>1</sup> | 54 | 16349 |
| Chubb Ltd.<sup>1</sup> | 59 | 16229 |
| Mid-America Apartment Communities, Inc. REIT<sup>1</sup> | 111 | 16186 |
| American International Group, Inc.<sup>1</sup> | 198 | 16101 |
| Camden Property Trust REIT<sup>1</sup> | 143 | 16013 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 1.5% (continued)** | **COMMON STOCKS<sup>†</sup> - 1.5% (continued)** | **COMMON STOCKS<sup>†</sup> - 1.5% (continued)** |
| **Financials - 0.2% (continued)** | **Financials - 0.2% (continued)** | **Financials - 0.2% (continued)** |
| Equity Residential REIT<sup>1</sup> | 242 | $16001 |
| Essex Property Trust, Inc. REIT<sup>1</sup> | 59 | 15942 |
| Extra Space Storage, Inc. REIT<sup>1</sup> | 111 | 15937 |
| Digital Realty Trust, Inc. REIT<sup>1</sup> | 95 | 15926 |
| UDR, Inc. REIT<sup>1</sup> | 402 | 15907 |
| American Tower Corp. — Class A REIT<sup>1</sup> | 78 | 15900 |
| AvalonBay Communities, Inc. REIT<sup>1</sup> | 81 | 15864 |
| Marsh & McLennan Companies, Inc.<sup>1</sup> | 77 | 15847 |
| Visa, Inc. — Class A<sup>1</sup> | 45 | 15830 |
| Progressive Corp.<sup>1</sup> | 64 | 15812 |
| Weyerhaeuser Co. REIT<sup>1</sup> | 610 | 15781 |
| Invitation Homes, Inc. REIT<sup>1</sup> | 502 | 15708 |
| Brown & Brown, Inc.<sup>1</sup> | 159 | 15415 |
| Iron Mountain, Inc. REIT<sup>1</sup> | 166 | 15327 |
| SBA Communications Corp. REIT<sup>1</sup> | 74 | 15159 |
| Equinix, Inc. REIT<sup>1</sup> | 19 | 14938 |
| Endo Luxembourg Finance Co I SARL / Endo US, Inc.<sup>†††,2</sup> | 3345000 | 335 |
| Endo Luxembourg Finance Co I SARL / Endo US, Inc.<sup>†††,2</sup> | 1900000 | 190 |
| Pershing Square Tontine Holdings, Ltd. — Class A<sup>\*,†††,3</sup> | 1042740 | 104 |

---

---

| | | |
|:---|:---|:---|
| Avison Young (Canada), Inc.<sup>\*,††</sup> | 579.0 | 6 |
| **Total Financial** |  | 5049762 |

---

---

| | | |
|:---|:---|:---|
| **Consumer, Cyclical - 0.1%** | **Consumer, Cyclical - 0.1%** | **Consumer, Cyclical - 0.1%** |
| SHO Holding I Corp.<sup>\*,†††</sup> | 768 | 603024 |
| Exide Technologies<sup>\*,†††</sup> | 342 | 295028 |
| Wynn Resorts Ltd.<sup>1</sup> | 191 | 24209 |
| Las Vegas Sands Corp.<sup>1</sup> | 399 | 22995 |
| DR Horton, Inc.<sup>1</sup> | 134 | 22711 |
| Royal Caribbean Cruises Ltd.<sup>1</sup> | 62 | 22519 |
| United Airlines Holdings, Inc.<sup>\*,1</sup> | 213 | 22365 |
| Carnival Corp.<sup>\*,1</sup> | 701 | 22355 |
| Norwegian Cruise Line Holdings Ltd.<sup>\*,1</sup> | 877 | 21785 |
| PulteGroup, Inc.<sup>1</sup> | 162 | 21387 |
| Delta Air Lines, Inc.<sup>1</sup> | 341 | 21067 |
| AutoZone, Inc.<sup>\*,1</sup> | 5 | 20993 |
| Tapestry, Inc.<sup>1</sup> | 205 | 20873 |
| Cummins, Inc.<sup>1</sup> | 52 | 20719 |
| NIKE, Inc. — Class B<sup>1</sup> | 263 | 20348 |
| Williams-Sonoma, Inc.<sup>1</sup> | 107 | 20136 |
| Tractor Supply Co.<sup>1</sup> | 325 | 20072 |
| MGM Resorts International<sup>\*,1</sup> | 504 | 20004 |
| Lennar Corp. — Class A<sup>1</sup> | 149 | 19838 |
| Hasbro, Inc.<sup>1</sup> | 243 | 19724 |
| General Motors Co.<sup>1</sup> | 336 | 19686 |
| Lowe's Companies, Inc.<sup>1</sup> | 76 | 19613 |
| Fastenal Co.<sup>1</sup> | 393 | 19516 |
| Live Nation Entertainment, Inc.<sup>\*,1</sup> | 117 | 19480 |
| Dollar Tree, Inc.<sup>\*,1</sup> | 178 | 19432 |
| TKO Group Holdings, Inc.<sup>1</sup> | 102 | 19335 |
| O'Reilly Automotive, Inc.<sup>\*,1</sup> | 186 | 19284 |
| Aptiv plc<sup>\*,1</sup> | 239 | 19008 |
| Genuine Parts Co.<sup>1</sup> | 136 | 18949 |
| Home Depot, Inc.<sup>1</sup> | 46 | 18711 |
| Ralph Lauren Corp. — Class A<sup>1</sup> | 63 | 18707 |
| Ford Motor Co.<sup>1</sup> | 1571 | 18491 |
| Deckers Outdoor Corp.<sup>\*,1</sup> | 154 | 18423 |
| TJX Companies, Inc.<sup>1</sup> | 134 | 18306 |
| Ulta Beauty, Inc.<sup>\*,1</sup> | 37 | 18231 |
| Hilton Worldwide Holdings, Inc.<sup>1</sup> | 66 | 18220 |
| Ross Stores, Inc.<sup>1</sup> | 123 | 18101 |
| PACCAR, Inc.<sup>1</sup> | 177 | 17697 |
| Pool Corp.<sup>1</sup> | 56 | 17400 |
| McDonald's Corp.<sup>1</sup> | 55 | 17245 |
| Yum! Brands, Inc.<sup>1</sup> | 117 | 17196 |
| Tesla, Inc.<sup>\*,1</sup> | 51 | 17027 |
| Walmart, Inc.<sup>1</sup> | 175 | 16972 |
| Domino's Pizza, Inc.<sup>1</sup> | 37 | 16957 |
| Best Buy Company, Inc.<sup>1</sup> | 230 | 16937 |
| Marriott International, Inc. — Class A<sup>1</sup> | 63 | 16875 |
| Southwest Airlines Co.<sup>1</sup> | 500 | 16450 |
| Target Corp.<sup>1</sup> | 170 | 16317 |
| Dollar General Corp.<sup>1</sup> | 150 | 16314 |
| NVR, Inc.<sup>\*,1</sup> | 2 | 16235 |
| WW Grainger, Inc.<sup>1</sup> | 16 | 16216 |
| Copart, Inc.<sup>\*,1</sup> | 331 | 16156 |
| Costco Wholesale Corp.<sup>1</sup> | 17 | 16036 |
| Caesars Entertainment, Inc.<sup>\*,1</sup> | 599 | 16035 |
| Darden Restaurants, Inc.<sup>1</sup> | 77 | 15934 |
| Starbucks Corp.<sup>1</sup> | 176 | 15521 |
| CarMax, Inc.<sup>\*,1</sup> | 246 | 15092 |
| LKQ Corp.<sup>1</sup> | 423 | 13798 |
| Chipotle Mexican Grill, Inc. — Class A<sup>\*,1</sup> | 323 | 13611 |
| Lululemon Athletica, Inc.<sup>\*,1</sup> | 65 | 13143 |
| Accuride Corp<sup>\*,†††,4</sup> | 3087395 | 309 |
| Accuride Liquidating Trust<sup>\*,†††,4</sup> | 190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| **Total Consumer, Cyclical** |  | 1975118 |
| **Consumer, Non-cyclical - 0.1%** | **Consumer, Non-cyclical - 0.1%** | **Consumer, Non-cyclical - 0.1%** |
| WW International, Inc.<sup>\*</sup> | 4008 | 127815 |
| Estee Lauder Companies, Inc. — Class A<sup>1</sup> | 240 | 22015 |
| United Rentals, Inc.<sup>1</sup> | 23 | 21996 |
| Humana, Inc.<sup>1</sup> | 72 | 21864 |
| Archer-Daniels-Midland Co.<sup>1</sup> | 344 | 21548 |
| IDEXX Laboratories, Inc.<sup>\*,1</sup> | 32 | 20707 |
| Incyte Corp.<sup>\*,1</sup> | 243 | 20560 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | |
|:---|:---|
| **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 1.5% (continued)** | **COMMON STOCKS<sup>†</sup> - 1.5% (continued)** |
| **Consumer, Non-cyclical - 0.1% (continued)** | **Consumer, Non-cyclical - 0.1% (continued)** |

---

---

| | | |
|:---|:---|:---|
| IQVIA Holdings, Inc.<sup>\*,1</sup> | 104 | $19844 |

---

---

| | | |
|:---|:---|:---|
| Thermo Fisher Scientific, Inc.<sup>1</sup> | 40 | 19709 |
| Viatris, Inc.<sup>1</sup> | 1860 | 19623 |
| J M Smucker Co.<sup>1</sup> | 174 | 19229 |
| Johnson & Johnson<sup>1</sup> | 108 | 19134 |
| PepsiCo, Inc.<sup>1</sup> | 128 | 19027 |
| Zimmer Biomet Holdings, Inc.<sup>1</sup> | 177 | 18780 |
| Altria Group, Inc.<sup>1</sup> | 279 | 18751 |
| Bunge Global S.A.<sup>1</sup> | 222 | 18697 |
| Insulet Corp.<sup>\*,1</sup> | 55 | 18693 |
| CVS Health Corp.<sup>1</sup> | 255 | 18653 |
| Block, Inc. — Class A<sup>\*</sup> | 234 | 18636 |
| Regeneron Pharmaceuticals, Inc.<sup>1</sup> | 32 | 18582 |
| HCA Healthcare, Inc.<sup>1</sup> | 46 | 18582 |
| Global Payments, Inc.<sup>1</sup> | 209 | 18563 |
| Becton Dickinson & Co.<sup>1</sup> | 96 | 18526 |
| West Pharmaceutical Services, Inc.<sup>1</sup> | 75 | 18521 |
| ResMed, Inc.<sup>1</sup> | 67 | 18392 |
| Hershey Co.<sup>1</sup> | 100 | 18375 |
| AbbVie, Inc.<sup>1</sup> | 87 | 18305 |
| S&P Global, Inc.<sup>1</sup> | 33 | 18098 |
| Brown-Forman Corp. — Class B<sup>1</sup> | 604 | 18084 |
| Edwards Lifesciences Corp.<sup>\*,1</sup> | 222 | 18058 |
| Sysco Corp.<sup>1</sup> | 224 | 18025 |
| Charles River Laboratories International, Inc.<sup>\*,1</sup> | 110 | 17964 |
| Moody's Corp.<sup>1</sup> | 35 | 17842 |
| Labcorp Holdings, Inc.<sup>1</sup> | 64 | 17791 |
| Quanta Services, Inc.<sup>1</sup> | 47 | 17764 |
| Boston Scientific Corp.<sup>\*,1</sup> | 168 | 17724 |
| Bio-Techne Corp.<sup>1</sup> | 323 | 17646 |
| Kraft Heinz Co.<sup>1</sup> | 630 | 17621 |
| Universal Health Services, Inc. — Class B<sup>1</sup> | 97 | 17613 |
| Agilent Technologies, Inc.<sup>1</sup> | 140 | 17593 |
| Kroger Co.<sup>1</sup> | 259 | 17571 |
| Medtronic plc<sup>1</sup> | 189 | 17541 |
| Merck & Company, Inc.<sup>1</sup> | 207 | 17413 |
| Hologic, Inc.<sup>\*,1</sup> | 259 | 17384 |
| Gilead Sciences, Inc.<sup>1</sup> | 153 | 17284 |
| Lamb Weston Holdings, Inc.<sup>1</sup> | 300 | 17259 |
| Quest Diagnostics, Inc.<sup>1</sup> | 95 | 17256 |
| Stryker Corp.<sup>1</sup> | 44 | 17222 |
| Corteva, Inc.<sup>1</sup> | 232 | 17212 |
| STERIS plc<sup>1</sup> | 70 | 17154 |
| Tyson Foods, Inc. — Class A<sup>1</sup> | 301 | 17091 |
| Cencora, Inc. — Class A<sup>1</sup> | 58 | 16913 |
| Pfizer, Inc.<sup>1</sup> | 682 | 16886 |
| Danaher Corp.<sup>1</sup> | 82 | 16877 |
| GE HealthCare Technologies, Inc.<sup>1</sup> | 227 | 16737 |
| Monster Beverage Corp.<sup>\*,1</sup> | 268 | 16726 |
| DaVita, Inc.<sup>\*,1</sup> | 121 | 16669 |
| Biogen, Inc.<sup>\*,1</sup> | 126 | 16660 |
| Rollins, Inc.<sup>1</sup> | 294 | 16623 |
| Abbott Laboratories<sup>1</sup> | 124 | 16450 |
| Solventum Corp.<sup>\*,1</sup> | 225 | 16445 |
| UnitedHealth Group, Inc.<sup>1</sup> | 53 | 16423 |
| Automatic Data Processing, Inc.<sup>1</sup> | 54 | 16419 |
| Amgen, Inc.<sup>1</sup> | 57 | 16400 |
| Henry Schein, Inc.<sup>\*,1</sup> | 235 | 16351 |
| Kellanova<sup>1</sup> | 205 | 16297 |
| Kimberly-Clark Corp.<sup>1</sup> | 126 | 16272 |
| Cigna Group<sup>1</sup> | 54 | 16247 |
| Cardinal Health, Inc.<sup>1</sup> | 109 | 16217 |
| Molson Coors Beverage Co. — Class B<sup>1</sup> | 321 | 16207 |
| Procter & Gamble Co.<sup>1</sup> | 103 | 16175 |
| Avery Dennison Corp.<sup>1</sup> | 94 | 16135 |
| Constellation Brands, Inc. — Class A<sup>1</sup> | 99 | 16032 |
| Coca-Cola Co.<sup>1</sup> | 232 | 16006 |
| Cintas Corp.<sup>1</sup> | 76 | 15962 |
| The Campbell's Co.<sup>1</sup> | 498 | 15901 |
| Kenvue, Inc.<sup>1</sup> | 764 | 15822 |
| Zoetis, Inc.<sup>1</sup> | 101 | 15797 |
| McKesson Corp.<sup>1</sup> | 23 | 15793 |
| PayPal Holdings, Inc.<sup>\*,1</sup> | 224 | 15723 |
| Cooper Companies, Inc.<sup>\*,1</sup> | 233 | 15703 |
| Bristol-Myers Squibb Co.<sup>1</sup> | 332 | 15664 |
| Church & Dwight Company, Inc.<sup>1</sup> | 168 | 15651 |
| Corpay, Inc.<sup>\*,1</sup> | 48 | 15632 |
| Clorox Co.<sup>1</sup> | 132 | 15602 |
| Revvity, Inc.<sup>1</sup> | 173 | 15589 |
| McCormick & Company, Inc.<sup>1</sup> | 220 | 15481 |
| Eli Lilly & Co.<sup>1</sup> | 21 | 15384 |
| Mondelez International, Inc. — Class A<sup>1</sup> | 250 | 15360 |
| Colgate-Palmolive Co.<sup>1</sup> | 182 | 15301 |
| Equifax, Inc.<sup>1</sup> | 62 | 15271 |
| Dexcom, Inc.<sup>\*,1</sup> | 202 | 15219 |
| Philip Morris International, Inc.<sup>1</sup> | 91 | 15209 |
| General Mills, Inc.<sup>1</sup> | 308 | 15194 |
| Intuitive Surgical, Inc.<sup>\*,1</sup> | 32 | 15146 |
| Keurig Dr Pepper, Inc.<sup>1</sup> | 509 | 14807 |
| Waters Corp.<sup>\*,1</sup> | 48 | 14486 |
| Verisk Analytics, Inc. — Class A<sup>1</sup> | 54 | 14478 |
| Vertex Pharmaceuticals, Inc.<sup>\*,1</sup> | 37 | 14468 |
| Moderna, Inc.<sup>\*,1</sup> | 598 | 14406 |
| Conagra Brands, Inc.<sup>1</sup> | 744 | 14233 |
| Elevance Health, Inc.<sup>1</sup> | 44 | 14021 |
| Hormel Foods Corp.<sup>1</sup> | 541 | 13763 |
| MarketAxess Holdings, Inc.<sup>1</sup> | 74 | 13604 |
| Baxter International, Inc.<sup>1</sup> | 531 | 13110 |
| Align Technology, Inc.<sup>\*,1</sup> | 90 | 12776 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | |
|:---|:---|
| **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 1.5% (continued)** | **COMMON STOCKS<sup>†</sup> - 1.5% (continued)** |
| **Consumer, Non-cyclical - 0.1% (continued)** | **Consumer, Non-cyclical - 0.1% (continued)** |

---

---

| | | |
|:---|:---|:---|
| Molina Healthcare, Inc.<sup>\*,1</sup> | 57 | $10307 |
| Centene Corp.<sup>\*,1</sup> | 302 | 8770 |

---

---

| | | |
|:---|:---|:---|
| Save-A-Lot<sup>\*,†††</sup> | 1871199 | &nbsp;&nbsp;&nbsp;&nbsp;187 |
| Endo Guc Trust — Class A<sup>\*,†††</sup> | 13803 | 2 |
| **Total Consumer, Non-cyclical** |  | 1933326 |
| **Industrial - 0.1%** | **Industrial - 0.1%** | **Industrial - 0.1%** |
| BP Holdco LLC<sup>\*,†††,4</sup> | 121041 | 98944 |
| YAK BLOCKER 2 LLC<sup>†††</sup> | 34136 | 27634 |
| YAK BLOCKER 2 LLC<sup>†††</sup> | 31551 | 25541 |
| Generac Holdings, Inc.<sup>\*,1</sup> | 129 | 23897 |
| CH Robinson Worldwide, Inc.<sup>1</sup> | 177 | 22780 |
| GE Vernova, Inc.<sup>1</sup> | 35 | 21454 |
| Mohawk Industries, Inc.<sup>\*,1</sup> | 159 | 21098 |
| TE Connectivity plc<sup>1</sup> | 101 | 20856 |
| Allegion plc<sup>1</sup> | 121 | 20546 |
| Builders FirstSource, Inc.<sup>\*,1</sup> | 145 | 20109 |
| Northrop Grumman Corp.<sup>1</sup> | 34 | 20061 |
| Huntington Ingalls Industries, Inc.<sup>1</sup> | 74 | 20039 |
| General Dynamics Corp.<sup>1</sup> | 61 | 19799 |
| Amphenol Corp. — Class A<sup>1</sup> | 180 | 19595 |
| Garmin Ltd.<sup>1</sup> | 80 | 19346 |
| Jacobs Solutions, Inc. | 132 | 19302 |
| Caterpillar, Inc.<sup>1</sup> | 46 | 19276 |
| Jabil, Inc.<sup>1</sup> | 94 | 19254 |
| Masco Corp.<sup>1</sup> | 261 | 19155 |
| Martin Marietta Materials, Inc.<sup>1</sup> | 31 | 19108 |
| Parker-Hannifin Corp.<sup>1</sup> | 25 | 18984 |
| Packaging Corporation of America<sup>1</sup> | 87 | 18963 |
| L3Harris Technologies, Inc.<sup>1</sup> | 68 | 18878 |
| Norfolk Southern Corp.<sup>1</sup> | 67 | 18759 |
| RTX Corp.<sup>1</sup> | 118 | 18715 |
| General Electric Co.<sup>1</sup> | 68 | 18714 |
| Xylem, Inc.<sup>1</sup> | 132 | 18686 |
| Trimble, Inc.<sup>\*,1</sup> | 231 | 18669 |
| Vulcan Materials Co.<sup>1</sup> | 64 | 18634 |
| Hubbell, Inc.<sup>1</sup> | 43 | 18533 |
| Boeing Co.<sup>\*,1</sup> | 78 | 18305 |
| Teledyne Technologies, Inc.<sup>\*,1</sup> | 34 | 18298 |
| A O Smith Corp.<sup>1</sup> | 256 | 18250 |
| Smurfit WestRock plc<sup>1</sup> | 385 | 18234 |
| Mettler-Toledo International, Inc.<sup>\*,1</sup> | 14 | 18214 |
| Pentair plc<sup>1</sup> | 169 | 18173 |
| Stanley Black & Decker, Inc.<sup>1</sup> | 244 | 18127 |
| Veralto Corp.<sup>1</sup> | 170 | 18052 |
| Illinois Tool Works, Inc.<sup>1</sup> | 68 | 17996 |
| Rockwell Automation, Inc.<sup>1</sup> | 52 | 17858 |
| Eaton Corporation plc<sup>1</sup> | 51 | 17806 |
| 3M Co.<sup>1</sup> | 114 | 17731 |
| Expeditors International of Washington, Inc.<sup>1</sup> | 146 | 17599 |
| Textron, Inc.<sup>1</sup> | 218 | 17475 |
| Emerson Electric Co.<sup>1</sup> | 132 | 17424 |
| FedEx Corp.<sup>1</sup> | 75 | 17330 |
| Johnson Controls International plc<sup>1</sup> | 162 | 17316 |
| AMETEK, Inc.<sup>1</sup> | 93 | 17187 |
| J.B. Hunt Transport Services, Inc.<sup>1</sup> | 118 | 17109 |
| Nordson Corp.<sup>1</sup> | 76 | 17107 |
| Howmet Aerospace, Inc.<sup>1</sup> | 98 | 17062 |
| Snap-on, Inc.<sup>1</sup> | 52 | 16912 |
| Lockheed Martin Corp.<sup>1</sup> | 37 | 16858 |
| CSX Corp.<sup>1</sup> | 518 | 16840 |
| Keysight Technologies, Inc.<sup>\*,1</sup> | 103 | 16833 |
| TransDigm Group, Inc.<sup>1</sup> | 12 | 16786 |
| Lennox International, Inc.<sup>1</sup> | 30 | 16736 |
| Dover Corp.<sup>1</sup> | 93 | 16634 |
| Trane Technologies plc<sup>1</sup> | 40 | 16624 |
| Union Pacific Corp.<sup>1</sup> | 74 | 16544 |
| Axon Enterprise, Inc.<sup>\*,1</sup> | 22 | 16440 |
| Honeywell International, Inc.<sup>1</sup> | 74 | 16243 |
| Waste Management, Inc.<sup>1</sup> | 71 | 16074 |
| Ball Corp.<sup>1</sup> | 305 | 16055 |
| Ingersoll Rand, Inc.<sup>1</sup> | 201 | 15965 |
| Westinghouse Air Brake Technologies Corp.<sup>1</sup> | 82 | 15867 |
| Amcor plc<sup>1</sup> | 1821 | 15715 |
| Republic Services, Inc. — Class A<sup>1</sup> | 67 | 15676 |
| Old Dominion Freight Line, Inc.<sup>1</sup> | 103 | 15550 |
| Deere & Co.<sup>1</sup> | 32 | 15316 |
| Otis Worldwide Corp.<sup>1</sup> | 175 | 15117 |
| Carrier Global Corp.<sup>1</sup> | 231 | 15061 |
| IDEX Corp.<sup>1</sup> | 91 | 14970 |
| Fortive Corp. | 308 | 14741 |
| United Parcel Service, Inc. — Class B<sup>1</sup> | 165 | 14427 |
| Vector Phoenix Holdings, LP<sup>\*,†††</sup> | 121040 | 2561 |
| Targus, Inc. <sup>\*,†††</sup> | 45049 | 797 |
| Ralliant Corp. | 1 | 42 |
| Targus, Inc.<sup>\*,†††</sup> | 45049 | 5 |
| **Total Industrial** |  | 1445371 |
| **Technology - 0.1%** | **Technology - 0.1%** | **Technology - 0.1%** |
| Palantir Technologies, Inc. — Class A<sup>\*,1</sup> | 236 | 36983 |
| Western Digital Corp.<sup>1</sup> | 301 | 24182 |
| Teradyne, Inc.<sup>1</sup> | 193 | 22820 |
| Advanced Micro Devices, Inc.<sup>\*,1</sup> | 138 | 22443 |
| Seagate Technology Holdings plc<sup>1</sup> | 132 | 22097 |
| Oracle Corp.<sup>1</sup> | 95 | 21482 |
| PTC, Inc.<sup>\*,1</sup> | 98 | 20923 |
| Leidos Holdings, Inc.<sup>1</sup> | 115 | 20806 |
| Hewlett Packard Enterprise Co.<sup>1</sup> | 919 | 20742 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | |
|:---|:---|
| **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 1.5% (continued)** | **COMMON STOCKS<sup>†</sup> - 1.5% (continued)** |
| **Technology - 0.1% (continued)** | **Technology - 0.1% (continued)** |

---

---

| | | |
|:---|:---|:---|
| NVIDIA Corp.<sup>1</sup> | 117 | $20379 |
| Synopsys, Inc.<sup>\*,1</sup> | 33 | 19916 |
| Intel Corp.<sup>\*,1</sup> | 809 | 19699 |

---

---

| | | |
|:---|:---|:---|
| Broadcom, Inc.<sup>1</sup> | 66 | &nbsp;&nbsp;&nbsp;&nbsp;19628 |
| Apple, Inc.<sup>1</sup> | 84 | 19500 |
| Electronic Arts, Inc.<sup>1</sup> | 113 | 19430 |
| Cadence Design Systems, Inc.<sup>\*,1</sup> | 55 | 19274 |
| Dayforce, Inc.<sup>\*,1</sup> | 276 | 19256 |
| Monolithic Power Systems, Inc.<sup>1</sup> | 23 | 19223 |
| HP, Inc.<sup>1</sup> | 671 | 19150 |
| Dell Technologies, Inc. — Class C<sup>1</sup> | 151 | 18445 |
| Lam Research Corp.<sup>1</sup> | 184 | 18428 |
| NetApp, Inc.<sup>1</sup> | 163 | 18385 |
| Analog Devices, Inc.<sup>1</sup> | 72 | 18094 |
| NXP Semiconductor N.V.<sup>1</sup> | 77 | 18083 |
| Zebra Technologies Corp. — Class A<sup>\*,1</sup> | 57 | 18074 |
| Microsoft Corp.<sup>1</sup> | 35 | 17734 |
| Broadridge Financial Solutions, Inc.<sup>1</sup> | 69 | 17638 |
| Autodesk, Inc.<sup>\*,1</sup> | 56 | 17623 |
| Skyworks Solutions, Inc.<sup>1</sup> | 230 | 17236 |
| Micron Technology, Inc.<sup>1</sup> | 144 | 17137 |
| MSCI, Inc. — Class A<sup>1</sup> | 30 | 17032 |
| Texas Instruments, Inc.<sup>1</sup> | 84 | 17008 |
| Akamai Technologies, Inc.<sup>\*,1</sup> | 214 | 16934 |
| QUALCOMM, Inc.<sup>1</sup> | 105 | 16877 |
| EPAM Systems, Inc.<sup>\*,1</sup> | 95 | 16754 |
| Datadog, Inc. — Class A<sup>\*</sup> | 122 | 16675 |
| KLA Corp.<sup>1</sup> | 19 | 16568 |
| Take-Two Interactive Software, Inc.<sup>\*,1</sup> | 71 | 16562 |
| Tyler Technologies, Inc.<sup>\*,1</sup> | 29 | 16323 |
| Salesforce, Inc.<sup>1</sup> | 63 | 16144 |
| Super Micro Computer, Inc.<sup>\*,1</sup> | 387 | 16076 |
| ON Semiconductor Corp.<sup>\*,1</sup> | 323 | 16018 |
| Microchip Technology, Inc.<sup>1</sup> | 241 | 15665 |
| ServiceNow, Inc.<sup>\*,1</sup> | 17 | 15597 |
| Applied Materials, Inc.<sup>1</sup> | 97 | 15594 |
| Workday, Inc. — Class A<sup>\*,1</sup> | 67 | 15465 |
| Roper Technologies, Inc.<sup>1</sup> | 29 | 15263 |
| Paychex, Inc.<sup>1</sup> | 109 | 15201 |
| Jack Henry & Associates, Inc.<sup>1</sup> | 93 | 15183 |
| Cognizant Technology Solutions Corp. — Class A<sup>1</sup> | 208 | 15028 |
| Paycom Software, Inc.<sup>1</sup> | 66 | 14992 |
| Crowdstrike Holdings, Inc. — Class A<sup>\*,1</sup> | 35 | 14829 |
| Intuit, Inc.<sup>1</sup> | 22 | 14674 |
| Adobe, Inc.<sup>\*,1</sup> | 41 | 14625 |
| Fidelity National Information Services, Inc.<sup>1</sup> | 207 | 14451 |
| International Business Machines Corp.<sup>1</sup> | 59 | 14366 |
| Fair Isaac Corp.<sup>\*,1</sup> | 9 | 13695 |
| Fiserv, Inc.<sup>\*,1</sup> | 99 | 13680 |
| Accenture plc — Class A<sup>1</sup> | 52 | 13518 |
| Fortinet, Inc.<sup>\*,1</sup> | 164 | 12918 |
| Gartner, Inc.<sup>\*,1</sup> | 40 | 10048 |
| **Total Technology** |  | 1078573 |
| **Communications - 0.1%** | **Communications - 0.1%** | **Communications - 0.1%** |
| Xplore, Inc.<sup>\*,††</sup> | 61305 | 150701 |
| Figs, Inc. — Class A<sup>\*,1</sup> | 10450 | 73672 |
| Arista Networks, Inc.<sup>\*,1</sup> | 178 | 24306 |
| Corning, Inc.<sup>1</sup> | 332 | 22254 |
| Expedia Group, Inc.<sup>1</sup> | 97 | 20836 |
| Paramount Skydance Corp. — Class B<sup>\*,1</sup> | 1368 | 20110 |
| Match Group, Inc.<sup>1</sup> | 531 | 19828 |
| eBay, Inc.<sup>1</sup> | 215 | 19481 |
| Motorola Solutions, Inc.<sup>1</sup> | 41 | 19371 |
| DoorDash, Inc. — Class A<sup>\*,1</sup> | 77 | 18884 |
| Interpublic Group of Companies, Inc.<sup>1</sup> | 702 | 18842 |
| Warner Bros Discovery, Inc.<sup>\*,1</sup> | 1591 | 18519 |
| T-Mobile US, Inc.<sup>1</sup> | 73 | 18395 |
| Uber Technologies, Inc.<sup>\*,1</sup> | 193 | 18094 |
| Amazon.com, Inc.<sup>\*,1</sup> | 79 | 18091 |
| Cisco Systems, Inc.<sup>1</sup> | 261 | 18033 |
| F5, Inc.<sup>\*,1</sup> | 57 | 17849 |
| Omnicom Group, Inc.<sup>1</sup> | 227 | 17781 |
| Meta Platforms, Inc. — Class A<sup>1</sup> | 24 | 17729 |
| AT&T, Inc.<sup>1</sup> | 591 | 17310 |
| Gen Digital, Inc.<sup>1</sup> | 569 | 17184 |
| Verizon Communications, Inc.<sup>1</sup> | 383 | 16940 |
| Netflix, Inc.<sup>\*,1</sup> | 14 | 16916 |
| Booking Holdings, Inc.<sup>1</sup> | 3 | 16797 |
| Walt Disney Co.<sup>1</sup> | 140 | 16573 |
| VeriSign, Inc.<sup>1</sup> | 60 | 16402 |
| Palo Alto Networks, Inc.<sup>\*,1</sup> | 86 | 16385 |
| Comcast Corp. — Class A<sup>1</sup> | 475 | 16136 |
| Airbnb, Inc. — Class A<sup>\*,1</sup> | 121 | 15794 |
| CDW Corp.<sup>1</sup> | 95 | 15652 |
| FactSet Research Systems, Inc.<sup>1</sup> | 40 | 14933 |
| GoDaddy, Inc. — Class A<sup>\*,1</sup> | 95 | 14089 |
| News Corp. — Class A<sup>1</sup> | 449 | 13205 |
| Trade Desk, Inc. — Class A<sup>\*</sup> | 223 | 12189 |
| Fox Corp. — Class A<sup>1</sup> | 196 | 11701 |
| Charter Communications, Inc. — Class A<sup>\*,1</sup> | 42 | 11154 |
| Alphabet, Inc. — Class A<sup>1</sup> | 52 | 11071 |
| Alphabet, Inc. — Class C<sup>1</sup> | 42 | 8968 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | |
|:---|:---|
| **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 1.5% (continued)** | **COMMON STOCKS<sup>†</sup> - 1.5% (continued)** |
| **Communications - 0.1% (continued)** | **Communications - 0.1% (continued)** |

---

---

| | | |
|:---|:---|:---|
| Fox Corp. — Class B<sup>1</sup> | 121.0 | $6600 |
| News Corp. — Class B<sup>1</sup> | 133.0 | 4505 |
| **Total Communications** |  | 843280 |

---

---

| | | |
|:---|:---|:---|
| **Utilities - 0.0%** | **Utilities - 0.0%** | **Utilities - 0.0%** |
| AES Corp.<sup>1</sup> | 1455 | 19701 |
| Vistra Corp.<sup>1</sup> | 100 | 18911 |
| Edison International<sup>1</sup> | 336 | 18860 |
| Atmos Energy Corp.<sup>1</sup> | 110 | 18274 |
| American Electric Power Company, Inc.<sup>1</sup> | 164 | 18207 |
| Sempra<sup>1</sup> | 220 | 18163 |
| FirstEnergy Corp.<sup>1</sup> | 416 | 18146 |
| PPL Corp.<sup>1</sup> | 495 | 18053 |
| Dominion Energy, Inc.<sup>1</sup> | 301 | 18030 |
| Entergy Corp.<sup>1</sup> | 204 | 17970 |
| NiSource, Inc.<sup>1</sup> | 423 | 17880 |
| Alliant Energy Corp.<sup>1</sup> | 273 | 17764 |
| Xcel Energy, Inc.<sup>1</sup> | 245 | 17736 |
| PG&E Corp.<sup>1</sup> | 1158 | 17694 |
| Evergy, Inc.<sup>1</sup> | 248 | 17672 |
| Duke Energy Corp.<sup>1</sup> | 144 | 17639 |
| Constellation Energy Corp.<sup>1</sup> | 57 | 17555 |
| CenterPoint Energy, Inc.<sup>1</sup> | 465 | 17535 |
| Ameren Corp.<sup>1</sup> | 175 | 17461 |
| Southern Co.<sup>1</sup> | 187 | 17260 |
| American Water Works Company, Inc.<sup>1</sup> | 119 | 17078 |
| Public Service Enterprise Group, Inc.<sup>1</sup> | 207 | 17042 |
| CMS Energy Corp.<sup>1</sup> | 238 | 17034 |
| Exelon Corp.<sup>1</sup> | 389 | 16992 |
| DTE Energy Co.<sup>1</sup> | 124 | 16945 |
| WEC Energy Group, Inc.<sup>1</sup> | 159 | 16935 |
| Pinnacle West Capital Corp.<sup>1</sup> | 188 | 16800 |
| NextEra Energy, Inc.<sup>1</sup> | 229 | 16499 |
| Eversource Energy<sup>1</sup> | 255 | 16338 |
| NRG Energy, Inc.<sup>1</sup> | 112 | 16303 |
| Consolidated Edison, Inc.<sup>1</sup> | 163 | 16011 |
| **Total Utilities** |  | 544488 |
| **Energy - 0.0%** | **Energy - 0.0%** | **Energy - 0.0%** |
| APA Corp.<sup>1</sup> | 853 | 19807 |
| First Solar, Inc.<sup>\*,1</sup> | 100 | 19519 |
| Baker Hughes Co.<sup>1</sup> | 427 | 19386 |
| Valero Energy Corp.<sup>1</sup> | 125 | 19001 |
| Chevron Corp.<sup>1</sup> | 116 | 18630 |
| Phillips 66<sup>1</sup> | 138 | 18434 |
| Marathon Petroleum Corp.<sup>1</sup> | 102 | 18330 |
| Occidental Petroleum Corp.<sup>1</sup> | 372 | 17711 |
| ConocoPhillips<sup>1</sup> | 178 | 17617 |
| Devon Energy Corp.<sup>1</sup> | 485 | 17509 |
| Exxon Mobil Corp.<sup>1</sup> | 153 | 17486 |
| EOG Resources, Inc.<sup>1</sup> | 140 | 17475 |
| Schlumberger N.V.<sup>1</sup> | 467 | 17204 |
| Halliburton Co.<sup>1</sup> | 751 | 17070 |
| Diamondback Energy, Inc.<sup>1</sup> | 112 | 16661 |
| Targa Resources Corp.<sup>1</sup> | 99 | 16608 |
| Kinder Morgan, Inc.<sup>1</sup> | 608 | 16404 |
| Williams Companies, Inc.<sup>1</sup> | 282 | 16322 |
| Equities Corp.<sup>1</sup> | 310 | 16070 |
| Coterra Energy, Inc. — Class A<sup>1</sup> | 647 | 15813 |
| ONEOK, Inc.<sup>1</sup> | 201 | 15353 |
| Expand Energy Corp.<sup>1</sup> | 149 | 14420 |
| Texas Pacific Land Corp.<sup>1</sup> | 15 | 14002 |
| Enphase Energy, Inc.<sup>\*,1</sup> | 367 | 13836 |
| Legacy Reserves, Inc.<sup>†††</sup> | 2359 | 266 |
| Permian Production Partners LLC<sup>\*,†††</sup> | 184043 | 18 |
| **Total Energy** |  | 410952 |
| **Basic Materials - 0.0%** | **Basic Materials - 0.0%** | **Basic Materials - 0.0%** |
| Newmont Corp.<sup>1</sup> | 314 | 23362 |
| Nucor Corp.<sup>1</sup> | 142 | 21119 |
| Albemarle Corp.<sup>1</sup> | 219 | 18598 |
| DuPont de Nemours, Inc.<sup>1</sup> | 240 | 18461 |
| Freeport-McMoRan, Inc.<sup>1</sup> | 408 | 18115 |
| International Paper Co.<sup>1</sup> | 355 | 17636 |
| Air Products and Chemicals, Inc.<sup>1</sup> | 59 | 17353 |
| Linde plc<sup>1</sup> | 36 | 17218 |
| Sherwin-Williams Co.<sup>1</sup> | 47 | 17194 |
| Ecolab, Inc.<sup>1</sup> | 62 | 17176 |
| Steel Dynamics, Inc.<sup>1</sup> | 129 | 16889 |
| PPG Industries, Inc.<sup>1</sup> | 148 | 16462 |
| Mosaic Co.<sup>1</sup> | 483 | 16132 |
| LyondellBasell Industries N.V. — Class A<sup>1</sup> | 272 | 15327 |
| CF Industries Holdings, Inc.<sup>1</sup> | 176 | 15247 |
| Eastman Chemical Co.<sup>1</sup> | 208 | 14631 |
| International Flavors & Fragrances, Inc.<sup>1</sup> | 214 | 14447 |
| Dow, Inc.<sup>1</sup> | 543 | 13374 |
| **Total Basic Materials** |  | 308741 |
| **Total Common Stocks** | **Total Common Stocks** |  |
| &nbsp;&nbsp;&nbsp;(Cost $31,763,996) |  | 31383953 |
| **PREFERRED STOCKS<sup>†</sup> - 5.0%** | **PREFERRED STOCKS<sup>†</sup> - 5.0%** | **PREFERRED STOCKS<sup>†</sup> - 5.0%** |
| **Financial - 3.9%** | **Financial - 3.9%** | **Financial - 3.9%** |
| Citigroup, Inc. <sup>††</sup> | Citigroup, Inc. <sup>††</sup> | Citigroup, Inc. <sup>††</sup> |
| &nbsp;&nbsp;&nbsp;6.88%<sup>\*</sup> | 4500000 | &nbsp;&nbsp;&nbsp;&nbsp;4578791 |
| &nbsp;&nbsp;&nbsp;3.88%<sup>\*</sup> | 4000000 | 3953328 |
| &nbsp;&nbsp;&nbsp;6.75%<sup>\*</sup> | 3100000 | 3125122 |
| &nbsp;&nbsp;&nbsp;6.95%<sup>\*</sup> | 2000000 | 2030784 |
| &nbsp;&nbsp;&nbsp;4.15%<sup>\*</sup> | 2000000 | 1952030 |
| Wells Fargo & Co. | Wells Fargo & Co. | Wells Fargo & Co. |
| &nbsp;&nbsp;&nbsp;4.75%<sup>1</sup> | 183750 | 3575775 |
| &nbsp;&nbsp;&nbsp;3.90%<sup>\*,1, ††</sup> | 3300000 | 3268262 |
| &nbsp;&nbsp;&nbsp;4.70%<sup>1</sup> | 148000 | 2835680 |
| &nbsp;&nbsp;&nbsp;4.38%<sup>1</sup> | 50000 | 893000 |
| Bank of America Corp. | Bank of America Corp. | Bank of America Corp. |
| &nbsp;&nbsp;&nbsp;4.38%<sup>\*,1, ††</sup> | 2925000 | 7634814 |
| &nbsp;&nbsp;&nbsp;6.25%<sup>\*,1</sup> | 1400000 | 1401250 |
| &nbsp;&nbsp;&nbsp;6.30%<sup>\*,1, ††</sup> | 1000000 | 1003954 |
| &nbsp;&nbsp;&nbsp;4.13%<sup>1</sup> | 26000 | 446680 |
| Goldman Sachs Group, Inc. <sup>††</sup> | Goldman Sachs Group, Inc. <sup>††</sup> | Goldman Sachs Group, Inc. <sup>††</sup> |
| &nbsp;&nbsp;&nbsp;7.50%<sup>\*</sup> | 8350000 | 8765287 |
| &nbsp;&nbsp;&nbsp;6.85%<sup>\*</sup> | 1500000 | 1544810 |
| JPMorgan Chase & Co. | JPMorgan Chase & Co. | JPMorgan Chase & Co. |
| &nbsp;&nbsp;&nbsp;6.50%<sup>\*,1, ††</sup> | 2400000 | 2464975 |
| &nbsp;&nbsp;&nbsp;4.55%<sup>1</sup> | 49000 | 962850 |
| &nbsp;&nbsp;&nbsp;4.20%<sup>1</sup> | 40000 | 742400 |
| &nbsp;&nbsp;&nbsp;4.63%<sup>1</sup> | 24000 | 485040 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | |
|:---|:---|
| **Shares** | **Value** |
| **PREFERRED STOCKS<sup>†</sup> - 5.0% (continued)** | **PREFERRED STOCKS<sup>†</sup> - 5.0% (continued)** |
| <br> **Financial - 3.9% (continued)** | <br> **Financial - 3.9% (continued)** |

---

---

| | | |
|:---|:---|:---|
| Jackson Financial, Inc. | Jackson Financial, Inc. | Jackson Financial, Inc. |
| &nbsp;&nbsp;&nbsp;8.00%<sup>1</sup> | 152000 | $3967200 |
| Lincoln National Corp. <sup>††</sup> | Lincoln National Corp. <sup>††</sup> | Lincoln National Corp. <sup>††</sup> |
| &nbsp;&nbsp;&nbsp;9.25%<sup>\*,1</sup> | 3600000 | 3899711 |
| Public Storage | Public Storage | Public Storage |
| &nbsp;&nbsp;&nbsp;4.63%<sup>1</sup> | 144400 | 2695948 |
| &nbsp;&nbsp;&nbsp;4.13%<sup>1</sup> | 16400 | 274864 |
| Charles Schwab Corp. <sup>††</sup> | Charles Schwab Corp. <sup>††</sup> | Charles Schwab Corp. <sup>††</sup> |
| &nbsp;&nbsp;&nbsp;4.00%<sup>\*,1</sup> | 3150000 | 2880123 |
| W R Berkley Corp. | W R Berkley Corp. | W R Berkley Corp. |
| &nbsp;&nbsp;&nbsp;4.13% due 03/30/61 | 126000 | 2227680 |
| &nbsp;&nbsp;&nbsp;4.25% due 09/30/60 | 36800 | 650256 |
| American National Group, Inc. | American National Group, Inc. | American National Group, Inc. |
| &nbsp;&nbsp;&nbsp;7.38% | 88000 | 2235200 |
| PartnerRe Ltd.<sup>††</sup> | PartnerRe Ltd.<sup>††</sup> | PartnerRe Ltd.<sup>††</sup> |
| &nbsp;&nbsp;&nbsp;4.88% | 128000 | 2176000 |
| MetLife, Inc. <sup>††</sup> | MetLife, Inc. <sup>††</sup> | MetLife, Inc. <sup>††</sup> |
| &nbsp;&nbsp;&nbsp;3.85%<sup>\*,1</sup> | 1820000 | 1814294 |
| American Financial Group, Inc. | American Financial Group, Inc. | American Financial Group, Inc. |
| &nbsp;&nbsp;&nbsp;4.50% due 09/15/60 | 100000 | 1747000 |
| CNO Financial Group, Inc. | CNO Financial Group, Inc. | CNO Financial Group, Inc. |
| &nbsp;&nbsp;&nbsp;5.13% due 11/25/60 | 80000 | 1608800 |
| Kuvare US Holdings, Inc. <sup>††</sup> | Kuvare US Holdings, Inc. <sup>††</sup> | Kuvare US Holdings, Inc. <sup>††</sup> |
| &nbsp;&nbsp;&nbsp;7.00% due 02/17/51<sup>\*,5</sup> | 1430000 | 1424965 |
| State Street Corp. <sup>††</sup> | State Street Corp. <sup>††</sup> | State Street Corp. <sup>††</sup> |
| &nbsp;&nbsp;&nbsp;6.45%<sup>\*,1</sup> | 1400000 | 1423850 |
| Equitable Holdings, Inc. | Equitable Holdings, Inc. | Equitable Holdings, Inc. |
| &nbsp;&nbsp;&nbsp;4.30%<sup>1</sup> | 82000 | 1422700 |
| Assurant, Inc. | Assurant, Inc. | Assurant, Inc. |
| &nbsp;&nbsp;&nbsp;5.25% due 01/15/61 | 58000 | 1183780 |
| Arch Capital Group Ltd. | Arch Capital Group Ltd. | Arch Capital Group Ltd. |
| &nbsp;&nbsp;&nbsp;4.55%<sup>1</sup> | 38000 | 669560 |
| Selective Insurance Group, Inc. | Selective Insurance Group, Inc. | Selective Insurance Group, Inc. |
| &nbsp;&nbsp;&nbsp;4.60%<sup>1</sup> | 36000 | 624240 |
| RenaissanceRe Holdings Ltd.<sup>††</sup> | RenaissanceRe Holdings Ltd.<sup>††</sup> | RenaissanceRe Holdings Ltd.<sup>††</sup> |
| &nbsp;&nbsp;&nbsp;4.20% | 13000 | 212810 |
| Globe Life, Inc. | Globe Life, Inc. | Globe Life, Inc. |
| &nbsp;&nbsp;&nbsp;4.25% due 06/15/61 | 11000 | 183810 |
| Avison Young (Canada), Inc.<sup>\*, ††</sup> | 815493 | 8155 |
| First Republic Bank<sup>††</sup> | First Republic Bank<sup>††</sup> | First Republic Bank<sup>††</sup> |
| &nbsp;&nbsp;&nbsp;4.50%<sup>\*</sup> | 200000 | 600 |
| &nbsp;&nbsp;&nbsp;4.25%<sup>\*</sup> | 158000 | 16 |
| &nbsp;&nbsp;&nbsp;4.13%<sup>\*</sup> | 84800 | 8 |
| **Total Financial** |  | 84996402 |
| **Communications - 0.5%** | **Communications - 0.5%** | **Communications - 0.5%** |
| AT&T Mobility II LLC | AT&T Mobility II LLC | AT&T Mobility II LLC |
| &nbsp;&nbsp;&nbsp;6.80%<sup>\*,†††</sup> | 10000 | 10205700 |
| **Government - 0.3%** | **Government - 0.3%** | **Government - 0.3%** |
| CoBank ACB<sup>††</sup> | CoBank ACB<sup>††</sup> | CoBank ACB<sup>††</sup> |
| &nbsp;&nbsp;&nbsp;7.25%<sup>\*,1</sup> | 4300000 | 4417781 |
| &nbsp;&nbsp;&nbsp;7.13%<sup>\*,1</sup> | 500000 | 512327 |
| Farmer Mac | Farmer Mac | Farmer Mac |
| &nbsp;&nbsp;&nbsp;5.75%<sup>1</sup> | 80821 | 1832212 |
| **Total Government** |  | 6762320 |
| **Energy - 0.1%** | **Energy - 0.1%** | **Energy - 0.1%** |
| Venture Global LNG, Inc. <sup>††</sup> | Venture Global LNG, Inc. <sup>††</sup> | Venture Global LNG, Inc. <sup>††</sup> |
| &nbsp;&nbsp;&nbsp;9.00%<sup>\*,5</sup> | 1800000 | 1787475 |
| **Utilities - 0.1%** | **Utilities - 0.1%** | **Utilities - 0.1%** |
| NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. |
| &nbsp;&nbsp;&nbsp;6.50% due 06/01/85 | 60600 | 1527726 |
| **Consumer, Cyclical - 0.1%** | **Consumer, Cyclical - 0.1%** | **Consumer, Cyclical - 0.1%** |
| Exide Technologies<sup>\*,†††</sup> | 761 | 1098412 |
| **Total Preferred Stocks** | **Total Preferred Stocks** |  |
| &nbsp;&nbsp;&nbsp;(Cost $127,376,201) |  | 106378035 |
| **WARRANTS<sup>†</sup> - 0.0%** | **WARRANTS<sup>†</sup> - 0.0%** | **WARRANTS<sup>†</sup> - 0.0%** |
| Ginkgo Bioworks Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 09/16/26<sup>\*</sup> | 26852 | 349 |
| Pershing Square SPARC Holdings, Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 12/31/49<sup>\*,†††,3</sup> | 318615 | 32 |
| Pershing Square Tontine Holdings, Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 07/24/27<sup>\*,†††,3</sup> | 115860 | 11 |
| **Total Warrants** | **Total Warrants** |  |
| &nbsp;&nbsp;&nbsp;(Cost $62,178) |  | 392 |
| **RIGHTS<sup>†</sup> - 0.0%** | **RIGHTS<sup>†</sup> - 0.0%** | **RIGHTS<sup>†</sup> - 0.0%** |
| **Communications - 0.0%** | **Communications - 0.0%** | **Communications - 0.0%** |
| Xplore, Inc.<sup>\*,†††</sup> | 4673 | &nbsp;&nbsp;&nbsp;&nbsp;– |
| **Total Rights** | **Total Rights** |  |
| &nbsp;&nbsp;&nbsp;(Cost $–) |  | &nbsp;&nbsp;&nbsp;&nbsp;– |
| **EXCHANGE-TRADED FUNDS<sup>\*\*\*,†</sup> - 3.2%** | **EXCHANGE-TRADED FUNDS<sup>\*\*\*,†</sup> - 3.2%** | **EXCHANGE-TRADED FUNDS<sup>\*\*\*,†</sup> - 3.2%** |
| iShares Core S&P 500 ETF<sup>1</sup> | 82471 | 53467599 |
| iShares Silver Trust<sup>\*</sup> | 304800 | 11030712 |
| SPDR S&P 500 ETF Trust<sup>1</sup> | 3866 | 2493763 |
| iShares Russell 2000 Index ETF<sup>1</sup> | 5398 | 1269448 |
| Invesco QQQ Trust Series<sup>1</sup> | 2216 | 1264006 |
| **Total Exchange-Traded Funds** | **Total Exchange-Traded Funds** |  |
| &nbsp;&nbsp;&nbsp;(Cost $63,146,388) |  | 69525528 |
| **CLOSED-END MUTUAL FUNDS<sup>\*\*\*,†</sup> - 1.0%** | **CLOSED-END MUTUAL FUNDS<sup>\*\*\*,†</sup> - 1.0%** | **CLOSED-END MUTUAL FUNDS<sup>\*\*\*,†</sup> - 1.0%** |
| Guggenheim Active Allocation Fund<sup>4</sup> | 950000 | 14991000 |
| Blackstone Strategic Credit Fund | 186741 | 2352937 |
| BlackRock Credit Allocation Income Trust | 184289 | 2027179 |
| Eaton Vance Limited Duration Income Fund | 141764 | 1463004 |
| **Total Closed-End Mutual Funds** | **Total Closed-End Mutual Funds** |  |
| &nbsp;&nbsp;&nbsp;(Cost $19,143,524) |  | 20834120 |
| **MONEY MARKET FUNDS<sup>\*\*\*,†</sup> - 2.3%** | **MONEY MARKET FUNDS<sup>\*\*\*,†</sup> - 2.3%** | **MONEY MARKET FUNDS<sup>\*\*\*,†</sup> - 2.3%** |
| Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 4.12%<sup>6</sup> | 49257314 | 49257314 |
| Dreyfus Treasury Obligations Cash Management Fund — Institutional Shares, 4.15%<sup>6</sup> | 624295 | 624295 |
| **Total Money Market Funds** | **Total Money Market Funds** |  |
| &nbsp;&nbsp;&nbsp;(Cost $49,881,609) |  | 49881609 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **PRIVATE FUND<sup>†††</sup> - 0.1%** | **PRIVATE FUND<sup>†††</sup> - 0.1%** | **PRIVATE FUND<sup>†††</sup> - 0.1%** |
| Coller Credit Backed Loans & Notes II Ltd.\* | 1845664 | $2503111 |
| **Total Private Fund** | **Total Private Fund** |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,985,557) |  | 2503111 |
| **CORPORATE BONDS<sup>††</sup> - 37.2%** | **CORPORATE BONDS<sup>††</sup> - 37.2%** | **CORPORATE BONDS<sup>††</sup> - 37.2%** |
| **Financial - 11.7%** |  |  |
| Morgan Stanley Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;0.50%due 10/23/29<sup>◊,†††,7</sup> | 13500000 | 11445300 |
| Dyal Capital Partners III |  |  |
| &nbsp;&nbsp;&nbsp;4.40% due 06/15/40<sup>†††</sup> | 10000000 | 9492300 |
| Encore Capital Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.50% due 05/15/30<sup>5</sup> | 6100000 | 6446962 |
| &nbsp;&nbsp;&nbsp;9.25% due 04/01/29<sup>5</sup> | 2300000 | 2428546 |
| Jane Street Group / JSG Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.13% due 04/30/31<sup>1,5</sup> | 5200000 | 5432716 |
| &nbsp;&nbsp;&nbsp;4.50% due 11/15/29<sup>5</sup> | 3500000 | 3380345 |
| United Wholesale Mortgage LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 11/15/25<sup>5</sup> | 4060000 | 4055576 |
| &nbsp;&nbsp;&nbsp;5.50% due 04/15/29<sup>1,5</sup> | 1925000 | 1895829 |
| &nbsp;&nbsp;&nbsp;5.75% due 06/15/27<sup>1,5</sup> | 1400000 | 1398383 |
| Jefferies Finance LLC / JFIN Company-Issuer Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 08/15/28<sup>1,5</sup> | 7500000 | 7278445 |
| Hunt Companies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 04/15/29<sup>1,5</sup> | 7325000 | 7172015 |
| Accident Fund Insurance Company of America |  |  |
| &nbsp;&nbsp;&nbsp;8.50% due 08/01/32<sup>1,5</sup> | 7000000 | 6969927 |
| Allianz SE |  |  |
| &nbsp;&nbsp;&nbsp;6.55% <sup>5,8,9</sup> | 5400000 | 5503410 |
| &nbsp;&nbsp;&nbsp;3.50% <sup>5,8,9</sup> | 1400000 | 1387341 |
| Wilton RE Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;6.00% <sup>1,5,8,9</sup> | 6786000 | 6720618 |
| PennyMac Financial Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.88% due 02/15/33<sup>5</sup> | 2800000 | 2860911 |
| &nbsp;&nbsp;&nbsp;7.13% due 11/15/30<sup>5</sup> | 2650000 | 2744902 |
| &nbsp;&nbsp;&nbsp;7.88% due 12/15/29<sup>5</sup> | 850000 | 903459 |
| Jones Deslauriers Insurance Management, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;10.50% due 12/15/30<sup>5</sup> | 3650000 | 3871259 |
| &nbsp;&nbsp;&nbsp;8.50% due 03/15/30<sup>5</sup> | 2050000 | 2168273 |
| Corebridge Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.88% due 12/15/52<sup>1,9</sup> | 5840000 | 6039437 |
| Maple Grove Funding Trust I |  |  |
| &nbsp;&nbsp;&nbsp;4.16% due 08/15/51<sup>1,5</sup> | 8000000 | 5427243 |
| American National Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 12/01/55<sup>9</sup> | 5250000 | 5372010 |
| Fidelis Insurance Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;7.75% due 06/15/55<sup>9</sup> | 5000000 | 5278250 |
| Alliant Holdings Intermediate LLC / Alliant Holdings Company-Issuer |  |  |
| &nbsp;&nbsp;&nbsp;7.38% due 10/01/32<sup>5</sup> | 3550000 | 3657334 |
| &nbsp;&nbsp;&nbsp;4.25% due 10/15/27<sup>1,5</sup> | 725000 | 714703 |
| &nbsp;&nbsp;&nbsp;7.00% due 01/15/31<sup>5</sup> | 425000 | 439553 |
| &nbsp;&nbsp;&nbsp;6.75% due 04/15/28<sup>5</sup> | 350000 | 357033 |
| Focus Financial Partners LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.75% due 09/15/31<sup>1,5</sup> | 4950000 | 5115206 |
| Sherwood Financing plc |  |  |
| &nbsp;&nbsp;&nbsp;9.63% due 12/15/29<sup>5</sup> | GBP 2,000,000 | 2722599 |
| &nbsp;&nbsp;&nbsp;7.63% due 12/15/29<sup>5</sup> | EUR 1,700,000 | 1969946 |
| &nbsp;&nbsp;&nbsp;7.48% (3 Month EURIBOR + 5.50%, Rate Floor: 0.00%) due 12/15/29<sup>◊</sup> | EUR 300,000 | 351004 |
| Kennedy-Wilson, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 03/01/31 | 3750000 | 3500908 |
| &nbsp;&nbsp;&nbsp;4.75% due 02/01/30 | 1450000 | 1359201 |
| MidCap Funding XLVI Trust |  |  |
| &nbsp;&nbsp;&nbsp;6.85% (1 Month Term SOFR + 2.50%, Rate Floor: 0.00%) due 04/15/28<sup>◊,†††</sup> | 4850000 | 4850000 |
| Cushman & Wakefield US Borrower LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.75% due 05/15/28<sup>1,5</sup> | 4800000 | 4847309 |
| Liberty Mutual Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.30% due 02/01/61<sup>1,5</sup> | 7300000 | 4594493 |
| AmFam Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.83% due 03/11/51<sup>1,5</sup> | 7200000 | 4542470 |
| National Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp;10.50% due 09/15/39<sup>5</sup> | 3400000 | 4539714 |
| LPL Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 03/15/29<sup>1,5</sup> | 4172000 | 4077650 |
| &nbsp;&nbsp;&nbsp;4.38% due 05/15/31<sup>5</sup> | 476000 | 459012 |
| Global Atlantic Finance Co. |  |  |
| &nbsp;&nbsp;&nbsp;4.70% due 10/15/51<sup>1,5,9</sup> | 2900000 | 2853209 |
| &nbsp;&nbsp;&nbsp;3.13% due 06/15/31<sup>1,5</sup> | 1750000 | 1580334 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 37.2% (continued)** | **CORPORATE BONDS<sup>††</sup> - 37.2% (continued)** | **CORPORATE BONDS<sup>††</sup> - 37.2% (continued)** |
| **Financial - 11.7% (continued)** |  |  |
| Rocket Mortgage LLC / Rocket Mortgage Company-Issuer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 10/15/33<sup>1,5</sup> | 4031000 | $3634289 |
| &nbsp;&nbsp;&nbsp;3.88% due 03/01/31<sup>1,5</sup> | 825000 | 770937 |
| Equitable Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.70% due 03/28/55<sup>9</sup> | 4050000 | 4134228 |
| OneMain Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 09/15/30<sup>1</sup> | 2200000 | 2033616 |
| &nbsp;&nbsp;&nbsp;7.88% due 03/15/30 | 750000 | 793486 |
| &nbsp;&nbsp;&nbsp;3.88% due 09/15/28 | 800000 | 766879 |
| &nbsp;&nbsp;&nbsp;7.13% due 03/15/26 | 384000 | 388231 |
| GLP Capital Limited Partnership / GLP Financing II, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.25% due 01/15/32<sup>1</sup> | 3250000 | 2900571 |
| &nbsp;&nbsp;&nbsp;5.30% due 01/15/29 | 1050000 | 1069041 |
| Kane Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;8.25% due 06/30/31<sup>5</sup> | GBP 2,750,000 | 3803089 |
| NatWest Group plc |  |  |
| &nbsp;&nbsp;&nbsp;7.47% due 11/10/26<sup>9</sup> | 3500000 | 3518684 |
| Hampton Roads PPV LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.62% due 06/15/53<sup>†††,5</sup> | 4390000 | 3504361 |
| Host Hotels & Resorts, LP |  |  |
| &nbsp;&nbsp;&nbsp;3.50% due 09/15/30 | 3610000 | 3394381 |
| Belrose Funding Trust II |  |  |
| &nbsp;&nbsp;&nbsp;6.79% due 05/15/55<sup>1,5</sup> | 3150000 | 3264716 |
| Americo Life, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.45% due 04/15/31<sup>1,5</sup> | 3511000 | 3170513 |
| Toronto-Dominion Bank |  |  |
| &nbsp;&nbsp;&nbsp;8.13% due 10/31/82<sup>9</sup> | 2850000 | 3001452 |
| Ares Finance Company IV LLC |  |  |
| &nbsp;&nbsp;&nbsp;3.65% due 02/01/52<sup>1,5</sup> | 4100000 | 2827723 |
| Galaxy Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;8.13% due 12/19/29<sup>5</sup> | GBP 1,800,000 | 2526580 |
| BBC Military Housing-Navy Northeast LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.30% due 10/15/49<sup>5</sup> | 2700000 | 2520796 |
| Walker & Dunlop, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.63% due 04/01/33<sup>5</sup> | 2300000 | 2392943 |
| Nassau Companies of New York |  |  |
| &nbsp;&nbsp;&nbsp;7.88% due 07/15/30<sup>5</sup> | 2350000 | 2385337 |
| Enstar Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;7.50% due 04/01/45<sup>5,9</sup> | 2200000 | 2292770 |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;8.63% due 10/27/82<sup>9</sup> | 2150000 | 2277099 |
| Nationstar Mortgage Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 02/01/26<sup>5</sup> | 2180000 | 2175112 |
| Farmers Insurance Exchange |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 10/15/64<sup>5,9</sup> | 1920000 | 1951738 |
| VFH Parent LLC / Valor Company-Issuer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.50% due 06/15/31<sup>5</sup> | 1800000 | 1889402 |
| Reinsurance Group of America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.15% due 06/15/30<sup>1</sup> | 1000000 | 947023 |
| &nbsp;&nbsp;&nbsp;6.65% due 09/15/55<sup>9</sup> | 800000 | 814888 |
| First American Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 05/15/30 | 1740000 | 1670027 |
| Nippon Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 04/30/55<sup>1,5,9</sup> | 1550000 | 1652833 |
| OneAmerica Financial Partners, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 10/15/50<sup>1,5</sup> | 1730000 | 1319877 |
| Ardonagh Finco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;7.75% due 02/15/31<sup>5</sup> | 850000 | 889493 |
| &nbsp;&nbsp;&nbsp;6.88% due 02/15/31 | EUR 350,000 | 426344 |
| Weyerhaeuser Co. |  |  |
| &nbsp;&nbsp;&nbsp;6.88% due 12/15/33<sup>1</sup> | 1100000 | 1223100 |
| Fortitude Group Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.25% due 04/01/30<sup>5</sup> | 1150000 | 1194895 |
| Ryan Specialty LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 02/01/30<sup>5</sup> | 1100000 | 1063153 |
| USI, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.50% due 01/15/32<sup>5</sup> | 970000 | 1027756 |
| Pershing Square Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;3.25% due 10/01/31<sup>5</sup> | 1100000 | 978443 |
| PartnerRe Finance B LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 10/01/50<sup>1,9</sup> | 950000 | 889553 |
| Prudential Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.13% due 03/01/52<sup>9</sup> | 700000 | 685948 |
| Rfna, LP |  |  |
| &nbsp;&nbsp;&nbsp;7.88% due 02/15/30<sup>5</sup> | 650000 | 672717 |
| Fort Moore Family Communities LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.09% due 01/15/51<sup>5</sup> | 669591 | 574523 |
| Pacific Beacon LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.63% due 07/15/51<sup>5</sup> | 643216 | 573084 |
| Starwood Property Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 07/01/30<sup>5</sup> | 505000 | 524131 |
| Osaic Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.75% due 08/01/32<sup>5</sup> | 500000 | 509453 |
| Assurant, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 03/27/48<sup>9</sup> | 400000 | 409308 |
| Macquarie Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;3.62% due 06/03/30<sup>5</sup> | 375000 | 357377 |
| Fort Eisenhower Housing LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.32% due 05/15/51<sup>5</sup> | 200000 | 182822 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 37.2% (continued)** | **CORPORATE BONDS<sup>††</sup> - 37.2% (continued)** | **CORPORATE BONDS<sup>††</sup> - 37.2% (continued)** |
| **Financial - 11.7% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Atlas Mara Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;due 12/31/21<sup>†††,2,10</sup> | 180783 | $– |
| **Total Financial** |  | 250179857 |
| **Consumer, Cyclical - 4.8%** |  |  |
| Suburban Propane Partners Limited Partnership/Suburban Energy Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.88% due 03/01/27 | 3210000 | 3193628 |
| &nbsp;&nbsp;&nbsp;5.00% due 06/01/31<sup>5</sup> | 1800000 | 1703080 |
| Penn Entertainment, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 07/01/29<sup>1,5</sup> | 4925000 | 4590042 |
| AccorInvest Group S.A. |  |  |
| &nbsp;&nbsp;&nbsp;5.63% due 05/15/32<sup>5</sup> | EUR 2,550,000 | 3041036 |
| &nbsp;&nbsp;&nbsp;6.38% due 10/15/29<sup>5</sup> | EUR 600,000 | 741895 |
| &nbsp;&nbsp;&nbsp;5.79% (3 Month EURIBOR + 3.75%, Rate Floor: 0.00%) due 05/15/32<sup>◊,5</sup> | EUR 600,000 | 705094 |
| Crocs, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 03/15/29<sup>5</sup> | 3238000 | 3079140 |
| &nbsp;&nbsp;&nbsp;4.13% due 08/15/31<sup>5</sup> | 1525000 | 1368957 |
| Wabash National Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 10/15/28<sup>5</sup> | 4800000 | 4405337 |
| Wolverine World Wide, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 08/15/29<sup>5</sup> | 4450000 | 4092329 |
| TVL Finance plc |  |  |
| &nbsp;&nbsp;&nbsp;5.73% (3 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 06/30/30<sup>◊</sup> | EUR 3,500,000 | 3985490 |
| Station Casinos LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 12/01/31<sup>1,5</sup> | 4200000 | 3974350 |
| Delta Air Lines, Inc. / SkyMiles IP Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 10/20/28<sup>1,5</sup> | 3950000 | 3972323 |
| Fertitta Entertainment LLC / Fertitta Entertainment Finance Company, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 01/15/29<sup>5</sup> | 4100000 | 3919397 |
| Evergreen Acqco 1 Limited Partnership / TVI, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.75% due 04/26/28<sup>1,5</sup> | 3660000 | 3812992 |
| Allwyn Entertainment Financing UK plc |  |  |
| &nbsp;&nbsp;&nbsp;7.88% due 04/30/29<sup>1,5</sup> | 3353000 | 3487120 |
| Live Nation Entertainment, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 05/15/27<sup>1,5</sup> | 3350000 | 3385138 |
| QuickTop HoldCo AB |  |  |
| &nbsp;&nbsp;&nbsp;6.54% (3 Month EURIBOR + 4.50%, Rate Floor: 0.00%) due 03/31/30<sup>◊</sup> | EUR 2,800,000 | 3370003 |
| JB Poindexter & Company, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.75% due 12/15/31<sup>5</sup> | 3020000 | 3119030 |
| Air Canada |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 08/15/29<sup>1,5</sup> | CAD 2,900,000 | 2091118 |
| &nbsp;&nbsp;&nbsp;3.88% due 08/15/26<sup>5</sup> | 825000 | 815030 |
| Clarios Global Limited Partnership / Clarios US Finance Co. |  |  |
| &nbsp;&nbsp;&nbsp;8.50% due 05/15/27<sup>5</sup> | 2650000 | 2661149 |
| Scotts Miracle-Gro Co. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 04/01/31 | 2150000 | 1978123 |
| &nbsp;&nbsp;&nbsp;4.38% due 02/01/32 | 700000 | 646099 |
| Air Canada Class A Pass Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 04/01/29<sup>1,5</sup> | 2548974 | 2588234 |
| United Airlines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 04/15/29<sup>1,5</sup> | 2575000 | 2534041 |
| Deuce FinCo plc |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 06/15/27 | GBP 1,600,000 | 2158751 |
| Superior Plus Limited Partnership / Superior General Partner, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 03/15/29<sup>5</sup> | 2000000 | 1921658 |
| Yum! Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 01/31/32<sup>1</sup> | 1987000 | 1920686 |
| Whirlpool Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.70% due 05/14/32 | 1200000 | 1114677 |
| &nbsp;&nbsp;&nbsp;4.50% due 06/01/46 | 550000 | 414210 |
| &nbsp;&nbsp;&nbsp;4.60% due 05/15/50 | 500000 | 371904 |
| RB Global Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.75% due 03/15/31<sup>5</sup> | 1750000 | 1836439 |
| ONE Hotels GmbH |  |  |
| &nbsp;&nbsp;&nbsp;7.75% due 04/02/31<sup>5</sup> | EUR 1,300,000 | 1646809 |
| HP Communities LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.82% due 09/15/53<sup>5</sup> | 902174 | 859670 |
| &nbsp;&nbsp;&nbsp;6.16% due 09/15/53<sup>5</sup> | 1000000 | 765009 |
| Hanesbrands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.00% due 02/15/31<sup>5</sup> | 1500000 | 1594648 |
| Wyndham Hotels & Resorts, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 08/15/28<sup>5</sup> | 1625000 | 1586508 |
| 1011778 BC ULC / New Red Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 01/15/28<sup>5</sup> | 850000 | 827364 |
| &nbsp;&nbsp;&nbsp;4.00% due 10/15/30<sup>5</sup> | 725000 | 677888 |
| QXO Building Products, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.75% due 04/30/32<sup>5</sup> | 1200000 | 1239366 |
| Hilton Domestic Operating Company, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.63% due 02/15/32<sup>5</sup> | 1350000 | 1232236 |
| Lindblad Expeditions LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 09/15/30<sup>5</sup> | 1200000 | 1228921 |
| Boyne USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 05/15/29<sup>5</sup> | 1250000 | 1227180 |
| Somnigroup International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 10/15/31<sup>5</sup> | 700000 | 640392 |
| &nbsp;&nbsp;&nbsp;4.00% due 04/15/29<sup>5</sup> | 500000 | 480611 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 37.2% (continued)** | **CORPORATE BONDS<sup>††</sup> - 37.2% (continued)** | **CORPORATE BONDS<sup>††</sup> - 37.2% (continued)** |
| **Consumer, Cyclical - 4.8% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Allison Transmission, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.75% due 01/30/31<sup>5</sup> | 1100000 | $1015228 |
| Ferrellgas Limited Partnership / Ferrellgas Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.38% due 04/01/26<sup>5</sup> | 975000 | 962023 |
| New Flyer Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.25% due 07/01/30<sup>5</sup> | 800000 | 858157 |
| Beach Acquisition Bidco, LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 07/15/32 | EUR 700,000 | 836754 |
| Scientific Games Holdings Limited Partnership/Scientific Games US FinCo, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.63% due 03/01/30<sup>5</sup> | 850000 | 815749 |
| Velocity Vehicle Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.00% due 06/01/29<sup>5</sup> | 370000 | 375008 |
| United Airlines Class AA Pass Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;3.45% due 12/01/27<sup>1</sup> | 359792 | 351091 |
| Superior Plus, LP |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 05/18/28<sup>1,5</sup> | CAD 350,000 | 250146 |
| Caesars Entertainment, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.00% due 10/15/32<sup>5</sup> | 225000 | 220602 |
| Aramark Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 02/01/28<sup>5</sup> | 110000 | 109192 |
| Exide Technologies |  |  |
| &nbsp;&nbsp;&nbsp;due 10/31/24<sup>†††,2,10</sup> | 2353687 | 3 |
| **Total Consumer, Cyclical** |  | 102799055 |
| **Communications - 4.7%** |  |  |
| Altice France S.A. |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 10/15/29<sup>5</sup> | 8175000 | 7010062 |
| &nbsp;&nbsp;&nbsp;5.13% due 07/15/29<sup>5</sup> | 3025000 | 2586375 |
| &nbsp;&nbsp;&nbsp;due 02/01/27<sup>5,10</sup> | 1300000 | 1203521 |
| McGraw-Hill Education, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.00% due 08/01/29<sup>5</sup> | 6300000 | 6427197 |
| &nbsp;&nbsp;&nbsp;5.75% due 08/01/28<sup>1,5</sup> | 3525000 | 3543347 |
| Cogent Communications Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 06/15/27<sup>1,5</sup> | 7500000 | 7472374 |
| Bell Telephone Company of Canada or Bell Canada |  |  |
| &nbsp;&nbsp;&nbsp;6.88% due 09/15/55<sup>9</sup> | 6550000 | 6689587 |
| British Telecommunications plc |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 11/23/81<sup>1,5,9</sup> | 5550000 | 5209646 |
| &nbsp;&nbsp;&nbsp;4.25% due 11/23/81<sup>1,5,9</sup> | 950000 | 938568 |
| VZ Secured Financing B.V. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 01/15/32<sup>1,5</sup> | 6850000 | 6082791 |
| Outfront Media Capital LLC / Outfront Media Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 01/15/29<sup>1,5</sup> | 5725000 | 5502237 |
| AMC Networks, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;10.50% due 07/15/32<sup>5</sup> | 4092000 | 4226177 |
| &nbsp;&nbsp;&nbsp;10.25% due 01/15/29<sup>5</sup> | 1100000 | 1144990 |
| &nbsp;&nbsp;&nbsp;4.25% due 02/15/29 | 81000 | 66674 |
| Paramount Global |  |  |
| &nbsp;&nbsp;&nbsp;4.95% due 05/19/50<sup>1</sup> | 6390000 | 4989560 |
| Rogers Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.13% due 04/15/55<sup>1,9</sup> | 3000000 | 3114230 |
| &nbsp;&nbsp;&nbsp;4.55% due 03/15/52 | 2200000 | 1771780 |
| TELUS Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 10/15/55<sup>9</sup> | 4500000 | 4617814 |
| Sunrise FinCo I B.V. |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 07/15/31<sup>5</sup> | 4550000 | 4347343 |
| CSC Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;11.25% due 05/15/28<sup>5</sup> | 2750000 | 2748394 |
| &nbsp;&nbsp;&nbsp;4.63% due 12/01/30<sup>5</sup> | 1913000 | 838119 |
| Corning, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 11/15/57<sup>1</sup> | 4100000 | 3270864 |
| Vodafone Group plc |  |  |
| &nbsp;&nbsp;&nbsp;5.13% due 06/04/81<sup>1,9</sup> | 4100000 | 3179392 |
| Sirius XM Radio LLC |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 09/01/31<sup>5</sup> | 2300000 | 2068459 |
| Ciena Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 01/31/30<sup>1,5</sup> | 2150000 | 2040941 |
| Vmed O2 UK Financing I plc |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 01/31/31<sup>5</sup> | 1225000 | 1130721 |
| &nbsp;&nbsp;&nbsp;4.75% due 07/15/31<sup>5</sup> | 650000 | 607761 |
| Level 3 Financing, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 10/15/30<sup>5</sup> | 1500000 | 1275000 |
| &nbsp;&nbsp;&nbsp;4.00% due 04/15/31<sup>5</sup> | 410000 | 343375 |
| Virgin Media Secured Finance plc |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 08/15/30<sup>5</sup> | 1200000 | 1126552 |
| Zayo Group Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 03/01/27<sup>5</sup> | 1050000 | 1015721 |
| Charter Communications Operating LLC / Charter Communications Operating Capital |  |  |
| &nbsp;&nbsp;&nbsp;3.90% due 06/01/52 | 1282000 | 849560 |
| Match Group Holdings II LLC |  |  |
| &nbsp;&nbsp;&nbsp;3.63% due 10/01/31<sup>5</sup> | 875000 | 789779 |
| Ziggo B.V. |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 01/15/30<sup>5</sup> | 725000 | 680384 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 37.2% (continued)** | **CORPORATE BONDS<sup>††</sup> - 37.2% (continued)** | **CORPORATE BONDS<sup>††</sup> - 37.2% (continued)** |
| **Communications - 4.7% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Time Warner Cable LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 09/15/42 | 620000.0 | $491703 |

---

---

| | | |
|:---|:---|:---|
| CCO Holdings LLC / CCO Holdings Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 06/01/33<sup>1,5</sup> | 538000 | 479875 |
| Ziggo Bond Company B.V. |  |  |
| &nbsp;&nbsp;&nbsp;5.13% due 02/28/30<sup>5</sup> | 500000 | 441321 |
| Castor S.p.A. |  |  |
| &nbsp;&nbsp;&nbsp;7.23% (3 Month EURIBOR + 5.25%, Rate Floor: 5.25%) due 02/15/29<sup>◊</sup> | EUR 200,000 | 218621 |
| **Total Communications** |  | 100540815 |
| **Industrial - 4.6%** |  |  |
| AP Grange Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 03/20/45<sup>†††</sup> | 11000000 | 11316250 |
| &nbsp;&nbsp;&nbsp;5.00% due 03/20/45<sup>†††</sup> | 1200000 | 1212000 |
| New Enterprise Stone & Lime Company, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.75% due 07/15/28<sup>5</sup> | 7717000 | 7738839 |
| &nbsp;&nbsp;&nbsp;5.25% due 07/15/28<sup>5</sup> | 1309000 | 1293911 |
| Standard Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 07/15/30<sup>1,5</sup> | 7050000 | 6755875 |
| &nbsp;&nbsp;&nbsp;3.38% due 01/15/31<sup>5</sup> | 1100000 | 998283 |
| Terminal Investment Limited Holding |  |  |
| &nbsp;&nbsp;&nbsp;6.23% due 10/01/40<sup>†††</sup> | 5000000 | 4952850 |
| Brundage-Bone Concrete Pumping Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.50% due 02/01/32<sup>5</sup> | 4650000 | 4639556 |
| Homestead Spe Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.21% due 04/01/55<sup>†††</sup> | 4500000 | 4560390 |
| Great Lakes Dredge & Dock Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 06/01/29<sup>1,5</sup> | 4500000 | 4325349 |
| Builders FirstSource, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 06/15/32<sup>5</sup> | 2500000 | 2578040 |
| &nbsp;&nbsp;&nbsp;4.25% due 02/01/32<sup>5</sup> | 1675000 | 1574366 |
| Calderys Financing LLC |  |  |
| &nbsp;&nbsp;&nbsp;11.25% due 06/01/28<sup>1,5</sup> | 3737000 | 3955073 |
| Enviri Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.75% due 07/31/27<sup>5</sup> | 3824000 | 3781011 |
| AmeriTex HoldCo Intermediate LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.63% due 08/15/33<sup>5</sup> | 3600000 | 3714526 |
| Boots Group Finco L.P. |  |  |
| &nbsp;&nbsp;&nbsp;5.38% due 08/31/32 | EUR 2,200,000 | 2641512 |
| &nbsp;&nbsp;&nbsp;7.38% due 08/31/32 | GBP 500,000 | 689647 |
| Lottomatica Group SpA |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 01/31/31 | EUR 2,550,000 | 3054076 |
| Mauser Packaging Solutions Holding Co. |  |  |
| &nbsp;&nbsp;&nbsp;7.88% due 04/15/27<sup>5</sup> | 1875000 | 1897318 |
| &nbsp;&nbsp;&nbsp;9.25% due 04/15/27<sup>5</sup> | 1000000 | 995416 |
| Quikrete Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.75% due 03/01/33<sup>5</sup> | 2425000 | 2513590 |
| Clearwater Paper Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 08/15/28<sup>5</sup> | 2547000 | 2410812 |
| GrafTech Global Enterprises, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.88% due 12/23/29<sup>5</sup> | 2600000 | 2210000 |
| SCIL IV LLC / SCIL USA Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.50% due 07/15/28 | EUR 1,800,000 | 2207942 |
| Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance plc |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 09/01/29<sup>5</sup> | 2300000 | 2110558 |
| Howmet Aerospace, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.00% due 01/15/29<sup>1</sup> | 1175000 | 1130202 |
| &nbsp;&nbsp;&nbsp;5.95% due 02/01/37<sup>1</sup> | 875000 | 930699 |
| GrafTech Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 12/23/29<sup>5</sup> | 2860000 | 2030600 |
| Deuce FinCo plc |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 06/15/27<sup>5</sup> | GBP 1,200,000 | 1619064 |
| &nbsp;&nbsp;&nbsp;6.73% (3 Month EURIBOR + 4.75%, Rate Floor: 4.75%) due 06/15/27<sup>◊</sup> | EUR 100,000 | 117963 |
| TK Elevator US Newco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 07/15/27<sup>5</sup> | 1550000 | 1545602 |
| Amsted Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 05/15/30<sup>5</sup> | 950000 | 914735 |
| &nbsp;&nbsp;&nbsp;6.38% due 03/15/33<sup>5</sup> | 500000 | 512142 |
| Cellnex Finance Company S.A. |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 07/07/41<sup>5</sup> | 1750000 | 1367189 |
| Waste Pro USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 02/01/33<sup>5</sup> | 1200000 | 1254757 |
| Worldpay US, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.50% due 01/15/31 | GBP 750,000 | 1092200 |
| AP Grange Holdings LLC Deferral |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 03/20/45<sup>†††</sup> | 601025 | 601025 |
| GATX Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 06/30/30<sup>1</sup> | 560000 | 550321 |
| Emerald Debt Merger Sub LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 12/15/30 | EUR 450,000 | 549355 |
| TopBuild Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 02/15/32<sup>5</sup> | 400000 | 372802 |
| Clarios Global LP |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 06/15/31 | EUR 300,000 | 355672 |
| Arcosa, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 04/15/29<sup>5</sup> | 350000 | 339832 |
| Hillenbrand, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.75% due 03/01/31<sup>1</sup> | 250000 | 229857 |
| MIWD Holdco II LLC / MIWD Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 02/01/30<sup>5</sup> | 125000 | 122880 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 37.2% (continued)** | **CORPORATE BONDS<sup>††</sup> - 37.2% (continued)** | **CORPORATE BONDS<sup>††</sup> - 37.2% (continued)** |
| **Industrial - 4.6% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Vertical Midco GmbH |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 07/15/27 | EUR 100,000 | $117078 |
| **Total Industrial** |  | 99881165 |
| **Consumer, Non-cyclical - 4.6%** |  |  |
| Bausch Health Companies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 06/01/28<sup>5</sup> | 8025000 | 7242562 |
| BCP V Modular Services Finance II plc |  |  |
| &nbsp;&nbsp;&nbsp;6.13% due 10/30/28<sup>5</sup> | GBP 4,250,000 | 5376282 |
| &nbsp;&nbsp;&nbsp;4.75% due 10/30/28<sup>5</sup> | EUR 1,550,000 | 1703807 |
| Medline Borrower, LP |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 10/01/29<sup>1,5</sup> | 5200000 | 5149445 |
| &nbsp;&nbsp;&nbsp;3.88% due 04/01/29<sup>5</sup> | 2000000 | 1920494 |
| Acadia Healthcare Company, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 04/15/29<sup>5</sup> | 2400000 | 2345781 |
| &nbsp;&nbsp;&nbsp;7.38% due 03/15/33<sup>5</sup> | 2250000 | 2343114 |
| &nbsp;&nbsp;&nbsp;5.50% due 07/01/28<sup>5</sup> | 550000 | 547227 |
| Reynolds American, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.70% due 08/15/35<sup>1</sup> | 4150000 | 4271054 |
| CPI CG, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;10.00% due 07/15/29<sup>5</sup> | 3998000 | 4184906 |
| Altria Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.70% due 02/04/51<sup>1</sup> | 6000000 | 4153967 |
| Post Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 09/15/31<sup>5</sup> | 3925000 | 3661349 |
| JBS USA Holding Lux SARL/ JBS USA Food Company/ JBS Lux Co SARL |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 02/02/52<sup>1</sup> | 4800000 | 3657932 |
| Upbound Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 02/15/29<sup>5</sup> | 3625000 | 3552870 |
| Sotheby's |  |  |
| &nbsp;&nbsp;&nbsp;7.38% due 10/15/27<sup>5</sup> | 3399000 | 3361587 |
| Cheplapharm Arzneimittel GmbH |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 01/15/28<sup>5</sup> | 3063000 | 2975875 |
| DaVita, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 06/01/30<sup>5</sup> | 1900000 | 1829176 |
| &nbsp;&nbsp;&nbsp;3.75% due 02/15/31<sup>5</sup> | 1200000 | 1095004 |
| AZ Battery Property LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.73% due 02/20/46<sup>†††</sup> | 3000000 | 2864220 |
| Neogen Food Safety Corp. |  |  |
| &nbsp;&nbsp;&nbsp;8.63% due 07/20/30<sup>5</sup> | 2450000 | 2566235 |
| Sotheby's/Bidfair Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.88% due 06/01/29<sup>5</sup> | 2700000 | 2458561 |
| US Foods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 06/01/30<sup>1,5</sup> | 2500000 | 2438133 |
| Verisure Holding AB |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 05/15/30<sup>5</sup> | EUR 1,950,000 | 2369019 |
| Option Care Health, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 10/31/29<sup>5</sup> | 2275000 | 2193765 |
| Albion Financing 1 SARL |  |  |
| &nbsp;&nbsp;&nbsp;5.38% due 05/21/30<sup>5</sup> | EUR 1,700,000 | 2055928 |
| Nobel Bidco B.V. |  |  |
| &nbsp;&nbsp;&nbsp;3.13% due 06/15/28 | EUR 1,750,000 | 1983284 |
| ADT Security Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 08/01/29<sup>5</sup> | 1050000 | 1014990 |
| &nbsp;&nbsp;&nbsp;4.88% due 07/15/32<sup>5</sup> | 1000000 | 962258 |
| CVS Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 03/10/55<sup>9</sup> | 1850000 | 1926050 |
| Albion Financing 1 SARL / Aggreko Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 05/21/30<sup>5</sup> | 1550000 | 1599450 |
| APi Group DE, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 10/15/29<sup>5</sup> | 1225000 | 1204121 |
| &nbsp;&nbsp;&nbsp;4.13% due 07/15/29<sup>5</sup> | 400000 | 383959 |
| HealthEquity, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 10/01/29<sup>5</sup> | 1550000 | 1498367 |
| Herc Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 06/15/30<sup>5</sup> | 820000 | 853418 |
| &nbsp;&nbsp;&nbsp;7.25% due 06/15/33<sup>5</sup> | 580000 | 608412 |
| Royalty Pharma plc |  |  |
| &nbsp;&nbsp;&nbsp;3.55% due 09/02/50 | 2100000 | 1419936 |
| Sammontana Italia SpA |  |  |
| &nbsp;&nbsp;&nbsp;5.78% (3 Month EURIBOR + 3.75%, Rate Floor: 0.00%) due 10/15/31<sup>◊</sup> | EUR 1,200,000 | 1399752 |
| Grifols S.A. |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 10/15/28<sup>1,5</sup> | 1350000 | 1308174 |
| Perrigo Finance Unlimited Co. |  |  |
| &nbsp;&nbsp;&nbsp;5.38% due 09/30/32 | EUR 900,000 | 1088368 |
| TreeHouse Foods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 09/01/28 | 1150000 | 1068222 |
| Central Garden & Pet Co. |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 10/15/30 | 625000 | 591152 |
| &nbsp;&nbsp;&nbsp;4.13% due 04/30/31<sup>5</sup> | 400000 | 372749 |
| Carriage Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 05/15/29<sup>5</sup> | 975000 | 919573 |
| Avantor Funding, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 11/01/29<sup>5</sup> | 925000 | 878889 |
| AMN Healthcare, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 10/01/27<sup>5</sup> | 725000 | 713292 |
| Valvoline, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.63% due 06/15/31<sup>5</sup> | 760000 | 693226 |
| Prestige Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.75% due 04/01/31<sup>5</sup> | 300000 | 276468 |
| Darling Ingredients, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.00% due 06/15/30<sup>5</sup> | 250000 | 252711 |
| Albion Financing 1 SARL/Aggreko Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.38% due 05/21/30 | EUR 100,000 | 120937 |
| Albertsons Companies Incorporated / Safeway Inc / New Albertsons Limited Partnership / Albertsons LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.88% due 02/15/28<sup>5</sup> | 100000 | 99969 |
| **Total Consumer, Non-cyclical** |  | 99556020 |
| **Energy - 2.8%** |  |  |
| ITT Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 08/01/29<sup>1,5</sup> | 8050000 | 7891404 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 37.2% (continued)** | **CORPORATE BONDS<sup>††</sup> - 37.2% (continued)** | **CORPORATE BONDS<sup>††</sup> - 37.2% (continued)** |
| **Energy - 2.8% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Venture Global LNG, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.88% due 02/01/32<sup>1,5</sup> | 6000000 | $6533274 |
| Occidental Petroleum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.20% due 03/15/40 | 2100000 | 2074064 |
| &nbsp;&nbsp;&nbsp;7.00% due 11/15/27 | 2000000 | 2047772 |
| &nbsp;&nbsp;&nbsp;4.30% due 08/15/39 | 2100000 | 1707279 |
| &nbsp;&nbsp;&nbsp;4.63% due 06/15/45 | 750000 | 573680 |
| BP Capital Markets plc |  |  |
| &nbsp;&nbsp;&nbsp;4.88% <sup>8,9</sup> | 6083000 | 6030021 |
| CVR Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.50% due 01/15/29<sup>1,5</sup> | 3500000 | 3537706 |
| &nbsp;&nbsp;&nbsp;5.75% due 02/15/28<sup>5</sup> | 2100000 | 2046365 |
| Energy Transfer, LP |  |  |
| &nbsp;&nbsp;&nbsp;7.38% due 02/01/31<sup>1,5</sup> | 3800000 | 3975091 |
| Parkland Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 05/01/30<sup>5</sup> | 2700000 | 2613450 |
| &nbsp;&nbsp;&nbsp;4.50% due 10/01/29<sup>5</sup> | 1300000 | 1262466 |
| Global Partners Limited Partnership / GLP Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.88% due 01/15/29 | 2980000 | 3019950 |
| &nbsp;&nbsp;&nbsp;7.13% due 07/01/33<sup>5</sup> | 500000 | 511748 |
| Buckeye Partners, LP |  |  |
| &nbsp;&nbsp;&nbsp;5.85% due 11/15/43 | 3750000 | 3359214 |
| ONEOK, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 09/01/30<sup>1,5</sup> | 2600000 | 2798039 |
| Hess Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.60% due 02/15/41 | 1550000 | 1572319 |
| &nbsp;&nbsp;&nbsp;6.00% due 01/15/40 | 1000000 | 1070792 |
| NuStar Logistics, LP |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 10/01/30 | 1916000 | 1983811 |
| &nbsp;&nbsp;&nbsp;5.63% due 04/28/27 | 200000 | 201069 |
| &nbsp;&nbsp;&nbsp;6.00% due 06/01/26 | 125000 | 125430 |
| TransMontaigne Partners LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.50% due 06/15/30<sup>5</sup> | 1600000 | 1682970 |
| Expand Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.38% due 02/01/29<sup>1</sup> | 1400000 | 1402639 |
| Venture Global Calcasieu Pass LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 08/15/31<sup>5</sup> | 775000 | 727646 |
| Vnom Sub, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.38% due 11/01/27<sup>5</sup> | 277000 | 276818 |
| FLNG Liquefaction 2 LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 03/31/38<sup>1,5</sup> | 215078 | 198658 |
| **Total Energy** |  | 59223675 |
| **Basic Materials - 1.7%** |  |  |
| Carpenter Technology Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 07/15/28<sup>1</sup> | 5225000 | 5240550 |
| &nbsp;&nbsp;&nbsp;7.63% due 03/15/30 | 2500000 | 2574110 |
| SCIL IV LLC / SCIL USA Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.38% due 11/01/26<sup>1,5</sup> | 6075000 | 6033983 |
| SK Invictus Intermediate II SARL |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 10/30/29<sup>1,5</sup> | 5250000 | 5144291 |
| Kaiser Aluminum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 06/01/31<sup>1,5</sup> | 4860000 | 4559212 |
| Alumina Pty Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 09/15/32<sup>5</sup> | 2850000 | 2906444 |
| WR Grace Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 06/15/27<sup>5</sup> | 1535000 | 1522649 |
| &nbsp;&nbsp;&nbsp;7.38% due 03/01/31<sup>5</sup> | 500000 | 508929 |
| &nbsp;&nbsp;&nbsp;6.63% due 08/15/32<sup>5</sup> | 200000 | 199440 |
| Compass Minerals International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.00% due 07/01/30<sup>5</sup> | 910000 | 951847 |
| &nbsp;&nbsp;&nbsp;6.75% due 12/01/27<sup>5</sup> | 766000 | 765453 |
| Arsenal AIC Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.00% due 10/01/30<sup>5</sup> | 1550000 | 1641738 |
| Illuminate Buyer LLC / Illuminate Holdings IV, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.00% due 07/01/28<sup>5</sup> | 1625000 | 1625574 |
| Minerals Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 07/01/28<sup>5</sup> | 1350000 | 1329750 |
| International Flavors & Fragrances, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;1.23% due 10/01/25<sup>1,5</sup> | 1258000 | 1254273 |
| HB Fuller Co. |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 10/15/28 | 1150000 | 1116890 |
| Mirabela Nickel Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;due 06/24/19<sup>†††,2,10</sup> | 2667995 | 6670 |
| **Total Basic Materials** |  | 37381803 |
| **Technology - 1.5%** |  |  |
| Cloud Software Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 03/31/29<sup>1,5</sup> | 5630000 | 5691913 |
| Foundry JV Holdco LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.20% due 01/25/37<sup>1,5</sup> | 4750000 | 4994714 |
| TeamSystem SpA |  |  |
| &nbsp;&nbsp;&nbsp;5.53% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 07/31/31<sup>◊,5</sup> | EUR 2,500,000 | 2930472 |
| &nbsp;&nbsp;&nbsp;3.50% due 02/15/28 | EUR 1,700,000 | 1970645 |
| Capstone Borrower, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.00% due 06/15/30<sup>5</sup> | 3800000 | 3978873 |
| Castor S.p.A. |  |  |
| &nbsp;&nbsp;&nbsp;7.23% (3 Month EURIBOR + 5.25%, Rate Floor: 5.25%) due 02/15/29<sup>◊,5</sup> | EUR 2,300,000 | 2514136 |
| Dye & Durham Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;8.63% due 04/15/29<sup>5</sup> | 2400000 | 2508329 |
| Twilio, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 03/15/31<sup>1</sup> | 2000000 | 1868023 |
| Playtika Holding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 03/15/29<sup>1,5</sup> | 2025000 | 1863000 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 37.2% (continued)** | **CORPORATE BONDS<sup>††</sup> - 37.2% (continued)** | **CORPORATE BONDS<sup>††</sup> - 37.2% (continued)** |
| **Technology - 1.5% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Xerox Corp. |  |  |
| &nbsp;&nbsp;&nbsp;10.25% due 10/15/30<sup>5</sup> | 1645000 | $1706990 |
| Gartner, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 07/01/28<sup>1,5</sup> | 1700000 | 1679941 |
| Oracle Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.95% due 03/25/51<sup>1</sup> | 2100000 | 1515212 |
| **Total Technology** |  | 33222248 |
| **Utilities - 0.8%** |  |  |
| PacifiCorp |  |  |
| &nbsp;&nbsp;&nbsp;7.38% due 09/15/55<sup>9</sup> | 5000000 | 5188304 |
| ContourGlobal Power Holdings S.A. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 02/28/30<sup>5</sup> | EUR 2,950,000 | 3531422 |
| Alexander Funding Trust II |  |  |
| &nbsp;&nbsp;&nbsp;7.47% due 07/31/28<sup>5</sup> | 1950000 | 2088075 |
| Terraform Global Operating, LP |  |  |
| &nbsp;&nbsp;&nbsp;6.13% due 03/01/26<sup>5</sup> | 2035000 | 2023870 |
| Clearway Energy Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp;3.75% due 02/15/31<sup>1,5</sup> | 1663000 | 1529638 |
| &nbsp;&nbsp;&nbsp;3.75% due 01/15/32<sup>5</sup> | 525000 | 472617 |
| NextEra Energy Capital Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 08/15/55<sup>9</sup> | 1576000 | 1624668 |
| CMS Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 06/01/55<sup>9</sup> | 1570000 | 1601468 |
| **Total Utilities** |  | 18060062 |
| **Total Corporate Bonds** | **Total Corporate Bonds** |  |
| &nbsp;&nbsp;&nbsp;(Cost $820,866,013) | &nbsp;&nbsp;&nbsp;(Cost $820,866,013) | 800844700 |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6%** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6%** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6%** |
| **Consumer, Cyclical - 8.9%** |  |  |
| Pacific Bells LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.56% (3 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 11/13/28 | 7768457 | 7778168 |
| FR Refuel LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.18% (1 Month Term SOFR + 4.75%, Rate Floor: 5.50%) due 11/08/28 | 7696667 | 7619700 |
| MB2 Dental Solutions LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.82% (1 Month Term SOFR + 5.50%, Rate Floor: 6.25%) due 02/13/31<sup>†††</sup> | 7306735 | 7268531 |
| PetSmart LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.36% (1 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 08/09/32 | 3400000 | 3363892 |
| &nbsp;&nbsp;&nbsp;8.21% (3 Month Term SOFR + 3.75%, Rate Floor: 4.50%) due 02/11/28 | 2736000 | 2725740 |
| Applegreen Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;7.03% (3 Month EURIBOR + 5.00%, Rate Floor: 5.00%) due 01/23/32 | EUR 4,800,000 | 5669807 |
| PHM Group Holding OY |  |  |
| &nbsp;&nbsp;&nbsp;5.46% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 04/22/32 | EUR 4,600,000 | 5373609 |
| Allwyn Entertainment Financing US LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.87% (1 Month EURIBOR + 3.00%, Rate Floor: 3.00%) due 03/19/32 | EUR 4,350,000 | 5091337 |
| Alexander Mann |  |  |
| &nbsp;&nbsp;&nbsp;10.46% (1 Month Term SOFR + 6.00%, Rate Floor: 6.00%) due 06/29/27 | 5277990 | 5014090 |
| B&B Hotels |  |  |
| &nbsp;&nbsp;&nbsp;5.62% (1 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 03/21/31 | EUR 4,150,000 | 4863614 |
| Normec 1 B.V. |  |  |
| &nbsp;&nbsp;&nbsp;5.41% (1 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 04/16/31 | EUR 4,125,000 | 4850386 |
| QSRP Finco B.V. |  |  |
| &nbsp;&nbsp;&nbsp;6.07% (6 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 06/19/31 | EUR 4,100,000 | 4815090 |
| Accuride Corp. |  |  |
| &nbsp;&nbsp;&nbsp;8.81% (3 Month Term SOFR + 1.50%, Rate Floor: 1.50%) (in-kind rate was 3.00%) due 03/07/30<sup>†††,4,11</sup> | 2237825 | 4205823 |
| Shaw Development LLC |  |  |
| &nbsp;&nbsp;&nbsp;10.31% (3 Month Term SOFR + 6.00%, Rate Floor: 6.00%) due 10/30/29<sup>†††</sup> | 4412234 | 4144988 |
| ATG Entertainment |  |  |
| &nbsp;&nbsp;&nbsp;8.97% (3 Month GBP SONIA + 4.75%, Rate Floor: 4.75%) due 04/19/32 | GBP 3,000,000 | 4071510 |
| Zephyr Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;9.47% (1 Month GBP SONIA + 5.50%, Rate Floor: 5.50%) due 07/20/28 | GBP 3,000,000 | 4058170 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** |
| **Consumer, Cyclical - 8.9% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Citrin Cooperman Advisors LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.30% (3 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 04/01/32 | 3851515 | $3845507 |
| Tortuga Resorts GHD LLC |  |  |
| &nbsp;&nbsp;&nbsp;3.25% due 08/13/32 | 3825000 | 3825000 |
| Tipico |  |  |
| &nbsp;&nbsp;&nbsp;5.37% (6 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 05/22/28 | EUR 1,650,000 | 1931158 |
| &nbsp;&nbsp;&nbsp;3.25% due 05/18/28 | EUR 1,600,000 | 1872788 |
| Betclic Everest Group SAS |  |  |
| &nbsp;&nbsp;&nbsp;5.00% (3 Month EURIBOR + 3.00%, Rate Floor: 3.00%) due 12/09/31 | EUR 3,150,000 | 3701388 |
| One Hotels GmbH |  |  |
| &nbsp;&nbsp;&nbsp;6.19% (3 Month EURIBOR + 4.25%, Rate Floor: 4.25%) due 06/04/32 | EUR 3,000,000 | 3535065 |
| First Brands Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.57% (3 Month Term SOFR + 5.00%, Rate Floor: 6.00%) due 03/30/27 | 3718616 | 3530845 |
| Socotec Holding |  |  |
| &nbsp;&nbsp;&nbsp;7.61% (1 Month Term SOFR + 3.25%, Rate Floor: 4.00%) due 06/02/31 | 2277000 | 2287429 |
| &nbsp;&nbsp;&nbsp;5.48% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 06/02/31 | EUR 1,050,000 | 1234644 |
| Alterra Mountain Co. |  |  |
| &nbsp;&nbsp;&nbsp;6.82% (1 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 05/31/30 | 2993908 | 2995794 |
| &nbsp;&nbsp;&nbsp;6.82% (1 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 08/17/28 | 461985 | 461407 |
| Shilton BidCo Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;5.73% (3 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 01/14/30 | EUR 2,000,000 | 2346695 |
| &nbsp;&nbsp;&nbsp;5.69% (3 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 01/14/30 | EUR 900,000 | 1056013 |
| Scenic Cruises |  |  |
| &nbsp;&nbsp;&nbsp;8.51% (3 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 07/19/32 | 3400000 | 3400102 |
| Entain Holdings (Gibraltar) Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;5.29% (6 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 06/30/28 | EUR 2,750,000 | 3225869 |
| The Facilities Group |  |  |
| &nbsp;&nbsp;&nbsp;10.06% (3 Month Term SOFR + 5.75%, Rate Floor: 6.75%) due 11/30/27<sup>†††</sup> | 3242921 | 3201771 |
| NFM & J LLC |  |  |
| &nbsp;&nbsp;&nbsp;10.16% (3 Month Term SOFR + 5.75%, Rate Floor: 6.75%) due 11/30/27<sup>†††</sup> | 3190185 | 3149703 |
| Apro LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.11% (1 Month Term SOFR + 3.75%, Rate Floor: 3.75%) due 07/09/31 | 3151312 | 3145419 |
| Grant Thornton Advisors LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.32% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 05/30/31 | 3050000 | 3056862 |
| Breitling Financing SARL |  |  |
| &nbsp;&nbsp;&nbsp;5.94% (6 Month EURIBOR + 3.90%, Rate Floor: 3.90%) due 10/25/28 | EUR 2,800,000 | 2953513 |
| Restaurant Brands |  |  |
| &nbsp;&nbsp;&nbsp;5.60% (3 Month EURIBOR + 3.60%, Rate Floor: 3.60%) due 10/31/31 | EUR 2,450,000 | 2883071 |
| Cervantes Bidco S.L.U. |  |  |
| &nbsp;&nbsp;&nbsp;5.79% (6 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 12/03/31 | EUR 2,400,000 | 2817213 |
| Seren BidCo AB |  |  |
| &nbsp;&nbsp;&nbsp;7.76% (3 Month Term SOFR + 3.40%, Rate Floor: 3.90%) due 11/16/28 | 2765019 | 2767618 |
| Mavis Tire Express Services TopCo Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.20% (3 Month Term SOFR + 3.00%, Rate Floor: 3.75%) due 05/04/28 | 2665185 | 2670755 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** |
| **Consumer, Cyclical - 8.9% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Drive Bidco B.V. |  |  |
| &nbsp;&nbsp;&nbsp;5.72% (3 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 07/23/31 | EUR 2,200,000 | $2574003 |

---

---

| | | |
|:---|:---|:---|
| Paint Intermediate III LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.24% (3 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 10/09/31 | 2493750 | 2494523.0 |
| Bulldog Purchaser, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.04% (3 Month Term SOFR + 3.75%, Rate Floor: 4.25%) due 06/28/31 | 2477184 | 2489049.0 |
| Caesars Entertainment, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.57% (1 Month Term SOFR + 2.25%, Rate Floor: 2.75%) due 02/06/31 | 1975000 | 1967594.0 |
| &nbsp;&nbsp;&nbsp;6.57% (1 Month Term SOFR + 2.25%, Rate Floor: 2.75%) due 02/06/30 | 449625 | 447939.0 |
| Eagle Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;5.15% (6 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 03/20/28 | EUR 2,000,000 | 2349947.0 |
| Oil Changer Holding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;11.06% (6 Month Term SOFR + 6.75%, Rate Floor: 7.75%) due 02/08/27<sup>†††</sup> | 2109785 | 2109785.0 |
| Clarios Global, LP |  |  |
| &nbsp;&nbsp;&nbsp;7.07% (1 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 01/28/32 | 1400000 | 1400000.0 |
| &nbsp;&nbsp;&nbsp;4.87% (1 Month EURIBOR + 3.00%, Rate Floor: 3.00%) due 07/16/31 | EUR 600,000 | 703117.0 |
| Blue Ribbon LLC |  |  |
| &nbsp;&nbsp;&nbsp;12.28% (3 Month Term SOFR + 4.00%, Rate Floor: 4.75%) (in-kind rate was 4.00%) due 05/08/28<sup>†††,11</sup> | 2091950 | 2081490.0 |
| CCRR Parent, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.71% (3 Month Term SOFR + 4.25%, Rate Floor: 5.00%) due 03/06/28 | 6591434 | 1977430.0 |
| TransNetwork LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.05% (3 Month Term SOFR + 4.75%, Rate Floor: 5.25%) due 12/30/30 | 1885642 | 1878571.0 |
| ScribeAmerica Intermediate Holdco LLC (Healthchannels) |  |  |
| &nbsp;&nbsp;&nbsp;13.00% (Commercial Prime Lending Rate + 3.50%, Rate Floor: 3.50%) (in-kind rate was 2.00%) due 12/15/25<sup>10,11</sup> | 2466616 | 1837629.0 |
| Scientific Games Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.29% (3 Month Term SOFR + 3.00%, Rate Floor: 3.50%) due 04/04/29 | 1829302 | 1808338.0 |
| Sweetwater Sound |  |  |
| &nbsp;&nbsp;&nbsp;8.68% (1 Month Term SOFR + 4.25%, Rate Floor: 5.00%) due 08/07/28 | 1706713 | 1704580.0 |
| Thevelia US LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.30% (3 Month Term SOFR + 3.00%, Rate Floor: 3.50%) due 06/18/29 | 1578627 | 1581911.0 |
| Secretariat Advisors LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.30% (3 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 02/27/32 | 1557923 | 1562800.0 |
| Upbound Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.10% (1 Month Term SOFR + 2.75%, Rate Floor: 3.25%) due 08/12/32 | 1550000 | 1548713.0 |
| EG Finco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;7.70% (3 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 02/07/28 | 1536228 | 1542127.0 |
| SHO Holding I Corp. |  |  |
| &nbsp;&nbsp;&nbsp;10.93% (1 Month Term SOFR + 6.50%, Rate Floor: 7.50%) due 06/30/29<sup>†††</sup> | 1135961 | 1127399.0 |
| &nbsp;&nbsp;&nbsp;6.43% (1 Month Term SOFR + 2.00%, Rate Floor: 3.00%) due 06/30/29<sup>†††</sup> | 423926 | 373055.0 |
| Arcis Golf LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.07% (1 Month Term SOFR + 2.75%, Rate Floor: 3.25%) due 11/24/28 | 1296962 | 1299128.0 |
| Parts Europe SA |  |  |
| &nbsp;&nbsp;&nbsp;5.27% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 02/03/31 | EUR 1,000,000 | 1174751.0 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** |
| **Consumer, Cyclical - 8.9% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Fertitta Entertainment LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.57% (1 Month Term SOFR + 3.25%, Rate Floor: 3.75%) due 01/27/29 | 1161729 | $1160428 |
| American Auto Auction Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.82% (3 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 05/22/32 | 1097250 | 1106390 |
| Congruex Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;10.96% (3 Month Term SOFR + 1.50%, Rate Floor: 2.25%) (in-kind rate was 5.00%) due 05/03/29<sup>11</sup> | 1238859 | 1037544 |
| Dealer Tire LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.32% (1 Month Term SOFR + 3.00%, Rate Floor: 3.50%) due 07/02/31 | 992513 | 989724 |
| PT Intermediate Holdings III LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.30% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) (in-kind rate was 1.75%) due 04/09/30<sup>†††,11</sup> | 933775 | 926772 |
| AmSpec Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.80% (3 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 12/22/31 | 520000 | 522111 |
| &nbsp;&nbsp;&nbsp;7.82% (3 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 12/22/31 | 32000 | 32130 |
| Student Transportation Of America Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.57% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 06/24/32 | 420000 | 421315 |
| &nbsp;&nbsp;&nbsp;7.56% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 06/24/32 | 9600 | 9630 |
| Weight Watchers International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;11.12% (3 Month Term SOFR + 6.80%, Rate Floor: 6.80%) due 06/24/30 | 273050 | 249158 |
| **Total Consumer, Cyclical** |  | 191299165 |
| **Industrial - 7.0%** |  |  |
| Capstone Acquisition Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.92% (1 Month Term SOFR + 4.50%, Rate Floor: 5.50%) due 11/12/29<sup>†††</sup> | 8296915 | 8258262 |
| Fugue Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.95% (1 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 01/09/32 | 5083153 | 5091336 |
| Hunter Douglas, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.55% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 01/17/32 | 3631750 | 3630225 |
| &nbsp;&nbsp;&nbsp;5.23% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 01/17/32 | EUR 1,250,000 | 1459533 |
| Pregis TopCo LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.32% (1 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 02/28/29 | 5047883 | 5089528 |
| FCG Acquisitions, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.55% (3 Month Term SOFR + 3.25%, Rate Floor: 3.75%) due 03/31/28 | 5014473 | 5021293 |
| Integrated Power Services Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.18% (1 Month Term SOFR + 4.50%, Rate Floor: 5.25%) due 11/22/28<sup>†††</sup> | 3863324 | 3854402 |
| &nbsp;&nbsp;&nbsp;8.93% (1 Month Term SOFR + 4.50%, Rate Floor: 5.25%) due 11/22/28<sup>†††</sup> | 1096314 | 1093783 |
| Atlantic Aviation |  |  |
| &nbsp;&nbsp;&nbsp;6.82% (1 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 09/23/31 | 4931425 | 4930488 |
| Aegion Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.32% (1 Month Term SOFR + 3.00%, Rate Floor: 3.75%) due 05/17/28 | 4908399 | 4911491 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | |
|:---|:---|
| **Face<br> Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** |

---

---

| | | |
|:---|:---|:---|
| **Industrial - 7.0% (continued)** |  |  |
| Michael Baker International LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.31% (3 Month Term SOFR + 4.00%, Rate Floor: 4.75%) due 12/01/28 | 4776340 | $4792245 |
| Boluda Towage S.L. |  |  |
| &nbsp;&nbsp;&nbsp;5.37% (1 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 01/31/30 | EUR 3,950,000 | 4649511 |
| Charter Next Generation, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.11% (1 Month Term SOFR + 2.75%, Rate Floor: 3.50%) due 11/29/30 | 4608487 | 4626414 |
| Engineering Research And Consulting LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.29% (6 Month Term SOFR + 5.00%, Rate Floor: 5.00%) due 08/29/31 | 4577000 | 4451133 |
| Inspired Finco Holdings, Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;5.12% (1 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 02/28/31 | EUR 3,800,000 | 4448316 |
| VDK Groep B.V. |  |  |
| &nbsp;&nbsp;&nbsp;5.39% (1 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 02/23/32 | EUR 3,750,000 | 4402115 |
| Engineered Machinery Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.06% (3 Month Term SOFR + 3.50%, Rate Floor: 4.25%) due 05/19/28 | 2269121 | 2281692 |
| &nbsp;&nbsp;&nbsp;5.98% (3 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 05/21/28 | EUR 1,600,000 | 1877861 |
| Foundation Building Materials Holding Company LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.31% ((1 Month Term SOFR + 4.00%) and (3 Month Term SOFR + 4.00%), Rate Floor: 4.00%) due 01/29/31 | 4098125 | 4109395 |
| Merlin Buyer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.30% (3 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 12/14/28 | 4039936 | 4001233 |
| Dispatch Terra Acquisition LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.70% (3 Month Term SOFR + 4.25%, Rate Floor: 5.00%) due 03/27/28 | 4067908 | 3965356 |
| STS Operating, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.42% (1 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 03/25/31 | 3950000 | 3914213 |
| Pelican Products, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.81% (3 Month Term SOFR + 4.25%, Rate Floor: 4.75%) due 12/29/28 | 4428958 | 3808904 |
| ASP Dream Acquisiton Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.67% (1 Month Term SOFR + 4.25%, Rate Floor: 5.00%) due 12/15/28 | 4201395 | 3781255 |
| Galileo Global Education |  |  |
| &nbsp;&nbsp;&nbsp;5.28% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 07/31/31 | EUR 2,898,444 | 3381654 |
| &nbsp;&nbsp;&nbsp;5.28% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 07/31/31 | EUR 251,556 | 293493 |
| Convergint |  |  |
| &nbsp;&nbsp;&nbsp;8.10% (1 Month Term SOFR + 3.75%, Rate Floor: 3.75%) due 07/12/32 | 3480598 | 3489300 |
| Cognita Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;7.82% (3 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 10/27/31 | 1990013 | 1994988 |
| &nbsp;&nbsp;&nbsp;5.73% (3 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 04/25/29 | EUR 1,000,000 | 1174096 |
| Infragroup |  |  |
| &nbsp;&nbsp;&nbsp;5.48% (3 Month EURIBOR + 3.45%, Rate Floor: 3.45%) due 09/27/30 | EUR 2,600,000 | 3054506 |
| Talbot Participation SAS |  |  |
| &nbsp;&nbsp;&nbsp;5.44% (6 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 06/27/32 | EUR 2,550,000 | 2999345 |
| Climater Bidco II |  |  |
| &nbsp;&nbsp;&nbsp;6.38% (3 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 03/31/32 | EUR 2,450,000 | 2859337 |
| Anchor Packaging LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.61% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 07/18/29 | 2849836 | 2852686 |
| IFCO Management GmbH |  |  |
| &nbsp;&nbsp;&nbsp;3.50% due 07/30/32 | EUR 2,400,000 | 2810642 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | |
|:---|:---|
| **Face<br> Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** |

---

---

| | | |
|:---|:---|:---|
| **Industrial - 7.0% (continued)** |  |  |
| DXP Enterprises, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.07% (1 Month Term SOFR + 3.75%, Rate Floor: 4.75%) due 10/11/30 | 2568109 | $2576943 |
| Service Logic Acquisition, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.31% ((1 Month Term SOFR + 3.00%) and (3 Month Term SOFR + 3.00%), Rate Floor: 3.75%) due 10/29/27 | 2466664 | 2468711 |
| Quimper AB |  |  |
| &nbsp;&nbsp;&nbsp;5.70% (3 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 03/25/30 | EUR 2,000,000 | 2347678 |
| Mauser Packaging Solutions Holding Co. |  |  |
| &nbsp;&nbsp;&nbsp;7.35% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 04/15/27 | 2263194 | 2262719 |
| White Cap Supply Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.57% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 10/19/29 | 2152477 | 2152692 |
| Mannington Mills, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.05% (3 Month Term SOFR + 4.75%, Rate Floor: 4.75%) due 03/07/32 | 1836125 | 1790222 |
| OptiGroup |  |  |
| &nbsp;&nbsp;&nbsp;7.12% (1 Month EURIBOR + 5.25%, Rate Floor: 5.25%) due 03/16/29 | EUR 1,600,000 | 1765541 |
| API Holdings III Corp. |  |  |
| &nbsp;&nbsp;&nbsp;11.30% (3 Month Term SOFR + 1.00%, Rate Floor: 1.00%) (in-kind rate was 6.00%) due 05/09/27<sup>11</sup> | 1734229 | 1505311 |
| &nbsp;&nbsp;&nbsp;11.30% (3 Month Term SOFR + 1.00%, Rate Floor: 2.00%) (in-kind rate was 6.00%) due 03/25/27<sup>11</sup> | 130601 | 131907 |
| LBM Acquisition LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.21% (1 Month Term SOFR + 3.75%, Rate Floor: 4.50%) due 06/06/31 | 1628550 | 1579400 |
| Vista Management Holding, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.04% (3 Month Term SOFR + 3.75%, Rate Floor: 3.75%) due 03/26/31 | 1350000 | 1356332 |
| Apave S.A. |  |  |
| &nbsp;&nbsp;&nbsp;5.16% (1 Month EURIBOR + 3.27%, Rate Floor: 3.27%) due 12/09/31 | EUR 1,150,000 | 1348300 |
| ProAmpac PG Borrower LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.27% (3 Month Term SOFR + 4.00%, Rate Floor: 4.75%) due 09/15/28 | 1307203 | 1305569 |
| ILPEA Parent, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.32% (1 Month Term SOFR + 4.01%, Rate Floor: 4.76%) due 06/22/28 | 1222670 | 1218855 |
| Spring Education Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.30% (3 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 10/04/30 | 1182000 | 1188406 |
| Merlin Buyer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.05% (3 Month Term SOFR + 4.75%, Rate Floor: 5.25%) due 12/14/28<sup>†††</sup> | 1080653 | 1069847 |
| Valcour Packaging LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.23% (1 Month Term SOFR + 1.50%, Rate Floor: 1.50%) (in-kind rate was 2.25%) due 10/04/28<sup>11</sup> | 443893 | 374201 |
| &nbsp;&nbsp;&nbsp;9.62% (1 Month Term SOFR + 5.25%, Rate Floor: 5.25%) due 10/04/28 | 360023 | 360250 |
| Park River Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.80% (3 Month Term SOFR + 3.25%, Rate Floor: 4.00%) due 12/28/27 | 581135 | 578712 |
| Osmose Utility Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.68% (1 Month Term SOFR + 3.25%, Rate Floor: 3.75%) due 06/23/28 | 491667 | 482079 |
| Berlin Packaging LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.59% ((1 Month Term SOFR + 3.25%) and (3 Month Term SOFR + 3.25%), Rate Floor: 3.25%) due 06/09/31 | 466481 | 467572 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** |
| **Industrial - 7.0% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Beacon Roofing Supply, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.30% (3 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 04/23/32 | 113333 | $114272 |
| **Total Industrial** |  | 151805550 |
| **Technology - 6.2%** |  |  |
| Visma AS |  |  |
| &nbsp;&nbsp;&nbsp;6.08% (6 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 12/05/28<sup>†††</sup> | EUR 7,250,000 | 8482508 |
| &nbsp;&nbsp;&nbsp;6.03% (6 Month EURIBOR + 3.70%, Rate Floor: 3.70%) due 12/05/28<sup>†††</sup> | EUR 500,000 | 585001 |
| Datix Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;9.46% (6 Month GBP SONIA + 5.25%, Rate Floor: 5.25%) due 04/30/31<sup>†††</sup> | GBP 3,920,000 | 5258390 |
| &nbsp;&nbsp;&nbsp;9.54% (6 Month Term SOFR + 5.25%, Rate Floor: 5.75%) due 04/30/31<sup>†††</sup> | 1110000 | 1110000 |
| &nbsp;&nbsp;&nbsp;9.54% (6 Month Term SOFR + 5.25%, Rate Floor: 5.75%) due 10/30/30<sup>†††</sup> | 105000 | 94128 |
| Total Webhosting Solutions BV |  |  |
| &nbsp;&nbsp;&nbsp;5.90% (6 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 11/06/31 | EUR 5,000,000 | 5871943 |
| TSG Solutions Holding |  |  |
| &nbsp;&nbsp;&nbsp;6.03% (3 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 05/04/32 | EUR 4,775,000 | 5614689 |
| Kerridge Commercial Systems Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;9.47% (3 Month GBP SONIA + 5.25%, Rate Floor: 6.00%) due 09/07/30<sup>†††</sup> | GBP 3,800,000 | 5066020 |
| Team.Blue Finco SARL |  |  |
| &nbsp;&nbsp;&nbsp;5.68% (3 Month EURIBOR + 3.45%, Rate Floor: 3.45%) due 09/30/29 | EUR 4,150,000 | 4864002 |
| Kaseya, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.61% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 03/22/32 | 4837875 | 4845277 |
| Precise Midco B.V. |  |  |
| &nbsp;&nbsp;&nbsp;4.98% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 11/22/30 | EUR 4,117,500 | 4822394 |
| Finastra |  |  |
| &nbsp;&nbsp;&nbsp;11.43% (6 Month Term SOFR + 7.25%, Rate Floor: 8.25%) due 09/13/29 | 4838750 | 4790362 |
| DS Admiral Bidco LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.55% (3 Month Term SOFR + 4.25%, Rate Floor: 4.25%) due 06/26/31 | 4744083 | 4738153 |
| Modena Buyer LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.81% (3 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 07/01/31 | 4641684 | 4562126 |
| Planview Parent, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.80% (3 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 12/17/27 | 4662300 | 4547701 |
| Boxer Parent Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.20% (3 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 07/30/31 | 4486256 | 4478046 |
| Bock Capital Bidco B.V. |  |  |
| &nbsp;&nbsp;&nbsp;5.48% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 06/29/28 | EUR 3,800,000 | 4471569 |
| Leia Finco US LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.57% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 10/09/31 | 4189500 | 4197376 |
| Blackhawk Network Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.32% (1 Month Term SOFR + 4.00%, Rate Floor: 5.00%) due 03/12/29 | 4148205 | 4163180 |
| Wrench Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.56% (3 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 10/30/28 | 4093562 | 4087176 |
| Sitecore Holding III A/S |  |  |
| &nbsp;&nbsp;&nbsp;11.60% (3 Month Term SOFR + 3.18%, Rate Floor: 3.18%) (in-kind rate was 6.24%) due 03/12/29<sup>†††,11</sup> | 2214304 | 2199649 |
| &nbsp;&nbsp;&nbsp;9.25% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) (in-kind rate was 5.06%) due 03/12/29<sup>†††,11</sup> | EUR 1,614,600 | 1876582 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6%(continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6%(continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6%(continued)** |
| **Technology - 6.2% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Pushpay USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.30% (3 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 08/15/31 | 3880500 | $3895052 |
| Apttus Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.81% (3 Month Term SOFR + 3.50%, Rate Floor: 4.25%) due 05/08/28 | 3858959 | 3857763 |
| Indicor LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.48% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 11/22/29 | EUR 3,092,231 | 3626958 |
| CoreLogic, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.93% (1 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 06/02/28 | 3519676 | 3507357 |
| Polaris Newco LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.78% (3 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 06/02/28 | EUR 2,480,670 | 2711149 |
| &nbsp;&nbsp;&nbsp;8.32% (3 Month Term SOFR + 3.75%, Rate Floor: 4.25%) due 06/02/28 | 627539 | 595020 |
| Cordobes Holdco SL |  |  |
| &nbsp;&nbsp;&nbsp;5.87% (1 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 02/02/29 | EUR 2,700,000 | 3160993 |
| Alteryx, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;10.32% (1 Month Term SOFR + 6.00%, Rate Floor: 6.75%) due 03/19/31<sup>†††</sup> | 2881944 | 2881944 |
| Zuora, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.82% (1 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 02/17/32 | 2795000 | 2782786 |
| Xerox Corp. |  |  |
| &nbsp;&nbsp;&nbsp;8.27% ((3 Month Term SOFR + 4.00%) and (6 Month Term SOFR + 4.00%), Rate Floor: 4.50%) due 11/17/29 | 2714943 | 2528969 |
| Redhalo Midco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;5.23% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 03/24/31 | EUR 2,100,000 | 2455479 |
| Athena Bidco Gmbh (P&I) |  |  |
| &nbsp;&nbsp;&nbsp;5.77% (3 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 05/31/32 | EUR 1,575,000 | 1850970 |
| Polaris Newco LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.94% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 06/04/26<sup>†††</sup> | 1652364 | 1620805 |
| Dye & Durham Corp. |  |  |
| &nbsp;&nbsp;&nbsp;8.65% (3 Month Term SOFR + 4.25%, Rate Floor: 5.25%) due 04/11/31 | 1424464 | 1425803 |
| Central Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.55% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 07/06/29 | 1529591 | 1276383 |
| Azurite Intermediate Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;10.32% (1 Month Term SOFR + 6.00%, Rate Floor: 6.75%) due 03/19/31<sup>†††</sup> | 1268056 | 1268056 |
| BEP Intermediate Holdco LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.07% (1 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 04/28/31 | 891017 | 893806 |
| Conair Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.18% (1 Month Term SOFR + 3.75%, Rate Floor: 4.25%) due 05/17/28 | 1328308 | 870041 |
| Storable, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.57% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 04/16/31 | 847875 | 850419 |
| RealPage, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.56% (3 Month USD LIBOR + 3.00%, Rate Floor: 3.50%) due 04/24/28 | 500000 | 499150 |
| Marcel Bidco LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.35% (1 Month Term SOFR + 3.00%, Rate Floor: 3.50%) due 11/13/30 | 496259 | 496880 |
| Finastra USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;11.57% (3 Month Term SOFR + 7.25%, Rate Floor: 8.25%) due 09/13/29<sup>†††</sup> | 17469 | 16016 |
| **Total Technology** |  | 133798071 |
| **Financial - 5.8%** |  |  |
| Eisner Advisory Group |  |  |
| &nbsp;&nbsp;&nbsp;8.32% (1 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 02/28/31 | 8323830 | 8370693 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** |
| **Financial - 5.8% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Higginbotham Insurance Agency, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.82% (1 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 11/24/28<sup>†††</sup> | 7980807 | $7931745 |
| &nbsp;&nbsp;&nbsp;9.07% (1 Month Term SOFR + 4.75%, Rate Floor: 5.75%) due 11/24/28<sup>†††</sup> | 342584 | 340478 |
| HighTower Holding LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.07% (3 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 02/03/32 | 7936810 | 7920301 |
| Cliffwater LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.31% (3 Month Term SOFR + 5.00%, Rate Floor: 5.75%) due 03/19/32<sup>†††</sup> | 6792975 | 6771308 |
| Asurion LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.67% (1 Month Term SOFR + 4.25%, Rate Floor: 4.25%) due 08/19/28 | 3867372 | 3861919 |
| &nbsp;&nbsp;&nbsp;8.57% (1 Month Term SOFR + 4.25%, Rate Floor: 4.25%) due 09/19/30 | 2494750 | 2463924 |
| Cegid Group |  |  |
| &nbsp;&nbsp;&nbsp;4.78% (3 Month EURIBOR + 2.75%, Rate Floor: 2.75%) due 07/10/28 | EUR 4,650,000 | 5433052 |
| Sandy Bidco B.V. |  |  |
| &nbsp;&nbsp;&nbsp;6.26% (6 Month EURIBOR + 3.85%, Rate Floor: 3.85%) due 08/17/29 | EUR 4,550,000 | 5294971 |
| Aretec Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.82% (1 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 08/09/30 | 4694450 | 4696562 |
| Nexus Buyer LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.82% (1 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 07/31/31 | 4699137 | 4688376 |
| Cobham Ultra SeniorCo SARL |  |  |
| &nbsp;&nbsp;&nbsp;8.37% (6 Month Term SOFR + 3.75%, Rate Floor: 4.25%) due 08/03/29 | 4627304 | 4631422 |
| Orion Advisor Solutions, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.57% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 09/09/30 | 4565500 | 4577325 |
| Howden Group Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;5.38% (1 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 02/15/31 | EUR 3,750,000 | 4403475 |
| AqGen Island Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.32% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 08/02/28 | 4134061 | 4134930 |
| Duff & Phelps |  |  |
| &nbsp;&nbsp;&nbsp;8.05% (3 Month Term SOFR + 3.75%, Rate Floor: 4.75%) due 04/09/27 | 2063598 | 2053610 |
| &nbsp;&nbsp;&nbsp;5.98% (3 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 04/09/27 | EUR 1,713,918 | 1993474 |
| Diot-Siaci |  |  |
| &nbsp;&nbsp;&nbsp;5.43% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 07/26/32 | EUR 3,450,000 | 4039653 |
| Ardonagh Midco 3 plc |  |  |
| &nbsp;&nbsp;&nbsp;6.95% ((3 Month Term SOFR + 2.75%) and (6 Month Term SOFR + 2.75%), Rate Floor: 2.75%) due 02/18/31 | 3840375 | 3833194 |
| Tegra118 Wealth Solutions, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.20% (3 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 02/18/27 | 3691710 | 3645564 |
| Claros Mortgage Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.92% (1 Month Term SOFR + 4.50%, Rate Floor: 5.00%) due 08/09/26 | 3394416 | 3284097 |
| IntraFi |  |  |
| &nbsp;&nbsp;&nbsp;10.07% (1 Month Term SOFR + 5.75%, Rate Floor: 5.75%) due 01/31/32 | 3300000 | 3279375 |
| CFC USA 2025 LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.04% (0 - –%) due 05/29/32 | 3200000 | 3170016 |
| Cross Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.07% (1 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 10/31/31 | 2786000 | 2791795 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** |
| **Financial - 5.8% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Assetmark Financial Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.06% (1 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 09/05/31 | 2606900 | $2611175 |
| Saphilux SARL |  |  |
| &nbsp;&nbsp;&nbsp;7.74% (6 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 07/18/28 | 2482554 | 2496531 |
| Apex Group Treasury LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.75% (3 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 02/19/32 | 2296922 | 2297496 |
| Penta Technologies B.V. |  |  |
| &nbsp;&nbsp;&nbsp;5.19% (3 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 06/28/32 | EUR 1,950,000 | 2279609 |
| Fusion Intermediate, LLC |  |  |
| &nbsp;&nbsp;&nbsp;12.40% (3 Month Term SOFR + 8.00%, Rate Floor: 8.00%) due 06/06/30 | 2228226 | 2243088 |
| Galaxy Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;6.04% (6 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 12/19/29 | EUR 1,800,000 | 2118512 |
| Boots Group Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 08/30/32 | GBP 1,500,000 | 2037113 |
| OEG Borrower LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.81% (3 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 06/30/31 | 1736875 | 1743388 |
| Orion US FinCo |  |  |
| &nbsp;&nbsp;&nbsp;3.50% due 05/20/32 | 1150000 | 1157602 |
| IMC Global Holdings |  |  |
| &nbsp;&nbsp;&nbsp;7.86% (1 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 06/18/32 | 850000 | 857438 |
| Avison Young (Canada), Inc. |  |  |
| &nbsp;&nbsp;&nbsp;12.59% (3 Month Term SOFR + 1.50%, Rate Floor: 3.50%) (in-kind rate was 6.50%) due 03/12/29<sup>11</sup> | 985258 | 480313 |
| &nbsp;&nbsp;&nbsp;12.49% (3 Month Term SOFR + 1.50%, Rate Floor: 3.50%) (in-kind rate was 6.50%) due 03/12/29<sup>11</sup> | 176732 | 35346 |
| Osaic Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.32% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 08/02/32 | 500000 | 499445 |
| Eagle Point Holdings Borrower, LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.06% (3 Month Term SOFR + 3.75%, Rate Floor: 4.75%) due 03/31/28<sup>†††</sup> | 250000 | 250000 |
| **Total Financial** |  | 124718315 |
| **Consumer, Non-cyclical - 5.6%** |  |  |
| LaserAway Intermediate Holdings II LLC |  |  |
| &nbsp;&nbsp;&nbsp;10.33% (3 Month Term SOFR + 5.75%, Rate Floor: 6.50%) due 10/14/27 | 7441653 | 7292820 |
| Quirch Foods Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.57% (3 Month Term SOFR + 5.00%, Rate Floor: 6.00%) due 10/27/27 | 6724864 | 6587004 |
| Nidda Healthcare Holding GmbH |  |  |
| &nbsp;&nbsp;&nbsp;5.42% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 02/21/30 | EUR 5,450,000 | 6380524 |
| HAH Group Holding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.32% (1 Month Term SOFR + 5.00%, Rate Floor: 5.00%) due 09/24/31 | 7045604 | 6299968 |
| Women's Care Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.91% (3 Month Term SOFR + 4.50%, Rate Floor: 5.25%) due 01/15/28 | 6552000 | 5945940 |
| Domidep |  |  |
| &nbsp;&nbsp;&nbsp;5.41% (1 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 10/24/29 | EUR 4,400,000 | 5165714 |
| Bowtie Germany Bidco GmbH |  |  |
| &nbsp;&nbsp;&nbsp;5.98% (3 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 08/01/31 | EUR 4,200,000 | 4910958 |
| Recess Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.07% (3 Month Term SOFR + 3.75%, Rate Floor: 4.75%) due 02/20/30 | 4838934 | 4860128 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** |
| **Consumer, Non-cyclical - 5.6% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Gibson Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.58% (3 Month Term SOFR + 5.00%, Rate Floor: 5.00%) due 08/11/28 | 4752625 | $4449645 |
| Affidea |  |  |
| &nbsp;&nbsp;&nbsp;5.69% (3 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 07/20/29 | EUR 3,750,000 | 4396630 |
| Artisan Newco B.V. |  |  |
| &nbsp;&nbsp;&nbsp;5.96% (3 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 04/01/32 | EUR 3,682,773 | 4326816 |
| Hanger, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.82% (1 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 10/23/31 | 4233686 | 4241645 |
| Curriculum Associates LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.95% (3 Month Term SOFR + 4.75%, Rate Floor: 5.50%) due 05/07/32<sup>†††</sup> | 4200000 | 4179987 |
| Rainbow Finco SARL |  |  |
| &nbsp;&nbsp;&nbsp;8.47% (6 Month GBP SONIA + 4.50%, Rate Floor: 4.50%) due 02/26/29 | GBP 3,000,000 | 4042763 |
| Blue Ribbon LLC |  |  |
| &nbsp;&nbsp;&nbsp;10.55% (3 Month Term SOFR + 6.00%, Rate Floor: 6.75%) due 05/08/28 | 5542490 | 3935168 |
| AI Monet (Luxembourg) Parentco SARL |  |  |
| &nbsp;&nbsp;&nbsp;5.72% (3 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 03/06/31 | EUR 3,250,000 | 3818360 |
| Culligan |  |  |
| &nbsp;&nbsp;&nbsp;7.35% (1 Month Term SOFR + 3.00%, Rate Floor: 3.50%) due 07/31/28 | 3721945 | 3722131 |
| Florida Food Products LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.56% (3 Month Term SOFR + 5.00%, Rate Floor: 5.75%) due 10/18/28 | 5515481 | 3695372 |
| CHG PPC Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.37% (1 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 12/08/28 | EUR 2,500,000 | 2925003 |
| Balrog Acquisition, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.93% (1 Month Term SOFR + 4.50%, Rate Floor: 5.25%) due 09/05/28<sup>†††</sup> | 2989000 | 2914275 |
| Chefs' Warehouse, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.32% (1 Month Term SOFR + 3.00%, Rate Floor: 3.50%) due 08/23/29 | 2316875 | 2325563 |
| Outcomes Group Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.32% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 05/06/31 | 2128540 | 2138800 |
| IVI America LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.05% (3 Month Term SOFR + 3.75%, Rate Floor: 3.75%) due 04/18/31 | 2029500 | 2035426 |
| &nbsp;&nbsp;&nbsp;3.75% (0 - –%) due 04/09/31 | 100000 | 100292 |
| Aenova Holding Gmbh |  |  |
| &nbsp;&nbsp;&nbsp;5.03% (3 Month EURIBOR + 3.00%, Rate Floor: 3.00%) due 08/22/31 | EUR 1,725,000 | 2018252 |
| Confluent Health LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.43% (1 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 11/30/28<sup>†††</sup> | 1967487 | 1800251 |
| Skio Bidco B.V. |  |  |
| &nbsp;&nbsp;&nbsp;5.59% (6 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 05/19/32 | EUR 1,400,000 | 1642359 |
| Eyecare Partners LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.84% (6 Month Term SOFR + 1.00%, Rate Floor: 1.00%) (in-kind rate was 3.61%) due 11/30/28<sup>11</sup> | 1259280 | 968298 |
| &nbsp;&nbsp;&nbsp;9.88% (6 Month Term SOFR + 5.75%, Rate Floor: 5.75%) due 08/31/28 | 350691 | 357704 |
| Asterix AcquiCo GmbH |  |  |
| &nbsp;&nbsp;&nbsp;6.77% (3 Month EURIBOR + 4.75%, Rate Floor: 4.75%) due 03/30/32 | EUR 1,100,000 | 1292368 |
| Almaviva Sante |  |  |
| &nbsp;&nbsp;&nbsp;6.18% (3 Month EURIBOR + 4.25%, Rate Floor: 4.25%) due 04/08/31 | EUR 1,050,000 | 1229656 |
| Skechers |  |  |
| &nbsp;&nbsp;&nbsp;3.50% due 06/28/32 | EUR 1,000,000 | 1170598 |
| HomeVi S.A.S. |  |  |
| &nbsp;&nbsp;&nbsp;6.78% (3 Month EURIBOR + 4.75%, Rate Floor: 4.75%) due 10/24/29 | EUR 1,000,000 | 1166831 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** |
| **Consumer, Non-cyclical - 5.6% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Ceva Sante |  |  |
| &nbsp;&nbsp;&nbsp;6.98% (3 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 11/08/30 | 1112472 | $1113396 |
| Midwest Physician Administrative Services |  |  |
| &nbsp;&nbsp;&nbsp;7.56% (3 Month Term SOFR + 3.00%, Rate Floor: 3.75%) due 03/12/28 | 1178818 | 1102443 |
| MDVIP |  |  |
| &nbsp;&nbsp;&nbsp;7.34% (1 Month Term SOFR + 3.00%, Rate Floor: 3.50%) due 10/16/31 | 1000000 | 999580 |
| Resonetics LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.06% (3 Month Term SOFR + 2.75%, Rate Floor: 3.50%) due 06/18/31 | 880464 | 878994 |
| Balrog Acquisition, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.43% (1 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 09/05/28 | 900600 | 871709 |
| Rainbow Finco SARL |  |  |
| &nbsp;&nbsp;&nbsp;8.58% (6 Month Term SOFR + 4.25%, Rate Floor: 5.00%) due 02/24/29<sup>†††</sup> | 700000 | 689500 |
| Moran Foods LLC |  |  |
| &nbsp;&nbsp;&nbsp;11.65% (3 Month Term SOFR + 7.25%, Rate Floor: 8.25%) due 06/30/26<sup>†††</sup> | 1886679 | 570828 |
| Snacking Investments US LLC (Arnott's) |  |  |
| &nbsp;&nbsp;&nbsp;8.31% (3 Month Term SOFR + 4.00%, Rate Floor: 5.00%) due 12/18/26 | 451623 | 453457 |
| Confluent Medical Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.31% (1 Month Term SOFR + 3.00%, Rate Floor: 3.50%) due 02/16/29 | 397000 | 396833 |
| Topgolf Callaway Brands Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.32% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 03/15/30 | 225000 | 221063 |
| Bausch Health Companies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;10.57% (1 Month Term SOFR + 6.25%, Rate Floor: 6.25%) due 10/08/30 | 150000 | 147792 |
| **Total Consumer, Non-cyclical** |  | 119782844 |
| **Communications - 1.1%** |  |  |
| FirstDigital Communications LLC |  |  |
| &nbsp;&nbsp;&nbsp;10.75% (Commercial Prime Lending Rate + 3.25%, Rate Floor: 4.00%) due 12/17/26<sup>†††</sup> | 7860000 | 7735789 |
| Level 3 Financing, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.57% (1 Month Term SOFR + 4.25%, Rate Floor: 4.75%) due 03/21/32 | 4480000 | 4497741 |
| Syndigo LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.93% (1 Month Term SOFR + 4.50%, Rate Floor: 5.25%) due 12/15/27 | 4404500 | 4398994 |
| Speedster Bidco GmbH |  |  |
| &nbsp;&nbsp;&nbsp;5.88% (6 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 12/10/31 | EUR 1,400,000 | 1644832 |
| &nbsp;&nbsp;&nbsp;7.55% (3 Month Term SOFR + 3.25%, Rate Floor: 3.75%) due 12/10/31 | 1396500 | 1397087 |
| Cengage Learning, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.76% ((1 Month Term SOFR + 3.50%) and (3 Month Term SOFR + 3.50%), Rate Floor: 4.50%) due 03/24/31 | 1795080 | 1797018 |
| Xplore, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.00% (3 Month Term SOFR + 1.76%, Rate Floor: 1.76%) due 10/24/31 | 1087432 | 750328 |
| &nbsp;&nbsp;&nbsp;9.43% (1 Month Term SOFR + 1.50%, Rate Floor: 1.50%) (in-kind rate was 3.50%) due 10/23/29<sup>11</sup> | 310657 | 292018 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 35.6% (continued)** |
| **Communications - 1.1% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| UPC Financing Partnership |  |  |
| &nbsp;&nbsp;&nbsp;6.69% (6 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 02/29/32 | 500000 | $499065 |
| **Total Communications** |  | 23012872 |
| **Basic Materials - 0.7%** |  |  |
| Lummus Technology Holdings V LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.82% (3 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 12/31/29 | 3258874 | 3269351 |
| Vector WP Holdco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.43% (1 Month Term SOFR + 5.00%, Rate Floor: 5.75%) due 10/12/28<sup>†††</sup> | 3040885 | 2934454 |
| Eden S.A.S. |  |  |
| &nbsp;&nbsp;&nbsp;5.48% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 06/22/29 | EUR 2,100,000 | 2464472 |
| GrafTech Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;10.32% (1 Month Term SOFR + 6.00%, Rate Floor: 8.00%) due 12/21/29 | 1725656 | 1748314 |
| Discovery Purchaser Corp. |  |  |
| &nbsp;&nbsp;&nbsp;8.08% (3 Month Term SOFR + 3.75%, Rate Floor: 4.25%) due 10/04/29 | 1676586 | 1671002 |
| Wr Grace Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.19% (1 Month Term SOFR + 3.00%, Rate Floor: 3.50%) due 08/11/32 | 1350000 | 1348312 |
| Arsenal AIC Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.07% (1 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 08/19/30 | 884351 | 884077 |
| NIC Acquisition Corp. |  |  |
| &nbsp;&nbsp;&nbsp;8.31% (3 Month Term SOFR + 3.75%, Rate Floor: 4.50%) due 12/29/27 | 1043229 | 882572 |
| Vantage Specialty Chemicals, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.07% (3 Month Term SOFR + 4.75%, Rate Floor: 5.25%) due 10/26/26 | 122796 | 119700 |
| **Total Basic Materials** |  | 15322254 |
| **Energy - 0.2%** |  |  |
| Par Petroleum LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.03% (3 Month Term SOFR + 3.75%, Rate Floor: 4.25%) due 02/28/30 | 3812318 | 3803741 |
| Venture Global Calcasieu Pass LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.29% (1 Month Term SOFR + 2.88%, Rate Floor: 2.88%) due 08/19/26 | 659493 | 659084 |
| **Total Energy** |  | 4462825 |
| **Utilities - 0.1%** |  |  |
| Powergrid Services LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.04% (3 Month Term SOFR + 4.75%, Rate Floor: 4.75%) due 03/31/32<sup>†††</sup> | 2454706 | 2454706 |
| Powergrid Services LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.04% (1 Month Term SOFR + 4.75%, Rate Floor: 4.75%) due 03/31/32 | 28678 | 28677 |
| **Total Utilities** |  | 2483383 |
| **Total Senior Floating Rate Interests** | **Total Senior Floating Rate Interests** |  |
| &nbsp;&nbsp;&nbsp;(Cost $758,178,590) | &nbsp;&nbsp;&nbsp;(Cost $758,178,590) | 766685279 |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 19.3%** | **ASSET-BACKED SECURITIES<sup>††</sup> - 19.3%** | **ASSET-BACKED SECURITIES<sup>††</sup> - 19.3%** |
| **Collateralized Loan Obligations - 9.1%** |  |  |
| Madison Park Funding LIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2022-53A E, 10.33% (3 Month Term SOFR + 6.00%, Rate Floor: 6.00%) due 04/21/35<sup>◊,5</sup> | 18500000 | 18284140 |
| Boyce Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2022-1A E, 10.58% (3 Month Term SOFR + 6.25%, Rate Floor: 6.25%) due 04/21/35<sup>◊,5</sup> | 10000000 | 10010637 |
| FS Rialto Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2024-FL9 C, 7.00% (1 Month Term SOFR + 2.64%, Rate Floor: 2.65%) due 10/19/39<sup>◊,5</sup> | 5100000 | 5088713 |
| &nbsp;&nbsp;&nbsp;2025-FL10 C, 6.50% (1 Month Term SOFR + 2.15%, Rate Floor: 2.15%) due 08/19/42<sup>◊,5</sup> | 3000000 | 2954761 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | |
|:---|:---|
| **Face<br> Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 19.3% (continued)** | **ASSET-BACKED SECURITIES<sup>††</sup> - 19.3% (continued)** |
| **Collateralized Loan Obligations - 9.1% (continued)** |  |

---

---

| | | |
|:---|:---|:---|
| Fortress Credit Opportunities IX CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-9A DR, 8.53% (3 Month Term SOFR + 4.21%, Rate Floor: 3.95%) due 10/15/33<sup>◊,5</sup> | 8000000 | $7871973 |
| Cerberus Loan Funding 52 LLC |  |  |
| &nbsp;&nbsp;&nbsp;2025-3A C, due 10/15/37<sup>◊,5</sup> | 7300000 | 7300000 |
| Fontainbleau Vegas |  |  |
| &nbsp;&nbsp;&nbsp; 10.01% (1 Month Term SOFR + 5.65%, Rate Floor: 1.00%) due 01/31/28<sup>◊,†††</sup> | 6500000 | 6500000 |
| Cerberus Loan Funding XLIV LLC |  |  |
| &nbsp;&nbsp;&nbsp;2024-5A C, 8.52% (3 Month Term SOFR + 4.20%, Rate Floor: 4.20%) due 01/15/36<sup>◊,5</sup> | 6100000 | 6170661 |
| Cerberus Loan Funding XLII LLC |  |  |
| &nbsp;&nbsp;&nbsp;2023-3A C, 8.47% (3 Month Term SOFR + 4.15%, Rate Floor: 4.15%) due 09/13/35<sup>◊,5</sup> | 5750000 | 5750000 |
| Carlyle Global Market Strategies |  |  |
| &nbsp;&nbsp;&nbsp;2022-1A E, 11.67% (3 Month Term SOFR + 7.35%, Rate Floor: 7.35%) due 04/15/35<sup>◊,5</sup> | 5500000 | 5499795 |
| Cerberus Loan Funding XLV LLC |  |  |
| &nbsp;&nbsp;&nbsp;2024-1A D, 9.32% (3 Month Term SOFR + 5.00%, Rate Floor: 5.00%) due 04/15/36<sup>◊,5</sup> | 5000000 | 5046581 |
| Ares Direct Lending CLO 2 LLC |  |  |
| &nbsp;&nbsp;&nbsp;2024-2A D, 8.23% (3 Month Term SOFR + 3.90%, Rate Floor: 3.90%) due 10/20/36<sup>◊,5</sup> | 4800000 | 4903673 |
| Owl Rock CLO I LLC |  |  |
| &nbsp;&nbsp;&nbsp;2024-1A C, 8.45% (3 Month Term SOFR + 4.25%, Rate Floor: 4.25%) due 02/20/36<sup>◊,5</sup> | 4600000 | 4646911 |
| HPS Private Credit CLO LLC |  |  |
| &nbsp;&nbsp;&nbsp;2025-3A D, 8.26% (3 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 07/20/37<sup>◊,5</sup> | 2500000 | 2518297 |
| &nbsp;&nbsp;&nbsp;2025-3A C, 7.06% (3 Month Term SOFR + 2.80%, Rate Floor: 2.80%) due 07/20/37<sup>◊,5</sup> | 2000000 | 2006062 |
| Neuberger Berman Loan Advisers CLO 57 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-57A SUB, due 10/24/38<sup>5,12</sup> | 5230000 | 4322155 |
| Neuberger Berman Loan Advisers CLO 47 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2022-47A E, 10.57% (3 Month Term SOFR + 6.25%, Rate Floor: 6.25%) due 04/14/35<sup>◊,5</sup> | 4250000 | 4270220 |
| Ares Loan Funding V Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-ALF5A E, 10.92% (3 Month Term SOFR + 6.60%, Rate Floor: 6.60%) due 07/27/37<sup>◊,5</sup> | 4000000 | 4046473 |
| LoanCore |  |  |
| &nbsp;&nbsp;&nbsp;2025-CRE8 C, 6.50% (1 Month Term SOFR + 2.14%, Rate Floor: 2.14%) due 08/17/42<sup>◊,5</sup> | 4000000 | 3963066 |
| RR Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-39A SUB, due 04/15/38<sup>5,12</sup> | 4350000 | 3947973 |
| Wonder Lake Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-1A SUB, due 07/24/38<sup>5,12</sup> | 4450000 | 3768818 |
| Octagon 78 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-3A SUB, (WAC) due 10/20/38<sup>◊,†††,5,12</sup> | 4150000 | 3567008 |
| Palmer Square Loan Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-3A CR, 7.32% (3 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 04/15/31<sup>◊,5</sup> | 3500000 | 3521336 |
| Brant Point CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-7A SUB, due 07/25/38<sup>5,12</sup> | 3050000 | 2633548 |
| &nbsp;&nbsp;&nbsp;2025-8A SUB, due 03/31/38<sup>◊,5,12</sup> | 1000000 | 843368 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | |
|:---|:---|
| **Face<br> Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 19.3% (continued)** | **ASSET-BACKED SECURITIES<sup>††</sup> - 19.3% (continued)** |
| **Collateralized Loan Obligations - 9.1% (continued)** |  |

---

---

| | | |
|:---|:---|:---|
| GoldenTree Loan Management US CLO 1 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-9A DR, 7.68% (3 Month Term SOFR + 3.35%, Rate Floor: 3.35%) due 04/20/37<sup>◊,5</sup> | 3450000.0 | $3470745 |
| Ares CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-77A SUB, due 07/15/38<sup>5,12</sup> | 3600000.0 | 3437427 |
| Cerberus Loan Funding XLVI, LP |  |  |
| &nbsp;&nbsp;&nbsp;2024-2A D, 9.27% (3 Month Term SOFR + 4.95%, Rate Floor: 4.95%) due 07/15/36<sup>◊,5</sup> | 3200000.0 | 3228860 |
| OCP CLO 2025-44 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-44A SUB, (WAC) due <br>10/24/38<sup>◊,5,12</sup> | 2400000.0 | 2069174 |
| &nbsp;&nbsp;&nbsp;2024-38A SUB, due<br> 01/21/38<sup>5,12</sup> | 1000000.0 | 744434 |
| KREF Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL2 AS, 5.78% (1 Month Term SOFR + 1.41%, Rate Floor: 1.30%) due 02/15/39<sup>◊,5</sup> | 2850000.0 | 2796487 |
| Symphony CLO 48 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-48A SUB, due 04/20/38<sup>5,12</sup> | 3000000.0 | 2669433 |
| Owl Rock CLO XVI LLC |  |  |
| &nbsp;&nbsp;&nbsp;2024-16A C, 7.63% (3 Month Term SOFR + 3.30%, Rate Floor: 3.30%) due 04/20/36<sup>◊,5</sup> | 2650000.0 | 2660860 |
| Golub Capital Partners CLO 46M Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-46A CR, 7.38% (3 Month Term SOFR + 3.05%, Rate Floor: 3.05%) due 04/20/37<sup>◊,5</sup> | 2600000.0 | 2608474 |
| Cerberus Loan Funding XL LLC |  |  |
| &nbsp;&nbsp;&nbsp;2023-1A D, 10.72% (3 Month Term SOFR + 6.40%, Rate Floor: 6.40%) due 03/22/35<sup>◊,5</sup> | 2500000.0 | 2528800 |
| Cerberus Loan Funding XLVII LLC |  |  |
| &nbsp;&nbsp;&nbsp;2024-3A D, 8.67% (3 Month Term SOFR + 4.35%, Rate Floor: 4.35%) due 07/15/36<sup>◊,5</sup> | 2450000.0 | 2470027 |
| Generate CLO 21 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-21A SUB, due 07/25/38<sup>5,12</sup> | 2800000.0 | 2465659 |
| Regatta 34 Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-3A SUB, due 07/20/38<sup>5,12</sup> | 2300000.0 | 2292927 |
| Hamlin Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-1A SUB, due 10/20/37<sup>5,12</sup> | 2700000.0 | 2245049 |
| Regatta 33 Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-2A SUB, due 07/25/38<sup>5,12</sup> | 2250000.0 | 2243081 |
| Voya CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2022-1A SUB, due 04/20/35<sup>5,12</sup> | 3650000.0 | 2109590 |
| &nbsp;&nbsp;&nbsp;2013-1A INC, due 10/15/30<sup>5,12</sup> | 3000000.0 | 103410 |
| Carlyle US CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-4A SUB, due 10/25/37<sup>◊,†††,5,12</sup> | 2350000.0 | 2095965 |
| CIFC Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2022-3A E, 11.60% (3 Month Term SOFR + 7.27%, Rate Floor: 7.27%) due 04/21/35<sup>◊,5</sup> | 2000000.0 | 2003001 |
| Carlyle US CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2022-4A DR, 10.92% (3 Month Term SOFR + 6.60%, Rate Floor: 6.60%) due 04/15/35<sup>◊,5</sup> | 2000000.0 | 2000872 |
| GoldenTree Loan Management US CLO 24 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-24A E, 8.88% (3 Month Term SOFR + 4.60%, Rate Floor: 4.60%) due 10/20/38<sup>◊,5</sup> | 2000000.0 | 1996589 |
| Madison Park Funding LVIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-58A D, 7.97% (3 Month Term SOFR + 3.65%, Rate Floor: 3.65%) due 04/25/37<sup>◊,5</sup> | 1700000.0 | 1713442 |
| Elmwood CLO 16 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-3A ER, 11.08% (3 Month Term SOFR + 6.75%, Rate Floor: 6.75%) due 04/20/37<sup>◊,5</sup> | 1500000.0 | 1502845 |
| Madison Park Funding LXXI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-71A E, 9.02% (3 Month Term SOFR + 4.75%, Rate Floor: 4.75%) due 04/23/38<sup>◊,5</sup> | 1500000.0 | 1499048 |
| AGL CLO 17 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-17A ER, 8.98% (3 Month Term SOFR + 4.65%, Rate Floor: 4.65%) due 01/21/35<sup>◊,5</sup> | 1500000.0 | 1447501 |
| Octagon 74 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-2A SUB, due 04/22/38<sup>5,12</sup> | 2000000.0 | 1441138 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | |
|:---|:---|
| **Face<br> Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 19.3% (continued)** | **ASSET-BACKED SECURITIES<sup>††</sup> - 19.3% (continued)** |
| **Collateralized Loan Obligations - 9.1% (continued)** |  |

---

---

| | | |
|:---|:---|:---|
| FS Rialto |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL2 C, 6.52% (1 Month Term SOFR + 2.16%, Rate Floor: 2.16%) due 05/16/38<sup>◊,5</sup> | 1400000.0 | $1394723 |
| Ballyrock CLO 1 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A DR, 11.33% (3 Month Term SOFR + 7.01%, Rate Floor: 6.75%) due 07/15/32<sup>◊,5</sup> | 1350000.0 | 1350852 |
| AREIT Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-CRE10 B, 6.20% (1 Month Term SOFR + 1.84%, Rate Floor: 1.84%) due 01/17/30<sup>◊,5</sup> | 1300000.0 | 1294038 |
| Cerberus Loan Funding 50 LLC |  |  |
| &nbsp;&nbsp;&nbsp;2025-1A D, 8.12% (3 Month Term SOFR + 3.80%, Rate Floor: 3.80%) due 07/15/37<sup>◊,5</sup> | 1200000.0 | 1208694 |
| Neuberger Berman Loan Advisers CLO 60 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-60A SUB, due 04/22/39<sup>5,12</sup> | 1100000.0 | 978792 |
| Elmwood CLO VI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-3A ERR, 10.23% (3 Month Term SOFR + 5.90%, Rate Floor: 5.90%) due 07/18/37<sup>◊,5</sup> | 950000.0 | 940383 |
| Bayard Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-1A SUB, due 07/24/38<sup>5,12</sup> | 1000000.0 | 817466 |
| Neuberger Berman Loan Advisers CLO 38 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-38A ER2, 8.93% (3 Month Term SOFR + 4.60%, Rate Floor: 4.60%) due 10/20/36<sup>◊,5</sup> | 750000.0 | 748289 |
| Great Lakes CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2014-1A SUB, due 10/15/29<sup>5,12</sup> | 1153846.0 | 517591 |
| Dryden 50 Senior Loan Fund |  |  |
| &nbsp;&nbsp;&nbsp;2017-50A SUB, due 07/15/30<sup>†††,5,12</sup> | 3555000.0 | 227520 |
| A10 Permanent Asset Financing LLC |  |  |
| &nbsp;&nbsp;&nbsp;2017-II C1, 6.24% (WAC) due 06/15/51<sup>◊,5</sup> | 250000.0 | 203573 |
| Carlyle Global Market Strategies CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2012-3A SUB, due 01/14/32<sup>5,12</sup> | 2600000.0 | 50440 |
| Dryden Senior Loan Fund |  |  |
| &nbsp;&nbsp;&nbsp;2015-37X , due 01/15/31<sup>12</sup> | 2998799.0 | 14179 |
| Dryden 41 Senior Loan Fund |  |  |
| &nbsp;&nbsp;&nbsp;2015-41A SUB, due 04/15/31<sup>5,12</sup> | 1850000.0 | 9930 |
| Dryden 37 Senior Loan Fund |  |  |
| &nbsp;&nbsp;&nbsp;2015-37A SUB, due 01/15/31<sup>5,12</sup> | 1050000.0 | 4964 |
| Treman Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2015-1A COM, due 10/20/28<sup>5,12</sup> | 814751.0 | 2273 |
| Marathon CLO V Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2013-5A SUB, due 11/21/27<sup>5,12</sup> | 3566667.0 | 357 |
| Babson CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2014-IA SUB, due 07/20/25<sup>5,12</sup> | 3000000.0 | 300 |
| Venture XIII CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2013-13A SUB, due 09/10/29<sup>5,12</sup> | 1500000.0 | 150 |
| **Total Collateralized Loan Obligations** |  | 195045521 |
| **Financial - 3.2%** |  |  |
| Thunderbird A |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 03/01/37<sup>†††</sup> | 21200000.0 | 19776844 |
| Lightning A |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 03/01/37<sup>†††</sup> | 21200000.0 | 19776844 |
| Obsidian Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.93% due 05/15/55<sup>5</sup> | 5450000.0 | 5450000 |
| Ceamer Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.92% due 11/15/37<sup>†††</sup> | 3048001.0 | 3138740 |
| &nbsp;&nbsp;&nbsp;3.69% due 03/24/31<sup>†††</sup> | 1666191.0 | 1611973 |
| Metis Issuer, LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.89% due 05/15/55<sup>†††</sup> | 4150000.0 | 4129540 |
| LVNV Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.84% due 06/12/29<sup>†††</sup> | 3850000.0 | 3953103 |
| Thunderbird B |  |  |
| &nbsp;&nbsp;&nbsp;7.50% due 03/01/37<sup>†††</sup> | 2700000.0 | 2529900 |
| Lightning B |  |  |
| &nbsp;&nbsp;&nbsp;7.50% due 03/01/37<sup>†††</sup> | 2700000.0 | 2529900 |
| KKR Core Holding Company LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 08/12/31<sup>†††</sup> | 2512528.0 | 2334114 |
| Akso Health Group |  |  |
| &nbsp;&nbsp;&nbsp;7.27% due 12/31/44<sup>†††</sup> | 1987562.0 | 2032202 |
| Nassau LLC |  |  |
| &nbsp;&nbsp;&nbsp;2019-1, 3.98% due 08/15/34<sup>2</sup> | 580282.0 | 549388 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | |
|:---|:---|
| **Face<br> Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 19.3% (continued)** | **ASSET-BACKED SECURITIES<sup>††</sup> - 19.3% (continued)** |

---

---

| | | |
|:---|:---|:---|
| **Financial - 3.2% (continued)** |  |  |
| Bib Merchant Voucher Receivables Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;4.18% due 04/07/28<sup>†††</sup> | 501867.0 | $500426 |
| **Total Financial** |  | 68312974 |
| **Transport-Aircraft - 2.3%** |  |  |
| GAIA Aviation Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2019-1, 3.97% due 12/15/44<sup>5,13</sup> | 8476348.0 | 8218074 |
| &nbsp;&nbsp;&nbsp;2019-1, 5.19% due 12/15/44<sup>5,13</sup> | 2050214.0 | 1865572 |
| AASET Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-2A, 3.54% due 01/15/47<sup>5</sup> | 3360730.0 | 3180197 |
| &nbsp;&nbsp;&nbsp;2021-2A, 2.80% due 01/15/47<sup>5</sup> | 3151017.0 | 2967663 |
| &nbsp;&nbsp;&nbsp;2020-1A, 3.35% due 01/16/40<sup>5</sup> | 947938.0 | 932714 |
| &nbsp;&nbsp;&nbsp;2019-2, 4.46% due 10/16/39<sup>5</sup> | 743090.0 | 724596 |
| &nbsp;&nbsp;&nbsp;2020-1A, 4.34% due 01/16/40<sup>5</sup> | 495291.0 | 477307 |
| Project Silver |  |  |
| &nbsp;&nbsp;&nbsp;2019-1, 3.97% due 07/15/44<sup>5</sup> | 6943230.0 | 6720839 |
| Sprite Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 3.75% due 11/15/46<sup>5</sup> | 6084056.0 | 5885933 |
| KDAC Aviation Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2017-1A, 4.21% due 12/15/42<sup>5</sup> | 3595162.0 | 3550222 |
| Labrador Aviation Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2016-1A, 4.30% due 01/15/42<sup>5</sup> | 2896870.0 | 2824333 |
| JOL Air Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2019-1, 3.97% due 04/15/44<sup>5</sup> | 2234243.0 | 2217866 |
| Start Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-1, 4.09% due 05/15/43<sup>5</sup> | 1132882.0 | 1132315 |
| &nbsp;&nbsp;&nbsp;2018-1, 5.32% due 05/15/43<sup>5</sup> | 801502.0 | 800797 |
| Lunar Structured Aircraft Portfolio Notes |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 3.43% due 10/15/46<sup>5</sup> | 1721202.0 | 1624625 |
| Start II Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2019-1, 4.09% due 03/15/44<sup>5</sup> | 1610371.0 | 1600226 |
| WAVE LLC |  |  |
| &nbsp;&nbsp;&nbsp;2019-1, 3.60% due 09/15/44<sup>5</sup> | 1339691.0 | 1294543 |
| Castlelake Aircraft Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;2019-1A, 3.97% due 04/15/39<sup>5</sup> | 702687.0 | 676470 |
| &nbsp;&nbsp;&nbsp;2018-1, 4.13% due 06/15/43<sup>5</sup> | 521545.0 | 507666 |
| MACH 1 Cayman Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2019-1, 3.47% due 10/15/39<sup>5</sup> | 1152203.0 | 1138376 |
| Sapphire Aviation Finance II Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 4.34% due 03/15/40<sup>5</sup> | 1018005.0 | 934589 |
| Falcon Aerospace Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2019-1, 3.60% due 09/15/39<sup>5</sup> | 293662.0 | 289257 |
| &nbsp;&nbsp;&nbsp;2017-1, 6.30% due 02/15/42<sup>5</sup> | 191265.0 | 189831 |
| Castlelake Aircraft Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;2014-1, due 12/31/30<sup>†††</sup> | 3054105.0 | 113 |
| **Total Transport-Aircraft** |  | 49754124 |
| **Infrastructure - 1.9%** |  |  |
| Hotwire Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;2023-1A, 8.84% due 05/20/53<sup>5</sup> | 11000000.0 | 11341285 |
| &nbsp;&nbsp;&nbsp;2021-1, 4.46% due 11/20/51<sup>5</sup> | 5250000.0 | 5142495 |
| &nbsp;&nbsp;&nbsp;2024-1A, 9.19% due 06/20/54<sup>5</sup> | 2000000.0 | 2101093 |
| VB-S1 Issuer LLC - VBTEL |  |  |
| &nbsp;&nbsp;&nbsp;2022-1A, 5.27% due 02/15/52<sup>5</sup> | 8000000.0 | 7604493 |
| &nbsp;&nbsp;&nbsp;2024-1A, 8.87% due 05/15/54<sup>5</sup> | 5600000.0 | 5845310 |
| Switch ABS Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2024-2A, 5.44% due 06/25/54<sup>5</sup> | 4450000.0 | 4492756 |
| Vault DI Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 2.80% due 07/15/46<sup>5</sup> | 1850000.0 | 1804883 |
| Aligned Data Centers Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 2.48% due 08/15/46<sup>5</sup> | 1500000.0 | 1449918 |
| Blue Stream Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2023-1A, 6.90% due 05/20/53<sup>5</sup> | 1000000.0 | 1018083 |
| **Total Infrastructure** |  | 40800316 |
| **Insurance - 1.4%** |  |  |
| Obra Longevity |  |  |
| &nbsp;&nbsp;&nbsp;8.48% due 06/30/39<sup>†††</sup> | 17400000.0 | 18483498 |
| Dogwood State Bank |  |  |
| &nbsp;&nbsp;&nbsp;6.45% due 06/24/32<sup>†††</sup> | 10000000.0 | 10058600 |
| CHEST |  |  |
| &nbsp;&nbsp;&nbsp;7.13% due 03/23/43<sup>†††</sup> | 1350000.0 | 1417851 |
| CBC Insurance Revenue Securitization LLC |  |  |
| &nbsp;&nbsp;&nbsp;2016-1, 5.25% due 07/15/46<sup>2</sup> | 260156.0 | 236986 |
| **Total Insurance** |  | 30196935 |
| **Net Lease - 0.6%** |  |  |
| CARS-DB4, LP |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 4.95% due 02/15/50<sup>5</sup> | 7110000.0 | 6468295 |
| SVC ABS LLC |  |  |
| &nbsp;&nbsp;&nbsp;2023-1A, 5.55% due 02/20/53<sup>5</sup> | 3676875.0 | 3612907 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 19.3% (continued)** | **ASSET-BACKED SECURITIES<sup>††</sup> - 19.3% (continued)** | **ASSET-BACKED SECURITIES<sup>††</sup> - 19.3% (continued)** |
| **Net Lease - 0.6% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| CARS-DB7, LP |  |  |
| &nbsp;&nbsp;&nbsp;2023-1A, 6.50% due 09/15/53<sup>5</sup> | 3280208 | $3313406 |
| **Total Net Lease** |  | 13394608 |
| **Single Family Residence - 0.5%** |  |  |
| FirstKey Homes Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-SFR3, 4.50% due 07/17/38<sup>5</sup> | 3200000 | 3177870 |
| &nbsp;&nbsp;&nbsp;2020-SFR2, 4.00% due 10/19/37<sup>5</sup> | 3050000 | 3031798 |
| &nbsp;&nbsp;&nbsp;2020-SFR2, 4.50% due 10/19/37<sup>5</sup> | 3000000 | 2983396 |
| &nbsp;&nbsp;&nbsp;2020-SFR2, 3.37% due 10/19/37<sup>5</sup> | 1900000 | 1887404 |
| **Total Single Family Residence** |  | 11080468 |
| **Whole Business - 0.2%** |  |  |
| SERVPRO Master Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2019-1A, 3.88% due 10/25/49<sup>5</sup> | 1932125 | 1908359 |
| Sonic Capital LLC |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 3.85% due 01/20/50<sup>5</sup> | 1187500 | 1166805 |
| &nbsp;&nbsp;&nbsp;2020-1A, 4.34% due 01/20/50<sup>5</sup> | 760000 | 732661 |
| Wingstop Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 2.84% due 12/05/50<sup>5</sup> | 98500 | 94573 |
| **Total Whole Business** |  | 3902398 |
| **Other - 0.1%** |  |  |
| RR Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-41A, due 10/15/40<sup>5</sup> | 2400000 | 2160000 |
| **Collateralized Debt Obligations - 0.0%** |  |  |
| Anchorage Credit Funding 4 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-4A CR, 3.52% due 04/27/39<sup>5</sup> | 1000000 | 906601 |
| **Total Asset-Backed Securities** | **Total Asset-Backed Securities** |  |
| &nbsp;&nbsp;&nbsp;(Cost $418,732,848) | &nbsp;&nbsp;&nbsp;(Cost $418,732,848) | 415553945 |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 7.2%** | **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 7.2%** | **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 7.2%** |
| **Government Agency - 4.1%** |  |  |
| Uniform MBS 30 Year |  |  |
| &nbsp;&nbsp;&nbsp; due 11/01/25 | 19059000 | 19731840 |
| &nbsp;&nbsp;&nbsp; due 11/01/25 | 16300000 | 16378989 |
| Fannie Mae |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 06/01/55<sup>1</sup> | 12630862 | 12706926 |
| &nbsp;&nbsp;&nbsp;4.00% due 06/01/52<sup>1</sup> | 5847735 | 5516228 |
| &nbsp;&nbsp;&nbsp;4.00% due 07/01/52<sup>1</sup> | 5556625 | 5257796 |
| &nbsp;&nbsp;&nbsp;5.00% due 08/01/53<sup>1</sup> | 5176337 | 5125602 |
| &nbsp;&nbsp;&nbsp;5.00% due 09/01/52 | 1876327 | 1860646 |
| &nbsp;&nbsp;&nbsp;5.00% due 06/01/53<sup>1</sup> | 1810177 | 1792365 |
| &nbsp;&nbsp;&nbsp;4.00% due 05/01/52<sup>1</sup> | 1470131 | 1377989 |
| Freddie Mac |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 09/01/52<sup>1</sup> | 5056897 | 5014895 |
| &nbsp;&nbsp;&nbsp;4.00% due 05/01/52<sup>1</sup> | 4529835 | 4260152 |
| &nbsp;&nbsp;&nbsp;5.50% due 06/01/55 | 3983453 | 4007442 |
| &nbsp;&nbsp;&nbsp;4.00% due 06/01/52<sup>1</sup> | 4035611 | 3800460 |
| &nbsp;&nbsp;&nbsp;4.00% due 08/01/52<sup>1</sup> | 1443830 | 1371766 |
| **Total Government Agency** |  | 88203096 |
| **Residential Mortgage-Backed Securities - 1.7%** |  |  |
| Mill City Securities Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-RS1, 4.00% due 11/01/69<sup>5,13</sup> | 10250000 | 9363375 |
| LSTAR Securities Investment Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-1, 7.45% (30 Day Average SOFR + 3.10%, Rate Floor: 3.10%) due 01/01/29<sup>◊,5</sup> | 3269124 | 3287685 |
| CFMT LLC |  |  |
| &nbsp;&nbsp;&nbsp;2022-HB9, 3.25% (WAC) due 09/25/37<sup>◊,5</sup> | 3400000 | 3253722 |
| Carrington Mortgage Loan Trust Series |  |  |
| &nbsp;&nbsp;&nbsp;2006-NC5, 4.59% (1 Month Term SOFR + 0.26%, Rate Cap/Floor: 14.50%/0.15%) due 01/25/37<sup>◊</sup> | 3374409 | 3014201 |
| OBX Trust |  |  |
| &nbsp;&nbsp;&nbsp;2024-NQM6, 6.92% (WAC) due 02/25/64<sup>◊,5</sup> | 1750000 | 1777848 |
| &nbsp;&nbsp;&nbsp;2022-NQM8, 6.10% due 09/25/62<sup>5,13</sup> | 877944 | 874687 |
| Top Pressure Recovery Turbines |  |  |
| &nbsp;&nbsp;&nbsp;7.51% due 11/01/69 | 1989073 | 1989073 |
| WaMu Asset-Backed Certificates WaMu Series |  |  |
| &nbsp;&nbsp;&nbsp;2007-HE4, 4.61% (1 Month Term SOFR + 0.28%, Rate Floor: 0.28%) due 07/25/47<sup>◊</sup> | 1415541 | 1058561 |
| &nbsp;&nbsp;&nbsp;2007-HE4, 4.69% (1 Month Term SOFR + 0.36%, Rate Floor: 0.36%) due 07/25/47<sup>◊</sup> | 826639 | 473211 |
| &nbsp;&nbsp;&nbsp;2007-HE2, 4.82% (1 Month Term SOFR + 0.30%, Rate Floor: 0.30%) due 04/25/37<sup>◊</sup> | 1263214 | 453539 |
| New Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-NQM5, 6.50% due 11/25/52<sup>5,13</sup> | 1715922 | 1709170 |
| GCAT Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-NQM5, 5.71% due 08/25/67<sup>5,13</sup> | 1692443 | 1685699 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 7.2% (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 7.2% (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 7.2% (continued)** |
| **Residential Mortgage-Backed Securities - 1.7% (continued)** | **Residential Mortgage-Backed Securities - 1.7% (continued)** |  |
| Lehman XS Trust Series |  |  |
| &nbsp;&nbsp;&nbsp;2006-18N, 4.80% (1 Month Term SOFR + 0.47%, Rate Floor: 0.36%) due 12/25/36<sup>◊</sup> | 1500619 | $1460787 |
| BRAVO Residential Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-NQM3, 5.50% (WAC) due 07/25/62<sup>◊,5</sup> | 1240956 | 1239319 |
| Saluda Grade Alternative Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2023-FIG4, 7.12% (WAC) due 11/25/53<sup>◊,5</sup> | 947773 | 979804 |
| PRKCM Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-AFC2, 6.14% (WAC) due 08/25/57<sup>◊,5</sup> | 913467 | 911921 |
| Citigroup Mortgage Loan Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2022-A, 9.17% due 09/25/62<sup>5,13</sup> | 864076 | 866401 |
| JP Morgan Mortgage Acquisition Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-WMC4, 4.70% (1 Month Term SOFR + 0.37%, Rate Floor: 0.26%) due 12/25/36<sup>◊</sup> | 1286683 | 802363 |
| **Total Residential Mortgage-Backed Securities** |  | 35201366 |
| **Commercial Mortgage-Backed Securities - 0.9%** |  |  |
| BX Trust |  |  |
| &nbsp;&nbsp;&nbsp;2024-VLT4, 6.80% (1 Month Term SOFR + 2.44%, Rate Floor: 2.44%) due 07/15/29<sup>◊,5</sup> | 5200000 | 5187000 |
| &nbsp;&nbsp;&nbsp;2023-DELC, 7.70% (1 Month Term SOFR + 3.34%, Rate Floor: 3.34%) due 05/15/38<sup>◊,5</sup> | 2750000 | 2768892 |
| BX Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-VOLT, 6.48% (1 Month Term SOFR + 2.11%, Rate Floor: 2.00%) due 09/15/36<sup>◊,5</sup> | 3626324 | 3611592 |
| &nbsp;&nbsp;&nbsp;2024-AIRC, 6.95% (1 Month Term SOFR + 2.59%, Rate Floor: 2.59%) due 08/15/39<sup>◊,5</sup> | 1497912 | 1503062 |
| BXHPP Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-FILM, 5.58% (1 Month Term SOFR + 1.21%, Rate Floor: 1.10%) due 08/15/36<sup>◊,5</sup> | 5350000 | 4837764 |
| GS Mortgage Securities Corporation Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-DUNE, 7.13% (1 Month Term SOFR + 2.76%, Rate Floor: 2.65%) due 12/15/36<sup>◊,5</sup> | 1844285 | 1781083 |
| **Total Commercial Mortgage-Backed Securities** |  | 19689393 |
| **Military Housing - 0.5%** |  |  |
| Freddie Mac Military Housing Bonds Resecuritization Trust Certificates |  |  |
| &nbsp;&nbsp;&nbsp;2015-R1, 5.95% (WAC) due 11/25/52<sup>◊,5</sup> | 3217034 | 2672327 |
| &nbsp;&nbsp;&nbsp;2015-R1, 0.70% (WAC) due 10/25/52<sup>◊,5,14</sup> | 38408504 | 2190944 |
| &nbsp;&nbsp;&nbsp;2015-R1, 0.70% (WAC) due 11/25/55<sup>◊,5,14</sup> | 38572705 | 2165132 |
| &nbsp;&nbsp;&nbsp;2015-R1, 0.70% (WAC) due 11/25/52<sup>◊,5,14</sup> | 30157786 | 1417238 |
| Capmark Military Housing Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-AETC, 5.75% due 02/10/52<sup>†††,5</sup> | 1475090 | 1300100 |
| &nbsp;&nbsp;&nbsp;2007-AET2, 6.06% due 10/10/52<sup>†††,5</sup> | 444736 | 427298 |
| GMAC Commercial Mortgage Asset Corp. |  |  |
| &nbsp;&nbsp;&nbsp;2006-LEAV, 5.46% due 03/10/51<sup>†††,5</sup> | 945530 | 772309 |
| **Total Military Housing** |  | 10945348 |
| **Total Collateralized Mortgage Obligations** | **Total Collateralized Mortgage Obligations** |  |
| &nbsp;&nbsp;&nbsp;(Cost $157,451,394) | &nbsp;&nbsp;&nbsp;(Cost $157,451,394) | 154039203 |
| **U.S. GOVERNMENT SECURITIES <sup>††</sup> - 1.8%** | **U.S. GOVERNMENT SECURITIES <sup>††</sup> - 1.8%** | **U.S. GOVERNMENT SECURITIES <sup>††</sup> - 1.8%** |
| U.S. Treasury Bills | U.S. Treasury Bills | U.S. Treasury Bills |
| &nbsp;&nbsp;&nbsp;4.18% due 10/23/25<sup>15</sup> | 19400000 | 19286768 |
| &nbsp;&nbsp;&nbsp;4.20% due 10/23/25<sup>15</sup> | 3200000 | 3181323 |
| &nbsp;&nbsp;&nbsp;4.24% due 09/04/25<sup>1,15</sup> | 1500000 | 1499647 |
| &nbsp;&nbsp;&nbsp;3.86% due 09/16/25<sup>1,15</sup> | 390000 | 389353 |
| U.S. Treasury Bonds | U.S. Treasury Bonds | U.S. Treasury Bonds |
| &nbsp;&nbsp;&nbsp; due 08/15/51<sup>1,16,17</sup> | 32650000 | 8789087 |
| &nbsp;&nbsp;&nbsp; due 05/15/44<sup>1,16,17</sup> | 5030000 | 1981423 |
| &nbsp;&nbsp;&nbsp; due 11/15/44<sup>16,17</sup> | 5030000 | 1926257 |
| &nbsp;&nbsp;&nbsp; due 02/15/46<sup>1,16,17,18</sup> | 5060000 | 1810368 |
| **Total U.S. Government Securities** | **Total U.S. Government Securities** |  |
| &nbsp;&nbsp;&nbsp;(Cost $46,413,490) |  | 38864226 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | |
|:---|:---|
| **Face<br> Amount<sup>~</sup>** | **Value** |

---

---

| | | |
|:---|:---|:---|
| **FOREIGN GOVERNMENT DEBT<sup>††</sup> - 0.3%** | **FOREIGN GOVERNMENT DEBT<sup>††</sup> - 0.3%** | **FOREIGN GOVERNMENT DEBT<sup>††</sup> - 0.3%** |
| Panama Government International Bond | Panama Government International Bond | Panama Government International Bond |
| &nbsp;&nbsp;&nbsp;4.50% due 01/19/63 | 4150000 | $2816190 |
| Eagle Funding Luxco SARL | Eagle Funding Luxco SARL | Eagle Funding Luxco SARL |
| &nbsp;&nbsp;&nbsp;5.50% due 08/17/30<sup>5</sup> | 2650000 | 2687365 |
| **Total Foreign Government Debt** | **Total Foreign Government Debt** |  |
| &nbsp;&nbsp;&nbsp;(Cost $6,768,306) |  | 5503555 |
| **SENIOR FIXED RATE INTERESTS<sup>††</sup> - 0.1%** | **SENIOR FIXED RATE INTERESTS<sup>††</sup> - 0.1%** | **SENIOR FIXED RATE INTERESTS<sup>††</sup> - 0.1%** |
| **Consumer, Non-cyclical - 0.1%** |  |  |
| Stars UK Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;5.23% due 08/10/29 | EUR 1,900,000 | 2221224 |
| **Industrial - 0.0%** |  |  |
| Cognita Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;7.84% due 10/27/31 | 800000 | 802000 |
| **Total Senior Fixed Rate Interests** | **Total Senior Fixed Rate Interests** |  |
| &nbsp;&nbsp;&nbsp;(Cost $2,813,972) | &nbsp;&nbsp;&nbsp;(Cost $2,813,972) | 3023224 |
| **CONVERTIBLE BONDS<sup>††</sup> - 0.1%** | **CONVERTIBLE BONDS<sup>††</sup> - 0.1%** | **CONVERTIBLE BONDS<sup>††</sup> - 0.1%** |
| **Consumer, Non-cyclical - 0.1%** |  |  |
| Block, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; due 05/01/26<sup>17</sup> | 2840000 | 2740548 |
| **Total Convertible Bonds** | **Total Convertible Bonds** |  |
| &nbsp;&nbsp;&nbsp;(Cost $2,749,412) | &nbsp;&nbsp;&nbsp;(Cost $2,749,412) | 2740548 |
| **MUNICIPAL BONDS<sup>††</sup> - 0.0%** | **MUNICIPAL BONDS<sup>††</sup> - 0.0%** | **MUNICIPAL BONDS<sup>††</sup> - 0.0%** |
| **Oklahoma - 0.0%** |  |  |
| Oklahoma Development Finance Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.45% due 08/15/28 | 400000 | 392132 |
| **Total Municipal Bonds** | **Total Municipal Bonds** |  |
| &nbsp;&nbsp;&nbsp;(Cost $400,000) | &nbsp;&nbsp;&nbsp;(Cost $400,000) | 392132 |
|  | **Contracts/Notional**<br> **Value<sup>~</sup>** | **Value** |
| **LISTED OPTIONS PURCHASED<sup>†</sup> - 0.1%** | **LISTED OPTIONS PURCHASED<sup>†</sup> - 0.1%** | **LISTED OPTIONS PURCHASED<sup>†</sup> - 0.1%** |
| **Put Options on:** |  |  |
| **Equity Options** |  |  |
| &nbsp;&nbsp;&nbsp; Invesco QQQ Trust Series Expiring October 2025 with strike price of $570.00 (Notional Value $41,696,240) | 731 | $968575 |
| **Total Listed Options Purchased** | **Total Listed Options Purchased** |  |
| &nbsp;&nbsp;&nbsp;(Cost $821,751) |  | 968575 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Contracts/Notional**<br> **Value<sup>~</sup>** | **Value** |
| **OTC OPTIONS PURCHASED<sup>††</sup> - 0.0%** | **OTC OPTIONS PURCHASED<sup>††</sup> - 0.0%** | **OTC OPTIONS PURCHASED<sup>††</sup> - 0.0%** |
| **Put Options on:** |  |  |
| **Foreign Exchange Options** |  |  |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange EUR/USD Expiring January 2026 with strike price of EUR 1.12 (Notional Value $16,714,653) | EUR 14,272,000 | $49199 |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange EUR/USD Expiring January 2026 with strike price of EUR 1.12 (Notional Value $16,714,653) | EUR 14,272,000 | 49199 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs International Foreign Exchange USD/JPY Expiring April 2026 with strike price of $2.73 | USD 4,857,000 | 89937 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs International Foreign Exchange USD/JPY Expiring May 2026 with strike price of $123.50 | USD 1,640,000 | 72500 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs International Foreign Exchange USD/JPY Expiring April 2026 with strike price of $2.64 | USD 3,885,000 | 71938 |
| &nbsp;&nbsp;&nbsp;UBS AG Foreign Exchange USD/JPY Expiring November 2025 with strike price of $140.00 | USD 10,190,000 | 63633 |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange EUR/USD Expiring January 2026 with strike price of EUR 1.12 (Notional Value $21,358,263) | EUR 18,237,000 | 63467 |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange EUR/USD Expiring January 2026 with strike price of EUR 1.12 (Notional Value $19,102,628) | EUR 16,311,000 | 55838 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs International Foreign Exchange EUR/USD Expiring January 2026 with strike price of EUR 1.12 (Notional Value $9,460,550) | EUR 8,078,000 | 27847 |
| &nbsp;&nbsp;&nbsp;UBS AG Foreign Exchange USD/JPY Expiring November 2025 with strike price of $140.00 | USD 3,057,000 | 19090 |
| &nbsp;&nbsp;&nbsp;JPMorgan Chase Bank, N.A. Foreign Exchange USD/JPY Expiring May 2026 with strike price of $123.50 | USD 386,000 | 17064 |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange USD/JPY Expiring April 2026 with strike price of $2.63 | USD 858,000 | 15888 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs International Foreign Exchange USD/JPY Expiring November 2025 with strike price of $140.00 | USD 932,000 | 5820 |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $22,747,246) | EUR 19,423,000 | 452 |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $22,747,246) | EUR 19,423,000 | 452 |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $15,922,955) | EUR 13,596,000 | 344 |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $8,003,639) | EUR 6,834,000 | 173 |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $6,824,291) | EUR 5,827,000 | 147 |
| &nbsp;&nbsp;&nbsp;BNP Paribas Foreign Exchange EUR/USD Expiring November 2025 with strike price of EUR 1.01 (Notional Value $1,317,544) | EUR 1,125,000 | 28 |
| **Total OTC Options Purchased** | **Total OTC Options Purchased** |  |
| &nbsp;&nbsp;&nbsp;(Cost $2,101,129) |  | 603016 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Contracts/Notional**<br> **Value<sup>~</sup>** | **Value** |
| **OTC INTEREST RATE SWAPTIONS PURCHASED<sup>††,19</sup> - 0.1%** | **OTC INTEREST RATE SWAPTIONS PURCHASED<sup>††,19</sup> - 0.1%** | **OTC INTEREST RATE SWAPTIONS PURCHASED<sup>††,19</sup> - 0.1%** |
| **Call Swaptions on:** |  |  |
| **Interest Rate Swaptions** |  |  |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 9-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.50% (Notional Value $32,082,500) | USD 32,082,500 | $519207 |
| &nbsp;&nbsp;&nbsp;BNP Paribas 9-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.50% (Notional Value $32,082,500) | USD 32,082,500 | 519207 |
| &nbsp;&nbsp;&nbsp;The Toronto-Dominion Bank 9-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.50% (Notional Value $32,082,500) | USD 32,082,500 | 519207 |
| &nbsp;&nbsp;&nbsp;BNP Paribas 9-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.50% (Notional Value $32,082,500) | USD 32,082,500 | 519207 |
| **Total Interest Rate Call Swaptions** |  | 2076828 |
| **Put Swaptions on:** |  |  |
| **Interest Rate Swaptions** |  |  |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. 12-Month/2-Year Interest Rate Swap Expiring July 2027 with exercise rate of 3.50% (Notional Value $44,135,473) | USD 44,135,473 | 291351 |
| &nbsp;&nbsp;&nbsp;BNP Paribas 12-Month/2-Year Interest Rate Swap Expiring July 2027 with exercise rate of 3.50% (Notional Value $40,304,527) | USD 40,304,527 | 266061 |
| **Total Interest Rate Put Swaptions** |  | 557412 |
| **Total OTC Interest Rate Swaptions Purchased** | **Total OTC Interest Rate Swaptions Purchased** |  |
| &nbsp;&nbsp;&nbsp;(Cost $2,369,076) |  | 2634240 |
| **Total Investments - 114.9%** | **Total Investments - 114.9%** |  |
| &nbsp;&nbsp;&nbsp;(Cost $2,513,025,434) | &nbsp;&nbsp;&nbsp;(Cost $2,513,025,434) | $2472359391 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Contracts**<br>| **Value** |
| **LISTED OPTIONS WRITTEN<sup>†</sup> - (0.1)%** | **LISTED OPTIONS WRITTEN<sup>†</sup> - (0.1)%** | **LISTED OPTIONS WRITTEN<sup>†</sup> - (0.1)%** |
| **Call Options on:** |  |  |
| **Equity Options** |  |  |
| &nbsp;&nbsp;&nbsp; SPDR S&P 500 ETF Trust Expiring September 2025 with strike price of $645.00 (Notional Value $1,225,595) | 19 | $(14886) |
| &nbsp;&nbsp;&nbsp; S&P 500 Index Expiring September 2025 with strike price of $6,455.00 (Notional Value $25,841,040) | 40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18000) |
| &nbsp;&nbsp;&nbsp; S&P 500 Index Expiring September 2025 with strike price of $6,485.00 (Notional Value $2,584,104) | 4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(25980) |
| &nbsp;&nbsp;&nbsp; Russell 2000 Index Expiring September 2025 with strike price of $2,375.00 (Notional Value $2,603,060) | 11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(48455) |
| &nbsp;&nbsp;&nbsp; S&P 500 Index Expiring September 2025 with strike price of $6,450.00 (Notional Value $25,841,040) | 40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(94000) |
| &nbsp;&nbsp;&nbsp; S&P 500 Index Expiring September 2025 with strike price of $6,465.00 (Notional Value $25,841,040) | 40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(149000) |
| &nbsp;&nbsp;&nbsp; S&P 500 Index Expiring September 2025 with strike price of $6,505.00 (Notional Value $25,841,040) | 40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(150200) |
| &nbsp;&nbsp;&nbsp; S&P 500 Index Expiring September 2025 with strike price of $6,470.00 (Notional Value $25,841,040) | 40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(155000) |
| &nbsp;&nbsp;&nbsp; S&P 500 Index Expiring September 2025 with strike price of $6,485.00 (Notional Value $25,841,040) | 40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(174600) |
| &nbsp;&nbsp;&nbsp; S&P 500 Index Expiring September 2025 with strike price of $6,455.00 (Notional Value $25,841,040) | 40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(206000) |
| &nbsp;&nbsp;&nbsp; S&P 500 Index Expiring September 2025 with strike price of $6,450.00 (Notional Value $25,841,040) | 40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(234000) |
| &nbsp;&nbsp;&nbsp; S&P 500 Index Expiring September 2025 with strike price of $6,400.00 (Notional Value $25,841,040) | 40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(280400) |
| &nbsp;&nbsp;&nbsp; S&P 500 Index Expiring September 2025 with strike price of $6,385.00 (Notional Value $25,841,040) | 40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(347600) |
| &nbsp;&nbsp;&nbsp; S&P 500 Index Expiring September 2025 with strike price of $6,375.00 (Notional Value $25,841,040) | 40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(412800) |

---

---

| | |
|:---|:---|
| **Total Equity Call Options** | (2310921) |

---

---

| | | |
|:---|:---|:---|
| **Put Options on:** |  |  |
| **Equity Options** |  |  |
| &nbsp;&nbsp;&nbsp; S&P 500 Index<br> Expiring September 2025 with strike price of $6,455.00 (Notional Value $25,841,010)<sup>††</sup> | 40.0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(268000) |
| &nbsp;&nbsp;&nbsp; Invesco QQQ Trust Series Expiring October 2025 with strike price of $515.00 (Notional Value $62,572,880) | 1097.0 | &nbsp;&nbsp;&nbsp;&nbsp;(337876) |

---

---

| | |
|:---|:---|
| **Total Equity Put Options** | (605876) |

---

---

| | |
|:---|:---|
| **Total Listed Options Written** |  |
| &nbsp;&nbsp;&nbsp;(Premiums received $3,458,385) | &nbsp;&nbsp;&nbsp;&nbsp;(2916797) |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Contracts/Notional**<br> **Value<sup>~</sup>** | **Value** |
| **OTC OPTIONS WRITTEN<sup>††</sup> - 0.0%** | **OTC OPTIONS WRITTEN<sup>††</sup> - 0.0%** | **OTC OPTIONS WRITTEN<sup>††</sup> - 0.0%** |
| **Put Options on:** |  |  |
| **Foreign Exchange Options** |  |  |
| &nbsp;&nbsp;&nbsp;Goldman Sachs International Foreign Exchange USD/JPY Expiring November 2025 with strike price of $130.00 | USD 932,000 | $(768) |
| &nbsp;&nbsp;&nbsp;UBS AG Foreign Exchange USD/JPY Expiring November 2025 with strike price of $130.00 | USD 3,057,000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2519) |
| &nbsp;&nbsp;&nbsp;UBS AG Foreign Exchange USD/JPY Expiring November 2025 with strike price of $130.00 | USD 10,190,000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8397) |
| **Total OTC Options Written** | **Total OTC Options Written** |  |
| &nbsp;&nbsp;&nbsp;(Premiums received $111,964) |  | &nbsp;&nbsp;&nbsp;&nbsp;(11684) |
| **OTC INTEREST RATE SWAPTIONS WRITTEN<sup>††,19</sup> - (0.1)%** | **OTC INTEREST RATE SWAPTIONS WRITTEN<sup>††,19</sup> - (0.1)%** | **OTC INTEREST RATE SWAPTIONS WRITTEN<sup>††,19</sup> - (0.1)%** |
| **Call Swaptions on:** |  |  |
| **Interest Rate Swaptions** |  |  |
| &nbsp;&nbsp;&nbsp;BNP Paribas 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 2.85% (Notional Value $10,090,625) | USD 10,090,625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(40557) |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 2.85% (Notional Value $10,090,625) | USD 10,090,625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(40658) |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 2.86% (Notional Value $10,090,625) | USD 10,090,625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(41365) |
| &nbsp;&nbsp;&nbsp;BNP Paribas 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 2.89% (Notional Value $10,090,625) | USD 10,090,625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(46324) |
| &nbsp;&nbsp;&nbsp;Barclays Bank plc <br> 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 2.93% (Notional Value $10,090,625) | USD 10,090,625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(50127) |
| &nbsp;&nbsp;&nbsp;The Toronto-Dominion Bank 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 2.93% (Notional Value $10,090,625) | USD 10,090,625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(50609) |
| &nbsp;&nbsp;&nbsp;Barclays Bank plc <br> 1-Year/2-Year Interest Rate Swap Expiring August 2026 with exercise rate of 2.71% (Notional Value $10,090,625) | USD 10,090,625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(43306) |
| &nbsp;&nbsp;&nbsp;BNP Paribas 1-Year/2-Year Interest Rate Swap Expiring August 2026 with exercise rate of 2.71% (Notional Value $10,090,625) | USD 10,090,625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(43306) |
| &nbsp;&nbsp;&nbsp;BNP Paribas 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 2.94% (Notional Value $10,090,625) | USD 10,090,625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(51627) |
| &nbsp;&nbsp;&nbsp;The Toronto-Dominion Bank 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 2.94% (Notional Value $10,090,625) | USD 10,090,625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(51627) |
| &nbsp;&nbsp;&nbsp;BNP Paribas 1-Year/2-Year Interest Rate Swap Expiring August 2026 with exercise rate of 2.64% (Notional Value $14,126,875) | USD 14,126,875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(54056) |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring August 2026 with exercise rate of 2.64% (Notional Value $14,126,875) | USD 14,126,875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(54056) |
| &nbsp;&nbsp;&nbsp;The Toronto-Dominion Bank 1-Year/2-Year Interest Rate Swap Expiring August 2026 with exercise rate of 2.69% (Notional Value $16,145,000) | USD 16,145,000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(66183) |
| &nbsp;&nbsp;&nbsp;BNP Paribas 1-Year/2-Year Interest Rate Swap Expiring August 2026 with exercise rate of 2.69% (Notional Value $16,145,000) | USD 16,145,000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(66183) |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 9-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.00% (Notional Value $32,082,500) | USD 32,082,500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(177938) |
| &nbsp;&nbsp;&nbsp;BNP Paribas 9-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.00% (Notional Value $32,082,500) | USD 32,082,500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(177938) |
| &nbsp;&nbsp;&nbsp;The Toronto-Dominion Bank 9-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.00% (Notional Value $32,082,500) | USD 32,082,500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(177939) |
| &nbsp;&nbsp;&nbsp;BNP Paribas 9-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.00% (Notional Value $32,082,500) | USD 32,082,500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(177939) |
| **Total Interest Rate Call Swaptions** |  | (1411738) |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
| **OTC INTEREST RATE SWAPTIONS WRITTEN<sup>††,19</sup> - (0.1)% (continued)** | **OTC INTEREST RATE SWAPTIONS WRITTEN<sup>††,19</sup> - (0.1)% (continued)** | **OTC INTEREST RATE SWAPTIONS WRITTEN<sup>††,19</sup> - (0.1)% (continued)** |
| **Put Swaptions on:** |  |  |
| **Interest Rate Swaptions** |  |  |
| &nbsp;&nbsp;&nbsp;The Toronto-Dominion Bank 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.93% (Notional Value $10,090,625) | USD 10,090,625 | $(19279) |
| &nbsp;&nbsp;&nbsp;Barclays Bank plc <br> 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.93% (Notional Value $10,090,625) | USD 10,090,625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19499) |
| &nbsp;&nbsp;&nbsp;BNP Paribas 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.89% (Notional Value $10,090,625) | USD 10,090,625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(21700) |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.86% (Notional Value $10,090,625) | USD 10,090,625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(22221) |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.85% (Notional Value $10,090,625) | USD 10,090,625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(22674) |
| &nbsp;&nbsp;&nbsp;BNP Paribas 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.85% (Notional Value $10,090,625) | USD 10,090,625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(22739) |
| &nbsp;&nbsp;&nbsp;BNP Paribas 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.94% (Notional Value $10,090,625) | USD 10,090,625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18518) |
| &nbsp;&nbsp;&nbsp;The Toronto-Dominion Bank 6-Month/5-Year Interest Rate Swap Expiring February 2026 with exercise rate of 3.94% (Notional Value $10,090,625) | USD 10,090,625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18518) |
| &nbsp;&nbsp;&nbsp;Barclays Bank plc <br> 1-Year/2-Year Interest Rate Swap Expiring August 2026 with exercise rate of 3.71% (Notional Value $10,090,625) | USD 10,090,625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(22763) |
| &nbsp;&nbsp;&nbsp;BNP Paribas 1-Year/2-Year Interest Rate Swap Expiring August 2026 with exercise rate of 3.71% (Notional Value $10,090,625) | USD 10,090,625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(22763) |
| &nbsp;&nbsp;&nbsp;BNP Paribas 1-Year/2-Year Interest Rate Swap Expiring August 2026 with exercise rate of 3.64% (Notional Value $14,126,875) | USD 14,126,875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(35485) |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 1-Year/2-Year Interest Rate Swap Expiring August 2026 with exercise rate of 3.64% (Notional Value $14,126,875) | USD 14,126,875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(35485) |
| &nbsp;&nbsp;&nbsp;The Toronto-Dominion Bank 1-Year/2-Year Interest Rate Swap Expiring August 2026 with exercise rate of 3.69% (Notional Value $16,145,000) | USD 16,145,000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(37448) |
| &nbsp;&nbsp;&nbsp;BNP Paribas 1-Year/2-Year Interest Rate Swap Expiring August 2026 with exercise rate of 3.69% (Notional Value $16,145,000) | USD 16,145,000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(37448) |
| &nbsp;&nbsp;&nbsp;BNP Paribas 12-Month/2-Year Interest Rate Swap Expiring July 2027 with exercise rate of 4.25% (Notional Value $40,304,527) | USD 40,304,527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(116052) |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. 12-Month/2-Year Interest Rate Swap Expiring July 2027 with exercise rate of 4.25% (Notional Value $44,135,473) | USD 44,135,473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(127083) |
| **Total Interest Rate Put Swaptions** |  | (599675) |
| **Total OTC Interest Rate Swaptions Written** | **Total OTC Interest Rate Swaptions Written** |  |
| &nbsp;&nbsp;&nbsp;(Premiums received $2,170,550) |  | &nbsp;&nbsp;&nbsp;&nbsp;(2011413) |
| **Other Assets & Liabilities, net - (14.7)%** | **Other Assets & Liabilities, net - (14.7)%** | &nbsp;&nbsp;&nbsp;&nbsp;(315959340) |
| **Total Net Assets - 100.0%** | **Total Net Assets - 100.0%** | $2151460157 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Futures Contracts** | **Futures Contracts** | | | |
| **Description** | **Number of Contracts** | <br>**Expiration Date** | <br>**Notional Amount** | <br>**Value and Unrealized<br> Appreciation<sup>\*\*</sup>** |
| **Equity Futures Contracts Purchased<sup>†</sup>** | **Equity Futures Contracts Purchased<sup>†</sup>** | **Equity Futures Contracts Purchased<sup>†</sup>** | **Equity Futures Contracts Purchased<sup>†</sup>** |  |
| S&P 500 Index Mini Futures Contracts | 1038 | Sep 2025 | $336065475 | $20065252 |
| **Commodity Futures Contracts Purchased<sup>†</sup>** | **Commodity Futures Contracts Purchased<sup>†</sup>** | **Commodity Futures Contracts Purchased<sup>†</sup>** | **Commodity Futures Contracts Purchased<sup>†</sup>** |  |
| Gold 100 oz. Futures Contracts | 16 | Dec 2025 | 5625600 | 211171 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **OTC Credit Default Swap Agreements Protection Purchased<sup>††</sup>** | **OTC Credit Default Swap Agreements Protection Purchased<sup>††</sup>** | **OTC Credit Default Swap Agreements Protection Purchased<sup>††</sup>** | **OTC Credit Default Swap Agreements Protection Purchased<sup>††</sup>** | **OTC Credit Default Swap Agreements Protection Purchased<sup>††</sup>** | **OTC Credit Default Swap Agreements Protection Purchased<sup>††</sup>** | | | |
| **Counterparty** | **Index** | **Protection Premium Rate** | **Payment Frequency** | **Maturity Date** | **Notional Amount** | <br>**Value** | <br>**Upfront Premiums**<br> **(Received)** | <br>**Unrealized Depreciation** |
| Morgan Stanley Capital Services LLC | CDX.NA.HY.43.V1 (15-25%) | 5.00% | Quarterly | 12/20/29 | $6610000 | $(530867) | $(361613) | $(169254) |
| Morgan Stanley Capital Services LLC | CDX.NA.HY.43.V1 (25-35%) | 5.00% | Quarterly | 12/20/29 | 6610000 | (1037002) | (864395) | (172607) |
|  |  |  |  |  |  | $(1567869) | $(1226008) | $(341861) |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | | |
| **Counterparty** | **Floating Rate Type** | **Floating**<br> **Rate**<br> **Index** | **Fixed Rate** | **Payment**<br> **Frequency** | **Maturity Date** | **Notional Amount** | **Value** | <br>**Upfront Premiums Paid** | <br>**Unrealized Depreciation<sup>\*\*</sup>** |
| BofA Securities, Inc. CME | Receive | U.S. Secured Overnight Financing Rate | 4.05% | Annually | 01/31/30 | $24060000 | $(722822) | $360 | $(723182) |
| BofA Securities, Inc. CME | Pay | U.S. Secured Overnight Financing Rate | 2.78% | Annually | 07/18/27 | 143900000 | (1732907) | 355 | (1733262) |
|  |  |  |  |  |  |  | $(2455729) | $715 | $(2456444) |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total Return Swap Agreements** | **Total Return Swap Agreements** | **Total Return Swap Agreements** | **Total Return Swap Agreements** | | | | | |
| **Counterparty** | **Index** | **Type** | **Financing Rate** | <br>**Payment Frequency** | <br>**Maturity Date** | <br>**Units** | <br>**Notional Amount** | <br>**Value and Unrealized Appreciation (Depreciation)** |
| **OTC Credit Index Swap Agreements<sup>††</sup>** | **OTC Credit Index Swap Agreements<sup>††</sup>** | **OTC Credit Index Swap Agreements<sup>††</sup>** | **OTC Credit Index Swap Agreements<sup>††</sup>** |  |  |  |  |  |
| Morgan Stanley Capital Services LLC | Markit iBoxx USD Liquid Leveraged Loans Total Return Index | Pay | 4.36% (SOFR) | At Maturity | 09/20/25 | N/A | $35000000 | $1023308 |
| **OTC Equity Index Swap Agreements<sup>††</sup>** | **OTC Equity Index Swap Agreements<sup>††</sup>** | **OTC Equity Index Swap Agreements<sup>††</sup>** | **OTC Equity Index Swap Agreements<sup>††</sup>** |  |  |  |  |  |
| Bank of America, N.A. | SPDR S&P 500 ETF Trust | Pay | 4.94% (Federal Funds Rate + 0.61%) | At Maturity | 06/16/26 | 100000 | 64505000 | 5085000 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Index** | **Type** | **Financing Rate** | **Payment Frequency** | **Maturity Date** | **Units** | **Notional Amount** | **Value and Unrealized Appreciation (Depreciation)** |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **OTC Interest Rate Swap Agreements<sup>††</sup>** | **OTC Interest Rate Swap Agreements<sup>††</sup>** | **OTC Interest Rate Swap Agreements<sup>††</sup>** |  |  |  |  |  |
| Goldman Sachs International | Goldman Sachs Swaption Forward Volatility Index | 3.33% (Federal Funds Rate - 1.00%) | At Maturity | 05/15/26 | 68228 | $10440937 | $(141232) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | | |
| **Counterparty** | **Currency** | **Type** | **Quantity** | **Contract Amount** | <br>**Settlement Date** | <br>**Unrealized Appreciation (Depreciation)** |
| Toronto-Dominion Bank | EUR | Sell | 223132000 | 261,727,981 USD | 09/16/25 | $444330 |
| Morgan Stanley Capital Services LLC | GBP | Sell | 32200000 | 43,697,911 USD | 09/16/25 | 172985 |
| Morgan Stanley Capital Services LLC | EUR | Sell | 2050000 | 2,403,771 USD | 09/16/25 | 3258 |
| Morgan Stanley Capital Services LLC | EUR | Buy | 175000 | 203,798 USD | 09/16/25 | 1124 |
| Toronto-Dominion Bank | GBP | Buy | 90000 | 121,307 USD | 09/16/25 | 347 |
| Toronto-Dominion Bank | EUR | Sell | 73000 | 85,844 USD | 10/15/25 | 201 |
| Citibank, N.A. | CAD | Buy | 56000 | 40,615 USD | 09/16/25 | 199 |
| Morgan Stanley Capital Services LLC | EUR | Sell | 175000 | 205,457 USD | 10/15/25 | 148 |
| Barclays Bank plc | EUR | Sell | 88000 | 102,732 USD | 10/15/25 | (509) |
| Nomura Global Financial Products, Inc. | EUR | Sell | 2653000 | 3,105,512 USD | 09/16/25 | (1105) |
| JPMorgan Chase Bank, N.A. | CAD | Sell | 3520000 | 2,560,556 USD | 09/16/25 | (4894) |
| JPMorgan Chase Bank, N.A. | EUR | Sell | 2145000 | 2,503,893 USD | 09/16/25 | (7865) |
|  |  |  |  |  |  | $608219 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **OTC Interest Rate Swaptions Purchased** | **OTC Interest Rate Swaptions Purchased** | **OTC Interest Rate Swaptions Purchased** | **OTC Interest Rate Swaptions Purchased** | **OTC Interest Rate Swaptions Purchased** | **OTC Interest Rate Swaptions Purchased** | **OTC Interest Rate Swaptions Purchased** | **OTC Interest Rate Swaptions Purchased** | |
| **Counterparty/Description** | **Floating Rate Type** | **Floating Rate Index** | **Payment Frequency** | **Fixed Rate** | **Expiration Date** | **Exercise Rate** | **Swaption Notional Amount** | <br>**Swaption Value** |
| **Call** |  |  |  |  |  |  |  |  |
| BNP Paribas<br> 9-Month/5-Year Interest Rate Swap | Pay | 12 Month Term SOFR | Annual | 3.50% | 02/13/26 | 3.50% | $32082500 | $519207 |
| BNP Paribas<br> 9-Month/5-Year Interest Rate Swap | Pay | 12 Month Term SOFR | Annual | 3.50% | 02/13/26 | 3.50% | 32082500 | 519207 |
| Morgan Stanley Capital Services LLC<br> 9-Month/5-Year Interest Rate Swap | Pay | 12 Month Term SOFR | Annual | 3.50% | 02/13/26 | 3.50% | 32082500 | 519207 |
| The Toronto-Dominion Bank<br> 9-Month/5-Year Interest Rate Swap | Pay | 12 Month Term SOFR | Annual | 3.50% | 02/13/26 | 3.50% | 32082500 | 519207 |
|  |  |  |  |  |  |  |  | $2076828 |
| **Put** |  |  |  |  |  |  |  |  |
| Bank of America, N.A.<br> 12-Month/2-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.50% | 07/12/27 | 3.50% | $44135473 | $291351 |
| BNP Paribas<br> 12-Month/2-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.50% | 07/12/27 | 3.50% | 40304527 | 266061 |
|  |  |  |  |  |  |  |  | $557412 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **OTC Interest Rate Swaptions Written** | **OTC Interest Rate Swaptions Written** | **OTC Interest Rate Swaptions Written** | **OTC Interest Rate Swaptions Written** | **OTC Interest Rate Swaptions Written** | **OTC Interest Rate Swaptions Written** | **OTC Interest Rate Swaptions Written** | **OTC Interest Rate Swaptions Written** | |
| **Counterparty/Description** | **Floating Rate Type** | **Floating Rate Index** | **Payment Frequency** | **Fixed Rate** | **Expiration Date** | **Exercise Rate** | **Swaption Notional Amount** | <br>**Swaption Value** |
| **Call** |  |  |  |  |  |  |  |  |
| BNP Paribas<br> 6-Month/5-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 2.85% | 02/13/26 | 2.85% | $10090625 | $(40557) |
| Morgan Stanley Capital Services LLC<br> 6-Month/5-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 2.85% | 02/13/26 | 2.85% | 10090625 | (40658) |
| Morgan Stanley Capital Services LLC<br> 6-Month/5-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 2.86% | 02/13/26 | 2.86% | 10090625 | (41365) |
| BNP Paribas<br> 1-Year/2-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 2.71% | 08/19/26 | 2.71% | 10090625 | (43306) |
| Barclays Bank plc<br> 1-Year/2-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 2.71% | 08/19/26 | 2.71% | 10090625 | (43306) |
| BNP Paribas<br> 6-Month/5-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 2.89% | 02/20/26 | 2.89% | 10090625 | (46324) |
| Barclays Bank plc<br> 6-Month/5-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 2.93% | 02/19/26 | 2.93% | 10090625 | (50127) |
| The Toronto-Dominion Bank<br> 6-Month/5-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 2.93% | 02/19/26 | 2.93% | 10090625 | (50609) |
| BNP Paribas<br> 6-Month/5-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 2.94% | 02/18/26 | 2.94% | 10090625 | (51627) |
| The Toronto-Dominion Bank<br> 6-Month/5-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 2.94% | 02/18/26 | 2.94% | 10090625 | (51627) |
| Morgan Stanley Capital Services LLC<br> 1-Year/2-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 2.64% | 08/13/26 | 2.64% | 14126875 | (54056) |
| BNP Paribas<br> 1-Year/2-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 2.64% | 08/13/26 | 2.64% | 14126875 | (54056) |
| The Toronto-Dominion Bank<br> 1-Year/2-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 2.69% | 08/14/26 | 2.69% | 16145000 | (66183) |
| BNP Paribas<br> 1-Year/2-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 2.69% | 08/14/26 | 2.69% | 16145000 | (66183) |
| Morgan Stanley Capital Services LLC<br> 9-Month/5-Year Interest Rate Swap | Receive | 12 Month Term SOFR | Annual | 3.00% | 02/13/26 | 3.00% | 32082500 | (177938) |
| BNP Paribas<br> 9-Month/5-Year Interest Rate Swap | Receive | 12 Month Term SOFR | Annual | 3.00% | 02/13/26 | 3.00% | 32082500 | (177938) |
| The Toronto-Dominion Bank<br> 9-Month/5-Year Interest Rate Swap | Receive | 12 Month Term SOFR | Annual | 3.00% | 02/13/26 | 3.00% | 32082500 | (177939) |
| BNP Paribas<br> 9-Month/5-Year Interest Rate Swap | Receive | 12 Month Term SOFR | Annual | 3.00% | 02/13/26 | 3.00% | 32082500 | (177939) |
|  |  |  |  |  |  |  |  | $(1411738) |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Put** |  |  |  |  |  |  |  |  |
| BNP Paribas<br> 6-Month/5-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.94% | 02/18/26 | 3.94% | 10090625 | (18518) |
| The Toronto-Dominion Bank<br> 6-Month/5-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.94% | 02/18/26 | 3.94% | 10090625 | (18518) |
| The Toronto-Dominion Bank<br> 6-Month/5-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.93% | 02/19/26 | 3.93% | 10090625 | (19279) |
| Barclays Bank plc<br> 6-Month/5-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.93% | 02/19/26 | 3.93% | 10090625 | (19499) |
| BNP Paribas<br> 6-Month/5-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.89% | 02/20/26 | 3.89% | 10090625 | (21700) |
| Morgan Stanley Capital Services LLC<br> 6-Month/5-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.86% | 02/13/26 | 3.86% | 10090625 | (22221) |
| Morgan Stanley Capital Services LLC<br> 6-Month/5-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.85% | 02/13/26 | 3.85% | 10090625 | (22674) |
| BNP Paribas<br> 6-Month/5-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.85% | 02/13/26 | 3.85% | 10090625 | (22739) |
| Barclays Bank plc<br> 1-Year/2-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.71% | 08/19/26 | 3.71% | 10090625 | (22763) |
| BNP Paribas<br> 1-Year/2-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.71% | 08/19/26 | 3.71% | 10090625 | (22763) |
| BNP Paribas<br> 1-Year/2-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.64% | 08/13/26 | 3.64% | 14126875 | (35485) |
| Morgan Stanley Capital Services LLC<br> 1-Year/2-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.64% | 08/13/26 | 3.64% | 14126875 | (35485) |
| The Toronto-Dominion Bank<br> 1-Year/2-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.69% | 08/14/26 | 3.69% | 16145000 | (37448) |
| BNP Paribas<br> 1-Year/2-Year Interest Rate Swap | Pay | 12 Month SOFR | Annual | 3.69% | 08/14/26 | 3.69% | 16145000 | (37448) |
| BNP Paribas<br> 12-Month/2-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 4.25% | 07/12/27 | 4.25% | 40304527 | (116052) |
| Bank of America, N.A.<br> 12-Month/2-Year Interest Rate Swap | Receive | 12 Month SOFR | Annual | 4.25% | 07/12/27 | 4.25% | 44135473 | (127083) |
|  |  |  |  |  |  |  |  | $(599675) |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | |
|:---|:---|
| *~* | *The face amount is denominated in U.S. dollars unless otherwise indicated.* |
| *\** | *Non-income producing security.* |
| *\*\** | *Includes cumulative appreciation (depreciation).* |
| *\*\*\** | *A copy of each underlying unaffiliated fund's financial statements is available at the SEC's website at www.sec.gov.<br>*  |
| *†* | *Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.* |
| *††* | *Value determined based on Level 2 inputs, unless otherwise noted — See Note 3.* |
| *†††* | *Value determined based on Level 3 inputs — See Note 3.* |
| *◊* | *Variable rate security. Rate indicated is the rate effective at August 31, 2025. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.* |
| *1* | *All or a portion of these securities have been physically segregated in connection with borrowings, options, reverse repurchase agreements and unfunded loan commitments. As of August 31, 2025, the total value of segregated securities was $460,141,273.* |
| *2* | *Security is a 144A or Section 4(a)(2) security. These securities have been determined to be illiquid and restricted under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) illiquid and restricted securities is $793,572 (cost $3,979,484), or less than 0.1% of total net assets — See Note 6.* |
| *3* | *Special Purpose Acquisition Company (SPAC).* |
| *4* | *Affiliated issuer.* |
| *5* | *Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) securities is $941,767,091 (cost $953,386,476), or 43.8% of total net assets.* |
| *6* | *Rate indicated is the 7-day yield as of August 31, 2025.* |
| *7* | *Variable rate security. Rate indicated is the rate effective at August 31, 2025. The rate is linked to the volatility-adjusted performance of the series 1 securities due 2069 of the underlying company, Alphas Managed Accounts Platform LXXIX Limited.* |
| *8* | *Perpetual maturity.* |
| *9* | *Security has a fixed rate coupon which will convert to a floating or variable rate coupon on a future date.* |
| *10* | *Security is in default of interest and/or principal obligations.* |
| *11* | *Payment-in-kind security.* |
| *12* | *Security has no stated coupon. However, it is expected to receive residual cash flow payments on defined deal dates.* |
| *13* | *Security is a step up/down bond. The coupon increases or decreases at regular intervals until the bond reaches full maturity. Rate indicated is the rate at August 31, 2025. See table below for additional step information for each security.* |
| *14* | *Security is an interest-only strip.* |
| *15* | *Rate indicated is the effective yield at the time of purchase.* |
| *16* | *Zero coupon rate security.* |
| *17* | *Security is a principal-only strip.* |
| *18* | *All or a portion of this security is pledged as futures collateral at August 31, 2025.* |
| *19* | *Swaptions - See additional disclosure in the swaptions table above for more information on swaptions.* |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | |
|:---|:---|
|  | *BofA — Bank of America* |
|  | *CAD — Canadian Dollar* |
| | *CDX.NA.HY.43.V1 (15-25%) — Credit Default Swap North American High Yield Series 43 Index Version 1* |
|  | *CDX.NA.HY.43.V1 (25-35%) — Credit Default Swap North American High Yield Series 43 Index Version 1* |
|  | *CME — Chicago Mercantile Exchange* |
|  | *EUR — Euro* |
|  | *EURIBOR — European Interbank Offered Rate* |
|  | *GBP — British Pound* |
|  | *LIBOR — London Interbank Offered Rate* |
|  | *plc — Public Limited Company* |
|  | *PPV — Public-Private Venture* |
|  | *REIT — Real Estate Investment Trust* |
|  | *SARL — Société à Responsabilité Limitée* |
|  | *SOFR — Secured Overnight Financing Rate* |
|  | *SONIA — Sterling Overnight Index Average* |
|  | *WAC — Weighted Average Coupon* |
| *See Sector Classification in Other Information section.* | *See Sector Classification in Other Information section.* |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| The following table summarizes the inputs used to value the Fund's investments at August 31, 2025 (See Note 3 in the Notes to Schedule of Investments): | The following table summarizes the inputs used to value the Fund's investments at August 31, 2025 (See Note 3 in the Notes to Schedule of Investments): | The following table summarizes the inputs used to value the Fund's investments at August 31, 2025 (See Note 3 in the Notes to Schedule of Investments): | The following table summarizes the inputs used to value the Fund's investments at August 31, 2025 (See Note 3 in the Notes to Schedule of Investments): | The following table summarizes the inputs used to value the Fund's investments at August 31, 2025 (See Note 3 in the Notes to Schedule of Investments): |
| **Investments in Securities (Assets)** | **Level 1**<br> **Quoted**<br> **Prices**  | **Level 2**<br> **Significant**<br> **Observable**<br> **Inputs**  | **Level 3**<br> **Significant**<br> **Unobservable**<br> **Inputs**  | **Total** |
| Common Stocks | $9009334 | $3189647 | $19184972 | $31383953 |
| Preferred Stocks | &nbsp;&nbsp;&nbsp;&nbsp;34193651 | 60880272 | 11304112 | 106378035 |
| Warrants | 349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 43 | 392 |
| Rights | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Exchange-Traded Funds | 69525528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 69525528 |
| Closed-End Funds | 20834120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 20834120 |
| Money Market Funds | 49881609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 49881609 |
| Private Fund | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;2503111 | &nbsp;&nbsp;&nbsp;&nbsp;2503111 |
| Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 746039331 | 54805369 | 800844700 |
| Senior Floating Rate Interests | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 654787248 | 111898031 | 766685279 |
| Asset-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 310889804 | 104664141 | 415553945 |
| Collateralized Mortgage Obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 151539496 | 2499707 | 154039203 |
| U.S. Government Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 38864226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 38864226 |
| Foreign Government Debt | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 5503555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 5503555 |
| Senior Fixed Rate Interests | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 3023224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 3023224 |
| Convertible Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 2740548 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 2740548 |
| Municipal Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 392132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 392132 |
| Options Purchased | 968575 | 603016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 1571591 |
| Interest Rate Swaptions Purchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 2634240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 2634240 |
| Equity Futures Contracts\*\* | 20065252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 20065252 |
| Commodity Futures Contracts\*\* | 211171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 211171 |
| Forward Foreign Currency Exchange Contracts\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 622592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 622592 |
| Equity Index Swap Agreements\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 5085000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 5085000 |
| Credit Index Swap Agreements\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 1023308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 1023308 |
| Total Assets | $204689589 | $1987817639 | $306859486 | $2499366714 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities (Liabilities)** | **Level 1**<br> **Quoted**<br> **Prices**  | **Level 2**<br> **Significant**<br> **Observable**<br> **Inputs**  | **Level 3**<br> **Significant**<br> **Unobservable**<br> **Inputs**  | **Total** |
| Options Written | $2648797 | $279684 | &nbsp;&nbsp;&nbsp;&nbsp;$— | $2928481 |
| Interest Rate Swaptions Written | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 2011413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 2011413 |
| Credit Default Swap Agreements\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 341861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 341861 |
| Interest Rate Swap Agreements\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 2597676 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 2597676 |
| Forward Foreign Currency Exchange Contracts\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 14373 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 14373 |
| Unfunded Loan Commitments (Note 5) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 448287 | 448287 |
| Total Liabilities | $2648797 | $5245007 | $448287 | $8342091 |
| \* Security has a market value of $0. | \* Security has a market value of $0. | \* Security has a market value of $0. | \* Security has a market value of $0. | \* Security has a market value of $0. |
| \*\* This derivative is reported as unrealized appreciation/depreciation at period end. | \*\* This derivative is reported as unrealized appreciation/depreciation at period end. | \*\* This derivative is reported as unrealized appreciation/depreciation at period end. | \*\* This derivative is reported as unrealized appreciation/depreciation at period end. | \*\* This derivative is reported as unrealized appreciation/depreciation at period end. |
| Please refer to the detailed Schedule of Investments for a breakdown of investment type by industry category. | Please refer to the detailed Schedule of Investments for a breakdown of investment type by industry category. | Please refer to the detailed Schedule of Investments for a breakdown of investment type by industry category. | Please refer to the detailed Schedule of Investments for a breakdown of investment type by industry category. | Please refer to the detailed Schedule of Investments for a breakdown of investment type by industry category. |
| The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of the period end, reverse repurchase agreements of $287,635,982 are categorized as Level 2 within the disclosure hierarchy — See Note 2. | The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of the period end, reverse repurchase agreements of $287,635,982 are categorized as Level 2 within the disclosure hierarchy — See Note 2. | The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of the period end, reverse repurchase agreements of $287,635,982 are categorized as Level 2 within the disclosure hierarchy — See Note 2. | The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of the period end, reverse repurchase agreements of $287,635,982 are categorized as Level 2 within the disclosure hierarchy — See Note 2. | The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of the period end, reverse repurchase agreements of $287,635,982 are categorized as Level 2 within the disclosure hierarchy — See Note 2. |
| <br> The following is a summary of significant unobservable inputs used in the fair valuation of assets and liabilities categorized within Level 3 of the fair value hierarchy:  | <br> The following is a summary of significant unobservable inputs used in the fair valuation of assets and liabilities categorized within Level 3 of the fair value hierarchy:  | <br> The following is a summary of significant unobservable inputs used in the fair valuation of assets and liabilities categorized within Level 3 of the fair value hierarchy:  | <br> The following is a summary of significant unobservable inputs used in the fair valuation of assets and liabilities categorized within Level 3 of the fair value hierarchy:  | <br> The following is a summary of significant unobservable inputs used in the fair valuation of assets and liabilities categorized within Level 3 of the fair value hierarchy:  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Category** | **Ending <br> Balance at <br> August 31, 2025**  | **Valuation Technique** | **Unobservable Inputs** | **Input Range** | **Weighted Average\*** |
| **Assets:** |  |  |  |  |  |
| Asset-Backed Securities | $59319095 | &nbsp;&nbsp;&nbsp;&nbsp;Yield Analysis | Yield | 4.3%-13.0% | 7.1% |
| Asset-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;39454553 | &nbsp;&nbsp;&nbsp;&nbsp;Option adjusted spread off prior month end broker quote | Broker Quote |  |  |
| Asset-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3567008 | &nbsp;&nbsp;&nbsp;&nbsp;Third Party Pricing | Broker Quote |  |  |
| Asset-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2095965 | &nbsp;&nbsp;&nbsp;&nbsp;Third Party Pricing | Trade Price |  |  |
| Asset-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;227520 | &nbsp;&nbsp;&nbsp;&nbsp;Third Party Pricing | Vendor Price |  |  |
| Collateralized Mortgage Obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2499707 | &nbsp;&nbsp;&nbsp;&nbsp;Option adjusted spread off prior month end broker quote | Broker Quote |  |  |
| Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp;18089370 | &nbsp;&nbsp;&nbsp;&nbsp;Model Price | Purchase Price |  |  |
| Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1040480 | &nbsp;&nbsp;&nbsp;&nbsp;Enterprise Value | Valuation Multiple | 2.6x-8.6x | 5.3x |
| Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55122 | &nbsp;&nbsp;&nbsp;&nbsp;Model Price | Liquidation Value |  |  |
| Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;28830220 | &nbsp;&nbsp;&nbsp;&nbsp;Third Party Pricing | Broker Quote |  |  |
| Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;25374121 | &nbsp;&nbsp;&nbsp;&nbsp;Option adjusted spread off prior month end broker quote | Broker Quote |  |  |
| Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | &nbsp;&nbsp;&nbsp;&nbsp;Model Price | Purchase Price |  |  |
| Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;601025 | &nbsp;&nbsp;&nbsp;&nbsp;Third Party Pricing | Trade Price |  |  |
| Private Fund | 2503111 | &nbsp;&nbsp;&nbsp;&nbsp;Model Price | Purchase Price |  |  |
| Preferred Stocks | &nbsp;&nbsp;&nbsp;&nbsp;10205700 | &nbsp;&nbsp;&nbsp;&nbsp;Yield Analysis | Yield | 5.8% |  |
| Preferred Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1098412 | &nbsp;&nbsp;&nbsp;&nbsp;Model Price | Purchase Price |  |  |
| Senior Floating Rate Interests | &nbsp;&nbsp;&nbsp;&nbsp;60552059 | &nbsp;&nbsp;&nbsp;&nbsp;Model Price | Purchase Price |  |  |
| Senior Floating Rate Interests | &nbsp;&nbsp;&nbsp;&nbsp;25085223 | &nbsp;&nbsp;&nbsp;&nbsp;Yield Analysis | Yield | 9.8%-15.4% | 10.5% |
| Senior Floating Rate Interests | &nbsp;&nbsp;&nbsp;&nbsp;21484098 | &nbsp;&nbsp;&nbsp;&nbsp;Third Party Pricing | Broker Quote |  |  |
| Senior Floating Rate Interests | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4776651 | &nbsp;&nbsp;&nbsp;&nbsp;Model Price | Liquidation Value |  |  |
| Warrants | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43 | &nbsp;&nbsp;&nbsp;&nbsp;Model Price | Liquidation Value |  |  |
| Total Assets | $306859486 |  |  |  |  |
| **Liabilities:** |  |  |  |  |  |
| Unfunded Loan Commitments | $448287 | &nbsp;&nbsp;&nbsp;&nbsp;Model Price | Purchase Price |  |  |

---

\* Inputs are weighted by the fair value of the instruments.

Significant changes in a quote, yield, liquidation value or valuation multiple would generally result in significant changes in the fair value of the security.

The Fund's fair valuation leveling guidelines classify a single daily broker quote, or a vendor price based on a single daily or monthly broker quote, as Level 3, if such a quote or price cannot be supported with other available market information.

Transfers between Level 2 and Level 3 may occur as markets fluctuate and/or the availability of data used in an investment's valuation changes. For the period ended August 31, 2025, the Fund had securities with a total value of $10,212,059 transfer into Level 3 from Level 2 due to a lack of observable inputs and had securities with a total value of $12,430,170 transfer out of Level 3 into Level 2 due to the availability of current and reliable market-based data provided by a third-party pricing service which utilizes significant observable inputs.

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| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

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**Summary of Fair Value Level 3 Activity**

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value for the period ended August 31, 2025:

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Assets** | **Assets** | **Assets** | **Assets** | **Assets** | **Assets** | **Assets** | | | | **Liabilities** |
|  | **Asset-Backed Securities** | **Collateralized Mortgage Obligations** | **Corporate Bonds** | **Senior Floating Rate Interests** | **Warrants** | **Common Stocks** | **Preferred Stocks** | <br>**Private Fund** | <br>**Rights** | <br>**Total Assets** | **Unfunded Loan Commitments** |
| Beginning Balance | $90573389 | $2424192 | $55688542 | $107663479 | $44 | $1433716 | $11414217 | $- | $1 | $269197580 | $(428183) |
| Purchases/(Receipts) | 15663013 | &nbsp;&nbsp;&nbsp;&nbsp;- | 8102385 | &nbsp;&nbsp;&nbsp;&nbsp;5414437 | &nbsp;&nbsp;&nbsp;&nbsp;- | 17794342 | &nbsp;&nbsp;&nbsp;&nbsp;- | 2458985 | &nbsp;&nbsp;&nbsp;&nbsp;- | 49433162 | &nbsp;&nbsp;&nbsp;&nbsp;(322937) |
| (Sales, maturities and paydowns)/Fundings | &nbsp;&nbsp;&nbsp;&nbsp;(74997) | &nbsp;&nbsp;&nbsp;&nbsp;(11363) | &nbsp;&nbsp;&nbsp;&nbsp;(9998235) | &nbsp;&nbsp;&nbsp;&nbsp;(4063578) | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | (14148173) | &nbsp;&nbsp;&nbsp;&nbsp;242142 |
| Amortization of premiums/discounts | &nbsp;&nbsp;&nbsp;&nbsp;1422 | &nbsp;&nbsp;&nbsp;&nbsp;1236 | &nbsp;&nbsp;&nbsp;&nbsp;289 | 129423 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | 132370 | &nbsp;&nbsp;&nbsp;&nbsp;(23162) |
| Total realized gains (losses) included in earnings | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;1826 | (201810) | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | (199984) | &nbsp;&nbsp;&nbsp;&nbsp;213509 |
| Total change in unrealized appreciation (depreciation) included in earnings | &nbsp;&nbsp;&nbsp;&nbsp;3413415 | 85642 | &nbsp;&nbsp;&nbsp;&nbsp;1010562 | 262090 | &nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;&nbsp;&nbsp;(43086) | (110105) | 44126 | &nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;&nbsp;&nbsp;4662642 | &nbsp;&nbsp;&nbsp;&nbsp;(129556) |
| Transfers into Level 3 | 227520 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;9984539 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | 10212059 | &nbsp;&nbsp;&nbsp;&nbsp;- |
| Transfers out of Level 3 | &nbsp;&nbsp;&nbsp;&nbsp;(5139621) | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;(7290549) | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | (12430170) | &nbsp;&nbsp;&nbsp;&nbsp;(100) |
| Ending Balance | $104664141 | $2499707 | $54805369 | $111898031 | $43 | $19184972 | $11304112 | $2503111 | $- | $306859486 | $(448287) |
| Net change in unrealized appreciation (depreciation) for investments in Level 3 securities still held at August 31, 2025 | $3371751 | $85642 | $1020756 | $242667 | $(1) | $(43086) | $(110105) | $44126 | $(1) | $4611749 | $(139139) |

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**Step Coupon Bonds**

The following table discloses additional information related to step coupon bonds held by the Fund. Certain securities are subject to multiple rate changes prior to maturity. For those securities, a range of rates and corresponding dates have been provided. Rates for all step coupon bonds held by the Fund are scheduled to increase, except GAIA Aviation Ltd., which are scheduled to decrease.

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name** | **Coupon Rate at Next Reset Date** | **Next Rate**<br> **Reset Date** | **Future Reset Rate** | **Future Reset Date** |
| Citigroup Mortgage Loan Trust, Inc. 2022-A, 6.17% due 09/25/62 | 9.17% | 09/25/25 | 10.17% | 09/25/26 |
| GAIA Aviation Ltd. 2019-1, 3.97% due 12/15/44 | 2.00% | 10/15/26 |  |  |
| GAIA Aviation Ltd. 2019-1, 5.19% due 12/15/44 | 2.00% | 10/15/26 |  |  |
| GCAT Trust 2022-NQM5, 5.71% due 08/25/67 | 6.71% | 10/01/26 |  |  |
| Mill City Securities Ltd. 2024-RS1, 4.00% due 11/01/69 | 7.00% | 10/01/27 |  |  |
| New Residential Mortgage Loan Trust 2022-NQM5, 6.50% due 11/25/52 | 7.50% | 09/01/26 |  |  |
| OBX Trust 2022-NQM8, 6.10% due 09/25/62 | 7.10% | 10/01/26 |  |  |

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| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Strategic Opportunities Fund |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

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**Affiliated Transactions**

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments, result in that company being considered an affiliated person, as defined in the Investment Company Act of 1940 ("affiliated issuer").

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Transactions during the period ended August 31, 2025, in which the company is an affiliated issuer, were as follows: | Transactions during the period ended August 31, 2025, in which the company is an affiliated issuer, were as follows: | Transactions during the period ended August 31, 2025, in which the company is an affiliated issuer, were as follows: | Transactions during the period ended August 31, 2025, in which the company is an affiliated issuer, were as follows: | Transactions during the period ended August 31, 2025, in which the company is an affiliated issuer, were as follows: | Transactions during the period ended August 31, 2025, in which the company is an affiliated issuer, were as follows: | Transactions during the period ended August 31, 2025, in which the company is an affiliated issuer, were as follows: | Transactions during the period ended August 31, 2025, in which the company is an affiliated issuer, were as follows: | Transactions during the period ended August 31, 2025, in which the company is an affiliated issuer, were as follows: |
| **Security Name** | **Value 05/31/25** | **Additions** | **Reductions** | **Realized Gain (Loss)** | **Change in Unrealized Appreciation (Depreciation)** | **Value 08/31/25** | **Shares 08/31/25** | **Investment Income** |
| **Common Stocks** |  |  |  |  |  |  |  |  |
| Accuride Corp <sup>\*</sup> | $309 | $– | $– | $– | $– | $309 | 3087395 | $– |
| Accuride Liquidating Trust <sup>\*</sup> |  |  |  |  |  |  | 190 |  |
| BP Holdco LLC <sup>\*</sup> | 98944 |  |  |  |  | 98944 | 121041 |  |
| **Closed-End Mutual Funds** |  |  |  |  |  |  |  |  |
| Guggenheim Active Allocation Fund | 14354500 |  |  |  | 636500 | 14991000 | 950000 | 338438 |
| **Senior Floating Rate Interests** |  |  |  |  |  |  |  |  |
| Accuride Corp. 8.81% (3 Month Term SOFR + 1.50%, Rate Floor: 1.50%) due 3/7/2030 | 4225481 | 19606 | – | – | (39264) | 4205823 | 2237825 | 52031 |
|  | $18679234 | $19606 | $– | $– | $597236 | $19296076 |  | $390469 |

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\* Non-income producing security.

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| | |
|:---|:---|
| &nbsp;&nbsp;**NOTES TO SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

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**Note 1 – Organization and Significant Accounting Policies**

**Organization**

Guggenheim Strategic Opportunities Fund (the "Fund") was organized as a Delaware statutory trust on November 13, 2006. The Fund is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940, as amended (the "1940 Act").

The Fund's investment objective is to maximize total return through a combination of current income and capital appreciation. There can be no assurance that the Fund will achieve its investment objective. The Fund's investment objective is considered fundamental and may not be changed without shareholder approval.

For information on the Fund's other significant accounting policies, please refer to the Fund's most recent semi-annual or annual shareholder report.

**Significant Accounting Policies**

The Fund operates as an investment company and, accordingly, follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946 Financial Services – Investment Companies.

The following significant accounting policies are in conformity with U.S. generally accepted accounting principles ("U.S. GAAP") and are consistently followed by the Fund. This requires management to make estimates and assumptions that affect the reported amount of assets and liabilities, contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. All time references are based on Eastern Time.

**(a) Valuation of Investments** 

The Board of Trustees of the Fund (the "Board") has adopted policies and procedures for the valuation of the Fund's investments (the "Fund Valuation Procedures").

Pursuant to Rule 2a-5 under the 1940 Act, the Board designated Guggenheim Funds Investment Advisors, LLC ("GFIA" or the "Adviser") as the valuation designee to perform fair valuation determinations for the Fund with respect to all Fund investments and/or other assets. As the Fund's valuation designee pursuant to Rule 2a-5, the Adviser has adopted separate procedures (the "Valuation Designee Procedures" and together with the Fund Valuation Procedures, the "Valuation Procedures") reasonably designed to prevent violations of the requirements of Rule 2a-5 and Rule 31a-4 under the 1940 Act. The Adviser, in its role as valuation designee, utilizes the assistance of a valuation committee, consisting of representatives from Guggenheim's investment management, fund administration, legal and compliance departments (the "Valuation Committee"), in determining the fair value of the Fund's securities and/or other assets.

Valuations of the Fund's securities and other assets are supplied primarily by independent third-party pricing services appointed pursuant to the processes set forth in the Valuation Procedures. The Adviser, with the assistance of the Valuation Committee, convenes monthly, or more frequently as needed, to review the valuation of all assets which have been fair valued. The Adviser, consistent with the monitoring and review responsibilities set forth in the Valuation Procedures, regularly reviews the appropriateness of the inputs, methods, models and assumptions employed by the independent third-party pricing services.

If the independent third-party pricing service cannot or does not provide a valuation for a particular investment or such valuation is deemed unreliable, such investment is fair valued by the Adviser.

In general, portfolio securities and assets of the Fund will be valued on the basis of readily available market quotations at their current market value. With respect to portfolio securities and assets of the Fund for which market quotations are not readily available, or deemed unreliable by the Adviser, the Fund will fair value those securities and assets in good faith in accordance with the Valuation Procedures. Valuations in accordance with these methods are intended to reflect each security's (or asset's or liability's) "fair value." Fair value represents a good faith approximation of the value of a security. Fair value determinations may be based on limited inputs and involve the consideration of a number of subjective factors, an analysis of applicable facts and circumstances, and the exercise of judgment. Each such determination is based on a consideration of all relevant factors, which are likely to vary from one pricing context to another. Examples of such factors may include, but are not limited to: market prices; sale prices; broker quotes; and models which derive prices based on inputs such as prices of securities with comparable maturities and characteristics, or based on inputs such as anticipated cash flows or collateral, spread over U.S. Treasury securities, and other information analysis. As a result, it is possible that the fair value for a security determined in good faith in accordance with the

---

| | |
|:---|:---|
| &nbsp;&nbsp;**NOTES TO SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

Valuation Procedures may differ from valuations for the same security determined by other funds using their own valuation procedures. Although the Valuation Procedures are designed to value a portfolio security or asset at the price the Fund may reasonably expect to receive upon its sale in an orderly transaction, there can be no assurance that any fair value determination thereunder would, in fact, approximate the amount that the Fund could reasonably expect to receive upon the sale of the portfolio security or asset.

Equity securities listed or traded on a recognized U.S. securities exchange or the Nasdaq Stock Market ("NASDAQ") will generally be valued on the basis of the last sale price on the primary U.S. exchange or market on which the security is listed or traded; provided, however, that securities listed on NASDAQ will be valued at the NASDAQ official closing price, which may not necessarily represent the last sale price.

Open-end investment companies are valued at their net asset value ("NAV") as of the close of the New York Stock Exchange ("NYSE"), on the valuation date. Exchange-traded funds and closed-end investment companies are generally valued at the last quoted sale price.

Generally, trading in foreign securities markets is substantially completed each day at various times prior to the close of the NYSE. The values of foreign securities are determined as of the close of such foreign markets or the close of the NYSE, if earlier. All investments quoted in foreign currencies are valued in U.S. dollars on the basis of the foreign currency exchange rates prevailing at the close of U.S. business at 4:00 p.m E.T. Investments in foreign securities may involve risks not present in domestic investments. The Adviser will determine the current value of such foreign securities by taking into consideration certain factors which may include those discussed above, as well as the following factors, among others: the value of the securities traded on other foreign markets, American Depositary Receipts ("ADRs") trading, closed-end fund trading, foreign currency exchange activity, and the trading prices of financial products that are tied to foreign securities. In addition, under the Valuation Procedures, the Adviser is authorized to use prices and other information supplied by an independent third-party pricing vendor in valuing foreign securities.

Commercial paper and discount notes with a maturity of greater than 60 days at acquisition are valued at prices that reflect broker-dealer supplied valuations or are obtained from independent third-party pricing services, which may consider the trade activity, treasury spreads, yields or price of bonds of comparable quality, coupon, maturity, and type, as well as prices quoted by dealers who make markets in such securities. Commercial paper and discount notes with a maturity of 60 days or less at acquisition are valued at amortized cost, unless the Adviser concludes that amortized cost does not represent the fair value of the applicable asset in which case it will be valued using an independent third-party pricing service.

U.S. Government securities are valued by independent third-party pricing services, using the last traded fill price, or at the reported bid price at the close of business on the valuation date.

CLOs, CDOs, MBS, ABS, and other structured finance securities are generally valued using an independent third-party pricing service.

Typically, loans are valued using information provided by an independent third-party pricing service that uses broker quotes, among other inputs. If the independent third-party pricing service cannot or does not provide a valuation for a particular loan, or such valuation is deemed unreliable, such investment is valued based on a quote from a broker-dealer or is fair valued by the Adviser. As the Fund invests in loans and asset-backed securities as part of its investment strategies, it may have a significant amount of these instruments fair valued by the Adviser.

Repurchase agreements are generally valued at amortized cost, provided such amounts approximate market value.

Exchange-traded options are valued at the mean of the bid and ask prices on the principal exchange on which they are traded. Over-the-counter ("OTC") options and options on swaps ("swaptions") are valued using a price provided by a pricing service.

Futures contracts are valued on the basis of the last sale price as of 4:00 p.m. on the valuation date. In the event that the exchange for a specific futures contract closes earlier than 4:00 p.m., the futures contract is valued at the official settlement price of the exchange. However, the underlying securities from which the futures contract value is derived are monitored until 4:00 p.m. to determine if fair valuation would provide a more accurate valuation.

Interest rate swap agreements entered into by the Fund are valued on the basis of the last sale price on the primary exchange on which the swap is traded. Other swap agreements entered into by the Fund are generally valued using an evaluated price provided by an independent third-party pricing service.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**NOTES TO SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

Forward foreign currency exchange contracts are valued daily based on the applicable exchange rate of the underlying currency.

The Fund may also fair value securities and assets when a significant event is deemed to have occurred after the time of a market quotation including for securities and assets traded on foreign markets and securities and assets for which market quotations are provided by independent third-party pricing services as of a time that is prior to the time when the Fund determines its NAV. There can be no assurance in each case that significant events will be identified.

Valuations of the Fund's securities and other assets are supplied primarily by independent third-party pricing services pursuant to the processes set forth in the Valuation Designee Procedures. Valuations provided by the independent third-party pricing services are generally based on methods designed to approximate the amount that the Fund could reasonably expect to receive upon the sale of the portfolio security or asset. When providing valuations to the Fund, independent third-party pricing services use various inputs, methods, models and assumptions, which may include information provided by broker-dealers and other market makers. Independent third-party pricing services face the same challenges as the Fund in valuing securities and assets and may rely on limited available information. If the independent third-party pricing service cannot or does not provide a valuation for a particular investment, or such valuation is deemed unreliable, such investment is fair valued by the Adviser. The Fund may also use third-party service providers to model certain securities to determine fair market value. While the Fund's use of fair valuation is intended to result in calculation of NAV that fairly reflects values of the Fund's portfolio securities as of the time of pricing, the Fund cannot guarantee that any fair valuation will, in fact, approximate the amount the Fund would actually realize upon the sale of the securities in question.

Quotes from broker-dealers (i.e., prices provided by a broker-dealer or other market participant, which may or may not be committed to trade at that price), adjusted for fluctuations in criteria such as credit spreads and interest rates, may also be used to value the Fund's assets. Quotes from broker-dealers and vendor prices based on broker quotes can vary in terms of depth (e.g., provided by a single broker-dealer) and frequency (e.g., provided on a daily, weekly, or monthly basis, or any other regular or irregular interval). Although quotes from broker-dealers and vendor prices based on broker quotes are typically received from established market participants, the Fund may not have the transparency to view the underlying inputs which support such quotes. Significant changes in a quote from a broker-dealer would generally result in significant changes in the fair value of the security.

The Fund may acquire an interest in a special purpose acquisition company ("SPAC") in an initial public offering or a secondary market transaction. SPAC investments carry many of the same risks as investments in initial public offering securities, such as erratic price movements, greater risk of loss, lack of information about the issuer, limited operating and little public or no trading history, and higher transaction costs. An investment in a SPAC is typically subject to a higher risk of dilution by additional later offerings of interests in the SPAC or by other investors exercising existing rights to purchase shares of the SPAC and interests in SPACs may be illiquid and/or be subject to restrictions on resale. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring the equity securities of one or more existing companies (or interests therein) via merger, combination, acquisition or other similar transactions. Unless and until an acquisition is completed, a SPAC generally invests its assets (less a portion retained to cover expenses) in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. SPAC investments are also subject to the risk that a significant portion of the funds raised by the SPAC may be expended during the search for a target acquisition or merger and that the SPAC may have limited time in which to conduct due diligence on potential business combination targets. Because SPACs are in essence blank check companies without operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the entity's management to identify and complete a profitable acquisition. Among other conflicts of interest, the economic interests of the management, directors, officers and related parties of a SPAC can differ from the economic interests of public shareholders, which may lead to conflicts as they evaluate, negotiate and recommend business combination transactions to shareholders. This risk may become more acute as the deadline for the completion of a business combination nears. There is no guarantee that the SPACs in which the Fund invests will complete an acquisition or that any acquisitions that are completed will be profitable.

**Note 2 – Derivatives**

As part of its investment strategy, the Fund utilizes a variety of derivative instruments. These investments involve, to varying degrees, elements of market risk. Valuation and accounting treatment of these instruments can be found under Significant Accounting Policies in Note 1 of these Notes to Schedule of Investments.

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---

| | |
|:---|:---|
| &nbsp;&nbsp;**NOTES TO SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

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Derivatives are instruments whose values depend on, or are derived from, in whole or in part, the value of one or more other assets, such as securities, currencies, commodities or indices. Derivative instruments may be used for investment purposes (including to maintain cash reserves while maintaining exposure to certain other assets), for risk management (hedging) purposes, for diversification purposes, to change the duration of the Fund, for leverage purposes, to facilitate trading, to reduce transaction costs and to pursue higher investment returns. Derivative instruments may also be used to seek to mitigate certain investment risks, such as foreign currency exchange rate risk, interest rate risk and credit risk. U.S. GAAP requires disclosures to enable investors to better understand how and why the Fund uses derivative instruments, how these derivative instruments are accounted for and their effects on the Fund's financial position and results of operations.

The Fund may utilize derivatives for the following purposes:

**Duration:** the use of an instrument to manage the interest rate risk of a portfolio.

**Hedge:** an investment made in order to reduce the risk of adverse price movements in a security, by taking an offsetting position to protect against broad market moves.

**Income:** the use of any instrument that distributes cash flows typically based upon some rate of interest.

**Index Exposure:** the use of an instrument to obtain exposure to a listed or other type of index.

**Speculation:** the use of an instrument to express macro-economic and other investment views.

To the extent the Fund's investment strategy consistently involves applying leverage, the value of the Fund's shares will tend to increase or decrease more than the value of any increase or decrease in the underlying index or other asset. In addition, because an investment in derivative instruments generally requires a small investment relative to the amount of investment exposure assumed, an opportunity for increased net income is created; but, at the same time, leverage risk will increase. The Fund's use of leverage, through borrowings or instruments such as derivatives, may cause an investment in the Fund to be more volatile and riskier than if the Fund had not been leveraged.

**Options Purchased and Written** 

A call option on a security gives the purchaser of the option the right to buy, and the writer of a call option the obligation to sell, the underlying security. The purchaser of a put option has the right to sell, and the writer of the put option the obligation to buy, the underlying security at any time during the option period. The risk associated with purchasing options is limited to the premium originally paid.

The risk in writing a call option is that the Fund may incur a loss if the market price of the underlying security increases and the option is exercised. The risk in writing a put option is that the Fund may incur a loss if the market price of the underlying security decreases and the option is exercised. In addition, there may be an imperfect correlation between the movement in prices of options and the underlying securities where the Fund may not be able to enter into a closing transaction because of an illiquid secondary market; or, for OTC options, the Fund may be at risk because of the counterparty's inability to perform.

**Futures Contracts**

A futures contract is an agreement to purchase (long) or sell (short) an agreed amount of securities or other instruments at a set price for delivery at a future date. There are significant risks associated with the Fund's use of futures contracts, including (i) there may be an imperfect or no correlation between the changes in market value of the underlying asset and the prices of futures contracts; (ii) there may not be a liquid secondary market for a futures contract; (iii) trading restrictions or limitations may be imposed by an exchange; and (iv) government regulations may restrict trading in futures contracts. When investing in futures, there is minimal counterparty credit risk to the Fund because futures are exchange-traded and the exchange's clearinghouse, as counterparty to all exchange-traded futures, guarantees against default. Securities held as collateral are noted on the Schedule of Investments.

**Swap Agreements**

A swap is an agreement that obligates two parties to exchange a series of cash flows at specified intervals based upon or calculated by reference to changes in specified prices or rates for a specified amount of an underlying asset. When utilizing OTC swaps, the Fund bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty or if the underlying asset declines in value. Certain standardized swaps are subject to mandatory central clearing and are executed on a multi-lateral or other trade facility platform, such as a registered exchange. There is limited counterparty credit risk with respect to

---

| | |
|:---|:---|
| &nbsp;&nbsp;**NOTES TO SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

centrally-cleared swaps as the transaction is facilitated through a central clearinghouse, much like exchange-traded futures contracts. If the Fund utilizes centrally-cleared swaps, the exchange bears the risk of loss resulting from a counterparty not being able to pay. There is no guarantee that the Fund or an underlying fund could eliminate its exposure under an outstanding swap agreement by entering into an offsetting swap agreement with the same or another party.

Total return swaps involve commitments where single or multiple cash flows are exchanged based on the price of an underlying reference asset (such as an index) for a fixed or variable interest rate. Total return swaps will usually be computed based on the current value of the reference asset as of the close of regular trading on the NYSE or other exchange, with the swap value being adjusted to include dividends accrued, financing charges and/or interest associated with the swap agreement. When utilizing total return swaps, the Fund bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty or if the underlying reference asset declines in value.

Interest rate swaps involve the exchange by the Fund with another party for its respective commitment to pay or receive a fixed or variable interest rate on a notional amount of principal. Interest rate swaps are generally centrally-cleared, but central clearing does not make interest rate swap transactions risk free.

Credit default swaps are instruments which allow for the full or partial transfer of third-party credit risk, with respect to a particular entity or entities, from one counterparty to the other. The Fund enters into credit default swaps as a "seller" or "buyer" of protection primarily to gain or reduce exposure to the investment grade and/or high yield bond market. A seller of credit default swaps is selling credit protection or assuming credit risk with respect to the underlying entity or entities. The buyer in a credit default swap is obligated to pay the seller a periodic stream of payments over the term of the contract provided that no event of default on an underlying reference obligation has occurred. If a credit event occurs, as defined under the terms of the swap agreement, the seller will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. The notional amount reflects the maximum potential amount the seller of credit protection could be required to pay to the buyer if a credit event occurs. The seller of protection receives periodic premium payments from the buyer and may also receive or pay an upfront premium adjustment to the stated periodic payments. In the event a credit event occurs on a credit default swap referencing an index, a factor adjustment will take place and the buyer of protection will receive a payment reflecting the par less the default recovery rate of the defaulted index component based on its weighting in the index. If no default occurs, the counterparty will pay the stream of payments and have no further obligations to the Fund if the Fund is selling the credit protection. If the Fund utilizes centrally cleared credit default swaps, the exchange bears the risk of loss resulting from a counterparty not being able to pay. For OTC credit default swaps, the Fund bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty, or in the case of a credit default swap in which the Fund is selling credit protection, the default of a third-party issuer.

The quoted market prices and resulting market values for credit default swap agreements on securities and credit indices serve as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative had the notional amount of the swap agreement been closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

**Forward Foreign Currency Exchange Contracts**

A forward foreign currency exchange contract is an agreement between two parties to exchange two designated currencies at a specific time in the future. Certain types of contracts may be cash settled, in an amount equal to the change in exchange rates during the term of the contract. The contracts can be used to seek to hedge or manage exposure to foreign currency risks with portfolio investments or to seek to gain exposure to foreign currencies.

The market value of a forward foreign currency exchange contract changes with fluctuations in foreign currency exchange rates. Furthermore, the Fund may be exposed to risk if the counterparties cannot meet the contract terms or if the currency value changes unfavorably as compared to the U.S. dollar.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**NOTES TO SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

In conjunction with short sales and the use of derivative instruments, the Fund is required to maintain collateral in various forms. Depending on the financial instrument utilized and the broker involved, the Fund uses margin deposits at the broker, cash and/or securities segregated at the custodian bank, discount notes or repurchase agreements allocated to the Fund as collateral.

The Fund has established counterparty credit guidelines and enters into transactions only with financial institutions rated/identified as investment grade or better. The Fund monitors the counterparty credit risk associated with each such financial institution.

**Foreign Investments**

There are several risks associated with exposure to foreign currencies, foreign issuers and emerging markets. The Fund's indirect and direct exposure to foreign currencies subjects the Fund to the risk that those currencies will decline in value relative to the U.S. dollar, or in the case of short positions, that the U.S. dollar will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates and the imposition of currency controls or other political developments in the U.S. or abroad. In addition, the Fund may incur transaction costs in connection with conversions between various currencies. The Fund may, but is not obligated to, engage in currency hedging transactions, which generally involve buying currency forward, options or futures contracts. However, not all currency risks may be effectively hedged, and in some cases the costs of hedging techniques may outweigh expected benefits. In such instances, the value of securities denominated in foreign currencies can change significantly when foreign currencies strengthen or weaken relative to the U.S. dollar.

The Fund may invest in securities of foreign companies directly, or in financial instruments, such as ADRs and exchange-traded funds, which are indirectly linked to the performance of foreign issuers. Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Investing in securities of foreign companies directly, or in financial instruments that are indirectly linked to the performance of foreign issuers, may involve heightened risks and risks not typically associated with investing in U.S. issuers. The value of securities denominated in foreign currencies, and of dividends from such securities, can change significantly when foreign currencies strengthen or weaken relative to the U.S. dollar. Foreign securities markets generally have less trading volume and less liquidity than U.S. markets, and prices in some foreign markets may fluctuate more than those of securities traded on U.S. markets. Many foreign countries lack accounting and disclosure standards comparable to those that apply to U.S. companies, and it may be more difficult to obtain reliable information regarding a foreign issuer's financial condition and operations. Transaction costs and costs associated with custody services are generally higher for foreign securities than they are for U.S. securities. Some foreign governments levy withholding taxes against dividend and interest income. Although in some countries portions of these taxes are recoverable, the non-recovered portion will reduce the income received by the Fund.

**Reverse Repurchase Agreements**

The Fund may enter into reverse repurchase agreements as part of its financial leverage strategy. Under a reverse repurchase agreement, the Fund temporarily transfers possession of a portfolio instrument to another party, such as a bank or broker-dealer, in return for cash. At the same time, the Fund agrees to repurchase the instrument at an agreed upon time and price, which reflects an interest payment. Such agreements have the economic effect of borrowings. The Fund may enter into such agreements to seek to invest the cash acquired at a rate higher than the cost of the agreement, which would increase earned income. When the Fund enters into a reverse repurchase agreement, any fluctuations in the market value of either the instruments transferred to another party or the instruments in which the proceeds are invested would affect the market value of the Fund's assets. As a result, such transactions may increase fluctuations in the market value of the Fund's assets.

**Note 3 – Fair Value Measurement** 

In accordance with U.S. GAAP, fair value is defined as the price that the Fund would receive to sell an investment or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a three-tier fair value hierarchy based on the types of inputs used to value assets and liabilities and requires corresponding disclosure. The hierarchy and the corresponding inputs are summarized below:

Level 1 — unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2 — significant other observable inputs (for example quoted prices for securities that are similar based on characteristics such as interest rates, prepayment speeds, credit risk, etc.).

------

---

| | |
|:---|:---|
| &nbsp;&nbsp;**NOTES TO SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

------

Level 3 — significant unobservable inputs based on the best information available under the circumstances, to the extent observable inputs are not available, which may include assumptions.

Rule 2a-5 sets forth a definition of "readily available market quotations," which is consistent with the definition of a Level 1 input under U.S. GAAP. Rule 2a-5 provides that "a market quotation is readily available only when that quotation is a quoted price (unadjusted) in active markets for identical investments that the Fund can access at the measurement date, provided that a quotation will not be readily available if it is not reliable."

Securities for which market quotations are not readily available must be valued at fair value as determined in good faith. Accordingly, any security priced using inputs other than Level 1 inputs will be subject to fair value requirements. The types of inputs available depend on a variety of factors, such as the type of security and the characteristics of the markets in which it trades, if any. Fair valuation determinations that rely on fewer or no observable inputs require greater judgment. Accordingly, fair value determinations for Level 3 securities require the greatest amount of judgment.

Independent third-party pricing services are used to value a majority of the Fund's investments. When values are not available from an independent third-party pricing service, they will be determined using a variety of sources and techniques, including: market prices; broker quotes; and models which derive prices based on inputs such as prices of securities with comparable maturities and characteristics or based on inputs such as anticipated cash flows or collateral, spread over U.S. Treasury securities, and other information and analysis. A significant portion of the Fund's assets and liabilities are categorized as Level 2, as indicated in this report.<br>Quotes from broker-dealers (i.e., prices provided by a broker-dealer or other market participant, which may or may not be committed to trade at that price), adjusted for fluctuations in criteria such as credit spreads and interest rates, may also be used to value the Fund's assets. Quotes from broker-dealers and vendor prices based on broker quotes can vary in terms of depth (e.g., provided by a single broker-dealer) and frequency (e.g., provided on a daily, weekly, or monthly basis, or any other regular or irregular interval). Although quotes from broker-dealers and vendor prices based on broker quotes are typically received from established market participants, the Fund may not have the transparency to view the underlying inputs which support such quotes. Significant changes in a quote from a broker-dealer would generally result in significant changes in the fair value of the security.<br>Certain fixed income securities are valued by obtaining a monthly quote from a broker-dealer, adjusted for fluctuations in criteria such as credit spreads and interest rates.<br>Certain loans and other securities are valued using a single daily broker quote or a price from an independent third-party pricing service provider based on a single daily or monthly broker quote.

The inputs or methodologies selected and applied for valuing securities or other assets are not necessarily an indication of the risk associated with investing in those securities. The suitability, appropriateness and accuracy of the techniques, methodologies and sources employed to determine fair valuation are periodically reviewed and subject to change.

**Note 4 – Federal Income Tax Information**

The Fund intends to comply with the provisions of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Internal Revenue Code"), applicable to regulated investment companies and will distribute substantially all taxable net investment income and capital gains sufficient to relieve the Fund from all, or substantially all, federal income, excise and state income taxes. Therefore, no provision for federal or state income tax or federal excise tax is required.

Tax positions taken or expected to be taken in the course of preparing the Fund's tax returns are evaluated to determine whether the tax positions are "more-likely-than-not" of being sustained by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit or expense in the current year. Management has analyzed the Fund's tax positions taken, or to be taken, on U.S. federal income tax returns for all open tax years, and has concluded that no provision for income tax is required in the Fund's financial statements. The Fund's U.S. federal income tax returns are subject to examination by the Internal Revenue Service ("IRS") for a period of three years after they are filed.

If the Fund makes a distribution to its shareholders in excess of its current and accumulated "earnings and profits" in any taxable year, the excess distribution will be treated as a return of capital to the extent of each shareholder's basis (for tax purposes) in its shares, and any distribution in excess of basis will be treated as capital gain. A return of capital is not taxable, but it reduces the shareholder's basis in its shares, which reduces the loss (or increases the gain) on a subsequent taxable disposition by such shareholder of the shares.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**NOTES TO SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

At August 31, 2025, the cost of investments for U.S. federal income tax purposes, the aggregate gross unrealized appreciation for all investments for which there was an excess of value over tax cost, and the aggregate gross unrealized depreciation for all investments for which there was an excess of tax cost over value, were as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Tax Cost** | **Tax Unrealized<br> Appreciation**  | **Tax Unrealized<br> Depreciation**  | **Net Tax Unrealized<br> Appreciation (Depreciation)**  |
| $2507408855 | $93562954 | $(109498899) | $(15935945) |

---

**Note 5 – Unfunded Loan Commitments**

Pursuant to the terms of certain loan agreements, the Fund held unfunded loan commitments as of August 31, 2025. The Fund is obligated to fund these loan commitments at the borrower's discretion.

The unfunded loan commitments as of August 31, 2025, were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Borrower** | **Maturity Date** | | **Face Amount\*** | **Value** |
| Aegion Corp. | 05/17/28 |  | 155844 | $– |
| Akso Health Group | 07/20/26 |  | 1000000 |  |
| Alteryx, Inc. | 02/08/31 |  | 461111 |  |
| AmSpec Parent LLC | 12/11/31 |  | 48000 |  |
| Capstone Acquisition Holdings, Inc. | 11/12/29 |  | 531324 | 2475 |
| Care BidCo | 05/04/28 | EUR | 1000000 | 41734 |
| Citrin Cooperman Advisors LLC | 04/01/32 |  | 248485 | 388 |
| Cliffwater LLC | 03/19/32 |  | 640000 |  |
| Coller Capital Ltd. | 09/25/36 |  | 3014443 |  |
| Datix Bidco Ltd. | 04/25/31 |  | 2072500 | 92413 |
| Eagle Point Holdings Borrower, LLC | 03/31/28 |  | 250000 |  |
| Finastra USA, Inc. | 09/13/29 |  | 312531 | 25986 |
| GrafTech Finance, Inc. | 11/04/29 |  | 986089 |  |
| Hanger, Inc. | 10/23/31 |  | 455703 |  |
| Higginbotham Insurance Agency, Inc. | 11/24/28 |  | 255158 | 1568 |
| Integrated Power Services Holdings, Inc. | 11/22/28 |  | 594359 | 1373 |
| Kerridge Commercial Systems Bidco Ltd. | 09/07/30 | GBP | 2500000 | 45927 |
| MB2 Dental Solutions LLC | 02/13/31 |  | 1567964 | 30062 |
| Oil Changer Holding Corp. | 02/08/27 |  | 282105 |  |
| Polaris Newco LLC | 06/04/26 |  | 3655101 | 69809 |
| Powergrid Services LLC | 03/31/30 |  | 2416617 | 118300 |
| PT Intermediate Holdings III LLC | 04/09/30 |  | 65352 | 125 |
| Secretariat Advisors LLC | 02/21/32 |  | 188172 |  |
| SHO Holding I Corp. | 06/30/29 |  | 295159 | 18127 |
| Student Transportation Of America Holdings, Inc. | 06/10/32 |  | 20400 |  |
| TK Elevator Midco GmbH | 01/29/27 | EUR | 1750000 | – |
|  |  |  |  | $448287 |

---

\* The face amount is denominated in U.S. dollars unless otherwise indicated.

EUR - Euro

GBP - British Pound

**Note 6 – Restricted Securities**

The securities below are considered illiquid and restricted under guidelines established by the Board:

---

| | | | |
|:---|:---|:---|:---|
| **Restricted Securities** | **Acquisition Date** | **Cost** | **Value** |
| Atlas Mara Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.00% due 12/31/21<sup>1</sup> | 10/01/15 | $504832 | $– |
| CBC Insurance Revenue Securitization LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016-1, 5.25% due 07/15/46 | 08/09/19 | 255071 | 236986 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;**NOTES TO SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Restricted Securities** | **Acquisition Date** | **Cost** | **Value** |
| Endo Luxembourg Finance Co I SARL / Endo US, Inc.\* |  |  |  |
|  | 04/23/24 | 19970 | 335 |
| Endo Luxembourg Finance Co I SARL / Endo US, Inc.\* |  |  |  |
|  | 04/23/24 | 11343 | 190 |
| Exide Technologies |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.00% due 10/31/24<sup>1</sup> | 10/27/20 |  | 2 |
| Exide Technologies |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.00% due 10/31/24<sup>1</sup> | 07/02/19 | 266406 | 1 |
| Mirabela Nickel Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.50% due 06/24/19<sup>1</sup> | 12/31/13 | 2341590 | 6670 |
| Nassau LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2019-1, 3.98% due 08/15/34 | 08/16/19 | 580272 | 549388 |
|  |  | $3979484 | $793572 |

---

*\* Non-income producing security.*

*1 Security is in default of interest and/or principal obligations.*

**Note 7 – Market Risks**

The value of, or income generated by, the investments held by the Fund are subject to the possibility of rapid and unpredictable fluctuation, and loss that may result from various factors. These factors include, among others, developments affecting (or perceived to affect) individual companies, or issuers or particular industries, or from broader influences, including real or perceived changes in prevailing interest rates (which may change at any time based on changes in monetary policies and various market and other economic conditions), changes in inflation rates or expectations about inflation rates, deflation, adverse investor confidence or sentiment, general outlook for corporate earnings, changing economic, political (including geopolitical), social or financial market conditions, bank failures, increased instability or general uncertainty, extreme weather, environmental or man-made disasters, or geological events, governmental actions, actual or threatened imposition of tariffs (which may be imposed by U.S. and foreign governments) and trade disruptions, public health emergencies (such as the spread of infectious diseases, pandemics and epidemics), debt crises, terrorism, actual or threatened wars or other armed conflicts (such as the conflict in the Middle East and the ongoing Russia-Ukraine conflict and its collateral economic and other effects, including, but not limited to, sanctions and other international trade barriers) or ratings downgrades, and other similar events, each of which may be temporary or last for extended periods. Different sectors, industries and security types may react differently to such developments. Moreover, changing economic, political, geopolitical, social, financial market or other conditions in one country, geographic region or industry could adversely affect the value, yield and return of the investments held by the Fund in a different country, geographic region, economy, industry or market because of the increasingly interconnected global economies and financial markets. The duration and extent of the foregoing types of factors or conditions are highly uncertain and difficult to predict and have in the past, and may in the future, cause volatility and distress in economies and financial markets or other adverse circumstances, which may negatively affect the value of the Fund's investments and performance of the Fund.

---

| | |
|:---|:---|
| **OTHER INFORMATION *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

**Sector Classification**

Information in the "Schedule of Investments" is categorized by sectors using sector-level classifications used by Bloomberg Industry Classification System, a widely recognized industry classification system provider. In the Fund's registration statement, the Fund has investment policies relating to concentration in specific industries. For purposes of these investment policies, the Fund usually classifies industries based on industry-level classifications used by widely recognized industry classification system providers such as Bloomberg Industry Classification System, Global Industry Classification Standards and Barclays Global Classification Scheme.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Guggenheim Strategic Opportunities Fund

- **b. Investment Company Act file number:** 811-21982

- **c. CIK number of Registrant:** 0001380936

- **d. LEI of Registrant:** 549300ZOXRKM68J8NB63

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

  - **Street Address 1:** 227 West Monroe Street

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-827-0100

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

- **a. Name of Series:** Guggenheim Strategic Opportunities Fund

- **c. LEI of Series:** 549300ZOXRKM68J8NB63

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2025-08-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2672001768.59

**Total Liabilities:** $523623182.99

**Net Assets:** $2148378585.60

**Delayed Delivery Securities:** $180278108.81

**Cash Not Reported:** $38791672.28

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 16603.05715960 | **1-Year:** 58110.23859040 | **5-Year:** 111037.79366020 | **10-Year:** 68606.41561740 | **30-Year:** 113177.70650080

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

- **3-Month:** 74819.03244270 | **1-Year:** 74391.99456550 | **5-Year:** 170246.10864860 | **10-Year:** 35999.34295850 | **30-Year:** 33206.78636200

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 2.58%                | 1.34%                | 1.94%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-411843.40              | $27487322.83                               |
| Month 2  | $-5914189.37             | $-3161497.50                               |
| Month 3  | $-741762.53              | $17475760.79                               |

**Designated Index Information**

- **Index Name:** Portfolio (ExDerivative)

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                | Title                                                                                                | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |    Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| UBS AG                                              | Foreign Exchange USD/JPY                                                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |    3057000 | NC      | $19089.90     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Martin Marietta Materials Inc                       | Martin Marietta Materials, Inc.                                                                      | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |         31 | NS      | $19108.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BBC MILITARY HSG NAVY NE                            | BBC Military Housing-Navy Northeast LLC                                                              | CUSIP: 664175AC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    2700000 | PA      | $2520795.60   | 0.12%             | 2049-10-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Genuine Parts Co                                    | Genuine Parts Co.                                                                                    | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |        136 | NS      | $18948.88     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BOWTIE CV JERSEY HOLDCO LTD                         | Bowtie Germany Bidco GmbH                                                                            | CUSIP: N/A<br>LEI: 254900F23Z2F8RRW1Q10       | Long             | LON              | CORP              | DE        |    4200000 | PA      | $4910958.23   | 0.23%             | 2031-08-01      | Variable      | 5.98%                 | No            |                  2 | On Loan: No      |
| HESS CORP                                           | Hess Corp.                                                                                           | CUSIP: 42809HAC1<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |    1000000 | PA      | $1070792.17   | 0.05%             | 2040-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                      | BRAVO Residential Funding Trust                                                                      | CUSIP: 10569JAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1240956 | PA      | $1239319.24   | 0.06%             | 2062-07-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| ALBION JVCO LTD                                     | Albion Financing 1 SARL                                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | GB        |     100000 | PA      | $120936.96    | 0.01%             | 2030-05-21      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SUPERIOR PLUS/GEN PRTNR                             | Superior Plus Limited Partnership / Superior General Partner, Inc.                                   | CUSIP: 86828LAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    2000000 | PA      | $1921658.00   | 0.09%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Broadridge Financial Solutions                      | Broadridge Financial Solutions, Inc.                                                                 | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |         69 | NS      | $17637.78     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PRESTIGE BRANDS INC                                 | Prestige Brands, Inc.                                                                                | CUSIP: 74112BAM7<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |     300000 | PA      | $276468.18    | 0.01%             | 2031-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                       | Citigroup, Inc.                                                                                      | CUSIP: 172967PR6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |    3100000 | NS      | $3125122.40   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Weyerhaeuser Co                                     | Weyerhaeuser Co.                                                                                     | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |        610 | NS      | $15780.70     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc                         | Raymond James Financial, Inc.                                                                        | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |        113 | NS      | $19146.72     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc                       | Old Dominion Freight Line, Inc.                                                                      | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |        103 | NS      | $15549.91     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUE OWL GP STAKES III                              | Dyal Capital Partners III                                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    6350683 | PA      | $6028258.44   | 0.28%             | 2040-06-15      | Fixed         | 4.40%                 | No            |                  3 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |   -4127059 | PA      | $-4127058.79  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| Revvity Inc                                         | Revvity, Inc.                                                                                        | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |        173 | NS      | $15589.03     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                               | Uber Technologies, Inc.                                                                              | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |        193 | NS      | $18093.75     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp                           | Constellation Energy Corp.                                                                           | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |         57 | NS      | $17554.86     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc                        | United Airlines Holdings, Inc.                                                                       | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |        213 | NS      | $22365.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GoldenTree Loan Management US                       | GoldenTree Loan Management US CLO 24 Ltd.                                                            | CUSIP: 38139WAA1<br>LEI: 254900PS1VHPJR2OTF82 | Long             | ABS-O            | CORP              | KY        |    2000000 | PA      | $1996588.60   | 0.09%             | 2038-10-20      | Floating      | 8.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN AUTO AUCTION GROUP LLC                     | American Auto Auction Group LLC                                                                      | CUSIP: N/A<br>LEI: 5493002VI1KML1L8HW19       | Long             | LON              | CORP              | US        |    1097250 | PA      | $1106390.09   | 0.05%             | 2032-05-22      | Variable      | 8.82%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                        | Ares CLO Ltd.                                                                                        | CUSIP: 03990LAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    3600000 | PA      | $3437426.88   | 0.16%             | 2038-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW ENTERPRISE STONE & L                            | New Enterprise Stone & Lime Company, Inc.                                                            | CUSIP: 644274AH5<br>LEI: 549300O5DQ5Y61B8VF38 | Long             | DBT              | CORP              | US        |    1309000 | PA      | $1293911.16   | 0.06%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hasbro Inc                                          | Hasbro, Inc.                                                                                         | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |        243 | NS      | $19724.31     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group I                      | American International Group, Inc.                                                                   | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |        198 | NS      | $16101.36     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GCAT                                                | GCAT Trust                                                                                           | CUSIP: 36168WAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1692443 | PA      | $1685699.08   | 0.08%             | 2067-08-25      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| HILLENBRAND INC                                     | Hillenbrand, Inc.                                                                                    | CUSIP: 431571AE8<br>LEI: U246OE781574J2BUD366 | Long             | DBT              | CORP              | US        |     250000 | PA      | $229856.95    | 0.01%             | 2031-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Fox Corp                                            | Fox Corp.                                                                                            | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |        196 | NS      | $11701.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL ATLANTIC FIN CO                              | Global Atlantic Finance Co.                                                                          | CUSIP: 37959GAB3<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    1750000 | PA      | $1580334.44   | 0.07%             | 2031-06-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| ONE HOTELS & RESORTS GMBH                           | ONE Hotels GmbH                                                                                      | CUSIP: N/A<br>LEI: 529900OZ5000U0NZHM90       | Long             | DBT              | CORP              | DE        |    1300000 | PA      | $1646809.45   | 0.08%             | 2031-04-02      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CARRIAGE SERVICES INC                               | Carriage Services, Inc.                                                                              | CUSIP: 143905AP2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     975000 | PA      | $919573.10    | 0.04%             | 2029-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                                  | Panama Government International Bond                                                                 | CUSIP: 698299BS2<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    4150000 | PA      | $2816190.00   | 0.13%             | 2063-01-19      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                               | Foreign Exchange EUR/USD                                                                             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |   14272000 | NC      | $49199.41     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                            | OBX Trust                                                                                            | CUSIP: 67117YAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     877944 | PA      | $874686.79    | 0.04%             | 2062-09-25      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| GC TWO HOLDINGS INC                                 | Aretec Group, Inc.                                                                                   | CUSIP: N/A<br>LEI: 549300NV2T8A33L0PQ58       | Long             | LON              | CORP              | US        |    4694450 | PA      | $4696562.40   | 0.22%             | 2030-08-09      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| TEAM BLUE FINCO SARL                                | Team.Blue Finco SARL                                                                                 | CUSIP: N/A<br>LEI: 549300DR8PIYMOZ4YU85       | Long             | LON              | CORP              | LU        |    4150000 | PA      | $4864001.99   | 0.23%             | 2029-09-30      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| Figs Inc                                            | Figs, Inc.                                                                                           | CUSIP: 30260D103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      10450 | NS      | $73672.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corp                                         | Waters Corp.                                                                                         | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |         48 | NS      | $14486.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Owl Rock CLO Ltd                                    | Owl Rock CLO I LLC                                                                                   | CUSIP: 69121XAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    4600000 | PA      | $4646911.26   | 0.22%             | 2036-02-20      | Floating      | 8.45%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                 | JPMorgan Chase & Co.                                                                                 | CUSIP: 48128B523<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |      40000 | NS      | $742400.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CPI CG INC                                          | CPI CG, Inc.                                                                                         | CUSIP: 12598FAC3<br>LEI: 254900H3R50WH1B1LB48 | Long             | DBT              | CORP              | US        |    3998000 | PA      | $4184906.50   | 0.19%             | 2029-07-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CDW Corp/DE                                         | CDW Corp.                                                                                            | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |         95 | NS      | $15652.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HealthCare Technologies Inc                      | GE HealthCare Technologies, Inc.                                                                     | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |        227 | NS      | $16736.71     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GRIFOLS SA                                          | Grifols S.A.                                                                                         | CUSIP: 39843UAA0<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |    1350000 | PA      | $1308174.17   | 0.06%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Westinghouse Air Brake Technol                      | Westinghouse Air Brake Technologies Corp.                                                            | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |         82 | NS      | $15867.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VODAFONE GROUP PLC                                  | Vodafone Group plc                                                                                   | CUSIP: 92857WBX7<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    4100000 | PA      | $3179392.48   | 0.15%             | 2081-06-04      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| BXHPP Trust                                         | BXHPP Trust                                                                                          | CUSIP: 05609JAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    5350000 | PA      | $4837764.25   | 0.23%             | 2036-08-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank                               | CURRENCY CONTRACT - Rec GBP / Deliver USD                                                            | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DFE              |  | US        |      90000 | NC      | $346.79       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AMC NETWORKS INC                                    | AMC Networks, Inc.                                                                                   | CUSIP: 00164VAG8<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |    1100000 | PA      | $1144990.00   | 0.05%             | 2029-01-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| TWILIO INC                                          | Twilio, Inc.                                                                                         | CUSIP: 90138FAD4<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |    2000000 | PA      | $1868022.60   | 0.09%             | 2031-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |    -493369 | PA      | $-493368.96   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Altria Group Inc                                    | Altria Group, Inc.                                                                                   | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |        279 | NS      | $18751.59     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| REVENIR ENERGY INC                                  | Legacy Reserves, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300SZ0GOWNZGNYY47       | Long             | EC               | CORP              | US        |       2359 | NS      | $265.86       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Cascade Funding Mortgage Trust                      | CFMT LLC                                                                                             | CUSIP: 12530GAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    3400000 | PA      | $3253721.80   | 0.15%             | 2037-09-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| AVISON YOUNG (CANADA) INC                           | Avison Young (Canada), Inc.                                                                          | CUSIP: N/A<br>LEI: 549300JFJVF4I6PSM579       | Long             | LON              | CORP              | CA        |     176732 | PA      | $35346.36     | 0.00%             | 2029-03-12      | Variable      | 6.24%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                            | 1011778 BC ULC / New Red Finance, Inc.                                                               | CUSIP: 68245XAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     850000 | PA      | $827363.82    | 0.04%             | 2028-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Lehman XS Trust                                     | Lehman XS Trust Series                                                                               | CUSIP: 52522GAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1500619 | PA      | $1460787.08   | 0.07%             | 2036-12-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| Jol Air                                             | JOL Air Ltd.                                                                                         | CUSIP: 46651NAA2<br>LEI: 549300TS4MUGCDXPW498 | Long             | ABS-O            | CORP              | KY        |    2234243 | PA      | $2217865.78   | 0.10%             | 2044-04-15      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                     | CVS Health Corp.                                                                                     | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |        255 | NS      | $18653.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                                        | Tapestry, Inc.                                                                                       | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |        205 | NS      | $20873.10     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                                          | Dexcom, Inc.                                                                                         | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |        202 | NS      | $15218.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AMSTED INDUSTRIES                                   | Amsted Industries, Inc.                                                                              | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |     500000 | PA      | $512142.50    | 0.02%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                               | Foreign Exchange EUR/USD                                                                             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |   19423000 | NC      | $451.77       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Capmark Military Housing Trust                      | Capmark Military Housing Trust                                                                       | CUSIP: 14070AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     444736 | PA      | $427297.59    | 0.02%             | 2052-10-10      | Fixed         | 6.06%                 | No            |                  3 | On Loan: No      |
| Darden Restaurants Inc                              | Darden Restaurants, Inc.                                                                             | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |         77 | NS      | $15934.38     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                           | CURRENCY CONTRACT - Rec USD / Deliver EUR                                                            | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |   -1090000 | NC      | $-3300.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Stanley Black & Decker Inc                          | Stanley Black & Decker, Inc.                                                                         | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |        244 | NS      | $18126.76     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SPRING EDUCATION GROUP INC                          | Spring Education Group, Inc.                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    1182000 | PA      | $1188406.44   | 0.06%             | 2030-10-04      | Variable      | 8.30%                 | No            |                  2 | On Loan: No      |
| WOLVERINE WORLD WIDE                                | Wolverine World Wide, Inc.                                                                           | CUSIP: 978097AG8<br>LEI: 549300OVC7PK14LQ8D87 | Long             | DBT              | CORP              | US        |    4450000 | PA      | $4092328.58   | 0.19%             | 2029-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                    | Societe Generale                                                                                     | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |   -3586791 | PA      | $-3586790.98  | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| DR Horton Inc                                       | DR Horton, Inc.                                                                                      | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |        134 | NS      | $22710.32     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                                      | Eli Lilly & Co.                                                                                      | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |         21 | NS      | $15384.18     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Amcor PLC                                           | Amcor plc                                                                                            | CUSIP: N/A<br>LEI: 549300GSODGFCDQ3DI89       | Long             | EC               | CORP              | US        |       1821 | NS      | $15715.23     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DRYDEN SENIOR LOAN FUND DRSLF_15-37A                | Dryden Senior Loan Fund                                                                              | CUSIP: N/A<br>LEI: 254900I0IPNA482LDS44       | Long             | ABS-O            | CORP              | KY        |    2998799 | PA      | $14178.32     | 0.00%             | 2031-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State Street Corp                                   | State Street Corp.                                                                                   | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |        172 | NS      | $19774.84     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FERTITTA ENTERTAINMENT LLC                          | Fertitta Entertainment LLC                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    1161729 | PA      | $1160428.14   | 0.05%             | 2029-01-27      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Cintas Corp                                         | Cintas Corp.                                                                                         | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         76 | NS      | $15962.28     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                                 | VICI Properties, Inc.                                                                                | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |        515 | NS      | $17396.70     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AMSTED INDUSTRIES                                   | Amsted Industries, Inc.                                                                              | CUSIP: 032177AJ6<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |     950000 | PA      | $914735.15    | 0.04%             | 2030-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Halliburton Co                                      | Halliburton Co.                                                                                      | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |        751 | NS      | $17070.23     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPAGNIE BENELUX PARTICIPATIONS SA                 | Socotec Holding                                                                                      | CUSIP: N/A<br>LEI: 969500TSHWNDZONA3M83       | Long             | LON              | CORP              | FR        |    1050000 | PA      | $1234643.73   | 0.06%             | 2031-06-02      | Variable      | 5.48%                 | No            |                  2 | On Loan: No      |
| ONEOK Inc                                           | ONEOK, Inc.                                                                                          | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |        201 | NS      | $15352.38     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Montreal Chicago Branch                     | Bank of Montreal                                                                                     | CUSIP: N/A<br>LEI: NQQ6HPCNCCU6TUTQYE16       | Short            | RA               | CORP              | CA        |    -829323 | PA      | $-829323.35   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| ALLIANZ SE                                          | Allianz SE                                                                                           | CUSIP: 018820AA8<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |    1400000 | PA      | $1387341.06   | 0.06%             | N/A             | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Mondelez International Inc                          | Mondelez International, Inc.                                                                         | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |        250 | NS      | $15360.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GrafTech Finance, Inc.                              | GrafTech Finance, Inc.                                                                               | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |    -986089 | PA      | $-0.01        | -0.00%            | 2029-11-04      | Variable      | 3.75%                 | No            |                  3 | On Loan: No      |
| SBA Communications Corp                             | SBA Communications Corp.                                                                             | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |         74 | NS      | $15158.90     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ANCHOR PACKAGING LLC                                | Anchor Packaging LLC                                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    2849836 | PA      | $2852686.27   | 0.13%             | 2029-07-18      | Variable      | 7.61%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                             | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |    -190547 | PA      | $-190547.29   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Match Group Inc                                     | Match Group, Inc.                                                                                    | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |        531 | NS      | $19827.54     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries Inc                                  | PPG Industries, Inc.                                                                                 | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |        148 | NS      | $16462.04     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                                    | Societe Generale                                                                                     | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |   -6660653 | PA      | $-6660653.49  | -0.31%            |  |  |  | No            |                  2 | On Loan: No      |
| DURAVANT LLC                                        | Engineered Machinery Holdings, Inc.                                                                  | CUSIP: N/A<br>LEI: 5493008AR0NPSLW8EW07       | Long             | LON              | CORP              | US        |    2269121 | PA      | $2281692.38   | 0.11%             | 2028-05-19      | Variable      | 8.06%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group I                      | PNC Financial Services Group, Inc.                                                                   | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |         94 | NS      | $19499.36     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES CLO Ltd                                        | Ares Loan Funding V Ltd.                                                                             | CUSIP: 04020PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |    4000000 | PA      | $4046473.20   | 0.19%             | 2037-07-27      | Floating      | 10.92%                | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                             | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |   -1552581 | PA      | $-1552581.06  | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Parker-Hannifin Corp                                | Parker-Hannifin Corp.                                                                                | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |         25 | NS      | $18983.75     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron Inc                                         | Textron, Inc.                                                                                        | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |        218 | NS      | $17474.88     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NUSTAR LOGISTICS LP                                 | NuStar Logistics, LP                                                                                 | CUSIP: 67059TAE5<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |     200000 | PA      | $201069.20    | 0.01%             | 2027-04-28      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| AvalonBay Communities Inc                           | AvalonBay Communities, Inc.                                                                          | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |         81 | NS      | $15863.85     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TREEHOUSE FOODS INC                                 | TreeHouse Foods, Inc.                                                                                | CUSIP: 89469AAD6<br>LEI: 5493007M7EVHE470Q576 | Long             | DBT              | CORP              | US        |    1150000 | PA      | $1068221.78   | 0.05%             | 2028-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                         | Oracle Corp.                                                                                         | CUSIP: 68389XCA1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    2100000 | PA      | $1515212.14   | 0.07%             | 2051-03-25      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| PRKCM Trust                                         | PRKCM Trust                                                                                          | CUSIP: 69377TAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     913467 | PA      | $911921.11    | 0.04%             | 2057-08-25      | Variable      | 6.14%                 | No            |                  2 | On Loan: No      |
| Applied Materials Inc                               | Applied Materials, Inc.                                                                              | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |         97 | NS      | $15593.72     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SELECTIVE INSURANCE GROU                            | Selective Insurance Group, Inc.                                                                      | CUSIP: 816300503<br>LEI: 549300R3WGJWLE40R258 | Long             | EP               | CORP              | US        |      36000 | NS      | $624240.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| IMC FINANCING LLC                                   | IMC Global Holdings                                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     850000 | PA      | $857437.50    | 0.04%             | 2032-06-18      | Variable      | 7.86%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS                               | QXO Building Products, Inc.                                                                          | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |    1200000 | PA      | $1239365.70   | 0.06%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Securitiza                      | Castlelake Aircraft Securitization Trust                                                             | CUSIP: 14855MAA6<br>LEI: 549300MHTIBONNXM3R82 | Long             | ABS-O            | CORP              | US        |     702687 | PA      | $676470.18    | 0.03%             | 2039-04-15      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                      | Whirlpool Corp.                                                                                      | CUSIP: 963320AZ9<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    1200000 | PA      | $1114677.36   | 0.05%             | 2032-05-14      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| PERSHING SQUARE TONTINE HOLDINGS LTD                | Pershing Square Tontine Holdings, Ltd. - Class A                                                     | CUSIP: N/A<br>LEI: 549300ZDVEYEVCF35B08       | Long             | EC               | CORP              | US        |    1042740 | NS      | $104.27       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Trade Desk Inc/The                                  | Trade Desk, Inc.                                                                                     | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |        223 | NS      | $12189.18     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SHILTON MIDCO 2 LTD                                 | Shilton BidCo Ltd.                                                                                   | CUSIP: N/A<br>LEI: 549300JUUQPK8NFDUB17       | Long             | LON              | CORP              | GB        |    2000000 | PA      | $2346694.75   | 0.11%             | 2030-01-14      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| RYMAN HOSPITALITY PROPERTIES                        | OEG Borrower LLC                                                                                     | CUSIP: N/A<br>LEI: 254900UUVX9EYPUMP391       | Long             | LON              | CORP              | US        |    1736875 | PA      | $1743388.28   | 0.08%             | 2031-06-30      | Variable      | 7.81%                 | No            |                  2 | On Loan: No      |
| AMC NETWORKS INC                                    | AMC Networks, Inc.                                                                                   | CUSIP: 00164VAK9<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |    4092000 | PA      | $4226176.68   | 0.20%             | 2032-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| KKR & Co Inc                                        | KKR & Company, Inc.                                                                                  | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |        133 | NS      | $18552.17     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OCP CLO Ltd                                         | OCP CLO Ltd.                                                                                         | CUSIP: 67120JAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    1000000 | PA      | $744433.80    | 0.03%             | 2038-01-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BP HOLDCO LLC                                       | BP Holdco LLC                                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     121041 | NS      | $98944.00     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CLARIOS INTERNATIONAL INC                           | Clarios Global, LP                                                                                   | CUSIP: N/A<br>LEI: 549300474L1ZLXZY2P98       | Long             | LON              | CORP              | CA        |     600000 | PA      | $703116.88    | 0.03%             | 2031-07-16      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| IDEXX Laboratories Inc                              | IDEXX Laboratories, Inc.                                                                             | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |         32 | NS      | $20706.88     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc                         | American Water Works Company, Inc.                                                                   | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |        119 | NS      | $17077.69     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Wynn Resorts Ltd                                    | Wynn Resorts Ltd.                                                                                    | CUSIP: 983134107<br>LEI: 254900CEKKWIHTEAB172 | Long             | EC               | CORP              | US        |        191 | NS      | $24209.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                                         | Workday, Inc.                                                                                        | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |         67 | NS      | $15464.94     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                                  | Enphase Energy, Inc.                                                                                 | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |        367 | NS      | $13835.90     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CORNING INC                                         | Corning, Inc.                                                                                        | CUSIP: 219350BF1<br>LEI: 549300X2937PB0CJ7I56 | Long             | DBT              | CORP              | US        |    4100000 | PA      | $3270863.52   | 0.15%             | 2057-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NORMEC 1 BV                                         | Normec 1 B.V.                                                                                        | CUSIP: N/A<br>LEI: 724500QBPCBJWX2FJR30       | Long             | LON              | CORP              | NL        |    4125000 | PA      | $4850386.10   | 0.23%             | 2031-04-16      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| AMETEK Inc                                          | AMETEK, Inc.                                                                                         | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |         93 | NS      | $17186.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTICAL TOPCO I SA                                 | TK Elevator Midco GmbH                                                                               | CUSIP: N/A<br>LEI: 254900K869UN2ZWVB351       | Short            | LON              | CORP              | DE        |   -1750000 | PA      | $-0.02        | -0.00%            | 2027-01-29      | Variable      | 0.82%                 | No            |                  3 | On Loan: No      |
| SUBURBAN PROPANE PARTNRS                            | Suburban Propane Partners Limited Partnership/Suburban Energy Finance Corp.                          | CUSIP: 864486AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    3210000 | PA      | $3193628.36   | 0.15%             | 2027-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Abbott Laboratories                                 | Abbott Laboratories                                                                                  | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |        124 | NS      | $16449.84     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| J M Smucker Co/The                                  | J M Smucker Co.                                                                                      | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |        174 | NS      | $19228.74     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FINASTRA SUBCO LTD                                  | Finastra USA, Inc.                                                                                   | CUSIP: N/A<br>LEI: 549300ZB2RO6QC7YTK71       | Short            | LON              | CORP              | US        |    -312531 | PA      | $-25985.60    | -0.00%            | 2029-09-13      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| Valero Energy Corp                                  | Valero Energy Corp.                                                                                  | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |        125 | NS      | $19001.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc                        | FactSet Research Systems, Inc.                                                                       | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |         40 | NS      | $14932.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.     | Russell 2000 Index                                                                                   | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |        -11 | NC      | $-48455.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BLUE RIBBON LLC (USA)                               | Blue Ribbon LLC                                                                                      | CUSIP: N/A<br>LEI: 549300NQM7J4KC44D416       | Long             | LON              | CORP              | US        |    5542490 | PA      | $3935167.71   | 0.18%             | 2028-05-08      | Variable      | 10.55%                | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                 | United Airlines, Inc.                                                                                | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    2575000 | PA      | $2534041.28   | 0.12%             | 2029-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                            | Rocket Mortgage LLC / Rocket Mortgage Company-Issuer, Inc.                                           | CUSIP: 74841CAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     825000 | PA      | $770936.60    | 0.04%             | 2031-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV                             | VZ Secured Financing B.V.                                                                            | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |    6850000 | PA      | $6082790.41   | 0.28%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vault DI Issuer LLC                                 | Vault DI Issuer LLC                                                                                  | CUSIP: 92243JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1850000 | PA      | $1804882.57   | 0.08%             | 2046-07-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| HCA Healthcare Inc                                  | HCA Healthcare, Inc.                                                                                 | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |         46 | NS      | $18582.16     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                                         | Equinix, Inc.                                                                                        | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |         19 | NS      | $14937.61     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SCIL IV LLC / SCIL USA HOLDINGS LLC                 | SCIL IV LLC / SCIL USA Holdings LLC                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    1800000 | PA      | $2207942.46   | 0.10%             | 2028-07-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Procter & Gamble Co/The                             | Procter & Gamble Co.                                                                                 | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |        103 | NS      | $16175.12     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications Inc                          | Charter Communications, Inc.                                                                         | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |         42 | NS      | $11154.36     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                                    | Societe Generale                                                                                     | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | US        |   -5783214 | PA      | $-5783214.20  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| PRECISE BIDCO BV                                    | Precise Midco B.V.                                                                                   | CUSIP: N/A<br>LEI: 254900JUNTY42P1KL224       | Long             | LON              | CORP              | NL        |    4117500 | PA      | $4822393.65   | 0.22%             | 2030-11-22      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| REYNOLDS AMERICAN INC                               | Reynolds American, Inc.                                                                              | CUSIP: 761713BA3<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |    4150000 | PA      | $4271053.84   | 0.20%             | 2035-08-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| AMC NETWORKS INC                                    | AMC Networks, Inc.                                                                                   | CUSIP: 00164VAF0<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |      81000 | PA      | $66673.53     | 0.00%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Akamai Technologies Inc                             | Akamai Technologies, Inc.                                                                            | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |        214 | NS      | $16933.82     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Babson CLO Ltd                                      | Babson CLO Ltd.                                                                                      | CUSIP: 05618HAE5<br>LEI: 549300SCEOLR3BTPYX35 | Long             | ABS-O            | CORP              | KY        |    3000000 | PA      | $300.00       | 0.00%             | 2025-07-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CUBE HEALTHCARE EUROPE BIDCO                        | Domidep                                                                                              | CUSIP: N/A<br>LEI: 969500AYUH6YXBLGCX31       | Long             | LON              | CORP              | FR        |    4400000 | PA      | $5165714.29   | 0.24%             | 2029-10-24      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| TIME WARNER CABLE LLC                               | Time Warner Cable LLC                                                                                | CUSIP: 88732JBD9<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |     620000 | PA      | $491703.33    | 0.02%             | 2042-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                         | Freddie Mac                                                                                          | CUSIP: 3133KPMJ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    4035611 | PA      | $3800460.40   | 0.18%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                         | 12-Month/2-Year Interest Rate Swap                                                                   | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |   40304527 | NC      | $266061.06    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ENTAIN PLC                                          | Entain Holdings (Gibraltar) Ltd.                                                                     | CUSIP: N/A<br>LEI: 213800ATWJIEYQ8NF838       | Long             | LON              | CORP              | GI        |    2750000 | PA      | $3225868.73   | 0.15%             | 2028-06-30      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| Mohawk Industries Inc                               | Mohawk Industries, Inc.                                                                              | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |        159 | NS      | $21097.71     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MB2 DENTAL SOLUTIONS LLC                            | MB2 Dental Solutions LLC                                                                             | CUSIP: N/A<br>LEI: 254900HDV9GEHEZLSQ19       | Long             | LON              | CORP              | US        |     705749 | PA      | $700245.70    | 0.03%             | 2031-02-13      | Variable      | 9.82%                 | No            |                  3 | On Loan: No      |
| MERLIN BUYER INC                                    | Merlin Buyer, Inc.                                                                                   | CUSIP: N/A<br>LEI: 2549008CJ699WXZAWW31       | Long             | LON              | CORP              | US        |    1080653 | PA      | $1069846.74   | 0.05%             | 2028-12-14      | Variable      | 9.05%                 | No            |                  3 | On Loan: No      |
| VMED O2 UK FINANCING I                              | Vmed O2 UK Financing I plc                                                                           | CUSIP: 92858RAA8<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    1225000 | PA      | $1130720.94   | 0.05%             | 2031-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                           | 6-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DIR              |  | CA        |  -10090625 | NC      | $-19279.45    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AP GRANGE HOLDINGS LLC                              | AP Grange Holdings                                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |   11000000 | PA      | $11316250.00  | 0.53%             | 2045-03-20      | Fixed         | 6.50%                 | No            |                  3 | On Loan: No      |
| BNP Paribas                                         | 9-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -32082500 | NC      | $-177938.53   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Dell Technologies Inc                               | Dell Technologies, Inc.                                                                              | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |        151 | NS      | $18444.65     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AMN HEALTHCARE INC                                  | AMN Healthcare, Inc.                                                                                 | CUSIP: 00175PAB9<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |     725000 | PA      | $713291.90    | 0.03%             | 2027-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |   -3618372 | PA      | $-3618372.27  | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                             | Goldman Sachs & Co. LLC                                                                              | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Short            | RA               | CORP              | US        |   -1157949 | PA      | $-1157949.00  | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                            | Jones Deslauriers Insurance Management, Inc.                                                         | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    2050000 | PA      | $2168272.99   | 0.10%             | 2030-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corp                                  | Union Pacific Corp.                                                                                  | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |         74 | NS      | $16544.18     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BELL CANADA                                         | Bell Telephone Company of Canada or Bell Canada                                                      | CUSIP: 0778FPAP4<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |    6550000 | PA      | $6689587.05   | 0.31%             | 2055-09-15      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                                 | NuStar Logistics, LP                                                                                 | CUSIP: 67059TAF2<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |     125000 | PA      | $125429.63    | 0.01%             | 2026-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DATIX BIDCO LIMITED                                 | Datix Bidco Ltd.                                                                                     | CUSIP: N/A<br>LEI: 9845006BT9AF870CZ249       | Short            | LON              | CORP              | US        |    -892500 | PA      | $-92412.62    | -0.00%            | 2030-10-25      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |   -1871928 | PA      | $-1871928.28  | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| A10 Securitization                                  | A10 Permanent Asset Financing LLC                                                                    | CUSIP: 00216AAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     250000 | PA      | $203573.35    | 0.01%             | 2051-06-15      | Variable      | 6.24%                 | No            |                  2 | On Loan: No      |
| VALVOLINE INC                                       | Valvoline, Inc.                                                                                      | CUSIP: 92047WAG6<br>LEI: 549300CMHPBEY6VPOT75 | Long             | DBT              | CORP              | US        |     760000 | PA      | $693226.10    | 0.03%             | 2031-06-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                               | PennyMac Financial Services, Inc.                                                                    | CUSIP: 70932MAF4<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    2800000 | PA      | $2860911.20   | 0.13%             | 2033-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                | OneMain Finance Corp.                                                                                | CUSIP: 682691AE0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     750000 | PA      | $793486.50    | 0.04%             | 2030-03-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                 | CURRENCY CONTRACT - Rec USD / Deliver GBP                                                            | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |  -32200000 | NC      | $172984.62    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                              | Foreign Exchange USD/JPY                                                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |  -10190000 | NC      | $-8396.66     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Humana Inc                                          | Humana, Inc.                                                                                         | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |         72 | NS      | $21863.52     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OBRA CAPITAL INC                                    | Obra Longevity                                                                                       | CUSIP: N/A<br>LEI: 2549001PDYPC4244EX25       | Long             | ABS-O            | CORP              | US        |   17400000 | PA      | $18483498.00  | 0.86%             | 2039-06-30      | Fixed         | 8.48%                 | No            |                  3 | On Loan: No      |
| VERSUNI GROUP BV                                    | Nobel Bidco B.V.                                                                                     | CUSIP: N/A<br>LEI: 549300NZZFLYK83VVT71       | Long             | DBT              | CORP              | NL        |    1750000 | PA      | $1983283.60   | 0.09%             | 2028-06-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| ARDIAN FRANCE SA                                    | Florida Food Products LLC                                                                            | CUSIP: N/A<br>LEI: 254900J6FNIX7DTKUV52       | Long             | LON              | CORP              | US        |    5515481 | PA      | $3695372.35   | 0.17%             | 2028-10-18      | Variable      | 9.56%                 | No            |                  2 | On Loan: No      |
| TOTAL WEBHOSTING SOLUTIONS BV                       | Total Webhosting Solutions BV                                                                        | CUSIP: N/A<br>LEI: 98450055H0892EDCB847       | Long             | LON              | CORP              | NL        |    5000000 | PA      | $5871943.37   | 0.27%             | 2031-11-06      | Variable      | 5.90%                 | No            |                  2 | On Loan: No      |
| BRITISH TELECOMMUNICATIO                            | British Telecommunications plc                                                                       | CUSIP: 11102AAF8<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |     950000 | PA      | $938567.61    | 0.04%             | 2081-11-23      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| SHO HOLDING I CORP                                  | SHO Holding I Corp.                                                                                  | CUSIP: N/A<br>LEI: 5493004CRJRC7LVGK330       | Long             | LON              | CORP              | US        |     856226 | PA      | $847663.71    | 0.04%             | 2029-06-30      | Variable      | 10.93%                | No            |                  3 | On Loan: No      |
| Dreyfus Treasury Obligations C                      | Dreyfus Treasury Obligations Cash Management Fund - Institutional Shares                             | CUSIP: N/A<br>LEI: 549300MKKM9KT7BF6329       | Long             | STIV             | RF                | US        |     624294 | NS      | $624294.42    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CRETACEOUS MIDCO LTD                                | ContourGlobal Power Holdings S.A.                                                                    | CUSIP: N/A<br>LEI: 549300O5AGIFK0PQ1516       | Long             | DBT              | CORP              | LU        |    2800000 | PA      | $3351858.41   | 0.16%             | 2030-02-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TELUS CORP                                          | TELUS Corp.                                                                                          | CUSIP: 87971MCM3<br>LEI: 894500WE70KKZRQMBU11 | Long             | DBT              | CORP              | CA        |    4500000 | PA      | $4617814.50   | 0.21%             | 2055-10-15      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper Inc                                | Keurig Dr Pepper, Inc.                                                                               | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |        509 | NS      | $14806.81     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                                  | Coterra Energy, Inc.                                                                                 | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |        647 | NS      | $15812.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CORDOBES PARENT SARL                                | Cordobes Holdco SL                                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | ES        |    2700000 | PA      | $3160993.33   | 0.15%             | 2029-02-02      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS                            | Focus Financial Partners LLC                                                                         | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |    4950000 | PA      | $5115206.25   | 0.24%             | 2031-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Church & Dwight Co Inc                              | Church & Dwight Company, Inc.                                                                        | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |        168 | NS      | $15650.88     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN NATIONAL GROUP                             | American National Group, Inc.                                                                        | CUSIP: 025676859<br>LEI: 549300RK5RZQ740FPL83 | Long             | EP               | CORP              | US        |      88000 | NS      | $2235200.00   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Cerberus                                            | Cerberus Loan Funding XLIV LLC                                                                       | CUSIP: 15674DAE4<br>LEI: 6354005DPIRML7EMPA20 | Long             | ABS-O            | CORP              | US        |    6100000 | PA      | $6170661.18   | 0.29%             | 2036-01-15      | Floating      | 8.52%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                    | Societe Generale                                                                                     | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | US        |   -4720807 | PA      | $-4720807.44  | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| FARMERS INS EXCH                                    | Farmers Insurance Exchange                                                                           | CUSIP: 309601AG7<br>LEI: 549300UWG2TLX1GZVT44 | Long             | DBT              | CORP              | US        |    1920000 | PA      | $1951737.60   | 0.09%             | 2064-10-15      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                               | Foreign Exchange EUR/USD                                                                             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |   16311000 | NC      | $55838.32     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WW INTERNATIONAL INC                                | Weight Watchers International, Inc.                                                                  | CUSIP: N/A<br>LEI: SGT8R1MU6ESIC7UJC518       | Long             | LON              | CORP              | US        |     273050 | PA      | $249158.13    | 0.01%             | 2030-06-24      | Variable      | 11.12%                | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                       | Ballyrock CLO 1 Ltd.                                                                                 | CUSIP: 05875KAE6<br>LEI: 254900EJNL3EAF77OS82 | Long             | ABS-O            | CORP              | KY        |    1350000 | PA      | $1350852.53   | 0.06%             | 2032-07-15      | Floating      | 11.33%                | No            |                  2 | On Loan: No      |
| General Motors Co                                   | General Motors Co.                                                                                   | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |        336 | NS      | $19686.24     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HPS Private Credit CLO                              | HPS Private Credit CLO LLC                                                                           | CUSIP: 40445YAG9<br>LEI: 254900WC9JHPFFXUKB77 | Long             | ABS-O            | CORP              | US        |    2500000 | PA      | $2518297.00   | 0.12%             | 2037-07-20      | Floating      | 8.26%                 | No            |                  2 | On Loan: No      |
| COLLER CREDIT BACKED LOANS & NOTES II LTD           | Coller Capital Ltd.                                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    3014443 | PA      | $0.03         | 0.00%             | 2036-09-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Amphenol Corp                                       | Amphenol Corp.                                                                                       | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |        180 | NS      | $19594.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc                                      | Globe Life, Inc.                                                                                     | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |        140 | NS      | $19593.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas                                         | 6-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -10090625 | NC      | $-21700.19    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Equity Residential                                  | Equity Residential                                                                                   | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |        242 | NS      | $16001.04     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.     | S&P 500 Index                                                                                        | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |        -40 | NC      | $-18000.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                           | Adobe, Inc.                                                                                          | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |         41 | NS      | $14624.70     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                                    | Duke Energy Corp.                                                                                    | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |        144 | NS      | $17638.56     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO                               | Scotts Miracle-Gro Co.                                                                               | CUSIP: 810186AW6<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |     700000 | PA      | $646098.74    | 0.03%             | 2032-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UBS AG                                              | Foreign Exchange USD/JPY                                                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |   -3057000 | NC      | $-2519.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Regatta 33 Funding Ltd.                             | Regatta 33 Funding Ltd.                                                                              | CUSIP: 75890CAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    2250000 | PA      | $2243080.80   | 0.10%             | 2038-07-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CEAMER FINANCE LLC                                  | Ceamer Finance LLC                                                                                   | CUSIP: N/A<br>LEI: 549300KGM6NOF0Q0GA88       | Long             | ABS-O            | CORP              | US        |    3048001 | PA      | $3138739.70   | 0.15%             | 2037-11-15      | Fixed         | 6.92%                 | No            |                  3 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                             | Goldman Sachs & Co. LLC                                                                              | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Short            | RA               | CORP              | US        |    -734821 | PA      | $-734821.27   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                             | Goldman Sachs & Co. LLC                                                                              | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Short            | RA               | CORP              | US        |   -1007012 | PA      | $-1007011.75  | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Palo Alto Networks Inc                              | Palo Alto Networks, Inc.                                                                             | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |         86 | NS      | $16384.72     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cincinnati Financial Corp                           | Cincinnati Financial Corp.                                                                           | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | EC               | CORP              | US        |        114 | NS      | $17510.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MORAN FOODS LLC                                     | Moran Foods LLC                                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     353741 | PA      | $30118.23     | 0.00%             | 2026-06-30      | Variable      | 11.65%                | No            |                  3 | On Loan: No      |
| Xylem Inc/NY                                        | Xylem, Inc.                                                                                          | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |        132 | NS      | $18685.92     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Invitation Homes Inc                                | Invitation Homes, Inc.                                                                               | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        502 | NS      | $15707.58     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                                 | JPMorgan Chase & Co.                                                                                 | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |         62 | NS      | $18688.04     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                               | Foundry JV Holdco LLC                                                                                | CUSIP: 350930AJ2<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    4750000 | PA      | $4994713.92   | 0.23%             | 2037-01-25      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                      | Whirlpool Corp.                                                                                      | CUSIP: 963320AX4<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |     500000 | PA      | $371903.60    | 0.02%             | 2050-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Conagra Brands Inc                                  | Conagra Brands, Inc.                                                                                 | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |        744 | NS      | $14232.72     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                             | Goldman Sachs & Co. LLC                                                                              | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Short            | RA               | CORP              | US        |   -1483485 | PA      | $-1483484.60  | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| DOMESTIC & GENERAL LTD                              | Galaxy Bidco Ltd.                                                                                    | CUSIP: N/A<br>LEI: 984500645A980C6A3639       | Long             | DBT              | CORP              | JE        |    1800000 | PA      | $2526579.94   | 0.12%             | 2029-12-19      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| FIRST REPUBLIC BANK                                 | First Republic Bank                                                                                  | CUSIP: 33616C696<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EP               | CORP              | US        |     200000 | NS      | $600.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RESONETICS LLC                                      | Resonetics LLC                                                                                       | CUSIP: N/A<br>LEI: 5493007F3QX6Z23QGO95       | Long             | LON              | CORP              | US        |     880464 | PA      | $878994.03    | 0.04%             | 2031-06-18      | Variable      | 7.06%                 | No            |                  2 | On Loan: No      |
| MetLife Inc                                         | MetLife, Inc.                                                                                        | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |        212 | NS      | $17248.32     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas                                         | 1-Year/2-Year Interest Rate Swap                                                                     | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -10090625 | NC      | $-22763.04    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TRITON V SICAV-RAIF SARL                            | IFCO Management GmbH                                                                                 | CUSIP: N/A<br>LEI: 529900W6COKZG9FWRZ51       | Long             | LON              | CORP              | DE        |    2400000 | PA      | $2810642.33   | 0.13%             | 2032-07-30      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Stryker Corp                                        | Stryker Corp.                                                                                        | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |         44 | NS      | $17222.04     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                           | CURRENCY CONTRACT - Rec USD / Deliver EUR                                                            | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |   -1055000 | NC      | $-4564.80     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Wingstop Funding LLC                                | Wingstop Funding LLC                                                                                 | CUSIP: 974153AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      98500 | PA      | $94572.65     | 0.00%             | 2050-12-05      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                           | 9-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DIR              |  | US        |  -32082500 | NC      | $-177938.53   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.     | Invesco QQQ Trust Series                                                                             | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |      -1097 | NC      | $-337876.00   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                                 | JPMorgan Chase & Co.                                                                                 | CUSIP: 48128B580<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |      49000 | NS      | $962850.00    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| AVISON YOUNG (CANADA) INC                           | Avison Young (Canada), Inc.                                                                          | CUSIP: N/A<br>LEI: 549300JFJVF4I6PSM579       | Long             | EC               | CORP              | CA        |        579 | NS      | $5.79         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MGM Resorts International                           | MGM Resorts International                                                                            | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Long             | EC               | CORP              | US        |        504 | NS      | $20003.76     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International                      | Johnson Controls International plc                                                                   | CUSIP: N/A<br>LEI: 549300XQ6S1GYKGBL205       | Long             | EC               | CORP              | US        |        162 | NS      | $17316.18     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLWYN ENTERTAINMENT FIN                            | Allwyn Entertainment Financing UK plc                                                                | CUSIP: 02007VAA8<br>LEI: 315700J7ZTIN8XGCX365 | Long             | DBT              | CORP              | GB        |    3353000 | PA      | $3487120.00   | 0.16%             | 2029-04-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| JACOBS HOLDING AG                                   | Cognita Ltd.                                                                                         | CUSIP: N/A<br>LEI: 894500YKKF2CXAP6DR25       | Long             | LON              | CORP              | GB        |    1000000 | PA      | $1174096.17   | 0.05%             | 2029-04-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                            | Acadia Healthcare Company, Inc.                                                                      | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |    2250000 | PA      | $2343114.00   | 0.11%             | 2033-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CITRIN COOPERMAN ADVISORS LLC                       | Citrin Cooperman Advisors LLC                                                                        | CUSIP: N/A<br>LEI: 254900DPG9ZEAP5MK895       | Long             | LON              | CORP              | US        |    3851515 | PA      | $3845506.79   | 0.18%             | 2032-04-01      | Variable      | 7.30%                 | No            |                  2 | On Loan: No      |
| SPEEDSTER MIV SCSP                                  | Speedster Bidco GmbH                                                                                 | CUSIP: N/A<br>LEI: 254900LE837QB2YYV824       | Long             | LON              | CORP              | DE        |    1400000 | PA      | $1644832.10   | 0.08%             | 2031-12-10      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| BALROG ACQUISITION INC                              | Balrog Acquisition, Inc.                                                                             | CUSIP: N/A<br>LEI: 25490017XQ2US9FIMN58       | Long             | LON              | CORP              | US        |     900600 | PA      | $871708.51    | 0.04%             | 2028-09-05      | Variable      | 8.43%                 | No            |                  2 | On Loan: No      |
| Allegion plc                                        | Allegion plc                                                                                         | CUSIP: N/A<br>LEI: 984500560CAC2E6FB757       | Long             | EC               | CORP              | US        |        121 | NS      | $20545.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MAVIS TIRE EXPRESS SERVICES CORP                    | Mavis Tire Express Services TopCo Corp.                                                              | CUSIP: N/A<br>LEI: 254900NVDM4GTLBL9E56       | Long             | LON              | CORP              | US        |    2665185 | PA      | $2670754.75   | 0.12%             | 2028-05-04      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| RFNA LP                                             | Rfna, LP                                                                                             | CUSIP: 74984AAA0<br>LEI: 2549002A4GSOTYKKHR45 | Long             | DBT              | CORP              | US        |     650000 | PA      | $672717.50    | 0.03%             | 2030-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                          | PacifiCorp                                                                                           | CUSIP: 695114DF2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    5000000 | PA      | $5188303.85   | 0.24%             | 2055-09-15      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| Marathon CLO LTD                                    | Marathon CLO V Ltd.                                                                                  | CUSIP: 56576UAC3<br>LEI: 635400LRBGQZIPTCBI09 | Long             | ABS-O            | CORP              | KY        |    3566667 | PA      | $356.67       | 0.00%             | 2027-11-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Prologis Inc                                        | Prologis, Inc.                                                                                       | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |        153 | NS      | $17408.34     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc                              | Intuitive Surgical, Inc.                                                                             | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |         32 | NS      | $15145.44     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BANIJAY GROUP NV                                    | Betclic Everest Group SAS                                                                            | CUSIP: N/A<br>LEI: 96950037FKVH5JOEKU82       | Long             | LON              | CORP              | FR        |    3150000 | PA      | $3701388.21   | 0.17%             | 2031-12-09      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| W R Berkley Corp                                    | W R Berkley Corp.                                                                                    | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |        231 | NS      | $16560.39     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CONAIR HOLDINGS LLC                                 | Conair Holdings LLC                                                                                  | CUSIP: N/A<br>LEI: 549300804G00T34FLV17       | Long             | LON              | CORP              | US        |    1328308 | PA      | $870041.46    | 0.04%             | 2028-05-17      | Variable      | 8.18%                 | No            |                  2 | On Loan: No      |
| Essex Property Trust Inc                            | Essex Property Trust, Inc.                                                                           | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |         59 | NS      | $15942.39     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp                                    | FirstEnergy Corp.                                                                                    | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |        416 | NS      | $18145.92     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Capital Services LLC                 | 9-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        |  -32082500 | NC      | $-177938.53   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| LASERAWAY INTERMEDIATE HOLDINGS II LLC              | LaserAway Intermediate Holdings II LLC                                                               | CUSIP: N/A<br>LEI: 254900KPMJ49M2JTOZ92       | Long             | LON              | CORP              | US        |    7441653 | PA      | $7292820.20   | 0.34%             | 2027-10-14      | Variable      | 10.33%                | No            |                  2 | On Loan: No      |
| WW International Inc                                | WW International, Inc.                                                                               | CUSIP: 98262P200<br>LEI: SGT8R1MU6ESIC7UJC518 | Long             | EC               | CORP              | US        |       4008 | NS      | $127815.12    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Chemical Co                                 | Eastman Chemical Co.                                                                                 | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |        208 | NS      | $14630.72     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Neuberger Berman CLO Ltd                            | Neuberger Berman Loan Advisers CLO 57 Ltd.                                                           | CUSIP: 64135YAC3<br>LEI: 2549000I5N6JRKAGRP48 | Long             | ABS-O            | CORP              | KY        |    5230000 | PA      | $4322154.63   | 0.20%             | 2038-10-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AMSPEC PARENT LLC                                   | AmSpec Parent LLC                                                                                    | CUSIP: N/A<br>LEI: 254900LUGRP5Z7OOV477       | Short            | LON              | CORP              | US        |     -48000 | PA      | $0.00         | 0.00%             | 2031-12-11      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| Fortress Credit Opportunities                       | Fortress Credit Opportunities IX CLO Ltd.                                                            | CUSIP: 34961JBJ2<br>LEI: 2549008RD44HDM6DNP14 | Long             | ABS-O            | CORP              | KY        |    8000000 | PA      | $7871972.80   | 0.37%             | 2033-10-15      | Floating      | 8.53%                 | No            |                  2 | On Loan: No      |
| Quest Diagnostics Inc                               | Quest Diagnostics, Inc.                                                                              | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |         95 | NS      | $17255.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DXP ENTERPRISES INC                                 | DXP Enterprises, Inc.                                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    2568109 | PA      | $2576943.00   | 0.12%             | 2030-10-11      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                            | Rocket Mortgage LLC / Rocket Mortgage Company-Issuer, Inc.                                           | CUSIP: 77313LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    4031000 | PA      | $3634289.14   | 0.17%             | 2033-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LINDBLAD EXPEDITIONS LLC                            | Lindblad Expeditions LLC                                                                             | CUSIP: 53523LAB6<br>LEI: 549300MPUWOG67Y2R254 | Long             | DBT              | CORP              | US        |    1200000 | PA      | $1228921.03   | 0.06%             | 2030-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Phillips 66                                         | Phillips 66                                                                                          | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |        138 | NS      | $18434.04     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CROCS INC                                           | Crocs, Inc.                                                                                          | CUSIP: 227046AB5<br>LEI: 549300B0J6YCXD63OG72 | Long             | DBT              | CORP              | US        |    1525000 | PA      | $1368957.27   | 0.06%             | 2031-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Colgate-Palmolive Co                                | Colgate-Palmolive Co.                                                                                | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |        182 | NS      | $15300.74     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                          | Fannie Mae                                                                                           | CUSIP: 3140XHWE3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    4223746 | PA      | $3998870.23   | 0.19%             | 2052-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Republic Services Inc                               | Republic Services, Inc.                                                                              | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |         67 | NS      | $15675.99     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Commodity Exchange, Inc.                            | Gold 100 oz. Futures Contracts                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |         16 | NC      | $211170.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SAPHITOPLUX SCA                                     | Saphilux SARL                                                                                        | CUSIP: N/A<br>LEI: 222100CX5OA6ONWOBW66       | Long             | LON              | CORP              | LU        |    2482554 | PA      | $2496530.53   | 0.12%             | 2028-07-18      | Variable      | 7.74%                 | No            |                  2 | On Loan: No      |
| First Solar Inc                                     | First Solar, Inc.                                                                                    | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |        100 | NS      | $19519.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC MEDITERRANEAN SHIPPING CO SA                    | Terminal Investment Limited Holding                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | LU        |    2400000 | PA      | $2377368.00   | 0.11%             | 2040-10-01      | Fixed         | 6.23%                 | No            |                  3 | On Loan: No      |
| BERKLEY (WR) CORPORATION                            | W R Berkley Corp.                                                                                    | CUSIP: 084423870<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EP               | CORP              | US        |     126000 | NS      | $2227680.00   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                          | Fannie Mae                                                                                           | CUSIP: 3140QPQL4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1332880 | PA      | $1258926.15   | 0.06%             | 2052-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hilton Worldwide Holdings Inc                       | Hilton Worldwide Holdings, Inc.                                                                      | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |         66 | NS      | $18219.96     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                              | Trane Technologies plc                                                                               | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | US        |         40 | NS      | $16624.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Falcon Aerospace Ltd                                | Falcon Aerospace Ltd.                                                                                | CUSIP: 30610GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     293662 | PA      | $289257.20    | 0.01%             | 2039-09-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                               | BofA Securities, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Short            | RA               | CORP              | US        |   -4481672 | PA      | $-4481671.59  | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| JACKSON FINANCIAL INC                               | Jackson Financial, Inc.                                                                              | CUSIP: 46817M206<br>LEI: 213800WXW2KG1N4CO374 | Long             | EP               | CORP              | US        |     152000 | NS      | $3967200.00   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                             | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |    -559170 | PA      | $-559169.68   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Hartford Insurance Group Inc/T                      | Hartford Insurance Group, Inc.                                                                       | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |        135 | NS      | $17861.85     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GINKGO BIOWORKS HOLDINGS INC                        | Ginkgo Bioworks Holdings, Inc.                                                                       | CUSIP: 37611X118<br>LEI: N/A                  | N/A              | DE               |  | US        |      26852 | NS      | $349.08       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc                            | Marsh & McLennan Companies, Inc.                                                                     | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |         77 | NS      | $15847.37     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTRAL GARDEN & PET CO                             | Central Garden & Pet Co.                                                                             | CUSIP: 153527AN6<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |     625000 | PA      | $591151.63    | 0.03%             | 2030-10-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PPL Corp                                            | PPL Corp.                                                                                            | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |        495 | NS      | $18052.65     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| STANDARD INDUSTRIES INC                             | Standard Industries, Inc.                                                                            | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    7050000 | PA      | $6755875.41   | 0.31%             | 2030-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HOMEVI SAS                                          | HomeVi S.A.S.                                                                                        | CUSIP: N/A<br>LEI: 9695001URJB6VUATPK20       | Long             | LON              | CORP              | FR        |    1000000 | PA      | $1166830.47   | 0.05%             | 2029-10-24      | Variable      | 6.78%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                    | CIFC Funding Ltd.                                                                                    | CUSIP: 12571HAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    2000000 | PA      | $2003000.80   | 0.09%             | 2035-04-21      | Floating      | 11.60%                | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                             | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |   -4361727 | PA      | $-4361726.56  | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| BLUE OWL GP STAKES III                              | Dyal Capital Partners III                                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    3649317 | PA      | $3464041.56   | 0.16%             | 2040-06-15      | Fixed         | 4.40%                 | No            |                  3 | On Loan: No      |
| Williams-Sonoma Inc                                 | Williams-Sonoma, Inc.                                                                                | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |        107 | NS      | $20136.33     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PACIFIC BELLS LLC                                   | Pacific Bells LLC                                                                                    | CUSIP: N/A<br>LEI: 549300VGOQXINYVBJF37       | Long             | LON              | CORP              | US        |    7768457 | PA      | $7778168.05   | 0.36%             | 2028-11-13      | Variable      | 8.56%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                           | 1-Year/2-Year Interest Rate Swap                                                                     | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DIR              |  | US        |  -16145000 | NC      | $-66183.36    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VELOCITY VEHICLE GROUP                              | Velocity Vehicle Group LLC                                                                           | CUSIP: 92262TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     370000 | PA      | $375007.58    | 0.02%             | 2029-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SECRETARIAT ADVISORS LLC                            | Secretariat Advisors LLC                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    1557923 | PA      | $1562799.69   | 0.07%             | 2032-02-27      | Variable      | 8.30%                 | No            |                  2 | On Loan: No      |
| CHESTERFIELD FINANCIAL HOLDING CHEST_23-1           | CHEST                                                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |    1350000 | PA      | $1417851.00   | 0.07%             | 2043-03-23      | Variable      | 7.12%                 | No            |                  3 | On Loan: No      |
| EXIDE TECHNOLOGIES                                  | Exide Technologies                                                                                   | CUSIP: N/A<br>LEI: 549300KITCGPNNNXQP63       | Long             | DBT              | CORP              | US        |     791606 | PA      | $0.79         | 0.00%             | 2024-10-31      | Fixed         | 11.00%                | Yes           |                  3 | On Loan: No      |
| FS Rialto Issuer Ltd                                | FS Rialto                                                                                            | CUSIP: 30319YAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1400000 | PA      | $1394722.56   | 0.06%             | 2038-05-16      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| INSPIRED EDUCATION HOLDINGS LTD                     | Inspired Finco Holdings, Ltd.                                                                        | CUSIP: N/A<br>LEI: 21380079CKTODVMD9183       | Long             | LON              | CORP              | GB        |    3800000 | PA      | $4448316.37   | 0.21%             | 2031-02-28      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| INTEGRATED POWER SERVICES HOLDINGS INC              | Integrated Power Services Holdings, Inc.                                                             | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |    -594359 | PA      | $-1372.58     | -0.00%            | 2028-11-22      | Variable      | 1.00%                 | No            |                  3 | On Loan: No      |
| MB2 DENTAL SOLUTIONS LLC                            | MB2 Dental Solutions LLC                                                                             | CUSIP: N/A<br>LEI: 254900HDV9GEHEZLSQ19       | Long             | LON              | CORP              | US        |     112000 | PA      | $101099.57    | 0.00%             | 2031-02-13      | Variable      | 9.82%                 | No            |                  3 | On Loan: No      |
| RBC Capital Markets, LLC                            | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |    -520657 | PA      | $-520657.08   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Southwest Airlines Co                               | Southwest Airlines Co.                                                                               | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |        500 | NS      | $16450.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DATIX BIDCO LIMITED                                 | Datix Bidco Ltd.                                                                                     | CUSIP: N/A<br>LEI: 9845006BT9AF870CZ249       | Long             | LON              | CORP              | US        |    3920000 | PA      | $5258390.09   | 0.24%             | 2031-04-30      | Variable      | 9.46%                 | No            |                  3 | On Loan: No      |
| POWERGRID VEGETATION SERVICES LLC                   | Powergrid Services LLC                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      28678 | PA      | $28677.54     | 0.00%             | 2032-03-31      | Variable      | 9.04%                 | No            |                  2 | On Loan: No      |
| Vertex Pharmaceuticals Inc                          | Vertex Pharmaceuticals, Inc.                                                                         | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |         37 | NS      | $14467.74     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RYAN SPECIALTY GROUP                                | Ryan Specialty LLC                                                                                   | CUSIP: 78351MAA0<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |    1100000 | PA      | $1063152.75   | 0.05%             | 2030-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |   -4130361 | PA      | $-4130361.16  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                            | Encore Capital Group, Inc.                                                                           | CUSIP: 292554AR3<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    6100000 | PA      | $6446961.90   | 0.30%             | 2030-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| OUTCOMES GROUP HOLDINGS INC                         | Outcomes Group Holdings, Inc.                                                                        | CUSIP: N/A<br>LEI: 5493005V7ZG5K84MO728       | Long             | LON              | CORP              | US        |    2128540 | PA      | $2138799.87   | 0.10%             | 2031-05-06      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| CARTER INTERMEDIATE INC                             | Aegion Corp.                                                                                         | CUSIP: N/A<br>LEI: 549300AG3DVJURRIT691       | Long             | LON              | CORP              | US        |    4908399 | PA      | $4911491.46   | 0.23%             | 2028-05-17      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.     | SPDR S&P 500 ETF Trust                                                                               | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |        -19 | NC      | $-14886.50    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| YUM! BRANDS INC                                     | Yum! Brands, Inc.                                                                                    | CUSIP: 988498AP6<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    1987000 | PA      | $1920685.86   | 0.09%             | 2032-01-31      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| COBANK ACB                                          | CoBank ACB                                                                                           | CUSIP: 19075QAG7<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | EP               | CORP              | US        |     500000 | NS      | $512327.30    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN                            | Jefferies Finance LLC / JFIN Company-Issuer Corp.                                                    | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    7500000 | PA      | $7278444.75   | 0.34%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Starbucks Corp                                      | Starbucks Corp.                                                                                      | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |        176 | NS      | $15521.44     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                            | Simon Property Group, Inc.                                                                           | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |        105 | NS      | $18969.30     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEAMERICA FINL PARTNERS                            | OneAmerica Financial Partners, Inc.                                                                  | CUSIP: 682441AB6<br>LEI: 5493009S1SVD6UNUDB08 | Long             | DBT              | CORP              | US        |    1730000 | PA      | $1319876.63   | 0.06%             | 2050-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FIRST REPUBLIC BANK                                 | First Republic Bank                                                                                  | CUSIP: 33616C761<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EP               | CORP              | US        |      84800 | NS      | $8.48         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FIRSTDIGITAL COMMUNICATIONS LLC                     | FirstDigital Communications LLC                                                                      | CUSIP: N/A<br>LEI: 549300FTXU0H08IR2D04       | Long             | LON              | CORP              | US        |    7860000 | PA      | $7735788.42   | 0.36%             | 2026-12-17      | Variable      | 10.75%                | No            |                  3 | On Loan: No      |
| ResMed Inc                                          | ResMed, Inc.                                                                                         | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |         67 | NS      | $18392.17     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                                | Edison International                                                                                 | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |        336 | NS      | $18859.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |   -3222777 | PA      | $-3222776.75  | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| Palantir Technologies Inc                           | Palantir Technologies, Inc.                                                                          | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |        236 | NS      | $36983.56     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                                          | Deere & Co.                                                                                          | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |         32 | NS      | $15316.48     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co Inc                                     | Best Buy Company, Inc.                                                                               | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |        230 | NS      | $16937.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FUSION BUYER LLC                                    | Fusion Intermediate, LLC                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    2228226 | PA      | $2243088.27   | 0.10%             | 2030-06-06      | Variable      | 12.40%                | No            |                  2 | On Loan: No      |
| THUNDERBIRD 2022-1                                  | Thunderbird B                                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |    2700000 | PA      | $2529900.00   | 0.12%             | 2037-03-01      | Fixed         | 7.50%                 | No            |                  3 | On Loan: No      |
| KASEYA INC                                          | Kaseya, Inc.                                                                                         | CUSIP: N/A<br>LEI: 254900MISXMLRZ63NH46       | Long             | LON              | CORP              | US        |    4837875 | PA      | $4845276.95   | 0.23%             | 2032-03-22      | Variable      | 7.61%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Inc                                  | NextEra Energy, Inc.                                                                                 | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |        229 | NS      | $16499.45     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                                    | Exxon Mobil Corp.                                                                                    | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |        153 | NS      | $17486.37     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                                    | Societe Generale                                                                                     | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | US        |   -5209913 | PA      | $-5209912.70  | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| EQT Corp                                            | Equities Corp.                                                                                       | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |        310 | NS      | $16070.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Firstkey Homes Trust                                | FirstKey Homes Trust                                                                                 | CUSIP: 33767JBE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3000000 | PA      | $2983396.50   | 0.14%             | 2037-10-19      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LONESTAR INTERMEDIATE SUPER HOLDINGS LLC            | Asurion LLC                                                                                          | CUSIP: N/A<br>LEI: 549300KNQVXGIOXWK278       | Long             | LON              | CORP              | US        |    1800000 | PA      | $1778400.00   | 0.08%             | 2030-09-19      | Variable      | 8.57%                 | No            |                  2 | On Loan: No      |
| TRANSMONTAIGNE PARTNERS                             | TransMontaigne Partners LLC                                                                          | CUSIP: 89377AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1600000 | PA      | $1682969.60   | 0.08%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                          | U.S. Bancorp                                                                                         | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |        379 | NS      | $18506.57     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BOE HOLDING LLC                                     | Mauser Packaging Solutions Holding Co.                                                               | CUSIP: N/A<br>LEI: 549300DNGHXL0OMHW304       | Long             | LON              | CORP              | US        |    2263194 | PA      | $2262718.97   | 0.11%             | 2027-04-15      | Variable      | 7.35%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                 | JPMorgan Chase & Co.                                                                                 | CUSIP: 48128B549<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |      24000 | NS      | $485040.00    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Citrin Cooperman Advisors LLC                       | Citrin Cooperman Advisors LLC                                                                        | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |    -248485 | PA      | $-387.64      | -0.00%            | 2032-04-01      | Variable      | 1.00%                 | No            |                  3 | On Loan: No      |
| WEC Energy Group Inc                                | WEC Energy Group, Inc.                                                                               | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |        159 | NS      | $16935.09     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                                        | QUALCOMM, Inc.                                                                                       | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |        105 | NS      | $16876.65     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BEP INTERMEDIATE HOLDCO LLC                         | BEP Intermediate Holdco LLC                                                                          | CUSIP: N/A<br>LEI: 254900510SAMOPG9CQ76       | Long             | LON              | CORP              | US        |     891017 | PA      | $893805.75    | 0.04%             | 2031-04-28      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Endo Guc Trust                                      | Endo Guc Trust                                                                                       | CUSIP: 29281F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      13803 | NS      | $1.38         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Morgan Stanley Capital Services LLC                 | 6-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        |  -10090625 | NC      | $-22221.27    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Nasdaq Inc                                          | Nasdaq, Inc.                                                                                         | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |        193 | NS      | $18284.82     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs International                         | Foreign Exchange USD/JPY                                                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |    4857000 | NC      | $89936.53     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ANCHOR HOLDINGS SCA                                 | TVL Finance plc                                                                                      | CUSIP: N/A<br>LEI: 549300DUQXE7VXG8YA50       | Long             | DBT              | CORP              | JE        |    3500000 | PA      | $3985490.09   | 0.19%             | 2030-06-30      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                    | CSC Holdings LLC                                                                                     | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    2750000 | PA      | $2748394.22   | 0.13%             | 2028-05-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| Mettler-Toledo International I                      | Mettler-Toledo International, Inc.                                                                   | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |         14 | NS      | $18214.56     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas                                         | 6-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -10090625 | NC      | $-40557.45    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce, Toronto Branch  | Canadian Imperial Bank of Commerce                                                                   | CUSIP: N/A<br>LEI: 2IGI19DL77OX0HC3ZE78       | Short            | RA               | CORP              | CA        |   -1085354 | PA      | $-1085354.00  | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Lennar Corp                                         | Lennar Corp.                                                                                         | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |        149 | NS      | $19837.86     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Group/The                                     | Cigna Group                                                                                          | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |         54 | NS      | $16246.98     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| COLLER CREDIT BACKED LOANS & NOTES II LTD           | Coller Capital Ltd.                                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | RF                | US        |    1845664 | NS      | $2503111.37   | 0.12%             |  |  |  | No            |                  3 | On Loan: No      |
| Advanced Micro Devices Inc                          | Advanced Micro Devices, Inc.                                                                         | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |        138 | NS      | $22442.94     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GIBSON BRANDS INC                                   | Gibson Brands, Inc.                                                                                  | CUSIP: N/A<br>LEI: 549300KU4ACNZQGB7J14       | Long             | LON              | CORP              | US        |    4752625 | PA      | $4449645.16   | 0.21%             | 2028-08-11      | Variable      | 9.58%                 | No            |                  2 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |   -2723642 | PA      | $-2723641.77  | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| JB Hunt Transport Services Inc                      | J.B. Hunt Transport Services, Inc.                                                                   | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |        118 | NS      | $17108.82     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison Inc                             | Consolidated Edison, Inc.                                                                            | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |        163 | NS      | $16011.49     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS AG                                              | Foreign Exchange USD/JPY                                                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |   10190000 | NC      | $63632.98     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Inc                                       | Citigroup, Inc.                                                                                      | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |        214 | NS      | $20665.98     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Generate CLO Ltd.                                   | Generate CLO 21 Ltd.                                                                                 | CUSIP: 37150EAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    2800000 | PA      | $2465659.28   | 0.11%             | 2038-07-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AASET 2021-2 Trust                                  | AASET Trust                                                                                          | CUSIP: 00258BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3151017 | PA      | $2967663.13   | 0.14%             | 2047-01-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Waste Management Inc                                | Waste Management, Inc.                                                                               | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |         71 | NS      | $16073.69     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                                    | Crown Castle, Inc.                                                                                   | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |        168 | NS      | $16655.52     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Neuberger Berman CLO Ltd                            | Neuberger Berman Loan Advisers CLO 60 Ltd.                                                           | CUSIP: 640974AC5<br>LEI: 254900LV0LNHKC2KQJ62 | Long             | ABS-O            | CORP              | KY        |    1100000 | PA      | $978792.10    | 0.05%             | 2039-04-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                 | Charles Schwab Corp.                                                                                 | CUSIP: 808513BJ3<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |    3150000 | NS      | $2880122.81   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Generac Holdings Inc                                | Generac Holdings, Inc.                                                                               | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |        129 | NS      | $23897.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cerberus                                            | Cerberus Loan Funding XLVII LLC                                                                      | CUSIP: 156945AG2<br>LEI: 635400CIDEC6DQX2EU90 | Long             | ABS-O            | CORP              | US        |    2450000 | PA      | $2470026.79   | 0.11%             | 2036-07-15      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                         | 1-Year/2-Year Interest Rate Swap                                                                     | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -16145000 | NC      | $-66183.36    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Ingersoll Rand Inc                                  | Ingersoll Rand, Inc.                                                                                 | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |        201 | NS      | $15965.43     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                             | Goldman Sachs & Co. LLC                                                                              | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Short            | RA               | CORP              | US        |   -4374535 | PA      | $-4374534.85  | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                            | United Wholesale Mortgage LLC                                                                        | CUSIP: 913229AC4<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    1400000 | PA      | $1398383.14   | 0.07%             | 2027-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp                               | Truist Financial Corp.                                                                               | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |        415 | NS      | $19430.30     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Erie Indemnity Co                                   | Erie Indemnity Co.                                                                                   | CUSIP: 29530P102<br>LEI: 549300WA5KP94KRUFZ80 | Long             | EC               | CORP              | US        |         47 | NS      | $16655.86     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| INTL FLAVOR & FRAGRANCES                            | International Flavors & Fragrances, Inc.                                                             | CUSIP: 459506AN1<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |    1258000 | PA      | $1254272.65   | 0.06%             | 2025-10-01      | Fixed         | 1.23%                 | No            |                  2 | On Loan: No      |
| Cerberus                                            | Cerberus Loan Funding XLV LLC                                                                        | CUSIP: 15675FAG3<br>LEI: 6354005BRQJC9NIG3407 | Long             | ABS-O            | CORP              | US        |    5000000 | PA      | $5046581.00   | 0.23%             | 2036-04-15      | Floating      | 9.32%                 | No            |                  2 | On Loan: No      |
| Solventum Corp                                      | Solventum Corp.                                                                                      | CUSIP: 83444M101<br>LEI: 254900I70403OSGY4M28 | Long             | EC               | CORP              | US        |        225 | NS      | $16445.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc                                  | Steel Dynamics, Inc.                                                                                 | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |        129 | NS      | $16888.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp                          | Capital One Financial Corp.                                                                          | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |         83 | NS      | $18859.26     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AVANTOR FUNDING INC                                 | Avantor Funding, Inc.                                                                                | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |     925000 | PA      | $878888.84    | 0.04%             | 2029-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MORAN FOODS LLC                                     | Moran Foods LLC                                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     755309 | PA      | $510810.43    | 0.02%             | 2026-06-30      | Variable      | 11.65%                | No            |                  3 | On Loan: No      |
| CUSHMAN & WAKEFIELD US                              | Cushman & Wakefield US Borrower LLC                                                                  | CUSIP: 23166MAA1<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |    4800000 | PA      | $4847308.80   | 0.23%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CURRICULUM ASSOCIATES LLC                           | Curriculum Associates LLC                                                                            | CUSIP: N/A<br>LEI: 254900F1U1TH1N97NR19       | Long             | LON              | CORP              | US        |    4200000 | PA      | $4179986.83   | 0.19%             | 2032-05-07      | Variable      | 8.95%                 | No            |                  3 | On Loan: No      |
| Bank of America Corp                                | Bank of America Corp.                                                                                | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |        374 | NS      | $18976.76     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |   -3782754 | PA      | $-3782753.75  | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| EISNER ADVISORY GROUP                               | Eisner Advisory Group                                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    8323830 | PA      | $8370693.31   | 0.39%             | 2031-02-28      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                               | 12-Month/2-Year Interest Rate Swap                                                                   | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DIR              |  | US        |   44135473 | NC      | $291350.17    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                    | LPL Holdings, Inc.                                                                                   | CUSIP: 50212YAF1<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |     476000 | PA      | $459011.70    | 0.02%             | 2031-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MIRABELA NICKEL LTD                                 | Mirabela Nickel Ltd.                                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | AU        |    2667995 | PA      | $6669.99      | 0.00%             | 2019-06-24      | Variable      | 9.50%                 | Yes           |                  3 | On Loan: No      |
| RBC Capital Markets, LLC                            | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |   -6860472 | PA      | $-6860471.52  | -0.32%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                 | 1-Year/2-Year Interest Rate Swap                                                                     | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        |  -14126875 | NC      | $-54055.64    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                              | CCO Holdings LLC / CCO Holdings Capital Corp.                                                        | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     538000 | PA      | $479874.43    | 0.02%             | 2033-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LONESTAR INTERMEDIATE SUPER HOLDINGS LLC            | Asurion LLC                                                                                          | CUSIP: N/A<br>LEI: 549300KNQVXGIOXWK278       | Long             | LON              | CORP              | US        |     694750 | PA      | $685523.72    | 0.03%             | 2030-09-19      | Variable      | 8.57%                 | No            |                  2 | On Loan: No      |
| AMERICAN FINANCIAL GROUP                            | American Financial Group, Inc.                                                                       | CUSIP: 025932864<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EP               | CORP              | US        |     100000 | NS      | $1747000.00   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| NEXUS PARENT LLC                                    | IntraFi                                                                                              | CUSIP: N/A<br>LEI: 254900PILSANV8WOOF24       | Long             | LON              | CORP              | US        |    3300000 | PA      | $3279375.00   | 0.15%             | 2032-01-31      | Variable      | 10.07%                | No            |                  2 | On Loan: No      |
| Ford Motor Co                                       | Ford Motor Co.                                                                                       | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |       1571 | NS      | $18490.67     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEMAIN FINANCE CORP                                | OneMain Finance Corp.                                                                                | CUSIP: 682691AA8<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    2200000 | PA      | $2033616.42   | 0.09%             | 2030-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ESSENDI SA                                          | AccorInvest Group S.A.                                                                               | CUSIP: N/A<br>LEI: 2221000MD2YP7WLTNC52       | Long             | DBT              | CORP              | LU        |     600000 | PA      | $705093.83    | 0.03%             | 2032-05-15      | Variable      | 5.79%                 | No            |                  2 | On Loan: No      |
| BLUE RIBBON LLC (USA)                               | Blue Ribbon LLC                                                                                      | CUSIP: N/A<br>LEI: 549300NQM7J4KC44D416       | Long             | LON              | CORP              | US        |    2091950 | PA      | $2081490.08   | 0.10%             | 2028-05-08      | Variable      | 6.14%                 | No            |                  3 | On Loan: No      |
| Bank of America, N.A.                               | Foreign Exchange EUR/USD                                                                             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |   19423000 | NC      | $451.77       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Autodesk Inc                                        | Autodesk, Inc.                                                                                       | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |         56 | NS      | $17623.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ARSENAL AIC HOLDINGS LP                             | Arsenal AIC Parent LLC                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     884351 | PA      | $884076.82    | 0.04%             | 2030-08-19      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| SHILTON MIDCO 2 LTD                                 | Shilton BidCo Ltd.                                                                                   | CUSIP: N/A<br>LEI: 549300JUUQPK8NFDUB17       | Long             | LON              | CORP              | GB        |     900000 | PA      | $1056012.64   | 0.05%             | 2030-01-14      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| Jabil Inc                                           | Jabil, Inc.                                                                                          | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |         94 | NS      | $19254.02     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Start Ltd.                                          | Start II Ltd.                                                                                        | CUSIP: 85573LAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | BM        |    1610371 | PA      | $1600225.58   | 0.07%             | 2044-03-15      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| DISCOVERY PURCHASER CORP                            | Discovery Purchaser Corp.                                                                            | CUSIP: N/A<br>LEI: 2549001LSO1ZBIPA5D65       | Long             | LON              | CORP              | US        |    1676586 | PA      | $1671002.50   | 0.08%             | 2029-10-04      | Variable      | 8.08%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                 | 6-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        |  -10090625 | NC      | $-40657.65    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                      | Whirlpool Corp.                                                                                      | CUSIP: 963320AV8<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |     550000 | PA      | $414210.12    | 0.02%             | 2046-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                        | US Foods, Inc.                                                                                       | CUSIP: 90290MAE1<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    2500000 | PA      | $2438132.75   | 0.11%             | 2030-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| INGENOVIS HEALTH INC                                | CCRR Parent, Inc.                                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    6591434 | PA      | $1977430.22   | 0.09%             | 2028-03-06      | Variable      | 8.71%                 | No            |                  2 | On Loan: No      |
| Sysco Corp                                          | Sysco Corp.                                                                                          | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |        224 | NS      | $18025.28     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                      | Amazon.com, Inc.                                                                                     | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |         79 | NS      | $18091.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc                                    | CoStar Group, Inc.                                                                                   | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |        205 | NS      | $18345.45     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AI AQUA MERGER SUB INC                              | Culligan                                                                                             | CUSIP: N/A<br>LEI: 5493005QMH1D47U26R45       | Long             | LON              | CORP              | US        |    3721945 | PA      | $3722131.35   | 0.17%             | 2028-07-31      | Variable      | 7.35%                 | No            |                  2 | On Loan: No      |
| FCG ACQUISITIONS INC                                | FCG Acquisitions, Inc.                                                                               | CUSIP: N/A<br>LEI: 254900BHD5AK9H7EKF91       | Long             | LON              | CORP              | US        |    5014473 | PA      | $5021292.69   | 0.23%             | 2028-03-31      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp                                | Targa Resources Corp.                                                                                | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |         99 | NS      | $16608.24     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Global Market Strategi                      | Carlyle US CLO 2025-4 Ltd.                                                                           | CUSIP: 142919AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    2350000 | PA      | $2095965.00   | 0.10%             | 2037-10-25      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| PUSHPAY USA INC                                     | Pushpay USA, Inc.                                                                                    | CUSIP: N/A<br>LEI: 9845001D6794B3C1FF33       | Long             | LON              | CORP              | US        |    3880500 | PA      | $3895051.88   | 0.18%             | 2031-08-15      | Variable      | 8.30%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                         | 9-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |   32082500 | NC      | $519207.14    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |   -1809554 | PA      | $-1809554.41  | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                             | Global Partners Limited Partnership / GLP Finance Corp.                                              | CUSIP: 37954FAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    2980000 | PA      | $3019949.88   | 0.14%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CELLNEX FINANCE                                     | Cellnex Finance Company S.A.                                                                         | CUSIP: 15118JAA3<br>LEI: 549300OUROMFTRFA7T23 | Long             | DBT              | CORP              | ES        |    1750000 | PA      | $1367189.08   | 0.06%             | 2041-07-07      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Aflac Inc                                           | Aflac, Inc.                                                                                          | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |        165 | NS      | $17631.90     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JB POINDEXTER & CO INC                              | JB Poindexter & Company, Inc.                                                                        | CUSIP: 465965AC5<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |    3020000 | PA      | $3119029.82   | 0.15%             | 2031-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| NIKE Inc                                            | NIKE, Inc.                                                                                           | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |        263 | NS      | $20348.31     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                                          | Copart, Inc.                                                                                         | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |        331 | NS      | $16156.11     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                                      | Lowe's Companies, Inc.                                                                               | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |         76 | NS      | $19612.56     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTERIX HOLDCO AG                                   | Asterix AcquiCo GmbH                                                                                 | CUSIP: N/A<br>LEI: 254900V7YIND4ZZA4924       | Long             | LON              | CORP              | DE        |    1100000 | PA      | $1292368.08   | 0.06%             | 2032-03-30      | Variable      | 6.77%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                            | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |   -1923302 | PA      | $-1923301.62  | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| RAINBOW MIDCO LTD                                   | Rainbow Finco SARL                                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |     700000 | PA      | $689500.00    | 0.03%             | 2029-02-24      | Variable      | 8.58%                 | No            |                  3 | On Loan: No      |
| Cerberus                                            | Cerberus Loan Funding XLII LLC                                                                       | CUSIP: 15675CAE5<br>LEI: 635400CIKKARDIZZL727 | Long             | ABS-O            | CORP              | US        |    5750000 | PA      | $5750000.00   | 0.27%             | 2035-09-13      | Floating      | 8.47%                 | No            |                  2 | On Loan: No      |
| HEALTHCHANNELS INTERMEDIATE HOLDCO LLC              | ScribeAmerica Intermediate Holdco LLC (Healthchannels)                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    2466616 | PA      | $1837628.94   | 0.09%             | 2025-12-15      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Arista Networks Inc                                 | Arista Networks, Inc.                                                                                | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |        178 | NS      | $24305.90     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                          | Fannie Mae                                                                                           | CUSIP: 3140QSFR7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1810177 | PA      | $1792364.49   | 0.08%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Insulet Corp                                        | Insulet Corp.                                                                                        | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |         55 | NS      | $18693.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |    -981729 | PA      | $-981729.10   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| FLNG LIQUEFACTION 2 LLC                             | FLNG Liquefaction 2 LLC                                                                              | CUSIP: 33972PAA7<br>LEI: 5493008RXZY6NJ5WF161 | Long             | DBT              | CORP              | US        |     215078 | PA      | $198658.26    | 0.01%             | 2038-03-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ALBION JVCO LTD                                     | Albion Financing 1 SARL                                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | GB        |    1700000 | PA      | $2055928.33   | 0.10%             | 2030-05-21      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Labrador Aviation Finance Limi                      | Labrador Aviation Finance Ltd.                                                                       | CUSIP: 50543LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2896870 | PA      | $2824332.66   | 0.13%             | 2042-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| MSC MEDITERRANEAN SHIPPING CO SA                    | Terminal Investment Limited Holding                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | LU        |    2600000 | PA      | $2575482.00   | 0.12%             | 2040-10-01      | Fixed         | 6.23%                 | No            |                  3 | On Loan: No      |
| Rollins Inc                                         | Rollins, Inc.                                                                                        | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |        294 | NS      | $16622.76     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                                    | Societe Generale                                                                                     | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | US        |   -4201609 | PA      | $-4201608.66  | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                 | CURRENCY CONTRACT - Rec EUR / Deliver USD                                                            | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |     175000 | NC      | $1123.59      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Owl Rock CLO Ltd                                    | Owl Rock CLO XVI LLC                                                                                 | CUSIP: 69120YAE5<br>LEI: 254900BHMAVJ8X5TCA77 | Long             | ABS-O            | CORP              | US        |    2650000 | PA      | $2660859.70   | 0.12%             | 2036-04-20      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| SGH2 LLC                                            | Scenic Cruises                                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    3400000 | PA      | $3400102.00   | 0.16%             | 2032-07-19      | Variable      | 8.51%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 16 Ltd                                  | Elmwood CLO 16 Ltd.                                                                                  | CUSIP: 29003DAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    1500000 | PA      | $1502845.05   | 0.07%             | 2037-04-20      | Floating      | 11.08%                | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                               | Foreign Exchange EUR/USD                                                                             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |   18237000 | NC      | $63466.76     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PACIFIC BEACON LLC                                  | Pacific Beacon LLC                                                                                   | CUSIP: 69403WAG2<br>LEI: 549300RDBP3BJOLTTC39 | Long             | DBT              | CORP              | US        |     643216 | PA      | $573083.76    | 0.03%             | 2051-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OP LLC                              | Clearway Energy Operating LLC                                                                        | CUSIP: 18539UAE5<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |     525000 | PA      | $472617.23    | 0.02%             | 2032-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| METIS ISSUER 2025-1 LLC                             | Metis Issuer, LLC                                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |    4150000 | PA      | $4129540.50   | 0.19%             | 2055-05-15      | Fixed         | 6.89%                 | No            |                  3 | On Loan: No      |
| UNIFORM MBS                                         | Uniform MBS 30 Year                                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |   19059000 | PA      | $19731839.88  | 0.92%             | 2025-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                         | 6-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -10090625 | NC      | $-46323.64    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BERLIN PACKAGING LLC                                | Berlin Packaging LLC                                                                                 | CUSIP: N/A<br>LEI: 549300L1HNHO6QOXHH42       | Long             | LON              | CORP              | US        |     466481 | PA      | $467572.45    | 0.02%             | 2031-06-09      | Variable      | 7.59%                 | No            |                  2 | On Loan: No      |
| Interpublic Group of Cos Inc/T                      | Interpublic Group of Companies, Inc.                                                                 | CUSIP: 460690100<br>LEI: 5493008IUOJ5VWTRC333 | Long             | EC               | CORP              | US        |        702 | NS      | $18841.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc                                        | Assurant, Inc.                                                                                       | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |         85 | NS      | $18326.85     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                                    | Societe Generale                                                                                     | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | US        |   -4495221 | PA      | $-4495221.07  | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| EQUITABLE HOLDINGS INC                              | Equitable Holdings, Inc.                                                                             | CUSIP: 29452E408<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EP               | CORP              | US        |      82000 | NS      | $1422700.00   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| KUVARE US HOLDINGS INC                              | Kuvare US Holdings, Inc.                                                                             | CUSIP: 50149XAA2<br>LEI: 254900MGBERNLZXF7O58 | Long             | EP               | CORP              | US        |    1430000 | NS      | $1424965.26   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| ATLANTIC AVIATION HOLDINGS CORP                     | Atlantic Aviation                                                                                    | CUSIP: N/A<br>LEI: 2549001SCJD3WEYJFM53       | Long             | LON              | CORP              | US        |    4931425 | PA      | $4930488.25   | 0.23%             | 2031-09-23      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| BRITISH TELECOMMUNICATIO                            | British Telecommunications plc                                                                       | CUSIP: 11102AAG6<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |    5550000 | PA      | $5209645.70   | 0.24%             | 2081-11-23      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| ARMOR PARENT CORP                                   | Accuride Corp                                                                                        | CUSIP: N/A<br>LEI: 549300MC6XO5P96H8E79       | Long             | EC               | CORP              | US        |    3087395 | NS      | $308.74       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                            | Acadia Healthcare Company, Inc.                                                                      | CUSIP: 00404AAP4<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |    2400000 | PA      | $2345780.64   | 0.11%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                    | Societe Generale                                                                                     | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |    -497185 | PA      | $-497185.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Teradyne Inc                                        | Teradyne, Inc.                                                                                       | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |        193 | NS      | $22820.32     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITABLE HOLDINGS INC                              | Equitable Holdings, Inc.                                                                             | CUSIP: 29452EAD3<br>LEI: 549300FIBAKMNHPZ4009 | Long             | DBT              | CORP              | US        |    4050000 | PA      | $4134227.85   | 0.19%             | 2055-03-28      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                                  | Kennedy-Wilson, Inc.                                                                                 | CUSIP: 489399AN5<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |    1450000 | PA      | $1359201.00   | 0.06%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Citibank, N.A.                                      | CURRENCY CONTRACT - Rec CAD / Deliver USD                                                            | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | N/A              | DFE              |  | US        |      56000 | NC      | $199.25       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHG PPC PARENT LLC                                  | CHG PPC Parent LLC                                                                                   | CUSIP: N/A<br>LEI: 54930019XJQNJAGXQ664       | Long             | LON              | CORP              | US        |    2500000 | PA      | $2925002.93   | 0.14%             | 2028-12-08      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| Labcorp Holdings Inc                                | Labcorp Holdings, Inc.                                                                               | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         64 | NS      | $17791.36     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CLIMATER BIDCO II                                   | Climater Bidco II                                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | FR        |    2450000 | PA      | $2859336.61   | 0.13%             | 2032-03-31      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                              | Arsenal AIC Parent LLC                                                                               | CUSIP: 04288BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1550000 | PA      | $1641738.30   | 0.08%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Carrier Global Corp                                 | Carrier Global Corp.                                                                                 | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |        231 | NS      | $15061.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                                        | Entergy Corp.                                                                                        | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |        204 | NS      | $17970.36     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AMSPEC PARENT LLC                                   | AmSpec Parent LLC                                                                                    | CUSIP: N/A<br>LEI: 254900LUGRP5Z7OOV477       | Long             | LON              | CORP              | US        |     520000 | PA      | $522111.20    | 0.02%             | 2031-12-22      | Variable      | 7.80%                 | No            |                  2 | On Loan: No      |
| Axon Enterprise Inc                                 | Axon Enterprise, Inc.                                                                                | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |         22 | NS      | $16440.38     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| STS OPERATING INC                                   | STS Operating, Inc.                                                                                  | CUSIP: N/A<br>LEI: 549300HW5C2VGPZCHL57       | Long             | LON              | CORP              | US        |    3950000 | PA      | $3914213.00   | 0.18%             | 2031-03-25      | Variable      | 8.42%                 | No            |                  2 | On Loan: No      |
| AIR CANADA                                          | Air Canada                                                                                           | CUSIP: 008911BK4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |     825000 | PA      | $815029.78    | 0.04%             | 2026-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GoDaddy Inc                                         | GoDaddy, Inc.                                                                                        | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |         95 | NS      | $14089.45     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Aligned Data Centers Issuer LL                      | Aligned Data Centers Issuer LLC                                                                      | CUSIP: 01627AAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1500000 | PA      | $1449917.55   | 0.07%             | 2046-08-15      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| CLEARWATER PAPER CORP                               | Clearwater Paper Corp.                                                                               | CUSIP: 18538RAJ2<br>LEI: 549300HCVV19GXN4P292 | Long             | DBT              | CORP              | US        |    2547000 | PA      | $2410811.91   | 0.11%             | 2028-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                 | 6-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        |  -10090625 | NC      | $-22673.74    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                               | Caesars Entertainment, Inc.                                                                          | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     225000 | PA      | $220601.97    | 0.01%             | 2032-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC                                | Howmet Aerospace, Inc.                                                                               | CUSIP: 443201AB4<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |    1175000 | PA      | $1130201.95   | 0.05%             | 2029-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Dow Inc                                             | Dow, Inc.                                                                                            | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |        543 | NS      | $13374.09     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ASCEND PERFORMANCE MATERIALS HOLDINGS INC           | AqGen Island Holdings, Inc.                                                                          | CUSIP: N/A<br>LEI: 549300NIMFUIRMMAGQ29       | Long             | LON              | CORP              | US        |    4134061 | PA      | $4134929.57   | 0.19%             | 2028-08-02      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| FOUNDATION BUILDING MATERIALS HOLDING COMPANY LLC   | Foundation Building Materials Holding Company LLC                                                    | CUSIP: N/A<br>LEI: 549300X5S4H9C8CNO521       | Long             | LON              | CORP              | US        |    4098125 | PA      | $4109394.84   | 0.19%             | 2031-01-29      | Variable      | 8.31%                 | No            |                  2 | On Loan: No      |
| Intel Corp                                          | Intel Corp.                                                                                          | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |        809 | NS      | $19699.15     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc                              | Tyler Technologies, Inc.                                                                             | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |         29 | NS      | $16323.52     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CELESTIAL-SATURN PARENT INC                         | CoreLogic, Inc.                                                                                      | CUSIP: N/A<br>LEI: 54930086CD8K2UIL0516       | Long             | LON              | CORP              | US        |    3519676 | PA      | $3507356.64   | 0.16%             | 2028-06-02      | Variable      | 7.93%                 | No            |                  2 | On Loan: No      |
| L3Harris Technologies Inc                           | L3Harris Technologies, Inc.                                                                          | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |         68 | NS      | $18878.16     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY                               | Wells Fargo & Co.                                                                                    | CUSIP: 94988U128<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |     148000 | NS      | $2835680.00   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Albemarle Corp                                      | Albemarle Corp.                                                                                      | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |        219 | NS      | $18597.48     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                           | Apple, Inc.                                                                                          | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |         84 | NS      | $19499.76     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                           | Caesars Entertainment, Inc.                                                                          | CUSIP: N/A<br>LEI: 549300FA4CTCW903Y781       | Long             | LON              | CORP              | US        |    1975000 | PA      | $1967593.75   | 0.09%             | 2031-02-06      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                         | Freddie Mac                                                                                          | CUSIP: 3133KPZC5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    5056897 | PA      | $5014895.25   | 0.23%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CBC INSURANCE REVENUE SECURITI                      | CBC Insurance Revenue Securitization LLC                                                             | CUSIP: 12479MAH1<br>LEI: 54930084NLD71YMN4154 | Long             | ABS-O            | CORP              | US        |     260156 | PA      | $236985.69    | 0.01%             | 2046-07-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| DATIX BIDCO LIMITED                                 | Datix Bidco Ltd.                                                                                     | CUSIP: N/A<br>LEI: 9845006BT9AF870CZ249       | Long             | LON              | CORP              | US        |    1110000 | PA      | $1110000.00   | 0.05%             | 2031-04-30      | Variable      | 9.54%                 | No            |                  3 | On Loan: No      |
| PepsiCo Inc                                         | PepsiCo, Inc.                                                                                        | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |        128 | NS      | $19027.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HANGER INC                                          | Hanger, Inc.                                                                                         | CUSIP: N/A<br>LEI: 254900ZJJJYVLHJXSZ60       | Short            | LON              | CORP              | US        |    -455703 | PA      | $0.00         | 0.00%             | 2031-10-23      | Variable      | 3.50%                 | No            |                  3 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                           | CURRENCY CONTRACT - Rec USD / Deliver CAD                                                            | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |   -3520000 | NC      | $-4893.99     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HP COMMUNITIES LLC                                  | HP Communities LLC                                                                                   | CUSIP: 44329HAV6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1000000 | PA      | $765008.90    | 0.04%             | 2053-09-15      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| Williams Cos Inc/The                                | Williams Companies, Inc.                                                                             | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |        282 | NS      | $16322.16     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ROPER INDUSTRIAL PRODUCTS INVESTMENT CO             | Indicor LLC                                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    3092231 | PA      | $3626958.18   | 0.17%             | 2029-11-22      | Variable      | 5.48%                 | No            |                  2 | On Loan: No      |
| Guggenheim Active Allocation F                      | Guggenheim Active Allocation Fund                                                                    | CUSIP: 40170T106<br>LEI: 549300WVFF2XZ68PVT94 | Long             | EC               | RF                | US        |     950000 | NS      | $14991000.00  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC                                 | TE Connectivity plc                                                                                  | CUSIP: N/A<br>LEI: 6367003TB6K484NFHE54       | Long             | EC               | CORP              | US        |        101 | NS      | $20856.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                              | UnitedHealth Group, Inc.                                                                             | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |         53 | NS      | $16423.11     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs International                         | Foreign Exchange USD/JPY                                                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |    3885000 | NC      | $71938.12     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Eversource Energy                                   | Eversource Energy                                                                                    | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |        255 | NS      | $16337.85     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                         | Freddie Mac                                                                                          | CUSIP: 3132DNST1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    1443830 | PA      | $1371766.03   | 0.06%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAMBA PURCHASER INC                                 | MDVIP                                                                                                | CUSIP: N/A<br>LEI: 549300EAB6F7TKRLOT57       | Long             | LON              | CORP              | US        |    1000000 | PA      | $999580.00    | 0.05%             | 2031-10-16      | Variable      | 7.34%                 | No            |                  2 | On Loan: No      |
| Pfizer Inc                                          | Pfizer, Inc.                                                                                         | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |        682 | NS      | $16886.32     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Project Silver                                      | Project Silver                                                                                       | CUSIP: 827304AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    6943230 | PA      | $6720838.73   | 0.31%             | 2044-07-15      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| LUMMUS TECHNOLOGY HOLDINGS V LLC                    | Lummus Technology Holdings V LLC                                                                     | CUSIP: N/A<br>LEI: 549300K1Y0YC1YC1H809       | Long             | LON              | CORP              | US        |    3258874 | PA      | $3269351.03   | 0.15%             | 2029-12-31      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| VALCOUR PACKAGING LLC                               | Valcour Packaging LLC                                                                                | CUSIP: N/A<br>LEI: 254900JCJHQJK9LWF787       | Long             | LON              | CORP              | US        |     443893 | PA      | $374201.47    | 0.02%             | 2028-10-04      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| ARES FINANCE CO IV LLC                              | Ares Finance Company IV LLC                                                                          | CUSIP: 039936AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    4100000 | PA      | $2827722.60   | 0.13%             | 2052-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Expedia Group Inc                                   | Expedia Group, Inc.                                                                                  | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |         97 | NS      | $20835.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS BANK PLC                                   | 6-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DIR              |  | GB        |  -10090625 | NC      | $-50126.79    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                              | Venture Global LNG, Inc.                                                                             | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | EP               | CORP              | US        |    1800000 | NS      | $1787475.24   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| AutoZone Inc                                        | AutoZone, Inc.                                                                                       | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |          5 | NS      | $20992.65     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc                                   | Brown & Brown, Inc.                                                                                  | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |        159 | NS      | $15415.05     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSURANT INC                                        | Assurant, Inc.                                                                                       | CUSIP: 04621X306<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EP               | CORP              | US        |      58000 | NS      | $1183780.00   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| GREAT LAKES DREDGE&DOCK                             | Great Lakes Dredge & Dock Corp.                                                                      | CUSIP: 390607AF6<br>LEI: 549300H65E3MZ1CX0P05 | Long             | DBT              | CORP              | US        |    4500000 | PA      | $4325349.15   | 0.20%             | 2029-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SUNRISE FINCO I BV                                  | Sunrise FinCo I B.V.                                                                                 | CUSIP: 90320BAA7<br>LEI: 213800MNFBDEQRS6HZ22 | Long             | DBT              | CORP              | NL        |    4550000 | PA      | $4347343.00   | 0.20%             | 2031-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LSTAR Securities Investment Lt                      | LSTAR Securities Investment Ltd.                                                                     | CUSIP: 54916LAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    3269124 | PA      | $3287684.92   | 0.15%             | 2029-01-01      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| Mach I                                              | MACH 1 Cayman Ltd.                                                                                   | CUSIP: 55446MAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    1152203 | PA      | $1138376.09   | 0.05%             | 2039-10-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                             | Dryden 37 Senior Loan Fund                                                                           | CUSIP: 26249YAE1<br>LEI: 254900I0IPNA482LDS44 | Long             | ABS-O            | CORP              | KY        |    1050000 | PA      | $4964.40      | 0.00%             | 2031-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BOOTS GROUP BIDCO LTD                               | Boots Group Finco L.P.                                                                               | CUSIP: N/A<br>LEI: 254900YVLYOVF1PF1N93       | Long             | DBT              | CORP              | US        |    2200000 | PA      | $2641512.51   | 0.12%             | 2032-08-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BX Trust                                            | BX Trust                                                                                             | CUSIP: 05610DAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2750000 | PA      | $2768892.23   | 0.13%             | 2038-05-15      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| CFC USA 2025 LLC                                    | CFC USA 2025 LLC                                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    3200000 | PA      | $3170016.00   | 0.15%             | 2032-05-29      | Variable      | 8.04%                 | No            |                  2 | On Loan: No      |
| Mastercard Inc                                      | Mastercard, Inc.                                                                                     | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |         28 | NS      | $16668.12     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES, INC.                               | BofA Securities, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Short            | RA               | CORP              | US        |   -4247281 | PA      | $-4247281.49  | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| STUDENT TRANSPORTATION OF AMERICA HOLDINGS INC      | Student Transportation Of America Holdings, Inc.                                                     | CUSIP: N/A<br>LEI: 549300O4G48RRYGSD439       | Long             | LON              | CORP              | US        |       9600 | PA      | $9630.05      | 0.00%             | 2032-06-24      | Variable      | 7.56%                 | No            |                  2 | On Loan: No      |
| Jacobs Solutions Inc                                | Jacobs Solutions, Inc.                                                                               | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        132 | NS      | $19302.36     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| POST HOLDINGS INC                                   | Post Holdings, Inc.                                                                                  | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    3925000 | PA      | $3661349.12   | 0.17%             | 2031-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Monolithic Power Systems Inc                        | Monolithic Power Systems, Inc.                                                                       | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |         23 | NS      | $19222.48     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America, N.A.                               | Foreign Exchange EUR/USD                                                                             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |    6834000 | NC      | $172.79       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ENDO LP                                             | Endo Luxembourg Finance Co I SARL / Endo US, Inc.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |    1900000 | NS      | $190.00       | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Fastenal Co                                         | Fastenal Co.                                                                                         | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |        393 | NS      | $19516.38     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| APAVE SA                                            | Apave S.A.                                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | FR        |    1150000 | PA      | $1348299.99   | 0.06%             | 2031-12-09      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| THUNDERBIRD 2022-1                                  | Lightning A                                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |   21200000 | PA      | $19776844.00  | 0.92%             | 2037-03-01      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| SILVER LAKE (OFFSHORE) AIV GP V LTD                 | Zephyr Bidco Ltd.                                                                                    | CUSIP: N/A<br>LEI: 549300ZI8D8NFMCTDS74       | Long             | LON              | CORP              | GB        |    3000000 | PA      | $4058170.02   | 0.19%             | 2028-07-20      | Variable      | 9.47%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                            | 1011778 BC ULC / New Red Finance, Inc.                                                               | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     725000 | PA      | $677888.49    | 0.03%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                          | Fannie Mae                                                                                           | CUSIP: 31418FLR6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   12630862 | PA      | $12706925.47  | 0.59%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TALBOT INTERNATIONAL SAS                            | Talbot Participation SAS                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | FR        |    2550000 | PA      | $2999345.38   | 0.14%             | 2032-06-27      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| BIB MERCHANT VOUCHER RECEIVABLES LTD                | Bib Merchant Voucher Receivables Ltd.                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |     501867 | PA      | $500426.64    | 0.02%             | 2028-04-07      | Fixed         | 4.18%                 | No            |                  3 | On Loan: No      |
| Sonic Capital LLC                                   | Sonic Capital LLC                                                                                    | CUSIP: 83546DAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     760000 | PA      | $732661.43    | 0.03%             | 2050-01-20      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| VeriSign Inc                                        | VeriSign, Inc.                                                                                       | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |         60 | NS      | $16402.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CLARIOS INTERNATIONAL INC                           | Clarios Global, LP                                                                                   | CUSIP: N/A<br>LEI: 549300474L1ZLXZY2P98       | Long             | LON              | CORP              | CA        |    1400000 | PA      | $1400000.00   | 0.07%             | 2032-01-28      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| STERIS PLC                                          | STERIS plc                                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |         70 | NS      | $17154.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FINASTRA SUBCO LTD                                  | Finastra                                                                                             | CUSIP: N/A<br>LEI: 549300ZB2RO6QC7YTK71       | Long             | LON              | CORP              | US        |    4838750 | PA      | $4790362.50   | 0.22%             | 2029-09-13      | Variable      | 11.43%                | No            |                  2 | On Loan: No      |
| HAMPTON ROADS PPV LLC                               | Hampton Roads PPV LLC                                                                                | CUSIP: 409322AD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    4390000 | PA      | $3504361.40   | 0.16%             | 2053-06-15      | Fixed         | 6.62%                 | No            |                  3 | On Loan: No      |
| General Electric Co                                 | General Electric Co.                                                                                 | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |         68 | NS      | $18713.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPSTONE BORROWER INC                               | Capstone Borrower, Inc.                                                                              | CUSIP: 140944AA7<br>LEI: 254900YSP2BAI3YKIX08 | Long             | DBT              | CORP              | US        |    3800000 | PA      | $3978873.60   | 0.19%             | 2030-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Leidos Holdings Inc                                 | Leidos Holdings, Inc.                                                                                | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |        115 | NS      | $20805.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AMFAM HOLDINGS INC                                  | AmFam Holdings, Inc.                                                                                 | CUSIP: 03115AAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    7200000 | PA      | $4542469.78   | 0.21%             | 2051-03-11      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| DuPont de Nemours Inc                               | DuPont de Nemours, Inc.                                                                              | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |        240 | NS      | $18460.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WAMU Asset-Backed Certificates                      | WaMu Asset-Backed Certificates WaMu Series                                                           | CUSIP: 93363XAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1415541 | PA      | $1058560.86   | 0.05%             | 2047-07-25      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| DOGWOOD TERM LOANS                                  | Dogwood State Bank                                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |   10000000 | PA      | $10058600.00  | 0.47%             | 2032-06-24      | Fixed         | 6.45%                 | No            |                  3 | On Loan: No      |
| General Dynamics Corp                               | General Dynamics Corp.                                                                               | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |         61 | NS      | $19798.77     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp                             | Marathon Petroleum Corp.                                                                             | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |        102 | NS      | $18330.42     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| STRIP PRINC                                         | U.S. Treasury Bonds                                                                                  | CUSIP: 912803ER0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    5060000 | PA      | $1810368.27   | 0.08%             | 2046-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SOLERA CORP                                         | Polaris Newco LLC                                                                                    | CUSIP: N/A<br>LEI: 254900LEPDAG7EDOA064       | Long             | LON              | CORP              | US        |    2480670 | PA      | $2711148.65   | 0.13%             | 2028-06-02      | Variable      | 5.78%                 | No            |                  2 | On Loan: No      |
| 3M Co                                               | 3M Co.                                                                                               | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |        114 | NS      | $17730.42     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                          | Fannie Mae                                                                                           | CUSIP: 3140QPFZ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    2532752 | PA      | $2385169.50   | 0.11%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| T Rowe Price Group Inc                              | T. Rowe Price Group, Inc.                                                                            | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |        176 | NS      | $18941.12     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SNACKING INVESTMENTS BIDCO PTY LTD                  | Snacking Investments US LLC (Arnott's)                                                               | CUSIP: N/A<br>LEI: 254900AD4L6DCZFKHI06       | Long             | LON              | CORP              | AU        |     451623 | PA      | $453456.58    | 0.02%             | 2026-12-18      | Variable      | 8.31%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                        | Voya CLO Ltd.                                                                                        | CUSIP: 44986TAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    3000000 | PA      | $103410.00    | 0.00%             | 2030-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Apollo Global Management Inc                        | Apollo Global Management, Inc.                                                                       | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |        121 | NS      | $16483.83     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| IVI AMERICA LLC                                     | IVI America LLC                                                                                      | CUSIP: N/A<br>LEI: 549300V0LY56J9HGCK92       | Long             | LON              | CORP              | US        |    2029500 | PA      | $2035426.14   | 0.09%             | 2031-04-18      | Variable      | 8.05%                 | No            |                  2 | On Loan: No      |
| Visa Inc                                            | Visa, Inc.                                                                                           | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |         45 | NS      | $15830.10     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Silver Trust                                | iShares Silver Trust                                                                                 | CUSIP: 46428Q109<br>LEI: 549300K2C2CG14B0ZA09 | Long             | EC               | RF                | US        |     304800 | NS      | $11030712.00  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |   -1750283 | PA      | $-1750282.73  | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| Sempra                                              | Sempra                                                                                               | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |        220 | NS      | $18163.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GMAC Commercial Mortgage Asset                      | GMAC Commercial Mortgage Asset Corp.                                                                 | CUSIP: 38012MAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     945530 | PA      | $772308.89    | 0.04%             | 2051-03-10      | Fixed         | 5.46%                 | No            |                  3 | On Loan: No      |
| ALUMINA PTY LTD                                     | Alumina Pty Ltd.                                                                                     | CUSIP: 02220AAB3<br>LEI: 2138002VD9MW2WT8HR38 | Long             | DBT              | CORP              | AU        |    2850000 | PA      | $2906444.25   | 0.14%             | 2032-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Bio-Techne Corp                                     | Bio-Techne Corp.                                                                                     | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |        323 | NS      | $17645.49     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp                                         | Target Corp.                                                                                         | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |        170 | NS      | $16316.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc                                       | Blackrock, Inc.                                                                                      | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |         17 | NS      | $19161.38     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCOSA INC                                          | Arcosa, Inc.                                                                                         | CUSIP: 039653AA8<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |     350000 | PA      | $339831.80    | 0.02%             | 2029-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank                               | CURRENCY CONTRACT - Rec USD / Deliver EUR                                                            | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DFE              |  | US        |   -3880000 | NC      | $-17978.84    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MSCI Inc                                            | MSCI, Inc.                                                                                           | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |         30 | NS      | $17031.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS MINERALS INTERNA                            | Compass Minerals International, Inc.                                                                 | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |     910000 | PA      | $951846.35    | 0.04%             | 2030-07-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                             | Global Partners Limited Partnership / GLP Finance Corp.                                              | CUSIP: 37954FAL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     500000 | PA      | $511748.50    | 0.02%             | 2033-07-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| KUEHNE HOLDING AG                                   | Aenova Holding Gmbh                                                                                  | CUSIP: N/A<br>LEI: 529900MPQ4WWJFDTB881       | Long             | LON              | CORP              | DE        |    1725000 | PA      | $2018252.02   | 0.09%             | 2031-08-22      | Variable      | 5.03%                 | No            |                  2 | On Loan: No      |
| XEROX CORPORATION                                   | Xerox Corp.                                                                                          | CUSIP: 984121CS0<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |    1645000 | PA      | $1706990.18   | 0.08%             | 2030-10-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                           | 1-Year/2-Year Interest Rate Swap                                                                     | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DIR              |  | US        |  -16145000 | NC      | $-37447.68    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CONGA CORP                                          | Apttus Corp.                                                                                         | CUSIP: N/A<br>LEI: 254900VOVRKNFQ3GHG43       | Long             | LON              | CORP              | US        |    3858959 | PA      | $3857762.64   | 0.18%             | 2028-05-08      | Variable      | 7.81%                 | No            |                  2 | On Loan: No      |
| Omnicom Group Inc                                   | Omnicom Group, Inc.                                                                                  | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |        227 | NS      | $17780.91     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KENNEDY-WILSON INC                                  | Kennedy-Wilson, Inc.                                                                                 | CUSIP: 489399AM7<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |    3750000 | PA      | $3500908.24   | 0.16%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Blue Stream Issuer, LLC                             | Blue Stream Issuer LLC                                                                               | CUSIP: 09606BAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1000000 | PA      | $1018083.30   | 0.05%             | 2053-05-20      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                  | Meta Platforms, Inc.                                                                                 | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |         24 | NS      | $17728.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                                 | Fifth Third Bancorp                                                                                  | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |        428 | NS      | $19589.56     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                            | Crowdstrike Holdings, Inc.                                                                           | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |         35 | NS      | $14829.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| INFRAGROUP BIDCO SARL                               | Infragroup                                                                                           | CUSIP: N/A<br>LEI: 699400OA31YDOOASVM61       | Long             | LON              | CORP              | BE        |    2600000 | PA      | $3054505.67   | 0.14%             | 2030-09-27      | Variable      | 5.48%                 | No            |                  2 | On Loan: No      |
| UDR Inc                                             | UDR, Inc.                                                                                            | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |        402 | NS      | $15907.14     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CONGRUEX GROUP LLC                                  | Congruex Group LLC                                                                                   | CUSIP: N/A<br>LEI: 254900DY0KADNJ4ZCJ32       | Long             | LON              | CORP              | US        |    1238859 | PA      | $1037544.24   | 0.05%             | 2029-05-03      | Variable      | 5.48%                 | No            |                  2 | On Loan: No      |
| SC GAMES HOLDIN/US FINCO                            | Scientific Games Holdings Limited Partnership/Scientific Games US FinCo, Inc.                        | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     850000 | PA      | $815748.74    | 0.04%             | 2030-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| MINERALS TECHNOLOGIES IN                            | Minerals Technologies, Inc.                                                                          | CUSIP: 603158AA4<br>LEI: 549300D3I1QU67GP6403 | Long             | DBT              | CORP              | US        |    1350000 | PA      | $1329750.00   | 0.06%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NiSource Inc                                        | NiSource, Inc.                                                                                       | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |        423 | NS      | $17880.21     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DMG PRACTICE MANAGEMENT SOLUTIONS LLC               | Midwest Physician Administrative Services                                                            | CUSIP: N/A<br>LEI: 5493001F7B0DCPKBGK48       | Long             | LON              | CORP              | US        |    1178818 | PA      | $1102442.67   | 0.05%             | 2028-03-12      | Variable      | 7.56%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                              | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance plc                          | CUSIP: 03969YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    2300000 | PA      | $2110557.97   | 0.10%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.     | S&P 500 Index                                                                                        | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |        -40 | NC      | $-155000.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp                                           | PG&E Corp.                                                                                           | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |       1158 | NS      | $17694.24     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ALEXANDER FUND TRUST II                             | Alexander Funding Trust II                                                                           | CUSIP: 014916AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1950000 | PA      | $2088075.11   | 0.10%             | 2028-07-31      | Fixed         | 7.47%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                      | Carlyle US CLO Ltd.                                                                                  | CUSIP: 14317WAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    2000000 | PA      | $2000871.60   | 0.09%             | 2035-04-15      | Floating      | 10.92%                | No            |                  2 | On Loan: No      |
| THEVELIA US LLC                                     | Thevelia US LLC                                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    1578627 | PA      | $1581910.91   | 0.07%             | 2029-06-18      | Variable      | 7.30%                 | No            |                  2 | On Loan: No      |
| Dayforce Inc                                        | Dayforce, Inc.                                                                                       | CUSIP: 15677J108<br>LEI: 549300T64GVCHFJ8L449 | Long             | EC               | CORP              | US        |        276 | NS      | $19256.52     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                             | Goldman Sachs & Co. LLC                                                                              | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Short            | RA               | CORP              | US        |   -1328165 | PA      | $-1328165.00  | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| SUPERIOR PLUS LP                                    | Superior Plus, LP                                                                                    | CUSIP: 86828QAK7<br>LEI: 549300K5Y13GU6TPZJ49 | Long             | DBT              | CORP              | CA        |     350000 | PA      | $250145.67    | 0.01%             | 2028-05-18      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                               | SPDR S&P 500 ETF Trust                                                                               | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DE               |  | US        |     100000 | NC      | $5085000.00   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| PPP INTERMEDIATE HOLDINGS LLC                       | Permian Production Partners LLC                                                                      | CUSIP: N/A<br>LEI: 549300GJYDC41CGNIO64       | Long             | EC               | CORP              | US        |     184043 | NS      | $18.40        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| RTX Corp                                            | RTX Corp.                                                                                            | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |        118 | NS      | $18714.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FS Rialto Issuer Ltd                                | FS Rialto Issuer LLC                                                                                 | CUSIP: 30338WAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    5100000 | PA      | $5088712.68   | 0.24%             | 2039-10-19      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| BOOTS GROUP BIDCO LTD                               | Boots Group Finco L.P.                                                                               | CUSIP: N/A<br>LEI: 254900YVLYOVF1PF1N93       | Long             | DBT              | CORP              | US        |     500000 | PA      | $689647.11    | 0.03%             | 2032-08-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Mid-America Apartment Communit                      | Mid-America Apartment Communities, Inc.                                                              | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |        111 | NS      | $16186.02     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PAR PACIFIC HOLDINGS INC                            | Par Petroleum LLC                                                                                    | CUSIP: N/A<br>LEI: 984500CCF05C2FB39F45       | Long             | LON              | CORP              | US        |    3812318 | PA      | $3803740.65   | 0.18%             | 2030-02-28      | Variable      | 8.03%                 | No            |                  2 | On Loan: No      |
| ACROPOLE HOLDING SAS                                | Diot-Siaci                                                                                           | CUSIP: N/A<br>LEI: 969500NM0252PENX2L59       | Long             | LON              | CORP              | FR        |    3450000 | PA      | $4039652.51   | 0.19%             | 2032-07-26      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| GATX CORP                                           | GATX Corp.                                                                                           | CUSIP: 361448BF9<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |     560000 | PA      | $550321.09    | 0.03%             | 2030-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                      | Morgan Stanley                                                                                       | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |        127 | NS      | $19110.96     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VB-S1 Issuer LLC                                    | VB-S1 Issuer LLC - VBTEL                                                                             | CUSIP: 91823ABG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    5600000 | PA      | $5845310.24   | 0.27%             | 2054-05-15      | Fixed         | 8.87%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                             | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |    -858745 | PA      | $-858745.22   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                            | OBX Trust                                                                                            | CUSIP: 67118XAD7<br>LEI: 254900LMIQVUH9BFZJ05 | Long             | ABS-MBS          | CORP              | US        |    1750000 | PA      | $1777848.63   | 0.08%             | 2064-02-25      | Variable      | 6.92%                 | No            |                  2 | On Loan: No      |
| APA Corp                                            | APA Corp.                                                                                            | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |        853 | NS      | $19806.66     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                                    | Societe Generale                                                                                     | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |   -5714244 | PA      | $-5714243.51  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| CLAROS MORTGAGE TRUST INC                           | Claros Mortgage Trust, Inc.                                                                          | CUSIP: N/A<br>LEI: 549300Z9LU2CZ3K30C16       | Long             | LON              | CORP              | US        |    3394416 | PA      | $3284097.26   | 0.15%             | 2026-08-09      | Variable      | 8.92%                 | No            |                  2 | On Loan: No      |
| Bunge Global SA                                     | Bunge Global S.A.                                                                                    | CUSIP: N/A<br>LEI: 254900IVXSV9K0B7PO26       | Long             | EC               | CORP              | US        |        222 | NS      | $18696.84     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES, INC.                               | BofA Securities, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Short            | RA               | CORP              | US        |   -4137473 | PA      | $-4137473.28  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| IVIRMA GROUP                                        | IVI America LLC                                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |     100000 | PA      | $100292.00    | 0.00%             | 2031-04-09      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| McCormick & Co Inc/MD                               | McCormick & Company, Inc.                                                                            | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |        220 | NS      | $15481.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FT GORDON HOUSING                                   | Fort Eisenhower Housing LLC                                                                          | CUSIP: 347382AC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     200000 | PA      | $182822.48    | 0.01%             | 2051-05-15      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                            | Corebridge Financial, Inc.                                                                           | CUSIP: 21871XAP4<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    5840000 | PA      | $6039437.23   | 0.28%             | 2052-12-15      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| SPDR S&P 500 ETF Trust                              | SPDR S&P 500 ETF Trust                                                                               | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | RF                | US        |       3866 | NS      | $2493763.30   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MODENA BUYER LLC                                    | Modena Buyer LLC                                                                                     | CUSIP: N/A<br>LEI: 254900B0G2IU0VBDOY26       | Long             | LON              | CORP              | US        |    4641684 | PA      | $4562125.59   | 0.21%             | 2031-07-01      | Variable      | 8.81%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                 | Synchrony Financial                                                                                  | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |        271 | NS      | $20688.14     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DaVita Inc                                          | DaVita, Inc.                                                                                         | CUSIP: 23918K108<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | EC               | CORP              | US        |        121 | NS      | $16668.96     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                         | Freddie Mac                                                                                          | CUSIP: 3133KMTE5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    2082238 | PA      | $1960144.06   | 0.09%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.     | S&P 500 Index                                                                                        | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |        -40 | NC      | $-94000.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CLARIOS INTERNATIONAL INC                           | Clarios Global LP                                                                                    | CUSIP: N/A<br>LEI: 549300474L1ZLXZY2P98       | Long             | DBT              | CORP              | US        |     300000 | PA      | $355671.70    | 0.02%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| XPLORE INC                                          | Xplore, Inc.                                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | CA        |       4673 | NS      | $0.47         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GoldenTree Loan Management US                       | GoldenTree Loan Management US CLO 1 Ltd.                                                             | CUSIP: 38138JAW3<br>LEI: 549300CQMHYJ3DLMP206 | Long             | ABS-O            | CORP              | KY        |    3450000 | PA      | $3470745.20   | 0.16%             | 2037-04-20      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| DELTA PARENT HOLDINGS INC                           | Duff & Phelps                                                                                        | CUSIP: N/A<br>LEI: 549300FDREJLOIGXY104       | Long             | LON              | CORP              | US        |    1713918 | PA      | $1993474.38   | 0.09%             | 2027-04-09      | Variable      | 5.98%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                            | United Wholesale Mortgage LLC                                                                        | CUSIP: 91153LAA5<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    4060000 | PA      | $4055575.82   | 0.19%             | 2025-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                | OneMain Finance Corp.                                                                                | CUSIP: 682691AC4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     800000 | PA      | $766879.12    | 0.04%             | 2028-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corp                                       | M&T Bank Corp.                                                                                       | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |         91 | NS      | $18351.06     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO Group Holdings Inc                              | TKO Group Holdings, Inc.                                                                             | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        102 | NS      | $19335.12     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIGGO BOND CO BV                                    | Ziggo Bond Company B.V.                                                                              | CUSIP: 98953GAD7<br>LEI: 213800JYI4P7V5QDOG59 | Long             | DBT              | CORP              | NL        |     500000 | PA      | $441321.20    | 0.02%             | 2030-02-28      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |   -1337606 | PA      | $-1337605.89  | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| F5 Inc                                              | F5, Inc.                                                                                             | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |         57 | NS      | $17848.98     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCIDENT FUND INS CO AM                             | Accident Fund Insurance Company of America                                                           | CUSIP: 00452AAA8<br>LEI: 2549009NUX96RJZ6DQ30 | Long             | DBT              | CORP              | US        |    7000000 | PA      | $6969927.37   | 0.32%             | 2032-08-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Xcel Energy Inc                                     | Xcel Energy, Inc.                                                                                    | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |        245 | NS      | $17735.55     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BLAZING STAR BOOTS SUPERCO JERSEY LTD               | Boots Group Bidco Ltd.                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |    1500000 | PA      | $2037113.12   | 0.09%             | 2032-08-30      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| Mosaic Co/The                                       | Mosaic Co.                                                                                           | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |        483 | NS      | $16132.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc                                | Verisk Analytics, Inc.                                                                               | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |         54 | NS      | $14478.48     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OBSIDIAN ISSUER 2025-1 LLC                          | Obsidian Issuer LLC                                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |    5450000 | PA      | $5450000.00   | 0.25%             | 2055-05-15      | Fixed         | 6.93%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR US NEWCO INC                            | TK Elevator US Newco, Inc.                                                                           | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |    1550000 | PA      | $1545602.34   | 0.07%             | 2027-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                    | Societe Generale                                                                                     | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | US        |   -4703457 | PA      | $-4703457.05  | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| Yum! Brands Inc                                     | Yum! Brands, Inc.                                                                                    | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |        117 | NS      | $17195.49     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EXIDE TECHNOLOGIES                                  | Exide Technologies                                                                                   | CUSIP: N/A<br>LEI: 549300KITCGPNNNXQP63       | Long             | EC               | CORP              | US        |        342 | NS      | $295028.01    | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Bank of America, N.A.                               | Foreign Exchange EUR/USD                                                                             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |   13596000 | NC      | $343.76       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SCIL IV LLC / SCIL USA H                            | SCIL IV LLC / SCIL USA Holdings LLC                                                                  | CUSIP: 78397UAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    6075000 | PA      | $6033982.82   | 0.28%             | 2026-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PulteGroup Inc                                      | PulteGroup, Inc.                                                                                     | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        162 | NS      | $21387.24     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc                                  | United Rentals, Inc.                                                                                 | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |         23 | NS      | $21995.82     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co                                 | Vulcan Materials Co.                                                                                 | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |         64 | NS      | $18634.24     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Loews Corp                                          | Loews Corp.                                                                                          | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |        189 | NS      | $18295.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTITUDE GROUP HOLDINGS                            | Fortitude Group Holdings LLC                                                                         | CUSIP: 34966XAA6<br>LEI: 2549006R9ZUL08JFIH12 | Long             | DBT              | CORP              | US        |    1150000 | PA      | $1194895.07   | 0.06%             | 2030-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| KERRIDGE COMMERCIAL SYSTEMS MID CO LTD              | Kerridge Commercial Systems Bidco Ltd.                                                               | CUSIP: N/A<br>LEI: 549300J33RX52OWCKR29       | Short            | LON              | CORP              | GB        |   -2500000 | PA      | $-45927.13    | -0.00%            | 2030-09-07      | Variable      | 1.00%                 | No            |                  3 | On Loan: No      |
| Voya CLO Ltd                                        | Voya CLO Ltd.                                                                                        | CUSIP: 92919HAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    3650000 | PA      | $2109590.50   | 0.10%             | 2035-04-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SOMNIGROUP INTL INC                                 | Somnigroup International, Inc.                                                                       | CUSIP: 88023UAJ0<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |     700000 | PA      | $640391.78    | 0.03%             | 2031-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                               | PennyMac Financial Services, Inc.                                                                    | CUSIP: 70932MAE7<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    2650000 | PA      | $2744901.80   | 0.13%             | 2030-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC                                | Howmet Aerospace, Inc.                                                                               | CUSIP: 013817AK7<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |     875000 | PA      | $930699.00    | 0.04%             | 2037-02-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| SPEEDSTER MIV SCSP                                  | Speedster Bidco GmbH                                                                                 | CUSIP: N/A<br>LEI: 254900LE837QB2YYV824       | Long             | LON              | CORP              | DE        |    1396500 | PA      | $1397086.53   | 0.07%             | 2031-12-10      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                           | 6-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DIR              |  | US        |  -10090625 | NC      | $-51626.66    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NASSAU COMPANIES OF NY                              | Nassau Companies of New York                                                                         | CUSIP: 63155AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    2350000 | PA      | $2385336.95   | 0.11%             | 2030-07-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Trimble Inc                                         | Trimble, Inc.                                                                                        | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |        231 | NS      | $18669.42     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                                         | Cencora, Inc.                                                                                        | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |         58 | NS      | $16913.38     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MACQUARIE BANK LTD                                  | Macquarie Bank Ltd.                                                                                  | CUSIP: 556079AC5<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |     375000 | PA      | $357377.00    | 0.02%             | 2030-06-03      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Amgen Inc                                           | Amgen, Inc.                                                                                          | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |         57 | NS      | $16399.47     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GALILEO GLOBAL EDUCATION OPERATIONS SAS             | Galileo Global Education                                                                             | CUSIP: N/A<br>LEI: 254900Z5KFYRM7Z7QL63       | Long             | LON              | CORP              | FR        |     251556 | PA      | $293493.34    | 0.01%             | 2031-07-31      | Variable      | 5.28%                 | No            |                  2 | On Loan: No      |
| AHG FUNDING 2024A                                   | Akso Health Group                                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |    1000000 | PA      | $100.00       | 0.00%             | 2026-07-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OP LLC                              | Clearway Energy Operating LLC                                                                        | CUSIP: 18539UAD7<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |    1663000 | PA      | $1529637.88   | 0.07%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Kenvue Inc                                          | Kenvue, Inc.                                                                                         | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |        764 | NS      | $15822.44     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corp                                          | Masco Corp.                                                                                          | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |        261 | NS      | $19154.79     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Veralto Corp                                        | Veralto Corp.                                                                                        | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |        170 | NS      | $18052.30     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FUSION BUYER LLC                                    | Fusion Buyer LLC                                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      46808 | NS      | $1326211.06   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES US PARENT LP                       | Scientific Games Corp.                                                                               | CUSIP: N/A<br>LEI: 549300W5GPFXXB6TQ330       | Long             | LON              | CORP              | US        |    1829302 | PA      | $1808337.76   | 0.08%             | 2029-04-04      | Variable      | 7.29%                 | No            |                  2 | On Loan: No      |
| GALILEO GLOBAL EDUCATION OPERATIONS SAS             | Galileo Global Education                                                                             | CUSIP: N/A<br>LEI: 254900Z5KFYRM7Z7QL63       | Long             | LON              | CORP              | FR        |    2898444 | PA      | $3381654.08   | 0.16%             | 2031-07-31      | Variable      | 5.28%                 | No            |                  2 | On Loan: No      |
| Otis Worldwide Corp                                 | Otis Worldwide Corp.                                                                                 | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |        175 | NS      | $15116.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas                                         | Foreign Exchange EUR/USD                                                                             | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DFE              |  | US        |    1125000 | NC      | $28.44        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WYNDHAM HOTELS & RESORTS                            | Wyndham Hotels & Resorts, Inc.                                                                       | CUSIP: 98311AAB1<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |    1625000 | PA      | $1586507.98   | 0.07%             | 2028-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| WOMENS CARE HOLDINGS INC                            | Women's Care Holdings, Inc.                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    6552000 | PA      | $5945940.00   | 0.28%             | 2028-01-15      | Variable      | 8.91%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                                | FirstKey Homes Trust                                                                                 | CUSIP: 33767JBC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3050000 | PA      | $3031797.91   | 0.14%             | 2037-10-19      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                            | Acadia Healthcare Company, Inc.                                                                      | CUSIP: 00404AAN9<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |     550000 | PA      | $547226.46    | 0.03%             | 2028-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHARTER NEXT GENERATION INC                         | Charter Next Generation, Inc.                                                                        | CUSIP: N/A<br>LEI: 549300KRNU8RNVGYXG75       | Long             | LON              | CORP              | US        |    4608487 | PA      | $4626414.12   | 0.22%             | 2030-11-29      | Variable      | 7.11%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                               | PennyMac Financial Services, Inc.                                                                    | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |     850000 | PA      | $903459.05    | 0.04%             | 2029-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ARGOS HOLDINGS INC                                  | PetSmart LLC                                                                                         | CUSIP: N/A<br>LEI: 894500NGJMHSFNESGA67       | Long             | LON              | CORP              | US        |    2736000 | PA      | $2725740.00   | 0.13%             | 2028-02-11      | Variable      | 8.21%                 | No            |                  2 | On Loan: No      |
| VANTAGE SPECIALTY CHEMICALS INC                     | Vantage Specialty Chemicals, Inc.                                                                    | CUSIP: N/A<br>LEI: 54930057U5S5AY44VU09       | Long             | LON              | CORP              | US        |     122796 | PA      | $119700.28    | 0.01%             | 2026-10-26      | Variable      | 9.07%                 | No            |                  2 | On Loan: No      |
| Merck & Co Inc                                      | Merck & Company, Inc.                                                                                | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |        207 | NS      | $17412.84     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PHM GROUP TOPCO OY                                  | PHM Group Holding OY                                                                                 | CUSIP: N/A<br>LEI: 7437002P82P6OBDFWT48       | Long             | LON              | CORP              | FI        |    4600000 | PA      | $5373609.45   | 0.25%             | 2032-04-22      | Variable      | 5.46%                 | No            |                  2 | On Loan: No      |
| Accenture PLC                                       | Accenture plc                                                                                        | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | US        |         52 | NS      | $13518.44     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                          | Fannie Mae                                                                                           | CUSIP: 31418FH34<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |          0 | PA      | $0.01         | 0.00%             | 2055-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                   | CURRENCY CONTRACT - Rec USD / Deliver EUR                                                            | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |     -88000 | NC      | $-508.52      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                              | Cloud Software Group, Inc.                                                                           | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    5630000 | PA      | $5691913.11   | 0.26%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SK INVICTUS INTERMEDIATE                            | SK Invictus Intermediate II SARL                                                                     | CUSIP: 29977LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    5250000 | PA      | $5144291.25   | 0.24%             | 2029-10-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Newmont Corp                                        | Newmont Corp.                                                                                        | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |        314 | NS      | $23361.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                                      | Eaton Corporation plc                                                                                | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Long             | EC               | CORP              | US        |         51 | NS      | $17806.14     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp                                 | Avery Dennison Corp.                                                                                 | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |         94 | NS      | $16135.10     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                            | Virgin Media Secured Finance plc                                                                     | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | US        |    1200000 | PA      | $1126551.72   | 0.05%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Booking Holdings Inc                                | Booking Holdings, Inc.                                                                               | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |          3 | NS      | $16797.15     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ADT SEC CORP                                        | ADT Security Corp.                                                                                   | CUSIP: 74166NAA2<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |    1000000 | PA      | $962258.30    | 0.04%             | 2032-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                             | Goldman Sachs & Co. LLC                                                                              | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Short            | RA               | CORP              | US        |    -568633 | PA      | $-568632.77   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Hubbell Inc                                         | Hubbell, Inc.                                                                                        | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |         43 | NS      | $18532.57     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                                    | Societe Generale                                                                                     | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | US        |   -5597143 | PA      | $-5597142.96  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC                            | Allison Transmission, Inc.                                                                           | CUSIP: 019736AG2<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |    1100000 | PA      | $1015227.84   | 0.05%             | 2031-01-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| RB GLOBAL HOLDINGS INC                              | RB Global Holdings, Inc.                                                                             | CUSIP: 76774LAC1<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |    1750000 | PA      | $1836439.50   | 0.09%             | 2031-03-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Air Products and Chemicals Inc                      | Air Products and Chemicals, Inc.                                                                     | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |         59 | NS      | $17352.49     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORP                                     | CVS Health Corp.                                                                                     | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    1850000 | PA      | $1926049.80   | 0.09%             | 2055-03-10      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Rockwell Automation Inc                             | Rockwell Automation, Inc.                                                                            | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |         52 | NS      | $17858.36     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BAUSCH HEALTH COS INC                               | Bausch Health Companies, Inc.                                                                        | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    8025000 | PA      | $7242562.50   | 0.34%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| POWERGRID VEGETATION SERVICES LLC                   | Powergrid Services LLC                                                                               | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |    -726617 | PA      | $-0.01        | -0.00%            | 2032-03-31      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| EAGLE POINT HOLDINGS BORROWER LLC                   | Eagle Point Holdings Borrower, LLC                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     250000 | PA      | $250000.00    | 0.01%             | 2028-03-31      | Variable      | 8.06%                 | No            |                  3 | On Loan: No      |
| Bristol-Myers Squibb Co                             | Bristol-Myers Squibb Co.                                                                             | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |        332 | NS      | $15663.76     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |   -3978240 | PA      | $-3978239.63  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| GRAFTECH GLOBAL ENTERPRI                            | GrafTech Global Enterprises, Inc.                                                                    | CUSIP: 38431AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    2600000 | PA      | $2210000.00   | 0.10%             | 2029-12-23      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| ENSTAR GROUP LTD                                    | Enstar Group Ltd.                                                                                    | CUSIP: 29359UAD1<br>LEI: 213800AMAL5QFXVUCN04 | Long             | DBT              | CORP              | BM        |    2200000 | PA      | $2292769.60   | 0.11%             | 2045-04-01      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| Wave USA                                            | WAVE LLC                                                                                             | CUSIP: 94354KAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1339691 | PA      | $1294543.24   | 0.06%             | 2044-09-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Arthur J Gallagher & Co                             | Arthur J Gallagher & Co.                                                                             | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |         54 | NS      | $16348.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Imperial Bank of Commerce, Toronto Branch  | Canadian Imperial Bank of Commerce                                                                   | CUSIP: N/A<br>LEI: 2IGI19DL77OX0HC3ZE78       | Short            | RA               | CORP              | CA        |   -1659350 | PA      | $-1659349.50  | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| AMERICO LIFE INC                                    | Americo Life, Inc.                                                                                   | CUSIP: 03060NAD2<br>LEI: 549300B5C1FRFHBYW144 | Long             | DBT              | CORP              | US        |    3511000 | PA      | $3170513.33   | 0.15%             | 2031-04-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| TJX Cos Inc/The                                     | TJX Companies, Inc.                                                                                  | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |        134 | NS      | $18305.74     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Global Financial Products, Inc.              | CURRENCY CONTRACT - Rec USD / Deliver EUR                                                            | CUSIP: N/A<br>LEI: 0Z3VO5H2G7GRS05BHJ91       | N/A              | DFE              |  | US        |   -1000000 | NC      | $-3266.62     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CASTLELAKE AIRCRAFT SECURITIZATION TRUST CLAST_14-1 | Castlelake Aircraft Securitization Trust                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |    3054105 | PA      | $112.57       | 0.00%             | 2030-12-31      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Cognizant Technology Solutions                      | Cognizant Technology Solutions Corp.                                                                 | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |        208 | NS      | $15028.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST REPUBLIC BANK                                 | First Republic Bank                                                                                  | CUSIP: 33616C746<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EP               | CORP              | US        |     158000 | NS      | $15.80        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chubb Ltd                                           | Chubb Ltd.                                                                                           | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | US        |         59 | NS      | $16229.13     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Capital Services LLC                 | Markit iBoxx USD Liquid Leveraged Loans Total Return Index                                           | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DCR              |  | US        |   35000000 | NC      | $1023307.95   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                   | State Street Corp.                                                                                   | CUSIP: 857477CS0<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EP               | CORP              | US        |    1400000 | NS      | $1423850.40   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| CHEFS WAREHOUSE INC                                 | Chefs' Warehouse, Inc.                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    2316875 | PA      | $2325563.28   | 0.11%             | 2029-08-23      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Contra Mallinckro                                   | Contra Mallinckro                                                                                    | CUSIP: 292CNT011<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      17657 | NS      | $1712729.00   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| TransDigm Group Inc                                 | TransDigm Group, Inc.                                                                                | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         12 | NS      | $16786.56     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Start Ltd.                                          | Start Ltd.                                                                                           | CUSIP: 85572RAB5<br>LEI: 549300VIQYFIDJQCKZ43 | Long             | ABS-O            | CORP              | BM        |     801502 | PA      | $800796.93    | 0.04%             | 2043-05-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| AZ BATTERY PROPERTY LLC                             | AZ Battery Property LLC                                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    3000000 | PA      | $2864220.00   | 0.13%             | 2046-02-20      | Fixed         | 6.73%                 | No            |                  3 | On Loan: No      |
| TLWND 2019-1                                        | GAIA Aviation Ltd.                                                                                   | CUSIP: 87404LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    8476348 | PA      | $8218073.57   | 0.38%             | 2044-12-15      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| LVNV FUNDING LLC                                    | LVNV Funding LLC                                                                                     | CUSIP: N/A<br>LEI: 549300YMNWAZ7DKR6204       | Long             | ABS-O            | CORP              | US        |    3850000 | PA      | $3953103.00   | 0.18%             | 2029-06-12      | Fixed         | 6.84%                 | No            |                  3 | On Loan: No      |
| STUDENT TRANSPORTATION OF AMERICA HOLDINGS INC      | Student Transportation Of America Holdings, Inc.                                                     | CUSIP: N/A<br>LEI: 549300O4G48RRYGSD439       | Short            | LON              | CORP              | US        |     -20400 | PA      | $0.00         | 0.00%             | 2032-06-10      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| RAINBOW MIDCO LTD                                   | Rainbow Finco SARL                                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |    3000000 | PA      | $4042762.54   | 0.19%             | 2029-02-26      | Variable      | 8.47%                 | No            |                  2 | On Loan: No      |
| OPTIMA BIDCO JERSEY LTD                             | EG Finco Ltd.                                                                                        | CUSIP: N/A<br>LEI: 894500KFDM6GTUGDJJ54       | Long             | LON              | CORP              | GB        |    1536228 | PA      | $1542126.85   | 0.07%             | 2028-02-07      | Variable      | 7.70%                 | No            |                  2 | On Loan: No      |
| Alexandria Real Estate Equitie                      | Alexandria Real Estate Equities, Inc.                                                                | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |        227 | NS      | $18713.88     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| XEROX HOLDINGS CORP                                 | Xerox Corp.                                                                                          | CUSIP: N/A<br>LEI: 4KF48RN45X1OO8UBLY20       | Long             | LON              | CORP              | US        |    2714943 | PA      | $2528969.57   | 0.12%             | 2029-11-17      | Variable      | 8.27%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                                      | Public Storage                                                                                       | CUSIP: 74460W552<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |     144400 | NS      | $2695948.00   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                               | BofA Securities, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Short            | RA               | CORP              | US        |   -1285418 | PA      | $-1285417.84  | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Netflix Inc                                         | Netflix, Inc.                                                                                        | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |         14 | NS      | $16915.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                            | Rogers Communications, Inc.                                                                          | CUSIP: 775109CK5<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    2200000 | PA      | $1771780.47   | 0.08%             | 2052-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| WW Grainger Inc                                     | WW Grainger, Inc.                                                                                    | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |         16 | NS      | $16216.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hotwire Funding LLC                                 | Hotwire Funding LLC                                                                                  | CUSIP: 44148HAE3<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |   11000000 | PA      | $11341284.90  | 0.53%             | 2053-05-20      | Fixed         | 8.84%                 | No            |                  2 | On Loan: No      |
| Camden Property Trust                               | Camden Property Trust                                                                                | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |        143 | NS      | $16013.14     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Anchorage Credit Funding Ltd.                       | Anchorage Credit Funding 4 Ltd.                                                                      | CUSIP: 03329TAL8<br>LEI: 549300VR9XUOV1E0U888 | Long             | ABS-O            | CORP              | KY        |    1000000 | PA      | $906601.20    | 0.04%             | 2039-04-27      | Fixed         | 3.52%                 | No            |                  2 | On Loan: No      |
| DS ADMIRAL BIDCO LLC                                | DS Admiral Bidco LLC                                                                                 | CUSIP: N/A<br>LEI: 25490030X7DBAF7KCR65       | Long             | LON              | CORP              | US        |    4744083 | PA      | $4738153.12   | 0.22%             | 2031-06-26      | Variable      | 8.55%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Acquisition                      | JP Morgan Mortgage Acquisition Trust                                                                 | CUSIP: 46630BAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1286683 | PA      | $802362.61    | 0.04%             | 2036-12-25      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| GROEP BRUSSEL LAMBERT NV                            | Affidea                                                                                              | CUSIP: N/A<br>LEI: 984500F89CC5A01B8C37       | Long             | LON              | CORP              | NL        |    3750000 | PA      | $4396630.40   | 0.20%             | 2029-07-20      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| Danaher Corp                                        | Danaher Corp.                                                                                        | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |         82 | NS      | $16877.24     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR Inc                                             | NVR, Inc.                                                                                            | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |          2 | NS      | $16235.30     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Firstkey Homes Trust                                | FirstKey Homes Trust                                                                                 | CUSIP: 33767JBA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1900000 | PA      | $1887403.76   | 0.09%             | 2037-10-19      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| CONFLUENT MEDICAL TECHNOLOGIES INC                  | Confluent Medical Technologies, Inc.                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     397000 | PA      | $396833.26    | 0.02%             | 2029-02-16      | Variable      | 7.31%                 | No            |                  2 | On Loan: No      |
| Builders FirstSource Inc                            | Builders FirstSource, Inc.                                                                           | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |        145 | NS      | $20108.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GARTNER INC                                         | Gartner, Inc.                                                                                        | CUSIP: 366651AC1<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |    1700000 | PA      | $1679940.51   | 0.08%             | 2028-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Invesco Ltd                                         | Invesco Ltd.                                                                                         | CUSIP: N/A<br>LEI: ECPGFXU8A2SHKVVGJI15       | Long             | EC               | CORP              | US        |       1109 | NS      | $24276.01     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVPRO MASTER ISSUER, LLC                          | SERVPRO Master Issuer LLC                                                                            | CUSIP: 817743AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1932125 | PA      | $1908359.28   | 0.09%             | 2049-10-25      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Cboe Global Markets Inc                             | Cboe Global Markets, Inc.                                                                            | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |         75 | NS      | $17696.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International In                      | Philip Morris International, Inc.                                                                    | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |         91 | NS      | $15208.83     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                             | Goldman Sachs & Co. LLC                                                                              | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Short            | RA               | CORP              | US        |   -2026909 | PA      | $-2026909.25  | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| ARCH CAPITAL GROUP LTD                              | Arch Capital Group Ltd.                                                                              | CUSIP: 03939A404<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EP               | CORP              | BM        |      38000 | NS      | $669560.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                             | Jane Street Group / JSG Finance, Inc.                                                                | CUSIP: 47077WAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    3500000 | PA      | $3380345.15   | 0.16%             | 2029-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PENTA TECHNOLOGIES BV                               | Penta Technologies B.V.                                                                              | CUSIP: N/A<br>LEI: 7245002ROX1TJYP9YA60       | Long             | LON              | CORP              | NL        |    1950000 | PA      | $2279608.63   | 0.11%             | 2032-06-28      | Variable      | 5.19%                 | No            |                  2 | On Loan: No      |
| PLAYTIKA HOLDING CORP                               | Playtika Holding Corp.                                                                               | CUSIP: 72815LAA5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | DBT              | CORP              | US        |    2025000 | PA      | $1863000.00   | 0.09%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| West Pharmaceutical Services I                      | West Pharmaceutical Services, Inc.                                                                   | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |         75 | NS      | $18521.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                            | AT&T, Inc.                                                                                           | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |        591 | NS      | $17310.39     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                                         | Ameren Corp.                                                                                         | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |        175 | NS      | $17461.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                                     | Fair Isaac Corp.                                                                                     | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |          9 | NS      | $13694.76     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |   -1370915 | PA      | $-1370914.56  | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| PACCAR Inc                                          | PACCAR, Inc.                                                                                         | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |        177 | NS      | $17696.46     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                             | Goldman Sachs & Co. LLC                                                                              | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Short            | RA               | CORP              | US        |    -158767 | PA      | $-158767.34   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Everest Group Ltd                                   | Everest Group Ltd.                                                                                   | CUSIP: N/A<br>LEI: 549300N24XF2VV0B3570       | Long             | EC               | CORP              | US        |         50 | NS      | $17094.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JANE STREET GRP/JSG FIN                             | Jane Street Group / JSG Finance, Inc.                                                                | CUSIP: 47077WAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    5200000 | PA      | $5432715.60   | 0.25%             | 2031-04-30      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Pinnacle West Capital Corp                          | Pinnacle West Capital Corp.                                                                          | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |        188 | NS      | $16799.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc                                              | HP, Inc.                                                                                             | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |        671 | NS      | $19150.34     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Start Ltd.                                          | Start Ltd.                                                                                           | CUSIP: 85572RAA7<br>LEI: 549300VIQYFIDJQCKZ43 | Long             | ABS-O            | CORP              | BM        |    1132882 | PA      | $1132315.18   | 0.05%             | 2043-05-15      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                           | Foreign Exchange USD/JPY                                                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |     386000 | NC      | $17063.96     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                            | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |   -1478979 | PA      | $-1478979.08  | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| MARCEL BIDCO LLC                                    | Marcel Bidco LLC                                                                                     | CUSIP: N/A<br>LEI: 254900A6AL2000BPNS82       | Long             | LON              | CORP              | US        |     496259 | PA      | $496879.69    | 0.02%             | 2030-11-13      | Variable      | 7.35%                 | No            |                  2 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |   -3099483 | PA      | $-3099482.67  | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                    | LPL Holdings, Inc.                                                                                   | CUSIP: 50212YAD6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    4172000 | PA      | $4077649.72   | 0.19%             | 2029-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TRANSNETWORK LLC                                    | TransNetwork LLC                                                                                     | CUSIP: N/A<br>LEI: 549300QF18JL5NEFRT47       | Long             | LON              | CORP              | US        |    1885642 | PA      | $1878571.16   | 0.09%             | 2030-12-30      | Variable      | 9.05%                 | No            |                  2 | On Loan: No      |
| Synopsys Inc                                        | Synopsys, Inc.                                                                                       | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |         33 | NS      | $19916.16     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICE LOGIC ACQUISITION INC                       | Service Logic Acquisition, Inc.                                                                      | CUSIP: N/A<br>LEI: 25490008CFAWEVHSQF88       | Long             | LON              | CORP              | US        |    2466664 | PA      | $2468711.03   | 0.11%             | 2027-10-29      | Variable      | 7.31%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Military Housing B                      | Freddie Mac Military Housing Bonds Resecuritization Trust Certificates                               | CUSIP: 35563CAW8<br>LEI: 549300ZG8WH0M4JSUM77 | Long             | ABS-MBS          | USGSE             | US        |   30157786 | PA      | $1417237.99   | 0.07%             | 2052-11-25      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| Alliant Energy Corp                                 | Alliant Energy Corp.                                                                                 | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |        273 | NS      | $17764.11     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                                       | Citigroup, Inc.                                                                                      | CUSIP: 172967NB3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |    2000000 | NS      | $1952029.60   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| G HOLDINGS INC                                      | Wr Grace Holdings LLC                                                                                | CUSIP: N/A<br>LEI: 549300WNOVFRGYOAEB12       | Long             | LON              | CORP              | US        |    1350000 | PA      | $1348312.50   | 0.06%             | 2032-08-11      | Variable      | 7.19%                 | No            |                  2 | On Loan: No      |
| Hotwire Funding LLC                                 | Hotwire Funding LLC                                                                                  | CUSIP: 44148JAM1<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |    2000000 | PA      | $2101093.00   | 0.10%             | 2054-06-20      | Fixed         | 9.19%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corp                               | Northrop Grumman Corp.                                                                               | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |         34 | NS      | $20061.36     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                            | Delta Air Lines, Inc. / SkyMiles IP Ltd.                                                             | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    3950000 | PA      | $3972323.62   | 0.18%             | 2028-10-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Franklin Resources Inc                              | Franklin Resources, Inc.                                                                             | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |        743 | NS      | $19065.38     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                                   | EOG Resources, Inc.                                                                                  | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |        140 | NS      | $17474.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp                                   | Ralph Lauren Corp.                                                                                   | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |         63 | NS      | $18706.59     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc                                          | NetApp, Inc.                                                                                         | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |        163 | NS      | $18384.77     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| THUNDERBIRD 2022-1                                  | Lightning B                                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |    2700000 | PA      | $2529900.00   | 0.12%             | 2037-03-01      | Fixed         | 7.50%                 | No            |                  3 | On Loan: No      |
| Dollar General Corp                                 | Dollar General Corp.                                                                                 | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |        150 | NS      | $16314.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AES Corp/The                                        | AES Corp.                                                                                            | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |       1455 | NS      | $19700.70     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                                           | Block, Inc.                                                                                          | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |        234 | NS      | $18635.76     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                         | Freddie Mac                                                                                          | CUSIP: 3133BBSY6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    1080983 | PA      | $1015770.80   | 0.05%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Baxter International Inc                            | Baxter International, Inc.                                                                           | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |        531 | NS      | $13110.39     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OPTION CARE HEALTH INC                              | Option Care Health, Inc.                                                                             | CUSIP: 68404LAA0<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | DBT              | CORP              | US        |    2275000 | PA      | $2193764.76   | 0.10%             | 2029-10-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Airbnb Inc                                          | Airbnb, Inc.                                                                                         | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |        121 | NS      | $15794.13     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VIPER ENERGY INC                                    | Vnom Sub, Inc.                                                                                       | CUSIP: 92763MAA3<br>LEI: 5299009LINL232255G03 | Long             | DBT              | CORP              | US        |     277000 | PA      | $276818.29    | 0.01%             | 2027-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                             | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |   -9983784 | PA      | $-9983784.10  | -0.46%            |  |  |  | No            |                  2 | On Loan: No      |
| Charles Schwab Corp/The                             | Charles Schwab Corp.                                                                                 | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |        189 | NS      | $18113.76     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                                      | ConocoPhillips                                                                                       | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |        178 | NS      | $17616.66     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR SANDY AGGREGATOR LP                             | Sandy Bidco B.V.                                                                                     | CUSIP: N/A<br>LEI: 2549003HW5A2AVSVPG96       | Long             | LON              | CORP              | NL        |    4550000 | PA      | $5294971.33   | 0.25%             | 2029-08-17      | Variable      | 6.26%                 | No            |                  2 | On Loan: No      |
| IDEX Corp                                           | IDEX Corp.                                                                                           | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |         91 | NS      | $14969.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Toronto-Dominion Bank                               | CURRENCY CONTRACT - Rec USD / Deliver EUR                                                            | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DFE              |  | US        | -219252000 | NC      | $462309.54    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                            | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |   -1603485 | PA      | $-1603484.97  | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| United Parcel Service Inc                           | United Parcel Service, Inc.                                                                          | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |        165 | NS      | $14427.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SWEETWATER BORROWER LLC                             | Sweetwater Sound                                                                                     | CUSIP: N/A<br>LEI: 254900JJU57789DC8283       | Long             | LON              | CORP              | US        |    1706713 | PA      | $1704579.90   | 0.08%             | 2028-08-07      | Variable      | 8.68%                 | No            |                  2 | On Loan: No      |
| Coinbase Global Inc                                 | Coinbase Global, Inc.                                                                                | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |         67 | NS      | $20404.18     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTRAL GARDEN & PET CO                             | Central Garden & Pet Co.                                                                             | CUSIP: 153527AP1<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |     400000 | PA      | $372749.48    | 0.02%             | 2031-04-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| NEXUS PARENT LLC                                    | Nexus Buyer LLC                                                                                      | CUSIP: N/A<br>LEI: 254900PILSANV8WOOF24       | Long             | LON              | CORP              | US        |    4699137 | PA      | $4688376.24   | 0.22%             | 2031-07-31      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                             | Goldman Sachs & Co. LLC                                                                              | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Short            | RA               | CORP              | US        |   -1527016 | PA      | $-1527015.75  | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| GTCR EVEREST BORROWER LLC                           | Assetmark Financial Holdings, Inc.                                                                   | CUSIP: N/A<br>LEI: 5493001K4EDHT2T6W812       | Long             | LON              | CORP              | US        |    2606900 | PA      | $2611175.32   | 0.12%             | 2031-09-05      | Variable      | 7.06%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corp                                | Lockheed Martin Corp.                                                                                | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |         37 | NS      | $16858.31     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS BANK PLC                                   | 1-Year/2-Year Interest Rate Swap                                                                     | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DIR              |  | GB        |  -10090625 | NC      | $-22763.04    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |   -3242683 | PA      | $-3242683.30  | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                            | Occidental Petroleum Corp.                                                                           | CUSIP: 674599DP7<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    2000000 | PA      | $2047772.00   | 0.10%             | 2027-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NIPPON LIFE INSURANCE                               | Nippon Life Insurance Co.                                                                            | CUSIP: 654579AP6<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |    1550000 | PA      | $1652833.20   | 0.08%             | 2055-04-30      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C                            | Outfront Media Capital LLC / Outfront Media Capital Corp.                                            | CUSIP: 69007TAE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    5725000 | PA      | $5502237.39   | 0.26%             | 2029-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BULLDOG PURCHASER INC                               | Bulldog Purchaser, Inc.                                                                              | CUSIP: N/A<br>LEI: 254900JB2GC3Q5OISZ63       | Long             | LON              | CORP              | US        |    2477184 | PA      | $2489049.48   | 0.12%             | 2031-06-28      | Variable      | 8.04%                 | No            |                  2 | On Loan: No      |
| TEGRA118 WEALTH SOLUTIONS INC                       | Tegra118 Wealth Solutions, Inc.                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    3691710 | PA      | $3645563.47   | 0.17%             | 2027-02-18      | Variable      | 8.20%                 | No            |                  2 | On Loan: No      |
| SUNRISE COMMUNICATIONS AG                           | UPC Financing Partnership                                                                            | CUSIP: N/A<br>LEI: 213800DXWIS9KORQ3X94       | Long             | LON              | CORP              | US        |     500000 | PA      | $499065.00    | 0.02%             | 2032-02-29      | Variable      | 6.69%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                            | Venture Global Calcasieu Pass LLC                                                                    | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |     775000 | PA      | $727646.18    | 0.03%             | 2031-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                      | Carlyle Global Market Strategies CLO Ltd.                                                            | CUSIP: 14309WAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    2600000 | PA      | $50440.00     | 0.00%             | 2032-01-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Roper Technologies Inc                              | Roper Technologies, Inc.                                                                             | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |         29 | NS      | $15262.99     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cerberus                                            | Cerberus Loan Funding 52 LLC                                                                         | CUSIP: 15675MAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1550000 | PA      | $1550000.00   | 0.07%             | 2037-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                | WR Grace Holdings LLC                                                                                | CUSIP: 92943GAD3<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    1535000 | PA      | $1522649.21   | 0.07%             | 2027-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AMSPEC PARENT LLC                                   | AmSpec Parent LLC                                                                                    | CUSIP: N/A<br>LEI: 254900LUGRP5Z7OOV477       | Long             | LON              | CORP              | US        |      32000 | PA      | $32129.92     | 0.00%             | 2031-12-22      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Hormel Foods Corp                                   | Hormel Foods Corp.                                                                                   | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |        541 | NS      | $13763.04     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corp                           | Edwards Lifesciences Corp.                                                                           | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |        222 | NS      | $18057.48     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JACOBS HOLDING AG                                   | Cognita Ltd.                                                                                         | CUSIP: N/A<br>LEI: 894500YKKF2CXAP6DR25       | Long             | LON              | CORP              | GB        |     800000 | PA      | $802000.00    | 0.04%             | 2031-10-27      | Fixed         | 7.84%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                         | Foreign Exchange USD/JPY                                                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |    1640000 | NC      | $72499.75     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                | Bank of America Corp.                                                                                | CUSIP: 060505EU4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |    1000000 | NS      | $1003954.00   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Ulta Beauty Inc                                     | Ulta Beauty, Inc.                                                                                    | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |         37 | NS      | $18231.01     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                            | Builders FirstSource, Inc.                                                                           | CUSIP: 12008RAR8<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    2500000 | PA      | $2578040.00   | 0.12%             | 2032-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                               | BofA Securities, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Short            | RA               | CORP              | US        |   -3149633 | PA      | $-3149632.63  | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| Pentair PLC                                         | Pentair plc                                                                                          | CUSIP: N/A<br>LEI: 549300EVR9D56WPSRP15       | Long             | EC               | CORP              | US        |        169 | NS      | $18172.57     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PT INTERMEDIATE HOLDINGS III LLC                    | PT Intermediate Holdings III LLC                                                                     | CUSIP: N/A<br>LEI: 549300GS4WLFTDUXPD62       | Long             | LON              | CORP              | US        |     933775 | PA      | $926771.75    | 0.04%             | 2030-04-09      | Variable      | 4.65%                 | No            |                  3 | On Loan: No      |
| Travelers Cos Inc/The                               | Travelers Companies, Inc.                                                                            | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |         64 | NS      | $17376.64     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DYE & DURHAM LIMITED                                | Dye & Durham Ltd.                                                                                    | CUSIP: 267486AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    2400000 | PA      | $2508328.80   | 0.12%             | 2029-04-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co                       | Hewlett Packard Enterprise Co.                                                                       | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |        919 | NS      | $20741.83     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| The Campbell's Company                              | The Campbell's Co.                                                                                   | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               | CORP              | US        |        498 | NS      | $15901.14     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Alteryx, Inc.                                       | Alteryx, Inc.                                                                                        | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |    -461111 | PA      | $0.00         | 0.00%             | 2031-02-08      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| Freddie Mac Military Housing B                      | Freddie Mac Military Housing Bonds Resecuritization Trust Certificates                               | CUSIP: 35563CAB4<br>LEI: 549300ZG8WH0M4JSUM77 | Long             | ABS-MBS          | USGSE             | US        |   38572705 | PA      | $2165132.20   | 0.10%             | 2055-11-25      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| NFM & J LLC                                         | The Facilities Group                                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    3242921 | PA      | $3201770.87   | 0.15%             | 2027-11-30      | Variable      | 10.06%                | No            |                  3 | On Loan: No      |
| FIRST BRANDS GROUP HOLDINGS LLC                     | First Brands Group LLC                                                                               | CUSIP: N/A<br>LEI: 2549005IXRZR7KSBJD91       | Long             | LON              | CORP              | US        |    2833994 | PA      | $2692294.28   | 0.13%             | 2027-03-30      | Variable      | 9.57%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                    | Altice France S.A.                                                                                   | CUSIP: 02156LAF8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    3025000 | PA      | $2586375.00   | 0.12%             | 2029-07-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NEW FLYER HOLDINGS                                  | New Flyer Holdings, Inc.                                                                             | CUSIP: 64438WAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     800000 | PA      | $858156.80    | 0.04%             | 2030-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Walmart Inc                                         | Walmart, Inc.                                                                                        | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |        175 | NS      | $16971.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corp                                           | Ball Corp.                                                                                           | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |        305 | NS      | $16055.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Capital Services LLC                 | 9-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        |   32082500 | NC      | $519207.14    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| KAISER ALUMINUM CORP                                | Kaiser Aluminum Corp.                                                                                | CUSIP: 483007AL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    4860000 | PA      | $4559211.68   | 0.21%             | 2031-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Super Micro Computer Inc                            | Super Micro Computer, Inc.                                                                           | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Long             | EC               | CORP              | US        |        387 | NS      | $16075.98     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software                       | Take-Two Interactive Software, Inc.                                                                  | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |         71 | NS      | $16562.17     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corp                                         | Incyte Corp.                                                                                         | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |        243 | NS      | $20560.23     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc                            | MarketAxess Holdings, Inc.                                                                           | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |         74 | NS      | $13604.16     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSURANT INC                                        | Assurant, Inc.                                                                                       | CUSIP: 04621XAK4<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | DBT              | CORP              | US        |     400000 | PA      | $409307.52    | 0.02%             | 2048-03-27      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Boyce Park CLO, LLC                                 | Boyce Park CLO Ltd.                                                                                  | CUSIP: 103226AA4<br>LEI: 54930028S3PFXX4SMQ72 | Long             | ABS-O            | CORP              | JE        |   10000000 | PA      | $10010637.00  | 0.47%             | 2035-04-21      | Floating      | 10.58%                | No            |                  2 | On Loan: No      |
| Regeneron Pharmaceuticals Inc                       | Regeneron Pharmaceuticals, Inc.                                                                      | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |         32 | NS      | $18582.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cerberus                                            | Cerberus Loan Funding XLVI, LP                                                                       | CUSIP: 15675BAD9<br>LEI: 635400QFSCXQUKSANU86 | Long             | ABS-O            | CORP              | US        |    3200000 | PA      | $3228859.84   | 0.15%             | 2036-07-15      | Floating      | 9.27%                 | No            |                  2 | On Loan: No      |
| Howmet Aerospace Inc                                | Howmet Aerospace, Inc.                                                                               | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |         98 | NS      | $17061.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.     | S&P 500 Index                                                                                        | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |        -40 | NC      | $-206000.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| CENTRAL HOLDCO LLC                                  | Central Parent LLC                                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    1529591 | PA      | $1276382.61   | 0.06%             | 2029-07-06      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| AIR CANADA                                          | Air Canada                                                                                           | CUSIP: 008911BJ7<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |    2900000 | PA      | $2091117.67   | 0.10%             | 2029-08-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                   | NatWest Group plc                                                                                    | CUSIP: 639057AG3<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    3500000 | PA      | $3518683.60   | 0.16%             | 2026-11-10      | Variable      | 7.47%                 | No            |                  2 | On Loan: No      |
| ZUORA INC                                           | Zuora, Inc.                                                                                          | CUSIP: N/A<br>LEI: 549300ISVGC1YZWQJ420       | Long             | LON              | CORP              | US        |    2795000 | PA      | $2782785.85   | 0.13%             | 2032-02-17      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| ARCIS GOLF LLC                                      | Arcis Golf LLC                                                                                       | CUSIP: N/A<br>LEI: 254900ZMGXNNIX4SXQ48       | Long             | LON              | CORP              | US        |    1296962 | PA      | $1299127.96   | 0.06%             | 2028-11-24      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg                      | Saluda Grade Alternative Mortgage Trust                                                              | CUSIP: 79581UAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     947773 | PA      | $979804.52    | 0.05%             | 2053-11-25      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC                                     | Global Atlantic Finance Co.                                                                          | CUSIP: 37959GAC1<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    2900000 | PA      | $2853209.17   | 0.13%             | 2051-10-15      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                | Bank of America Corp.                                                                                | CUSIP: 06055H400<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     275000 | NS      | $5046250.00   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| GRANT THORNTON ADVISORS LLC                         | Grant Thornton Advisors LLC                                                                          | CUSIP: N/A<br>LEI: 254900XS1SHU0YY3WF58       | Long             | LON              | CORP              | US        |    3050000 | PA      | $3056862.50   | 0.14%             | 2031-05-30      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| WALKER & DUNLOP INC                                 | Walker & Dunlop, Inc.                                                                                | CUSIP: 93148PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    2300000 | PA      | $2392943.00   | 0.11%             | 2033-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                               | Quikrete Holdings, Inc.                                                                              | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    2425000 | PA      | $2513590.10   | 0.12%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                             | Goldman Sachs & Co. LLC                                                                              | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Short            | RA               | CORP              | US        |   -4110718 | PA      | $-4110717.50  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                                  | Ardonagh Finco Ltd.                                                                                  | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |     850000 | PA      | $889492.70    | 0.04%             | 2031-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| IBM                                                 | International Business Machines Corp.                                                                | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |         59 | NS      | $14365.91     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LERNEN US FINCO LLC                                 | Cognita Ltd.                                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    1990012 | PA      | $1994987.53   | 0.09%             | 2031-10-27      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                             | Goldman Sachs & Co. LLC                                                                              | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Short            | RA               | CORP              | US        |    -938034 | PA      | $-938034.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| TACKLE SARL                                         | Tipico                                                                                               | CUSIP: N/A<br>LEI: 222100DLH8KKOD63ZQ23       | Long             | LON              | CORP              | LU        |    1650000 | PA      | $1931158.30   | 0.09%             | 2028-05-22      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                | Bank of America Corp.                                                                                | CUSIP: 060505GB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |    2650000 | NS      | $2588563.73   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PARTNERS II LLC                      | Venture Global Calcasieu Pass LLC                                                                    | CUSIP: N/A<br>LEI: 549300GKHS6RS20NLH85       | Long             | LON              | CORP              | US        |     659493 | PA      | $659083.82    | 0.03%             | 2026-08-19      | Variable      | 7.29%                 | No            |                  2 | On Loan: No      |
| Monster Beverage Corp                               | Monster Beverage Corp.                                                                               | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |        268 | NS      | $16725.88     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TORTUGA RESORTS GHD LLC                             | Tortuga Resorts GHD LLC                                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    3825000 | PA      | $3825000.00   | 0.18%             | 2032-08-13      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| STUDENT TRANSPORTATION OF AMERICA HOLDINGS INC      | Student Transportation Of America Holdings, Inc.                                                     | CUSIP: N/A<br>LEI: 549300O4G48RRYGSD439       | Long             | LON              | CORP              | US        |     420000 | PA      | $421314.60    | 0.02%             | 2032-06-24      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| HAWK HOLDING COMPANY LLC                            | Alterra Mountain Co.                                                                                 | CUSIP: N/A<br>LEI: 549300C5O4FSVNUEI843       | Long             | LON              | CORP              | US        |     461985 | PA      | $461407.12    | 0.02%             | 2028-08-17      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| QXO INC                                             | Beacon Roofing Supply, Inc.                                                                          | CUSIP: N/A<br>LEI: 549300HDXQWWCBOYXP31       | Long             | LON              | CORP              | US        |     113333 | PA      | $114271.73    | 0.01%             | 2032-04-23      | Variable      | 7.30%                 | No            |                  2 | On Loan: No      |
| Paycom Software Inc                                 | Paycom Software, Inc.                                                                                | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |         66 | NS      | $14991.90     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ALMAVIVA SANTE SAS                                  | Almaviva Sante                                                                                       | CUSIP: N/A<br>LEI: 969500FZ90GO3VQI9485       | Long             | LON              | CORP              | FR        |    1050000 | PA      | $1229656.02   | 0.06%             | 2031-04-08      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| Devon Energy Corp                                   | Devon Energy Corp.                                                                                   | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |        485 | NS      | $17508.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TOWD POINT REVOLVING TRUST TPRT_24-A                | Top Pressure Recovery Turbines                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |    1989073 | PA      | $1989072.52   | 0.09%             | 2069-11-01      | Fixed         | 7.51%                 | No            |                  2 | On Loan: No      |
| News Corp                                           | News Corp.                                                                                           | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |        449 | NS      | $13205.09     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.     | S&P 500 Index                                                                                        | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |        -40 | NC      | $-174600.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| ALBION FINANCING 1SARL /                            | Albion Financing 1 SARL / Aggreko Holdings, Inc.                                                     | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    1550000 | PA      | $1599449.65   | 0.07%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Blackstone Inc                                      | Blackstone, Inc.                                                                                     | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |        118 | NS      | $20225.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VALCOUR PACKAGING LLC                               | Valcour Packaging LLC                                                                                | CUSIP: N/A<br>LEI: 254900JCJHQJK9LWF787       | Long             | LON              | CORP              | US        |     360023 | PA      | $360249.82    | 0.02%             | 2028-10-04      | Variable      | 9.62%                 | No            |                  2 | On Loan: No      |
| DEUCE FINCO PLC                                     | Deuce FinCo plc                                                                                      | CUSIP: N/A<br>LEI: 9845007DA2BC863E8437       | Long             | DBT              | CORP              | GB        |    1200000 | PA      | $1619063.63   | 0.08%             | 2027-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co                                    | Wells Fargo & Co.                                                                                    | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |        223 | NS      | $18326.14     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MORAN FOODS LLC                                     | Save-A-Lot                                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    1871199 | NS      | $187.12       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Corteva Inc                                         | Corteva, Inc.                                                                                        | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |        232 | NS      | $17212.08     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas                                         | 6-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -10090625 | NC      | $-51626.66    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan                       | New Residential Mortgage Loan Trust                                                                  | CUSIP: 64831VAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1715922 | PA      | $1709169.69   | 0.08%             | 2052-11-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| RENAISSANCERE HOLDINGS L                            | RenaissanceRe Holdings Ltd.                                                                          | CUSIP: EP0599001<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EP               | CORP              | BM        |      13000 | NS      | $212810.00    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HP COMMUNITIES LLC                                  | HP Communities LLC                                                                                   | CUSIP: 44329HAW4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     902174 | PA      | $859669.61    | 0.04%             | 2053-09-15      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                               | McGraw-Hill Education, Inc.                                                                          | CUSIP: 57767XAB6<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    6300000 | PA      | $6427197.00   | 0.30%             | 2029-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CMS ENERGY CORP                                     | CMS Energy Corp.                                                                                     | CUSIP: 125896BY5<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    1570000 | PA      | $1601467.51   | 0.07%             | 2055-06-01      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| POWERGRID VEGETATION SERVICES LLC                   | Powergrid Services LLC                                                                               | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |   -1690000 | PA      | $-118300.00   | -0.01%            | 2030-03-31      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| CSX Corp                                            | CSX Corp.                                                                                            | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |        518 | NS      | $16840.18     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                                     | Ross Stores, Inc.                                                                                    | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |        123 | NS      | $18100.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.     | S&P 500 Index                                                                                        | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |         -4 | NC      | $-25980.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| AHG FUNDING 2024A                                   | Akso Health Group                                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |    1987562 | PA      | $2032202.32   | 0.09%             | 2044-12-31      | Fixed         | 7.27%                 | No            |                  3 | On Loan: No      |
| AI GLOBAL INVESTMENTS & CY SCA                      | AI Monet (Luxembourg) Parentco SARL                                                                  | CUSIP: N/A<br>LEI: 254900ZBR0EYN4SVLE93       | Long             | LON              | CORP              | LU        |    3250000 | PA      | $3818360.24   | 0.18%             | 2031-03-06      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific Inc                        | Thermo Fisher Scientific, Inc.                                                                       | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |         40 | NS      | $19708.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc/OH                        | Huntington Bancshares, Inc.                                                                          | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |       1041 | NS      | $18540.21     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKLEY (WR) CORPORATION                            | W R Berkley Corp.                                                                                    | CUSIP: 084423888<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EP               | CORP              | US        |      36800 | NS      | $650256.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| DURAVANT LLC                                        | Engineered Machinery Holdings, Inc.                                                                  | CUSIP: N/A<br>LEI: 5493008AR0NPSLW8EW07       | Long             | LON              | CORP              | US        |    1600000 | PA      | $1877861.24   | 0.09%             | 2028-05-21      | Variable      | 5.98%                 | No            |                  2 | On Loan: No      |
| Archer-Daniels-Midland Co                           | Archer-Daniels-Midland Co.                                                                           | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |        344 | NS      | $21548.16     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                                       | Citigroup, Inc.                                                                                      | CUSIP: 17327CBC6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |    4500000 | NS      | $4578790.50   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                   | 1-Year/2-Year Interest Rate Swap                                                                     | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DIR              |  | GB        |  -10090625 | NC      | $-43306.04    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Regions Financial Corp                              | Regions Financial Corp.                                                                              | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |        751 | NS      | $20569.89     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SHERWOOD FINANCING PLC                              | Sherwood Financing plc                                                                               | CUSIP: N/A<br>LEI: 259400SSZWSSPNYW7K08       | Long             | DBT              | CORP              | GB        |     300000 | PA      | $351004.52    | 0.02%             | 2029-12-15      | Variable      | 7.47%                 | No            |                  2 | On Loan: No      |
| BACH FINANCE LTD                                    | Fugue Finance LLC                                                                                    | CUSIP: N/A<br>LEI: 254900Y4DWBRGAFENC88       | Long             | LON              | CORP              | US        |    5083152 | PA      | $5091336.38   | 0.24%             | 2032-01-09      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| Skyworks Solutions Inc                              | Skyworks Solutions, Inc.                                                                             | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |        230 | NS      | $17236.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                            | Live Nation Entertainment, Inc.                                                                      | CUSIP: 538034AV1<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |    3350000 | PA      | $3385138.15   | 0.16%             | 2027-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                               | Wells Fargo & Co.                                                                                    | CUSIP: 95002Y202<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |      50000 | NS      | $893000.00    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| MAPLE GROVE FUNDING TR I                            | Maple Grove Funding Trust I                                                                          | CUSIP: 565130AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    8000000 | PA      | $5427242.88   | 0.25%             | 2051-08-15      | Fixed         | 4.16%                 | No            |                  2 | On Loan: No      |
| MIWD HLDCO II/MIWD FIN                              | MIWD Holdco II LLC / MIWD Finance Corp.                                                              | CUSIP: 55337PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     125000 | PA      | $122879.81    | 0.01%             | 2030-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                 | Sirius XM Radio LLC                                                                                  | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    2300000 | PA      | $2068459.23   | 0.10%             | 2031-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| H.B. FULLER CO                                      | HB Fuller Co.                                                                                        | CUSIP: 40410KAA3<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | DBT              | CORP              | US        |    1150000 | PA      | $1116890.35   | 0.05%             | 2028-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Dollar Tree Inc                                     | Dollar Tree, Inc.                                                                                    | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |        178 | NS      | $19432.26     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HANGER INC                                          | Hanger, Inc.                                                                                         | CUSIP: N/A<br>LEI: 254900ZJJJYVLHJXSZ60       | Long             | LON              | CORP              | US        |    4153469 | PA      | $4161277.15   | 0.19%             | 2031-10-23      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Ventas Inc                                          | Ventas, Inc.                                                                                         | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |        263 | NS      | $17905.04     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corp                                           | News Corp.                                                                                           | CUSIP: 65249B208<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |        133 | NS      | $4504.71      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BX Trust                                            | BX Commercial Mortgage Trust                                                                         | CUSIP: 12433CAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1497912 | PA      | $1503061.41   | 0.07%             | 2039-08-15      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| ALLIANZ SE                                          | Allianz SE                                                                                           | CUSIP: 018820AE0<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |    5400000 | PA      | $5503410.00   | 0.26%             | N/A             | Variable      | 6.55%                 | No            |                  2 | On Loan: No      |
| SECRETARIAT ADVISORS LLC                            | Secretariat Advisors LLC                                                                             | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |    -188172 | PA      | $0.00         | 0.00%             | 2032-02-21      | Variable      | 4.00%                 | No            |                  3 | On Loan: No      |
| BHN UPPER INTERMEDIATE HOLDINGS INC                 | Blackhawk Network Holdings, Inc.                                                                     | CUSIP: N/A<br>LEI: 549300LFU3K8UIR03132       | Long             | LON              | CORP              | US        |    4148205 | PA      | $4163179.77   | 0.19%             | 2029-03-12      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| CROCS INC                                           | Crocs, Inc.                                                                                          | CUSIP: 227046AA7<br>LEI: 549300B0J6YCXD63OG72 | Long             | DBT              | CORP              | US        |    3238000 | PA      | $3079140.16   | 0.14%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HPS Private Credit CLO                              | HPS Private Credit CLO LLC                                                                           | CUSIP: 40445YAE4<br>LEI: 254900WC9JHPFFXUKB77 | Long             | ABS-O            | CORP              | US        |    2000000 | PA      | $2006062.00   | 0.09%             | 2037-07-20      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                            | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |   -1196072 | PA      | $-1196071.51  | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| FARMER MAC                                          | Farmer Mac                                                                                           | CUSIP: 313148850<br>LEI: 549300MS654K78GYF580 | Long             | EP               | CORP              | US        |      80821 | NS      | $1832212.07   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| API HOLDINGS III LLC                                | API Holdings III Corp.                                                                               | CUSIP: N/A<br>LEI: 549300FAGEOQASEWDY74       | Long             | LON              | CORP              | US        |    1734229 | PA      | $1505310.52   | 0.07%             | 2027-05-09      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                                    | Altria Group, Inc.                                                                                   | CUSIP: 02209SBN2<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    6000000 | PA      | $4153967.16   | 0.19%             | 2051-02-04      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |   -4248358 | PA      | $-4248357.53  | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| BCP V MODULAR SERVICES FINANCE PLC                  | BCP V Modular Services Finance II plc                                                                | CUSIP: N/A<br>LEI: 213800K8U94KVZL98H64       | Long             | DBT              | CORP              | GB        |    1550000 | PA      | $1703806.55   | 0.08%             | 2028-10-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ONE HOTELS & RESORTS GMBH                           | One Hotels GmbH                                                                                      | CUSIP: N/A<br>LEI: 529900OZ5000U0NZHM90       | Long             | LON              | CORP              | DE        |    3000000 | PA      | $3535064.94   | 0.16%             | 2032-06-04      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| CARPENTER TECHNOLOGY                                | Carpenter Technology Corp.                                                                           | CUSIP: 144285AM5<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |    2500000 | PA      | $2574110.00   | 0.12%             | 2030-03-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| ITT HOLDINGS LLC                                    | ITT Holdings LLC                                                                                     | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |    8050000 | PA      | $7891403.73   | 0.37%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PARTNERRE LTD                                       | PartnerRe Ltd.                                                                                       | CUSIP: EP0597732<br>LEI: 7LLHQS68KCIGNZBR7918 | Long             | EP               | CORP              | BM        |     128000 | NS      | $2176000.00   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Octagon 74 Ltd                                      | Octagon 74 Ltd.                                                                                      | CUSIP: 675960AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    2000000 | PA      | $1441137.60   | 0.07%             | 2038-04-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sherwin-Williams Co/The                             | Sherwin-Williams Co.                                                                                 | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |         47 | NS      | $17194.01     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY FIN LLC                              | Morgan Stanley Finance LLC                                                                           | CUSIP: 61769HZV0<br>LEI: 5493003FCPSE9RKT4B56 | Long             | DBT              | CORP              | US        |   13500000 | PA      | $11445300.00  | 0.53%             | 2029-10-23      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| HOWDEN GROUP HOLDINGS LTD                           | Howden Group Holdings Ltd.                                                                           | CUSIP: N/A<br>LEI: 213800OOZO37Y7YL2O58       | Long             | LON              | CORP              | GB        |    3750000 | PA      | $4403474.90   | 0.20%             | 2031-02-15      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| INTEGRATED POWER SERVICES HOLDINGS INC              | Integrated Power Services Holdings, Inc.                                                             | CUSIP: N/A<br>LEI: 254900XZHU62GSCKCC41       | Long             | LON              | CORP              | US        |    3863324 | PA      | $3854401.74   | 0.18%             | 2028-11-22      | Variable      | 9.18%                 | No            |                  3 | On Loan: No      |
| Corpay Inc                                          | Corpay, Inc.                                                                                         | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |         48 | NS      | $15632.16     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AASET 2021-2 Trust                                  | AASET Trust                                                                                          | CUSIP: 00258BAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3360730 | PA      | $3180196.55   | 0.15%             | 2047-01-15      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                         | Oracle Corp.                                                                                         | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |         95 | NS      | $21482.35     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.     | S&P 500 Index                                                                                        | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |        -40 | NC      | $-347600.00   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Capital Services LLC                 | 1-Year/2-Year Interest Rate Swap                                                                     | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        |  -14126875 | NC      | $-35485.01    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                                      | CVR Energy, Inc.                                                                                     | CUSIP: 12662PAD0<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |    2100000 | PA      | $2046365.37   | 0.10%             | 2028-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                    | Societe Generale                                                                                     | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | US        |   -5047089 | PA      | $-5047088.61  | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                               | McGraw-Hill Education, Inc.                                                                          | CUSIP: 57767XAA8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    3525000 | PA      | $3543346.96   | 0.16%             | 2028-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Eaton Vance Ltd Duration Incom                      | Eaton Vance Limited Duration Income Fund                                                             | CUSIP: 27828H105<br>LEI: NZ7KR43H6Z5W1GY0QX46 | Long             | EC               | RF                | US        |     141764 | NS      | $1463004.48   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Octagon 78 Ltd                                      | Octagon 78 Ltd.                                                                                      | CUSIP: 675963AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    4150000 | PA      | $3567008.00   | 0.17%             | 2038-10-20      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| T-Mobile US Inc                                     | T-Mobile US, Inc.                                                                                    | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |         73 | NS      | $18395.27     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs International                         | Foreign Exchange USD/JPY                                                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |    -932000 | NC      | $-767.98      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EDEN SAS                                            | Eden S.A.S.                                                                                          | CUSIP: N/A<br>LEI: 969500LHPXZW8IWXME81       | Long             | LON              | CORP              | FR        |    2100000 | PA      | $2464471.74   | 0.11%             | 2029-06-22      | Variable      | 5.48%                 | No            |                  2 | On Loan: No      |
| Chevron Corp                                        | Chevron Corp.                                                                                        | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        116 | NS      | $18629.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                                         | Viatris, Inc.                                                                                        | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |       1860 | NS      | $19623.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Capital Services LLC                 | CURRENCY CONTRACT - Rec USD / Deliver EUR                                                            | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |    -175000 | NC      | $148.11       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CEAMER FINANCE LLC                                  | Ceamer Finance LLC                                                                                   | CUSIP: N/A<br>LEI: 549300KGM6NOF0Q0GA88       | Long             | ABS-O            | CORP              | US        |    1666191 | PA      | $1611972.68   | 0.08%             | 2031-03-24      | Fixed         | 3.69%                 | No            |                  3 | On Loan: No      |
| Vistra Corp                                         | Vistra Corp.                                                                                         | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |        100 | NS      | $18911.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BOLUDA CORPORACION MARITIMA SL                      | Boluda Towage S.L.                                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | ES        |    3950000 | PA      | $4649510.94   | 0.22%             | 2030-01-31      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| CORVIAS MILITARY LIVING LLC                         | Homestead Spe Issuer LLC                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    4500000 | PA      | $4560390.00   | 0.21%             | 2055-04-01      | Fixed         | 7.21%                 | No            |                  3 | On Loan: No      |
| Nassau 2019 CFO LLC                                 | Nassau LLC                                                                                           | CUSIP: 63172DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     580282 | PA      | $549387.81    | 0.03%             | 2034-08-15      | Fixed         | 3.98%                 | Yes           |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                    | Altice France S.A.                                                                                   | CUSIP: 02156LAH4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    8175000 | PA      | $7010062.50   | 0.33%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tractor Supply Co                                   | Tractor Supply Co.                                                                                   | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |        325 | NS      | $20072.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CH Robinson Worldwide Inc                           | CH Robinson Worldwide, Inc.                                                                          | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |        177 | NS      | $22779.90     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                                 | JPMorgan Chase & Co.                                                                                 | CUSIP: 48128AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |    2400000 | NS      | $2464975.20   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| PELICAN TOPCO LLC                                   | Pregis TopCo LLC                                                                                     | CUSIP: N/A<br>LEI: 549300LJXHJYHS1GM034       | Long             | LON              | CORP              | US        |    5047883 | PA      | $5089528.08   | 0.24%             | 2029-02-28      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp/T                      | Bank of New York Mellon Corp.                                                                        | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |        187 | NS      | $19747.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| API GROUP DE INC                                    | APi Group DE, Inc.                                                                                   | CUSIP: 001877AA7<br>LEI: 549300XP4G7B4QYA0G83 | Long             | DBT              | CORP              | US        |     400000 | PA      | $383958.72    | 0.02%             | 2029-07-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| COMPAGNIE BENELUX PARTICIPATIONS SA                 | Socotec Holding                                                                                      | CUSIP: N/A<br>LEI: 969500TSHWNDZONA3M83       | Long             | LON              | CORP              | FR        |    2277000 | PA      | $2287428.66   | 0.11%             | 2031-06-02      | Variable      | 7.61%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH HLTHS                      | Oklahoma Development Finance Authority Revenue Bonds                                                 | CUSIP: 67884XCP0<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |     400000 | PA      | $392131.80    | 0.02%             | 2028-08-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| TACKLE SARL                                         | Tipico                                                                                               | CUSIP: N/A<br>LEI: 222100DLH8KKOD63ZQ23       | Long             | LON              | CORP              | LU        |    1600000 | PA      | $1872788.11   | 0.09%             | 2028-05-18      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| DISPATCH TERRA ACQUISITION LLC                      | Dispatch Terra Acquisition LLC                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    4067908 | PA      | $3965356.42   | 0.18%             | 2028-03-27      | Variable      | 8.70%                 | No            |                  2 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |   -2445931 | PA      | $-2445930.84  | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| Public Service Enterprise Grou                      | Public Service Enterprise Group, Inc.                                                                | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |        207 | NS      | $17042.31     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp                                | Western Digital Corp.                                                                                | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |        301 | NS      | $24182.34     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UPBOUND GROUP INC                                   | Upbound Group, Inc.                                                                                  | CUSIP: 76009NAL4<br>LEI: 529900QUHE15UQNCCJ63 | Long             | DBT              | CORP              | US        |    3625000 | PA      | $3552870.11   | 0.17%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                         | 12-Month/2-Year Interest Rate Swap                                                                   | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -40304527 | NC      | $-116052.45   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Baker Hughes Co                                     | Baker Hughes Co.                                                                                     | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        427 | NS      | $19385.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSENDI SA                                          | AccorInvest Group S.A.                                                                               | CUSIP: N/A<br>LEI: 2221000MD2YP7WLTNC52       | Long             | DBT              | CORP              | LU        |    2550000 | PA      | $3041035.63   | 0.14%             | 2032-05-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                         | 1-Year/2-Year Interest Rate Swap                                                                     | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -14126875 | NC      | $-35485.01    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                             | Goldman Sachs & Co. LLC                                                                              | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Short            | RA               | CORP              | US        |   -3028647 | PA      | $-3028647.39  | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP                             | American National Group, Inc.                                                                        | CUSIP: 025676AR8<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |    5250000 | PA      | $5372010.00   | 0.25%             | 2055-12-01      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                          | Fannie Mae                                                                                           | CUSIP: 3140QSTU5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    5176337 | PA      | $5125602.09   | 0.24%             | 2053-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hershey Co/The                                      | Hershey Co.                                                                                          | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |        100 | NS      | $18375.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIGGO BV                                            | Ziggo B.V.                                                                                           | CUSIP: 98955DAA8<br>LEI: 213800TQASLF9JXH5J59 | Long             | DBT              | CORP              | NL        |     725000 | PA      | $680384.30    | 0.03%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                              | Match Group Holdings II LLC                                                                          | CUSIP: 57667JAA0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |     875000 | PA      | $789778.94    | 0.04%             | 2031-10-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                            | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |    -403562 | PA      | $-403562.15   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |   -3554346 | PA      | $-3554345.69  | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| FT 1 INC                                            | Targus, Inc.                                                                                         | CUSIP: N/A<br>LEI: 5493002GPK5LQJ7QPJ51       | Long             | EC               | CORP              | US        |      45049 | NS      | $4.50         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ENVIRI CORP                                         | Enviri Corp.                                                                                         | CUSIP: 415864AM9<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | DBT              | CORP              | US        |    3824000 | PA      | $3781010.97   | 0.18%             | 2027-07-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FIRST AMERICAN FINANCIAL                            | First American Financial Corp.                                                                       | CUSIP: 31847RAG7<br>LEI: 549300B6VEZK3N0A1P55 | Long             | DBT              | CORP              | US        |    1740000 | PA      | $1670027.15   | 0.08%             | 2030-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Willis Towers Watson PLC                            | Willis Towers Watson plc                                                                             | CUSIP: N/A<br>LEI: 549300WHC56FF48KL350       | Long             | EC               | CORP              | US        |         57 | NS      | $18627.03     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc                                      | CBRE Group, Inc.                                                                                     | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |        125 | NS      | $20265.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EMERSON ELECTRIC CO                                 | Emerald Debt Merger Sub LLC                                                                          | CUSIP: N/A<br>LEI: 98450099EE3A0ZD5F786       | Long             | DBT              | CORP              | US        |     450000 | PA      | $549354.97    | 0.03%             | 2030-12-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| LKQ Corp                                            | LKQ Corp.                                                                                            | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |        423 | NS      | $13798.26     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |   -3798101 | PA      | $-3798100.88  | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| Dreyfus Treasury Securities Ca                      | Dreyfus Treasury Securities Cash Management Fund - Institutional Shares                              | CUSIP: N/A<br>LEI: 549300U78VESCW509025       | Long             | STIV             | RF                | US        |   49257314 | NS      | $49257314.08  | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Dryden Senior Loan Fund                             | Dryden 41 Senior Loan Fund                                                                           | CUSIP: 26244LAA2<br>LEI: 5493000CMI5L15ZSNM78 | Long             | ABS-O            | CORP              | KY        |    1850000 | PA      | $9929.69      | 0.00%             | 2031-04-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tyson Foods Inc                                     | Tyson Foods, Inc.                                                                                    | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |        301 | NS      | $17090.78     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc                         | Honeywell International, Inc.                                                                        | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |         74 | NS      | $16243.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE PRO USA INC                                   | Waste Pro USA, Inc.                                                                                  | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |    1200000 | PA      | $1254757.20   | 0.06%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                                       | U.S. Treasury Bills                                                                                  | CUSIP: 912797MH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1500000 | PA      | $1499647.08   | 0.07%             | 2025-09-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                            | Neuberger Berman Loan Advisers CLO 47 Ltd.                                                           | CUSIP: 64134TAA9<br>LEI: 549300JRWXK6DFJD7D06 | Long             | ABS-O            | CORP              | KY        |    4250000 | PA      | $4270220.23   | 0.20%             | 2035-04-14      | Floating      | 10.57%                | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                            | Clarios Global Limited Partnership / Clarios US Finance Co.                                          | CUSIP: 69867DAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    2650000 | PA      | $2661148.55   | 0.12%             | 2027-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Cerberus                                            | Cerberus Loan Funding 52 LLC                                                                         | CUSIP: 15675MAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    5750000 | PA      | $5750000.00   | 0.27%             | 2037-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                            | Madison Park Funding LVIII Ltd.                                                                      | CUSIP: 55817BAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    1700000 | PA      | $1713442.07   | 0.08%             | 2037-04-25      | Floating      | 7.97%                 | No            |                  2 | On Loan: No      |
| ALLWYN ENTERTAINMENT FINANCING US LLC               | Allwyn Entertainment Financing US LLC                                                                | CUSIP: N/A<br>LEI: 315700J7ZTIN8XGCX365       | Long             | LON              | CORP              | GB        |    4350000 | PA      | $5091337.31   | 0.24%             | 2032-03-19      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| Interactive Brokers Group Inc                       | Interactive Brokers Group, Inc.                                                                      | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |        278 | NS      | $17302.72     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VMED O2 UK FINAN                                    | Vmed O2 UK Financing I plc                                                                           | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |     650000 | PA      | $607760.60    | 0.03%             | 2031-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AREIT CRE Trust                                     | AREIT Ltd.                                                                                           | CUSIP: 00193DAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1300000 | PA      | $1294037.94   | 0.06%             | 2030-01-17      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| Lululemon Athletica Inc                             | Lululemon Athletica, Inc.                                                                            | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |         65 | NS      | $13143.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CARPENTER TECHNOLOGY                                | Carpenter Technology Corp.                                                                           | CUSIP: 144285AL7<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |    5225000 | PA      | $5240549.60   | 0.24%             | 2028-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Ameriprise Financial Inc                            | Ameriprise Financial, Inc.                                                                           | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |         32 | NS      | $16473.92     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AVISON YOUNG (CANADA) INC                           | Avison Young (Canada), Inc.                                                                          | CUSIP: N/A<br>LEI: 549300JFJVF4I6PSM579       | Long             | EP               | CORP              | CA        |     815493 | NS      | $8154.93      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AP GRANGE HOLDINGS LLC                              | AP Grange Holdings LLC                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |     601025 | PA      | $601024.66    | 0.03%             | 2045-03-20      | Fixed         | 6.50%                 | No            |                  3 | On Loan: No      |
| COMPASS MINERALS INTERNA                            | Compass Minerals International, Inc.                                                                 | CUSIP: 20451NAG6<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |     766000 | PA      | $765453.00    | 0.04%             | 2027-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                              | Mauser Packaging Solutions Holding Co.                                                               | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    1875000 | PA      | $1897318.13   | 0.09%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                               | Foreign Exchange EUR/USD                                                                             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |   14272000 | NC      | $49199.41     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| COBHAM GROUP HOLDINGS LTD                           | Cobham Ultra SeniorCo SARL                                                                           | CUSIP: N/A<br>LEI: 254900L6IKLPZKIC4F32       | Long             | LON              | CORP              | LU        |    4627304 | PA      | $4631422.12   | 0.22%             | 2029-08-03      | Variable      | 8.37%                 | No            |                  2 | On Loan: No      |
| THUNDERBIRD 2022-1                                  | Thunderbird A                                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |   21200000 | PA      | $19776844.00  | 0.92%             | 2037-03-01      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| MERLIN BUYER INC                                    | Merlin Buyer, Inc.                                                                                   | CUSIP: N/A<br>LEI: 2549008CJ699WXZAWW31       | Long             | LON              | CORP              | US        |    4039936 | PA      | $4001232.99   | 0.19%             | 2028-12-14      | Variable      | 8.30%                 | No            |                  2 | On Loan: No      |
| SOMNIGROUP INTL INC                                 | Somnigroup International, Inc.                                                                       | CUSIP: 88023UAH4<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |     500000 | PA      | $480611.10    | 0.02%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                | WR Grace Holdings LLC                                                                                | CUSIP: 92943GAF8<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |     200000 | PA      | $199440.00    | 0.01%             | 2032-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Estee Lauder Cos Inc/The                            | Estee Lauder Companies, Inc.                                                                         | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |        240 | NS      | $22015.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| STRIP PRINC                                         | U.S. Treasury Bonds                                                                                  | CUSIP: 912803EK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    5030000 | PA      | $1926257.26   | 0.09%             | 2044-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Blackstone Strategic Credit 20                      | Blackstone Strategic Credit Fund                                                                     | CUSIP: 09257R101<br>LEI: 549300YESIF051NRED20 | Long             | EC               | RF                | US        |     186741 | NS      | $2352936.60   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GS Mortgage Securities Trust                        | GS Mortgage Securities Corporation Trust                                                             | CUSIP: 36258BAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1844285 | PA      | $1781082.92   | 0.08%             | 2036-12-15      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2015-1 AA PTT                            | United Airlines Class AA Pass Through Trust                                                          | CUSIP: 90932LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     359792 | PA      | $351091.13    | 0.02%             | 2027-12-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                               | Wells Fargo & Co.                                                                                    | CUSIP: 94988U151<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |     183750 | NS      | $3575775.00   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| ASP DREAM ACQUISITION CO LLC                        | ASP Dream Acquisiton Co. LLC                                                                         | CUSIP: N/A<br>LEI: 254900DH5Q9BDS6KS803       | Long             | LON              | CORP              | US        |    4201395 | PA      | $3781255.38   | 0.18%             | 2028-12-15      | Variable      | 8.67%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                    | Societe Generale                                                                                     | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |   -4345781 | PA      | $-4345781.40  | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| Kraft Heinz Co/The                                  | Kraft Heinz Co.                                                                                      | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |        630 | NS      | $17621.10     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.     | S&P 500 Index                                                                                        | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |        -40 | NC      | $-234000.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                                     | CMS Energy Corp.                                                                                     | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |        238 | NS      | $17033.66     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DEUCE FINCO PLC                                     | Deuce FinCo plc                                                                                      | CUSIP: N/A<br>LEI: 9845007DA2BC863E8437       | Long             | DBT              | CORP              | GB        |     100000 | PA      | $117963.13    | 0.01%             | 2027-06-15      | Variable      | 6.72%                 | No            |                  2 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.     | S&P 500 Index                                                                                        | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |        -40 | NC      | $-149000.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Jack Henry & Associates Inc                         | Jack Henry & Associates, Inc.                                                                        | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |         93 | NS      | $15183.18     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                               | Texas Instruments, Inc.                                                                              | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |         84 | NS      | $17008.32     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                                | Progressive Corp.                                                                                    | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |         64 | NS      | $15811.84     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Aegion Corp.                                        | Aegion Corp.                                                                                         | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |    -155844 | PA      | $0.00         | 0.00%             | 2028-05-17      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| Castlelake Aircraft Structured                      | Castlelake Aircraft Securitization Trust                                                             | CUSIP: 14856CAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     521545 | PA      | $507666.37    | 0.02%             | 2043-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| STRIP PRINC                                         | U.S. Treasury Bonds                                                                                  | CUSIP: 912803GA5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   32650000 | PA      | $8789086.48   | 0.41%             | 2051-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Evergy Inc                                          | Evergy, Inc.                                                                                         | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |        248 | NS      | $17672.48     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Schein Inc                                    | Henry Schein, Inc.                                                                                   | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |        235 | NS      | $16351.30     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CHECKERS HOLDINGS INC                               | Checkers Holdings, Inc.                                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      84343 | NS      | $335685.14    | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| Micron Technology Inc                               | Micron Technology, Inc.                                                                              | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |        144 | NS      | $17137.44     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                                            | Fox Corp.                                                                                            | CUSIP: 35137L204<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |        121 | NS      | $6600.55      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OSAIC HOLDINGS INC                                  | Osaic Holdings, Inc.                                                                                 | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |     500000 | PA      | $509453.50    | 0.02%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                      | NRG Energy, Inc.                                                                                     | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |        112 | NS      | $16302.72     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Wonder Lake Park CLO, Ltd.                          | Wonder Lake Park CLO Ltd.                                                                            | CUSIP: 97816XAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    4450000 | PA      | $3768818.03   | 0.18%             | 2038-07-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                                 | Dominion Energy, Inc.                                                                                | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |        301 | NS      | $18029.90     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America, N.A.                               | Foreign Exchange EUR/USD                                                                             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |    5827000 | NC      | $147.33       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| American Express Co                                 | American Express Co.                                                                                 | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |         56 | NS      | $18551.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                           | Tesla, Inc.                                                                                          | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |         51 | NS      | $17027.37     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TSG SOLUTIONS HOLDING SA                            | TSG Solutions Holding                                                                                | CUSIP: N/A<br>LEI: 969500LKBUJJXR2GYZ38       | Long             | LON              | CORP              | FR        |    4775000 | PA      | $5614689.36   | 0.26%             | 2032-05-04      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                             | Goldman Sachs Group, Inc.                                                                            | CUSIP: 38141GC28<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |    1500000 | NS      | $1544809.50   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                            | Prudential Financial, Inc.                                                                           | CUSIP: 744320BJ0<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |     700000 | PA      | $685948.41    | 0.03%             | 2052-03-01      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| GAMMA MANAGEMENT LLC                                | Lottomatica Group SpA                                                                                | CUSIP: N/A<br>LEI: 549300R72LKEGT4EX026       | Long             | DBT              | CORP              | IT        |    2550000 | PA      | $3054076.19   | 0.14%             | 2031-01-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| XPLORNET COMMUNICATIONS INC                         | Xplore, Inc.                                                                                         | CUSIP: N/A<br>LEI: 2138007ZVGYYNWEGU394       | Long             | LON              | CORP              | CA        |     310657 | PA      | $292017.93    | 0.01%             | 2029-10-23      | Variable      | 4.72%                 | No            |                  2 | On Loan: No      |
| VECTOR PHOENIX HOLDINGS (CAYMAN) LP                 | Vector Phoenix Holdings, LP                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     121040 | NS      | $2561.46      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MB2 DENTAL SOLUTIONS LLC                            | MB2 Dental Solutions LLC                                                                             | CUSIP: N/A<br>LEI: 254900HDV9GEHEZLSQ19       | Short            | LON              | CORP              | US        |   -1279964 | PA      | $-2032.21     | -0.00%            | 2031-02-13      | Variable      | 1.00%                 | No            |                  3 | On Loan: No      |
| Citizens Financial Group Inc                        | Citizens Financial Group, Inc.                                                                       | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |        404 | NS      | $21121.12     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNDIGO LLC                                         | Syndigo LLC                                                                                          | CUSIP: N/A<br>LEI: 5493003F0ELO33ON0186       | Long             | LON              | CORP              | US        |    4404500 | PA      | $4398994.38   | 0.20%             | 2027-12-15      | Variable      | 8.93%                 | No            |                  2 | On Loan: No      |
| Fortive Corp                                        | Fortive Corp.                                                                                        | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |        308 | NS      | $14740.88     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc                      | American Electric Power Company, Inc.                                                                | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |        164 | NS      | $18207.28     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| QSR PLATFORM HOLDING SCA                            | QSRP Finco B.V.                                                                                      | CUSIP: N/A<br>LEI: 894500AXJRZ3TICBD793       | Long             | LON              | CORP              | BE        |    4100000 | PA      | $4815089.51   | 0.22%             | 2031-06-19      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO LLC                         | Beach Acquisition Bidco, LLC                                                                         | CUSIP: N/A<br>LEI: 254900F2FNX3GBTB6202       | Long             | DBT              | CORP              | US        |     700000 | PA      | $836754.12    | 0.04%             | 2032-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SITECORE HOLDING II A/S                             | Sitecore Holding III A/S                                                                             | CUSIP: N/A<br>LEI: 213800M9GGJ3GNKQOC39       | Long             | LON              | CORP              | DK        |    1996195 | PA      | $1982983.57   | 0.09%             | 2029-03-12      | Variable      | 5.80%                 | No            |                  3 | On Loan: No      |
| FS Rialto Issuer Ltd                                | FS Rialto Issuer LLC                                                                                 | CUSIP: 30340KAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3000000 | PA      | $2954761.50   | 0.14%             | 2042-08-19      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| TOPBUILD CORP                                       | TopBuild Corp.                                                                                       | CUSIP: 89055FAC7<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |     400000 | PA      | $372802.32    | 0.02%             | 2032-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| OPTIGROUP BIDCO AB                                  | OptiGroup                                                                                            | CUSIP: N/A<br>LEI: 636700XX588OC0LA8295       | Long             | LON              | CORP              | SE        |    1600000 | PA      | $1765541.13   | 0.08%             | 2029-03-16      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| WAMU Asset-Backed Certificates                      | WaMu Asset-Backed Certificates WaMu Series                                                           | CUSIP: 92926SAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1263214 | PA      | $453539.15    | 0.02%             | 2037-04-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Military Housing B                      | Freddie Mac Military Housing Bonds Resecuritization Trust Certificates                               | CUSIP: 35563CAY4<br>LEI: 549300ZG8WH0M4JSUM77 | Long             | ABS-MBS          | USGSE             | US        |    3217034 | PA      | $2672327.16   | 0.12%             | 2052-11-25      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                         | OCP CLO 2025-44 Ltd.                                                                                 | CUSIP: 67570VAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    2400000 | PA      | $2069173.92   | 0.10%             | 2038-10-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fidelity National Information                       | Fidelity National Information Services, Inc.                                                         | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |        207 | NS      | $14450.67     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                                       | Boeing Co.                                                                                           | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |         78 | NS      | $18305.04     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp                                        | Centene Corp.                                                                                        | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |        302 | NS      | $8770.08      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                      | Microsoft Corp.                                                                                      | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |         35 | NS      | $17734.15     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Domino's Pizza Inc                                  | Domino's Pizza, Inc.                                                                                 | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |         37 | NS      | $16957.10     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                                        | Moody's Corp.                                                                                        | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |         35 | NS      | $17841.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NIDDA TOPCO SARL                                    | Nidda Healthcare Holding GmbH                                                                        | CUSIP: N/A<br>LEI: 549300Q89C4WAO6L0L19       | Long             | LON              | CORP              | DE        |    5450000 | PA      | $6380523.58   | 0.30%             | 2030-02-21      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| WAMU Asset-Backed Certificates                      | WaMu Asset-Backed Certificates WaMu Series                                                           | CUSIP: 93363XAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     826639 | PA      | $473211.09    | 0.02%             | 2047-07-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| Kimco Realty Corp                                   | Kimco Realty Corp.                                                                                   | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               | CORP              | US        |        797 | NS      | $17924.53     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PARAMOUNT GLOBAL                                    | Paramount Global                                                                                     | CUSIP: 92556HAC1<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    6390000 | PA      | $4989560.38   | 0.23%             | 2050-05-19      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| HIGGINBOTHAM INSURANCE AGENCY INC                   | Higginbotham Insurance Agency, Inc.                                                                  | CUSIP: N/A<br>LEI: 549300IY2QEM8MQC2K06       | Short            | LON              | CORP              | US        |    -255158 | PA      | $-1568.57     | -0.00%            | 2028-11-24      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| PTC Inc                                             | PTC, Inc.                                                                                            | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |         98 | NS      | $20923.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp                               | ON Semiconductor Corp.                                                                               | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |        323 | NS      | $16017.57     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                              | NextEra Energy Capital Holdings, Inc.                                                                | CUSIP: 65339KDE7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    1576000 | PA      | $1624668.46   | 0.08%             | 2055-08-15      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| QUIRCH FOODS HOLDINGS LLC                           | Quirch Foods Holdings LLC                                                                            | CUSIP: N/A<br>LEI: 549300ZJJLQXSE7L4U02       | Long             | LON              | CORP              | US        |    6724864 | PA      | $6587004.28   | 0.31%             | 2027-10-27      | Variable      | 9.57%                 | No            |                  2 | On Loan: No      |
| VDK GROEP BV                                        | VDK Groep B.V.                                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | NL        |    3750000 | PA      | $4402114.78   | 0.20%             | 2032-02-23      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust                       | Citigroup Mortgage Loan Trust, Inc.                                                                  | CUSIP: 17330VAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     864076 | PA      | $866401.43    | 0.04%             | 2062-09-25      | Variable      | 9.17%                 | No            |                  2 | On Loan: No      |
| McDonald's Corp                                     | McDonald's Corp.                                                                                     | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |         55 | NS      | $17244.70     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings Inc                            | Lamb Weston Holdings, Inc.                                                                           | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |        300 | NS      | $17259.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                                         | Exelon Corp.                                                                                         | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |        389 | NS      | $16991.52     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                                      | S&P Global, Inc.                                                                                     | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |         33 | NS      | $18098.52     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                            | Occidental Petroleum Corp.                                                                           | CUSIP: 674599DJ1<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    2100000 | PA      | $2074064.37   | 0.10%             | 2040-03-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| KLA Corp                                            | KLA Corp.                                                                                            | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |         19 | NS      | $16568.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PT INTERMEDIATE HOLDINGS III LLC                    | PT Intermediate Holdings III LLC                                                                     | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |     -65352 | PA      | $-125.34      | -0.00%            | 2030-04-09      | Variable      | 1.00%                 | No            |                  3 | On Loan: No      |
| CVR ENERGY INC                                      | CVR Energy, Inc.                                                                                     | CUSIP: 12662PAF5<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |    3500000 | PA      | $3537705.50   | 0.16%             | 2029-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                           | 9-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DIR              |  | US        |   32082500 | NC      | $519207.14    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                                     | Venture XIII CLO Ltd.                                                                                | CUSIP: 92329PAC9<br>LEI: 549300ZVVNSDW7WU0O73 | Long             | ABS-O            | CORP              | KY        |    1500000 | PA      | $150.00       | 0.00%             | 2029-09-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TARA TOPCO LTD                                      | Ardonagh Finco Ltd.                                                                                  | CUSIP: N/A<br>LEI: 254900D2T84O1K03BA28       | Long             | DBT              | CORP              | JE        |     350000 | PA      | $426343.56    | 0.02%             | 2031-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                         | 1-Year/2-Year Interest Rate Swap                                                                     | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -14126875 | NC      | $-54055.64    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| APPLEGREEN IRELAND INVESTMENTS FINANCE LIMITED      | Applegreen Limited                                                                                   | CUSIP: N/A<br>LEI: 635400WZG99GZGAOAM29       | Long             | LON              | CORP              | IE        |    4800000 | PA      | $5669806.95   | 0.26%             | 2032-01-23      | Variable      | 7.03%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                                       | U.S. Treasury Bills                                                                                  | CUSIP: 912797QG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   22600000 | PA      | $22468091.26  | 1.05%             | 2025-10-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                               | BofA Securities, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Short            | RA               | CORP              | US        |    -894109 | PA      | $-894108.83   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| METLIFE INC                                         | MetLife, Inc.                                                                                        | CUSIP: 59156RCA4<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EP               | CORP              | US        |    1820000 | NS      | $1814294.30   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Capstone Acquisition Holdings, Inc.                 | Capstone Acquisition Holdings, Inc.                                                                  | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |    -531324 | PA      | $-2475.32     | -0.00%            | 2029-11-12      | Variable      | 1.00%                 | No            |                  3 | On Loan: No      |
| Toronto-Dominion Bank                               | CURRENCY CONTRACT - Rec USD / Deliver EUR                                                            | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DFE              |  | US        |     -73000 | NC      | $200.66       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Alphabet Inc                                        | Alphabet, Inc.                                                                                       | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |         52 | NS      | $11071.32     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                                  | Analog Devices, Inc.                                                                                 | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |         72 | NS      | $18094.32     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                               | Costco Wholesale Corp.                                                                               | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |         17 | NS      | $16036.44     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CINVEN CAPITAL MANAGEMENT VI GENERAL PARTNER LTD    | Redhalo Midco Ltd.                                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |    2100000 | PA      | $2455479.12   | 0.11%             | 2031-03-24      | Variable      | 5.23%                 | No            |                  2 | On Loan: No      |
| Garmin Ltd                                          | Garmin Ltd.                                                                                          | CUSIP: N/A<br>LEI: 2549001E0HIPIJQ0W046       | Long             | EC               | CORP              | US        |         80 | NS      | $19345.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| A O Smith Corp                                      | A O Smith Corp.                                                                                      | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |        256 | NS      | $18250.24     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK INC                                           | ONEOK, Inc.                                                                                          | CUSIP: 682680CR2<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    2600000 | PA      | $2798039.17   | 0.13%             | 2030-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CPC ACQUISITION CORP                                | NIC Acquisition Corp.                                                                                | CUSIP: N/A<br>LEI: 254900UFA4AMH3PZZW32       | Long             | LON              | CORP              | US        |    1043229 | PA      | $882571.79    | 0.04%             | 2027-12-29      | Variable      | 8.31%                 | No            |                  2 | On Loan: No      |
| Host Hotels & Resorts Inc                           | Host Hotels & Resorts, Inc.                                                                          | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |       1048 | NS      | $18036.08     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc                                 | Delta Air Lines, Inc.                                                                                | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |        341 | NS      | $21066.98     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TEAMSYSTEM SPA                                      | TeamSystem SpA                                                                                       | CUSIP: N/A<br>LEI: 81560062081DF3AB7A90       | Long             | DBT              | CORP              | IT        |    2500000 | PA      | $2930472.27   | 0.14%             | 2031-07-31      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| Fiserv Inc                                          | Fiserv, Inc.                                                                                         | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |         99 | NS      | $13679.82     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOLERA CORP                                         | Polaris Newco LLC                                                                                    | CUSIP: N/A<br>LEI: 254900LEPDAG7EDOA064       | Long             | LON              | CORP              | US        |     627539 | PA      | $595019.92    | 0.03%             | 2028-06-02      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Salesforce Inc                                      | Salesforce, Inc.                                                                                     | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |         63 | NS      | $16143.75     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SHAW DEVELOPMENT LLC                                | Shaw Development LLC                                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    4412234 | PA      | $4144988.03   | 0.19%             | 2029-10-30      | Variable      | 10.31%                | No            |                  3 | On Loan: No      |
| BNP Paribas                                         | 1-Year/2-Year Interest Rate Swap                                                                     | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -10090625 | NC      | $-43306.04    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Biogen Inc                                          | Biogen, Inc.                                                                                         | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |        126 | NS      | $16659.72     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TORONTO-DOMINION BANK                               | Toronto-Dominion Bank                                                                                | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    2850000 | PA      | $3001451.85   | 0.14%             | 2082-10-31      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                            | Eagle Funding Luxco Sarl                                                                             | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |    2650000 | PA      | $2687365.00   | 0.13%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HIGGINBOTHAM INSURANCE AGENCY INC                   | Higginbotham Insurance Agency, Inc.                                                                  | CUSIP: N/A<br>LEI: 549300IY2QEM8MQC2K06       | Long             | LON              | CORP              | US        |    7980807 | PA      | $7931745.08   | 0.37%             | 2028-11-24      | Variable      | 8.82%                 | No            |                  3 | On Loan: No      |
| DATIX BIDCO LIMITED                                 | Datix Bidco Ltd.                                                                                     | CUSIP: N/A<br>LEI: 9845006BT9AF870CZ249       | Long             | LON              | CORP              | US        |     105000 | PA      | $94127.93     | 0.00%             | 2030-10-30      | Variable      | 9.54%                 | No            |                  3 | On Loan: No      |
| TREASURY BILL                                       | U.S. Treasury Bills                                                                                  | CUSIP: 912797QU4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     390000 | PA      | $389353.06    | 0.02%             | 2025-09-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                               | Level 3 Financing, Inc.                                                                              | CUSIP: 527298CH4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     410000 | PA      | $343375.00    | 0.02%             | 2031-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                         | Foreign Exchange EUR/USD                                                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |    8078000 | NC      | $27847.03     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| COGENT COMM GROUP LLC                               | Cogent Communications Group LLC                                                                      | CUSIP: 19240CAE3<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |    7500000 | PA      | $7472374.50   | 0.35%             | 2027-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ESSENDI SA                                          | AccorInvest Group S.A.                                                                               | CUSIP: N/A<br>LEI: 2221000MD2YP7WLTNC52       | Long             | DBT              | CORP              | LU        |     600000 | PA      | $741895.54    | 0.03%             | 2029-10-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Expeditors International of Wa                      | Expeditors International of Washington, Inc.                                                         | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |        146 | NS      | $17598.84     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LBM ACQUISITION LLC                                 | LBM Acquisition LLC                                                                                  | CUSIP: N/A<br>LEI: 549300FAEB3VWZL4NI86       | Long             | LON              | CORP              | US        |    1628550 | PA      | $1579400.36   | 0.07%             | 2031-06-06      | Variable      | 8.21%                 | No            |                  2 | On Loan: No      |
| CNO FINANCIAL GROUP INC                             | CNO Financial Group, Inc.                                                                            | CUSIP: 12621E301<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EP               | CORP              | US        |      80000 | NS      | $1608800.00   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Arch Capital Group Ltd                              | Arch Capital Group Ltd.                                                                              | CUSIP: N/A<br>LEI: 549300AYR4P8AFKDCE43       | Long             | EC               | CORP              | US        |        187 | NS      | $17116.11     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CASTOR SPA                                          | Castor S.p.A.                                                                                        | CUSIP: N/A<br>LEI: 213800OWLX4ZFFIAB390       | Long             | DBT              | CORP              | IT        |     200000 | PA      | $218620.50    | 0.01%             | 2029-02-15      | Variable      | 7.22%                 | No            |                  2 | On Loan: No      |
| Regency Centers Corp                                | Regency Centers Corp.                                                                                | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |        236 | NS      | $17110.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TARA TOPCO LTD                                      | Ardonagh Midco 3 plc                                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | NL        |    3840375 | PA      | $3833193.50   | 0.18%             | 2031-02-18      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| AUXEY BIDCO LTD                                     | Alexander Mann                                                                                       | CUSIP: N/A<br>LEI: 213800NC9KFDXTICTU17       | Long             | LON              | CORP              | GB        |    5277990 | PA      | $5014090.50   | 0.23%             | 2027-06-29      | Variable      | 10.46%                | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                             | Dryden 50 Senior Loan Fund                                                                           | CUSIP: 262430AA9<br>LEI: 5493008NBEE3C4AF3K95 | Long             | ABS-O            | CORP              | KY        |    3555000 | PA      | $227520.00    | 0.01%             | 2030-07-15      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| SOCIETE GENERALE                                    | Societe Generale                                                                                     | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |   -6365177 | PA      | $-6365176.61  | -0.30%            |  |  |  | No            |                  2 | On Loan: No      |
| SHERWOOD FINANCING PLC                              | Sherwood Financing plc                                                                               | CUSIP: N/A<br>LEI: 259400SSZWSSPNYW7K08       | Long             | DBT              | CORP              | GB        |    1700000 | PA      | $1969945.62   | 0.09%             | 2029-12-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                            | Alliant Holdings Intermediate LLC / Alliant Holdings Company-Issuer                                  | CUSIP: 01883LAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     350000 | PA      | $357032.55    | 0.02%             | 2028-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Datadog Inc                                         | Datadog, Inc.                                                                                        | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |        122 | NS      | $16674.96     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERGREEN ACQCO/TVI INC                             | Evergreen Acqco 1 Limited Partnership / TVI, Inc.                                                    | CUSIP: 30015DAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    3660000 | PA      | $3812991.66   | 0.18%             | 2028-04-26      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc                                 | Gilead Sciences, Inc.                                                                                | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |        153 | NS      | $17284.41     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC                            | Liberty Mutual Group, Inc.                                                                           | CUSIP: 53079EBL7<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |    7300000 | PA      | $4594492.91   | 0.21%             | 2061-02-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                    | Altice France S.A.                                                                                   | CUSIP: 02156LAA9<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    1300000 | PA      | $1203520.64   | 0.06%             | 2027-02-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Comcast Corp                                        | Comcast Corp.                                                                                        | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |        475 | NS      | $16135.75     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLAS MARA LTD                                      | Atlas Mara Ltd.                                                                                      | CUSIP: N/A<br>LEI: 213800R42RHUZR883M76       | Long             | DBT              | CORP              | VG        |     180783 | PA      | $0.18         | 0.00%             | 2021-12-31      | Fixed         | 8.00%                 | Yes           |                  3 | On Loan: No      |
| VISTA GLOBAL HOLDING LTD                            | Vista Management Holding, Inc.                                                                       | CUSIP: N/A<br>LEI: 5299005VABKD28UWHI65       | Long             | LON              | CORP              | US        |    1350000 | PA      | $1356331.50   | 0.06%             | 2031-03-26      | Variable      | 8.04%                 | No            |                  2 | On Loan: No      |
| DEALER TIRE LLC                                     | Dealer Tire LLC                                                                                      | CUSIP: N/A<br>LEI: 549300XTS06OMOCRSE50       | Long             | LON              | CORP              | US        |     992512 | PA      | $989723.54    | 0.05%             | 2031-07-02      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| FedEx Corp                                          | FedEx Corp.                                                                                          | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |         75 | NS      | $17330.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The                                    | Coca-Cola Co.                                                                                        | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |        232 | NS      | $16005.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNAFERD AS                                         | Visma AS                                                                                             | CUSIP: N/A<br>LEI: 5967007LIEEXZXB1YO53       | Long             | LON              | CORP              | NO        |    7250000 | PA      | $8482508.48   | 0.39%             | 2028-12-05      | Variable      | 6.08%                 | No            |                  3 | On Loan: No      |
| Goldman Sachs Group Inc/The                         | Goldman Sachs Group, Inc.                                                                            | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |         27 | NS      | $20121.75     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc                                 | Cardinal Health, Inc.                                                                                | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |        109 | NS      | $16217.02     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ATHENA INVESTMENTS LUXEMBOURG SARL                  | Athena Bidco Gmbh (P&I)                                                                              | CUSIP: N/A<br>LEI: 3912007R7X33FTYO8Z65       | Long             | LON              | CORP              | DE        |    1575000 | PA      | $1850970.52   | 0.09%             | 2032-05-31      | Variable      | 5.77%                 | No            |                  2 | On Loan: No      |
| Ecolab Inc                                          | Ecolab, Inc.                                                                                         | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |         62 | NS      | $17176.48     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HT HOLDING LLC                                      | HighTower Holding LLC                                                                                | CUSIP: N/A<br>LEI: 254900MKOSB7RTMA9K12       | Long             | LON              | CORP              | US        |    7936810 | PA      | $7920300.94   | 0.37%             | 2032-02-03      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                            | Neuberger Berman Loan Advisers CLO 38 Ltd.                                                           | CUSIP: 64133TAN2<br>LEI: 549300SM4FYZ8US63U33 | Long             | ABS-O            | CORP              | KY        |     750000 | PA      | $748289.33    | 0.03%             | 2036-10-20      | Floating      | 8.93%                 | No            |                  2 | On Loan: No      |
| FONTAINEBLEAU LAS VEGAS                             | Fontainbleau Vegas                                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |    6500000 | PA      | $6500000.00   | 0.30%             | 2028-01-31      | Fixed         | 10.01%                | No            |                  3 | On Loan: No      |
| BUCKEYE PARTNERS LP                                 | Buckeye Partners, LP                                                                                 | CUSIP: 118230AM3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    3750000 | PA      | $3359213.63   | 0.16%             | 2043-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| API HOLDINGS III LLC                                | API Holdings III Corp.                                                                               | CUSIP: N/A<br>LEI: 549300FAGEOQASEWDY74       | Long             | LON              | CORP              | US        |     130601 | PA      | $131907.45    | 0.01%             | 2027-03-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                        | AGL CLO 17 Ltd.                                                                                      | CUSIP: 00120EAE4<br>LEI: 254900ISUA07JPVCOS18 | Long             | ABS-O            | CORP              | KY        |    1500000 | PA      | $1447501.05   | 0.07%             | 2035-01-21      | Floating      | 8.98%                 | No            |                  2 | On Loan: No      |
| Aon PLC                                             | Aon plc                                                                                              | CUSIP: N/A<br>LEI: 635400FALWQYX5E6QC64       | Long             | EC               | CORP              | US        |         48 | NS      | $17616.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |   -3235545 | PA      | $-3235545.39  | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| AMERITEX HOLDCO INTERMED                            | AmeriTex HoldCo Intermediate LLC                                                                     | CUSIP: 030727AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    3600000 | PA      | $3714525.83   | 0.17%             | 2033-08-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Cadence Design Systems Inc                          | Cadence Design Systems, Inc.                                                                         | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |         55 | NS      | $19273.65     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WR GRACE HOLDING LLC                                | WR Grace Holdings LLC                                                                                | CUSIP: 92943GAE1<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |     500000 | PA      | $508929.50    | 0.02%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                              | Nationstar Mortgage Holdings, Inc.                                                                   | CUSIP: 43734LAA4<br>LEI: 549300DQF6YN0E43PM71 | Long             | DBT              | CORP              | US        |    2180000 | PA      | $2175112.00   | 0.10%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS LP/FERRELLGAS                            | Ferrellgas Limited Partnership / Ferrellgas Finance Corp.                                            | CUSIP: 315289AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     975000 | PA      | $962023.14    | 0.04%             | 2026-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| WILTON RE LTD                                       | Wilton RE Ltd.                                                                                       | CUSIP: 97263CAA9<br>LEI: 5493004VQ9VSL29MT373 | Long             | DBT              | CORP              | CA        |    6786000 | PA      | $6720617.57   | 0.31%             | N/A             | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Elevance Health Inc                                 | Elevance Health, Inc.                                                                                | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |         44 | NS      | $14020.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Switch ABS Issuer, LLC                              | Switch ABS Issuer LLC                                                                                | CUSIP: 871044AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    4450000 | PA      | $4492756.05   | 0.21%             | 2054-06-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Marriott International Inc/MD                       | Marriott International, Inc.                                                                         | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |         63 | NS      | $16875.18     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BofA Securities, Inc.                               | U.S. Secured Overnight Financing Rate                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |  143900000 | OU      | $-1732907.12  | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| Extra Space Storage Inc                             | Extra Space Storage, Inc.                                                                            | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        111 | NS      | $15937.38     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc                             | Illinois Tool Works, Inc.                                                                            | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |         68 | NS      | $17996.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T MOBILITY II LLC                                | AT&T Mobility II LLC                                                                                 | CUSIP: 04651L305<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      10000 | NS      | $10205700.02  | 0.48%             |  |  |  | No            |                  3 | On Loan: No      |
| Cisco Systems Inc                                   | Cisco Systems, Inc.                                                                                  | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |        261 | NS      | $18032.49     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Credit Allocation In                      | BlackRock Credit Allocation Income Trust                                                             | CUSIP: 092508100<br>LEI: WU48CSUCFTU86AQUYZ93 | Long             | EC               | RF                | US        |     184289 | NS      | $2027179.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SVC ABS LLC                                         | SVC ABS LLC                                                                                          | CUSIP: 78487JAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3676875 | PA      | $3612906.93   | 0.17%             | 2053-02-20      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| LONESTAR INTERMEDIATE SUPER HOLDINGS LLC            | Asurion LLC                                                                                          | CUSIP: N/A<br>LEI: 549300KNQVXGIOXWK278       | Long             | LON              | CORP              | US        |    3867372 | PA      | $3861919.19   | 0.18%             | 2028-08-19      | Variable      | 8.67%                 | No            |                  2 | On Loan: No      |
| Align Technology Inc                                | Align Technology, Inc.                                                                               | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |         90 | NS      | $12776.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NFM & J LLC                                         | NFM & J LLC                                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    3190185 | PA      | $3149703.45   | 0.15%             | 2027-11-30      | Variable      | 10.16%                | No            |                  3 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                            | Hilton Domestic Operating Company, Inc.                                                              | CUSIP: 432833AN1<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    1350000 | PA      | $1232235.99   | 0.06%             | 2032-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |   -2700060 | PA      | $-2700059.97  | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| EXIDE TECHNOLOGIES                                  | Exide Technologies                                                                                   | CUSIP: N/A<br>LEI: 549300KITCGPNNNXQP63       | Long             | DBT              | CORP              | US        |    1562081 | PA      | $1.56         | 0.00%             | 2024-10-31      | Fixed         | 11.00%                | Yes           |                  3 | On Loan: No      |
| EXIDE TECHNOLOGIES                                  | Exide Technologies                                                                                   | CUSIP: N/A<br>LEI: 549300KITCGPNNNXQP63       | Long             | EP               | CORP              | US        |        761 | NS      | $1098411.81   | 0.05%             |  |  |  | No            |                  3 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                            | Rogers Communications, Inc.                                                                          | CUSIP: 775109DH1<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    3000000 | PA      | $3114230.19   | 0.14%             | 2055-04-15      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| ARMOR PARENT CORP                                   | Accuride Liquidating Trust                                                                           | CUSIP: N/A<br>LEI: 549300MC6XO5P96H8E79       | Long             | EC               | CORP              | US        |        190 | NS      | $0.02         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| HERC HOLDINGS INC                                   | Herc Holdings, Inc.                                                                                  | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     580000 | PA      | $608411.88    | 0.03%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Inc                                   | Iron Mountain, Inc.                                                                                  | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |        166 | NS      | $15326.78     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Firstkey Homes Trust                                | FirstKey Homes Trust                                                                                 | CUSIP: 33768EAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3200000 | PA      | $3177870.08   | 0.15%             | 2038-07-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TEAMSYSTEM SPA                                      | TeamSystem SpA                                                                                       | CUSIP: N/A<br>LEI: 81560062081DF3AB7A90       | Long             | DBT              | CORP              | IT        |    1700000 | PA      | $1970644.92   | 0.09%             | 2028-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CarMax Inc                                          | CarMax, Inc.                                                                                         | CUSIP: 143130102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        246 | NS      | $15092.10     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamlin Park CLO                                     | Hamlin Park CLO Ltd.                                                                                 | CUSIP: 407908AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |    2700000 | PA      | $2245048.92   | 0.10%             | 2037-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PERRIGO COMPANY PLC                                 | Perrigo Finance Unlimited Co.                                                                        | CUSIP: N/A<br>LEI: 549300E86RB6YCTMRM83       | Long             | DBT              | CORP              | IE        |     900000 | PA      | $1088368.08   | 0.05%             | 2032-09-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FIRST BRANDS GROUP HOLDINGS LLC                     | First Brands Group LLC                                                                               | CUSIP: N/A<br>LEI: 2549005IXRZR7KSBJD91       | Long             | LON              | CORP              | US        |     884622 | PA      | $838551.11    | 0.04%             | 2027-03-30      | Variable      | 9.57%                 | No            |                  2 | On Loan: No      |
| Medtronic PLC                                       | Medtronic plc                                                                                        | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | US        |        189 | NS      | $17541.09     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc                                          | Zoetis, Inc.                                                                                         | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |        101 | NS      | $15796.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NIMLAS HOLDCO AB                                    | QuickTop HoldCo AB                                                                                   | CUSIP: N/A<br>LEI: 984500A1D5DC9ECC7050       | Long             | DBT              | CORP              | SE        |    2800000 | PA      | $3370002.95   | 0.16%             | 2030-03-31      | Variable      | 6.54%                 | No            |                  2 | On Loan: No      |
| Zebra Technologies Corp                             | Zebra Technologies Corp.                                                                             | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |         57 | NS      | $18074.13     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger NV                                     | Schlumberger N.V.                                                                                    | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |        467 | NS      | $17204.28     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Clorox Co/The                                       | Clorox Co.                                                                                           | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |        132 | NS      | $15602.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BELROSE FUNDING TRUST II                            | Belrose Funding Trust II                                                                             | CUSIP: 08079KAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    3150000 | PA      | $3264716.48   | 0.15%             | 2055-05-15      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| MORAN FOODS LLC                                     | Moran Foods LLC                                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     777629 | PA      | $29899.83     | 0.00%             | 2026-06-30      | Variable      | 5.82%                 | No            |                  3 | On Loan: No      |
| iShares Russell 2000 ETF                            | iShares Russell 2000 Index ETF                                                                       | CUSIP: 464287655<br>LEI: 549300O80OAR5VTWR172 | Long             | EC               | RF                | US        |       5398 | NS      | $1269447.66   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas                                         | 9-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -32082500 | NC      | $-177938.53   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                             | GLP Capital Limited Partnership / GLP Financing II, Inc.                                             | CUSIP: 361841AL3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1050000 | PA      | $1069040.70   | 0.05%             | 2029-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Kimberly-Clark Corp                                 | Kimberly-Clark Corp.                                                                                 | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |        126 | NS      | $16271.64     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SECURITIES (USA) LLC                             | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |   -3025480 | PA      | $-3025480.23  | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                           | Caesars Entertainment, Inc.                                                                          | CUSIP: N/A<br>LEI: 549300FA4CTCW903Y781       | Long             | LON              | CORP              | US        |     449625 | PA      | $447938.91    | 0.02%             | 2030-02-06      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| FINANCIERE MENDELSSOHN                              | Ceva Sante                                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | FR        |    1112472 | PA      | $1113395.54   | 0.05%             | 2030-11-08      | Variable      | 6.98%                 | No            |                  2 | On Loan: No      |
| OIL CHANGER HOLDING CORP                            | Oil Changer Holding Corp.                                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    2109785 | PA      | $2109784.69   | 0.10%             | 2027-02-08      | Variable      | 11.06%                | No            |                  3 | On Loan: No      |
| Gen Digital Inc                                     | Gen Digital, Inc.                                                                                    | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |        569 | NS      | $17183.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CLAUDIUS LUXCO SARL                                 | Cegid Group                                                                                          | CUSIP: N/A<br>LEI: 2221001BVBGKKRMMGO11       | Long             | LON              | CORP              | LU        |    4650000 | PA      | $5433051.95   | 0.25%             | 2028-07-10      | Variable      | 4.78%                 | No            |                  2 | On Loan: No      |
| Nomura Global Financial Products, Inc.              | CURRENCY CONTRACT - Rec USD / Deliver EUR                                                            | CUSIP: N/A<br>LEI: 0Z3VO5H2G7GRS05BHJ91       | N/A              | DFE              |  | US        |   -1653000 | NC      | $2161.92      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AG ARTEMIS HOLDINGS LP                              | Osaic Holdings, Inc.                                                                                 | CUSIP: N/A<br>LEI: 549300XL60BDV6UW5C86       | Long             | LON              | CORP              | US        |     500000 | PA      | $499445.00    | 0.02%             | 2032-08-02      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Apollo Aviation Securitization                      | AASET Trust                                                                                          | CUSIP: 00255UAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     947938 | PA      | $932714.02    | 0.04%             | 2040-01-16      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| PLATINUM EQUITIES LLC                               | Pelican Products, Inc.                                                                               | CUSIP: N/A<br>LEI: 5493008CRWH2WFODTF44       | Long             | LON              | CORP              | US        |    4428958 | PA      | $3808903.98   | 0.18%             | 2028-12-29      | Variable      | 8.81%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC                              | BP Capital Markets plc                                                                               | CUSIP: 05565QDV7<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | US        |    6083000 | PA      | $6030020.42   | 0.28%             | N/A             | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                             | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |    -723726 | PA      | $-723726.48   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Hotwire Funding LLC                                 | Hotwire Funding LLC                                                                                  | CUSIP: 44148JAC3<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |    5250000 | PA      | $5142495.23   | 0.24%             | 2051-11-20      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                                    | Symphony CLO 48 Ltd.                                                                                 | CUSIP: 87170HAC7<br>LEI: 25490005310EULQ9PO62 | Long             | ABS-O            | CORP              | KY        |    3000000 | PA      | $2669433.00   | 0.12%             | 2038-04-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Healthpeak Properties Inc                           | Healthpeak Properties, Inc.                                                                          | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |        950 | NS      | $17043.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas                                         | 6-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -10090625 | NC      | $-22739.12    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DAVITA INC                                          | DaVita, Inc.                                                                                         | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    1900000 | PA      | $1829176.36   | 0.09%             | 2030-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| KeyCorp                                             | KeyCorp                                                                                              | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |       1032 | NS      | $19979.52     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |   -2374182 | PA      | $-2374181.59  | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| BILLIKEN BUYER INC                                  | Eyecare Partners LLC                                                                                 | CUSIP: N/A<br>LEI: 254900ZAACWK09RJ8W93       | Long             | LON              | CORP              | US        |     350690 | PA      | $357704.31    | 0.02%             | 2028-08-31      | Variable      | 9.88%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                 | Station Casinos LLC                                                                                  | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    4200000 | PA      | $3974349.96   | 0.18%             | 2031-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Zimmer Biomet Holdings Inc                          | Zimmer Biomet Holdings, Inc.                                                                         | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |        177 | NS      | $18779.70     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EAGLE SUPERCO LTD                                   | Eagle Bidco Ltd.                                                                                     | CUSIP: N/A<br>LEI: 213800YANPDABTN5JJ43       | Long             | LON              | CORP              | GB        |    2000000 | PA      | $2349947.35   | 0.11%             | 2028-03-20      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| HANESBRANDS INC                                     | Hanesbrands, Inc.                                                                                    | CUSIP: 410345AQ5<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | DBT              | CORP              | US        |    1500000 | PA      | $1594648.50   | 0.07%             | 2031-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NEOGEN FOOD SAFE CORP                               | Neogen Food Safety Corp.                                                                             | CUSIP: 365417AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    2450000 | PA      | $2566235.35   | 0.12%             | 2030-07-20      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Public Storage                                      | Public Storage                                                                                       | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |         56 | NS      | $16497.04     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AZURITE INTERMEDIATE HOLDINGS INC                   | Azurite Intermediate Holdings, Inc.                                                                  | CUSIP: N/A<br>LEI: 549300XWZG0JHL7I0827       | Long             | LON              | CORP              | US        |    1268056 | PA      | $1268055.56   | 0.06%             | 2031-03-19      | Variable      | 10.32%                | No            |                  3 | On Loan: No      |
| Falcon Aerospace Ltd                                | Falcon Aerospace Ltd.                                                                                | CUSIP: 30605YAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     191265 | PA      | $189830.75    | 0.01%             | 2042-02-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| BALROG ACQUISITION INC                              | Balrog Acquisition, Inc.                                                                             | CUSIP: N/A<br>LEI: 25490017XQ2US9FIMN58       | Long             | LON              | CORP              | US        |    2989000 | PA      | $2914275.00   | 0.14%             | 2028-09-05      | Variable      | 8.93%                 | No            |                  3 | On Loan: No      |
| Home Depot Inc/The                                  | Home Depot, Inc.                                                                                     | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |         46 | NS      | $18711.42     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HIGGINBOTHAM INSURANCE AGENCY INC                   | Higginbotham Insurance Agency, Inc.                                                                  | CUSIP: N/A<br>LEI: 549300IY2QEM8MQC2K06       | Long             | LON              | CORP              | US        |     342584 | PA      | $340478.19    | 0.02%             | 2028-11-24      | Variable      | 9.07%                 | No            |                  3 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |   -4590127 | PA      | $-4590126.86  | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                   | 6-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DIR              |  | GB        |  -10090625 | NC      | $-19499.22    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TERRAFORM GLOBAL OPERATI                            | Terraform Global Operating, LP                                                                       | CUSIP: 88104UAC7<br>LEI: 549300LC7QMVR79H5O86 | Long             | DBT              | CORP              | US        |    2035000 | PA      | $2023869.57   | 0.09%             | 2026-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                           | 6-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DIR              |  | CA        |  -10090625 | NC      | $-50609.13    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO LLC                         | Skechers                                                                                             | CUSIP: N/A<br>LEI: 254900F2FNX3GBTB6202       | Long             | LON              | CORP              | US        |    1000000 | PA      | $1170597.87   | 0.05%             | 2032-06-28      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Lennox International Inc                            | Lennox International, Inc.                                                                           | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |         30 | NS      | $16735.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                   | Johnson & Johnson                                                                                    | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |        108 | NS      | $19134.36     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Regatta 34 Funding Ltd.                             | Regatta 34 Funding Ltd.                                                                              | CUSIP: 75904CAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    2300000 | PA      | $2292927.04   | 0.11%             | 2038-07-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Texas Pacific Land Corp                             | Texas Pacific Land Corp.                                                                             | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         15 | NS      | $14002.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HOST HOTELS & RESORTS LP                            | Host Hotels & Resorts, LP                                                                            | CUSIP: 44107TAZ9<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |    3610000 | PA      | $3394380.91   | 0.16%             | 2030-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                             | Goldman Sachs & Co. LLC                                                                              | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Short            | RA               | CORP              | US        |   -2151915 | PA      | $-2151915.00  | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| PARKLAND CORP                                       | Parkland Corp.                                                                                       | CUSIP: 70137WAG3<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |    1300000 | PA      | $1262465.75   | 0.06%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| O'Reilly Automotive Inc                             | O'Reilly Automotive, Inc.                                                                            | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |        186 | NS      | $19284.48     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| YAK BLOCKER 2 LLC                                   | YAK BLOCKER 2 LLC                                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      34136 | NS      | $27634.10     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| APEX GROUP TREASURY LLC                             | Apex Group Treasury LLC                                                                              | CUSIP: N/A<br>LEI: 254900N6HRPDDNW7HP03       | Long             | LON              | CORP              | US        |    2296922 | PA      | $2297496.28   | 0.11%             | 2032-02-19      | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| Ares Direct Lending CLO LLC                         | Ares Direct Lending CLO 2 LLC                                                                        | CUSIP: 04021CAJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    4800000 | PA      | $4903673.28   | 0.23%             | 2036-10-20      | Floating      | 8.23%                 | No            |                  2 | On Loan: No      |
| AZURITE INTERMEDIATE HOLDINGS INC                   | Alteryx, Inc.                                                                                        | CUSIP: N/A<br>LEI: 549300XWZG0JHL7I0827       | Long             | LON              | CORP              | US        |    2881944 | PA      | $2881944.44   | 0.13%             | 2031-03-19      | Variable      | 10.32%                | No            |                  3 | On Loan: No      |
| SOTHEBY'S/BIDFAIR HLD                               | Sotheby's/Bidfair Holdings, Inc.                                                                     | CUSIP: 83600GAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    2700000 | PA      | $2458560.60   | 0.11%             | 2029-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FR REFUEL LLC                                       | FR Refuel LLC                                                                                        | CUSIP: N/A<br>LEI: 549300Y6GW0LGV84NW77       | Long             | LON              | CORP              | US        |    7696667 | PA      | $7619700.00   | 0.35%             | 2028-11-08      | Variable      | 9.18%                 | No            |                  2 | On Loan: No      |
| POWERGRID VEGETATION SERVICES LLC                   | Powergrid Services LLC                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    2454706 | PA      | $2454705.88   | 0.11%             | 2032-03-31      | Variable      | 9.04%                 | No            |                  3 | On Loan: No      |
| EPAM Systems Inc                                    | EPAM Systems, Inc.                                                                                   | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |         95 | NS      | $16754.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BCP V MODULAR SERVICES FINANCE PLC                  | BCP V Modular Services Finance II plc                                                                | CUSIP: N/A<br>LEI: 213800K8U94KVZL98H64       | Long             | DBT              | CORP              | GB        |    4250000 | PA      | $5376282.28   | 0.25%             | 2028-10-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Caterpillar Inc                                     | Caterpillar, Inc.                                                                                    | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |         46 | NS      | $19275.84     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp                               | Norfolk Southern Corp.                                                                               | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |         67 | NS      | $18758.66     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                        | Alphabet, Inc.                                                                                       | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |         42 | NS      | $8968.26      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AIR CANADA 2020-2A PTT                              | Air Canada Class A Pass Through Trust                                                                | CUSIP: 00909DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    2548974 | PA      | $2588233.63   | 0.12%             | 2029-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.     | Invesco QQQ Trust Series                                                                             | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |        731 | NC      | $968575.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                             | Goldman Sachs & Co. LLC                                                                              | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Short            | RA               | CORP              | US        |     -43105 | PA      | $-43105.33    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bayard Park CLO, Ltd                                | Bayard Park CLO Ltd.                                                                                 | CUSIP: 072716AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    1000000 | PA      | $817466.60    | 0.04%             | 2038-07-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                               | Wells Fargo & Co.                                                                                    | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |    3300000 | NS      | $3268261.92   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Elmwood CLO VI Ltd.                                 | Elmwood CLO VI Ltd.                                                                                  | CUSIP: 29001WAJ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     950000 | PA      | $940383.06    | 0.04%             | 2037-07-18      | Floating      | 10.23%                | No            |                  2 | On Loan: No      |
| eBay Inc                                            | eBay, Inc.                                                                                           | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |        215 | NS      | $19481.15     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                         | Freddie Mac                                                                                          | CUSIP: 3142J6AP8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    3983453 | PA      | $4007441.86   | 0.19%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BREITLING HOLDINGS SARL                             | Breitling Financing SARL                                                                             | CUSIP: N/A<br>LEI: 549300TABH53MDTQEP16       | Long             | LON              | CORP              | LU        |    2800000 | PA      | $2953513.51   | 0.14%             | 2028-10-25      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| INTEGRATED POWER SERVICES HOLDINGS INC              | Integrated Power Services Holdings, Inc.                                                             | CUSIP: N/A<br>LEI: 254900XZHU62GSCKCC41       | Long             | LON              | CORP              | US        |    1096314 | PA      | $1093782.56   | 0.05%             | 2028-11-22      | Variable      | 8.93%                 | No            |                  3 | On Loan: No      |
| HAH GROUP HOLDING COMPANY LLC                       | HAH Group Holding Co. LLC                                                                            | CUSIP: N/A<br>LEI: 254900FFJQHW9R90FL74       | Long             | LON              | CORP              | US        |    7045604 | PA      | $6299968.07   | 0.29%             | 2031-09-24      | Variable      | 9.32%                 | No            |                  2 | On Loan: No      |
| Sapphire Aviation Finance I Li                      | Sapphire Aviation Finance II Ltd.                                                                    | CUSIP: 80307AAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1018005 | PA      | $934589.43    | 0.04%             | 2040-03-15      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| iShares Core S&P 500 ETF                            | iShares Core S&P 500 ETF                                                                             | CUSIP: 464287200<br>LEI: 5493007M4YMN8XL48C14 | Long             | EC               | RF                | US        |      82471 | NS      | $53467598.72  | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| BOYNE USA INC                                       | Boyne USA, Inc.                                                                                      | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1250000 | PA      | $1227180.00   | 0.06%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SHERWOOD FINANCING PLC                              | Sherwood Financing plc                                                                               | CUSIP: N/A<br>LEI: 259400SSZWSSPNYW7K08       | Long             | DBT              | CORP              | GB        |    2000000 | PA      | $2722598.73   | 0.13%             | 2029-12-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Snap-on Inc                                         | Snap-on, Inc.                                                                                        | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |         52 | NS      | $16912.48     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DRIVE BIDCO BV                                      | Drive Bidco B.V.                                                                                     | CUSIP: N/A<br>LEI: 254900SO04XJ573VEQ93       | Long             | LON              | CORP              | NL        |    2200000 | PA      | $2574002.57   | 0.12%             | 2031-07-23      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| CALDERYS FINANCING LLC                              | Calderys Financing LLC                                                                               | CUSIP: 128786AA8<br>LEI: 254900ZIKDM74XNEFV84 | Long             | DBT              | CORP              | US        |    3737000 | PA      | $3955072.64   | 0.18%             | 2028-06-01      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| AbbVie Inc                                          | AbbVie, Inc.                                                                                         | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |         87 | NS      | $18304.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial Inc                            | Prudential Financial, Inc.                                                                           | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |        160 | NS      | $17545.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co/The                                       | Kroger Co.                                                                                           | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |        259 | NS      | $17570.56     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ORION ADVISOR SOLUTIONS INC                         | Orion Advisor Solutions, Inc.                                                                        | CUSIP: N/A<br>LEI: 549300R3BS3HTGTSN386       | Long             | LON              | CORP              | US        |    4565500 | PA      | $4577324.65   | 0.21%             | 2030-09-09      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| KDAC Aviation Finance Limited                       | KDAC Aviation Finance Ltd.                                                                           | CUSIP: 48244XAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    3595162 | PA      | $3550222.48   | 0.17%             | 2042-12-15      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| McKesson Corp                                       | McKesson Corp.                                                                                       | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |         23 | NS      | $15792.72     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                               | NXP Semiconductor N.V.                                                                               | CUSIP: N/A<br>LEI: 724500M9BY5293JDF951       | Long             | EC               | CORP              | US        |         77 | NS      | $18083.45     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy Inc                              | CenterPoint Energy, Inc.                                                                             | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |        465 | NS      | $17535.15     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Brant Point CLO Ltd                                 | Brant Point CLO 2025-8 Ltd.                                                                          | CUSIP: 10548BAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    1000000 | PA      | $843368.00    | 0.04%             | 2038-03-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lam Research Corp                                   | Lam Research Corp.                                                                                   | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |        184 | NS      | $18427.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| YAK BLOCKER 2 LLC                                   | YAK BLOCKER 2 LLC                                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      31551 | NS      | $25541.34     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| SHO HOLDING I CORP                                  | SHO Holding I Corp.                                                                                  | CUSIP: N/A<br>LEI: 5493004CRJRC7LVGK330       | Long             | LON              | CORP              | US        |     279735 | PA      | $279735.39    | 0.01%             | 2029-06-30      | Variable      | 10.93%                | No            |                  3 | On Loan: No      |
| Microchip Technology Inc                            | Microchip Technology, Inc.                                                                           | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |        241 | NS      | $15665.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros Discovery Inc                           | Warner Bros Discovery, Inc.                                                                          | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |       1591 | NS      | $18519.24     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories Int                      | Charles River Laboratories International, Inc.                                                       | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |        110 | NS      | $17964.10     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp                                | Deckers Outdoor Corp.                                                                                | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |        154 | NS      | $18423.02     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |   -3035397 | PA      | $-3035396.84  | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| SKIO TOPCO BV                                       | Skio Bidco B.V.                                                                                      | CUSIP: N/A<br>LEI: 254900FQMDVPHYSOQY39       | Long             | LON              | CORP              | NL        |    1400000 | PA      | $1642358.72   | 0.08%             | 2032-05-19      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| Allstate Corp/The                                   | Allstate Corp.                                                                                       | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |         85 | NS      | $17293.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PENN ENTERTAINMENT INC                              | Penn Entertainment, Inc.                                                                             | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    4925000 | PA      | $4590041.89   | 0.21%             | 2029-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan Inc                                   | Kinder Morgan, Inc.                                                                                  | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |        608 | NS      | $16403.84     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                             | Zayo Group Holdings, Inc.                                                                            | CUSIP: 98919VAA3<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |    1050000 | PA      | $1015721.39   | 0.05%             | 2027-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FINASTRA SUBCO LTD                                  | Finastra USA, Inc.                                                                                   | CUSIP: N/A<br>LEI: 549300ZB2RO6QC7YTK71       | Long             | LON              | CORP              | US        |      17469 | PA      | $16016.21     | 0.00%             | 2029-09-13      | Variable      | 11.57%                | No            |                  3 | On Loan: No      |
| Corning Inc                                         | Corning, Inc.                                                                                        | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |        332 | NS      | $22253.96     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MAUSER PACKAGING SOLUT                              | Mauser Packaging Solutions Holding Co.                                                               | CUSIP: 57763RAC1<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    1000000 | PA      | $995415.80    | 0.05%             | 2027-04-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                 | Medline Borrower, LP                                                                                 | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    2000000 | PA      | $1920493.60   | 0.09%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SOLERA CORP                                         | Polaris Newco LLC                                                                                    | CUSIP: N/A<br>LEI: 254900LEPDAG7EDOA064       | Short            | LON              | CORP              | US        |   -3655101 | PA      | $-69809.22    | -0.00%            | 2026-06-04      | Variable      | 0.38%                 | No            |                  3 | On Loan: No      |
| Carlyle Global Market Strategi                      | Carlyle Global Market Strategies                                                                     | CUSIP: 14318KAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    5500000 | PA      | $5499794.85   | 0.26%             | 2035-04-15      | Floating      | 11.67%                | No            |                  2 | On Loan: No      |
| REINSURANCE GRP OF AMER                             | Reinsurance Group of America, Inc.                                                                   | CUSIP: 759351AT6<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |     800000 | PA      | $814888.00    | 0.04%             | 2055-09-15      | Variable      | 6.65%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer, Ltd.                               | LoanCore                                                                                             | CUSIP: 53947FAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    4000000 | PA      | $3963066.00   | 0.18%             | 2042-08-17      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| UPBOUND GROUP INC                                   | Upbound Group, Inc.                                                                                  | CUSIP: N/A<br>LEI: 529900QUHE15UQNCCJ63       | Long             | LON              | CORP              | US        |    1550000 | PA      | $1548713.50   | 0.07%             | 2032-08-12      | Variable      | 7.10%                 | No            |                  2 | On Loan: No      |
| Northern Trust Corp                                 | Northern Trust Corp.                                                                                 | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |        154 | NS      | $20217.12     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                              | Albertsons Companies Incorporated / Safeway Inc / New Albertsons Limited Partnership / Albertsons LL | CUSIP: 013092AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     100000 | PA      | $99969.26     | 0.00%             | 2028-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |   -3977598 | PA      | $-3977597.66  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| Pool Corp                                           | Pool Corp.                                                                                           | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |         56 | NS      | $17399.76     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PS HOLDINGS INDEPENDENT VOTING COMPANY LTD          | Pershing Square Holdings Ltd.                                                                        | CUSIP: N/A<br>LEI: U7LC4KOKCTZ0YWGI2G56       | Long             | DBT              | CORP              | GG        |    1100000 | PA      | $978443.49    | 0.05%             | 2031-10-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SOLRR Aircraft 2021-1 Limited                       | Lunar Structured Aircraft Portfolio Notes                                                            | CUSIP: 83438LAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | IE        |    1721202 | PA      | $1624625.34   | 0.08%             | 2046-10-15      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| CENGAGE LEARNING HOLDINGS II INC                    | Cengage Learning, Inc.                                                                               | CUSIP: N/A<br>LEI: 549300BYGM0FWUSVXJ88       | Long             | LON              | CORP              | US        |    1795080 | PA      | $1797018.19   | 0.08%             | 2031-03-24      | Variable      | 7.76%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment Inc                           | Caesars Entertainment, Inc.                                                                          | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Long             | EC               | CORP              | US        |        599 | NS      | $16035.23     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc                       | Automatic Data Processing, Inc.                                                                      | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |         54 | NS      | $16418.70     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pershing Square Tontine Holdings, Ltd.              | Pershing Square Tontine Holdings, Ltd.                                                               | CUSIP: N/A<br>LEI: 549300ZDVEYEVCF35B08       | N/A              | DE               |  | US        |     115860 | NS      | $11.59        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Gartner Inc                                         | Gartner, Inc.                                                                                        | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |         40 | NS      | $10047.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co                              | International Paper Co.                                                                              | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |        355 | NS      | $17636.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corp                                       | Carnival Corp.                                                                                       | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | US        |        701 | NS      | $22354.89     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WEYERHAEUSER CO                                     | Weyerhaeuser Co.                                                                                     | CUSIP: 962166BT0<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | DBT              | CORP              | US        |    1100000 | PA      | $1223099.64   | 0.06%             | 2033-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Norwegian Cruise Line Holdings                      | Norwegian Cruise Line Holdings Ltd.                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        877 | NS      | $21784.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MB2 DENTAL SOLUTIONS LLC                            | MB2 Dental Solutions LLC                                                                             | CUSIP: N/A<br>LEI: 254900HDV9GEHEZLSQ19       | Long             | LON              | CORP              | US        |    5668215 | PA      | $5659215.33   | 0.26%             | 2031-02-13      | Variable      | 9.82%                 | No            |                  3 | On Loan: No      |
| Molson Coors Beverage Co                            | Molson Coors Beverage Co.                                                                            | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               | CORP              | US        |        321 | NS      | $16207.29     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIFORM MBS                                         | Uniform MBS 30 Year                                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |   16300000 | PA      | $16378989.80  | 0.76%             | 2025-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp                           | Occidental Petroleum Corp.                                                                           | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |        372 | NS      | $17710.92     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Aviation Securitization                      | AASET Trust                                                                                          | CUSIP: 00255UAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     495291 | PA      | $477306.86    | 0.02%             | 2040-01-16      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Capmark Military Housing Trust                      | Capmark Military Housing Trust                                                                       | CUSIP: 14069BAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1475090 | PA      | $1300100.07   | 0.06%             | 2052-02-10      | Fixed         | 5.75%                 | No            |                  3 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                            | Encore Capital Group, Inc.                                                                           | CUSIP: 292554AQ5<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    2300000 | PA      | $2428545.53   | 0.11%             | 2029-04-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| HAWK HOLDING COMPANY LLC                            | Alterra Mountain Co.                                                                                 | CUSIP: N/A<br>LEI: 549300C5O4FSVNUEI843       | Long             | LON              | CORP              | US        |    2993908 | PA      | $2995794.28   | 0.14%             | 2030-05-31      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| CONVERGINT TECHNOLOGIES GROUP HOLDINGS INC          | Convergint                                                                                           | CUSIP: N/A<br>LEI: 549300AE79DEGS4AGL59       | Long             | LON              | CORP              | US        |    3480598 | PA      | $3489299.55   | 0.16%             | 2032-07-12      | Variable      | 8.10%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                 | CURRENCY CONTRACT - Rec USD / Deliver EUR                                                            | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |   -2050000 | NC      | $3257.61      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Dover Corp                                          | Dover Corp.                                                                                          | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |         93 | NS      | $16633.98     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CERVANTES BIDCO SLU                                 | Cervantes Bidco S.L.U.                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | ES        |    2400000 | PA      | $2817213.06   | 0.13%             | 2031-12-03      | Variable      | 5.79%                 | No            |                  2 | On Loan: No      |
| Packaging Corp of America                           | Packaging Corporation of America                                                                     | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |         87 | NS      | $18962.52     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NUSTAR LOGISTICS LP                                 | NuStar Logistics, LP                                                                                 | CUSIP: 67059TAH8<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    1916000 | PA      | $1983811.07   | 0.09%             | 2030-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CASPER TOPCO SAS                                    | B&B Hotels                                                                                           | CUSIP: N/A<br>LEI: 969500OUD0VB2606MD53       | Long             | LON              | CORP              | FR        |    4150000 | PA      | $4863613.55   | 0.23%             | 2031-03-21      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| Keysight Technologies Inc                           | Keysight Technologies, Inc.                                                                          | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |        103 | NS      | $16833.29     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                            | Alliant Holdings Intermediate LLC / Alliant Holdings Company-Issuer                                  | CUSIP: 01883LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     725000 | PA      | $714702.75    | 0.03%             | 2027-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                               | 12-Month/2-Year Interest Rate Swap                                                                   | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DIR              |  | US        |  -44135473 | NC      | $-127083.24   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HUNTER DOUGLAS INC                                  | Hunter Douglas, Inc.                                                                                 | CUSIP: N/A<br>LEI: 529900811T142NS3H544       | Long             | LON              | CORP              | US        |    1250000 | PA      | $1459532.58   | 0.07%             | 2032-01-17      | Variable      | 5.23%                 | No            |                  2 | On Loan: No      |
| MICHAEL BAKER INTERNATIONAL LLC                     | Michael Baker International LLC                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    4776340 | PA      | $4792244.80   | 0.22%             | 2028-12-01      | Variable      | 8.31%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                            | Mill City Securities Ltd.                                                                            | CUSIP: 599920AB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   10250000 | PA      | $9363375.00   | 0.44%             | 2069-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Cerberus                                            | Cerberus Loan Funding 50 LLC                                                                         | CUSIP: 15673UAG2<br>LEI: 635400VJODJ5OZQ2H763 | Long             | ABS-O            | CORP              | US        |    1200000 | PA      | $1208694.24   | 0.06%             | 2037-07-15      | Floating      | 8.12%                 | No            |                  2 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.     | S&P 500 Index                                                                                        | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |        -40 | NC      | $-412800.00   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                             | Goldman Sachs Group, Inc.                                                                            | CUSIP: 38141GA79<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |    8350000 | NS      | $8765287.25   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                | OneMain Finance Corp.                                                                                | CUSIP: 85172FAN9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     384000 | PA      | $388230.91    | 0.02%             | 2026-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc                          | Verizon Communications, Inc.                                                                         | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |        383 | NS      | $16940.09     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                          | Intuit, Inc.                                                                                         | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |         22 | NS      | $14674.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                            | Alliant Holdings Intermediate LLC / Alliant Holdings Company-Issuer                                  | CUSIP: 01883LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    3550000 | PA      | $3657334.25   | 0.17%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Global Payments Inc                                 | Global Payments, Inc.                                                                                | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |        209 | NS      | $18563.38     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp                              | Boston Scientific Corp.                                                                              | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |        168 | NS      | $17724.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| STORABLE INC                                        | Storable, Inc.                                                                                       | CUSIP: N/A<br>LEI: 2549000AWFN27KOH3F59       | Long             | LON              | CORP              | US        |     847875 | PA      | $850418.63    | 0.04%             | 2031-04-16      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| PARTS HOLDING EUROPE SA                             | Parts Europe SA                                                                                      | CUSIP: N/A<br>LEI: 969500DL3O9K7T2M4M15       | Long             | LON              | CORP              | FR        |    1000000 | PA      | $1174751.37   | 0.05%             | 2031-02-03      | Variable      | 5.27%                 | No            |                  2 | On Loan: No      |
| VERISURE CAYMAN 2                                   | Verisure Holding AB                                                                                  | CUSIP: N/A<br>LEI: 549300VQQCWGISM3N408       | Long             | DBT              | CORP              | SE        |    1950000 | PA      | $2369019.50   | 0.11%             | 2030-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Linde PLC                                           | Linde plc                                                                                            | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Long             | EC               | CORP              | US        |         36 | NS      | $17218.44     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ENDO LP                                             | Endo Luxembourg Finance Co I SARL / Endo US, Inc.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    3345000 | NS      | $334.50       | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| The Toronto-Dominion Bank                           | 6-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DIR              |  | US        |  -10090625 | NC      | $-18517.61    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SITECORE HOLDING II A/S                             | Sitecore Holding III A/S                                                                             | CUSIP: N/A<br>LEI: 213800M9GGJ3GNKQOC39       | Long             | LON              | CORP              | DK        |     218109 | PA      | $216665.14    | 0.01%             | 2029-03-12      | Variable      | 5.80%                 | No            |                  3 | On Loan: No      |
| GLP CAPITAL LP / FIN II                             | GLP Capital Limited Partnership / GLP Financing II, Inc.                                             | CUSIP: 361841AR0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    3250000 | PA      | $2900571.38   | 0.14%             | 2032-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| DYE & DURHAM LTD                                    | Dye & Durham Corp.                                                                                   | CUSIP: N/A<br>LEI: 549300XUQDPIC5QRY347       | Long             | LON              | CORP              | CA        |    1424464 | PA      | $1425803.29   | 0.07%             | 2031-04-11      | Variable      | 8.65%                 | No            |                  2 | On Loan: No      |
| Kellanova                                           | Kellanova                                                                                            | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | EC               | CORP              | US        |        205 | NS      | $16297.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Capital Services LLC                 | CDX.NA.HY.43.V1 (15-25%)                                                                             | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DCR              |  | US        |   -6610000 | OU      | $-530866.88   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| NEW ENTERPRISE STONE & L                            | New Enterprise Stone & Lime Company, Inc.                                                            | CUSIP: 644274AG7<br>LEI: 549300O5DQ5Y61B8VF38 | Long             | DBT              | CORP              | US        |    7717000 | PA      | $7738839.11   | 0.36%             | 2028-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| HUNT COS INC                                        | Hunt Companies, Inc.                                                                                 | CUSIP: 445587AE8<br>LEI: 549300ODPWDNCH5TKM49 | Long             | DBT              | CORP              | US        |    7325000 | PA      | $7172015.18   | 0.33%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange Inc                       | Intercontinental Exchange, Inc.                                                                      | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |         94 | NS      | $16600.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BX Trust                                            | BX Commercial Mortgage Trust                                                                         | CUSIP: 05609VAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    3626324 | PA      | $3611591.73   | 0.17%             | 2036-09-15      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| Equifax Inc                                         | Equifax, Inc.                                                                                        | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |         62 | NS      | $15270.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTICIMEX GROUP AB                                  | Seren BidCo AB                                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    2765019 | PA      | $2767617.81   | 0.13%             | 2028-11-16      | Variable      | 7.76%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                              | RR 39 Ltd.                                                                                           | CUSIP: 74988JAC3<br>LEI: 254900LIH4RE7KQVNK74 | Long             | ABS-O            | CORP              | KY        |    4350000 | PA      | $3947973.00   | 0.18%             | 2038-04-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Paramount Skydance Corp                             | Paramount Skydance Corp.                                                                             | CUSIP: 69932A204<br>LEI: 529900B6VAJG54Y9QF02 | Long             | EC               | CORP              | US        |       1368 | NS      | $20109.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBE LIFE INC                                      | Globe Life, Inc.                                                                                     | CUSIP: 37959E300<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EP               | CORP              | US        |      11000 | NS      | $183810.00    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                      | Palmer Square Loan Funding Ltd.                                                                      | CUSIP: 69690CAU7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    3500000 | PA      | $3521335.65   | 0.16%             | 2031-04-15      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| HANGER INC                                          | Hanger, Inc.                                                                                         | CUSIP: N/A<br>LEI: 254900ZJJJYVLHJXSZ60       | Long             | LON              | CORP              | US        |      80217 | PA      | $80368.01     | 0.00%             | 2031-10-23      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                | Bank of America Corp.                                                                                | CUSIP: 06055HAK9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |    1400000 | NS      | $1401249.91   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Pershing Square Holdings, Ltd.                      | Pershing Square SPARC Holdings, Ltd.                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     318615 | NS      | $31.86        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CITIGROUP INC                                       | Citigroup, Inc.                                                                                      | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |    4000000 | NS      | $3953328.00   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| DEUCE FINCO PLC                                     | Deuce FinCo plc                                                                                      | CUSIP: N/A<br>LEI: 9845007DA2BC863E8437       | Long             | DBT              | CORP              | GB        |    1600000 | PA      | $2158751.51   | 0.10%             | 2027-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VB-S1 Issuer LLC                                    | VB-S1 Issuer LLC - VBTEL                                                                             | CUSIP: 91823ABA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    8000000 | PA      | $7604492.80   | 0.35%             | 2052-02-15      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| Sprite Limited                                      | Sprite Ltd.                                                                                          | CUSIP: 85208UAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    6084056 | PA      | $5885932.98   | 0.27%             | 2046-11-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ORION US FINCO INC                                  | Orion US FinCo                                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    1150000 | PA      | $1157601.50   | 0.05%             | 2032-05-20      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| NVIDIA Corp                                         | NVIDIA Corp.                                                                                         | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |        117 | NS      | $20379.06     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                              | Level 3 Financing, Inc.                                                                              | CUSIP: N/A<br>LEI: 254900AE5FEFIJOXWL19       | Long             | LON              | CORP              | US        |    4480000 | PA      | $4497740.80   | 0.21%             | 2032-03-21      | Variable      | 8.57%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                             | CARS-DB4, LP                                                                                         | CUSIP: 12510HAJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    7110000 | PA      | $6468294.77   | 0.30%             | 2050-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Motorola Solutions Inc                              | Motorola Solutions, Inc.                                                                             | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |         41 | NS      | $19370.86     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW BOOST HOLDCO LLC                                | Worldpay US, Inc.                                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |     750000 | PA      | $1092200.04   | 0.05%             | 2031-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                            | JBS USA Holding Lux SARL/ JBS USA Food Company/ JBS Lux Co SARL                                      | CUSIP: 46590XAQ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    4800000 | PA      | $3657932.16   | 0.17%             | 2052-02-02      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PROAMPAC PG BORROWER LLC                            | ProAmpac PG Borrower LLC                                                                             | CUSIP: N/A<br>LEI: 549300ZI6LTXYFEY1578       | Long             | LON              | CORP              | US        |    1307203 | PA      | $1305569.12   | 0.06%             | 2028-09-15      | Variable      | 8.27%                 | No            |                  2 | On Loan: No      |
| BILLIKEN BUYER INC                                  | Eyecare Partners LLC                                                                                 | CUSIP: N/A<br>LEI: 254900ZAACWK09RJ8W93       | Long             | LON              | CORP              | US        |    1259280 | PA      | $968298.45    | 0.05%             | 2028-11-30      | Variable      | 4.42%                 | No            |                  2 | On Loan: No      |
| CASTOR SPA                                          | Castor S.p.A.                                                                                        | CUSIP: N/A<br>LEI: 213800OWLX4ZFFIAB390       | Long             | DBT              | CORP              | IT        |    2300000 | PA      | $2514135.79   | 0.12%             | 2029-02-15      | Variable      | 7.22%                 | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDINGS INC                             | Park River Holdings, Inc.                                                                            | CUSIP: N/A<br>LEI: 254900PGY077KWCROT75       | Long             | LON              | CORP              | US        |     581135 | PA      | $578712.01    | 0.03%             | 2027-12-28      | Variable      | 7.80%                 | No            |                  2 | On Loan: No      |
| MIDCAP FUNDING XLVI TRUST                           | MidCap Funding XLVI Trust                                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    4850000 | PA      | $4850000.00   | 0.23%             | 2028-04-15      | Variable      | 6.85%                 | No            |                  3 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                             | Goldman Sachs & Co. LLC                                                                              | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Short            | RA               | CORP              | US        |    -397986 | PA      | $-397985.89   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MB2 DENTAL SOLUTIONS LLC                            | MB2 Dental Solutions LLC                                                                             | CUSIP: N/A<br>LEI: 254900HDV9GEHEZLSQ19       | Long             | LON              | CORP              | US        |     820771 | PA      | $807970.28    | 0.04%             | 2031-02-13      | Variable      | 9.82%                 | No            |                  3 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.     | S&P 500 Index                                                                                        | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |        -40 | NC      | $-150200.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                                  | Walt Disney Co.                                                                                      | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |        140 | NS      | $16573.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc                                | Freeport-McMoRan, Inc.                                                                               | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |        408 | NS      | $18115.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Realty Investment Trus                      | Federal Realty Investment Trust                                                                      | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               | CORP              | US        |        174 | NS      | $17495.70     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SHO Holding I Corp.                                 | SHO Holding I Corp.                                                                                  | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |    -295159 | PA      | $-18126.83    | -0.00%            | 2029-06-30      | Variable      | 1.29%                 | No            |                  3 | On Loan: No      |
| SYNAFERD AS                                         | Visma AS                                                                                             | CUSIP: N/A<br>LEI: 5967007LIEEXZXB1YO53       | Long             | LON              | CORP              | NO        |     500000 | PA      | $585000.59    | 0.03%             | 2028-12-05      | Variable      | 6.03%                 | No            |                  3 | On Loan: No      |
| HESS CORP                                           | Hess Corp.                                                                                           | CUSIP: 42809HAD9<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |    1550000 | PA      | $1572318.93   | 0.07%             | 2041-02-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                          | Fannie Mae                                                                                           | CUSIP: 3140XHLP0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    3314983 | PA      | $3131058.00   | 0.15%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WHITE CAP SUPPLY HOLDINGS LLC                       | White Cap Supply Holdings LLC                                                                        | CUSIP: N/A<br>LEI: 254900L2N0T6GULCL366       | Long             | LON              | CORP              | US        |    2152477 | PA      | $2152692.14   | 0.10%             | 2029-10-19      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| OIL CHANGER HOLDING CORP                            | Oil Changer Holding Corp.                                                                            | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |    -282105 | PA      | $0.00         | 0.00%             | 2027-02-08      | Variable      | 1.00%                 | No            |                  3 | On Loan: No      |
| HEALTHEQUITY INC                                    | HealthEquity, Inc.                                                                                   | CUSIP: 42226AAA5<br>LEI: 529900LRJU1RAFQHM467 | Long             | DBT              | CORP              | US        |    1550000 | PA      | $1498366.87   | 0.07%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| KANE FEEDERCO LTD                                   | Kane Bidco Ltd.                                                                                      | CUSIP: N/A<br>LEI: 213800IT8MD1MLYZWC24       | Long             | DBT              | CORP              | JE        |    2750000 | PA      | $3803088.92   | 0.18%             | 2031-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| AASET 2019-2 Trust                                  | AASET Trust                                                                                          | CUSIP: 00038RAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     743090 | PA      | $724596.33    | 0.03%             | 2039-10-16      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| Nordson Corp                                        | Nordson Corp.                                                                                        | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |         76 | NS      | $17106.84     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                                      | GE Vernova, Inc.                                                                                     | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |         35 | NS      | $21453.95     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WRENCH GROUP LLC                                    | Wrench Group LLC                                                                                     | CUSIP: N/A<br>LEI: 549300P8EZVZ0SIZ7N24       | Long             | LON              | CORP              | US        |    4093562 | PA      | $4087175.92   | 0.19%             | 2028-10-30      | Variable      | 8.56%                 | No            |                  2 | On Loan: No      |
| Welltower Inc                                       | Welltower, Inc.                                                                                      | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |        111 | NS      | $18679.08     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BofA Securities, Inc.                               | U.S. Secured Overnight Financing Rate                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | N/A              | DIR              |  | US        |  -24060000 | OU      | $-722822.07   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Sonic Capital LLC                                   | Sonic Capital LLC                                                                                    | CUSIP: 83546DAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1187500 | PA      | $1166804.72   | 0.05%             | 2050-01-20      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |    -896419 | PA      | $-896419.10   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| DAVITA INC                                          | DaVita, Inc.                                                                                         | CUSIP: 23918KAT5<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    1200000 | PA      | $1095004.20   | 0.05%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Molina Healthcare Inc                               | Molina Healthcare, Inc.                                                                              | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |         57 | NS      | $10307.31     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Golub Capital Partners CLO Ltd                      | Golub Capital Partners CLO 46M Ltd.                                                                  | CUSIP: 38178UAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2600000 | PA      | $2608473.66   | 0.12%             | 2037-04-20      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| VERTICAL MANCO & GMBH CO KG                         | Vertical Midco GmbH                                                                                  | CUSIP: N/A<br>LEI: 254900K869UN2ZWVB351       | Long             | DBT              | CORP              | DE        |     100000 | PA      | $117077.78    | 0.01%             | 2027-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                 | 6-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        |  -10090625 | NC      | $-41365.51    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                             | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |  -40103836 | PA      | $-40103835.62 | -1.87%            |  |  |  | No            |                  2 | On Loan: No      |
| PayPal Holdings Inc                                 | PayPal Holdings, Inc.                                                                                | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |        224 | NS      | $15722.56     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Treman Park CLO Ltd                                 | Treman Park CLO Ltd.                                                                                 | CUSIP: 89473MAD4<br>LEI: 549300E4DX3Q8L455K94 | Long             | ABS-O            | CORP              | KY        |     814751 | PA      | $2273.16      | 0.00%             | 2028-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Huntington Ingalls Industries                       | Huntington Ingalls Industries, Inc.                                                                  | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |         74 | NS      | $20038.46     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| VFH PARENT / VALOR CO                               | VFH Parent LLC / Valor Company-Issuer, Inc.                                                          | CUSIP: 91824YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1800000 | PA      | $1889402.40   | 0.09%             | 2031-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| DARLING INGREDIENTS INC                             | Darling Ingredients, Inc.                                                                            | CUSIP: 237266AJ0<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |     250000 | PA      | $252710.75    | 0.01%             | 2030-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                            | BX Trust                                                                                             | CUSIP: 05612TAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    5200000 | PA      | $5187000.00   | 0.24%             | 2029-07-15      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Military Housing B                      | Freddie Mac Military Housing Bonds Resecuritization Trust Certificates                               | CUSIP: 35563CAK4<br>LEI: 549300ZG8WH0M4JSUM77 | Long             | ABS-MBS          | USGSE             | US        |   38408504 | PA      | $2190943.95   | 0.10%             | 2052-10-25      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| FTAI AIRCRAFT LEASING SPV 2025 LP                   | FTAI Aircraft                                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   17793821 | NS      | $17793821.00  | 0.83%             |  |  |  | No            |                  3 | On Loan: No      |
| Hologic Inc                                         | Hologic, Inc.                                                                                        | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |        259 | NS      | $17384.08     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralliant Corp                                       | Ralliant Corp.                                                                                       | CUSIP: 750940108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |          1 | NS      | $41.81        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                            | United Wholesale Mortgage LLC                                                                        | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |    1925000 | PA      | $1895828.74   | 0.09%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SHO HOLDING I CORP                                  | SHO Holding I Corp.                                                                                  | CUSIP: N/A<br>LEI: 5493004CRJRC7LVGK330       | Long             | EC               | CORP              | US        |        768 | NS      | $603024.55    | 0.03%             |  |  |  | No            |                  3 | On Loan: No      |
| COBANK ACB                                          | CoBank ACB                                                                                           | CUSIP: 19075QAF9<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | EP               | CORP              | US        |    4300000 | NS      | $4417781.30   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Great Lakes CLO Ltd                                 | Great Lakes CLO Ltd.                                                                                 | CUSIP: 39055RAE2<br>LEI: 254900GKX01S4T3NFH46 | Long             | ABS-O            | CORP              | KY        |    1153846 | PA      | $517591.08    | 0.02%             | 2029-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| API GROUP DE INC                                    | APi Group DE, Inc.                                                                                   | CUSIP: 00185PAA9<br>LEI: 549300XP4G7B4QYA0G83 | Long             | DBT              | CORP              | US        |    1225000 | PA      | $1204121.35   | 0.06%             | 2029-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PARTNERRE FINANCE B LLC                             | PartnerRe Finance B LLC                                                                              | CUSIP: 70213BAC5<br>LEI: 549300O0FAGHK2F79881 | Long             | DBT              | CORP              | US        |     950000 | PA      | $889553.02    | 0.04%             | 2050-10-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Quanta Services Inc                                 | Quanta Services, Inc.                                                                                | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |         47 | NS      | $17764.12     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                                | Bank of America Corp.                                                                                | CUSIP: 06055H608<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |      26000 | NS      | $446680.00    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Universal Health Services Inc                       | Universal Health Services, Inc.                                                                      | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |         97 | NS      | $17613.26     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PLANVIEW PARENT INC                                 | Planview Parent, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300SEALM1D9FKMA32       | Long             | LON              | CORP              | US        |    4662300 | PA      | $4547700.92   | 0.21%             | 2027-12-17      | Variable      | 7.80%                 | No            |                  2 | On Loan: No      |
| STRIP PRINC                                         | U.S. Treasury Bonds                                                                                  | CUSIP: 912803EH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    5030000 | PA      | $1981423.13   | 0.09%             | 2044-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                        | Broadcom, Inc.                                                                                       | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |         66 | NS      | $19627.74     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRION GROUP LLC                                   | Engineering Research And Consulting LLC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    4577000 | PA      | $4451132.50   | 0.21%             | 2031-08-29      | Variable      | 9.29%                 | No            |                  2 | On Loan: No      |
| ILPEA PARENT INC                                    | ILPEA Parent, Inc.                                                                                   | CUSIP: N/A<br>LEI: 5493002IJGO6IOH86T22       | Long             | LON              | CORP              | US        |    1222670 | PA      | $1218855.21   | 0.06%             | 2028-06-22      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                       | Citigroup, Inc.                                                                                      | CUSIP: 17327CAV5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |    2000000 | NS      | $2030784.00   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |   -4094264 | PA      | $-4094263.76  | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| Berkshire Hathaway Inc                              | Berkshire Hathaway, Inc.                                                                             | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |         34 | NS      | $17101.32     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                            | Occidental Petroleum Corp.                                                                           | CUSIP: 674599CF0<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     750000 | PA      | $573679.95    | 0.03%             | 2045-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| VECTOR WP HOLDCO INC                                | Vector WP Holdco, Inc.                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    3040885 | PA      | $2934453.60   | 0.14%             | 2028-10-12      | Variable      | 9.43%                 | No            |                  3 | On Loan: No      |
| Cooper Cos Inc/The                                  | Cooper Companies, Inc.                                                                               | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |        233 | NS      | $15703.04     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                            | Occidental Petroleum Corp.                                                                           | CUSIP: 674599CX1<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    2100000 | PA      | $1707279.00   | 0.08%             | 2039-08-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| HUNTER DOUGLAS INC                                  | Hunter Douglas, Inc.                                                                                 | CUSIP: N/A<br>LEI: 529900811T142NS3H544       | Long             | LON              | CORP              | US        |    3631750 | PA      | $3630224.67   | 0.17%             | 2032-01-17      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| Teledyne Technologies Inc                           | Teledyne Technologies, Inc.                                                                          | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |         34 | NS      | $18297.78     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc                            | Agilent Technologies, Inc.                                                                           | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |        140 | NS      | $17592.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                                         | Cummins, Inc.                                                                                        | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |         52 | NS      | $20718.88     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| STANDARD INDUSTRIES INC                             | Standard Industries, Inc.                                                                            | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    1100000 | PA      | $998282.67    | 0.05%             | 2031-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CRETACEOUS MIDCO LTD                                | ContourGlobal Power Holdings S.A.                                                                    | CUSIP: N/A<br>LEI: 549300O5AGIFK0PQ1516       | Long             | DBT              | CORP              | LU        |     150000 | PA      | $179563.85    | 0.01%             | 2030-02-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                             | Goldman Sachs & Co. LLC                                                                              | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Short            | RA               | CORP              | US        |    -279733 | PA      | $-279732.92   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Expand Energy Corp                                  | Expand Energy Corp.                                                                                  | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |        149 | NS      | $14420.22     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAFTECH FINANCE INC                                | GrafTech Finance, Inc.                                                                               | CUSIP: 384311AC0<br>LEI: 1Z010BU876CF2HDBIN43 | Long             | DBT              | CORP              | US        |    2860000 | PA      | $2030600.00   | 0.09%             | 2029-12-23      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| General Mills Inc                                   | General Mills, Inc.                                                                                  | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |        308 | NS      | $15193.64     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BOXER PARENT COMPANY INC                            | Boxer Parent Co., Inc.                                                                               | CUSIP: N/A<br>LEI: 5493006T045HLTF7YX04       | Long             | LON              | CORP              | US        |    4486256 | PA      | $4478046.40   | 0.21%             | 2031-07-30      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| LINCOLN NATIONAL CORP                               | Lincoln National Corp.                                                                               | CUSIP: 534187BR9<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EP               | CORP              | US        |    3600000 | NS      | $3899710.80   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                         | Foreign Exchange USD/JPY                                                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |     932000 | NC      | $5820.01      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FTAI AIRCRAFT LEASING SPV 2025 LP                   | FTAI Aircraft Leasing                                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    5206179 | NS      | $520.62       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DOMESTIC & GENERAL LTD                              | Galaxy Bidco Ltd.                                                                                    | CUSIP: N/A<br>LEI: 984500645A980C6A3639       | Long             | LON              | CORP              | JE        |    1800000 | PA      | $2118511.76   | 0.10%             | 2029-12-19      | Variable      | 6.04%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                              | Venture Global LNG, Inc.                                                                             | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    6000000 | PA      | $6533274.00   | 0.30%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                         | Freddie Mac                                                                                          | CUSIP: 3133KPGG7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    1366614 | PA      | $1284237.32   | 0.06%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                             | Starwood Property Trust, Inc.                                                                        | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |     505000 | PA      | $524131.42    | 0.02%             | 2030-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CF Industries Holdings Inc                          | CF Industries Holdings, Inc.                                                                         | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |        176 | NS      | $15246.88     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CIENA CORP                                          | Ciena Corp.                                                                                          | CUSIP: 171779AL5<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | DBT              | CORP              | US        |    2150000 | PA      | $2040940.61   | 0.09%             | 2030-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                 | Bank of Nova Scotia                                                                                  | CUSIP: 0641598S8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    2150000 | PA      | $2277099.40   | 0.11%             | 2082-10-27      | Variable      | 8.62%                 | No            |                  2 | On Loan: No      |
| CAPSTONE ACQUISITION HOLDINGS INC                   | Capstone Acquisition Holdings, Inc.                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    8296915 | PA      | $8258261.63   | 0.38%             | 2029-11-12      | Variable      | 8.92%                 | No            |                  3 | On Loan: No      |
| CLIFFWATER LLC                                      | Cliffwater LLC                                                                                       | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |    -640000 | PA      | $-0.01        | -0.00%            | 2032-03-19      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| USI INC/NY                                          | USI, Inc.                                                                                            | CUSIP: 90346KAB5<br>LEI: 2549006D7UF7072T7I27 | Long             | DBT              | CORP              | US        |     970000 | PA      | $1027755.74   | 0.05%             | 2032-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                            | Alliant Holdings Intermediate LLC / Alliant Holdings Company-Issuer                                  | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     425000 | PA      | $439552.85    | 0.02%             | 2031-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                  | Energy Transfer, LP                                                                                  | CUSIP: 226373AT5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    3800000 | PA      | $3975091.04   | 0.19%             | 2031-02-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ELVIS UK HOLDCO LTD                                 | Restaurant Brands                                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |    2450000 | PA      | $2883071.25   | 0.13%             | 2031-10-31      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                   | Herc Holdings, Inc.                                                                                  | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     820000 | PA      | $853418.28    | 0.04%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UNIT4 GROUP HOLDING BV                              | Bock Capital Bidco B.V.                                                                              | CUSIP: N/A<br>LEI: 259400UFTFGBNQWX0O86       | Long             | LON              | CORP              | NL        |    3800000 | PA      | $4471568.97   | 0.21%             | 2028-06-29      | Variable      | 5.48%                 | No            |                  2 | On Loan: No      |
| Realty Income Corp                                  | Realty Income Corp.                                                                                  | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |        290 | NS      | $17040.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp                                | Las Vegas Sands Corp.                                                                                | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |        399 | NS      | $22994.37     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                                          | Nucor Corp.                                                                                          | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |        142 | NS      | $21119.66     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OSMOSE UTILITIES SERVICES INC                       | Osmose Utility Services, Inc.                                                                        | CUSIP: N/A<br>LEI: 549300FSLVHLFZ3S0D82       | Long             | LON              | CORP              | US        |     491667 | PA      | $482079.17    | 0.02%             | 2028-06-23      | Variable      | 7.68%                 | No            |                  2 | On Loan: No      |
| BNP Paribas Prime Brokerage International, Ltd.     | S&P 500 Index                                                                                        | CUSIP: N/A<br>LEI: 5493000EGBAKFHIIT563       | N/A              | DE               |  | US        |        -40 | NC      | $-280400.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp                                   | Atmos Energy Corp.                                                                                   | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |        110 | NS      | $18274.30     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                            | Builders FirstSource, Inc.                                                                           | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    1675000 | PA      | $1574365.67   | 0.07%             | 2032-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                         | 6-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -10090625 | NC      | $-18517.61    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Emerson Electric Co                                 | Emerson Electric Co.                                                                                 | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |        132 | NS      | $17424.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas                                         | 9-Month/5-Year Interest Rate Swap                                                                    | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |   32082500 | NC      | $519207.14    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MANNINGTON MILLS INC                                | Mannington Mills, Inc.                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    1836125 | PA      | $1790221.88   | 0.08%             | 2032-03-07      | Variable      | 9.05%                 | No            |                  2 | On Loan: No      |
| GRAFTECH INTERNATIONAL LTD.                         | GrafTech Finance, Inc.                                                                               | CUSIP: N/A<br>LEI: 1Z010BU876CF2HDBIN43       | Long             | LON              | CORP              | US        |    1725656 | PA      | $1748313.80   | 0.08%             | 2029-12-21      | Variable      | 10.32%                | No            |                  2 | On Loan: No      |
| Seagate Technology Holdings PL                      | Seagate Technology Holdings plc                                                                      | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | US        |        132 | NS      | $22096.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ADT SEC CORP                                        | ADT Security Corp.                                                                                   | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |    1050000 | PA      | $1014990.27   | 0.05%             | 2029-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                          | Fannie Mae                                                                                           | CUSIP: 3140XHBC0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1470131 | PA      | $1377989.18   | 0.06%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOPGOLF CALLAWAY BRANDS CORP                        | Topgolf Callaway Brands Corp.                                                                        | CUSIP: N/A<br>LEI: 5493005UB0KFRKBPCU72       | Long             | LON              | CORP              | US        |     225000 | PA      | $221062.50    | 0.01%             | 2030-03-15      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| CLIFFWATER LLC                                      | Cliffwater LLC                                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    6792975 | PA      | $6771308.19   | 0.32%             | 2032-03-19      | Variable      | 9.31%                 | No            |                  3 | On Loan: No      |
| QUIMPER HOLDINGS SARL                               | Quimper AB                                                                                           | CUSIP: N/A<br>LEI: 549300EI2YNCQDXVO313       | Long             | LON              | CORP              | SE        |    2000000 | PA      | $2347677.55   | 0.11%             | 2030-03-25      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| IFF                                                 | International Flavors & Fragrances, Inc.                                                             | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |        214 | NS      | $14447.14     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ILLUMINATE BUYER/HLDG                               | Illuminate Buyer LLC / Illuminate Holdings IV, Inc.                                                  | CUSIP: 45232TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1625000 | PA      | $1625573.63   | 0.08%             | 2028-07-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| AP GRANGE HOLDINGS LLC                              | AP Grange Holdings                                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |    1200000 | PA      | $1212000.00   | 0.06%             | 2045-03-20      | Fixed         | 5.00%                 | No            |                  3 | On Loan: No      |
| SOTHEBY'S                                           | Sotheby's                                                                                            | CUSIP: 835898AH0<br>LEI: 549300P5BAAMQQ7VL735 | Long             | DBT              | CORP              | US        |    3399000 | PA      | $3361586.53   | 0.16%             | 2027-10-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| APRO LLC                                            | Apro LLC                                                                                             | CUSIP: N/A<br>LEI: 549300HALLMPVGYAKP14       | Long             | LON              | CORP              | US        |    3151312 | PA      | $3145419.24   | 0.15%             | 2031-07-09      | Variable      | 8.11%                 | No            |                  2 | On Loan: No      |
| KERRIDGE COMMERCIAL SYSTEMS MID CO LTD              | Kerridge Commercial Systems Bidco Ltd.                                                               | CUSIP: N/A<br>LEI: 549300J33RX52OWCKR29       | Long             | LON              | CORP              | GB        |    3800000 | PA      | $5066019.95   | 0.24%             | 2030-09-07      | Variable      | 9.47%                 | No            |                  3 | On Loan: No      |
| DoorDash Inc                                        | DoorDash, Inc.                                                                                       | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |         77 | NS      | $18884.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |   -2468848 | PA      | $-2468848.32  | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                    | CSC Holdings LLC                                                                                     | CUSIP: 126307BD8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    1913000 | PA      | $838118.91    | 0.04%             | 2030-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SUBURBAN PROPANE PARTNRS                            | Suburban Propane Partners Limited Partnership/Suburban Energy Finance Corp.                          | CUSIP: 864486AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1800000 | PA      | $1703079.90   | 0.08%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARMOR PARENT CORP                                   | Accuride Corp.                                                                                       | CUSIP: N/A<br>LEI: 549300MC6XO5P96H8E79       | Long             | LON              | CORP              | US        |    2237825 | PA      | $4205822.93   | 0.20%             | 2030-03-07      | Variable      | 4.40%                 | No            |                  3 | On Loan: No      |
| KREF 2021-FL2 Ltd                                   | KREF Ltd.                                                                                            | CUSIP: 48275RAC1<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-O            | CORP              | KY        |    2850000 | PA      | $2796486.98   | 0.13%             | 2039-02-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Carrington Mortgage Loan Trust                      | Carrington Mortgage Loan Trust Series                                                                | CUSIP: 144539AC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    3374409 | PA      | $3014200.79   | 0.14%             | 2037-01-25      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| NATL LIFE INSURANCE-VRMT                            | National Life Insurance Co.                                                                          | CUSIP: 636792AA1<br>LEI: 0JRPR7R1EOV4Z2M47L22 | Long             | DBT              | CORP              | US        |    3400000 | PA      | $4539714.20   | 0.21%             | 2039-09-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| ARGOS HOLDINGS INC                                  | PetSmart LLC                                                                                         | CUSIP: N/A<br>LEI: 894500NGJMHSFNESGA67       | Long             | LON              | CORP              | US        |    3400000 | PA      | $3363892.00   | 0.16%             | 2032-08-09      | Variable      | 8.36%                 | No            |                  2 | On Loan: No      |
| PAINT INTERMEDIATE III LLC                          | Paint Intermediate III LLC                                                                           | CUSIP: N/A<br>LEI: 549300C2JJM7BNZTR054       | Long             | LON              | CORP              | US        |    2493750 | PA      | $2494523.06   | 0.12%             | 2031-10-09      | Variable      | 7.24%                 | No            |                  2 | On Loan: No      |
| SOLERA CORP                                         | Polaris Newco LLC                                                                                    | CUSIP: N/A<br>LEI: 254900LEPDAG7EDOA064       | Long             | LON              | CORP              | US        |    1652364 | PA      | $1620804.95   | 0.08%             | 2026-06-04      | Variable      | 7.94%                 | No            |                  3 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                            | Charter Communications Operating LLC / Charter Communications Operating Capital                      | CUSIP: 161175CA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1282000 | PA      | $849560.20    | 0.04%             | 2052-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                          | Fannie Mae                                                                                           | CUSIP: 3140QQB95<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1876327 | PA      | $1860645.91   | 0.09%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chipotle Mexican Grill Inc                          | Chipotle Mexican Grill, Inc.                                                                         | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        323 | NS      | $13611.22     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOCK INC                                           | Block, Inc.                                                                                          | CUSIP: 852234AJ2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    2840000 | PA      | $2740547.86   | 0.13%             | 2026-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Constellation Brands Inc                            | Constellation Brands, Inc.                                                                           | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |         99 | NS      | $16032.06     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                            | Digital Realty Trust, Inc.                                                                           | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |         95 | NS      | $15925.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                             | Goldman Sachs & Co. LLC                                                                              | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Short            | RA               | CORP              | US        |    -172943 | PA      | $-172942.99   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Cerberus                                            | Cerberus Loan Funding XL LLC                                                                         | CUSIP: 15675AAG4<br>LEI: 635400FRD1HEGKSHCI69 | Long             | ABS-O            | CORP              | US        |    2500000 | PA      | $2528800.25   | 0.12%             | 2035-03-22      | Floating      | 10.72%                | No            |                  2 | On Loan: No      |
| Paychex Inc                                         | Paychex, Inc.                                                                                        | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |        109 | NS      | $15200.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA PARENT HOLDINGS INC                           | Duff & Phelps                                                                                        | CUSIP: N/A<br>LEI: 549300FDREJLOIGXY104       | Long             | LON              | CORP              | US        |    2063598 | PA      | $2053610.14   | 0.10%             | 2027-04-09      | Variable      | 8.05%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                               | Foreign Exchange USD/JPY                                                                             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |     858000 | NC      | $15887.49     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                 | CDX.NA.HY.43.V1 (25-35%)                                                                             | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DCR              |  | US        |   -6610000 | OU      | $-1037001.65  | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                            | Madison Park Funding LIII Ltd.                                                                       | CUSIP: 558201AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   18500000 | PA      | $18284140.15  | 0.85%             | 2035-04-21      | Floating      | 10.33%                | No            |                  2 | On Loan: No      |
| CME Group Inc                                       | CME Group, Inc.                                                                                      | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |         62 | NS      | $16523.62     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JONES DESLAURIERS INSURA                            | Jones Deslauriers Insurance Management, Inc.                                                         | CUSIP: 48020RAA3<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |    3650000 | PA      | $3871259.35   | 0.18%             | 2030-12-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                              | Diamondback Energy, Inc.                                                                             | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |        112 | NS      | $16661.12     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WABASH NATIONAL CORP                                | Wabash National Corp.                                                                                | CUSIP: 929566AL1<br>LEI: 5299004ZAWHQZI5XO485 | Long             | DBT              | CORP              | US        |    4800000 | PA      | $4405337.76   | 0.21%             | 2028-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| XPLORNET COMMUNICATIONS INC                         | Xplore, Inc.                                                                                         | CUSIP: N/A<br>LEI: 2138007ZVGYYNWEGU394       | Long             | LON              | CORP              | CA        |    1087432 | PA      | $750328.29    | 0.03%             | 2031-10-24      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| FORT MOORE FAMILY LLC                               | Fort Moore Family Communities LLC                                                                    | CUSIP: 346845AG5<br>LEI: 254900O8GC3CHW0PH218 | Long             | DBT              | CORP              | US        |     669591 | PA      | $574522.63    | 0.03%             | 2051-01-15      | Fixed         | 6.09%                 | No            |                  2 | On Loan: No      |
| KKR CORE HOLDING COMPANY LLC                        | KKR Core Holding Company LLC                                                                         | CUSIP: N/A<br>LEI: 5493007DXHDGV3QWWI42       | Long             | ABS-O            | CORP              | US        |    2512528 | PA      | $2334113.77   | 0.11%             | 2031-08-12      | Fixed         | 4.00%                 | No            |                  3 | On Loan: No      |
| CROSS FINANCIAL CORP                                | Cross Financial Corp.                                                                                | CUSIP: N/A<br>LEI: 2549008J3I495E70LU05       | Long             | LON              | CORP              | US        |    2786000 | PA      | $2791794.88   | 0.13%             | 2031-10-31      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| XPLORE INC                                          | Xplore, Inc.                                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |      61305 | NS      | $150700.59    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DARKTRACE FINCO US LLC                              | Leia Finco US LLC                                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    4189500 | PA      | $4197376.26   | 0.20%             | 2031-10-09      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                               | BofA Securities, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Short            | RA               | CORP              | US        |   -1504796 | PA      | $-1504796.49  | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| IQVIA Holdings Inc                                  | IQVIA Holdings, Inc.                                                                                 | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |        104 | NS      | $19844.24     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Imperial Bank of Commerce, Toronto Branch  | Canadian Imperial Bank of Commerce                                                                   | CUSIP: N/A<br>LEI: 2IGI19DL77OX0HC3ZE78       | Short            | RA               | CORP              | CA        |   -1147944 | PA      | $-1147943.88  | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| SHO HOLDING I CORP                                  | SHO Holding I Corp.                                                                                  | CUSIP: N/A<br>LEI: 5493004CRJRC7LVGK330       | Long             | LON              | CORP              | US        |     423926 | PA      | $373054.59    | 0.02%             | 2029-06-30      | Variable      | 6.43%                 | No            |                  3 | On Loan: No      |
| LyondellBasell Industries NV                        | LyondellBasell Industries N.V.                                                                       | CUSIP: N/A<br>LEI: BN6WCCZ8OVP3ITUUVN49       | Long             | EC               | CORP              | US        |        272 | NS      | $15327.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EAGLE POINT HOLDINGS BORROWER LLC                   | Eagle Point Holdings Borrower, LLC                                                                   | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |    -250000 | PA      | $0.00         | 0.00%             | 2028-03-31      | Variable      | 4.75%                 | No            |                  3 | On Loan: No      |
| REINSURANCE GRP OF AMER                             | Reinsurance Group of America, Inc.                                                                   | CUSIP: 759351AP4<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |    1000000 | PA      | $947023.47    | 0.04%             | 2030-06-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| MB2 DENTAL SOLUTIONS LLC                            | MB2 Dental Solutions LLC                                                                             | CUSIP: N/A<br>LEI: 254900HDV9GEHEZLSQ19       | Short            | LON              | CORP              | US        |    -288000 | PA      | $-28029.67    | -0.00%            | 2031-02-13      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| ServiceNow Inc                                      | ServiceNow, Inc.                                                                                     | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |         17 | NS      | $15596.82     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                                 | American Tower Corp.                                                                                 | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |         78 | NS      | $15900.30     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown-Forman Corp                                   | Brown-Forman Corp.                                                                                   | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |        604 | NS      | $18083.76     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPAND ENERGY CORP                                  | Expand Energy Corp.                                                                                  | CUSIP: 845467AR0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    1400000 | PA      | $1402639.00   | 0.07%             | 2029-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                         | Goldman Sachs Swaption Forward Volatility Index                                                      | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DIR              |  | US        |      68228 | NC      | $-141231.63   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Fortinet Inc                                        | Fortinet, Inc.                                                                                       | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |        164 | NS      | $12918.28     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BAUSCH HEALTH COMPANIES INC                         | Bausch Health Companies, Inc.                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | CA        |     150000 | PA      | $147792.00    | 0.01%             | 2030-10-08      | Variable      | 10.57%                | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                             | Goldman Sachs & Co. LLC                                                                              | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Short            | RA               | CORP              | US        |   -1573500 | PA      | $-1573500.00  | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| RECESS HOLDINGS INC                                 | Recess Holdings, Inc.                                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    4838934 | PA      | $4860128.28   | 0.23%             | 2030-02-20      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| STARS JERSEY EQUITYCO LTD                           | Stars UK Bidco Ltd.                                                                                  | CUSIP: N/A<br>LEI: 254900895YN5QBKUD625       | Long             | LON              | CORP              | GB        |    1900000 | PA      | $2221223.82   | 0.10%             | 2029-08-10      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Smurfit WestRock PLC                                | Smurfit WestRock plc                                                                                 | CUSIP: N/A<br>LEI: 635400EGSEOPDW2EXS14       | Long             | EC               | CORP              | US        |        385 | NS      | $18233.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AVISON YOUNG (CANADA) INC                           | Avison Young (Canada), Inc.                                                                          | CUSIP: N/A<br>LEI: 549300JFJVF4I6PSM579       | Long             | LON              | CORP              | CA        |     985258 | PA      | $480313.03    | 0.02%             | 2029-03-12      | Variable      | 6.29%                 | No            |                  2 | On Loan: No      |
| Invesco QQQ Trust Series 1                          | Invesco QQQ Trust Series                                                                             | CUSIP: 46090E103<br>LEI: 549300VY6FEJBCIMET58 | Long             | EC               | RF                | US        |       2216 | NS      | $1264006.40   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc                       | Live Nation Entertainment, Inc.                                                                      | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |        117 | NS      | $19479.33     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ARTISAN NEWCO BV                                    | Artisan Newco B.V.                                                                                   | CUSIP: N/A<br>LEI: 7245009YIYR683H17R35       | Long             | LON              | CORP              | NL        |    3682773 | PA      | $4326816.44   | 0.20%             | 2032-04-01      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| Electronic Arts Inc                                 | Electronic Arts, Inc.                                                                                | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |        113 | NS      | $19430.35     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                              | NextEra Energy Capital Holdings, Inc.                                                                | CUSIP: 65339K837<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | EP               | CORP              | US        |      60600 | NS      | $1527726.00   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                 | Medline Borrower, LP                                                                                 | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    5200000 | PA      | $5149445.08   | 0.24%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SCOTTS MIRACLE-GRO CO                               | Scotts Miracle-Gro Co.                                                                               | CUSIP: 810186AX4<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |    2150000 | PA      | $1978123.20   | 0.09%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                             | Goldman Sachs & Co. LLC                                                                              | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Short            | RA               | CORP              | US        |   -1961214 | PA      | $-1961214.00  | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Becton Dickinson & Co                               | Becton Dickinson & Co.                                                                               | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |         96 | NS      | $18526.08     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Financial Group Inc                       | Principal Financial Group, Inc.                                                                      | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |        218 | NS      | $17551.18     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TLWND 2019-1                                        | GAIA Aviation Ltd.                                                                                   | CUSIP: 87404LAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    2050214 | PA      | $1865571.80   | 0.09%             | 2044-12-15      | Variable      | 5.19%                 | No            |                  2 | On Loan: No      |
| REALPAGE HOLDINGS LLC                               | RealPage, Inc.                                                                                       | CUSIP: N/A<br>LEI: 5493001RSFZX4122A604       | Long             | LON              | CORP              | US        |     500000 | PA      | $499150.00    | 0.02%             | 2028-04-24      | Variable      | 7.56%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                                       | Parkland Corp.                                                                                       | CUSIP: 70137WAL2<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |    2700000 | PA      | $2613450.42   | 0.12%             | 2030-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Datix Bidco Ltd.                                    | Datix Bidco Ltd.                                                                                     | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |   -1180000 | PA      | $-0.01        | -0.00%            | 2031-04-25      | Variable      | 1.00%                 | No            |                  3 | On Loan: No      |
| LEVEL 3 FINANCING INC                               | Level 3 Financing, Inc.                                                                              | CUSIP: 527298CF8<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    1500000 | PA      | $1275000.00   | 0.06%             | 2030-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Aptiv PLC                                           | Aptiv plc                                                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        239 | NS      | $19007.67     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYALTY PHARMA PLC                                  | Royalty Pharma plc                                                                                   | CUSIP: 78081BAM5<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |    2100000 | PA      | $1419935.62   | 0.07%             | 2050-09-02      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL ENTERTAINMENT JJCO 3 LTD              | ATG Entertainment                                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |    3000000 | PA      | $4071509.66   | 0.19%             | 2032-04-19      | Variable      | 8.97%                 | No            |                  2 | On Loan: No      |
| SITECORE HOLDING II A/S                             | Sitecore Holding III A/S                                                                             | CUSIP: N/A<br>LEI: 213800M9GGJ3GNKQOC39       | Long             | LON              | CORP              | DK        |    1614600 | PA      | $1876581.57   | 0.09%             | 2029-03-12      | Variable      | 4.64%                 | No            |                  3 | On Loan: No      |
| Chicago Mercantile Exchange                         | S&P 500 Index Mini Futures Contracts                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       1037 | NC      | $20064991.65  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEPLAPHARM ARZNEIMITTEL                            | Cheplapharm Arzneimittel GmbH                                                                        | CUSIP: 16412EAA5<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |    3063000 | PA      | $2975874.50   | 0.14%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CONFLUENT HEALTH LLC                                | Confluent Health LLC                                                                                 | CUSIP: N/A<br>LEI: 5493000L34O0L3V78785       | Long             | LON              | CORP              | US        |    1967487 | PA      | $1800250.52   | 0.08%             | 2028-11-30      | Variable      | 8.43%                 | No            |                  3 | On Loan: No      |
| FIDELIS INSUR HLD LTD                               | Fidelis Insurance Holdings Ltd.                                                                      | CUSIP: 31575FAC0<br>LEI: 549300CDMGCAGJQ7DX03 | Long             | DBT              | CORP              | BM        |    5000000 | PA      | $5278250.00   | 0.25%             | 2055-06-15      | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                    | Societe Generale                                                                                     | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |   -6189148 | PA      | $-6189148.50  | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| DTE Energy Co                                       | DTE Energy Co.                                                                                       | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |        124 | NS      | $16944.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas                                         | 1-Year/2-Year Interest Rate Swap                                                                     | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | N/A              | DIR              |  | FR        |  -16145000 | NC      | $-37447.68    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CARE BIDCO SAS                                      | Care BidCo                                                                                           | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | FR        |   -1000000 | PA      | $-41733.82    | -0.00%            | 2028-05-04      | Variable      | 0.90%                 | No            |                  3 | On Loan: No      |
| Capital Automotive Reit                             | CARS-DB7, LP                                                                                         | CUSIP: 12510HAT7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3280208 | PA      | $3313406.67   | 0.15%             | 2053-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Brant Point CLO Ltd                                 | Brant Point CLO Ltd.                                                                                 | CUSIP: 10548TAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    3050000 | PA      | $2633548.12   | 0.12%             | 2038-07-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Moderna Inc                                         | Moderna, Inc.                                                                                        | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |        598 | NS      | $14405.82     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FT 1 INC                                            | Targus, Inc.                                                                                         | CUSIP: N/A<br>LEI: 5493002GPK5LQJ7QPJ51       | Long             | EC               | CORP              | US        |      45049 | NS      | $797.05       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Madison Park Funding Ltd                            | Madison Park Funding LXXI Ltd.                                                                       | CUSIP: 558182AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    1500000 | PA      | $1499047.65   | 0.07%             | 2038-04-23      | Floating      | 9.02%                 | No            |                  2 | On Loan: No      |
| Southern Co/The                                     | Southern Co.                                                                                         | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |        187 | NS      | $17260.10     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMMONTANA ITALIA SPA                               | Sammontana Italia SpA                                                                                | CUSIP: N/A<br>LEI: 8156002DFC51B8173A68       | Long             | DBT              | CORP              | IT        |    1200000 | PA      | $1399752.29   | 0.07%             | 2031-10-15      | Variable      | 5.78%                 | No            |                  2 | On Loan: No      |
| BRUNDAGE-BONE CONCRETE                              | Brundage-Bone Concrete Pumping Holdings, Inc.                                                        | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    4650000 | PA      | $4639555.64   | 0.22%             | 2032-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NATIXIS SECURITIES AMERICAS LLC                     | Natixis Securities Americas LLC                                                                      | CUSIP: N/A<br>LEI: 549300L8G1E7ZHVEOG75       | Short            | RA               | CORP              | US        |   -2765058 | PA      | $-2765057.53  | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd                         | Royal Caribbean Cruises Ltd.                                                                         | CUSIP: N/A<br>LEI: K2NEH8QNVW44JIWK7Z55       | Long             | EC               | CORP              | US        |         62 | NS      | $22519.64     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FERTITTA ENTERTAINMENT                              | Fertitta Entertainment LLC / Fertitta Entertainment Finance Company, Inc.                            | CUSIP: 31556TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    4100000 | PA      | $3919397.46   | 0.18%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BXP Inc                                             | BXP, Inc.                                                                                            | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |        229 | NS      | $16604.79     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                                      | Public Storage                                                                                       | CUSIP: 74460W537<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |      16400 | NS      | $274864.00    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ARAMARK SERVICES INC                                | Aramark Services, Inc.                                                                               | CUSIP: 038522AQ1<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |     110000 | PA      | $109191.85    | 0.01%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** Guggenheim Strategic Opportunities Fund

**Signature:** James Howley

**Name of Signer:** James Howley

**Title:** CFO