# EDGAR Filing Document

**Accession Number:** 0000095603
**File Stem:** 0001410368-25-008274
**Filing Date:** 2025-9
**Character Count:** 254256
**Document Hash:** 761e0e1b2ce3843d8dca6e5682c646b6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-008274.hdr.sgml**: 20250923

**ACCESSION NUMBER**: 0001410368-25-008274

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250923

**DATE AS OF CHANGE**: 20250923

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DEUTSCHE DWS MARKET TRUST
- **CENTRAL INDEX KEY:** 0000095603

**ORGANIZATION NAME:**
- **EIN:** 366103490
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01236
- **FILM NUMBER:** 251332226

**BUSINESS ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225
- **BUSINESS PHONE:** 212-454-4500

**MAIL ADDRESS:**
- **STREET 1:** 875 THIRD AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022-6225

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DEUTSCHE MARKET TRUST
- **DATE OF NAME CHANGE:** 20140811

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DWS MARKET TRUST
- **DATE OF NAME CHANGE:** 20110203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DWS BALANCED FUND
- **DATE OF NAME CHANGE:** 20060207

## Series and Classes Contracts Data

### DWS Global Income Builder Fund (Series ID: S000006138)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000016894 | Class A             | KTRAX           |
| C000016897 | Class C             | KTRCX           |
| C000016899 | Class S             | KTRSX           |
| C000016900 | Institutional Class | KTRIX           |
| C000148117 | Class R6            | KTRZX           |

## Nport-Ex

Investment Portfolio**as of July 31, 2025 (Unaudited)** 

**DWS Global Income Builder Fund** 

---

| | | |
|:---|:---|:---|
|  | **Shares**  | **Value ($)** |
| **Common Stocks 33.0%** | **Common Stocks 33.0%** |  |
| **Communication Services 2.8%** | **Communication Services 2.8%** |  |
| **Diversified Telecommunication Services 0.0%** | **Diversified Telecommunication Services 0.0%** |  |
| Singapore Telecommunications Ltd. | 36500 | &nbsp;&nbsp; **108867** |
| **Entertainment 0.3%** | **Entertainment 0.3%** |  |
| NetEase, Inc. (ADR)  | 1000 | &nbsp;&nbsp; 130300 |
| Netflix, Inc.\*  | 1373 | &nbsp;&nbsp; 1591856 |
|  |  | &nbsp;&nbsp; **1722156** |
| **Interactive Media & Services 2.0%** | **Interactive Media & Services 2.0%** |  |
| Alphabet, Inc. "A"  | 17017 | &nbsp;&nbsp; 3265562 |
| Alphabet, Inc. "C"  | 14429 | &nbsp;&nbsp; 2782777 |
| Tencent Holdings Ltd. (ADR)  | 80700 | &nbsp;&nbsp; 5654649 |
|  |  | &nbsp;&nbsp; **11702988** |
| **Media 0.5%** | **Media 0.5%** |  |
| Charter Communications, Inc. "A"\* | 9484 | &nbsp;&nbsp; **2554610** |
| **Consumer Discretionary 3.5%** | **Consumer Discretionary 3.5%** |  |
| **Automobile Components 0.8%** | **Automobile Components 0.8%** |  |
| Cie Generale des Etablissements Michelin SCA  | 27591 | &nbsp;&nbsp; 978031 |
| Denso Corp.  | 251700 | &nbsp;&nbsp; 3409233 |
|  |  | &nbsp;&nbsp; **4387264** |
| **Automobiles 1.1%** | **Automobiles 1.1%** |  |
| BYD Co., Ltd. (ADR)  | 30600 | &nbsp;&nbsp; 448290 |
| Ferrari NV  | 2480 | &nbsp;&nbsp; 1078632 |
| Mahindra & Mahindra Ltd. (GDR) REG S  | 139833 | &nbsp;&nbsp; 5047971 |
|  |  | &nbsp;&nbsp; **6574893** |
| **Broadline Retail 0.3%** | **Broadline Retail 0.3%** |  |
| MercadoLibre, Inc.\*  | 214 | &nbsp;&nbsp; 508013 |
| Next PLC  | 3719 | &nbsp;&nbsp; 604251 |
| Prosus NV  | 14373 | &nbsp;&nbsp; 821465 |
|  |  | &nbsp;&nbsp; **1933729** |
| **Hotels, Restaurants & Leisure 0.7%** | **Hotels, Restaurants & Leisure 0.7%** |  |
| Booking Holdings, Inc.  | 218 | &nbsp;&nbsp; 1199885 |
| Carnival Corp.\*  | 45700 | &nbsp;&nbsp; 1360489 |
| Restaurant Brands International, Inc.  | 21000 | &nbsp;&nbsp; 1424957 |
|  |  | &nbsp;&nbsp; **3985331** |
| **Specialty Retail 0.5%** | **Specialty Retail 0.5%** |  |
| Ulta Beauty, Inc.\* | 5800 | &nbsp;&nbsp; **2987058** |
| **Textiles, Apparel & Luxury Goods 0.1%** | **Textiles, Apparel & Luxury Goods 0.1%** |  |
| Hermes International SCA | 85 | &nbsp;&nbsp; **207293** |

---

------

---

| | | |
|:---|:---|:---|
| **Consumer Staples 1.8%** | **Consumer Staples 1.8%** |  |
| **Beverages 0.2%** | **Beverages 0.2%** |  |
| Anheuser-Busch InBev SA  | 4228 | &nbsp;&nbsp; 243840 |
| Heineken NV  | 11851 | &nbsp;&nbsp; 930492 |
|  |  | &nbsp;&nbsp; **1174332** |
| **Consumer Staples Distribution & Retail 0.9%** | **Consumer Staples Distribution & Retail 0.9%** |  |
| Costco Wholesale Corp. | 5355 | &nbsp;&nbsp; **5031772** |
| **Food Products 0.2%** | **Food Products 0.2%** |  |
| Ajinomoto Co., Inc.  | 3600 | &nbsp;&nbsp; 94878 |
| Kerry Group PLC "A"  | 1317 | &nbsp;&nbsp; 121679 |
| Nestle SA (Registered)  | 1151 | &nbsp;&nbsp; 100492 |
| Tyson Foods, Inc. "A"  | 20100 | &nbsp;&nbsp; 1051230 |
|  |  | &nbsp;&nbsp; **1368279** |
| **Personal Care Products 0.0%** | **Personal Care Products 0.0%** |  |
| Unilever PLC | 4326 | &nbsp;&nbsp; **250505** |
| **Tobacco 0.5%** | **Tobacco 0.5%** |  |
| Japan Tobacco, Inc. | 97400 | &nbsp;&nbsp; **2783930** |
| **Energy 1.1%** | **Energy 1.1%** |  |
| **Oil, Gas & Consumable Fuels 1.1%** | **Oil, Gas & Consumable Fuels 1.1%** |  |
| EQT Corp.  | 11000 | &nbsp;&nbsp; 591250 |
| Expand Energy Corp.  | 57200 | &nbsp;&nbsp; 5993416 |
|  |  | &nbsp;&nbsp; **6584666** |
| **Financials 5.9%** | **Financials 5.9%** |  |
| **Banks 1.8%** | **Banks 1.8%** |  |
| Bank Hapoalim BM  | 24681 | &nbsp;&nbsp; 463443 |
| Bank of Montreal  | 1100 | &nbsp;&nbsp; 121416 |
| Canadian Imperial Bank of Commerce  | 43900 | &nbsp;&nbsp; 3137570 |
| DBS Group Holdings Ltd.  | 19200 | &nbsp;&nbsp; 706203 |
| DNB Bank ASA  | 9664 | &nbsp;&nbsp; 244763 |
| Erste Group Bank AG  | 1165 | &nbsp;&nbsp; 106484 |
| ICICI Bank Ltd. (ADR)  | 49784 | &nbsp;&nbsp; 1677721 |
| Itau Unibanco Holding SA (ADR) (Preferred)  | 136500 | &nbsp;&nbsp; 855855 |
| KBC Group NV  | 1430 | &nbsp;&nbsp; 149051 |
| Shinhan Financial Group Co., Ltd. (ADR)  | 33900 | &nbsp;&nbsp; 1650930 |
| Skandinaviska Enskilda Banken AB "A"  | 90135 | &nbsp;&nbsp; 1572901 |
|  |  | &nbsp;&nbsp; **10686337** |
| **Capital Markets 0.6%** | **Capital Markets 0.6%** |  |
| 3i Group PLC  | 46845 | &nbsp;&nbsp; 2560999 |
| Hong Kong Exchanges & Clearing Ltd.  | 16700 | &nbsp;&nbsp; 903966 |
|  |  | &nbsp;&nbsp; **3464965** |
| **Consumer Finance 1.1%** | **Consumer Finance 1.1%** |  |
| American Express Co.  | 5080 | &nbsp;&nbsp; 1520495 |
| Capital One Financial Corp.  | 5780 | &nbsp;&nbsp; 1242700 |
| Synchrony Financial  | 50692 | &nbsp;&nbsp; 3531711 |
|  |  | &nbsp;&nbsp; **6294906** |
| **Financial Services 0.1%** | **Financial Services 0.1%** |  |
| PayPal Holdings, Inc.\* | 5100 | &nbsp;&nbsp; **350676** |
| **Insurance 2.3%** | **Insurance 2.3%** |  |
| Hannover Rueck SE  | 4794 | &nbsp;&nbsp; 1454546 |

---

------

---

| | | |
|:---|:---|:---|
| Progressive Corp.  | 36110 | &nbsp;&nbsp; 8740064 |
| QBE Insurance Group Ltd.  | 183699 | &nbsp;&nbsp; 2722338 |
| Swiss Re AG  | 3128 | &nbsp;&nbsp; 560502 |
|  |  | &nbsp;&nbsp; **13477450** |
| **Health Care 2.8%** | **Health Care 2.8%** |  |
| **Health Care Equipment & Supplies 0.4%** | **Health Care Equipment & Supplies 0.4%** |  |
| Dexcom, Inc.\*  | 7800 | &nbsp;&nbsp; 630006 |
| IDEXX Laboratories, Inc.\*  | 3000 | &nbsp;&nbsp; 1602930 |
|  |  | &nbsp;&nbsp; **2232936** |
| **Pharmaceuticals 2.4%** | **Pharmaceuticals 2.4%** |  |
| Daiichi Sankyo Co., Ltd.  | 59900 | &nbsp;&nbsp; 1470189 |
| Eli Lilly & Co.  | 1804 | &nbsp;&nbsp; 1335086 |
| GSK PLC  | 104380 | &nbsp;&nbsp; 1919057 |
| Novartis AG (Registered)  | 30254 | &nbsp;&nbsp; 3439118 |
| Novo Nordisk A/S "B"  | 14554 | &nbsp;&nbsp; 678747 |
| Pfizer, Inc.  | 219210 | &nbsp;&nbsp; 5105401 |
|  |  | &nbsp;&nbsp; **13947598** |
| **Industrials 3.4%** | **Industrials 3.4%** |  |
| **Aerospace & Defense 1.8%** | **Aerospace & Defense 1.8%** |  |
| Airbus SE  | 17111 | &nbsp;&nbsp; 3426699 |
| Lockheed Martin Corp.  | 11000 | &nbsp;&nbsp; 4630780 |
| Rheinmetall AG  | 1254 | &nbsp;&nbsp; 2483326 |
|  |  | &nbsp;&nbsp; **10540805** |
| **Building Products 0.7%** | **Building Products 0.7%** |  |
| Carlisle Companies, Inc.  | 1000 | &nbsp;&nbsp; 354710 |
| Trane Technologies PLC  | 8549 | &nbsp;&nbsp; 3745146 |
|  |  | &nbsp;&nbsp; **4099856** |
| **Construction & Engineering 0.2%** | **Construction & Engineering 0.2%** |  |
| Ferrovial SE | 26879 | &nbsp;&nbsp; **1373410** |
| **Ground Transportation 0.1%** | **Ground Transportation 0.1%** |  |
| Canadian National Railway Co. | 8800 | &nbsp;&nbsp; **821697** |
| **Machinery 0.5%** | **Machinery 0.5%** |  |
| Dover Corp.  | 11900 | &nbsp;&nbsp; 2155566 |
| Kone Oyj "B"  | 7182 | &nbsp;&nbsp; 440096 |
|  |  | &nbsp;&nbsp; **2595662** |
| **Passenger Airlines 0.0%** | **Passenger Airlines 0.0%** |  |
| Ryanair Holdings PLC | 3371 | &nbsp;&nbsp; **99373** |
| **Professional Services 0.1%** | **Professional Services 0.1%** |  |
| Recruit Holdings Co., Ltd. | 4300 | &nbsp;&nbsp; **254836** |
| **Information Technology 9.0%** | **Information Technology 9.0%** |  |
| **Communications Equipment 0.6%** | **Communications Equipment 0.6%** |  |
| Arista Networks, Inc.\* | 29128 | &nbsp;&nbsp; **3589152** |
| **Electronic Equipment, Instruments & Components 1.5%** | **Electronic Equipment, Instruments & Components 1.5%** |  |
| Amphenol Corp. "A" | 81525 | &nbsp;&nbsp; **8683228** |
| **IT Services 0.1%** | **IT Services 0.1%** |  |
| Cognizant Technology Solutions Corp. "A" | 5500 | &nbsp;&nbsp; **394680** |

---

------

---

| | | |
|:---|:---|:---|
| **Semiconductors & Semiconductor Equipment 4.7%** | **Semiconductors & Semiconductor Equipment 4.7%** |  |
| ASML Holding NV  | 220 | &nbsp;&nbsp; 152294 |
| Broadcom, Inc.  | 27690 | &nbsp;&nbsp; 8132553 |
| Lam Research Corp.  | 5300 | &nbsp;&nbsp; 502652 |
| Microchip Technology, Inc.  | 75300 | &nbsp;&nbsp; 5089527 |
| NVIDIA Corp.  | 40199 | &nbsp;&nbsp; 7150196 |
| QUALCOMM, Inc.  | 15285 | &nbsp;&nbsp; 2243227 |
| Tokyo Electron Ltd.  | 23800 | &nbsp;&nbsp; 4253615 |
|  |  | &nbsp;&nbsp; **27524064** |
| **Software 1.9%** | **Software 1.9%** |  |
| Adobe, Inc.\*  | 6206 | &nbsp;&nbsp; 2219824 |
| Autodesk, Inc.\*  | 12518 | &nbsp;&nbsp; 3794331 |
| Microsoft Corp.  | 9709 | &nbsp;&nbsp; 5179752 |
|  |  | &nbsp;&nbsp; **11193907** |
| **Technology Hardware, Storage & Peripherals 0.2%** | **Technology Hardware, Storage & Peripherals 0.2%** |  |
| Samsung Electronics Co., Ltd. (GDR) REG S  | 441 | &nbsp;&nbsp; 554337 |
| Samsung Electronics Co., Ltd. (GDR) (Preferred) REG S  | 336 | &nbsp;&nbsp; 339360 |
|  |  | &nbsp;&nbsp; **893697** |
| **Materials 1.2%** | **Materials 1.2%** |  |
| **Metals & Mining 1.2%** | **Metals & Mining 1.2%** |  |
| Gold Fields Ltd. (ADR)  | 28487 | &nbsp;&nbsp; 693943 |
| Nucor Corp.  | 45700 | &nbsp;&nbsp; 6538299 |
|  |  | &nbsp;&nbsp; **7232242** |
| **Real Estate 0.6%** | **Real Estate 0.6%** |  |
| **Industrial REITs 0.0%** | **Industrial REITs 0.0%** |  |
| Goodman Group  | 11213 | &nbsp;&nbsp; **251043** |
| **Real Estate Management & Development 0.2%** | **Real Estate Management & Development 0.2%** |  |
| Daiwa House Industry Co., Ltd.  | 19500 | &nbsp;&nbsp; 645094 |
| Mitsui Fudosan Co., Ltd.  | 26700 | &nbsp;&nbsp; 239043 |
|  |  | &nbsp;&nbsp; **884137** |
| **Specialized REITs 0.4%** | **Specialized REITs 0.4%** |  |
| Equinix, Inc.  | 2800 | &nbsp;&nbsp; 2198476 |
| Public Storage  | 1400 | &nbsp;&nbsp; 380716 |
|  |  | &nbsp;&nbsp; **2579192** |
| **Utilities 0.9%** | **Utilities 0.9%** |  |
| **Electric Utilities 0.7%** | **Electric Utilities 0.7%** |  |
| Edison International  | 10400 | &nbsp;&nbsp; 542048 |
| Enel SpA  | 17568 | &nbsp;&nbsp; 155065 |
| NRG Energy, Inc.  | 20097 | &nbsp;&nbsp; 3360218 |
|  |  | &nbsp;&nbsp; **4057331** |
| **Multi-Utilities 0.2%** | **Multi-Utilities 0.2%** |  |
| E.ON SE  | 18332 | &nbsp;&nbsp; 334434 |
| National Grid PLC  | 55090 | &nbsp;&nbsp; 771596 |
|  |  | &nbsp;&nbsp; **1106030** |
| **Total Common Stocks** (Cost $174,062,964) | **Total Common Stocks** (Cost $174,062,964) | &nbsp;&nbsp; **191986883** |

---

------

---

| | | |
|:---|:---|:---|
| **Preferred Stocks 2.7%** | **Preferred Stocks 2.7%** |  |
| **Communication Services 0.4%** | **Communication Services 0.4%** |  |
| AT&T, Inc., 5.35%  | 100000 | &nbsp;&nbsp; **2318000** |
| **Financials 1.9%** | **Financials 1.9%** |  |
| &nbsp;&nbsp;&nbsp; AGNC Investment Corp., Series C (REIT), 3 mo. USD Term SOFR + 5.373%, <br> 9.673% (a)<br>| 64439 | &nbsp;&nbsp; 1667681 |
| Charles Schwab Corp., Series D, 5.95%  | 75000 | &nbsp;&nbsp; 1874250 |
| Fifth Third Bancorp., Series I, 3 mo. USD Term SOFR + 3.972%, 8.267% (a) | 75000 | &nbsp;&nbsp; 1917000 |
| KeyCorp., Series E, 6.125%  | 75000 | &nbsp;&nbsp; 1872000 |
| Morgan Stanley, Series K, 5.85%  | 75000 | &nbsp;&nbsp; 1786500 |
| Wells Fargo & Co., Series A, 5.625%  | 75000 | &nbsp;&nbsp; 1794000 |
|  |  | &nbsp;&nbsp; **10911431** |
| **Real Estate 0.4%** | **Real Estate 0.4%** |  |
| Kimco Realty Corp., Series L (REIT), 5.125%  | 75000 | &nbsp;&nbsp; 1533750 |
| Prologis, Inc., Series Q (REIT), 8.54%  | 236 | &nbsp;&nbsp; 12859 |
| Simon Property Group, Inc., Series A (REIT), 8.375%  | 17000 | &nbsp;&nbsp; 942140 |
|  |  | &nbsp;&nbsp; **2488749** |
| **Total Preferred Stocks** (Cost $17,760,928) | **Total Preferred Stocks** (Cost $17,760,928) | &nbsp;&nbsp; **15718180** |
| **Rights 0.0%** | **Rights 0.0%** |  |
| **Health Care**  | **Health Care**  |  |
| Contra Abiomed, Inc.,\* (b) (Cost $1,122) | 1100 | &nbsp;&nbsp; **1122** |
| **Warrants 0.0%** | **Warrants 0.0%** |  |
| **Materials**  | **Materials**  |  |
| Hercules Trust II, Expiration Date 3/31/2029\* (b) (Cost $90,210) | 506 | &nbsp;&nbsp; **838** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Principal** <br>**Amount ($) (c)**<br>| **Value ($)** |
| **Corporate Bonds 25.0%** | **Corporate Bonds 25.0%** |  |
| **Communication Services 1.3%** | **Communication Services 1.3%** |  |
| AT&T, Inc., 3.55%, 9/15/2055 | 570000 | &nbsp;&nbsp; 382164 |
| CCO Holdings LLC, 144A, 5.125%, 5/1/2027 | 990000 | &nbsp;&nbsp; 981895 |
| Charter Communications Operating LLC: |  |  |
| &nbsp;&nbsp;&nbsp; 6.1%, 6/1/2029  | 720000 | &nbsp;&nbsp; 751074 |
| &nbsp;&nbsp;&nbsp; 6.384%, 10/23/2035  | 400000 | &nbsp;&nbsp; 413522 |
| Comcast Corp., 5.5%, 5/15/2064 | 400000 | &nbsp;&nbsp; 368503 |
| Paramount Global: |  |  |
| &nbsp;&nbsp;&nbsp; 4.2%, 6/1/2029  | 1050000 | &nbsp;&nbsp; 1021662 |
| &nbsp;&nbsp;&nbsp; 4.6%, 1/15/2045  | 320000 | &nbsp;&nbsp; 244328 |
| &nbsp;&nbsp;&nbsp; 4.95%, 1/15/2031  | 850000 | &nbsp;&nbsp; 828892 |
| T-Mobile U.S.A., Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 4.375%, 4/15/2040  | 335000 | &nbsp;&nbsp; 295962 |
| &nbsp;&nbsp;&nbsp; 6.0%, 6/15/2054  | 460000 | &nbsp;&nbsp; 464999 |
| Videotron Ltd., 144A, 5.7%, 1/15/2035 | 930000 | &nbsp;&nbsp; 933230 |
| Warnermedia Holdings, Inc., 4.279%, 3/15/2032 | 755000 | &nbsp;&nbsp; 634004 |
|  |  | &nbsp;&nbsp; **7320235** |

---

------

---

| | | |
|:---|:---|:---|
| **Consumer Discretionary 1.3%** | **Consumer Discretionary 1.3%** |  |
| Ford Motor Credit Co. LLC: |  |  |
| &nbsp;&nbsp;&nbsp; 4.125%, 8/17/2027  | 635000 | &nbsp;&nbsp; 618640 |
| &nbsp;&nbsp;&nbsp; 6.5%, 2/7/2035  | 940000 | &nbsp;&nbsp; 937431 |
| &nbsp;&nbsp;&nbsp; 6.798%, 11/7/2028  | 350000 | &nbsp;&nbsp; 362206 |
| General Motors Co.: |  |  |
| &nbsp;&nbsp;&nbsp; 5.625%, 4/15/2030  | 1150000 | &nbsp;&nbsp; 1179646 |
| &nbsp;&nbsp;&nbsp; 6.25%, 4/15/2035  | 580000 | &nbsp;&nbsp; 599644 |
| Las Vegas Sands Corp., 5.625%, 6/15/2028 | 645000 | &nbsp;&nbsp; 655265 |
| Lowe's Companies, Inc., 5.625%, 4/15/2053 | 300000 | &nbsp;&nbsp; 286827 |
| Marriott International, Inc., 5.5%, 4/15/2037 | 1140000 | &nbsp;&nbsp; 1138119 |
| Mattel, Inc., 144A, 5.875%, 12/15/2027 | 1700000 | &nbsp;&nbsp; 1703951 |
|  |  | &nbsp;&nbsp; **7481729** |
| **Consumer Staples 0.6%** | **Consumer Staples 0.6%** |  |
| Bunge Ltd. Finance Corp., 144A, 5.25%, 4/21/2032 | 700000 | &nbsp;&nbsp; 706379 |
| JBS USA Holding Lux SARL, 6.75%, 3/15/2034 | 1087000 | &nbsp;&nbsp; 1183219 |
| Mars, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 5.2%, 3/1/2035  | 989000 | &nbsp;&nbsp; 993735 |
| &nbsp;&nbsp;&nbsp; 144A, 5.7%, 5/1/2055  | 579000 | &nbsp;&nbsp; 571325 |
|  |  | &nbsp;&nbsp; **3454658** |
| **Energy 4.9%** | **Energy 4.9%** |  |
| BP Capital Markets PLC, 6.125%, Perpetual | 2425000 | &nbsp;&nbsp; 2432055 |
| Buckeye Partners LP, 144A, 6.75%, 2/1/2030 | 2700000 | &nbsp;&nbsp; 2795183 |
| Cheniere Energy, Inc., 4.625%, 10/15/2028 | 1765000 | &nbsp;&nbsp; 1755562 |
| Columbia Pipelines Holding Co. LLC, 144A, 5.681%, 1/15/2034 | 550000 | &nbsp;&nbsp; 557816 |
| DT Midstream, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 4.125%, 6/15/2029  | 2000000 | &nbsp;&nbsp; 1926119 |
| &nbsp;&nbsp;&nbsp; 144A, 5.8%, 12/15/2034  | 437000 | &nbsp;&nbsp; 444511 |
| Ecopetrol SA, 7.75%, 2/1/2032 | 1700000 | &nbsp;&nbsp; 1692817 |
| Energy Transfer LP: |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 6.625%, Perpetual  | 735000 | &nbsp;&nbsp; 731177 |
| &nbsp;&nbsp;&nbsp; 7.125%, 10/1/2054 (d) | 700000 | &nbsp;&nbsp; 717791 |
| &nbsp;&nbsp;&nbsp; 144A, 7.375%, 2/1/2031  | 500000 | &nbsp;&nbsp; 522971 |
| &nbsp;&nbsp;&nbsp; 8.0%, 5/15/2054  | 825000 | &nbsp;&nbsp; 878860 |
| EQT Corp., 5.75%, 2/1/2034 | 1235000 | &nbsp;&nbsp; 1269961 |
| Expand Energy Corp., 5.375%, 2/1/2029 | 1080000 | &nbsp;&nbsp; 1081173 |
| HF Sinclair Corp., 5.75%, 1/15/2031 | 837000 | &nbsp;&nbsp; 856711 |
| Kinetik Holdings LP, 144A, 6.625%, 12/15/2028 | 894000 | &nbsp;&nbsp; 914305 |
| NuStar Logistics LP, 6.375%, 10/1/2030 | 3045000 | &nbsp;&nbsp; 3136944 |
| Occidental Petroleum Corp., 8.875%, 7/15/2030 | 1700000 | &nbsp;&nbsp; 1937539 |
| ONEOK, Inc., 144A, 6.5%, 9/1/2030 | 1550000 | &nbsp;&nbsp; 1653807 |
| Saudi Arabian Oil Co.: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 5.75%, 7/17/2054  | 573000 | &nbsp;&nbsp; 538496 |
| &nbsp;&nbsp;&nbsp; 144A, 6.375%, 6/2/2055  | 1105000 | &nbsp;&nbsp; 1120690 |
| Targa Resources Partners LP, 5.0%, 1/15/2028 | 1000000 | &nbsp;&nbsp; 998702 |
| Western Midstream Operating LP, 5.45%, 11/15/2034 | 525000 | &nbsp;&nbsp; 514729 |
|  |  | &nbsp;&nbsp; **28477919** |
| **Financials 8.9%** | **Financials 8.9%** |  |
| Acrisure LLC, 144A, 6.75%, 7/1/2032 | 1714000 | &nbsp;&nbsp; 1735423 |
| AerCap Ireland Capital DAC, 6.95%, 3/10/2055 | 1000000 | &nbsp;&nbsp; 1046201 |

---

------

---

| | | |
|:---|:---|:---|
| Aircastle Ltd.: |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 144A, 5.25%, Perpetual  | 690000 | &nbsp;&nbsp; 685225 |
| &nbsp;&nbsp;&nbsp; 144A, 5.75%, 10/1/2031  | 593000 | &nbsp;&nbsp; 608578 |
| &nbsp;&nbsp;&nbsp; 144A, 6.5%, 7/18/2028  | 530000 | &nbsp;&nbsp; 553723 |
| Banco Santander SA, 6.033%, 1/17/2035 | 400000 | &nbsp;&nbsp; 421026 |
| Bank of Montreal, Series 6, 6.875%, 11/26/2085 | 500000 | &nbsp;&nbsp; 501000 |
| Beacon Funding Trust, 144A, 6.266%, 8/15/2054 | 770000 | &nbsp;&nbsp; 761877 |
| BGC Group, Inc., 144A, 6.15%, 4/2/2030 | 1107000 | &nbsp;&nbsp; 1120016 |
| Blackstone Private Credit Fund: |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 4/1/2030  | 1800000 | &nbsp;&nbsp; 1782485 |
| &nbsp;&nbsp;&nbsp; 5.6%, 11/22/2029  | 1100000 | &nbsp;&nbsp; 1108204 |
| &nbsp;&nbsp;&nbsp; 6.0%, 11/22/2034  | 850000 | &nbsp;&nbsp; 844469 |
| BNP Paribas SA, 144A, 8.5%, Perpetual (d) | 1020000 | &nbsp;&nbsp; 1087609 |
| Canadian Imperial Bank of Commerce, 6.95%, 1/28/2085 | 2000000 | &nbsp;&nbsp; 2010753 |
| Capital One Financial Corp., Series M, 3.95%, Perpetual | 1520000 | &nbsp;&nbsp; 1482980 |
| Charles Schwab Corp.: |  |  |
| &nbsp;&nbsp;&nbsp; Series I, 4.0%, Perpetual  | 1000000 | &nbsp;&nbsp; 985757 |
| &nbsp;&nbsp;&nbsp; Series F, 5.0%, Perpetual (d) | 2400000 | &nbsp;&nbsp; 2353970 |
| Citigroup, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 6.02%, 1/24/2036  | 950000 | &nbsp;&nbsp; 973590 |
| &nbsp;&nbsp;&nbsp; Series EE, 6.75%, Perpetual  | 800000 | &nbsp;&nbsp; 803382 |
| &nbsp;&nbsp;&nbsp; Series FF, 6.95%, Perpetual  | 800000 | &nbsp;&nbsp; 806482 |
| Corebridge Financial, Inc., 5.75%, 1/15/2034 | 700000 | &nbsp;&nbsp; 726517 |
| HSBC Holdings PLC: |  |  |
| &nbsp;&nbsp;&nbsp; 5.874%, 11/18/2035  | 570000 | &nbsp;&nbsp; 578482 |
| &nbsp;&nbsp;&nbsp; 6.95%, Perpetual (d) | 1950000 | &nbsp;&nbsp; 1993456 |
| JPMorgan Chase & Co.: |  |  |
| &nbsp;&nbsp;&nbsp; Series OO, 6.5%, Perpetual  | 1491000 | &nbsp;&nbsp; 1528400 |
| &nbsp;&nbsp;&nbsp; 6.875%, Perpetual  | 2000000 | &nbsp;&nbsp; 2090346 |
| M&T Bank Corp., 5.385%, 1/16/2036 | 1145000 | &nbsp;&nbsp; 1140843 |
| MDGH GMTN RSC Ltd., REG S, 3.7%, 11/7/2049 | 245000 | &nbsp;&nbsp; 180811 |
| Morgan Stanley, 5.664%, 4/17/2036 | 800000 | &nbsp;&nbsp; 825106 |
| Navient Corp., 5.5%, 3/15/2029 (d) | 1715000 | &nbsp;&nbsp; 1677693 |
| Nippon Life Insurance Co., 144A, 2.75%, 1/21/2051 | 700000 | &nbsp;&nbsp; 617831 |
| Nordea Bank Abp, 144A, 6.3%, Perpetual (d) | 1700000 | &nbsp;&nbsp; 1685896 |
| Royal Bank of Canada, 6.35%, 11/24/2084 | 3500000 | &nbsp;&nbsp; 3335019 |
| Societe Generale SA: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 5.512%, 5/22/2031  | 1260000 | &nbsp;&nbsp; 1285072 |
| &nbsp;&nbsp;&nbsp; 144A, 6.221%, 6/15/2033 (d) | 1275000 | &nbsp;&nbsp; 1321143 |
| State Street Corp., Series K, 6.45%, Perpetual | 1491000 | &nbsp;&nbsp; 1514980 |
| Sumitomo Mitsui Financial Group, Inc., 6.45%, Perpetual | 2100000 | &nbsp;&nbsp; 2085231 |
| Synchrony Bank, 5.625%, 8/23/2027 | 250000 | &nbsp;&nbsp; 254178 |
| Synchrony Financial, 5.45%, 3/6/2031 | 1030000 | &nbsp;&nbsp; 1037165 |
| The Goldman Sachs Group, Inc., Series Y, 6.125%, Perpetual (d) | 1385000 | &nbsp;&nbsp; 1369572 |
| Truist Financial Corp., Series N, 6.669%, Perpetual | 2000000 | &nbsp;&nbsp; 1998701 |
| U.S. Bancorp, 5.678%, 1/23/2035 | 1010000 | &nbsp;&nbsp; 1046628 |
| UBS Group AG, 144A, 4.375%, Perpetual (d) | 743000 | &nbsp;&nbsp; 665917 |
| Wells Fargo & Co., 6.85%, Perpetual | 1250000 | &nbsp;&nbsp; 1294776 |
|  |  | &nbsp;&nbsp; **51926513** |
| **Health Care 0.3%** | **Health Care 0.3%** |  |
| Charles River Laboratories International, Inc., 144A, 3.75%, 3/15/2029 | 830000 | &nbsp;&nbsp; 781871 |
| CVS Health Corp., 6.75%, 12/10/2054 | 1120000 | &nbsp;&nbsp; 1120927 |
|  |  | &nbsp;&nbsp; **1902798** |
| **Industrials 2.4%** | **Industrials 2.4%** |  |
| American Airlines, Inc., 144A, 5.5%, 4/20/2026 | 155000 | &nbsp;&nbsp; 154859 |
| BNSF Funding Trust I, 6.613%, 12/15/2055 | 1500000 | &nbsp;&nbsp; 1507157 |

---

------

---

| | | |
|:---|:---|:---|
| Boeing Co.: |  |  |
| &nbsp;&nbsp;&nbsp; 6.259%, 5/1/2027  | 770000 | &nbsp;&nbsp; 789661 |
| &nbsp;&nbsp;&nbsp; 6.858%, 5/1/2054  | 1200000 | &nbsp;&nbsp; 1318996 |
| Delta Air Lines, Inc., 3.75%, 10/28/2029 | 865000 | &nbsp;&nbsp; 827940 |
| Empresa de los Ferrocarriles del Estado, 144A, 3.068%, 8/18/2050 | 239000 | &nbsp;&nbsp; 139516 |
| Keysight Technologies, Inc., 5.35%, 7/30/2030 | 1427000 | &nbsp;&nbsp; 1467540 |
| Paychex, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 5.1%, 4/15/2030  | 424000 | &nbsp;&nbsp; 433192 |
| &nbsp;&nbsp;&nbsp; 5.35%, 4/15/2032  | 1161000 | &nbsp;&nbsp; 1190063 |
| &nbsp;&nbsp;&nbsp; 5.6%, 4/15/2035  | 999000 | &nbsp;&nbsp; 1026639 |
| RTX Corp., 6.4%, 3/15/2054 | 700000 | &nbsp;&nbsp; 762331 |
| Stanley Black & Decker, Inc., 5 yr. CMT + 2.657%, 6.707% (a), 3/15/2060 | 2500000 | &nbsp;&nbsp; 2432908 |
| United Airlines Pass-Through Trust, "A", Series 2023-1, 5.8%, 7/15/2037 | 1306159 | &nbsp;&nbsp; 1331640 |
| United Rentals North America, Inc., 144A, 6.0%, 12/15/2029 | 620000 | &nbsp;&nbsp; 631099 |
|  |  | &nbsp;&nbsp; **14013541** |
| **Information Technology 0.7%** | **Information Technology 0.7%** |  |
| AppLovin Corp., 5.95%, 12/1/2054 | 397000 | &nbsp;&nbsp; 386822 |
| Broadcom, Inc., 144A, 2.6%, 2/15/2033 | 350000 | &nbsp;&nbsp; 299391 |
| Foundry JV Holdco LLC, 144A, 6.1%, 1/25/2036 | 668000 | &nbsp;&nbsp; 682662 |
| HP, Inc., 6.1%, 4/25/2035 | 1005000 | &nbsp;&nbsp; 1041915 |
| Oracle Corp.: |  |  |
| &nbsp;&nbsp;&nbsp; 5.375%, 9/27/2054  | 1310000 | &nbsp;&nbsp; 1179936 |
| &nbsp;&nbsp;&nbsp; 5.5%, 9/27/2064  | 400000 | &nbsp;&nbsp; 357387 |
|  |  | &nbsp;&nbsp; **3948113** |
| **Materials 0.9%** | **Materials 0.9%** |  |
| Celanese U.S. Holdings LLC: |  |  |
| &nbsp;&nbsp;&nbsp; 6.665%, 7/15/2027  | 350000 | &nbsp;&nbsp; 358691 |
| &nbsp;&nbsp;&nbsp; 6.85%, 11/15/2028  | 270000 | &nbsp;&nbsp; 281077 |
| Chemours Co., 5.375%, 5/15/2027 | 2855000 | &nbsp;&nbsp; 2796869 |
| Corp. Nacional del Cobre de Chile: |  |  |
| &nbsp;&nbsp;&nbsp; 144A, 5.95%, 1/8/2034  | 620000 | &nbsp;&nbsp; 633473 |
| &nbsp;&nbsp;&nbsp; 144A, 6.78%, 1/13/2055  | 416000 | &nbsp;&nbsp; 427024 |
| Olin Corp., 5.0%, 2/1/2030 | 1050000 | &nbsp;&nbsp; 1005630 |
|  |  | &nbsp;&nbsp; **5502764** |
| **Real Estate 0.7%** | **Real Estate 0.7%** |  |
| CBRE Services, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 4.8%, 6/15/2030  | 694000 | &nbsp;&nbsp; 697962 |
| &nbsp;&nbsp;&nbsp; 5.5%, 6/15/2035  | 453000 | &nbsp;&nbsp; 457348 |
| Iron Mountain, Inc., 144A, (REIT), 6.25%, 1/15/2033 | 2800000 | &nbsp;&nbsp; 2847818 |
|  |  | &nbsp;&nbsp; **4003128** |
| **Utilities 3.0%** | **Utilities 3.0%** |  |
| CMS Energy Corp., 3.75%, 12/1/2050 | 1900000 | &nbsp;&nbsp; 1708017 |
| Dominion Energy, Inc., 6.625%, 5/15/2055 | 1400000 | &nbsp;&nbsp; 1434549 |
| Edison International, 5.25%, 3/15/2032 | 764000 | &nbsp;&nbsp; 731957 |
| Entergy Arkansas LLC, 5.75%, 6/1/2054 | 810000 | &nbsp;&nbsp; 806704 |
| Exelon Corp., 6.5%, 3/15/2055 | 533000 | &nbsp;&nbsp; 544633 |
| Nevada Power Co., 6.0%, 3/15/2054 | 510000 | &nbsp;&nbsp; 512650 |
| NextEra Energy Capital Holdings, Inc.: |  |  |
| &nbsp;&nbsp;&nbsp; 6.375%, 8/15/2055  | 1650000 | &nbsp;&nbsp; 1692852 |
| &nbsp;&nbsp;&nbsp; 6.75%, 6/15/2054  | 537000 | &nbsp;&nbsp; 560292 |
| NRG Energy, Inc., 144A, 2.45%, 12/2/2027 | 1370000 | &nbsp;&nbsp; 1298131 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| Pacific Gas and Electric Co.: |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.95%, 12/1/2047  |  | 500000 | &nbsp;&nbsp; 359186 |
| &nbsp;&nbsp;&nbsp; 5.9%, 10/1/2054  |  | 286000 | &nbsp;&nbsp; 268068 |
| Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, 144A, 2.875%, 10/25/2025 | EUR | 1505000 | &nbsp;&nbsp; 1718536 |
| PG&E Corp., 7.375%, 3/15/2055 |  | 525000 | &nbsp;&nbsp; 506616 |
| Sempra, 4.125%, 4/1/2052 |  | 1800000 | &nbsp;&nbsp; 1738208 |
| Sierra Pacific Power Co., 5.9%, 3/15/2054 |  | 290000 | &nbsp;&nbsp; 288924 |
| Southern Co., Series 21-A, 3.75%, 9/15/2051 |  | 1241000 | &nbsp;&nbsp; 1221064 |
| Southwestern Public Service Co., 6.0%, 6/1/2054 |  | 1210000 | &nbsp;&nbsp; 1215795 |
| Vistra Operations Co. LLC, 144A, 5.7%, 12/30/2034 |  | 1111000 | &nbsp;&nbsp; 1131027 |
|  |  |  | &nbsp;&nbsp; **17737209** |
| **Total Corporate Bonds** (Cost $144,805,283) | **Total Corporate Bonds** (Cost $144,805,283) | **Total Corporate Bonds** (Cost $144,805,283) | &nbsp;&nbsp; **145768607** |
| **Asset-Backed 8.5%** | **Asset-Backed 8.5%** | **Asset-Backed 8.5%** | **Asset-Backed 8.5%** |
| **Automobile Receivables 1.2%** | **Automobile Receivables 1.2%** | **Automobile Receivables 1.2%** |  |
| Ally Bank Auto Credit-Linked Notes: |  |  |  |
| &nbsp;&nbsp;&nbsp; "C", Series 2024-B, 144A, 5.215%, 9/15/2032  |  | 178913 | &nbsp;&nbsp; 178945 |
| &nbsp;&nbsp;&nbsp; "D", Series 2024-B, 144A, 5.41%, 9/15/2032  |  | 178913 | &nbsp;&nbsp; 178849 |
| &nbsp;&nbsp;&nbsp; Avis Budget Rental Car Funding AESOP LLC, "C", Series 2022-5A, 144A, 6.24%, <br> 4/20/2027<br>|  | 1500000 | &nbsp;&nbsp; 1503142 |
| &nbsp;&nbsp;&nbsp; Bayview Opportunity Master Fund VII LLC, "B", Series 2024-CAR1, 144A, 30 day <br> USD SOFR Average + 1.3%, 5.65% (a), 12/26/2031<br>|  | 128634 | &nbsp;&nbsp; 129199 |
| CPS Auto Receivables Trust, "C", Series 2023-C, 144A, 6.27%, 10/15/2029 |  | 400000 | &nbsp;&nbsp; 403068 |
| Exeter Automobile Receivables Trust, "C", Series 2025-3A, 5.09%, 10/15/2031 |  | 272000 | &nbsp;&nbsp; 273990 |
| &nbsp;&nbsp;&nbsp; Foursight Capital Automobile Receivables Trust, "C", Series 2023-2, 144A, 6.21%, <br> 4/16/2029<br>|  | 1500000 | &nbsp;&nbsp; 1530976 |
| Hertz Vehicle Financing III LLC, "C", Series 2023-1A, 144A, 6.91%, 6/25/2027 |  | 1720000 | &nbsp;&nbsp; 1732514 |
| Huntington Bank Auto Credit-Linked Notes: |  |  |  |
| &nbsp;&nbsp;&nbsp; "B1", Series 2024-2, 144A, 5.442%, 10/20/2032  |  | 351977 | &nbsp;&nbsp; 354239 |
| &nbsp;&nbsp;&nbsp; "B1", Series 2024-1, 144A, 6.153%, 5/20/2032  |  | 277608 | &nbsp;&nbsp; 281107 |
| Santander Drive Auto Receivables Trust, "C", Series 2023-3, 5.77%, 11/15/2030 |  | 400000 | &nbsp;&nbsp; 406443 |
| Securitized Term Auto Receivables Trust, "C", Series 2025-A, 144A, 5.185%, 7/25/2031 |  | 347823 | &nbsp;&nbsp; 348667 |
|  |  |  | &nbsp;&nbsp; **7321139** |
| **Credit Card Receivables 0.5%** | **Credit Card Receivables 0.5%** | **Credit Card Receivables 0.5%** |  |
| &nbsp;&nbsp;&nbsp; Brex Commercial Charge Card Master Trust, "A1", Series 2024-1, 144A, 6.05%, <br> 7/15/2027<br>|  | 400000 | &nbsp;&nbsp; 402456 |
| &nbsp;&nbsp;&nbsp; Continental Finance Credit Card ABS Master Trust, "A", Series 2024-A, 144A, 5.78%, <br> 12/15/2032<br>|  | 400000 | &nbsp;&nbsp; 403096 |
| Evergreen Credit Card Trust, "C", Series 2025-CRT5, 144A, 5.53%, 5/15/2029 |  | 250000 | &nbsp;&nbsp; 251498 |
| &nbsp;&nbsp;&nbsp; Mercury Financial Credit Card Master Trust, "A", Series 2024-2A, 144A, 6.56%, <br> 7/20/2029<br>|  | 800000 | &nbsp;&nbsp; 805132 |
| Mission Lane Credit Card Master Trust, "A", Series 2024-B, 144A, 5.88%, 1/15/2030 |  | 1000000 | &nbsp;&nbsp; 1005180 |
|  |  |  | &nbsp;&nbsp; **2867362** |
| **Home Equity Loans 0.4%** | **Home Equity Loans 0.4%** | **Home Equity Loans 0.4%** |  |
| RCKT Mortgage Trust: |  |  |  |
| &nbsp;&nbsp;&nbsp; "A1A", Series 2024-CES7, 144A, 5.158%, 10/25/2044  |  | 1028469 | &nbsp;&nbsp; 1022698 |
| &nbsp;&nbsp;&nbsp; "A1B", Series 2024-CES9, 144A, 5.683%, 12/25/2044  |  | 496171 | &nbsp;&nbsp; 496161 |
| Towd Point Mortgage Trust, "A1", Series 2025-CRM1, 144A, 5.799%, 1/25/2065 |  | 820354 | &nbsp;&nbsp; 823100 |
|  |  |  | &nbsp;&nbsp; **2341959** |
| **Miscellaneous 6.4%** | **Miscellaneous 6.4%** | **Miscellaneous 6.4%** |  |
| &nbsp;&nbsp;&nbsp; Allegro CLO V-S Ltd., "B1", Series 2024-2A, 144A, 3 mo. USD Term SOFR + 1.9%, <br> 6.219% (a), 7/24/2037<br>|  | 2200000 | &nbsp;&nbsp; 2206052 |
| &nbsp;&nbsp;&nbsp; Allegro CLO XV Ltd., "BR", Series 2022-1A, 144A, 3 mo. USD Term SOFR + 1.62%, <br> 5.945% (a), 4/20/2038<br>|  | 1000000 | &nbsp;&nbsp; 1001107 |

---

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Apidos CLO XVIII-R, "A2R2", Series 2018-18A, 144A, 3 mo. USD Term SOFR + <br> 1.58%, 5.912% (a), 1/22/2038<br>| 1000000 | &nbsp;&nbsp; 1001942 |
| &nbsp;&nbsp;&nbsp; Apidos CLO XXIV Ltd., "A1AL", Series 2016-24A, 144A, 3 mo. USD Term SOFR + <br> 1.212%, 5.537% (a), 10/20/2030<br>| 1044585 | &nbsp;&nbsp; 1044167 |
| ARES LIX CLO Ltd., "C2", Series 2021-59A, 144A, 3.35%, 4/25/2034 | 900000 | &nbsp;&nbsp; 826556 |
| &nbsp;&nbsp;&nbsp; ARES LXXVII CLO Ltd., "A2", Series 2025-77A, 144A, 3 mo. USD Term SOFR + <br> 1.6%, 5.922% (a), 7/15/2038<br>| 750000 | &nbsp;&nbsp; 752726 |
| &nbsp;&nbsp;&nbsp; ARES XLI CLO Ltd., "BR", Series 2016-41A, 144A, 3 mo. USD Term SOFR + <br> 1.712%, 6.029% (a), 4/15/2034<br>| 2000000 | &nbsp;&nbsp; 2009592 |
| &nbsp;&nbsp;&nbsp; Balboa Bay Loan Funding Ltd., "A1", Series 2024-1A, 144A, 3 mo. USD Term SOFR + <br> 1.51%, 5.835% (a), 7/20/2037<br>| 500000 | &nbsp;&nbsp; 501330 |
| &nbsp;&nbsp;&nbsp; BlueMountain CLO XXXIV Ltd., "B1", Series 2022-34A, 144A, 3 mo. USD Term <br> SOFR + 2.05%, 6.375% (a), 4/20/2035<br>| 750000 | &nbsp;&nbsp; 751535 |
| &nbsp;&nbsp;&nbsp; Carlyle Global Market Strategies CLO Ltd., "BR4", Series 2012-4A, 144A, 3 mo. USD <br> Term SOFR + 1.75%, 6.082% (a), 4/22/2032<br>| 1000000 | &nbsp;&nbsp; 1001147 |
| CF Hippolyta Issuer LLC, "B1", Series 2021-1A, 144A, 1.98%, 3/15/2061 | 2949861 | &nbsp;&nbsp; 2256138 |
| Cloud Capital Holdco LP, "A2", Series 2024-1A, 144A, 5.781%, 11/22/2049 | 600000 | &nbsp;&nbsp; 606697 |
| Compass Datacenters Issuer III LLC, "A2", Series 2025-3A, 144A, 5.286%, 7/25/2050 | 504000 | &nbsp;&nbsp; 504141 |
| CyrusOne Data Centers Issuer I LLC, "A2", Series 2024-2A, 144A, 4.5%, 5/20/2049 | 1250000 | &nbsp;&nbsp; 1214674 |
| &nbsp;&nbsp;&nbsp; Elmwood CLO 43 Ltd., "B", Series 2025-6A, 144A, 3 mo. USD Term SOFR + 1.7%, <br> 6.019% (a), 7/20/2038<br>| 522000 | &nbsp;&nbsp; 522068 |
| Frontier Issuer LLC, "A2", Series 2023-1, 144A, 6.6%, 8/20/2053 | 500000 | &nbsp;&nbsp; 506289 |
| &nbsp;&nbsp;&nbsp; Golub Capital Partners CLO 53B Ltd., "CR", Series 2021-53A, 144A, 3 mo. USD Term <br> SOFR + 1.7%, 6.025% (a), 7/20/2034<br>| 1000000 | &nbsp;&nbsp; 991916 |
| HINNT LLC, "B", Series 2024-A, 144A, 5.84%, 3/15/2043 | 224371 | &nbsp;&nbsp; 226574 |
| Jersey Mike's Funding LLC, "A2", Series 2024-1A, 144A, 5.636%, 2/15/2055 | 598500 | &nbsp;&nbsp; 604590 |
| &nbsp;&nbsp;&nbsp; Madison Park Funding XXXVIII Ltd., "C", Series 2021-38A, 144A, 3 mo. USD Term <br> SOFR + 2.162%, 6.484% (a), 7/17/2034<br>| 950000 | &nbsp;&nbsp; 952377 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Eaton Vance CLO Ltd., "A", Series 2021-1A, 144A, 3 mo. USD Term <br> SOFR + 1.422%, 5.741% (a), 10/20/2034<br>| 3000000 | &nbsp;&nbsp; 3007461 |
| Mosaic Solar Loan Trust, "B", Series 2023-1A, 144A, 6.92%, 6/20/2053 | 1206973 | &nbsp;&nbsp; 1029266 |
| MVW LLC, "B", Series 2025-1A, 144A, 5.21%, 9/22/2042 | 471826 | &nbsp;&nbsp; 470648 |
| &nbsp;&nbsp;&nbsp; Octagon 63 Ltd., "A2", Series 2024-2A, 144A, 3 mo. USD Term SOFR + 1.71%, <br> 6.035% (a), 7/20/2037<br>| 1900000 | &nbsp;&nbsp; 1904704 |
| &nbsp;&nbsp;&nbsp; Rad CLO 23 Ltd., "A1", Series 2024-23A, 144A, 3 mo. USD Term SOFR + 1.6%, <br> 5.925% (a), 4/20/2037<br>| 3500000 | &nbsp;&nbsp; 3517630 |
| &nbsp;&nbsp;&nbsp; Regatta 34 Funding Ltd., "A2", Series 2025-3A, 144A, 3 mo. USD Term SOFR + <br> 1.75%, 6.044% (a), 7/20/2038<br>| 650000 | &nbsp;&nbsp; 653034 |
| &nbsp;&nbsp;&nbsp; RR 35 Ltd., "A2", Series 2024-35A, 144A, 3 mo. USD Term SOFR + 1.7%, 6.018% (a), <br> 1/15/2040<br>| 1000000 | &nbsp;&nbsp; 1005326 |
| &nbsp;&nbsp;&nbsp; Sixth Street CLO 29 Ltd., "B", Series 2025-29A, 144A, 3 mo. USD Term SOFR + <br> 1.65%, 5.972% (a), 7/17/2038<br>| 500000 | &nbsp;&nbsp; 500782 |
| &nbsp;&nbsp;&nbsp; Sixth Street CLO XIV Ltd., "A2R2", Series 2019-14A, 144A, 3 mo. USD Term SOFR + <br> 1.4%, 5.725% (a), 1/20/2038<br>| 1600000 | &nbsp;&nbsp; 1594979 |
| Switch ABS Issuer LLC: |  |  |
| &nbsp;&nbsp;&nbsp; "A2", Series 2024-2A, 144A, 5.436%, 6/25/2054  | 400000 | &nbsp;&nbsp; 399815 |
| &nbsp;&nbsp;&nbsp; "A2", Series 2024-1A, 144A, 6.28%, 3/25/2054  | 800000 | &nbsp;&nbsp; 808606 |
| &nbsp;&nbsp;&nbsp; Texas Debt Capital CLO Ltd., "A2R", Series 2023-1A, 144A, 3 mo. USD Term SOFR + <br> 1.55%, 5.865% (a), 7/20/2038<br>| 1500000 | &nbsp;&nbsp; 1502084 |
| &nbsp;&nbsp;&nbsp; TICP CLO XI Ltd., "AR", Series 2018-11A, 144A, 3 mo. USD Term SOFR + 1.53%, <br> 5.848% (a), 4/25/2037<br>| 800000 | &nbsp;&nbsp; 802382 |
| Wingstop Funding LLC, "A2", Series 2024-1A, 144A, 5.858%, 12/5/2054 | 400000 | &nbsp;&nbsp; 408596 |
|  |  | &nbsp;&nbsp; **37086931** |
| **Total Asset-Backed** (Cost $50,141,212) | **Total Asset-Backed** (Cost $50,141,212) | &nbsp;&nbsp; **49617391** |
| **Mortgage-Backed Securities Pass-Throughs 6.0%** | **Mortgage-Backed Securities Pass-Throughs 6.0%** |  |
| Federal Home Loan Mortgage Corp., 6.0%, 1/1/2055 | 3882695 | &nbsp;&nbsp; 3957847 |

---

------

---

| | | |
|:---|:---|:---|
| Federal National Mortgage Association: |  |  |
| &nbsp;&nbsp;&nbsp; 5.0%, 8/1/2054 (e) | 2100000 | &nbsp;&nbsp; 2043959 |
| &nbsp;&nbsp;&nbsp; 5.5%, 8/1/2054 (e) | 4700000 | &nbsp;&nbsp; 4675128 |
| &nbsp;&nbsp;&nbsp; 6.0%, with various maturities from 8/1/2054 until 2/1/2055 (e) | 16969847 | &nbsp;&nbsp; 17210924 |
| Government National Mortgage Association: |  |  |
| &nbsp;&nbsp;&nbsp; 5.5%, 8/20/2054 (e) | 7000000 | &nbsp;&nbsp; 6981954 |
| &nbsp;&nbsp;&nbsp; 6.5%, 8/20/2034  | 11737 | &nbsp;&nbsp; 12457 |
| **Total Mortgage-Backed Securities Pass-Throughs** (Cost $34,820,053) | **Total Mortgage-Backed Securities Pass-Throughs** (Cost $34,820,053) | &nbsp;&nbsp; **34882269** |
| **Commercial Mortgage-Backed Securities 3.0%** | **Commercial Mortgage-Backed Securities 3.0%** |  |
| 20 Times Square Trust, "C", Series 2018-20TS, 144A, 3.1% (a), 5/15/2035 | 800000 | &nbsp;&nbsp; 744000 |
| 2023-MIC Trust, "B", Series 2023-MIC, 144A, 9.532% (a), 12/5/2038 | 900000 | &nbsp;&nbsp; 974075 |
| BAHA Trust, "A", Series 2024-MAR, 144A, 5.972% (a), 12/10/2041 | 1114000 | &nbsp;&nbsp; 1143977 |
| Bank, "AS", Series 2025-BNK50, 5.875%, 5/15/2068 | 980000 | &nbsp;&nbsp; 1018109 |
| Benchmark Mortgage Trust, "A4", Series 2020-IG3, 144A, 2.437%, 9/15/2048 | 400000 | &nbsp;&nbsp; 345285 |
| BPR Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "A", Series 2024-PMDW, 144A, 5.358%, 11/5/2041  | 536000 | &nbsp;&nbsp; 540789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; "B", Series 2021-TY, 144A, 1 mo. USD Term SOFR + 1.264%, 5.606% (a), <br> 9/15/2038 <br>| 600000 | &nbsp;&nbsp; 597022 |
| BX Trust, "D", Series 2019-OC11, 144A, 3.944% (a), 12/9/2041 | 700000 | &nbsp;&nbsp; 652392 |
| BXP Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "A", Series 2021-601L, 144A, 2.618%, 1/15/2044  | 1650000 | &nbsp;&nbsp; 1403959 |
| &nbsp;&nbsp;&nbsp; "B", Series 2021-601L, 144A, 2.775% (a), 1/15/2044  | 750000 | &nbsp;&nbsp; 631633 |
| CSAIL Commercial Mortgage Trust, "AS", Series 2016-C6, 3.346%, 1/15/2049 | 500000 | &nbsp;&nbsp; 485807 |
| &nbsp;&nbsp;&nbsp; Fontainebleau Miami Beach Mortgage Trust, "B", Series 2024-FBLU, 144A, 1 mo. USD <br> Term SOFR + 1.85%, 6.192% (a), 12/15/2039<br>| 563000 | &nbsp;&nbsp; 563329 |
| &nbsp;&nbsp;&nbsp; Freddie Mac Multifamily Structured Credit Risk, "M2", Series 2021-MN1, 144A, 30 <br> day USD SOFR Average + 3.75%, 8.1% (a), 1/25/2051<br>| 1098000 | &nbsp;&nbsp; 1133699 |
| Hudson Yards Mortgage Trust, "C", Series 2025-SPRL, 144A, 5.952% (a), 1/13/2040 | 225000 | &nbsp;&nbsp; 230607 |
| IRV Trust, "C", Series 2025-200P, 144A, 5.73% (a), 3/14/2047 | 667000 | &nbsp;&nbsp; 658416 |
| JPMorgan Chase Commercial Mortgage Securities Trust: |  |  |
| &nbsp;&nbsp;&nbsp; "A", Series 2021-1MEM, 144A, 2.516%, 10/9/2042  | 1000000 | &nbsp;&nbsp; 826747 |
| &nbsp;&nbsp;&nbsp; "A", Series 2016-NINE, 144A, 2.854% (a), 9/6/2038  | 750000 | &nbsp;&nbsp; 732490 |
| &nbsp;&nbsp;&nbsp; "A", Series 2019-OSB, 144A, 3.397%, 6/5/2039  | 500000 | &nbsp;&nbsp; 467109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; "A", Series 2018-PHH, 144A, 1 mo. USD Term SOFR + 1.257%, 5.599% (a), <br> 6/15/2035 <br>| 1550537 | &nbsp;&nbsp; 1320366 |
| &nbsp;&nbsp;&nbsp; JW Commercial Mortgage Trust, "B", Series 2024-MRCO, 144A, 1 mo. USD Term <br> SOFR + 1.941%, 6.283% (a), 6/15/2039<br>| 970000 | &nbsp;&nbsp; 970303 |
| &nbsp;&nbsp;&nbsp; KIND Trust, "A", Series 2021-KIND, 144A, 1 mo. USD Term SOFR + 1.064%, 5.41% <br> (a), 8/15/2038<br>| 396688 | &nbsp;&nbsp; 392969 |
| ROCK Trust, "A", Series 2024-CNTR, 144A, 5.388%, 11/13/2041 | 635000 | &nbsp;&nbsp; 646702 |
| &nbsp;&nbsp;&nbsp; SWCH Commercial Mortgage Trust, "A", Series 2025-DATA, 144A, 1 mo. USD Term <br> SOFR + 1.443%, 5.785% (a), 2/15/2042<br>| 800000 | &nbsp;&nbsp; 796000 |
| WHARF Commercial Mortgage Trust, "B", Series 2025-DC, 144A, 5.544%, 7/15/2040 | 200000 | &nbsp;&nbsp; 202794 |
| **Total Commercial Mortgage-Backed Securities** (Cost $16,933,238) | **Total Commercial Mortgage-Backed Securities** (Cost $16,933,238) | &nbsp;&nbsp; **17478579** |
| **Collateralized Mortgage Obligations 4.2%** | **Collateralized Mortgage Obligations 4.2%** | **Collateralized Mortgage Obligations 4.2%** |
| Federal Home Loan Mortgage Corp.: |  |  |
| &nbsp;&nbsp;&nbsp; "DI", Series 5011, Interest Only, 2.0%, 7/25/2050  | 2794016 | &nbsp;&nbsp; 334886 |
| &nbsp;&nbsp;&nbsp; "MI", Series 5034, Interest Only, 2.0%, 11/25/2050  | 1923090 | &nbsp;&nbsp; 239216 |
| Federal National Mortgage Association: |  |  |
| &nbsp;&nbsp;&nbsp; "AO", Series 2023-53, Principal Only, Zero Coupon, 11/25/2053  | 1581379 | &nbsp;&nbsp; 1348013 |
| &nbsp;&nbsp;&nbsp; "I", Series 2003-84, Interest Only, 6.0%, 9/25/2033  | 85337 | &nbsp;&nbsp; 10367 |
| &nbsp;&nbsp;&nbsp; "FE", Series 2024-87, 30 day USD SOFR Average + 1.85%, 6.0% (a), 12/25/2054  | 1360681 | &nbsp;&nbsp; 1361393 |
| &nbsp;&nbsp;&nbsp; "FG", Series 2023-53, 30 day USD SOFR Average + 1.9%, 6.25% (a), 11/25/2053  | 11860342 | &nbsp;&nbsp; 11990771 |
| &nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes, "M2", Series 2019-DNA2, <br> 144A, 30 day USD SOFR Average + 2.564%, 6.914% (a), 3/25/2049<br>| 776478 | &nbsp;&nbsp; 788047 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| Government National Mortgage Association: |  |  |  |
| &nbsp;&nbsp;&nbsp; "IO", Series 2021-19, Interest Only, 2.0%, 1/20/2051  |  | 3308840 | &nbsp;&nbsp; 392411 |
| &nbsp;&nbsp;&nbsp; "QI", Series 2021-225, Interest Only, 2.5%, 12/20/2051  |  | 3755828 | &nbsp;&nbsp; 447882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; "SG", Series 2025-60, 14.875% minus (2.5 x 30 day USD SOFR Average), 4.005% <br> (a), 4/20/2055 <br>|  | 2465631 | &nbsp;&nbsp; 2322365 |
| &nbsp;&nbsp;&nbsp; "AZ", Series 2023-120, 5.5%, 8/20/2053  |  | 1110906 | &nbsp;&nbsp; 1110841 |
| &nbsp;&nbsp;&nbsp; "UZ", Series 2025-41, 6.0%, 3/20/2055  |  | 743959 | &nbsp;&nbsp; 734567 |
| JPMorgan Mortgage Trust: |  |  |  |
| &nbsp;&nbsp;&nbsp; "A1", Series 2025-DSC1, 144A, 5.577%, 9/25/2065  |  | 785196 | &nbsp;&nbsp; 787502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; "A11", Series 2024-6, 144A, 30 day USD SOFR Average + 1.25%, 5.6% (a), <br> 12/25/2054 <br>|  | 631688 | &nbsp;&nbsp; 630331 |
| Sequoia Mortgage Trust, "A3", Series 2024-INV1, 144A, 5.5%, 10/25/2054 |  | 1283617 | &nbsp;&nbsp; 1270731 |
| &nbsp;&nbsp;&nbsp; Western Alliance Bank, "M1", Series 2021-CL2, 144A, 30 day USD SOFR Average + <br> 3.15%, 7.5% (a), 7/25/2059<br>|  | 866233 | &nbsp;&nbsp; 912895 |
| **Total Collateralized Mortgage Obligations** (Cost $24,519,982) | **Total Collateralized Mortgage Obligations** (Cost $24,519,982) | **Total Collateralized Mortgage Obligations** (Cost $24,519,982) | &nbsp;&nbsp; **24682218** |
| **Government & Agency Obligations 9.7%** | **Government & Agency Obligations 9.7%** | **Government & Agency Obligations 9.7%** | **Government & Agency Obligations 9.7%** |
| **Sovereign Bonds 1.8%** | **Sovereign Bonds 1.8%** | **Sovereign Bonds 1.8%** |  |
| Brazilian Government International Bond, 6.0%, 10/20/2033 |  | 950000 | &nbsp;&nbsp; 938160 |
| Eagle Funding Luxco Sarl, 144A, 5.5%, 8/17/2030 |  | 994000 | &nbsp;&nbsp; 998473 |
| Indonesia Government International Bond, 4.75%, 9/10/2034 |  | 1700000 | &nbsp;&nbsp; 1669223 |
| Mexico Cetes, Zero Coupon, 3/5/2026 | MXN | 117000000 | &nbsp;&nbsp; 5919500 |
| Mexico Government International Bond: |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.0%, 5/7/2036  |  | 260000 | &nbsp;&nbsp; 254800 |
| &nbsp;&nbsp;&nbsp; 6.875%, 5/13/2037  |  | 538000 | &nbsp;&nbsp; 555216 |
|  |  |  | &nbsp;&nbsp; **10335372** |
| **U.S. Treasury Obligations 7.9%** | **U.S. Treasury Obligations 7.9%** | **U.S. Treasury Obligations 7.9%** |  |
| U.S. Treasury Bills, 4.119% (f), 9/11/2025 (g) |  | 20000000 | &nbsp;&nbsp; 19902340 |
| U.S. Treasury Bonds, 4.625%, 2/15/2055 |  | 1129700 | &nbsp;&nbsp; 1082217 |
| U.S. Treasury Floating Rate Notes: |  |  |  |
| &nbsp;&nbsp;&nbsp; 3 mo. Treasury money market yield + 0.182%, 4.463% (a), 7/31/2026  |  | 10000000 | &nbsp;&nbsp; 10010590 |
| &nbsp;&nbsp;&nbsp; 3 mo. Treasury money market yield + 0.245%, 4.526% (a), 1/31/2026 (h) |  | 12774500 | &nbsp;&nbsp; 12787137 |
| U.S. Treasury Notes: |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.0%, 3/31/2030  |  | 878000 | &nbsp;&nbsp; 880024 |
| &nbsp;&nbsp;&nbsp; 4.25%, 6/30/2029  |  | 1203200 | &nbsp;&nbsp; 1217488 |
|  |  |  | &nbsp;&nbsp; **45879796** |
| **Total Government & Agency Obligations** (Cost $56,116,833) | **Total Government & Agency Obligations** (Cost $56,116,833) | **Total Government & Agency Obligations** (Cost $56,116,833) | &nbsp;&nbsp; **56215168** |
| **Loan Participations and Assignments 0.4%** | **Loan Participations and Assignments 0.4%** | **Loan Participations and Assignments 0.4%** | **Loan Participations and Assignments 0.4%** |
| **Senior Loans (a) 0.4%** | **Senior Loans (a) 0.4%** | **Senior Loans (a) 0.4%** |  |
| &nbsp;&nbsp;&nbsp; Hilton Domestic Operating Co., Inc., Term Loan B4, 1 mo. USD Term SOFR + 1.75%, <br> 6.102%, 11/8/2030 <br>|  | 1389235 | &nbsp;&nbsp; 1393959 |
| TransDigm, Inc., Term Loan J, 3 mo. USD Term SOFR + 2.5%, 6.796%, 2/28/2031  |  | 1033603 | &nbsp;&nbsp; 1037825 |
|  |  |  | &nbsp;&nbsp; **2431784** |
| **Total Loan Participations and Assignments** (Cost $2,423,594) | **Total Loan Participations and Assignments** (Cost $2,423,594) | **Total Loan Participations and Assignments** (Cost $2,423,594) | &nbsp;&nbsp; **2431784** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares**  | **Value ($)** |
| **Exchange-Traded Funds 3.4%** | **Exchange-Traded Funds 3.4%** | **Exchange-Traded Funds 3.4%** |
| iShares Core International Aggregate Bond ETF  | 336985 | &nbsp;&nbsp; 17199714 |
| SPDR Blackstone Senior Loan ETF  | 60000 | &nbsp;&nbsp; 2499000 |
| **Total Exchange-Traded Funds** (Cost $19,567,639) |  | &nbsp;&nbsp; **19698714** |

---

------

---

| | | |
|:---|:---|:---|
| **Securities Lending Collateral 0.9%** | **Securities Lending Collateral 0.9%** | **Securities Lending Collateral 0.9%** |
| &nbsp;&nbsp;&nbsp; DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional <br> Shares", 4.25% (i) (j) (Cost $5,059,099)<br>| 5059099 | &nbsp;&nbsp; **5059099** |
| **Cash Equivalents 8.9%** | **Cash Equivalents 8.9%** | **Cash Equivalents 8.9%** |
| DWS Central Cash Management Government Fund, 4.37% (i) (Cost $52,008,607) | 52008607 | &nbsp;&nbsp; **52008607** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **% of** <br>**Net Assets**<br>| **Value ($)** |
| **Total Investment Portfolio** (Cost $598,310,764) | 105.7 | &nbsp;&nbsp; **615549459** |
| **Other Assets and Liabilities, Net**  | (5.7)<br>| &nbsp;&nbsp; **(33403399)**<br>|
| **Net Assets** | 100.0 | &nbsp;&nbsp; **582146060** |

---

*For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.*

*A summary of the Fund's transactions with affiliated investments during the period ended July 31, 2025 are as follows:* 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Value ($) at** <br>**10/31/2024**<br>| &nbsp;&nbsp;&nbsp; **Purchases** <br>**Cost ($)**<br>| &nbsp;&nbsp;&nbsp; **Sales** <br>**Proceeds ($)**<br>| &nbsp;&nbsp;&nbsp; **Net** <br>**Realized** <br>**Gain/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Loss) ($)**<br>| &nbsp;&nbsp;&nbsp; **Net** <br>**Change in** <br>**Unrealized** <br>**Appreci-** <br>**ation** <br>**(Deprecia-** <br>**tion) ($)**<br>| **Income ($)** | &nbsp;&nbsp;&nbsp; **Capital** <br>**Gain** <br>**Distribu-** <br>**tions ($)**<br>| &nbsp;&nbsp;&nbsp; **Number of** <br>**Shares at** <br>**7/31/2025**<br>| &nbsp;&nbsp;&nbsp; **Value ($) at** <br>**7/31/2025**<br>|
| **Securities Lending Collateral 0.9%** | **Securities Lending Collateral 0.9%** | **Securities Lending Collateral 0.9%** | **Securities Lending Collateral 0.9%** | **Securities Lending Collateral 0.9%** | **Securities Lending Collateral 0.9%** | **Securities Lending Collateral 0.9%** | **Securities Lending Collateral 0.9%** | **Securities Lending Collateral 0.9%** |
| DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>4.25% (i) (j) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>4.25% (i) (j) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>4.25% (i) (j) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>4.25% (i) (j) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>4.25% (i) (j) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>4.25% (i) (j) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>4.25% (i) (j) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>4.25% (i) (j) | DWS Government & Agency Securities Portfolio "DWS Government Cash Institutional Shares", <br>4.25% (i) (j) |
| 5493504  | —  | 434,405 (k) | —  | —  | 40096  | —  | 5059099  | 5059099  |
| **Cash Equivalents 8.9%** | **Cash Equivalents 8.9%** | **Cash Equivalents 8.9%** | **Cash Equivalents 8.9%** | **Cash Equivalents 8.9%** | **Cash Equivalents 8.9%** | **Cash Equivalents 8.9%** | **Cash Equivalents 8.9%** | **Cash Equivalents 8.9%** |
| DWS Central Cash Management Government Fund, 4.37% (i) | DWS Central Cash Management Government Fund, 4.37% (i) | DWS Central Cash Management Government Fund, 4.37% (i) | DWS Central Cash Management Government Fund, 4.37% (i) | DWS Central Cash Management Government Fund, 4.37% (i) | DWS Central Cash Management Government Fund, 4.37% (i) | DWS Central Cash Management Government Fund, 4.37% (i) | DWS Central Cash Management Government Fund, 4.37% (i) | DWS Central Cash Management Government Fund, 4.37% (i) |
| 74600295  | 302294094  | 324885782  | —  | —  | 1145308  | —  | 52008607  | 52008607  |
| **80093799** | **302294094** | **325320187** | **—** | **—** | **1185404** | **—** | **57067706** | **57067706** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

*\** *Non-income producing security.* 

*(a)* *Variable or floating rate security. These securities are shown at their current rate as of July 31, 2025. For securities based on a* *published reference rate and spread, the reference rate and spread are indicated within the description above. Certain variable* *rate securities are not based on a published reference rate and spread but adjust periodically based on current market conditions,* *prepayment of underlying positions and/or other variables. Securities with a floor or ceiling feature are disclosed at the inherent* *rate, where applicable.* 

*(b)* *Investment was valued using significant unobservable inputs.*

*(c)* *Principal amount stated in U.S. dollars unless otherwise noted.*

*(d)* *All or a portion of these securities were on loan. In addition, "Other Assets and Liabilities, Net" may include pending sales that* *are also on loan. The value of securities loaned at July 31, 2025 amounted to $4,849,027, which is 0.8% of net assets.* 

*(e)* *When-issued or delayed delivery securities included.*

*(f)* *Annualized yield at time of purchase; not a coupon rate.*

*(g)* *At July 31, 2025, this security has been pledged, in whole or in part, to cover initial margin requirements for open futures* *contracts.* 

*(h)* *At July 31, 2025, this security has been pledged, in whole or in part, to cover initial margin requirements for open centrally* *cleared swap contracts.* 

*(i)* *Affiliated fund managed by DWS Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at* *period end.* 

*(j)* *Represents cash collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates.*

*(k)* *Represents the net increase (purchase cost) or decrease (sales proceeds) in the amount invested in cash collateral for the period* *ended July 31, 2025.* 

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| *144A: Security exempt from registration under Rule 144A under the Securities Act of 1933. These securities may be resold in* <br> *transactions exempt from registration, normally to qualified institutional buyers.*<br>|
| *ADR: American Depositary Receipt* |
| *CLO: Collateralized Loan Obligation* |
| *CMT: Constant Maturity Treasury* |
| *FTSE: Financial Times and the London Stock Exchange* |
| *GDR: Global Depositary Receipt* |
| *Interest Only: Interest Only (IO) bonds represent the "interest only" portion of payments on a pool of underlying mortgages or* <br> *mortgage-backed securities. IO securities are subject to prepayment risk of the pool of underlying mortgages.*<br>|
| *MSCI: Morgan Stanley Capital International* |
| *Perpetual: Callable security with no stated maturity date.*  |
| *Principal Only: Principal Only (PO) bonds represent the "principal only" portion of payments on a pool of underlying mortgages or* <br> *mortgage-backed securities.*<br>|
| *REG S: Securities sold under Regulation S may not be offered, sold or delivered within the United States or to, or for the account or* <br> *benefit of, U.S. persons, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the* <br> *Securities Act of 1933.*<br>|
| *REIT: Real Estate Investment Trust* |
| *S&P: Standard & Poor's* |
| *SOFR: Secured Overnight Financing Rate* |
| *SPDR: Standard & Poor's Depositary Receipt* |

---

*Included in the portfolio are investments in mortgage or asset-backed securities which are interests in separate pools of mortgages or assets. Effective maturities of these investments may be shorter than stated maturities due to prepayments. Some separate investments in the Federal National Mortgage Association issues which have similar coupon rates have been aggregated for presentation purposes in this investment portfolio.*

*At July 31, 2025, open futures contracts purchased were as follows:* 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Futures** | **Currency** | &nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| **Contracts** | &nbsp;&nbsp;&nbsp; **Notional** <br>**Amount ($)**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**Value ($)**<br>| &nbsp;&nbsp;&nbsp; **Unrealized** <br>**Appreciation/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation) ($)**<br>|
| 2 Year <br> U.S. Treasury <br> Note <br>| USD | 9/30/2025  | &nbsp;&nbsp;&nbsp;&nbsp; 176<br>| &nbsp;&nbsp;&nbsp;&nbsp; 36467707 | &nbsp;&nbsp;&nbsp;&nbsp; 36429250<br>| &nbsp;&nbsp;&nbsp;&nbsp; (38457)<br>|
| DAX Index  | EUR | 9/19/2025  | &nbsp;&nbsp;&nbsp;&nbsp; 52<br>| &nbsp;&nbsp;&nbsp;&nbsp; 35702789 | &nbsp;&nbsp;&nbsp;&nbsp; 35844276<br>| &nbsp;&nbsp;&nbsp;&nbsp; 141487 |
| E-Mini S&P 500 <br> Index <br>| USD | 9/19/2025  | &nbsp;&nbsp;&nbsp;&nbsp; 19<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5859786 | &nbsp;&nbsp;&nbsp;&nbsp; 6055538<br>| &nbsp;&nbsp;&nbsp;&nbsp; 195752 |
| EURO STOXX 50 <br> Index <br>| EUR | 9/19/2025  | &nbsp;&nbsp;&nbsp;&nbsp; 255<br>| &nbsp;&nbsp;&nbsp;&nbsp; 15536965 | &nbsp;&nbsp;&nbsp;&nbsp; 15539713<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2748 |
| Euro-Bund Index  | EUR | 9/8/2025  | &nbsp;&nbsp;&nbsp;&nbsp; 144<br>| &nbsp;&nbsp;&nbsp;&nbsp; 21366784 | &nbsp;&nbsp;&nbsp;&nbsp; 21313954<br>| &nbsp;&nbsp;&nbsp;&nbsp; (52830)<br>|
| FTSE 100 Index  | GBP | 9/19/2025  | &nbsp;&nbsp;&nbsp;&nbsp; 82<br>| &nbsp;&nbsp;&nbsp;&nbsp; 9602524 | &nbsp;&nbsp;&nbsp;&nbsp; 9880679<br>| &nbsp;&nbsp;&nbsp;&nbsp; 278155 |
| MSCI Emerging <br> Market Index <br>| USD | 9/19/2025  | &nbsp;&nbsp;&nbsp;&nbsp; 226<br>| &nbsp;&nbsp;&nbsp;&nbsp; 14179404 | &nbsp;&nbsp;&nbsp;&nbsp; 13992790<br>| &nbsp;&nbsp;&nbsp;&nbsp; (186614)<br>|
| MSCI World <br> Index <br>| USD | 9/19/2025  | &nbsp;&nbsp;&nbsp;&nbsp; 776<br>| &nbsp;&nbsp;&nbsp;&nbsp; 98143306 | &nbsp;&nbsp;&nbsp;&nbsp; 102075040<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3931734 |
| Nikkei 225 Index  | JPY | 9/11/2025  | &nbsp;&nbsp;&nbsp;&nbsp; 108<br>| &nbsp;&nbsp;&nbsp;&nbsp; 27884904 | &nbsp;&nbsp;&nbsp;&nbsp; 29506631<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1621727 |
| STOXX Europe <br> 600 Index <br>| EUR | 9/19/2025  | &nbsp;&nbsp;&nbsp;&nbsp; 297<br>| &nbsp;&nbsp;&nbsp;&nbsp; 9213507 | &nbsp;&nbsp;&nbsp;&nbsp; 9266517<br>| &nbsp;&nbsp;&nbsp;&nbsp; 53010 |
| **Total net unrealized appreciation** | **Total net unrealized appreciation** | **Total net unrealized appreciation** | **Total net unrealized appreciation** | **Total net unrealized appreciation** | **Total net unrealized appreciation** | &nbsp;&nbsp;&nbsp; **5946712** |

---

------

*At July 31, 2025, open futures contracts sold were as follows:* 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Futures** | **Currency** | &nbsp;&nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| **Contracts** | &nbsp;&nbsp;&nbsp; **Notional** <br>**Amount ($)**<br>| &nbsp;&nbsp;&nbsp; **Notional** <br>**Value ($)**<br>| &nbsp;&nbsp;&nbsp; **Unrealized** <br>**Depreciation ($)**<br>|
| 5 Year <br> U.S. Treasury <br> Note <br>| USD | 9/30/2025  | &nbsp;&nbsp;&nbsp;&nbsp; 245<br>| &nbsp;&nbsp;&nbsp;&nbsp; 26434511 | &nbsp;&nbsp;&nbsp;&nbsp; 26502109<br>| &nbsp;&nbsp;&nbsp;&nbsp; (67598)<br>|
| U.S. Treasury <br> Long Bond <br>| USD | 9/19/2025  | &nbsp;&nbsp;&nbsp;&nbsp; 18<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2016092 | &nbsp;&nbsp;&nbsp;&nbsp; 2055375<br>| &nbsp;&nbsp;&nbsp;&nbsp; (39283)<br>|
| Ultra 10 Year <br> U.S. Treasury <br> Note <br>| USD | 9/19/2025  | &nbsp;&nbsp;&nbsp;&nbsp; 101<br>| &nbsp;&nbsp;&nbsp;&nbsp; 11311773 | &nbsp;&nbsp;&nbsp;&nbsp; 11420891<br>| &nbsp;&nbsp;&nbsp;&nbsp; (109118)<br>|
| Ultra Long <br> U.S. Treasury <br> Bond <br>| USD | 9/19/2025  | &nbsp;&nbsp;&nbsp;&nbsp; 44<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5067566 | &nbsp;&nbsp;&nbsp;&nbsp; 5161750<br>| &nbsp;&nbsp;&nbsp;&nbsp; (94184)<br>|
| **Total unrealized depreciation** | **Total unrealized depreciation** | **Total unrealized depreciation** | **Total unrealized depreciation** | **Total unrealized depreciation** | **Total unrealized depreciation** | &nbsp;&nbsp;&nbsp;&nbsp; **(310183)**<br>|

---

*At July 31, 2025, open interest rate swap contracts were as follows:* 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Centrally Cleared Swaps** | **Centrally Cleared Swaps** | **Centrally Cleared Swaps** | **Centrally Cleared Swaps** | **Centrally Cleared Swaps** | **Centrally Cleared Swaps** | **Centrally Cleared Swaps** | **Centrally Cleared Swaps** |
| **Cash Flows** <br>**Paid by** <br>**the Fund/** <br>**Frequency**<br>| **Cash Flows** <br>**Received by** <br>**the Fund/** <br>**Frequency**<br>| **Effective/** <br>**Expiration** <br>**Date**<br>| **Notional** <br>**Amount** <br>**($)**<br>| **Currency** | **Value** <br>**($)**<br>| **Upfront** <br>**Payments** <br>**Paid/** <br>**(Received)** <br>**($)**<br>| **Unrealized** <br>**Depreciation** <br>**($)**<br>|
| Floating — 1-Day <br> SOFR <br>Semi-Annually β <br>| Fixed — 3.907% Semi-Annually <br>| 8/28/2025/ <br>8/28/2045<br>| 18500000 | USD | (388874)<br>|  | (388874)<br>|
| Floating — 1-Day <br> SOFR <br>Semi-Annually β <br>| Fixed — 3.757% Semi-Annually <br>| 8/28/2025/ <br>8/27/2055<br>| 7800000 | USD | (332732)<br>|  | (332732)<br>|
|  |  |  |  |  |  |  | **(721606)**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| *β*  | *1-Day SOFR rate as of July 31, 2025 is 4.390%.* |

---

*At July 31, 2025, the Fund had the following open forward foreign currency contracts:* 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contracts to Deliver** | **Contracts to Deliver** | **In Exchange For** | **In Exchange For** | **Settlement** <br>**Date**<br>| **Unrealized** <br>**Depreciation ($)**<br>| **Counterparty** |
| &nbsp;&nbsp; USD | 1733436 | JPY | 254990000 | 10/10/2025 | (29867)<br>| State Street Bank and Trust  |
| &nbsp;&nbsp; USD | 4963565 | CAD | 6780000 | 10/10/2025 | (53672)<br>| State Street Bank and Trust  |
| &nbsp;&nbsp; USD | 7725375 | GBP | 5730000 | 10/10/2025 | (153146)<br>| State Street Bank and Trust  |
| &nbsp;&nbsp; USD | 17061645 | EUR | 14549604 | 10/10/2025 | (383989)<br>| Citigroup, Inc.  |
| **Total unrealized depreciation** | **Total unrealized depreciation** | **Total unrealized depreciation** | **Total unrealized depreciation** | **Total unrealized depreciation** | **(620674)**<br>|  |

---

***Currency Abbreviation(s)***

------

---

| | |
|:---|:---|
| *CAD* | *Canadian Dollar* |
| *EUR* | *Euro* |
| *GBP* | *British Pound* |
| *JPY* | *Japanese Yen* |
| *MXN* | *Mexican Peso* |
| *USD* | *United States Dollar* |

---

------

***Fair Value Measurements***

*Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.*

*The following is a summary of the inputs used as of July 31, 2025 in valuing the Fund's investments.* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Assets** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stocks  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Communication Services  | $15979754 | &nbsp;&nbsp; $108867 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $16088621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Discretionary  | 12976663 | &nbsp;&nbsp; 7098905 | &nbsp;&nbsp; — | &nbsp;&nbsp; 20075568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples  | 6083002 | &nbsp;&nbsp; 4525816 | &nbsp;&nbsp; — | &nbsp;&nbsp; 10608818 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy  | 6584666 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 6584666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financials  | 22829138 | &nbsp;&nbsp; 11445196 | &nbsp;&nbsp; — | &nbsp;&nbsp; 34274334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care  | 8673423 | &nbsp;&nbsp; 7507111 | &nbsp;&nbsp; — | &nbsp;&nbsp; 16180534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrials  | 11707899 | &nbsp;&nbsp; 8077740 | &nbsp;&nbsp; — | &nbsp;&nbsp; 19785639 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Information Technology  | 47872819 | &nbsp;&nbsp; 4405909 | &nbsp;&nbsp; — | &nbsp;&nbsp; 52278728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Materials  | 7232242 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 7232242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real Estate  | 2579192 | &nbsp;&nbsp; 1135180 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3714372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Utilities  | 3902266 | &nbsp;&nbsp; 1261095 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5163361 |
| Preferred Stocks (a) | 15718180 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 15718180 |
| Rights  |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 1122 | &nbsp;&nbsp; 1122 |
| Warrants  |  | &nbsp;&nbsp; — | &nbsp;&nbsp; 838 | &nbsp;&nbsp; 838 |
| Corporate Bonds (a) |  | &nbsp;&nbsp; 145768607 | &nbsp;&nbsp; — | &nbsp;&nbsp; 145768607 |
| Asset-Backed (a) |  | &nbsp;&nbsp; 49617391 | &nbsp;&nbsp; — | &nbsp;&nbsp; 49617391 |
| Mortgage-Backed Securities Pass-Throughs  |  | &nbsp;&nbsp; 34882269 | &nbsp;&nbsp; — | &nbsp;&nbsp; 34882269 |
| Commercial Mortgage-Backed Securities  |  | &nbsp;&nbsp; 17478579 | &nbsp;&nbsp; — | &nbsp;&nbsp; 17478579 |
| Collateralized Mortgage Obligations  |  | &nbsp;&nbsp; 24682218 | &nbsp;&nbsp; — | &nbsp;&nbsp; 24682218 |
| Government & Agency Obligations (a) |  | &nbsp;&nbsp; 56215168 | &nbsp;&nbsp; — | &nbsp;&nbsp; 56215168 |
| Loan Participations and Assignments  |  | &nbsp;&nbsp; 2431784 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2431784 |
| Exchange-Traded Funds  | 19698714 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 19698714 |
| Short-Term Investments (a) | 57067706 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 57067706 |
| Derivatives (b) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts  | 6224613 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 6224613 |
| **Total** | **$245130277** | &nbsp;&nbsp; **$376641835** | &nbsp;&nbsp; **$1960** | &nbsp;&nbsp; **$621774072** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Liabilities** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Derivatives (b) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts  | $(588084)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(588084)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest Rate Swap Contracts  |  | &nbsp;&nbsp; (721606)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (721606)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Contracts  |  | &nbsp;&nbsp; (620674)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (620674)<br>|
| **Total** | **$(588084)**<br>| &nbsp;&nbsp; **$(1342280)**<br>| &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$(1930364)**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* *See Investment Portfolio for additional detailed categorizations.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(b)* *Derivatives include unrealized appreciation (depreciation) on open futures contracts, interest rate swap contracts and forward* *foreign currency contracts.* 

The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc. which offers investment products or DWS Investment Management Americas Inc. and RREEF America L.L.C. which offer advisory services.

DGIBF-PH3

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** DEUTSCHE DWS MARKET TRUST

- **b. Investment Company Act file number:** 811-01236

- **c. CIK number of Registrant:** 0000095603

- **d. LEI of Registrant:** IFRD7YR9ULMP0L9V6675

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

  - **Street Address 1:** 875 Third Avenue

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10022-6225

  - **Telephone number:** 212-454-4500

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

- **a. Name of Series:** DWS Global Income Builder Fund

- **b. EDGAR series identifier (if any):** S000006138

- **c. LEI of Series:** NNNPSIE2ND8S9MGMMP15

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $618231411.14

**Total Liabilities:** $35840122.30

**Net Assets:** $582391288.84

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1057.16000000 | **1-Year:** -9902.42000000 | **5-Year:** -32739.98000000 | **10-Year:** -32734.42000000 | **30-Year:** -23494.89000000

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

- **3-Month:** -147.40000000 | **1-Year:** -3841.36000000 | **5-Year:** -8991.39000000 | **10-Year:** -5227.65000000 | **30-Year:** -5121.80000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000148117 | 4.27%                | 2.97%                | -0.11%               |
| Class ID C000016900 | 4.27%                | 2.95%                | -0.11%               |
| Class ID C000016894 | 4.26%                | 2.88%                | -0.11%               |
| Class ID C000016897 | 4.14%                | 2.88%                | -0.22%               |
| Class ID C000016899 | 4.26%                | 2.93%                | -0.11%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $248863.49               | $11111703.08                               |
| Month 2  | $1559295.52              | $8307269.29                                |
| Month 3  | $1859188.39              | $-5443937.71                               |

**Designated Index Information**

- **Index Name:** 50% MSCI World Index in EUR, 13% BBG U.S. Corporate High Yield Index, 11% BBG EM USD Aggregate Index, 7% BBG U.S. Credit Index, 6% MSCI EM Index, 5% BBG Treasury Index, 4% BBG MBS Index, 2.5%BBG ABS Index, 1.5% BBG CMBS Investment Grade Index

- **Index Identifier:** MSWBA_MIX

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SYNCHRONY BANK                                                                      | Synchrony Bank                                                                                                        | CUSIP: 87166FAE3<br>LEI: 549300UATVPGSLE43Z27 | Long             | DBT              | CORP              | US        |    250000 | PA      | $254177.69    | 0.04%             | 2027-08-23      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                                            | Mars Inc                                                                                                              | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    989000 | PA      | $993734.53    | 0.17%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Hong Kong Exchanges & Clearing Ltd                                                  | Hong Kong Exchanges & Clearing Ltd                                                                                    | CUSIP: 000000000<br>LEI: 213800YTVSXYQN17BW16 | Long             | EC               | CORP              | HK        |     16700 | NS      | $903965.57    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                                       | Boeing Co/The                                                                                                         | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1318996.30   | 0.23%             | 2054-05-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| MDGH GMTN RSC LTD                                                                   | MDGH GMTN RSC Ltd                                                                                                     | CUSIP: 000000000<br>LEI: 213800WRY6FRL9IXLT77 | Long             | DBT              | CORP              | AE        |    245000 | PA      | $180810.98    | 0.03%             | 2049-11-07      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                                                     | CUSIP: 3136BQUL1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1581379 | PA      | $1348012.85   | 0.23%             | 2053-11-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EQT Corp                                                                            | EQT Corp                                                                                                              | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     11000 | NS      | $591250.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NetEase Inc                                                                         | NetEase Inc                                                                                                           | CUSIP: 64110W102<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |      1000 | NS      | $130300.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                              | NextEra Energy Capital Holdings Inc                                                                                   | CUSIP: 65339KDE7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1692851.59   | 0.29%             | 2055-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                                            | Madison Park Funding XXXVIII Ltd                                                                                      | CUSIP: 55821KAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    950000 | PA      | $952376.90    | 0.16%             | 2034-07-17      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| Hercules Trust II                                                                   | HERCULES TR II                                                                                                        | CUSIP: 427098116<br>LEI: N/A                  | N/A              | DE               |  | US        |       506 | NS      | $838.20       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Sixth Street CLO LTD.                                                               | Sixth Street CLO 29 Ltd                                                                                               | CUSIP: 83013BAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500782.00    | 0.09%             | 2038-07-17      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| Kone Oyj                                                                            | Kone Oyj                                                                                                              | CUSIP: 000000000<br>LEI: 2138001CNF45JP5XZK38 | Long             | EC               | CORP              | FI        |      7182 | NS      | $440095.96    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayview Opportunity Master Fund VII                                                 | Bayview Opportunity Master Fund VII 2024-CAR1 LLC                                                                     | CUSIP: 07336QAB8<br>LEI: 254900S53K9VTUR1UX42 | Long             | ABS-O            | CORP              | US        |    128634 | PA      | $129198.53    | 0.02%             | 2031-12-26      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                                       | PURCHASED JPY / SOLD USD                                                                                              | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | JP        |         1 | NC      | $-29867.48    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                                                              | Blackstone Private Credit Fund                                                                                        | CUSIP: 09261HBW6<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    850000 | PA      | $844469.29    | 0.15%             | 2034-11-22      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Octagon 63 Ltd                                                                      | Octagon 63 Ltd                                                                                                        | CUSIP: 67578VAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1900000 | PA      | $1904704.40   | 0.33%             | 2037-07-20      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                            | Sumitomo Mitsui Financial Group Inc                                                                                   | CUSIP: 86562MDW7<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   2100000 | PA      | $2085230.91   | 0.36%             | N/A             | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| BUNGE LTD FINANCE CORP                                                              | Bunge Ltd Finance Corp                                                                                                | CUSIP: 120568BK5<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |    700000 | PA      | $706378.95    | 0.12%             | 2032-04-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                                 | JPMorgan Chase & Co                                                                                                   | CUSIP: 48128BAQ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2090346.00   | 0.36%             | N/A             | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                                       | J.P. Morgan Chase Commercial Mortgage Securities Trust 2019-OSB                                                       | CUSIP: 46651EAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $467109.35    | 0.08%             | 2039-06-05      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                            | Ford Motor Credit Co LLC                                                                                              | CUSIP: 345397A86<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    635000 | PA      | $618639.99    | 0.11%             | 2027-08-17      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                                                        | Ares LXXVII CLO Ltd                                                                                                   | CUSIP: 03990KAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $752725.50    | 0.13%             | 2038-07-15      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Bank                                                                                | BANK 2025-BNK50                                                                                                       | CUSIP: 064908AN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    980000 | PA      | $1018108.87   | 0.17%             | 2068-05-15      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| KBC Group NV                                                                        | KBC Group NV                                                                                                          | CUSIP: 000000000<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | EC               | CORP              | BE        |      1430 | NS      | $149050.92    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                                                                   | General Motors Co                                                                                                     | CUSIP: 37045VBB5<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    580000 | PA      | $599643.88    | 0.10%             | 2035-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Progressive Corp/The                                                                | Progressive Corp/The                                                                                                  | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     36110 | NS      | $8740064.40   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| PARAMOUNT GLOBAL                                                                    | Paramount Global                                                                                                      | CUSIP: 92556HAB3<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    850000 | PA      | $828891.63    | 0.14%             | 2031-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Brex Inc                                                                            | Brex Commercial Charge Card Master Trust                                                                              | CUSIP: 05601DAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $402455.88    | 0.07%             | 2027-07-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                                              | CCO Holdings LLC / CCO Holdings Capital Corp                                                                          | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    990000 | PA      | $981895.25    | 0.17%             | 2027-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                            | Celanese US Holdings LLC                                                                                              | CUSIP: 15089QAW4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    270000 | PA      | $281076.75    | 0.05%             | 2028-11-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley                                                                                                        | CUSIP: 61762V606<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     75000 | NS      | $1786500.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS ENERGY CORP                                                                     | CMS Energy Corp                                                                                                       | CUSIP: 125896BV1<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1708017.35   | 0.29%             | 2050-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                                                    | Bank of Montreal                                                                                                      | CUSIP: 063671101<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | EC               | CORP              | CA        |      1100 | NS      | $121415.99    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                                                                     | ASML Holding NV                                                                                                       | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |       220 | NS      | $152294.10    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                              | NextEra Energy Capital Holdings Inc                                                                                   | CUSIP: 65339KDB3<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    537000 | PA      | $560292.38    | 0.10%             | 2054-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust Series 2025-DSC1                                                                             | CUSIP: 46593TAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    785196 | PA      | $787502.05    | 0.14%             | 2065-09-25      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| Amphenol Corp                                                                       | Amphenol Corp                                                                                                         | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     81525 | NS      | $8683227.75   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ACRISURE LLC / FIN INC                                                              | Acrisure LLC / Acrisure Finance Inc                                                                                   | CUSIP: 004961AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1714000 | PA      | $1735422.94   | 0.30%             | 2032-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                                                      | CUSIP: 31425XDT3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3882695 | PA      | $3957847.32   | 0.68%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEVADA POWER CO                                                                     | Nevada Power Co                                                                                                       | CUSIP: 641423CG1<br>LEI: MJZFGXRJ52U8U4MKJ519 | Long             | DBT              | CORP              | US        |    510000 | PA      | $512649.75    | 0.09%             | 2054-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AGNC Investment Corp                                                                | AGNC Investment Corp                                                                                                  | CUSIP: 00123Q500<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               |  | US        |     64439 | NS      | $1667681.32   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Hertz Vehicle Financing LLC                                                         | Hertz Vehicle Financing III LLC                                                                                       | CUSIP: 42806MBU2<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   1720000 | PA      | $1732514.38   | 0.30%             | 2027-06-25      | Fixed         | 6.91%                 | No            |                  2 | On Loan: No      |
| Singapore Telecommunications Ltd                                                    | Singapore Telecommunications Ltd                                                                                      | CUSIP: 000000000<br>LEI: 2549003XJKIQO8YDYD89 | Long             | EC               | CORP              | SG        |     36500 | NS      | $108866.87    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes                                                  | Ally Bank Auto Credit-Linked Notes Series 2024-B                                                                      | CUSIP: 02007G4E0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    178913 | PA      | $178849.12    | 0.03%             | 2032-09-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                                                     | MVW 2025-1 LLC                                                                                                        | CUSIP: 627924AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    471826 | PA      | $470647.83    | 0.08%             | 2042-09-22      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                                  | Energy Transfer LP                                                                                                    | CUSIP: 29273VAX8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    825000 | PA      | $878860.07    | 0.15%             | 2054-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Mahindra & Mahindra Ltd                                                             | Mahindra & Mahindra Ltd                                                                                               | CUSIP: 000000000<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |    139833 | NS      | $5047971.30   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| BX Trust 2019-OC11                                                                  | BX Trust 2019-OC11                                                                                                    | CUSIP: 05606FAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $652391.74    | 0.11%             | 2041-12-09      | Variable      | 3.94%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                                                               | Foundry JV Holdco LLC                                                                                                 | CUSIP: 350930AH6<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    668000 | PA      | $682661.81    | 0.12%             | 2036-01-25      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                            | AT&T Inc                                                                                                              | CUSIP: 00206R300<br>LEI: 549300Z40J86GGSTL398 | Long             | EP               | CORP              | US        |    100000 | NS      | $2318000.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                              | Pacific Gas and Electric Co                                                                                           | CUSIP: 694308KT3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    286000 | PA      | $268068.38    | 0.05%             | 2054-10-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN PUBLIC SERV                                                            | Southwestern Public Service Co                                                                                        | CUSIP: 845743BX0<br>LEI: OL6FE7QD5EQ3DOYEO258 | Long             | DBT              | CORP              | US        |   1210000 | PA      | $1215794.98   | 0.21%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Unilever PLC                                                                        | Unilever PLC                                                                                                          | CUSIP: 000000000<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |      4326 | NS      | $250504.62    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                                                                | Saudi Arabian Oil Co                                                                                                  | CUSIP: 80414L3F0<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |   1105000 | PA      | $1120689.90   | 0.19%             | 2055-06-02      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| IRV Trust                                                                           | IRV Trust 2025-200P                                                                                                   | CUSIP: 45006HAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    667000 | PA      | $658415.98    | 0.11%             | 2047-03-14      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                                                                | Tencent Holdings Ltd                                                                                                  | CUSIP: 88032Q109<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |     80700 | NS      | $5654649.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                                                              | CUSIP: 38384CTB5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1110906 | PA      | $1110840.71   | 0.19%             | 2053-08-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2023-1 A PTT                                                             | United Airlines 2023-1 Class A Pass Through Trust                                                                     | CUSIP: 90932LAJ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1306159 | PA      | $1331639.72   | 0.23%             | 2036-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Allegro CLO Ltd                                                                     | Allegro CLO V-S Ltd                                                                                                   | CUSIP: 01750RAG5<br>LEI: 2138003E5WTFBR7NV267 | Long             | ABS-CBDO         | CORP              | JE        |   2200000 | PA      | $2206052.20   | 0.38%             | 2037-07-24      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                                                   | State Street Corp                                                                                                     | CUSIP: 857477CS0<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   1491000 | PA      | $1514979.75   | 0.26%             | N/A             | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                            | Ford Motor Credit Co LLC                                                                                              | CUSIP: 345397D59<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    350000 | PA      | $362206.40    | 0.06%             | 2028-11-07      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| BPR Trust                                                                           | BPR Trust 2021-TY                                                                                                     | CUSIP: 05592AAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $597021.60    | 0.10%             | 2038-09-15      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| Costco Wholesale Corp                                                               | Costco Wholesale Corp                                                                                                 | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      5355 | NS      | $5031772.20   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiwa House Industry Co Ltd                                                         | Daiwa House Industry Co Ltd                                                                                           | CUSIP: 000000000<br>LEI: 353800K9WXR9XRZJZI46 | Long             | EC               | CORP              | JP        |     19500 | NS      | $645093.46    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                                       | PURCHASED GBP / SOLD USD                                                                                              | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | GB        |         1 | NC      | $-153145.68   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                                             | United Rentals North America Inc                                                                                      | CUSIP: 911365BQ6<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    620000 | PA      | $631098.62    | 0.11%             | 2029-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Cognizant Technology Solutions Corp                                                 | Cognizant Technology Solutions Corp                                                                                   | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |      5500 | NS      | $394680.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                            | Charter Communications Operating LLC / Charter Communications Operating Capital                                       | CUSIP: 161175CQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    720000 | PA      | $751073.69    | 0.13%             | 2029-06-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                                        | Broadcom Inc                                                                                                          | CUSIP: 11135FBF7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    350000 | PA      | $299390.58    | 0.05%             | 2033-02-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Bank Hapoalim BM                                                                    | Bank Hapoalim BM                                                                                                      | CUSIP: 000000000<br>LEI: B6ARUI4946ST4S7WOU88 | Long             | EC               | CORP              | IL        |     24681 | NS      | $463443.36    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Airbus SE                                                                           | Airbus SE                                                                                                             | CUSIP: 000000000<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |     17111 | NS      | $3426698.90   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                                   | EURO STOXX 50 SEP25                                                                                                   | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |       255 | NC      | $2747.94      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                                                     | CSAIL 2016-C6 Commercial Mortgage Trust                                                                               | CUSIP: 12636MAJ7<br>LEI: 549300C2HE5FJAWYZL57 | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $485806.85    | 0.08%             | 2049-01-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                                  | Energy Transfer LP                                                                                                    | CUSIP: 226373AT5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    500000 | PA      | $522971.15    | 0.09%             | 2031-02-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Mitsui Fudosan Co Ltd                                                               | Mitsui Fudosan Co Ltd                                                                                                 | CUSIP: 000000000<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | EC               | CORP              | JP        |     26700 | NS      | $239043.46    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| PAYCHEX INC                                                                         | Paychex Inc                                                                                                           | CUSIP: 704326AB3<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |   1161000 | PA      | $1190062.47   | 0.20%             | 2032-04-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC                                                                    | DT Midstream Inc                                                                                                      | CUSIP: 23345MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1926119.20   | 0.33%             | 2029-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                                               | Mexico Government International Bonds                                                                                 | CUSIP: 91087BAZ3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    260000 | PA      | $254800.00    | 0.04%             | 2036-05-07      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                                   | HSBC Holdings PLC                                                                                                     | CUSIP: 404280EL9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    570000 | PA      | $578482.47    | 0.10%             | 2035-11-18      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| Texas Debt Capital CLO, Ltd                                                         | Texas Debt Capital CLO 2023-I Ltd                                                                                     | CUSIP: 88238CAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1502083.50   | 0.26%             | 2038-07-20      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| THE 2023-MIC Trust                                                                  | 2023-MIC Trust/THE                                                                                                    | CUSIP: 87256GAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $974075.31    | 0.17%             | 2038-12-05      | Variable      | 9.53%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                                    | T-Mobile USA Inc                                                                                                      | CUSIP: 87264AAX3<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    335000 | PA      | $295961.82    | 0.05%             | 2040-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                              | Santander Drive Auto Receivables Trust 2023-3                                                                         | CUSIP: 80285XAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $406443.08    | 0.07%             | 2030-11-15      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd                                                              | DBS Group Holdings Ltd                                                                                                | CUSIP: 000000000<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |     19200 | NS      | $706202.96    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| 20 TSQ GroundCo LLC                                                                 | 20 Times Square Trust 2018-20TS                                                                                       | CUSIP: 90137LAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $744000.00    | 0.13%             | 2035-05-15      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                              | US LONG BOND(CBT) SEP25                                                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -18 | NC      | $-39282.80    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY ARKANSAS LLC                                                                | Entergy Arkansas LLC                                                                                                  | CUSIP: 29366MAG3<br>LEI: 549300A0I5ONUIFMLP35 | Long             | DBT              | CORP              | US        |    810000 | PA      | $806704.39    | 0.14%             | 2054-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                                      | NRG Energy Inc                                                                                                        | CUSIP: 629377CP5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1370000 | PA      | $1298130.47   | 0.22%             | 2027-12-02      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINE HOLDCO                                                            | Columbia Pipelines Holding Co LLC                                                                                     | CUSIP: 19828AAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    550000 | PA      | $557815.59    | 0.10%             | 2034-01-15      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                                                  | Canadian Imperial Bank of Commerce                                                                                    | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |     43900 | NS      | $3137570.01   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| The Huntington National Bank                                                        | Huntington Bank Auto Credit-Linked Notes Series 2024-1                                                                | CUSIP: 44644NAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    277608 | PA      | $281106.53    | 0.05%             | 2032-05-20      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Kimco Realty Corp                                                                   | Kimco Realty Corp                                                                                                     | CUSIP: 49446R737<br>LEI: 254900ARY41P4V1JL861 | Long             | EP               |  | US        |     75000 | NS      | $1533750.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                                              | Canadian Imperial Bank of Commerce                                                                                    | CUSIP: 13607PNF7<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2010752.90   | 0.35%             | 2085-01-28      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Nucor Corp                                                                          | Nucor Corp                                                                                                            | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |     45700 | NS      | $6538299.00   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E CORP                                                                           | PG&E Corp                                                                                                             | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    525000 | PA      | $506615.78    | 0.09%             | 2055-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                                         | S+P500 EMINI FUT SEP25                                                                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        19 | NC      | $195751.91    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                                                            | Western Midstream Operating LP                                                                                        | CUSIP: 958667AG2<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    525000 | PA      | $514729.01    | 0.09%             | 2034-11-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Next PLC                                                                            | Next PLC                                                                                                              | CUSIP: 000000000<br>LEI: 213800WQD8ECPZP9PH98 | Long             | EC               | CORP              | GB        |      3719 | NS      | $604250.93    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                       | Citigroup Inc                                                                                                         | CUSIP: 172967PR6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    800000 | PA      | $803381.60    | 0.14%             | N/A             | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CyrusOne Data Centers Issuer I LLC                                                  | CyrusOne Data Centers Issuer I LLC                                                                                    | CUSIP: 23284BAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1214674.38   | 0.21%             | 2049-05-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                               | Wells Fargo & Co                                                                                                      | CUSIP: 94988U656<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |     75000 | NS      | $1794000.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Securitized Term Auto Receivables Trust                                             | Securitized Term Auto Receivables Trust                                                                               | CUSIP: 81378RAC8<br>LEI: 254900DVX7EZK9JMUP63 | Long             | ABS-O            | CORP              | CA        |    347823 | PA      | $348667.47    | 0.06%             | 2031-07-25      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| BXP Trust                                                                           | BXP Trust 2021-601L                                                                                                   | CUSIP: 05607TAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1650000 | PA      | $1403959.43   | 0.24%             | 2044-01-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 43 Ltd                                                                  | Elmwood CLO 43 Ltd                                                                                                    | CUSIP: 29004KAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    522000 | PA      | $522068.38    | 0.09%             | 2038-07-20      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| BXP Trust                                                                           | BXP Trust 2021-601L                                                                                                   | CUSIP: 05607TAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $631632.68    | 0.11%             | 2044-01-15      | Variable      | 2.77%                 | No            |                  2 | On Loan: No      |
| Rad CLO Ltd                                                                         | RAD CLO 23 Ltd                                                                                                        | CUSIP: 75009CAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3517629.50   | 0.60%             | 2037-04-20      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Tokyo Electron Ltd                                                                  | Tokyo Electron Ltd                                                                                                    | CUSIP: 000000000<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |     23800 | NS      | $4253615.46   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                                                 | Exeter Automobile Receivables Trust                                                                                   | CUSIP: 30166XAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    272000 | PA      | $273989.57    | 0.05%             | 2031-10-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| PayPal Holdings Inc                                                                 | PayPal Holdings Inc                                                                                                   | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      5100 | NS      | $350676.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                                                        | Alphabet Inc                                                                                                          | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     17017 | NS      | $3265562.30   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae                                                                                                            | CUSIP: 21H052686<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   7000000 | PA      | $6981954.00   | 1.20%             | 2054-08-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ICE Futures Europe - Financial Products Division                                    | FTSE 100 IDX FUT SEP25                                                                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | GB        |        82 | NC      | $278154.55    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc                                                            | Microchip Technology Inc                                                                                              | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     75300 | NS      | $5089527.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| CODELCO INC                                                                         | Corp Nacional del Cobre de Chile                                                                                      | CUSIP: 21987BBM9<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    416000 | PA      | $427024.00    | 0.07%             | 2055-01-13      | Fixed         | 6.78%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                                       | J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-PHH                                                       | CUSIP: 46650FAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1550537 | PA      | $1320366.35   | 0.23%             | 2035-06-15      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                                                                | Saudi Arabian Oil Co                                                                                                  | CUSIP: 80414L2P9<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    573000 | PA      | $538496.23    | 0.09%             | 2054-07-17      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                                                                       | Aircastle Ltd                                                                                                         | CUSIP: 00928QAX9<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |    530000 | PA      | $553722.95    | 0.10%             | 2028-07-18      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                       | Citigroup Inc                                                                                                         | CUSIP: 17327CAV5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    800000 | PA      | $806481.60    | 0.14%             | N/A             | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                                                      | NRG Energy Inc                                                                                                        | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     20097 | NS      | $3360218.40   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARLES SCHWAB CORP                                                                 | Charles Schwab Corp/The                                                                                               | CUSIP: 808513600<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |     75000 | NS      | $1874250.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| JW Commercial Mortgage Trust 2024-MRCO                                              | JW Commercial Mortgage Trust 2024-MRCO                                                                                | CUSIP: 46657XAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    970000 | PA      | $970303.13    | 0.17%             | 2039-06-15      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                                                              | CUSIP: 38385FE31<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2465630 | PA      | $2322365.46   | 0.40%             | 2055-04-20      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Lam Research Corp                                                                   | Lam Research Corp                                                                                                     | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      5300 | NS      | $502652.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| 3i Group PLC                                                                        | 3i Group PLC                                                                                                          | CUSIP: 000000000<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |     46845 | NS      | $2560999.14   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                                       | PURCHASED CAD / SOLD USD                                                                                              | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | CA        |         1 | NC      | $-53671.57    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Edison International                                                                | Edison International                                                                                                  | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     10400 | NS      | $542048.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MATTEL INC                                                                          | Mattel Inc                                                                                                            | CUSIP: 577081BD3<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1703950.80   | 0.29%             | 2027-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Fontainebleau Miami Beach Trust                                                     | Fontainebleau Miami Beach Mortgage Trust 2024-FBLU                                                                    | CUSIP: 34461WAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    563000 | PA      | $563328.45    | 0.10%             | 2039-12-15      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                          | US Bancorp                                                                                                            | CUSIP: 91159HJR2<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   1010000 | PA      | $1046628.24   | 0.18%             | 2035-01-23      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC                                                              | BP Capital Markets PLC                                                                                                | CUSIP: 05565QDX3<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |   2425000 | PA      | $2432055.42   | 0.42%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                                                                    | Novo Nordisk A/S                                                                                                      | CUSIP: 000000000<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |     14554 | NS      | $678746.81    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Goodman Group                                                                       | Goodman Group                                                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |     11213 | NS      | $251043.16    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CONTRA ABIOMED INC                                                                  | CONTRA ABIOMED INC                                                                                                    | CUSIP: 003CVR016<br>LEI: N/A                  | Long             |  | CORP              | US        |      1100 | NS      | $1122.00      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ARES CLO Ltd                                                                        | Ares LIX CLO Ltd                                                                                                      | CUSIP: 04018EAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    900000 | PA      | $826555.50    | 0.14%             | 2034-04-25      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corp                                                                | Lockheed Martin Corp                                                                                                  | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |     11000 | NS      | $4630780.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO/THE                                                                       | Boeing Co/The                                                                                                         | CUSIP: 097023DP7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    770000 | PA      | $789661.26    | 0.14%             | 2027-05-01      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| Daiichi Sankyo Co Ltd                                                               | Daiichi Sankyo Co Ltd                                                                                                 | CUSIP: 000000000<br>LEI: 353800XGIU2IHQGC9504 | Long             | EC               | CORP              | JP        |     59900 | NS      | $1470189.00   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                                                        | Ares XLI Clo Ltd                                                                                                      | CUSIP: 04016DAU9<br>LEI: 549300X38KZ67Q2FQG11 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2009592.00   | 0.35%             | 2034-04-15      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                                                              | Switch ABS Issuer LLC                                                                                                 | CUSIP: 871044AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $399815.00    | 0.07%             | 2054-06-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp                                                                      | Microsoft Corp                                                                                                        | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      9709 | NS      | $5179751.50   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY TRANSFER LP                                                                  | Energy Transfer LP                                                                                                    | CUSIP: 29273VAJ9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    735000 | PA      | $731177.34    | 0.13%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                                                                    | CUSIP: 3137FVSN3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2794015 | PA      | $334886.13    | 0.06%             | 2050-07-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Enel SpA                                                                            | Enel SpA                                                                                                              | CUSIP: 000000000<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |     17568 | NS      | $155064.44    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                              | US 2YR NOTE (CBT) SEP25                                                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       176 | NC      | $-38456.57    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                                                                     | Tyson Foods Inc                                                                                                       | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     20100 | NS      | $1051230.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BENCHMARK Mortgage Trust                                                            | Benchmark 2020-IG3 Mortgage Trust                                                                                     | CUSIP: 08162QAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $345284.52    | 0.06%             | 2048-09-15      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies                                                    | Carlyle Global Market Strategies CLO 2012-4 Ltd                                                                       | CUSIP: 14309YCE2<br>LEI: 549300R4G5ROMXQ5CG20 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001147.00   | 0.17%             | 2032-04-22      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                            | Long: SDWDRJX50 IRS USD R F  3.90650 BDWDRJX68 CCPVANILLA / Short: SDWDRJX50 IRS USD P V 06MSOFR BDWDRJX76 CCPVANILLA | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  18500000 | OU      | $-388873.70   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                                  | Energy Transfer LP                                                                                                    | CUSIP: 29273VBC3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    700000 | PA      | $717790.50    | 0.12%             | 2054-10-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: —       |
| SOCIETE GENERALE                                                                    | Societe Generale SA                                                                                                   | CUSIP: 83368RBL5<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1275000 | PA      | $1321142.73   | 0.23%             | 2033-06-15      | Fixed         | 6.22%                 | No            |                  2 | On Loan: —       |
| Regatta 34 Funding Ltd.                                                             | Regatta 34 Funding Ltd                                                                                                | CUSIP: 75904BAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    650000 | PA      | $653033.55    | 0.11%             | 2038-07-20      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| Gold Fields Ltd                                                                     | Gold Fields Ltd                                                                                                       | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |     28487 | NS      | $693943.32    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD Co Ltd                                                                          | BYD Co Ltd                                                                                                            | CUSIP: 05606L100<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |     30600 | NS      | $448290.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Rheinmetall AG                                                                      | Rheinmetall AG                                                                                                        | CUSIP: 000000000<br>LEI: 5299001OU9CSE29O6S05 | Long             | EC               | CORP              | DE        |      1254 | NS      | $2483326.19   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                            | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                                                             | CUSIP: 00774MBK0<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1000000 | PA      | $1046200.67   | 0.18%             | 2055-03-10      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Trane Technologies PLC                                                              | Trane Technologies PLC                                                                                                | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      8549 | NS      | $3745145.92   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Apidos CLO Ltd                                                                      | Apidos CLO XVIII-R                                                                                                    | CUSIP: 03767NAY2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001942.00   | 0.17%             | 2038-01-22      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Olin Corp                                                                           | Olin Corp                                                                                                             | CUSIP: 680665AK2<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1005630.15   | 0.17%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kerry Group PLC                                                                     | Kerry Group PLC                                                                                                       | CUSIP: 000000000<br>LEI: 635400TLVVBNXLFHWC59 | Long             | EC               | CORP              | IE        |      1317 | NS      | $121678.32    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp                                                                         | NVIDIA Corp                                                                                                           | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     40199 | NS      | $7150196.13   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                                                           | Adobe Inc                                                                                                             | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      6206 | NS      | $2219824.14   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                                                                             | GSK PLC                                                                                                               | CUSIP: 000000000<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |    104380 | NS      | $1919056.88   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                                    | Societe Generale SA                                                                                                   | CUSIP: 83368RCG5<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1260000 | PA      | $1285071.72   | 0.22%             | 2031-05-22      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| CBRE SERVICES INC                                                                   | CBRE Services Inc                                                                                                     | CUSIP: 12505BAJ9<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |    694000 | PA      | $697962.08    | 0.12%             | 2030-06-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                                    | T-Mobile USA Inc                                                                                                      | CUSIP: 87264ADD4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    460000 | PA      | $464999.22    | 0.08%             | 2054-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc                                                                        | Alphabet Inc                                                                                                          | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     14429 | NS      | $2782776.94   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Towd Point Mortgage Trust                                                           | Towd Point Mortgage Trust 2025-CRM1                                                                                   | CUSIP: 891946AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    820354 | PA      | $823100.54    | 0.14%             | 2065-01-25      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                                                                | Las Vegas Sands Corp                                                                                                  | CUSIP: 517834AM9<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    645000 | PA      | $655264.79    | 0.11%             | 2028-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PERUSAHAAN LISTRIK NEGAR                                                            | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara                                                             | CUSIP: 000000000<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |   1505000 | PA      | $1718535.70   | 0.30%             | 2025-10-25      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                             | Goldman Sachs Group Inc/The                                                                                           | CUSIP: 38141GB52<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1385000 | PA      | $1369572.21   | 0.24%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: —       |
| ORACLE CORP                                                                         | Oracle Corp                                                                                                           | CUSIP: 68389XCU7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1179935.94   | 0.20%             | 2054-09-27      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                      | Morgan Stanley                                                                                                        | CUSIP: 61747YGA7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    800000 | PA      | $825106.38    | 0.14%             | 2036-04-17      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO LTD.                                                               | Sixth Street CLO XIV Ltd                                                                                              | CUSIP: 83013NAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1600000 | PA      | $1594979.20   | 0.27%             | 2038-01-20      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Ryanair Holdings PLC                                                                | Ryanair Holdings PLC                                                                                                  | CUSIP: 000000000<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |      3371 | NS      | $99373.32     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                                                    | Paramount Global                                                                                                      | CUSIP: 124857AN3<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    320000 | PA      | $244327.72    | 0.04%             | 2045-01-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                                | Royal Bank of Canada                                                                                                  | CUSIP: 780082AT0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   3500000 | PA      | $3335019.10   | 0.57%             | 2084-11-24      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank                                                        | Huntington Bank Auto Credit-Linked Notes Series 2024-2                                                                | CUSIP: 44644NAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    351978 | PA      | $354238.76    | 0.06%             | 2032-10-20      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Jersey Mikes Funding LLC                                                            | Jersey Mike's Funding LLC                                                                                             | CUSIP: 476681AD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    598500 | PA      | $604590.22    | 0.10%             | 2055-02-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| Ferrovial SE                                                                        | Ferrovial SE                                                                                                          | CUSIP: 000000000<br>LEI: 72450022R2ZFL41Y6I04 | Long             | EC               | CORP              | NL        |     26879 | NS      | $1373410.06   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust Series 2024-6                                                                                | CUSIP: 46657YAP9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    631687 | PA      | $630330.84    | 0.11%             | 2054-12-25      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC                                                                    | DT Midstream Inc                                                                                                      | CUSIP: 23345MAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    437000 | PA      | $444510.72    | 0.08%             | 2034-12-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| DNB Bank ASA                                                                        | DNB Bank ASA                                                                                                          | CUSIP: 000000000<br>LEI: 549300GKFG0RYRRQ1414 | Long             | EC               | CORP              | NO        |      9664 | NS      | $244762.39    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                            | Warnermedia Holdings Inc                                                                                              | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    755000 | PA      | $634003.70    | 0.11%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                                         | RCKT Mortgage Trust 2024-CES7                                                                                         | CUSIP: 749414AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1028469 | PA      | $1022697.58   | 0.18%             | 2044-10-25      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| Evergreen Credit Card Trust                                                         | Evergreen Credit Card Trust                                                                                           | CUSIP: 30023JCY2<br>LEI: 5493002G9KVV6J3CNU15 | Long             | ABS-O            | CORP              | CA        |    250000 | PA      | $251498.53    | 0.04%             | 2029-05-15      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| Multifamily Structured Credit Risk                                                  | Freddie Mac Mscr Trust Mn1                                                                                            | CUSIP: 35563FAB7<br>LEI: 549300XWC4JMK6CH6K84 | Long             | ABS-MBS          | USGSE             | US        |   1098000 | PA      | $1133699.05   | 0.19%             | 2051-01-25      | Floating      | 8.10%                 | No            |                  2 | On Loan: No      |
| Public Storage                                                                      | Public Storage                                                                                                        | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               |  | US        |      1400 | NS      | $380716.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYCHEX INC                                                                         | Paychex Inc                                                                                                           | CUSIP: 704326AC1<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |    999000 | PA      | $1026639.25   | 0.18%             | 2035-04-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| ICE Futures U.S., Inc.                                                              | MSCI EMGMKT SEP25                                                                                                     | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |       226 | NC      | $-186614.08   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                                                                           | Nestle SA                                                                                                             | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |      1151 | NS      | $100492.31    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| DWS                                                                                 | DWS Government & Agency Securities Portfolio DWS Government Cash Institutional Shares                                 | CUSIP: 147539670<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   5059099 | NS      | $5059099.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Inc                                                                       | TransDigm Inc 2023 Term Loan J                                                                                        | CUSIP: 89364MCA0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   1033602 | PA      | $1037824.75   | 0.18%             | 2031-02-28      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| SIERRA PACIFIC POWER CO                                                             | Sierra Pacific Power Co                                                                                               | CUSIP: 826418BQ7<br>LEI: QB888G5GSVGE1LD1WV84 | Long             | DBT              | CORP              | US        |    290000 | PA      | $288923.98    | 0.05%             | 2054-03-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                                                            | Corebridge Financial Inc                                                                                              | CUSIP: 21871XAS8<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    700000 | PA      | $726517.37    | 0.12%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                                                            | Targa Resources Partners LP / Targa Resources Partners Finance Corp                                                   | CUSIP: 87612BBG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998701.54    | 0.17%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                                   | HSBC Holdings PLC                                                                                                     | CUSIP: 404280EV7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1950000 | PA      | $1993455.75   | 0.34%             | N/A             | Fixed         | 6.95%                 | No            |                  2 | On Loan: —       |
| BEACON FUNDING TRUST                                                                | Beacon Funding Trust                                                                                                  | CUSIP: 073952AB9<br>LEI: 984500A80A2EBF5A7C93 | Long             | DBT              | CORP              | US        |    770000 | PA      | $761877.02    | 0.13%             | 2054-08-15      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| WHARF Commercial Mortgage Trust                                                     | WHARF Commercial Mortgage Trust 2025-DC                                                                               | CUSIP: 92987LAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $202794.22    | 0.03%             | 2040-07-15      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| CBRE SERVICES INC                                                                   | CBRE Services Inc                                                                                                     | CUSIP: 12505BAK6<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |    453000 | PA      | $457348.09    | 0.08%             | 2035-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Notes                                                                                                   | CUSIP: 91282CKX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1203200 | PA      | $1217488.00   | 0.21%             | 2029-06-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                                           | Uniform Mortgage-Backed Security, TBA                                                                                 | CUSIP: 01F050684<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2100000 | PA      | $2043959.40   | 0.35%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HP INC                                                                              | HP Inc                                                                                                                | CUSIP: 40434LAS4<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |   1005000 | PA      | $1041915.40   | 0.18%             | 2035-04-25      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Carlisle Cos Inc                                                                    | Carlisle Cos Inc                                                                                                      | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      1000 | NS      | $354710.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SWCH Commercial Mortgage Trust                                                      | SWCH Commercial Mortgage Trust 2025-DATA                                                                              | CUSIP: 78489CAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $796000.00    | 0.14%             | 2042-02-15      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| BPR Trust                                                                           | BPR Trust 2024-PMDW                                                                                                   | CUSIP: 05592VAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    536000 | PA      | $540789.43    | 0.09%             | 2041-11-05      | Variable      | 5.36%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                                                              | Switch ABS Issuer LLC                                                                                                 | CUSIP: 871044AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $808606.48    | 0.14%             | 2054-03-25      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                         | Oracle Corp                                                                                                           | CUSIP: 68389XCV5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    400000 | PA      | $357387.44    | 0.06%             | 2064-09-27      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hannover Rueck SE                                                                   | Hannover Rueck SE                                                                                                     | CUSIP: 000000000<br>LEI: 529900KIN5BE45V5KB18 | Long             | EC               | CORP              | DE        |      4794 | NS      | $1454545.79   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Recruit Holdings Co Ltd                                                             | Recruit Holdings Co Ltd                                                                                               | CUSIP: 000000000<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |      4300 | NS      | $254835.49    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                                                     | CUSIP: 3136BQUM9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  11860342 | PA      | $11990771.14  | 2.06%             | 2053-11-25      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| Netflix Inc                                                                         | Netflix Inc                                                                                                           | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      1373 | NS      | $1591856.20   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                                                                   | DAX INDEX FUTURE SEP25                                                                                                | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |        52 | NC      | $141486.66    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Datacenters Issuer III, LLC                                                 | Compass Datacenters Issuer III LLC                                                                                    | CUSIP: 20469BAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    504000 | PA      | $504141.27    | 0.09%             | 2050-07-25      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| SPDR Blackstone Senior Loan ETF                                                     | SPDR Blackstone Senior Loan ETF                                                                                       | CUSIP: 78467V608<br>LEI: 549300ME4SR63Y3TRD06 | Long             | EC               | RF                | US        |     60000 | NS      | $2499000.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| The BAHA Trust                                                                      | BAHA Trust 2024-MAR                                                                                                   | CUSIP: 05493XAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1114000 | PA      | $1143976.63   | 0.20%             | 2041-12-10      | Variable      | 5.97%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                              | US 5YR NOTE (CBT) SEP25                                                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -245 | NC      | $-67597.46    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                                                              | CUSIP: 38382MA66<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3308840 | PA      | $392410.92    | 0.07%             | 2051-01-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                        | Broadcom Inc                                                                                                          | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     27690 | NS      | $8132553.00   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes                                                  | Ally Bank Auto Credit-Linked Notes Series 2024-B                                                                      | CUSIP: 02007G4D2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    178913 | PA      | $178944.87    | 0.03%             | 2032-09-15      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                            | Celanese US Holdings LLC                                                                                              | CUSIP: 15089QAM6<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    350000 | PA      | $358691.20    | 0.06%             | 2027-07-15      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                                                              | CUSIP: 38385EQJ6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    743959 | PA      | $734567.18    | 0.13%             | 2055-03-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                                                       | CUSIP: 3140QWA77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1469847 | PA      | $1496713.80   | 0.26%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Japan Tobacco Inc                                                                   | Japan Tobacco Inc                                                                                                     | CUSIP: 000000000<br>LEI: 353800Z0ENYBQO0XRJ31 | Long             | EC               | CORP              | JP        |     97400 | NS      | $2783929.63   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                                                                   | General Motors Co                                                                                                     | CUSIP: 37045VBA7<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1179645.51   | 0.20%             | 2030-04-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                                                                    | CUSIP: 3137F6K55<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1923090 | PA      | $239215.76    | 0.04%             | 2050-11-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                            | Avis Budget Rental Car Funding AESOP LLC                                                                              | CUSIP: 05377RFX7<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1503141.60   | 0.26%             | 2027-04-20      | Fixed         | 6.24%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                                           | Uniform Mortgage-Backed Security, TBA                                                                                 | CUSIP: 01F052680<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4700000 | PA      | $4675127.60   | 0.80%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                                                              | RR 35 LTD                                                                                                             | CUSIP: 74988DAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1005326.00   | 0.17%             | 2040-01-15      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                         | BNP Paribas SA                                                                                                        | CUSIP: 05565A5R0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1020000 | PA      | $1087608.66   | 0.19%             | N/A             | Fixed         | 8.50%                 | No            |                  2 | On Loan: —       |
| Shinhan Financial Group Co Ltd                                                      | Shinhan Financial Group Co Ltd                                                                                        | CUSIP: 824596100<br>LEI: 988400EB8A6G49E5KO54 | Long             | EC               | CORP              | KR        |     33900 | NS      | $1650930.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                                                                       | Citigroup Inc                                                                                                         | CUSIP: 172967PU9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    950000 | PA      | $973590.37    | 0.17%             | 2036-01-24      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| Bourzou Issuer LLC, Jamshid Issuer LLC, Cristobal Issuer LLC & COPT DC-6 Issuer LLC | Cloud Capital Holdco LP                                                                                               | CUSIP: 102104AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $606696.66    | 0.10%             | 2049-11-22      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                                                             | CF Hippolyta Issuer LLC                                                                                               | CUSIP: 12530MAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2949861 | PA      | $2256138.24   | 0.39%             | 2061-03-15      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                                                                          | ROCK Trust 2024-CNTR                                                                                                  | CUSIP: 74970WAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    635000 | PA      | $646701.72    | 0.11%             | 2041-11-13      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                               | Truist Financial Corp                                                                                                 | CUSIP: 89832QAD1<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1998700.80   | 0.34%             | N/A             | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| Anheuser-Busch InBev SA/NV                                                          | Anheuser-Busch InBev SA/NV                                                                                            | CUSIP: 000000000<br>LEI: 5493008H3828EMEXB082 | Long             | EC               | CORP              | BE        |      4228 | NS      | $243840.31    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                                                 | Dominion Energy Inc                                                                                                   | CUSIP: 25746UDV8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1434549.20   | 0.25%             | 2055-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                                                          | Samsung Electronics Co Ltd                                                                                            | CUSIP: 796050201<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |       336 | NS      | $339360.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO SANTANDER SA                                                                  | Banco Santander SA                                                                                                    | CUSIP: 05964HBK0<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $421025.89    | 0.07%             | 2035-01-17      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                                                        | Hudson Yards 2025-SPRL Mortgage Trust                                                                                 | CUSIP: 44855PAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    225000 | PA      | $230606.87    | 0.04%             | 2040-01-13      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                                                 | Synchrony Financial                                                                                                   | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     50692 | NS      | $3531711.64   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Mexico Government International Bonds                                               | Mexico Government International Bonds                                                                                 | CUSIP: 91087BBC3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    538000 | PA      | $555216.00    | 0.10%             | 2037-05-13      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE / IRELAND DAC                                                             | Aircastle Ltd / Aircastle Ireland DAC                                                                                 | CUSIP: 00929JAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    593000 | PA      | $608578.04    | 0.10%             | 2031-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                                                              | Blackstone Private Credit Fund                                                                                        | CUSIP: 09261HBU0<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1108204.03   | 0.19%             | 2029-11-22      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Arista Networks Inc                                                                 | Arista Networks Inc                                                                                                   | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     29128 | NS      | $3589152.16   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF MONTREAL                                                                    | Bank of Montreal                                                                                                      | CUSIP: 06368L8V1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $501000.00    | 0.09%             | 2085-11-26      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Prologis Inc                                                                        | Prologis Inc                                                                                                          | CUSIP: 74340W202<br>LEI: 529900DFH19P073LZ636 | Long             | EP               |  | US        |       236 | NS      | $12858.46     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORP                                                                        | Comcast Corp                                                                                                          | CUSIP: 20030NEG2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    400000 | PA      | $368503.48    | 0.06%             | 2064-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                                   | STOXX EUROPE 600 SEP25                                                                                                | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |       297 | NC      | $53009.63     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN CO                                                                         | Southern Co/The                                                                                                       | CUSIP: 842587DJ3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   1241000 | PA      | $1221064.33   | 0.21%             | 2051-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                                           | Uniform Mortgage-Backed Security, TBA                                                                                 | CUSIP: 01F060683<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  15500000 | PA      | $15714210.00  | 2.70%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TICP CLO Ltd                                                                        | TICP CLO XI Ltd                                                                                                       | CUSIP: 87249QAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $802382.40    | 0.14%             | 2037-04-25      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                                            | Vistra Operations Co LLC                                                                                              | CUSIP: 92840VAU6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1111000 | PA      | $1131026.89   | 0.19%             | 2034-12-30      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| QBE Insurance Group Ltd                                                             | QBE Insurance Group Ltd                                                                                               | CUSIP: 000000000<br>LEI: 549300D2FBW76FPUSG65 | Long             | EC               | CORP              | AU        |    183699 | NS      | $2722338.35   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Eaton Vance CLO                                                      | Morgan Stanley Eaton Vance Clo 2021-1 Ltd                                                                             | CUSIP: 61773KAA0<br>LEI: 549300IR0OSEGDTMK223 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3007461.00   | 0.52%             | 2034-10-20      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| MEXICO CETES                                                                        | Mexico Cetes                                                                                                          | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | STIV             | NUSS              | MX        | 117000000 | PA      | $5919499.80   | 1.02%             | 2026-03-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                                                                  | Expand Energy Corp                                                                                                    | CUSIP: 845467AR0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |   1080000 | PA      | $1081172.88   | 0.19%             | 2029-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Dexcom Inc                                                                          | Dexcom Inc                                                                                                            | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |      7800 | NS      | $630006.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosus NV                                                                           | Prosus NV                                                                                                             | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |     14373 | NS      | $821465.44    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                            | Long: SDWDRJX84 IRS USD R F  3.75700 BDWDRJX92 CCPVANILLA / Short: SDWDRJX84 IRS USD P V 06MSOFR BDWDRJXA9 CCPVANILLA | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   7800000 | OU      | $-332732.40   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Itau Unibanco Holding SA                                                            | Itau Unibanco Holding SA                                                                                              | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               | CORP              | BR        |    136500 | NS      | $855855.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY                                                               | Wells Fargo & Co                                                                                                      | CUSIP: 95002YAC7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1294776.25   | 0.22%             | N/A             | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                                                 | Charles Schwab Corp/The                                                                                               | CUSIP: 808513BK0<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $985757.00    | 0.17%             | N/A             | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Swiss Re AG                                                                         | Swiss Re AG                                                                                                           | CUSIP: 000000000<br>LEI: 529900PS9YW3YY29F326 | Long             | EC               | CORP              | CH        |      3128 | NS      | $560501.42    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                                                     | CUSIP: 3136BTD26<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1360681 | PA      | $1361392.96   | 0.23%             | 2054-12-25      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                                                              | Marriott International Inc/MD                                                                                         | CUSIP: 571903BU6<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |   1140000 | PA      | $1138118.90   | 0.20%             | 2037-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                                   | EURO-BUND FUTURE SEP25                                                                                                | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |       144 | NC      | $-52830.23    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                            | Ford Motor Credit Co LLC                                                                                              | CUSIP: 345397G56<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    940000 | PA      | $937431.45    | 0.16%             | 2035-02-07      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Pfizer Inc                                                                          | Pfizer Inc                                                                                                            | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    219210 | NS      | $5105400.90   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| E.ON SE                                                                             | E.ON SE                                                                                                               | CUSIP: 000000000<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | EC               | CORP              | DE        |     18332 | NS      | $334433.95    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                                                         | PURCHASED EUR / SOLD USD                                                                                              | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | XX        |         1 | NC      | $-383989.10   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| RTX CORP                                                                            | RTX Corp                                                                                                              | CUSIP: 75513ECX7<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    700000 | PA      | $762331.00    | 0.13%             | 2054-03-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                                                            | Occidental Petroleum Corp                                                                                             | CUSIP: 674599EA9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1937539.30   | 0.33%             | 2030-07-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Ginnie Mae II Pool                                                                                                    | CUSIP: 36290S6G1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     11736 | PA      | $12456.56     | 0.00%             | 2034-08-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Floating Rate Notes                                                                                     | CUSIP: 91282CLA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10010590.10  | 1.72%             | 2026-07-31      | Floating      | 4.46%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                                                            | JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl                                                            | CUSIP: 47214BAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   1087000 | PA      | $1183219.07   | 0.20%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| iShares Core International Aggregate Bond ETF                                       | iShares Core International Aggregate Bond ETF                                                                         | CUSIP: 46435G672<br>LEI: 549300FPQU8XYG8LAX15 | Long             | EC               | RF                | US        |    336985 | NS      | $17199714.40  | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| CPS Auto Trust                                                                      | CPS Auto Receivables Trust 2023-C                                                                                     | CUSIP: 223928AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $403068.44    | 0.07%             | 2029-10-15      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| Autodesk Inc                                                                        | Autodesk Inc                                                                                                          | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |     12518 | NS      | $3794330.98   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Balboa Bay Loan Funding Ltd                                                         | Balboa Bay Loan Funding 2024-1 Ltd                                                                                    | CUSIP: 05766NAA0<br>LEI: 254900ZDWC7EDY07BS61 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501330.00    | 0.09%             | 2037-07-20      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                                                      | Lowe's Cos Inc                                                                                                        | CUSIP: 548661EM5<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    300000 | PA      | $286826.94    | 0.05%             | 2053-04-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Ferrari NV                                                                          | Ferrari NV                                                                                                            | CUSIP: 000000000<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | NL        |      2480 | NS      | $1078631.47   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust                                               | Mission Lane Credit Card Master Trust                                                                                 | CUSIP: 60510MBE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1005179.70   | 0.17%             | 2030-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                                                     | Golub Capital Partners CLO 53B Ltd                                                                                    | CUSIP: 38177YAQ5<br>LEI: 254900DPK2EA9C8DGV68 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $991916.00    | 0.17%             | 2034-07-20      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| Dover Corp                                                                          | Dover Corp                                                                                                            | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |     11900 | NS      | $2155566.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                              | US ULTRA BOND CBT SEP25                                                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -44 | NC      | $-94184.38    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                                       | JP Morgan Chase Commercial Mortgage Securities Trust 2021-1MEM                                                        | CUSIP: 46654BAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $826747.20    | 0.14%             | 2042-10-09      | Variable      | 2.52%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                                                    | Paramount Global                                                                                                      | CUSIP: 124857AZ6<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1021662.13   | 0.18%             | 2029-06-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                                                            | American Airlines Inc/AAdvantage Loyalty IP Ltd                                                                       | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    155000 | PA      | $154858.67    | 0.03%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hermes International SCA                                                            | Hermes International SCA                                                                                              | CUSIP: 000000000<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |        85 | NS      | $207293.10    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| BNSF Funding Trust I                                                                | BNSF Funding Trust I                                                                                                  | CUSIP: 05567SAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1507156.97   | 0.26%             | 2055-12-15      | Fixed         | 6.61%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                                        | UBS Group AG                                                                                                          | CUSIP: 902613AD0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    743000 | PA      | $665916.87    | 0.11%             | N/A             | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| AT&T INC                                                                            | AT&T Inc                                                                                                              | CUSIP: 00206RLJ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    570000 | PA      | $382164.38    | 0.07%             | 2055-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                                                     | CUSIP: 31393ENQ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     85337 | PA      | $10366.60     | 0.00%             | 2033-09-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                                                 | Synchrony Financial                                                                                                   | CUSIP: 87165BAW3<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |   1030000 | PA      | $1037164.86   | 0.18%             | 2031-03-06      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                                 | Freddie Mac STACR Trust 2019-DNA2                                                                                     | CUSIP: 35564LAH0<br>LEI: 549300Y6KOVOWQ8OJC33 | Long             | ABS-MBS          | USGSE             | US        |    776478 | PA      | $788047.57    | 0.14%             | 2049-03-25      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| BGC GROUP INC                                                                       | BGC Group Inc                                                                                                         | CUSIP: 05555LAC5<br>LEI: 2549001IGRCG4F0RLD36 | Long             | DBT              | CORP              | US        |   1107000 | PA      | $1120016.43   | 0.19%             | 2030-04-02      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                                                        | Navient Corp                                                                                                          | CUSIP: 63938CAM0<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   1715000 | PA      | $1677693.43   | 0.29%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| Foursight Capital Automobile Receivables Trust                                      | Foursight Capital Automobile Receivables Trust 2023-2                                                                 | CUSIP: 35104AAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1530976.50   | 0.26%             | 2029-04-16      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| STANLEY BLACK & DECKER I                                                            | Stanley Black & Decker Inc                                                                                            | CUSIP: 854502AM3<br>LEI: 549300DJ09SMTO561131 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2432908.25   | 0.42%             | 2060-03-15      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| NORDEA BANK ABP                                                                     | Nordea Bank Abp                                                                                                       | CUSIP: 65558RAK5<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   1700000 | PA      | $1685896.29   | 0.29%             | N/A             | Fixed         | 6.30%                 | No            |                  2 | On Loan: —       |
| Frontier Issuer LLC                                                                 | Frontier Issuer LLC                                                                                                   | CUSIP: 35910EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $506289.20    | 0.09%             | 2053-08-20      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Carnival Corp                                                                       | Carnival Corp                                                                                                         | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | PA        |     45700 | NS      | $1360489.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                                                                     | Ulta Beauty Inc                                                                                                       | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |      5800 | NS      | $2987058.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| MARS INC                                                                            | Mars Inc                                                                                                              | CUSIP: 571676BC8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    579000 | PA      | $571325.07    | 0.10%             | 2055-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                                                 | Charles Schwab Corp/The                                                                                               | CUSIP: 808513AR6<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2353969.51   | 0.40%             | N/A             | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| QUALCOMM Inc                                                                        | QUALCOMM Inc                                                                                                          | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     15285 | NS      | $2243226.60   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                                       | J.P. Morgan Chase Commercial Mortgage Securities Trust 2016-NINE                                                      | CUSIP: 46646GAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $732490.43    | 0.13%             | 2038-09-06      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                                         | RCKT Mortgage Trust 2024-CES9                                                                                         | CUSIP: 749426AB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    496172 | PA      | $496160.61    | 0.09%             | 2044-12-25      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| DWS                                                                                 | DWS Central Cash Management Government Fund                                                                           | CUSIP: 25160K306<br>LEI: 5493003GD84DGSXJ7618 | Long             | STIV             | RF                | US        |  51814809 | NS      | $51814808.80  | 8.90%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T BANK CORPORATION                                                                | M&T Bank Corp                                                                                                         | CUSIP: 55261FAV6<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   1145000 | PA      | $1140842.53   | 0.20%             | 2036-01-16      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Cie Generale des Etablissements Michelin SCA                                        | Cie Generale des Etablissements Michelin SCA                                                                          | CUSIP: 000000000<br>LEI: 549300SOSI58J6VIW052 | Long             | EC               | CORP              | FR        |     27591 | NS      | $978031.20    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                                                         | Chemours Co/The                                                                                                       | CUSIP: 163851AE8<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |   2855000 | PA      | $2796869.06   | 0.48%             | 2027-05-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                                           | ONEOK Inc                                                                                                             | CUSIP: 682680CR2<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1653807.16   | 0.28%             | 2030-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                                   | MSCI WORLD INDEX SEP25                                                                                                | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |       776 | NC      | $3931734.25   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Sequoia Mortgage Trust                                                              | Sequoia Mortgage Trust 2024-INV1                                                                                      | CUSIP: 816939AC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1283617 | PA      | $1270731.12   | 0.22%             | 2054-10-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| VIDEOTRON LTD                                                                       | Videotron Ltd                                                                                                         | CUSIP: 92660FAT1<br>LEI: 549300LW4GNJRBECSD81 | Long             | DBT              | CORP              | CA        |    930000 | PA      | $933229.89    | 0.16%             | 2035-01-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Ajinomoto Co Inc                                                                    | Ajinomoto Co Inc                                                                                                      | CUSIP: 000000000<br>LEI: 353800UT0TLROREPIC92 | Long             | EC               | CORP              | JP        |      3600 | NS      | $94877.99     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Mercury Financial Credit Card Master Trust                                          | Mercury Financial Credit Card Master Trust                                                                            | CUSIP: 58940BAZ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $805132.24    | 0.14%             | 2029-07-20      | Fixed         | 6.56%                 | No            |                  2 | On Loan: No      |
| Skandinaviska Enskilda Banken AB                                                    | Skandinaviska Enskilda Banken AB                                                                                      | CUSIP: 000000000<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | EC               | CORP              | SE        |     90135 | NS      | $1572901.23   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                                 | Fifth Third Bancorp                                                                                                   | CUSIP: 316773605<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EP               | CORP              | US        |     75000 | NS      | $1917000.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                                                             | KeyCorp                                                                                                               | CUSIP: 493267702<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |     75000 | NS      | $1872000.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                                                                 | JPMorgan Chase & Co                                                                                                   | CUSIP: 48128AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1491000 | PA      | $1528400.24   | 0.26%             | N/A             | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES                                                               | Keysight Technologies Inc                                                                                             | CUSIP: 49338LAH6<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |   1427000 | PA      | $1467540.14   | 0.25%             | 2030-07-30      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                                                                       | AppLovin Corp                                                                                                         | CUSIP: 03831WAE8<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |    397000 | PA      | $386822.33    | 0.07%             | 2054-12-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Canadian National Railway Co                                                        | Canadian National Railway Co                                                                                          | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |      8800 | NS      | $821697.46    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AIRCASTLE LTD                                                                       | Aircastle Ltd                                                                                                         | CUSIP: 00928QAW1<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |    690000 | PA      | $685224.86    | 0.12%             | N/A             | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Notes                                                                                                   | CUSIP: 91282CMU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    878000 | PA      | $880023.52    | 0.15%             | 2030-03-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Restaurant Brands International Inc                                                 | Restaurant Brands International Inc                                                                                   | CUSIP: 76131D103<br>LEI: 5299009RXTX9DN9AKJ98 | Long             | EC               | CORP              | CA        |     21000 | NS      | $1424956.70   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Erste Group Bank AG                                                                 | Erste Group Bank AG                                                                                                   | CUSIP: 000000000<br>LEI: PQOH26KWDF7CG10L6792 | Long             | EC               | CORP              | AT        |      1165 | NS      | $106484.12    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Simon Property Group Inc                                                            | Simon Property Group Inc                                                                                              | CUSIP: 828806885<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EP               |  | US        |     17000 | NS      | $942140.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                                            | Capital One Financial Corp                                                                                            | CUSIP: 14040HCF0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1520000 | PA      | $1482980.40   | 0.25%             | N/A             | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                                                                | BlueMountain CLO XXXIV Ltd                                                                                            | CUSIP: 09631JAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $751535.25    | 0.13%             | 2035-04-20      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| HF SINCLAIR CORP                                                                    | HF Sinclair Corp                                                                                                      | CUSIP: 403949AR1<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |    837000 | PA      | $856711.09    | 0.15%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Bills                                                                                                   | CUSIP: 912797PW1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  20000000 | PA      | $19902340.20  | 3.42%             | 2025-09-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                              | Pacific Gas and Electric Co                                                                                           | CUSIP: 694308HY6<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    500000 | PA      | $359185.52    | 0.06%             | 2047-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                                                                 | Kinetik Holdings LP                                                                                                   | CUSIP: 49461MAB6<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    894000 | PA      | $914304.53    | 0.16%             | 2028-12-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                                                              | Blackstone Private Credit Fund                                                                                        | CUSIP: 09261HBS5<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1782485.30   | 0.31%             | 2030-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PAYCHEX INC                                                                         | Paychex Inc                                                                                                           | CUSIP: 704326AA5<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |    424000 | PA      | $433192.06    | 0.07%             | 2030-04-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Hilton Domestic Operating Company Inc                                               | Hilton Domestic Operating Company Inc 2023 Term Loan B4                                                               | CUSIP: 43289DAK9<br>LEI: 5493003EG7H0N1E4XV50 | Long             | LON              | CORP              | US        |   1389235 | PA      | $1393958.84   | 0.24%             | 2030-11-08      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| MercadoLibre Inc                                                                    | MercadoLibre Inc                                                                                                      | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       214 | NS      | $508012.46    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                                                                      | ICICI Bank Ltd                                                                                                        | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     49784 | NS      | $1677720.80   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Brazil Government International Bonds                                               | Brazil Government International Bonds                                                                                 | CUSIP: 105756CF5<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    950000 | PA      | $938160.19    | 0.16%             | 2033-10-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                                                                         | Exelon Corp                                                                                                           | CUSIP: 30161NBQ3<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    533000 | PA      | $544633.41    | 0.09%             | 2055-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                                                            | Charles River Laboratories International Inc                                                                          | CUSIP: 159864AG2<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |    830000 | PA      | $781870.46    | 0.13%             | 2029-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Indonesia Government International Bonds                                            | Indonesia Government International Bonds                                                                              | CUSIP: 455780DX1<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |   1700000 | PA      | $1669222.71   | 0.29%             | 2034-09-10      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KNDR Trust 2021-KIND                                                                | KIND Trust 2021-KIND                                                                                                  | CUSIP: 482606AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    396688 | PA      | $392969.01    | 0.07%             | 2038-08-15      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Wingstop Funding LLC                                                                | Wingstop Funding LLC                                                                                                  | CUSIP: 974153AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $408596.40    | 0.07%             | 2054-12-05      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| Novartis AG                                                                         | Novartis AG                                                                                                           | CUSIP: 000000000<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |     30254 | NS      | $3439118.44   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| National Grid PLC                                                                   | National Grid PLC                                                                                                     | CUSIP: 000000000<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |     55090 | NS      | $771595.91    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Floating Rate Notes                                                                                     | CUSIP: 91282CJU6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12774500 | PA      | $12787136.79  | 2.20%             | 2026-01-31      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| Charter Communications Inc                                                          | Charter Communications Inc                                                                                            | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |      9484 | NS      | $2554610.24   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| EMPRESA DE LOS FERROCARR                                                            | Empresa de los Ferrocarriles del Estado                                                                               | CUSIP: 292487AA3<br>LEI: 8755006LY8XNRFOGWN86 | Long             | DBT              | CORP              | CL        |    239000 | PA      | $139516.25    | 0.02%             | 2050-08-18      | Fixed         | 3.07%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                                        | Ecopetrol SA                                                                                                          | CUSIP: 279158AW9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   1700000 | PA      | $1692817.33   | 0.29%             | 2032-02-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                                                            | EQT Corp                                                                                                              | CUSIP: 26884LAR0<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   1235000 | PA      | $1269960.74   | 0.22%             | 2034-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Continental Finance Credit Credit Card ABS Master Trust                             | Continental Finance Credit Card ABS Master Trust                                                                      | CUSIP: 66981PAQ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $403095.84    | 0.07%             | 2032-12-15      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                                   | Iron Mountain Inc                                                                                                     | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |   2800000 | PA      | $2847818.40   | 0.49%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                                                              | Sempra                                                                                                                | CUSIP: 816851BM0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1738207.80   | 0.30%             | 2052-04-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Osaka Exchange                                                                      | NIKKEI 225 (OSE) SEP25                                                                                                | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DE               |  | JP        |       108 | NC      | $1621727.35   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NIPPON LIFE INSURANCE                                                               | Nippon Life Insurance Co                                                                                              | CUSIP: 654579AH4<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |    700000 | PA      | $617831.20    | 0.11%             | 2051-01-21      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Hin Timeshare Trust                                                                 | HINNT 2024-A LLC                                                                                                      | CUSIP: 40472QAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    224371 | PA      | $226573.90    | 0.04%             | 2043-03-15      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                                                                 | NuStar Logistics LP                                                                                                   | CUSIP: 67059TAH8<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |   3045000 | PA      | $3136943.78   | 0.54%             | 2030-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                                                                 | Delta Air Lines Inc                                                                                                   | CUSIP: 247361ZT8<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |    865000 | PA      | $827940.20    | 0.14%             | 2029-10-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Western Alliance Bank                                                               | Western Alliance Bank                                                                                                 | CUSIP: 95763PNC1<br>LEI: SI7YQSVPFZBSQ878IC17 | Long             | ABS-MBS          | CORP              | US        |    866233 | PA      | $912894.67    | 0.16%             | 2059-07-25      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| Booking Holdings Inc                                                                | Booking Holdings Inc                                                                                                  | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       218 | NS      | $1199885.08   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CHENIERE ENERGY INC                                                                 | Cheniere Energy Inc                                                                                                   | CUSIP: 16411RAK5<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |   1765000 | PA      | $1755562.35   | 0.30%             | 2028-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Bonds                                                                                                   | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1129700 | PA      | $1082217.30   | 0.19%             | 2055-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Equinix Inc                                                                         | Equinix Inc                                                                                                           | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               |  | US        |      2800 | NS      | $2198476.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp                                                                  | Expand Energy Corp                                                                                                    | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     57200 | NS      | $5993416.00   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd                                                          | Samsung Electronics Co Ltd                                                                                            | CUSIP: 796050888<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |       441 | NS      | $554337.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                                                              | CUSIP: 38383FVU4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3755828 | PA      | $447882.42    | 0.08%             | 2051-12-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Eli Lilly & Co                                                                      | Eli Lilly & Co                                                                                                        | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      1804 | NS      | $1335086.28   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Solar Loans LLC                                                              | Mosaic Solar Loan Trust 2023-1                                                                                        | CUSIP: 61945VAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1206973 | PA      | $1029265.49   | 0.18%             | 2053-06-20      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| CODELCO INC                                                                         | Corp Nacional del Cobre de Chile                                                                                      | CUSIP: 21987BBG2<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    620000 | PA      | $633472.47    | 0.11%             | 2034-01-08      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                              | US 10YR ULTRA FUT SEP25                                                                                               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -101 | NC      | $-109118.08   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc                                                              | IDEXX Laboratories Inc                                                                                                | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      3000 | NS      | $1602930.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Denso Corp                                                                          | Denso Corp                                                                                                            | CUSIP: 000000000<br>LEI: 549300RYPA10CQM3QK38 | Long             | EC               | CORP              | JP        |    251700 | NS      | $3409232.98   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Allegro CLO Ltd                                                                     | Allegro CLO XV Ltd                                                                                                    | CUSIP: 01749WAQ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1001107.00   | 0.17%             | 2038-04-20      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                     | CVS Health Corp                                                                                                       | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1120000 | PA      | $1120927.36   | 0.19%             | 2054-12-10      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| American Express Co                                                                 | American Express Co                                                                                                   | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      5080 | NS      | $1520494.80   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BUCKEYE PARTNERS LP                                                                 | Buckeye Partners LP                                                                                                   | CUSIP: 118230AW1<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2795183.10   | 0.48%             | 2030-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp                                                          | Capital One Financial Corp                                                                                            | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      5780 | NS      | $1242700.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Apidos CLO Ltd                                                                      | Apidos CLO XXIV                                                                                                       | CUSIP: 03759CAS9<br>LEI: 549300PPHIOJQEKPJH29 | Long             | ABS-CBDO         | CORP              | KY        |   1044585 | PA      | $1044167.07   | 0.18%             | 2030-10-20      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| Heineken NV                                                                         | Heineken NV                                                                                                           | CUSIP: 000000000<br>LEI: 724500K5PTPSST86UQ23 | Long             | EC               | CORP              | NL        |     11851 | NS      | $930492.28    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

**Name of Applicant:** DEUTSCHE DWS MARKET TRUST

**Signature:** Diane Kenneally

**Name of Signer:** Diane Kenneally

**Title:** Treasurer and Chief Financial Officer